Yeah, as I said, there are dozens of properties under 100k in Vic. There are in all states.

kay henry

Well, all one has to do is go to realestate.com.au, go to the state of Victoria, go to “priced to $200,000; tick “include surrounding suburbs”; go to “view by price”, and a million pages come up. Most of the first, say, 6 pages, are boat sheds, car parks, shops and trailers. But once you get past that, there are a heap of properties under 100k.

kay henry

There are dozens of properties in Victoria for under 100k.

kay henry

brendon, it really depends on what you’re looking for. A mortgage broker can tell you how much money you can borrow, but would be unwise to “advise” you in your general affairs- one has to be licenced to advise.

Brendon, don’t you have an accountant? A decent accountant will look at your situation and advise you, and won’t be trying to flog off a…[Read more]

Tru,

You might want to try this link out for a start- shows you places where you can do the TAFE course in Vic:

http://www.consumer.vic.gov.au/cbav/fairsite.nsf/pages/of_homesrent_ea_tafe

Given your academic background, you might also want to do a degree in some aspect of RE- land economics, becoming a valuer etc. Most Uni’s now offer these…[Read more]

freedomfighter,

It is suggested that if you spend the extra $15-$20 a week on petrol, you won’t be spending it elsewhere- opportunity cost, I guess… it all balances out.

You asked about people’s situations… I walk everywhere and my car sits in its little cage. I used to commute- an hour and a half to work each way- by car or train… and…[Read more]

gregss,

Use caution with getting LMI on your one horse town. I think LMI is only appropriate in a rising market or on growth properties. In 2004, none of our properties might have capital growth… but your one horse town might have even less. LMI can set you up for negative equity. It may be better for you to save a bit longer for the deposit.

kay henry

tsk, Monopoly. The article was from 2002, and I posted it so that people could see how the CPI is calculated.

I actually said:

“Products and services are weighted, so it may be that whilst oil prices have risen… the cost of fruit and vegetables has reduced- go figure.”

I was suggesting that now, while oil may rise, other goods and services…[Read more]

freedomfighter,

Oil/petrol is only one aspect of a decision to raise IR’s- it’s only one item in the basket of goods (and services) that measure the CPI:

“the inflation measure took into account 100,000 price readings from 11 categories: food, alcohol and tobacco, clothing and footwear, housing, household furnishings supplies and services,…[Read more]

If people look at 2004, and pretend we have no property… then what would we do? Negative gear or positive gear? Let’s look at the Australian market as an example.

Most properties are not achieving 10% yield- except in mining towns (higher incomes of tenants) or remote areas. (perhaps a high unemployment rate and rents are limited to ratio of…[Read more]

Terry,

This kind of re-regulation doesn’t surprise me. I guess Banks are now doing their own level of micro-economic reform to dampen spending and lower their own risk levels. 105% loans will be the next to go, I reckon. At least this reigning in will perhaps keep a lid on IR’s.

LMI is a waste of money in a damper market. It might have been a…[Read more]

Globe,

There would be a heap of articles online about how much the expenses are on a property. Go to google.com.au and type in “expenses purchasing maintaining investment property” and go to Australian sites only. It will come up with a heap of articles for you to read.

There are also a heap of mortgage brokers on this forum, but just because…[Read more]

Redwing,

Yeah, I thought about that as soon as I wrote it and couldn’t be bothered to do a please explain- hehe.

This is how I see the link… the only way for the market to really dampen- in a significant way- is for the RB to intervene. So I think an IR rise will really chill the RE market, and hence, housres will become more affordable. A…[Read more]

elika,

From what I’ve read, it is thought that IR’s will rise, by probably .25% in December. They won’t rise during an election- the RB wouldn’t mess with people’s heads like that- or mess with the major political parties.

Basically, the economy is healthy, with over 4% growth, and spending is still high- due, amongst other things, to recent…[Read more]

Heya calvin

I just wanted to ask about your plan of 5 IP’s in 10 years. How are you doing that? Do you have a $$ limit on the amount you pay for each IP? Do you make sure they are CF+ places? Are you paying off extra on them per week to build up equity? Are you buying and holding or using some other strategy? When did you start?

I ask these…[Read more]

Scottybe,

I speak to my accountant on property investing matters. I am not so much interested in the technical stuff (I never tend to “get it” anyway but he has a good head for trends and he’s an ideas man.

A lot of financial advisers have a product to sell, so their information is not independent or unbiased. Their services are probably…[Read more]

Originally posted by mdpearce:
… it seems like everyone is sitting on the fence a little when it comes to whole heartedly backing +ve cashflow as the best property investment strategy. Would I be right??

Electric

Electric,

I think you’ll find there are all kinds of investors on here. But if we were all only after CF+ properties, noone would…[Read more]

Yorker said:

“Are you prepared to pay for good quality information or are you content to rely upon freebies prepared by junior punters?”

hehe, Yorker… that kind of statement sounds like the worst kind of marketeering… and it makes a few assumptions:

(1) that free stuff is useless;
(2) that if if an investor doesn’t buy stuff from you, they…[Read more]

As the others have said, flipping is strategy that was marketeered a few years ago, by people like Henry Kaye. It was in a very different RE market (a rising market) where people could basically set their own values. It was also in the days hwen OTP properties were considered to be “discount”- as in “you’ll be amazed how much this property is…[Read more]

Domo,

It sounds as if you’re having a bit of analysis paralysis around this renting issue. You’cve asked about relying on PM’s to give you an estimated rental value, and it seems they have all given you the same figure- ten bucks less than you want. PM’s know the market- that’s their industry. As peterp said, forgoing the extra ten bucks a week,…[Read more]