Forum Replies Created
Yep cool, thanks guys.
Good idea about the valuation.
But steve is advetising 30% returns. …
Tee up a meeting with momentum wealth. I liked what i saw.
Kenny. Personally i have a low risk profile. I wouldny buy in a mining town and i certainly wouldnt be leveraging at 80% plus. Bottom line is do what makes you feel comfortable. I dont like people spruiking high leverage borrowing and high risk investments just because the numbers add up now. Mining towns can and will eventually be ghost towns. Y
This is 100% correct. I have a defence worker in a rental and they are required to place that condition on the rental ageeement. What i did was speak to him myself to get a clear idea of his intentions and hes been bloody fantastic. Also paid 70 more than the rent estimate by the agent.
seriously, if the property market crashed in a major way what makes people think theull have jobs to sustain a mortgage.
whats wrong with it.
OK, so when your PPOR settles, that will free up a lot of cash flow. I take it CBA wont take that into consideration either.
This morning my suspicions were solidified.
There's a war coming, war means spending.
On the subject of "skilled" immigirants, the only reason thats happening is because big business want cheap alternatives, and they are cheap for a reason.
If $90/week is going to be a deal breaker, should you be borrwing the money?
blocka wrote:Stick to variable for now !What makes you say that ?
CBA rang me and offered me 5.99% for 2 years.
If the agent will write it up at 450 do that.
Shes toppled herself, shes got one year left then she fades away.
I understand Anthony, thanks.
What I cant seem to grasp is that 90% of people I know and meet voted Liberal. How did the ALP even get in haha.
Exactly, there are people out there, that was my point.
Thanks for the replies.
I agree Anthony, we will have everything setup with all rollovers complete before persuing any deals.
Assuming my family name is "Paullie".
We have:
PAULLIE (SMSF) HOLDINGS Pty Ltd, setup for the fund.
Superannuation Trust Deed, THE PAULLIE FAMILY SUPERANNUATION FUND.
We will then have PAULLIE CUSTODIAN Pty Ltd , setup as the custodian in the deal/s.
I am currently waiting on the ABN for the fund company to open the bank account/s.
From the above information any offers need to be from PAULLIE CUSTODIAN Pty Ltd. This is correct yes?
dachopper wrote:Good to get some ideas out there,sbhjain wrote:Hello Da
Im in Perth myself (cannington) and in the process of buying my first IP around 500K mark.
I personally believe prices in Perth are 10-15% higher than what they should be. But in saying that, i dont think the prices are coming down, houses take a little bit longer to sell .Cheers
SaurabhThat is my point…. It looks as if guys bought too high, the market is still too high, but the sellers won't sell at market price, but they can afford not to sell….. I can't see how that, would give growth. I just payed 330 for a 1 bed unit that gives 450 a week rent in NSW. 450-500 a week for a house in perth, i would guess 500+ cost price, which is a bad ratio in my books If you take a look at a suburb, like Karawara, which is nothing special….. house prices have gone up 340 % within 10 years. Can you tell me anyone who you know who has had wages go up 340% in 10 years?
You may have bought well short term, but in 30 years, Id rather have the full block with house bought for 500k. In a unit there is very little to add value you can do, strata to deal with which is a pain in the ass Ill never buy strata again. On a nice full block, you could potentially subdivide etc. further increasing your gains.
dachopper wrote:Good to get some ideas out there,sbhjain wrote:Hello Da
Im in Perth myself (cannington) and in the process of buying my first IP around 500K mark.
I personally believe prices in Perth are 10-15% higher than what they should be. But in saying that, i dont think the prices are coming down, houses take a little bit longer to sell .Cheers
SaurabhThat is my point…. It looks as if guys bought too high, the market is still too high, but the sellers won't sell at market price, but they can afford not to sell….. I can't see how that, would give growth. I just payed 330 for a 1 bed unit that gives 450 a week rent in NSW. 450-500 a week for a house in perth, i would guess 500+ cost price, which is a bad ratio in my books If you take a look at a suburb, like Karawara, which is nothing special….. house prices have gone up 340 % within 10 years. Can you tell me anyone who you know who has had wages go up 340% in 10 years?
me, 6x actually. Theres plenty of people who have had good wages increases, I know plenty.
