Forum Replies Created
so was I! Believe me if you’re organised and have your paper work sorted you will be approved in days. I’m living proof.
change brokers. I was in your boat with my mortgage broker, he was a complete dud. I’m now using Jamie from pass go home loans who regularly posts here and the services and advice has been exceptional. My only regret is I didn’t change years ago.
I just read off the forum. Half the magazine is advertising. The stats at the back are handy but even those need to be carefully scrutinised.
I’ve stopped reading these magazines years ago. They just blow a lot of smoke with feel good stories about how investors borrow up to 95%, in debt up to their head and how successful they are.
Japan is a real touchy subject for Freckle and this photo wouldn't do it justice. I'd like Freckle to debate Rudd or Abbott, I can see him carrying a brief case full of graphs!
I reckon that's the face Freckle pulls when somebody suggests to Invest in USA!
what a waste of an article. clearly she’s an idiot!
Hi Suri,
Which suburb in Melbourne is the land? I might be able to recommend you a builder.
Hi Engelo
can I ask why you’re liquidating your Australian properties?
welcome back, did you end up selling the ip you renovated in regional NSW?
was the program downloaded from the internet?
That's a very good post. I have the same strategy and find it beats the "buy and hold" strategy and waiting for CG. It's a good way to manufacture your own own CG.
Should have been $1500 max but I wouldn’t say you’ve been ripped off. Always get a quote first and if possible never pay by the hour.
Qlds007 wrote:Agree with Terry.What i often get is at the end of the coffee meet is "could you email me a list of lenders who will do that or some more detailed information on buying in my SMSF so i can pass it onto my regular Broker / Financial Planner as they didnt believe it can be done".
Cheers
Yours in Finance
That must feel like a kick in the guts!
If you build 3 units you would need to hire a builder. Owner builder can only build 1 every three years. You could put one unit in your name, one on your brother’s, but you’ll need to find one more person you can trust.
Hi kat which suburb are you from?
Aunty Julia will be unemployed in a few months.
Come on jacm spill the beans or else……
oc1 wrote:Hey Joe,It is actually 5%. Each council then decides what they want to charge. Eg. Brimbank 2%, Darebin 3%, Latrobe 5%. When you develop in a new subdivision (3+ dwellings) no contributions are payable as the council cannot double dip. The original land developer has already paid this.
The beauty of a 2 lot subdivision is the fact the no contributions are payable. Works well in the eastern suburbs of Melbourne.
Cheers
Oscar
Just out of curiosity, why don’t councils charge the full 5%? It seems to me a subdivision in Victoria is much cheaper to do than Queensland.
I wouldn’t bother entering a debate with freckle. Haven’t seen him defeated yet.
biggaz13 wrote:FreckleHow on earth have you made 1115 posts in 16 months????
I decided against trawling through 1115 posts so I’ll ask here:In fact, I will re-ask Geddo’s question from above: Why do you hang around a property investing website when you state “the entry time for property is not now. Hasn’t been for years now”?
I am confused by another comment you made: “Never said property as a class was a bad investment”. Then you go onto explain why property as a class is such a bad investment. Well, a bad investment until certain “fundamentals” have improved. Which fundamentals would you like to see improved before advising everyone to jump into the property investing marketplace??
You made this interesting comment: “If the dollar keeps falling you might see the large markets struggle as overseas investors pause or some prefer to liquidate and move to other markets”. I was under the impression that if the A$ continue to fall then it would actually encourage international investment as investors will get more bang for their buck.
You appear to expend a lot of energy advising people not to buy property as an asset class until fundamentals improve. What asset class do you advice people to enter for wealth creation?? If any?
Flush. Oops. There goes the Perth market down the crapper. It might drift lower. It might not. Mandurah?? Is there a correlation between the Mandurah property market and the market in Perth??
You state there will be a “substantial correction” in the value of properties in Australia. For this to happen Australians selling their property will have to accept a substantial loss if they sell. I suspect many Australians would rather hold the property than accept a substantial loss.
I used to get this daily email: “Money Morning” and “The Daily Reckoning”. Wow. Some of the most negative financial news you could get every day in your inbox. The worldwide collapse was imminent. “BUY GOLD” they screamed (Silver was ok to). “SELL YOUR HOUSES – Market correction 30% – 60% around the corner”. Well that was back in 2010. Maybe one day their message will be vindicated. But not today. I couldn’t stand their negativity so I deleted the subscription.
Go well Freckle of Mandurah.
