Be very careful investing in nursing home or retirement village.Joint venture of FKP and Lend Lease blew up last year and costing $$$$ millions

BTW, they charge you a certain % of the property price as a service fee…

walp, just becareful using Cashflow Capital service. They have basically inflated the rent so that it looks attractive in first 1-2 years. Majority of their properties are in the mining town or small rural town(recommended only for speculative investor).You can easily find an apartment or unit around sydney area with almost neutral gear i.e. 6-7%…[Read more]

Stash your cash under the pillow…

Yanhong, "…but at least used more comparable properties in assessment.. " probably valid if you buy through a buyer agent… 

When I bought my property few years back.. it was listed at 420k… I asked for independant valution… valued at 365k (costing A$200-300) I then put in an offer of A$ 320k… we settled at A$342k. The bank valuation is 360-370k. and I got it revalued by REA few months later for 380-400k. very skeptical !!!! Always use independant valuer… ne…[Read more]

I always get independant valuation if in doubt… don't believe REA (bunch of suckers)…..in this economic climate, I will just walk away… losing 0.25% deposit is better than 40k downDid you get independant valuer???cheers

If you want to buy for PPOR.. then buy in your name or your wife's name or both.

How do you know that you valution is 280k from purchasing price of 260k…9 months agoSydney's apartment  price is down across…

go to infochoice.com.auyou can enter you data and it will calculate for youcheers

Another spruiker for unsuspecting investor…cost $$$$$$ with very basic knowledge…

and few pictures as well …

just beware of spruikerssssss

Well.. if you buy apartment.. then you don't have to pay land tax..I luv DFT because it saves by butt when my occupation being sued… I guess that it is wisely to spread between wife's name ( becareful of divorce settlement) and DFT.If you have only 1 DFT, you can use tax online or even simple tax agent to do it…unless you hold Hybrid trust……[Read more]

You can check daily 3 or 5 year interest rates at http://www.infochoice.com.au or ratecity.com.au

Adam,Ask richard to set up one for you…I think for the 'non-complicated' investor.. DFT is a good trust structure to use" What will this negative gearing mean in terms of the family trust? "You can't distribute the negative income against your income… and it will trap in the trust, hence it will yield little benefit.The cost??? it depends..…[Read more]

I agree with richard… bankers are talking rubbish all the time… I still remember that they were talking about hitting double digits interest rates last year… Babcock and Brown is a dud stock from the start.. a lot of people will suffer from it…

Would valuer be influenced by REA? NOThey work for the bank and liable for the mistake if the valution is too highGet and independant valuer if you are so keen…

Why you wan to buy something which is 'over value'?Don't listen to the real estate agent's valuation… it is very dodgy…It is not ridiculous.. it is the agent that keen to off-load the propertySome of you might not agree that valuation by the bank is paramount…. I WILL only buy the property based on bank's valuation….  

RBA leaves rates on hold @ 3.25% today … such a relief !!!