touche Aussierogue

Kay
I too agree with you about admiring the English as a second language peoples attempts to speak our language. This is not the issue for me. The issue was about some people seeming to deliberately place a different meaning on some of their posts in order to (in my opinion) avoid answering the questions asked of them (much like politicians do).…[Read more]

Hi all
I have been quiet for a few reasons. Firstly, same old questions and answers. Secondly, there are a few people here giving poor advice to others and whenever posters like myself try give a bit of balanced advice we get shot down. An example of this was when some people gave bad advice about what to claim to reduce tax, some months back. I…[Read more]

Like another wise person on this website once said

“If you are going to invest in a one horse town, you had better be very sure the horse doesn’t leave”

That pretty much sums up my thoughts too. I agree with Derek and prefer larger towns/cities.

Well I knew when I posted this that I would get a lot of resistance from those who just dont want to accept that a correction is inevitable and that this time it is not different! Make no mistake, the market in SE QLD is slowing and prices are dropping just like they are in other areas. If you refuse to accept the reality, do so at your own peril…[Read more]

Aceyducey
I have an economics degree so I guess you are right – that I have a limited understaning of economics! Imagine how good an understanding those who have not done any tertiary study in the field must have!

So you are suggesting that the 0.65% increase in our population from immigration (excluding the declining birth rate) will have an…[Read more]

I used to live in Melb. (now in Bris), and remember travelling from Brighton to the Richmond to work by car. It was time consuming! Seaford is a great deal further from the city than Brigton but has a train line. You are right that it is fairly close to the sea. Seaford however doesn’t really have absolute beach frontage like other areas along t…[Read more]

PI is a specialised field. Some people think they are experts at it and do there own research. Others rely on professionals to do the research for them and advise them. It is not ridiculous to expect that the banks and solicitors to look after the interests of their clients with regard to valuations. It is clear from these cases that the banks…[Read more]

Anyone who believed that the original claim meant that these property novices could have a net worth of over $1m after 12 months is themself a novice. It is very obvious to anyone with a bit of property knowledge and a small amount of common sense that the claim was to put these people in control of $1m of property. The problem here is that…[Read more]

Just to be on the careful side, I suggest you get a building inspection to determine what work needs doing and how much it will cost. As a landlord you have a responsibility to provide a safe environment for your tenants to live in. If the roof collapses and you knew beforehand that it was infested, you would be in deep strife. Insurance would not…[Read more]

SIS
So you are one of the people who believe that there cannot be a bust? You have obviously come up with some good reason why this time it cant happen when it has been happening all around the world for hundreds of years?

Not wanting to disappoint with regard to doom and gloom – here goes..

I think interest rates will rise to 9 or 10% and that will happen over the next 3 years. I expect that terrorism will increase now that Israel have moved onto the offensive. This will affect world stock markets and thus people will want property instead of shares to form the…[Read more]

Any party would have had a budget surplus over the last 2 terms of office, so to say that the Libs have done well is not really that true and yes it is largely due to selling assets like Telstra. There really doesnt seem to be a viable party that will balance things well by not wasting our money as well as improving what is important to us…[Read more]

People seem to forget that the government is only meant to be a custodian of our money and that they work for us and therefore we are their bosses. They have a form of arrogance that makes us think that they are in charge and that they will push us around and tell us what is important to us. This is totally wrong and Geoff Kennett found this out…[Read more]

Well said Pisces – dont get into a confrontation with the tenants.

It is ridiculous that the tenants have more rights than the landlord. What ever happened to a legal and binding written contract being enforceable? The tribunal are obviously a bunch of communists.

I totally agree with teabagted especially the sentence “Too many silly, trendy people paid too much for their properties and created an expectation among their neighbours”

Heres an excerpt from an article from NAB which validates the above.

• Capital city house prices rose a further 6.0% in
the December quarter, the largest quarterly rise
since the late 1980s.
• However there is evidence that relatively more
sales at the upper end of the market have
biased up the median price rises in Q4.

Table 1: House Price Gro…[Read more]

So in summary, I can increase the mortgage on one IP property to provide a deposit for another IP or two at any time and claim this ongoing interest as a deduction. Does one have to be able to produce an audit trail of the capital flow to prove it was used for another IP and if so how (bank statements are not too revealing)?

Great post Marc.

I feel that poor people often are programmed into not performing, whether it be by their parents lack of ambition or their friends or other environmental factors. Most of them are capable of achieving so much more than they settle for.

I agree with Bruce, dont count on the higher yield from uni students. If renting to them becomes too arduous and you opt for a “normal” renter your yield will drop to the average for the area (250/w). Based on this yield I would be working out what the highest I would pay would be, say $250K to generate a 5% return when getting 250/w rent. You may…[Read more]