Originally posted by MiniMogul:
Interest rates high, rents rising, property prices, errm, ‘flattening’, time passing, people going off properties, more sellers than buyers- when those conditions start to dig in you will find the deals again.

Nice try Mini, and ideally, one would hope so. However, all these factors, albeit they occur, do not…[Read more]

Just sent you a PM and an email Simon. [biggrin]

Jo

SS = Somersoft

I tend to like the over use (abuse???) of !!!! and ???? that so many find annoying!!! [blink]

But my real favourite is IMHO, which was explained to me as being In My Honest Opinion, when in fact, I was later correctly informed as being In My HUMBLE Opinion, hence to avoid any upset, I just use IMO (plain old, In My Opinion) which is good enough…[Read more]

Yes Luckyone, you are definitely splitting hairs!!

The rent is normally calculated monthly using the first formula you provided to work out “calendar month” payments. And although, technically as per your daily calculations, you are indeed losing approx $4 per month (which is hardly a huge loss), the first calculation assumes that EVERY year is…[Read more]

Hello John,

Christmas is months away yet!!!. I understand that your property is yet to be settled, and as such I would not be too perturbed with its vacancy at this point. However, I would suggest that you consider getting tenants into the premises before you take on any of the repairs needed.

Some of the work we spoke about recently, can be…[Read more]

Rose,

I have just attempted to reply to your email, but unfortunately it was undeliverable, and bounced back, hence you may need to take a look at your current email account.

I have therefore, cut and pasted my reply to your email in a PM, and forwarded it on through this site.

Either way, as we discussed earlier, the house you are inspecting…[Read more]

Hi Rose,

I have just sent you a PM.

There are several options I guess, and it depends on what you feel most comfortable with.

I’d imagine with 3 growing boys you will need the space, and perhaps upgrading to a bigger home is the best way, however, there are still alot of larger homes around that can accommodate large families for less than…[Read more]

Hello Rose,

How’s things??? Long time no hear/read!!! Good to see you back in the forum!!!

I’m afraid as far as positive geared IPs in Victoria, they are difficult to come by, and although they exist, are few and far between.

You may need to look interstate, although again, positive geared IPs are rare in other states too. Aside from this,…[Read more]

Per room, 2 or 3 bedroom places don’t necessarily achieve more than city 1-bedders.

True Kay,

This is because of the so called “trends” and the increase of one person households that is indeed occurring. However, although one bedders can (and obviously trends suggest they currently do) achieve better rests, IMHO history has proven that trends…[Read more]

Are they Bbruham???

Oh well, there you go, you learn something new everyday!!!

Thanks Bbruham, it’s always good to learn from someone who really knows their stuff!![winking]

Cheers, [thumbsupanim]

Jo

Hello Simon,

Firstly I guess, it depends on what it is you hope to achieve from your investment. If you plan to “buy and hold” then your 175K entry level apartment in Melbourne will be fine, but if you plan to keep it for just a few years (<5) and are more concerned with immediate cashflow you could experience a few headaches. There is an ever…[Read more]

Good for you Scott!!!

I’m sure I am not alone when I say, that if I had listened to my friends when I bought in various suburbs, I would not be where I am today!!!

You gotta love the “herd” mentality; it is so predictable!!! [rolleyesanim]

Well done on having the foresight, and ba**s to take a chance, and come out the victor!![medieval]

Jo

Hi Neville,

I can’t say for sure about a web address, but you more than likely got a pamphlet in the mail, yes???

They often run their “free” information seminars at Council Halls throughout Melbourne, but that is about all I know of them.

Cheers,

Jo

Yes, yes and finally, yes!!!!

Spring will turn into Summer, hence carry on into the new year.

Although my crystal ball is currently in for repairs, my GUESS (and note it is only an assumption) is that interest rates will not (if they are to rise) exceed the 1% mark!!!

And finally, absolutely in agreeance….however IMHO if you cannot afford to…[Read more]

There’s a simple explanation Yorker, and it’s not rocket science……it’s called SPRING!!! [sunny] People will venture out more in the warmer climates, sunny days categorically point to lifting of spirits and people are inclined to be more relaxed about spending their money!!!

Winter, or colder months, have the reverse effect!!!

There are…[Read more]

Actually DD, it was moderated, if you take notice (previous page) in the first post, Simon Macks (aka MortgageHunter) deleted bits and commented accordingly, however, it seems the author not only went and put back the deleted section but cleverly changed his/her username (macsbananas to the now prop.com) perhaps to detract attention to this…[Read more]

Materially, yes I did; I lost 3 properties out of the ordeal, which was in effect a small price to pay as I became a happier person without the emotional blackmail!!!

Keep your chin up Property Lee, there is a rainbow at the end of every darkness, and although you may not see it right now, trust me, in time you will!!!!

My thoughts are with you,…[Read more]

Hey residentialwealth,

That’s cool, and congrats on the flukes!!! Yes they do happen, and must admit I have had a few myself, but mostly they have been very carefully calculated moves.

As for the character building…well what can I say???

Will look at the link, and look forward to reading the book(s)!!!

Well done!!! [medieval]

Jo

Sorry to hear that Property Lee; that’s awful!!!!

I’d die without my kids; reckon I would’ve fought like hell, maybe even done the unspeakable before I’d let him take my babies!!!!