The other factor that comes into play is … how long you wish to keep the property for???  If long term … the economic cycles and time will aid the property capital growth.Also consider tax deductions and gearing factors …. speak to a good accountant.

wealth4life,The lastest job listing figures were just released last week … $20,000 jobs vanished from last quarter.  For this reason it is now unlikely that rates will rise this year … but it is not totally ruled out.  It's a delicate balancing act to not crash the economy but get households to cut their spending to slow an overheated e…[Read more]

Not everyone wants to subdivide it themselves,This is why there are many opportunities out there if you look and do your homework.  Everyone has different skills and weaknesses.One of the reasons vendors dont subdivide themselves is often because they dont know how to do it and are fearful of trying …. sometimes they inherit the land or have…[Read more]

Hi Shel25,I agree with Shane   you definitely need to make sure you are clear on the subject to finance clause in your contract.  You especially need to be careful if you are in NSW.  There are a number of lender that will look at your employement status bases on consistency including your last jobs … provided that a/ You are doing the same wor…[Read more]

Hi Mickboy,The first thing I can suggest is that you educate yourself in whatever decisions you make involving investing … whether it be property, managed funds, shares …or even a business etc ….. the reason most people fail is due to lack of education and making highly emotionsal rather than logical decisions ….What city are you in?  I…[Read more]

Michaelparis,Firstly, I'm neither chasing your approval of my credibility nor scamp of my approval.  You must remember this forum is designer to help people and people must understand if you are going to post stupid comments … there are consequences.  Besides … just as scamp has the right to post idiotic comments … I also have the right to v…[Read more]

Italian Dragon,I lived in Adelaide for many years until recently … I also agree that it is not likely that the property prices will double in 10years but they will continue to rise.  In spite of the economic conditions …. the defense contracts and the mining boom will hold the SA economy relatively stable for the next few years at least ….…[Read more]

Scamp … please stop posting ridiculous posts in this thread … you're an absolute idiot and have not a clue about the Australian Market.  Figures you are quoting for Varsity are idiotic …. you're making yourself out to be more of a fool every post you make … give up!!!NO ONE TAKE ANY NOTICE OF ANY POSTS WRITTEN BY SCAMP!!!  Varsity will g…[Read more]

As far as the GC is concerned … I agree with you GMH … I think it is overinflated … especially on the high end ….. but you can also still get some goof buys there too … you just need to know the market ….. it's always supply and demand …. because of the migration into the GC … it wont do so badly but i still expect it to drop.

Oh Please scamp …. tightening of credit is a normal economic policy in times of an overheated economy.  We've had tighter credit for the past few years and over the past 12 months it has been more difficult to get loans with poor credit.  But that is logical right???  The Australian market is NOT like the USA market …. but yes people are sp…[Read more]

Scamp,You definitely havent done your homework …. and you definitely dont know the Australian market… Maybe because you dont live in Australia???  As I said before … I do agree that housing prices will drop …. and I do agree that the market will recover in about three years …. but your evidence and figures etc are disgraceful…  You c…[Read more]

Scamp,With the ratios I was quoting relative serviceability calculations that the banks use to determine the affordability …. I wasnt quoting what you 'Should' borrow … naturally you should borrow less rather than more, ideally no more than 80% if you can do it.4 times borrowing ratios are the maximum you will getfor owner occupied and for…[Read more]

Which suburbs you focus on would depend on what your budget is.  North Adelaide, situated right next to the CBD (overlooking it actually), is a beautiful leafy blue chip suburb which is said to be set for the mining companies to house a lot of their Head offices for the Mining up North.  Salisbury, Munno Para, Elizabeth etc in the Northern s…[Read more]

You might like to cast your eyes on South Australia …. and No I'm not selling property there! (for the sceptics).  I've been watching the market in SA and Adelaide is being dubbed 'The New Perth' …. I live in Queensland ….watch the articles currently being written.The reason for the mini boom in Sa is the Defense Contracts buildign S…[Read more]

This is to post such as Scamp and similar …what you are neglecting to remember is that the elements of supply and demand govern the market.  For you to understand the market well you need to understand the local market.  Many capital cities are struggling to meet the housing demands.  I saw one of your other post (scamp) saying that the av…[Read more]

I agree with Richard,Although it is good to remember and debt is worthy of being reduced if you can… ie we are always better off without the debt if we can help it.  But Investment debt allows us to leverage.  When paying Interest only, you should remember that you can pay extra when you like … therefore treating it as a P&I but with the f…[Read more]

Morning Benhaman,As a beginner, one thing to remember is the more research you do… the more aware and prudent you will be.  You will probably already understand that … what you focus on … is wehat you see!  and the reverse is true too … what you don't focus on… you wont see!  Therefore ask lots of questions everywhere you go and as a su…[Read more]

Matt,I am a qualified Mortgage Broker …. I don't charge Brokerage and focus on service, support and coaching.  I have an office in Springwood and another on Petrie on the Northside.  Feel free to contact me to have a discussion and see if you agree with how I work.  I'd be happy to assist you in your goals.RegardsJohn Maxwell0403234234JJM Fi…[Read more]

Thanks Guys for your suggestions,I've sourced the monies required from private funds offerring 16% p.a. for 2 years.John

Thanks for the posts Richard & Tracey ….Tracey, I don't have the time to get the credit cards at this point in time ….Richard, I just settled one with ANZ last month w/- Business Plan & Cashflow forecast … but got a snag with the next one.But thanks all the same …. hopefully I'll have private funds arranged by tomorrow & St George are…[Read more]