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MJK
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@mjk
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June 25, 2003 - 12:22 am
Sounds way too complicated. In the end the 15-15 doesnt mean anything its your tax return that you will be assessed on. The 15-15 is an interim assessment which improves cash flow.
MJK
MJK
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@mjk
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June 11, 2003 - 5:56 am
New Investor,
Yes it is a negative if you are capital growth focussed but if the numbers stack up for you, in income terms, it may still be OK for cash positive investing.
MJK
MJK
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@mjk
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May 29, 2003 - 2:03 am
Thats right Steve, we all have to be educated. Thats what I like about this forum.
MJK
MJK
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@mjk
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May 29, 2003 - 12:24 am
I’m with you see my post ” inflation ” .
MJK
MJK
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@mjk
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May 28, 2003 - 7:29 am
Thanks for your reply Michael.We did get onto some of these guys in the end.
Cheers
MJK
MJK
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@mjk
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May 26, 2003 - 11:31 am
David,
How does one get hold of this West Australian Report if one is a Melbournian?
MJK
MJK
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@mjk
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May 26, 2003 - 11:29 am
Trueblue,
Thanks again for the info.
MJK
MJK
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@mjk
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May 26, 2003 - 7:30 am
Thanks for those replies. I’m trying to get educated. What about canning vale ? Although I’d like to buy a new property, area where there is too much land take a long time to become scare commodities ? Any thoughts ? I’ll have a look into Mandurah, Broome and Carramar.
MJK
MJK
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@mjk
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Post Count: 157
May 26, 2003 - 12:46 am
You could get the property revalued in writing by a professional & respected valuer and then present this evidence to the bank, No garantees they will accept it because usually they like there own valuers to check it out.Maybe you could ask the bank to revalue for you ?
MJK
MJK
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@mjk
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May 25, 2003 - 11:33 pm
Dorothy,
My opinion is that you would only look at Ballarat or othe rural towns if you where after positive gearing and at the figures you mentioned they would be negative. Capital growth in rural areas is more of a bonus than a sure bet and I would think ( looking into my crystal ball ) that Ballarat would be more likely at its peak than not. But who knows. My opinion is that if you are going to negative gear at least do it in high capital growth areas such as CBD 10-15 K radius or near water etc.Victoria is pretty tough at the moment! Anyway that my 2 cents.
MJK
MJK
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@mjk
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May 14, 2003 - 4:28 am
Thanks for your reply Minimogul
MJK
MJK
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@mjk
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May 14, 2003 - 4:11 am
F J O,
To answer your question 7% represents the empty units.Close to one in ten. That means competition for tenants is fierce. I would not like to be one of the ten forced to discount to a 3% yeild to get a tenant. Rule of thumb for many years has been no higher than 3% vacancy is acceptable.
MJK
MJK
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@mjk
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May 13, 2003 - 2:59 am
Michael,
May I be a sticky beak and ask what suburb/state this reno is?
MJK
MJK
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@mjk
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May 13, 2003 - 2:06 am
Or maybe become a patron.
MJK
MJK
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@mjk
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May 13, 2003 - 2:04 am
Spocky,
The point is on this web site people are focusing in positive cash flow. Capital gains is a bonus if it comes but if it doesn’t you still make money. The idea is to buy a hole string of positive cash flow properties like building blocks to a positive/ passive income.
MJK
MJK
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@mjk
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May 13, 2003 - 1:51 am
Minimogul,
Just to move away from sex for a moment.
Did you say 29% in NZ. Can you post some suburbs worth looking at mate.
MJK
MJK
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@mjk
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May 13, 2003 - 1:42 am
I recenty read an article from the Financial review which suggested that vacancy rates in Melb CBD apartments are at 7%. Most property people advise not getting involved in areas above 3-4% Also rents are way down and there are thousands of new apartments still to hit the market. Be very careful. Why not look in the suburbs. Land is not duplicatable in established areas.
MJK
MJK
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@mjk
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April 16, 2003 - 5:38 am
Ziz,
Could you tell us what the comfortable debt level you mentioned was ? Could you expand on your early days strategy ie. what you were able to achieve in say 10 years with property alone. It sounds like your early focus was on -ve geared property, but by the sounds of it the portfolio has become +ve today. How did this transition occur.
MJK
MJK
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@mjk
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April 15, 2003 - 12:02 am
Paul,
Now you have contributed in a helpful way! I congratulate you on your achievements and encourage more positive input from you.
MJK
MJK
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@mjk
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April 14, 2003 - 5:57 am
One might suggest that the biggest risk in investing is “not doing it”, but I’m sure your after a more practical answer so Ill leave it to someone else.
MJK