ok I am with you now. apologies.

It seems that the issue isnt the address, it is that at least half your property is on a main road. Others that are selling that are further down the less busy road don’t have the same issues with traffic and road noise that yours does.

when you draw down equity to live off the additional borrowings are not tax deductible against your income. Your position continues to get worse over time. There are also no gurarantees that property prices will continue to increase from the very high levels they are at today.

I certainly won’t be selling property in the first 12 months just to make the 250k mark (and get hit with capital gains), would have to be based on valuation.

It will be interesting to see just how much information we would share with one another, my current strategies are very much based on location and specific property types which would rarely…[Read more]

Scary stuff happening in China right nowhttp://www.ft.com/cms/s/0/ea14130c-d46e-11de-a935-00144feabdc0.html?nclick_check=1Fears of China property bubble By Jamil Anderlini in Beijing Published: November 18 2009 23:09 | Last updated: November 18 2009 23:09A large bubble is forming in China’s property market as a result of Beijing’s credit-driven sti…[Read more]

I wonder if this is the same property some other guy in another thread is trying to weasel out of.

Nic, do you actually mean the settlement date is today, or do you mean that this is the last day you can exit the contract due to finance?

Going unconditional would have happened far in advance of the settlement date.

The only thing showing green shoots in the USA is the dow. Unemployment is still rising at 300k a month, house repossessions are still growing faster than they can be sold and any potential improvements in the economy are only due to printed money and adding huge debts. At some point either they stop borrowing, so the stimulus stops, or they keep…[Read more]

My first thought when reading was the same as Terry’s, I thought PPOR was exempt from land tax.

Is selling half the property (or just 1 acre) now an option under the current zoning laws to reduce your debts and retain the rest for full subdivision later?

what are you investing for? cashflow or growth or both?

how much are you having to borrow for the 300k investment?

for example, if you don’t have to borrow lots and are looking for cashflow positive, here is 10% return with low strata and high…[Read more]

Thanks Terry,

Thats what I was concerned about.

My other idea is lending myself money from my super fund at 10% return. Does anyone know if this is allowed under a SMSF?

I don’t have enough in my super fund to get a loan on its own, but would have enough for a property deposit for me personally.

you can buy it by attending steve’s seminars that he is running at the moment. $50 for the seminar and $580 for the master class pack. you also get 2 tickets to his 3 day seminar for next year. i just ordered mine tonight.

A foreigner can't own land in philippines, but you can buy a condo.I understand that you can own in Thailand though. No idea about the rest.

Hi alfy,

My friend built with them recently in Dalby and was very impressed with their service and the house.

Just a few things to be aware of:
– Miles may be a better location for rental. The rental market there is already tighter and is expected to continue to be
– Make sure you get ducted aircon throughout, it is worth the extra money. My…[Read more]

Here’s some peace of mind in a timely article for you.

http://www.smh.com.au/business/rios-pilbara-mines-operating-at-full-tilt-20091110-i72c.html

Thanks for your input. How much deposit did you need for your purchase? I am hearing of a number of sales falling through in mining towns as banks are requiring 30% deposit.

Thanks Richard, appreciate your input as always.

I have just looked up a table from Genworth here http://www.genworth.com.au/cms/groups/webcontent/documents/document/p_000543.pdf

Gladstone 4680 Category 2
Moranbah 4744 Doesn’t appear under category 1, 2 or 3
Dysart 4745 Doesn’t appear under category 1, 2 or 3

I am hearing that banks are…[Read more]

There may be a shortage of student accommodation, but they aren’t in a position to pay any more for it. There will always be a ceiling.

There are some fantastic products available for people earning income overseas, unfortunately they require significant deposits.

If you saved for another couple of years to have another 80k you could seriously look at a product like this

http://www.exfin.com/foreign-currency-mortgages

Using this type of facility would result in extremely low…[Read more]

Could you please post the site.

I get regular updates from Phil Jones (a kiwi now based in US) who is a strong advocate of these sales, are these tax liens?