my two cents worth would be to hang on to the IP for as long as possible…

http://www.domain.com.au/Property/For-Sale/House/NSW/Kooringal/?adid=2008956794Thought I would give this topic a bit of a bump…for those who are interested in Wagga (Kooringal – just south of Wagga)Thoughts?

Hi cuteyoungchic,these are all the people who fervently believe that the sky is falling when it comes to property – whether it be property they don't own, or property they do. People have been shouting out the decline of property as an asset class for a very long time now, and good property will always remain to be good property.I'm not spruiking…[Read more]

AIF QLD wrote:
Hi all,As we are all a community hear, I thought i would share some of our experiences we have recently had with a couple of finance groups that you should all be very wary of and make a list of it to keep everyone informed.Firstly a group going by the name of Columbus Capital, our group has had all sorts of dramas with these guys…[Read more]

how about all the doom and gloomers offload all your property to the rest of us, go spend the proceeds on conspicuous consumption for a little while, then come back to the property market in 12-18 months time, and tell us all your tales of woe about how hard it is to crack the property market.

invest in a time machine

Research and data out there will provide you with discounts or premiums to advertised price, even down to the suburb.In non-auction market conditions, I've never put a bid in at the asking price.

looks like Nigel's still on that plane watching movies….thanks gross…hard figures and not hyperbole is what is needed on posts of this nature…

Bozena – what is your household income???PPOR – $1600 fortnight on a mortgage of $508,000 – worth $600,000IP 1 – $1100 a month on an I/O loan, rented out for $300/week – mortgage currently at $207,000 – worth $350,000My profile with mortgages and repayment amounts are remarkably similar to yours – arguably worse than yours, and while I'm not…[Read more]

Hi Den,Thanks for the thanks!Credit to Ryan for starting the topic…I just added a few specific ideas….some employers "hate" doing the PAYG variation, but I tell them they don't really have a choice As for everything else, it's entirely in every one's control.Thanks again…I wish everyone else a bunch of good luck, and happy hunting…looking…[Read more]

I have a real thirst for Ballarat in the next 12 months – just bought a place in Melbourne 8 weeks ago, so I need to cool my spurs for a little bit If you're looking at Ballarat potentially, keep as all in the loop – hopefully you like what you see…I've been looking at about 25-30 properties around Ballarat and surrounds, advertised for around…[Read more]

Never take a loan out on a car. Best tip ever. Public transport for $50/week max (in Victoria anyway)….

JacM, I have heard you need at least $100-$120K in an SMSF for scale purposes…a couple of reasons:1. Ongoing and upfront costs as a % would be prohibitive, if you had say, $50K in your SMSF. The setting up of the best structures, and costs associated with ensuring compliance with the ATO can run into the thousands every year.2. SMSFs require 30%…[Read more]

I don't normally engage in bank bashing, so let me qualify this post with 2 statements:1. I own CBA shares – (gift for me when I was younger)2. I don't have a mortgage with CBA (anymore)After announcing their $5.6bn profit, hiding behind "increased funding costs" is wearing a bit thin….I'm glad I don't have a mortgage with them anymore.These…[Read more]

With the Melbourne Cup on tomorrow, I don't think there will be any chance on an adverse announcement.Conflicting data, especially over the last 5 days will put a neutral stance on it.Good chance December though….they go on holidays January, unless there's some terrible data locally and/or globally around Xmas time.

Those BC fees seems prohibitively high, but it depends where you're looking..is there an elevator(s)? If it's city it's a good chance, but they still seem very very high.

Sonysal…who's the Property Manager? That is a disgrace.Landlord Insurance doesn't cover non-payment of rent does it? Just Accidental and Malicious damage???

Box Hill and Mitcham are well and truly gone if you're looking for bargains….Box Hill has been ballistic, even if you're looking at Box Hill North…

Inflation is 3.1% at the moment….not the 6-7% inflation that was previously quoted.

believe it or not, the rent has been paid….an inspection has been booked by the PM for a week…..Fingers crossed