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  • Profile photo of god_of_moneygod_of_money
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    April 26, 2008 - 6:37 am

    Seems like all postive comments. Thanks for your help.
    Cheers Don

    Profile photo of god_of_moneygod_of_money
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    April 26, 2008 - 6:23 am

    it offers higher return than average, but beware of holiday period (Dec-Jan). I would be disagree that it offers less capital growth.
    Look at suburbs of Kingsford, Kensington and Randwick @ UNSW. Again, it depends where u bought it.

    Cheers
    Don

    Profile photo of god_of_moneygod_of_money
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    April 25, 2008 - 1:45 am

    Hi.
    TIC does not normally declare the commission plus all the hidden costs. How do you know that the buyer will pay the average price? It is okay if the property market is growing. How about the current climate where the property market either stagnant or decreasing??
    However, most of the properties being offered are brand new, therefore it is difficult to estimate the value. Difficult to get an independent valuer as no historical  property price to compare and often they used the next suburb????
    I hate Kevin Young who keep saying that property will double at every 7 years. The jury is out there.
    Do you own homework !!!

    Regards

    Don

    Profile photo of god_of_moneygod_of_money
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    April 25, 2008 - 12:12 am

    where is this *.co.za from?
    Unsolicited posting should be banned??

    Profile photo of god_of_moneygod_of_money
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    April 24, 2008 - 9:32 am

    I would fix at 8.49%.. as the interest rates probably will not fall till next year.
    Current variable rate is sitting at 8.6-8.75% and I guess that it will last at least
    1 year before we can see a clear picture.

    I won't listen to the economists as their accuracy of predictions are reasonably porr.

    cheers

    Don

    Profile photo of god_of_moneygod_of_money
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    April 22, 2008 - 1:31 pm

    Hi All
    Has anyone be able to negotiate 0.06% off disc from ING without paying extra A$499 for loan >=300k?
    i.e. 8.68%. Please let me know
    Thanks

    Profile photo of god_of_moneygod_of_money
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    April 21, 2008 - 10:35 am

    I don't get it. Why you overstretched yourself?
    The credit crunch issues were not new and has been for many months :)
    BTW, how much did you buy for both apartments? A real bargain???

    Profile photo of god_of_moneygod_of_money
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    April 21, 2008 - 9:10 am

    It depends on your current circumstances. I am always go for variable as it is easier to manage my cashflow/ direct credit salary/ redraw etc… and it will significantly lower the fixed rated. It is difficult to time the cycle of interest rates. Lots of gossips in the newspaper but no one has crystal ball to  predict the future economic climate including RBA. Cheers Don

    Profile photo of god_of_moneygod_of_money
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    April 13, 2008 - 2:15 am

    Hi All,
    I have a similar situation as well. I spoke with my accountant and she basically said as what Terry stated. You can't negatively geared the IP against your income. You have to paid land tax, setup cost,  and losing money if negatively geared plus all the associated cost. I guess that buying the first IP or even two may not need trust account.
    Yes, it may cost a lot of money in 10 years time due to stamp duty, transfer cost, etc…
    However, I went to property expo in sydney, Chan and Taylor shared a different opinion and preferred setup trust at the beginning. What do you think terry?

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