Kevin,What is your suggestion if the PPOR has been paid off prior to renting out??

Margaret,Can you elaborate the cost of joining/purchasing the properties?"FREE" but with string attached

Ask for Management fee, strata fee etc (big cost)…. and get the gross rental valuation. The nett return may be ~5%.It may be difficult for re-sale in the future (main concern).also problem with financing.. but only A$80k …. can pay with cash and park it in DFT

Is it safer to loan it to medico? Does any one know about the lending rates? Would it be lower than commercial loan?

A$100 <— very cheap

I guess that the impact will be the next 12-18 months as a lot of first home buyers will rent out their PPOR after taking freebies of A$ 24000 (NSW) and futher deepening of GFC… The real value of property price will be tested then…. UNLESS Rudd Bank decides to give away another A$200b to BOOST

59 cents yearsss ago… ???? probably more than 10 years ago… since I bought  my first car in 2001, I can remember that  the petrol price was 80cents.Taking into account of inflation (but excluding fluctuation of AU$ vs. US$… you bought the crude oil with US DOLLAR) and assuming inflation at 3.5% pa therefore at least the inflation itself ha…[Read more]

How about HSBC… their 3 year fixed rate @ 4.99%

It has already bitten the commercial properties across the Australia… the major property fund i.e. GPT/Wesfield/Stockland have been bitten by global financial crisis…. It will haunt the residential properties…. I guess that Rudd Bank will be able to clear the mess…. with total liability of 200 billion and increasing….

0%

What the F*ck !!!!!

Especially it is rented to property management company…. even worse

This is the GREATEST EVER GLOBAL FINANCIAL CRISIS in history (new chapter in the textbook)….. even worse than GREAT DEPRESSION….Keen to see the property price being tested again….. as there is no historical data to compare

I can't imagine what is going to happen…. mini boom during the recession which will certainly follow by buble burst of the property price…. Will be a new chapter in the economics text book.I would like to speculate that more foreclosure will happen… Plenty of $$$$ is still sitting in the TD…waiting for the moment of truth..

Jimmy,I believe that our current residential property price has been inflated by 10-20%… By only lending up to 80%, it will make the price become more sensible.Just look at commerical properties…. the value has been slashed by up to 80%. I am saying that some of them are really blue chips commercial property (i.e. Pitt street in Sydney or…[Read more]

Richard,Non-bank lenders have taught us a lot throughout the great financial crisis…Today, it is 2.99%.. next year… 10%

I can do it myself without paying 3%

Richard,Well.. I hope that the LVR will continue downwards to 80%… it will stabilise the current property price..I think sooner or later the bank(s) will do the same to the current REITGPT, Stockland, CPA tc… despite their LVR is <50-60%…. but the bank(s) keep devaluing their assets…[Read more]

……. missed the boat…as the fixed rates have been increased over the last few days….

http://business.smh.com.au/business/cba-hikes-fixedrate-loans-20090420-acjy.htmlI got the news from the financia market this pm.. but smh has published 6 pm ESTCheers