Originally posted by Malachii:
GMH454 – The tenant had secure tenancy as they had just signed a 2 year lease so there is no way a new owner could have kicked them out. We could only sell the place to an investor.

Very strange .. does not make any sense at all.

Maybe the tennant is just seeking secure accomadation. If bought by an owner occupier what would have happened to them. Are they not entitled to look after their own interests.

Originally posted by Aceyducey:
Yawn

Terry, since you’re so negative about it I suggest you sell your your assets immediately & retire to a commune where you will not be effected by the coming crash.

Rates go up, rates go down. Serious investors make money.

And no, you can’t help everyone who makes a bad decision. THEY have to decide to do…[Read more]

Quote:
Originally posted by westan:
. They could cope less with a 9% interest rate than we could.

quote]

Westan agree on that, but we may now have had a break between international rate parity. They are about 4 pts below us, and if that stays as parity if they get a rate of 5-6 % we could face 8-9%

Now something else may happen, but it is a…[Read more]

Originally posted by westan:
Hi Jon

i really can’t see interest rates anywhere near that level. Inflation would need to be out of control

Here or in the US ??????

We are not an economy in isolation. If other econmies pick up we could see capital flow out of Australia to such an extent that rates must go up .

Any idea what 45c dollar will do…[Read more]

Originally posted by butterfly:
Iam looking at a property currently owned by a bank.They want to sell then lease back long term.
Butterfly[worried]

AND when the bank moves out you will lease to …..who ??????

Originally posted by Yorker:
. The region seems undervalued

Depends on how you see the market. Had a client buy in Batemenas Bay last year, it was not cheap, and some of the little cottages around Jervis Bay made their owners millionaires (or close to it )just after the Seachange TV series.

Think it might have already been picked over.

ABC ran a piece on this back in May or June. It actually has population growth, not just price growth. First time in years.

It is the seachange. Mainlanders selling out cashing up and retiring down there. It was described as our equivalent of Florida (no joke..)

Problem is these people need substantial health infa structure, and Tassie has’nt…[Read more]

Originally posted by MortgageHunter:

Quote:
Originally posted by AusProp:

People aren’t idiots and will only refinance if there is a clear benefit!

Simon Macks
Mortgage Broker
http://www.mortgagehunter.com.au
0425 228 985

Comments may not be relevant to individual circumstances. If you intend making any investment, financial or taxation…[Read more]

Originally posted by Rose:
It took them over a week to process my application.

Its amazing how our expectations have changed.

Originally posted by jhopper:
I always thought that the selling agent was obligated to submit all offers to the seller.

I’m puzzled by this as I have seen this here often.

My wife and I have our PPOR up for sale, its speculative as the price is very high, agent knows it and knows we are not interested in anthing less than our “floor” price.…[Read more]

Originally posted by kp:
can you clarify what you mean by “you get back more in a lower tax bracket”
Its a serious question,

Think in gross dollars rather than percentages.

Originally posted by yack:
I know where your coming from.

I too hate repairs. But they are a necessary impact of investing. I think of repairs in this way;
1. Have to be done.
2. Get half back on tax so it really costs only half.
3. makes the property better – hopefully less mntnce in the future.
4. Think of the bigger picture – capital gains…[Read more]

Originally posted by Marisa:
I paid the total of $120 incl. GST (Tap .

I would be concerned about the hourly rate and would query this, even on weekend this is really over the top.

The hourly rate will depend on where you live, for Sydney on a weekend thats fine and the call out fee was a bargain.

Don’t forget incomes and costs in some areas…[Read more]

Originally posted by SuperTed:

I think someone that questions dodgy bills/quotes would be more successfull in property and business in general then someone that continually “takes it on the chin”.

[/quote]

As an accountant have been a spectator to property investors for a long time. For every 10 successes there is one problem for every…[Read more]

That $100,000 per year is something the Henry Kays of this world used to motivate the massess.

Ask a 60 what they are doing and they will tell you of the holdidays they have just had and the new restaraunt they discovered.

Ask a 70 year old what they are doing and they will tell you of the new pill they have to take and the name of their new…[Read more]

Originally posted by hotshot:
cool Derek but is that 75% of there income figure b4 or after tax
like if say you get 50k a year gross does that mean you will be happy will 37k income gross or net?
and is that 37k want ppl want but withut any other debts like morgage or car loans?

Most fin planners and accountants will strecth your after tax…[Read more]

Originally posted by wilandel:
Hi,

If I were a plumber on a much earned day off, I would charge a bit more if I had to leave my family or friends to go and unblock someone else’s toilet..[fart]

I think that as a landlord, this is just one of those things that you have to grit your teeth about, but cop it sweet.

Del

Could’nt have said it…[Read more]

Originally posted by jusmcf:
thx Yorker – I have recently bought two for $56k a pop, settle in 18mths – as a guide I used the fact the car space on my Sydney unit was worth $25k 5 years ago when I bought it.

An associate bought his in around 1988 for $70,000
Corner Park and Castlereagh.

Great investment.

As the media is not reliable, (why would you ever ask the REI for a market opinion, it’s like asking a Holden dealer on how good is the new Holden impartial ????) and the papers print whatever will sell the most papers, this is actually one of the best resources going around.

Having said that my last three pieces of info are,
1) A broker I…[Read more]