Jarmbie
The minimum deposit allowed is $50. Get that written into the contract sign it and you are in a better position without tying up $1000.

ausierogue
Sorry if I come across as being too dogmatic, inflexible or too locally focused but I am always aware of the fact that we (Aus.) are not really a significant force in the world economy and thus cannot really justify strength against other currencies often even though our economy has performed very well over the last few years. This is…[Read more]

AusProp, I do agree that China are a player but think they will be willing to continue to swap goods for US dollars for quite some time. Someone from Aus. can hardly comprehend the extent of their population and the fact that even if only 20% of their population were poor (probably more like 90%) then 300 million would be poor which is bigger than…[Read more]

ausierogue
I dont agree that the aussie dollar strength is here to stay. I feel that the reason it is high at present is because the US dollar is weak. When the US dollar gains strength it will push our dollar and other currencies lower. When this will happen is unknown but I am sure it will happen. The US economy is far too large for this not to…[Read more]

Although I normally lean towards the “doom and gloom” movement with respect to the current state of the property market, I do however think that property is the best investment by far in terms of safety and sleeping well at night. With the right properties one can make a huge CG and get a reasonable return with very little downside risk.

My…[Read more]

I know I said I would not participate further but I feel I really must point out to others (not SIS as he just doesnt get it) that all expenses including every last one of the above two lists that SIS has posted are only allowed as expenses if they have been directly incurred as a result of endeavouring to generate income from the investment. In…[Read more]

RickHy
$70-85K sounds like a reasonable price but what is the return like?

Well SIS, this whole discussion has become too much for me to further participate in, what with the inaccurate syntax and the misuse of terms like CF+ and CF-, and you trying to explain simple terms to me as if I am a child, etc. You may be thinking that you are ripping the system off (which is what the tone of your posts suggests) but if and when…[Read more]

SIS
Your replies are very difficult to follow and you seem not to be telling a consistent story here.
It just does not sound very likely that you would be able to achieve a “net rental loss” when you seem to be neutrally geared (if that is what you are saying?) especially when you say that your expenses are being used to reduce your taxable income…[Read more]

Give the agent a deadline and if he doesnt meet it get another agent!

I agree with Kay, any seminar that is free or cheap is worth a look. Other than that, there are plenty of good resources around on the net, in books and through companies that can educate you on PI without costing an arm and a leg. If you are in QLD, try Financial Intelligence Corporation for their ideas. They give you heaps of ideas without any…[Read more]

Bear
I would try getting the contract altered to give more time. If this is not possible you may have to decide if the lease is that important to the decision to buy or if getting another tenant would be little hassle. If this is the case you may want to go ahead and settle anyway else pull the plug now. If you do decide to pull the plug, do it…[Read more]

SIS
You seem to be rambling in all of the above posts. You contradict yourself all over the above posts as well. In one sentence you say your properties are slightly CF +ve, in another you say they are CF -ve and in another you call them neutral. You also mention that you are only claiming depreciation on 5/13 properties, which makes it ever more…[Read more]

Lovely area to live but anything bought there would be so heavily CF -ve that you would need to work 2 or 3 jobs to subsidise it. Do I think the CG on these properties will offset the weekly losses? Dont know! But the chances are they will. These properties are too expensive for normal working class people. They are (because of the prices) only…[Read more]

How can it be said that people should put no weight in any stories from TT and ACA just because the journo’s/producers don’t understand as much as we do about property. They often only interview “experts” and ppl who have been on both ends of good and bad experiences. Lets get real here and understand that there are too many ppl out there getting…[Read more]

Pisces133
I dont think you read my responses correctly. I do think there will be a correction soon and I do think it will need to be a large one to return true value to the market. I do however not expect this to happen and certainly not overnight. I instead expect some areas to be more affected than others (as always) and many IP’s held by moms…[Read more]

Pisces133
I dont think that the wording is too strong.
The extent of the contraction is dependent on the extent of the boom. Nobody can argue that today is at or close to the peak of one of the biggest booms that Australia has ever seen. This should be an fair indicator to the extent of the boom and thus the extent of the bust that is required to…[Read more]

Aus Prop.
My point was that the long-term trend indicates for e.g. that the CG growth in Brisbane has been about 2% over the last 50 years. Therefore, the CG’s of 20% and higher p.a. every year for the past 8 years amounts to 144% (18% X 8yrs) higher than the long-term trend.

Kay
I agree that there are always bargains in any market but I also think that a lot of people are fooled into believing that 5-10% discount off the current market value is a bargain. What if you buy now and negotiate a 7% discount off the asking price but in 2 years time the market value is 30% down on now just like happened in the past. Would…[Read more]

Wayne
There are many steps in the subdivision of rural land and it does normally take a long time. Councils are often understaffed and overextended hence the delays. If you can pick up the land for $330K and are prepared to wait it out for some time, building your interest and other holding costs into your feasibility study along with realistic…[Read more]