From ABC news online today http://www.abc.net.au/news/2017-03-15/investors-to-be-hardest-hit-as-banks-reprice-mortgages/8356294

“You know what” is about to get real people…forget what you think about Australia and migration, supply and demand, what is being built on the corner etc. Bank financing is based on global factors not Bob and…[Read more]

G’day
Firstly the following is an opinion, but if you spend 3 hours on the DNC website you are somebody that researches so you most likely have covered what I’ve got to add.
Did you obtain their number via ethical/legal means?
Do you have knowledge of future planning, council decisions, commercial ventures that have been obtained via…[Read more]

Howdy folks

I discovered there’s a whole lot more to this story over on the Whirlpool forums……more cautionary tales about this business

http://forums.whirlpool.net.au/forum-replies.cfm?t=2427434

G’day

sorry to hear of your experience, your detailed post hopefully encourages others to be cautious, so thank you for sharing.

As you now realise there were several areas that required your own DD, particularly zoning if that was the catalyst for choosing that property but like you said you were time poor and thats why you pay for a…[Read more]

Hey Parky

you already know which way I feel the market and rates are going, but this may interest you if you haven’t seen it already……make of it what you will.

Interesting that the prediction for Sydney and Melbournew is so wildly different between NAB and SQM. Is SQM statistically analytical only whilst NAB may be a combo of statistics,…[Read more]

I agree Benny ol mate, pain is ahead…how can it go any other way?

Most people think 4% home loan rate is normal and will stay that way, yet not that long ago there were warnings to people borrowing at 6-7% saying factor in at least another 1-2% minimum as a buffer.

Refer http://www.rba.gov.au/statistics/cash-rate/ and look at the graph…[Read more]

Now onto working out the timing of the sale which I think could be towards the end of 2018 when rates start to rise.

Two years away??? You’re kidding aren’t you? If you mean bank rates, its already started and will accelerate much quicker in a post Trump world. My semi educated guess is 2-3% increase by end of 2018. Remember they have been…[Read more]

Now onto working out the timing of the sale which I think could be towards the end of 2018 when rates start to rise.

Two years away??? You’re kidding aren’t you? If you mean bank rates, its already started and will accelerate much quicker in a post Trump world. My semi educated guess is 2-3% increase by end of 2018. Remember they have been…

[Read more]

Another thing to double check is council rates, on commercial property they can be 3 times those of residential for the same land/area.

This varies from region to region but power and water may be charged at different (higher) rates as well.

Being commercial, GST may apply which you as “Joe home buyer” cannot claim back………….really look…[Read more]

This is from ABC (Oz) online news today

http://www.abc.net.au/news/2016-11-15/the-trump-financial-revolution-and-how-it-might-affect-you/8026044

I realise and accept there are probably just as many opposing views out there. I’m no expert, just someone who takes a real interest in this stuff and as a homeowner and investor I have skin in the…[Read more]

Ask yourself these questions:

How healthy was the US economy before the election?

What monetary policy, tactics were available that were yet to be implemented?

How healthy is the Australian econmy?

What monetary policy, tactics were available that were yet to be implemented?

Where is Australian property on the property clock?

Now.
What $$…[Read more]

Again, not knowing many details such as size wind direction, building materials of the potential house etc, but chlorine and its gases are highly corrosive……wrecking aluminium window frames, colorbond roofing, wiring not to mention simple things like TV connections and internals.

Ask a poolshop owner how long they get out of a computer

The fact you are asking the question here answers your own question.

If you have an inkling of doubt because of it, so will the next potential buyer etc.

Without knowing the facts etc, unless it was part of a commercial expansion either now or hoped for in the future I personally wouldn’t go near it. Having said that if you proceed, get an…[Read more]