doesn't the RBA not have a meeting in Dec/Jan, due to holidays?

Hi,Just want to mention that with that list of repairs, I would be factoring an extra 2 weeks + 10% costs in case things 'go worth' (murphy's law)good work and congrats on getting out!Ken

elkam wrote:

skuz wrote:
Gold or even silver on the other hand is straight forward. You just have to weight it and you know the value.

Hello skuzI wouldn't be too sure of that.  True story. Without going into great details the basic facts are that my girl friends husband thought he was being careful ( and clever ) when he accepted about 3…[Read more]

2% would be my wet dream come true. rates are likely to drop a max of 50 basis points only.i think the RBA will hold off for the next 2 round of meetings.

Just a correction – I work in the super industry and am fairly certain that retiring baby boomers will not have a negative impact on super.if anything, there will be a positive impact.dont forget most baby boomers won't have large super savings due to the recency of the SG legislation.to the poster: if you cant give a stuff about investments,…[Read more]

$1000.00 a quarteR?!?!!? that is massive. besides, I thought as a land lord you only have to pay for the service charges relating to utility (i.e provision of electricty and water and gas, NOT the actual usage as that is chargable to the client)I guess you have a point about weatherboard houses.. maybe i'll look around for a brick one instead

Thanks for your input Shales! Thats not too shabby. except the house I am planning to get is prob 1950 or something ancient and weatherboard to boot. So I should probably expect more huh?At the end of the day – it is an investment property. I wouldn't be going in and adding a spa, but I also have to make the place marketable and hospitable. So…[Read more]

bump

haha, that sounds awesome. maybe you can negotaiate better terms that will involve free services from the strip club?

Hi Mliew,I would suggest you do a cost analysis to see how much you will be paying should interest rates rise to 6%, 7%, 8% 9%, etc.The 5% wouldn't stay around forever, and judging by how much you earn, you only have roughly 1k a month after paying the mortgage.This 1k also has to include your cost of living. What if interest rates go up? WIll you…[Read more]

Does anyone have any experience regarding putting offers in subject to:1) The current tenant resigns on for another 1 year lease from when his current lease expires?2) Have a look at the current records available to see if the tenant is a good tenant (i.e. did not go into arrears, doesn't call the PM if there is a bit of paint flaking off)I always…[Read more]

Hi Nic,Im same age as you and our combined income is much less than yours! im also looking to buy an investment property, but if i were in your place, I would actually take things a bit easier.If you're planning to have kids in the close future (within 3 years), I wouldn't actually buy an IP. Firstly your partner will be out of work a year, and…[Read more]

What happens if you move into your I.P and turn it into a PPOR? That effectively means your interest payments arn't tax deductible, so the ATO shouldnt give a rat's ass about how u use the withdraw facility?

Hi Hasina,Thanks for replying my message. Would you mind if i ask you a couple more questions regarding investing Singapore? I am not from Singapore and a lot of what I know is second-hand information which can potentially be incorrect. I have looked quite throughly at the stats provided by the HDB board website (http://www.hdb.gov.sg) and have…[Read more]

Hi, im new to the property investment game as well, but after reading through i thought i'd point out one thing that glared at me – Quote – " – Low vacant rate (according to local agencies)"I would double and triple check this.  Local agencies obvioiusly will tell you its a low vacant rate, especiall if you're an investor. check this out. What is…[Read more]

how much do you have saved up?

I was trying to imply that it is not 'sustainable' which is to say, there is an extent to which you can depreciate properties, correct?

its more like neither. putting enough of your cash into deposit isnt such a great idea as it means your cash on cash return will be significantly lower than puting in the bank. This just means that you're probably better off putting your money in the bank, earning monthly interest in it (risk free) than putting it on a house.Your second method…[Read more]

Hey Beanie Monster,lol, i guess we've just misunderstood each other. i knew you weren't critising me at all; i just believe you when you said a lot of people snubbing the west. but logically, if you think about it, places such as narre warren and berwick, which is more than 30k south east of melbourne, house prices are very high. i would think…[Read more]

i am definatley not snubbing my nose to the west; i was actually planning to buy my first IP near the west, as i don't have that much saved up and can only afford something thats cheap… currently the west is pretty good!