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  • Profile photo of NathopolyNathopoly
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    March 1, 2013 - 12:19 pm
    Freckle wrote:
    vagirl2012 wrote:
    In uncertain times like this I'd say property all the way…

    The property investor sector could be decimated given that the vast majority are leveraged to the gills. A 20% move in property could push 60% or more into negative equity. 

    A property correction accompanied by a AU$ fall would see a massive rise in inflation. RBA would have little option but to raise interest rates. 

    Double wammy..

    Hey Freckle, I don't quite get it. A fall in the AUD would increase import prices and so be inflationary (whammy), but a drop in the  property market is deflationary. A whammy for sure but not inflationary. Am I missing something?

    Profile photo of NathopolyNathopoly
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    February 28, 2013 - 10:25 pm
    Freckle wrote:
    WE have the lowest interest rates around for yonks, the Fed buying $40 odd billion in RMBS every month, a juiced up economy and builders cutting every corner in the book along with lenders.

    Sounds like a recipe for another property disaster.

    Absolutely. 

    Funny though as the article above points to a disparity between new builds and existing property. At least for the moment. The excess will spill into other markets in time. 

    I guess the observation is that the banks have finally started to lend out the stimulus money they were given. They had been holding it in reserve (and getting a spread on it for NOT lending it out) at the fed. Got too tempting it seems. 

    Profile photo of NathopolyNathopoly
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    February 28, 2013 - 9:09 pm

    Not excited. Government created bubbles don't do much for capitalism as a whole. Great for banksters though.

    Why the heck are you two up at such ungodly hours, go to bed! 

    Profile photo of NathopolyNathopoly
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    February 28, 2013 - 12:45 pm
    Freckle wrote:

    The US prints money to pay the interest on the money it printed into existence since 2008.

    Dude you're broke. You just haven't accepted it yet.

     

    More like since 1971………or 1913 really. 

    I guess the question is, can you get your principal back before the USD goes completely poopooed? 

    Profile photo of NathopolyNathopoly
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    March 5, 2010 - 11:03 am
    • How about an option for adding yearly expenses on each portfolio (i.e accounting and structure upkeep) in the portfolio summary page.  

    Currently if you wanted to add these on you would need to put these cost into one of the properties in the portfolio and when examining the property separately you may get falsely lower results.

    Profile photo of NathopolyNathopoly
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    March 4, 2010 - 1:14 am

    Regarding ID

    another possible add on in future updates would be,

    An option to split the deposit by a percentage or amount between cash, loan & equity rather than jst a choice of the three. for example, 20K deposit, of which 10k is cash and 10k equity.

    Profile photo of NathopolyNathopoly
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    March 1, 2010 - 11:29 am

    Oh I have a suggestion for an add on for ID already.

    • How about an Amortization schedule page in the budget section

    Profile photo of NathopolyNathopoly
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    January 28, 2010 - 6:30 am

    Thanks Scott & Secure Server 1.

    Wow a 50% profit share. I guess that would be for large land parcels with phased building or some other incentive like high land value.

    Both of those situations would make for a higher profit ratio on the cost of building – land holding costs so I guess a higher % would be completely reasonable.

    Im I on the right line of thought there or ?

    Profile photo of NathopolyNathopoly
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    January 23, 2010 - 2:00 am

    Oh yes, now I  re-read, a little ambiguous.

    Developer.

    There landlords reward would be for the following

    1. holding costs for the property (as they would receive they payment for land sale AFTER the development is done and sold.
    2. associated risks
    3. and I guess and incentive to sell

    Profile photo of NathopolyNathopoly
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    January 6, 2010 - 11:01 pm
    mattnz wrote:
    Interesting to note rents in Dysart are dropping all the time, now as low as $400 per week to get people in and as low as $450 for a 3 bed in Moranbah. I get the impression the glory days are over for a while.

    Also, I have been informed that a new housing estate is due to open up (i think in Dysart or close by) exclusive for one of the mining companies. This is sure to drop demand again. I may be mistaken but I believe it is a community estate rather than a single miners barracks.

    With a market of about 100 available rental listings in Moranbah & Dysart and ever dropping asking prices it is interesting to see ho this will go at least in the short term.

    Profile photo of NathopolyNathopoly
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    January 5, 2010 - 1:34 am


    '    Biggest issue these days is finding a first mortgage lender that will knowingly allow the deposit funds to be borrowed.'

    Thanks for the responses guys. I thought the above might be the case. I can see some tasty advantages for the vendor to get them eager to do the deal.

    Hmmm, assume I had the cash reserves (about the same as or more than the 20% deposit) do you think this would encourage the bank to to be more relaxed about the 2nd lender or have a negligible effect?

    Really need to go see broker or lender huh so many questions !

    Profile photo of NathopolyNathopoly
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    January 3, 2010 - 2:48 am

    Hey Guys/ Gals

    What are your thoughts on Moranbah?

    Price to Rental ratio is obviously good but in terms of sustainability etc.

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