Hi Jamie,the new house we moved into has Nobo heating. I can't tell you how cost efficient or inefficient they are, but I'm pretty impressed with how quickly they heat up a room. They seem a well made bit of kit too. A bit of a rarity now a days. We've only had them on 1 or 2 nights so far although I'm sure that's about to change. Don't you love…[Read more]

Hi Oto130,

0to130 wrote:
Thanks for the replies and advice. We're both in our mid forties Paullie, and we have 3 kids to put through high school (two still in primary), and (hopefully) they will also want to go to university. I guess to a young person starting out we are considered well off, but I don't think we'll be enjoying financial security…[Read more]

Hi o0tegs0o,

o0tegs0o wrote:
Hi All,

Looking at a house in Melba ACT for those of you familiar – 950sqm block. Thinking of doing up the front property and subdividing off and building on the back.
Does anyone know the min block size in this area of ACT – Is it 400sqm or down to 350?
Also, Is there anyone who has done a project similar to this…[Read more]

Hi Intrique,

Intrigue wrote:
Hello all,I have spent 6 months on this website and reading books trying to understand the ins and outs of property investing, everytime I think I've got it, I realise I dont.. I may be in 'analysis paralasis' but I am hoping you might be able to help me out with this weeks thoughts/confusions.A little while ago I…[Read more]

Hi Jamie,

Jamie M wrote:
Hi Mark

Are you looking at off-the-plan in Canberra CBD? There’s a couple of developments that look tempting (one in Braddon and one near Glebe Park). Once complete the decent yields and high depreciation should see these units achieving neutral cashflow (or slightly negative).

I’d be tempted to grab something locally…[Read more]

Hi all,

Plan to:
– Get a kayak and catch a decent size jewie (mulloway)
– Get fit
– Buy second IP
– get back into bushwalking
– continue reading this forum

—
Mark

I'd be happy with a book "0 – 5 properties in 11 years"  I'm sure Steve did buy 130 properties. Isn't there another book "0-240 properties in 7yrs" or something like that?But for me I'd just like to get to 55 and be in a financial position to say  "I could happily retire now! My properties are providing 60-70% of my income, and I should be able t…[Read more]

may as well keep this discussion going.http://seekingalpha.com/article/246486-australia-the-last-epic-bubble-formulating-a-coherent-investment-strategyI have no idea who this guy is, whether what he says is valid or not. Interesting read though.Who knows!– Mark

Hi Jamie,

Jamie M wrote:
Hi MarkPaying into an offset account on an IO loan is just like paying down the principle on a P&I loan. One of the big differences however is the flexibility the IO loan with an offset account offers. Here's a real life example. Across my current portfolio, all loans are IO. On my PPOR I have an IO loan with an offset…[Read more]

Hi Richard,

Qlds007 wrote:
SM must admit I wouldn't go as far as Maurice and we recommend our clients consider a SMSF if they have $75K +.They have to understand the set up, and annual complaince costs but if they are looking for flexibility and opportunity of increasing the returns over a standard industry fund then it is certainly an…[Read more]

Hi Baden,we had/are having the same issue:https://www.propertyinvesting.com/forums/property-investing/help-needed/4334775We were like you. Not sure when to say no. So we decided to just go ahead and meet all the tenants requests.We're hoping once she's settled the requests will stop.If they do fine, but if they don't we'll have to rethink once the…[Read more]

Terryw wrote:

MRW wrote:
"I would put all the money on the house and personal debts (and avoid the wedding! sorry!)."That's interesting. We've just bought a new PPOR and lets just say we have a lot still owing. We have approx $100,000 sitting in an offset account that we were eventually going to use to buy another IP. Should we be putting it…[Read more]

"I would put all the money on the house and personal debts (and avoid the wedding! sorry!)."That's interesting. We've just bought a new PPOR and lets just say we have a lot still owing. We have approx $100,000 sitting in an offset account that we were eventually going to use to buy another IP. Should we be putting it on the PPOR instead?"This will…[Read more]

Hi Blocka,2 I'm aware of:PIA – http://www.somersoft.com.au/software.htmPOSH – http://www.financiallyfree.com.au/posh.htm Have played with both but haven't seriously tested either.Also, try searching on this site as there's been several posts regarding software. cheers, — Mark

thanks all. I've given the go ahead on all of this. We'll do what we can and a handyman/professional can do the rest."Sounds like you've got a fussy tenant on your hands. Thankfully most of the stuff seems pretty easy and quick to do. "Hi Jamie. Hopefully it's just an initial 'list' and things will settle down.cheers,–…

I'll show my ignorance here.Would there be any reason to have an offset account against an IO loan?My understanding is that an offset account against a PI loan means you'd be paying off more of the principle as the amount in the offset gets subtracted from the loan amount before the interest component is calculated? (That's not worded very well…[Read more]

Hi all,Things went as planned and we were successful with the purchase of the new property.I was completely clear on what we were to do until the auctioneer made a suggestion as we were signing.I mentioned we were keeping our current PPOR as a rental and moving into the home we just purchased.He said it was obviously up to us but have we…[Read more]

Thanks Jamie,read all just in case I missed something (I think this server may need a reboot. it's lagging a bit today as well).Richard, looking forward to your reply. Hope your son had a win.Terry,Some good information there. I guess I just have to sit down and fully understand it.Any more input greatly appreciated.– Mark