Does anyone know when the payments will increase?  Is it from today

what is you aim from making this investment? to be able to leave work immediately/scale back/building for thr future

Commercial property.  With commercial propety max LVR of 70%, but in current climate stick to maybe stick to 50% – so buy $2million of property.  Find a property with long term tennants.  Do some research on the tennants to make sure they are companies that should survive any recession.  This should make it CF+.  Hold any extra cash you rece…[Read more]

When the US$ was at 97cents i would of been interested, with the dollar droppin to 63 i think its now out of my price range.  If the REA was to throw in some airfares for me to view the property I may reconsider

I think the part you are referring to is when a contract is subject to finance.  If a contract only states that its conditional on finance being approved, then if dodgy bros approves you for a thousand dollars @54% then that condition has been filled.  Problem is that its not enough to purchase the property of with a lender you are happy with.  By…[Read more]

hbbehrendorff wrote:
If you want to make huge profits and secure your future,  Dump all your paper (Cash,  Bonds,  Shares)  As the world will soon realise paper is worthless and exchange it for Precious metals,  Either gold or silver,  These resources are so precious and finite,  If Gold was shared to everyone in the world everyone would only h…[Read more]

First of all Nilson your are incorrect – you legally don't have the right to interupt me – I am listed on the DNC list.  Is your company one of those that like to disregard this list.  Secondly when you ring me you don't know what my current situation is with property investment.  I may have a portfolio that is already working perfectly well an…[Read more]

Scamp wrote:
yep , me too, positive about the sharemarkets in the future. Much more money to be made on shares than on property. Renting and investing is a much better option than buying a property. Why lose 50K a year and even more on capital losses, if you can make 100K a year with the same investment ?Doesn't make a lot of sense to me. I'd…[Read more]

Nat,Good to hear you are feeling more comfortable, good luck and hope it all goes well for you. 

[/quote]Ehm…Let's look at the facts as we've been given them:Nat herself said "the values in the area have dropped by about 15% in the last 18 months".Nat herself said "we could expect between between 550 000 and 570 000 to sell" and "at the height of the boom the value was 700 000". That's a drop of between 18% and 21%.Nat herself indicated…[Read more]

Devo, You state that prices are falling, the house in question is located in Perth.  Perth has some suburbs that are falling, some that have fallen but have started to turn around, some that are pretty flat and others that have continued to increase (although at a decreased rate) during this whole cycle.  I think its imposible to make an acrose th…[Read more]

by the way scamp, do you have any idea about where this house is located in perth, do you know where perth is, do you know the demographics of the different suburbs in perth, do you know the median house price of a property in perth, the median house price of the suburb in question, do you know which areas of perth have high rental demands…[Read more]

scamp, lets say 6 people look at this property, the price they offer is 500, 525, 560, 560, 570, 575 and of course scamp with his offer of 250.  this property is worth 575.  Even if there were a million "scamps" (god help us) the property is still worth 575 as you have one person willing to pay that price.On the issue of job losses, yes there wi…[Read more]

Scamp wrote:
Please let us know what you sold your house for ( if you can even sell it in this climate ). My guess : You will put it on the market for 570 now..  In 4 months you will drop to 550, in 9 months you will be without a job and you will put the house on the market for 450, and in 15 months you will be bankrupt and the house is sold on…[Read more]

For a personal loan the banks will want to see some proof of income.  If you have a property to use as security then the lo doc or no doc options are possible.  You will pay higher interest and need a lower LVR

Como, highgate,east perth etc are good for units as many renters wanting units close to city.  Also good demand for houses in suburbs a bit further out for younger families.One of the things to consider when choosing unit or house is what is your long term objectives?  If you are looking at a long term buy and hold (plus being in Melbourne in a c…[Read more]

Another idea in a similar direction to what CHIS suggested is finding a couple of mates and go thirds in buying a 3 bedroom place.  This way the banks will look at 3 incomes to service the loan.  Depending on the interests of the different parties can come to an aggrement to hold it for a set number of years and then sell and use equity to buy y…[Read more]

It depends upon your own personal goals.  If you want to do a quick reno and flip, this isn't the time.  If you are looking at increasing your portfolio and hold for the long term and have the financial resources to cover any unexpected increase in interest rates it may be worth looking around for a bargain.  I personally believe that pr…[Read more]

Scamp wrote:
Please stay with 'momie' for a little longer, you really don't want to burn your little designer hands on this crisis.

Come on Scamp, I don't care about your views, but lets treat new comers to this forum with some respect

Nilson, 2 comments,When I am eatting dinner @ home NO ONE has the right to interupt my meal, except for my loved ones.  I have had many meals interupted when working in the nursing industry.  It just shows how arrogant you and your companies are thinking I would be better off having one of my few luxuries (a quiet meal @ home) interupted.The A…[Read more]