Forum Replies Created
Karan,
I was just thinking that no new properties are really positively geared. Try buying a $300k 1 bedroom new apartment and getting $600 a week rent- not likely, even though the numbers always look good on the glossy brochures.
The only properties that can be pozz geared are the cheapies or some blocks of older style units, or some commercial properties. but new apartments? Never
Of course, I’m always up for different perspectives on this
kay henry
Karan,
Sounds like fairly commonsense info they provided, and it’s not info that focusses on OPM (Other People’s Misery).
As to some of their information, I have a new rule for investments. buy post-1985. (14th July 1985 construction) because these allowances apply from then. So you can still buy a property that’s 18 years old and still qualify for the allowances! A quantity surveyor must supply to documentation for the Allowances or the ATO isn’t interested.
As to buying around the median range price- well, that’s all good unless you can’t afford it! Some of us would prefer 3 cheaper properties, or can only afford one cheap property. I guess what you buy is based upon what money you have
Seems these folks are providing info that makes people seem to think the properties the company are sourcing might be the better ones to purchase? As with most seminars- even free ones- there’s an agenda somewhere.
)kay henry
Sooshie,
I haven’t seen posts about moderators not needing skills- I do believe any person charged with such responsibilities (of ensuring a forum remains a place for all of those interested in the topics), can do it well or sometimes poorly.
From what I have seen of your posts, you have a mature approach to it. I’m not sure all moderators become demi-gods, but then, I’ve never been one to believe in gods or gurus
I think moderators who maintain a sense of calm (when all others are losing their heads) make everyone feel safe. I imagine moderators enjoy undertaking the role, and that they see it as supporting something they believe in, or they wouldn’t do it. As with all of us, it’s a matter of expectations, and as with all of us, noone’s perfect :o)kay henry
Thanks Celivia for your vote of confidence
) And Rubbachook, you can keep your fantasies- I am in fact a woman [:X] Straight male with a fantasy about lesbians? Now that’s new []I can’t give prizes for achievers, because I’m an anarchist
) and I believe in equality etc, but thanks to all those who can engage in discussion without losing control. That’s what makes this forum worthwhile to me. You know who you are.kay henry
annaw2, you said:
“Sounds like your studying welfare or something like that? At home every day I watch the wallabies, echnidas, the odd koala, leave out the wild birdseed, that’s rural living – how lucky can you get.”
No Ma’am, not studying welfare. It’s just that, over 37 years of life, I’ve developed some perspectives, and it’s fun to think about stuff
)In fact, I work at a University and give about 3 conference papers on research I’ve undertaken throughout the year, so I get to go to some lovely locations.
Where you live sounds fantastic, anna! Lucky you! And the people up here in qld are so *naturally* friendly and unpretentious, I swear I’m thinking of moving here!!
kay henry
*pats poor Celivia and promises not to make her think
)uncivilised :o)
Some might think a BPI is like a pink slip for a car and should come with every house that is for sale- and paid for by the vendor.
I guess you could check out how many BPInspectors there are in the town/city you are buying in. If there’s only one, he or she will probably give you similar results to the first inspection report!
Of course, since the BPI was done, the vendors could have played “punch the wall” games, and so it may not be current
People on here might advise you to get another report done. I tend to think you can check it out for yourself, and see what you think. I don;t know if the vendors would be in some conspiracy with a dodgy pest inspecor- it seems unlikely- perhaps the vendors just wanted to provide the buyer with a pink slip as a sign of good faith.
Dunno
kay henry
You can buy in the next couple of years, but why pay 300-400k for an apartment? Or why pay 45k for a dump? And why buy “firesale” places and profit from OPM? (other people’s misery).
Property investors can always find places at reasonable prices. I for one, will not be waiting until the “carnage” or “bloodletting” or whatever.
Yeah, yeah, i know… buying from someone who’s foreclosed is just “helping them out” right? Well, it is if you pay fair price for it. Bill put up his “selling for top dollar” and everyone wanted a piece of it. Well, we can sell at a fair price and *buy* at a fair price. Bill, btw, I enjoyed that post, but I am just trying to say- what’s good for the goose is good for the gander. It was no personal criticism about your post :o))
And i know the “it’s just business and if it’s legal, I’ll do it” stuff. For me, the business of buying houses is much more than that. If prices increase naturally, well, lucky me… if they then decrease, well, time to keep the property!
Firesale mentality is mean. If we question the ethics of some methods of RE, then why not question others?
Waddya think Bill (and others)? I’m interested in people’s perspectives- how far do out ethics go?
kay henry
PS hope what I’ve said here is clear- if not, i’m happy to clarify
) And Rubbachook, you can keep your fantasies- I am in fact a woman [:X] Straight male with a fantasy about lesbians? Now that’s new [
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