As Jamie said it depends.

Yes I do because I want to minimise my weekly spending and maximise my cashflow efficiency. Not having to service the principle component means I get to hold positive cash flow property costs covered by rent (or if negative it still costs much less per week) this means I have more money for my next investments.

Of…[Read more]

Agreed this can be interpreted several ways.
1 – exit deposit capital, this can be done via refinance after equity game.
2 – exit profit – via cashflow to live on (rent) or LOE
3 – exit profit final – ie selling
4 – exit the game – retirement if you really plan on doing nothing.

Personally I don’t see the point of “retirement” when it comes…[Read more]

Nandi welcome to the forum please see the comments above. Marketing firms that recommend new property are working for the developer. You are not the client you are the patsy. Please be careful. You need independent advice from someone who is only being paid by you and no one else. Shire Financial/Shire Accounting is one service who offer…[Read more]

I would agree with this. I just lent a business 65K but it was secured against the business, the stock (including some very sellable big ticket items worth more than the capital) and a personal guarantee – 8% and I did it to help out as it is a lousy return. I see that as almost a gift with break even to make it just barely worth doing as a…[Read more]

I have seen Jamie Moore fix this problem for a number of people he is good with strategy and can set up the right loans.

Are you saying (hyperthetically) imagine a scene where we are the selling agent, and there is another agent with an offer using conjunction? If that is the case I would present the offer. Half a com is better than none and my vendor wants offers.

If that is not what you were saying (I was a bit confused) then please rephrase and I will have…[Read more]

@Terryw conjunctions are fairly common but I have never done one. I don’t believe they work very well for the buyer in most instances. It makes for a cranky sales agent every time. Only desperate agents in very quiet markets accept conjunctions. In any warm to hot market it will fail to get through every time, why would an agent say goodbye to…[Read more]

Actual impact of the games is probably not that big but the mindset it creates is very positive, and there is a bunch of infrastructure spending currently worth considering.

@waydo77 glad you got a result! Well done.

2-4k for a small basic kitchen. 3-5k for slightly better all done.

As asked by Rix and others – tell us your goals. This will encourage a more useful conversation.

but remember there are real costs to the conversion, including basix, fire rating etc

rose,

check out brazen from granny flat approvals he does these on a regular basis under the state laws not just councils. The post is from 2013 but still applies, the SEPP is still doable.

As well as what they actually did with the money (remember they went bankrupt for a reason)

Gday @Steven-B

I was 23 when I bought my first. The unit vs house question can be a bit irrelevant. As Corey said its about setting your goals, then taking steps to move towards them.

My first property (many yrs ago!) was a 2 bed townhouse in Brissy for 65k, but it had renovation upside potential and a desperate vendor. The combo meant…[Read more]

smelly

Welcome Arron,

As you have stated you need an advisor who is not on someone else payroll. I would consider an independent buyers agent as they only work for you because you are paying the bill. Rebaa.com.au is the national association and buyersagentguide.com.au is another great national database. I think you will find 1 or 2 perth BA’s that…[Read more]

The short version is: It depends. On your goals, your level of knowledge, your risk profile etc etc. What I might look for in a regional might be different to you, or someone else.

Start with your goals, then develop a strategy likely to get you there, then buy properties which fit the strategy. Do you want just plain old max cashflow? Or do…[Read more]

risk is lower in southport

I had it almost done, but IMHO the rate cut(s) have given it a bit more room to grow. It still scares me the thought of overpaying there now though, especially when there are so much more attractive buy in options that haven’t come off their low base by much yet.