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I like a part in the article where they present a supposedly informed group of experts … "The U.K. and Australian housing bubbles may be unimportant to U.S. investors, but to bubble historians they look extraordinary."
I'd never heard of a 'bubble historian' before! I'm so sheltered.
Although things are softening I dont think anything is going to burst any time soon (despite the views of bubble historians).
Andrew
itsandrew
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Thanks Mike.
The report was great. Really appreciate it.
Andrew
itsandrew
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I'm just thinking it will push rates up and kill any competition smaller lenders can provide. I have seen some posts on this forum highlighting obscene exit fees of some smaller lenders but these break cost scenarios must surely be known prior to signing a contract?
So I suppose what I am getting at is that from my viewpoint abolishing exit fees will hurt small lenders ability to offer competitive products and thereby reduce the competition the Big4 face.
Andrew
itsandrew
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Thanks Richard.
itsandrew
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Hi Terry,
Is it a good product (rates, application fees etc)? What are their break costs like?
Andrew
itsandrew
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Hi Terry,
Why is there little (or no) asset protection in the trust? I thought that was one of their key benefits.
Andrew
itsandrew
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In 1998 I finally found my ideal beach holiday house 150 metres from the beach just off the main road. 2 1/2 hour drive from Melbourne. Asking price $28k. Couldn't convince the Mrs. Today houses on the main road are advertised at $400K plus. It still breaks my heart.
Andrew
itsandrew
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I cant vouch for them personally but Landlordschoice have a property sale package for $299. http://www.landlordschoice.com.au/services.aspx
Andrew
itsandrew
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Thanks Paul and Terry.
I have a few questions regarding Lease/Options:
I have read a lot about options on this forum in the context of development. Is it the same thing (with a tenancy agreement attached)?
What sort of lifespan do people take on the options compared with instalment contracts and are they fairly straight forward?
After the introduction of the NCCP are lease/options becoming more common?
Also, where can I read/learn more information about lease options?
Andrew
itsandrew
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Hi Paul,
I have been following this as an interested observer and appreciate the information you provide on the forums.
One thing I haven't got clear yet is the difference between Lease/Options and Instalment Contracts and/or Second Mortgages. And why are the lease/options exempt?
Regards,
Andrew
itsandrew
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Hi Jacqui,
This has been a really interesting read for me. It sounds like you have made a great deal even better. Great work! I look forward to hearing how things progress.
Andrew
itsandrew
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The auction/advertising campaign sounds a tad high. Mine cost $1500 just under 6 months ago and I also had 2.2%.
itsandrew
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$800k + seems a lot. I wonder if workcover or TAC would have that level of liability for a hand injury of that nature.
Andrew
itsandrew
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Inflation. Generally two types. Cost push and demand pull. Cost push means that production costs rise eg. wages, raw materials and the retailers have to put up prices to cover costs. Demand pull means that everyone wants a particular item and there are not enough to go around. So people pay more to get the little that's there. I found this site http://www.hsc.csu.edu.au/economics/issues/inflation/Topic3Tutorial2Inflati1.html
Hope this is of use
Andrew
itsandrew
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In other posts some people have suggested OzForex for shipping money. People are saying that they have good rates and low fees. But I cant vouch for that!
Andrew
itsandrew
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Hi saaiyuk,
I thought I would test this for you. I replied to a recent email she sent me. I received the following rejection:
<snip>
Recipient: <[email protected]>
Reason: Requested action not taken: mailbox unavailable or not local
<end>I'm not sure why that would be the case though.
Anyway, about 6 weeks ago I received an email from Judith giving other contact information for the organisation. If you want those email addresses and other contact information please PM me. I'll be happy to pass that on to you.
Regards,
Andrew
itsandrew
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Terryw wrote:I wouldn't worry too much about the hits on your ccredit file.Hi Terry,
I am interested in this comment as I understand you used to do brokering. This is something I am concerned about as I move forwrd with my investing. I have read in other posts on the forums that there can be problems with this?
Regards,
Andrew
itsandrew
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Does this mean poeple who own IP's (eg. 3br homes) for student accommodation are all uninsured? Or do they get a different type of insurance?
itsandrew
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MrsC, I concur with Trent. When I renovated my home 3 years ago I had a second area that needed a largish kitchenette (approx 5 metres with cabinets above as well). I bought a second hand kitchen in excellent condition from ebay for $800 – including all the appliances (stove top, oven, rangehood, brand names too). The kitchen was HUGE. It was big enough for me to share half of it with my brother who replaced the entire kitchen in his two bedroom unit as well. We both now have kitchens for $400 each plus installation of under 1K.
Andrew
itsandrew
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Hi Stu,
Here's another thread from this site. https://www.propertyinvesting.com/forums/property-investing/help-needed/4323195 I'm not sure if this will help but it covers other mining communities in the area.
Andrew
itsandrew
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