Robert,

Can you refinance with Residex, or is it new loans only. I still owe $180K on my PPOR which is the only loan I have at the moment as I cashed in the IP to pay down the PPOR. The house and land cost me $650K so I guess owing only $180K is a pretty good position to be in, current valuation circa $800K.

I’d love to refinance to interest…[Read more]

Jenny,

You can still get the odd bargain in Dubbo itself too. This little gem crossed my path today…

http://www.realestate.com.au/cgi-bin/rsearch?a=o&ag=&s=nsw&c=65556384&tm=1105329694&id=101967382&f=0&p=10&t=res&ty=&snf=rbs&cu=&fmt=&header=

Its a real cheapie, but with a lick of paint you could probably get the rent well up from $80 a week.…[Read more]

Steve,

I think they’re great, as I said in the first thread on them when they first appeared.

But, can I suggest that you adjust your template so that you include a space character before and after the word you want to link from? i.e. “[]map[]” instead of “map”. In this way you won’t get all the weird links where the word forms a syllable of…[Read more]

Rich,

Welcome! And you’ll find the forumites here really friendly (for the most part [biggrin]) and happy to help.

My 2c would say definately hang on to it if its CF +ve, since its not costing you anything. This assumes its a good investment and will show some CG. If the profit after tax plus CG is likely to be less thann your mortgage…[Read more]

I wanted to watch it, but didn’t realise when it was on. Shame I missed it, I’ll try and catch it next week.

Cheers,
Michael.

Guys,

Just read this thread for the first time. If there are still a few likeminded souls out there that haven’t been dissuaded by accusations of elitism, then I for one would definately be interested in a mechanism for meeting outside of the forum.

I am Sydney-based and 34 and very keen to develop a positive, energetic network of like-minded…[Read more]

Richmond,

Mid-300s? Wow, that is starting to come back. I’m watching postcodes around my area and they are coming off the boil. But I too think they’ve got some more to come off yet.

Patience is a virtue, I know. But if there’s one thing I’m not good at its “doing nothing”. I hate sitting on my hands so to speak.

I guess if I look at it as…[Read more]

Yack,

I personally have now learnt the resilience lesson! [biggrin] I’m ready to invest for the long term on a neutral, maybe even slightly negative CF balance and sit tight. Unfortunately, now that I’ve learnt the lesson, the market is not ripe for me to get back in. I’ve got to sit on the fence and wait for the worm to turn.

I guess it does…[Read more]

Jake,

You’ve got the right stuff, I can tell. And with a string of mentors helping you out, you’re sure to go far. You’re already ahead of most of us. I’ve never had a mentor and have had to figure it all out the hard way. I’m 34 and nowhere near where I expected to be by this age, but there’s still time for me to get it right with what I…[Read more]

Hi all,

As always this is a question of circumstances. But based on the information given I’d suggest the plan B approach of +ve geared portfolio followed by PPOR. I recommend this based on the “struggling” line in the purchase PPOR first approach. To me this means it would take ksb7 a long time to purchase and own outright their PPOR. In…[Read more]

Nice Post.

White Knight too….

I like the description, and it does sort of ring true as well.

Cheers,
Michael.

Robert,

Nice post. I’m 35, so borderline I guess, but all the stuff in your post rings true.

Its a shame the world has changed as much as it has from those days. Its little wonder Australia is rapidly catching up with the US with our obesity epidemic. Bring back go-karts and back yard cricket I say! (But, I guess you’d need a backyard to…[Read more]

Johan,

Welcome, noticed it was your first post so thought I’d pitch in with some help…

The question of whether it is still worth pursuing if it is slightly -ve is one of your investment strategy. If you envisage positive CG then a slightly -ve cash flow should be offset by CG and still deliver a positive return. Not everyone is into negative…[Read more]

Lumwood,

There’s been a few threads on this topic so do a search and you should find some answers with links. The short of it is though that they’re not for free. Aussie Mortgage Market has a free postcode analysis which shows median prices by bracket for the last 5 years as well as rental yields. Its not updated that regularly, but is good…[Read more]

DanandFi,

he he, yeah for the title, just hover over the link in your own post… [biggrin]

Cheers,
Michael.

Steph,

Nope, I’m not a lawyer, the wife is the only one in this household. You’d be surprised how many Michael Whytes there are, even with that spelling!

C@34, I second Steph and say Good on You! My wife and I have already talked about taking my father in to our place when my mum passes on. He’ll outlive her by thirty odd years based on…[Read more]

Oldchick,

Welcome! I’m sure you’ll get quite a few replies to your question so I might start the ball rolling with my humble 2c…

You’re doing the right thing and clearing your debts is the obvious way to get started. Get yourself bad debt free and then use that spare cash flow to build a little deposit. This will help with your borrowing…[Read more]

Robert,

Good points. That’s why I use AAPR though, and not nominal rates. I think most investors now understand how the fees and charges can ratchet up the costs over the term of the loan and need to be factored in to the total.

I think there is definately a role for brokers though. I’ve contacted one on this forum myself already. But I…[Read more]

And to get there is no small feat. Peter Spann made $10M in 10 years, but his leapfrogging technique meant this was all encumbered. Now to make $10M unencumbered he’d have to sit on that for 10 years until it doubled in value to $20M, 50% encumbered. Then you’d have your $10M in equity to retire on, but that’s a 20 year plan. I think I want my…[Read more]

Tait,

Sit tight. You’ve put the word out now and I know there’s a few Bird Doggers that frequent this forum. I mentioned an interest and got 2 PMs within a few days. If you can’t wait then you can look DD up in the members section and PM him/her yourself direct.

You’ve done the right thing by asking the question. Now let them come to you.…[Read more]