It is BRAND NEW!

ok was a bit too ambitious. $700 for anyone who’s interested.
Thanks.

Am very curious which part of Aus it is where the land value doubled in 2 years. But well done. Based on that it sounds like a good piece of asset to own and keep, as the rest of the country are not doing half as well!Or did you mean overall land value in the country has doubled? Where did you get that information from?

Ibluedento,Interesting portfolio. Based on my calculation the rental income is roughly break-even. Or did you mean $1360 is the net income after paying off mortgage? (too good to be true but I don't want to rule this out yet…)Do you mind telling us where your properties are? Or general direction of it?  I'll let the experts to comment on whe…[Read more]

Agree with Terryw.All money into personal debt first, then the rest into PPOR mortgage. Then borrow and invest.

Weldone Whitehousemax. And thank you for sharing your experience!

Thanks Terry and Linar. Will contact a local solicitor.

Totally agree with Sam.If it comes with rental guarantee, I assure you the price is already inflated to include the rent, and then some.

2 days for $5000? Really? And so many people are considering it? Is it one-to-one?Is it because it's so unbelievably expensive people think it must be worthwhile?

What do people think of this strategy:1. sell your family home, realise some tax free gain2. buy your next family home outright (no loan)3. get a line of credit facility secured against the new family home4. finance 2 properties with the LOC and left over from the 1st sale. Chances are both of them will be cash flow positiveThat way all your loan…[Read more]

Thanks to both Richard and Ryan. Your comments are very much appreciated. Give me more bullets and substance to work with when I see my accountant next.

AussieRob's presentation was absolutely disgraceful. I'll go as far as saying the inclusion of it devalues the mega conference.If you're not into speculation and stock picking but just want your fund to grow, I believe no system can help you trade with any more certainy of beating the index than buying the index itself. The fund managers have e…[Read more]

Ikea's new ground at Tempe is already being excavated.The proposed Wolli Creek shopping centre is just going to be smallish one with a groceries supermarket and a few other shops.The Wolli Creek precinct has about 2000 units, and there are 50 of them for sale at any one time. If I were you, I'll stay away. It's another Victoria Park (Alexandria) a…[Read more]

My opinion is that>I now know you make more money on a house over time compared to a unit. Depends on the location. A nice house way out in western sydney will still under perform the market during this period>1. "Should I sell the unit and put my money else where". If I do what is the cost in doing this ie selling fees, legal fees etc:"I will.…[Read more]

$2m net wealth, quite a comfortable retirement no? Why would you say it's a lost cause! Theoritically (and simplistically speakig) if your investment gain 10% you'll have $200k/year income! Half that you still get 100k! Quite nice!I suggest you consult a property / financial adviser (one that take hourly fees and not one that trying to sell you a…[Read more]

I witnessed Crazy Staffy launched itself into the Yarra below! Nice work Ben! Crazy people like you (and to a lesser extent crazy dogs like Staffy) make me feel proud to be a naturalised Australian. 

Yes and 5.5% slightly on the cheaper side (not necessarily a good thing).  I pay 6% + GST.