Total Members: 159,079

King of the Castle

  • King of the Castle replied to the topic Property bust not here yet … worse to come in the forum General Property 18 years, 1 month ago

    Hi,

    I’m thinking about entering the Brisbane property market as an investor in mid 2007, (currently overseas), and I’m worried that the property will lose value over the next 5 years, ie, negative capital growth.
    I’m only worried because I plan on using 100% finance on an interest only loan due to a lack of capital.

    I know that growth ra…[Read more]

  • King of the Castle replied to the topic IP Management Services Fees in the forum Creative Investing 18 years, 2 months ago

    Wow, with all the annual fees that are required to successfully maintain an IP it’s a wonder that anyone breaks even, let alone being positively geared.
    It’s almost enough to be turned off real estate as an investment option.

    I suspected that a property management company would be bound by those laws that apply to trusts and other financial…[Read more]

  • King of the Castle replied to the topic IP types & returns in the forum General Property 18 years, 2 months ago

    Thanks for the feedback Tammy.
    : )

    I was referring to the Gross income from both property types. It might be helpful to illustrate my point with an example.

    Eg. Both a city apartment and a townhouse in an inner suburb are selling for 330,000 (both 2bdr).

    Rental income for the high-rise apartment is $450 per week (7.1% Gross ROI).
    Rental income…[Read more]

  • King of the Castle replied to the topic Borrowing more than 100% LVR in the forum Finance 18 years, 2 months ago

    Thanks Josh, I will definately look into it.
    Cheers.
    [king]

  • King of the Castle replied to the topic Borrowing more than 100% LVR in the forum Finance 18 years, 2 months ago

    Thanks Richard,
    I guess the best thing for me to do is to start small by saving enough to cover the costs of purchasing one or two ip’s rather than borrowing more than the value of the properties to cover these costs.
    It’s just frustrating having to wait on the sideline while I save a few thousand to cover stamp duty. Such is life.
    Cheers.
    [king]

King of the Castle

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