At the Millionaire Mega Conference last weekend, Steve McKnight talked about the “auction bastard” approach. Ask a question like, “Can you confirm that this property contains no deadly asbestos?” That will likely scare off some competition. Otherwise, buying at auction is not ideal as it often tends to favour the vendor.

At the Millionaire Mega Conference last weekend, Steve McKnight talked about the “auction bastard” approach. Ask a question like, “Can you confirm that this property contains no deadly asbestos?” That will likely scare off some competition.

At the Millionaire Mega Conference last weekend, Steve McKnight talked about the “auction bastard” approach. Ask a question like, “Can you confirm that this property contains no deadly asbestos?”

To all of our mortgage brokers in the forum, thanks for your first-hand updates. It’s very helpful for the broader PI.com community.

@deancollins, as I’ve written here, APRA exists to regulate our banks’ exposure to risk in order to protect depositors, so all they need to do is say that’s what they’re doing even if what they are really doing is carrying out monetary policy for the government. None of this would be necessary if the RBA wasn’t artificially suppressing interest…[Read more]

Interesting indeed @deancollins. The reason is because Glenn Stevens left the impression that there would be no more rate reductions by removing an easing bias from his statement Tuesday. I reckon he was showing caution to get a desired currency response without fueling more property speculation long term. But stay tuned for tomorrow’s…[Read more]

Hi @lizinda. This article might point you in the right direction: https://www.propertyinvesting.com/granny-flat/

All the best.

Here’s some inspiration for you @Steven-B :-)

https://www.propertyinvesting.com/how-a-young-property-developer-is-making-hundreds-of-thousands-in-profits/

@jo23, check out my article, “4 Ways to Fund the Growth of Your Property Portfolio”: https://www.propertyinvesting.com/4-ways-to-fund-the-growth-of-your-property-portfolio5002855/

It’s a little broader than than the equity question, but hopefully it will help.

Here’s the link if anyone wants to have a look: https://dsrdata.com.au/blog/2015/2015-04-population-growth-myth

I think he misses the key issue on population growth which is the outlook of our immigration policy. We’ll need to keep our borders open to skilled workers to boost the population so we have enough tax payers to cover welfare costs of…[Read more]

The question is: Which will prove more powerful? China’s woes or Australia’s supposed housing shortage? As you say, those whose money is on China’s woes should be cashing up right about now.

That’s definitely a concern @deancollins. Rates will eventually revert to their historical mean. Once we hit the bottom, whenever that is, we will have attracted more and more speculators into the market which will make the inevitable pull back all the more painful. This is why I think the Austrian economists were onto something. Like @charliex…[Read more]

@Noobugawa, do you consider this a lifestyle asset or an investment asset?

I wouldn’t be the least bit surprised if we hit 1.5%. It seems easing is all the rage with the central banks of the world today. And considering the time Glenn Stevens spent under the tutelage of the Federal Reserve Bank of San Francisco, we might even see their .25%.

Smart stimulus is an oxymoron. Fiscal and monetary intervention is very bad long term. Artificially low interest rates create imbalances that lead to either consumer price inflation or asset bubbles or both. Credit expansion makes people believe that they are more prosperous than they really are, which will of course eventually lead to…[Read more]

Hi @gabmar.

Check out these two posts as they might be able to point you in the right direction:

https://www.propertyinvesting.com/buying-investment-property-part-1/

https://www.propertyinvesting.com/buy-properties-in-australia/

All the best.

Jason

Hi @hungpham. Great questions. It’s always best to submit your offers in writing but to do so with a “get out” clause so you can back out if you decide not to move forward. I’ve written an article on this topic which should be posted on PropertyInvesting.com in the next few days. Thanks for the inspiration :-)

We’ve just published a brief article on PropertyInvesting.com called “Build a Granny Flat to Boost Your Property’s Cash Flow”. Please take a moment to check it out and leave a comment to share your thoughts. Cheers!

https://www.propertyinvesting.com/granny-flat.

For a full treatment of this topic, please see the PropertyInvesting.com article, “R-Zoning Codes for Western Australia – What Does it Mean?” available here: https://www.propertyinvesting.com/r-zoning-codes-for-western-australia/

For a broader, Australia-wide description of zoning codes, check out, “Zoning in Australia – What’s Up With All These…[Read more]