sweeper2009 wrote:
i'd like to know where you get the data from. assuming you're right with the numbers, do you or do not agree, even with 27% of FHB in the market can significant push the price higher?

Sure 30% of the market can have an effect but 70% of the market has a bigger effect in my opinion. Data is published by the ABS and other data…[Read more]

levi5 wrote:
hello propertunity, perhaps you can give us some similar advice

  sure, why not?

levi5 wrote:
I'm looking to save up 15,000 – currently saved 3700 and putting down 1000 a month to save up to get a 280,000 mortgage for a one-bedroom flat (60s type) in toorak. Could i do what you're saying and get an interest only mortgage and then…[Read more]

sweeper2009 wrote:
propertunity, i respect your opinion but i have to disagree with you.

I was expecting that to be the case from the tone of your last posts – you seem to have made up your mind already. BUt at least you have an opinion.

sweeper2009 wrote:
Kris asked if this is a good time to buy or wait until the FHBG boost over, since you…[Read more]

If the Property Seminar contained mostly stuff about what you are currently doing with Property Investing (not what you are planning to do in the future) then the expenses should be tax deductible. (There are some caveats about being in a Trust etc where the expense could be tax ded even if you are not or the Trust is not doing what the seminar…[Read more]

sweeper2009 wrote:
Then surely you can't conclude and recommand Kris to buy at this time as you did earlier in your post  " we believe now to be possibly one of the best times to be buying."

I'm going to answer this point only, because it was the subject of the thread to start with (and I am having difficulty understanding what point/s you are…[Read more]

Thank-you for the insight Daniel – I'm pleased to have my knowledge base augmented.  Maybe I'm hanging around with too many foreign investors?

daniellee wrote:
Most foreign students simply rent, and that profits RE investors.

This then surley supports my argument that foreign student "immigration" just adds to housing demand – albeit rental…[Read more]

sweeper2009 wrote:
banks can not afford to run a non-profitable business model and the gov can't force them to do so.

Correct – agreed

sweeper2009 wrote:
currently we are in a GFC and CREDIT recession, and banks around the world runs out of money

We are in a GFC – yes agreed. I don't know what a "CREDIT recession" is – but we are likely…[Read more]

sweeper2009 wrote:
Gov will guarantee banks to stabilize the economy, not to gain control over banks. Banks needs to borrow internationally to provide their usual services and if the borrowing come with higher fee/rate, then this will be passed to the retail borrowers. This is a fact as we've seen last time; RBA dropped the rate but some banks…[Read more]

sweeper2009 wrote:
so accordingly propertunity;Interest Rate is low and will have further cuts so all good and great here. nevermind where banks got their fund from and nevermind they're independant from RBA and they set their own interest rate if they see it fit

The banks might be independant from the RBA but they are operating in an…[Read more]

sgk wrote:
hi all, i've noticed a lot of apartments in perth with "long secure" leases to an operator showing really good net rental returns.  I'm guessing Capital Gains on these would not be huge.

You guessed right. Typically low CG and high management fees out of which the operator can afford to pay all those nasty outgoings.

kris07 wrote:
however given the demand in the market at present I'm questioning whether this is the best time to buy..

The #1 question we get asked all the time: “Is it is a good time to buy now?” From our Autumn 2009 newsletter: Low Interest Rates: Interest rates had been cut again in April by the RBA. Admittedly, only by 0.25%, with les…[Read more]

Cocobean wrote:
When I look at property in Adelaide on realestate.com there is always a price range. ie: $280K to $310K. This is usually not applied in other states. Does this mean the property is worth the higher value? And they are encouraging buyers with lower budgets to look or what. I know with research and time I would be able to predict…[Read more]

dodo_lurker wrote:
However, suddenly the value of my original house plummets from $250k to $150K… I now have negative equity.

That's one of the good things about property. There is no "suddenly" – it is a very slow moving beast. Lots of ppl sit on negative equity without having their loans called in. What is a bank going to do with a house?…[Read more]

aShep,Option 1 or 2 are fine.Option 3 has issues:1. Fraud – you really should live there2. Insurance – which is usually avoided by an insurance company in the event of 60+ days of vacancy – and you are proposing 6 months

lstreet,If it were me (and it isn't) I'd by myself a PPOR and use the FHOG & boost available to you now. I'd do an interest only loan and pay down NONE of the principal. Once you have either saved a bit more or the property has increased sufficiently, I'd draw down some of the equity to use as a deposit on an IP.Paying off none of your own home's…[Read more]

Mrleumy wrote:
I think was thinking of doing the same thing…. My idea differs slighty in that I want to use a trust structure:

Nice idea – but you cannot buy in a Trust structure and also claim the FHOG – personal names only