Forum Replies Created
as a trainee
i work there
^ no one was talking about the median house prices, your post makes no sense
hm so if i was to get the FHOG i'd have to purchase it has a principal residence?
Meaning I cant claim as many of the expenses, but then again as i plan to keep this for a while, I will also pay no CGT
thanks for all the great replies guys I really appreciate it
thank you all very much
in regards to my mum though, if she was to take the loan out under her name on her own home, wouldnt she have to buy it in her own name if it was to be an investment home?
Or are you saying that I could buy a property in my own name, and she can apply for a loan with that house i purchase as collateral?
"Thirdly, the rental return on a house has nothing to do with it's value and vice-versa. They are both market driven. Look at the last few years. The cap gain has totally outstripped the rents to the point where in most parts of Aus the rent returns are crap now if you are trying to buy. "
See I do not agree with this, I believe all property self-consciously is valued on a direct cash flow basis even by regular joes.
If people see the rent on a property is higher they will pay more for it then another property which would get lower rent. It just logic.
Yes it is demand based, and that is why people would demand homes which receive higher rents and therefore they will pay more for it.
I just dont see how a home could be worth more then another yet the one which is worth less would be receiving higher rent, its like saying a home in brighton would receive less rent then a home in ballarat, it just makes no logical sense,
Please clarify further
yes but if a property was to have rent > interest to me it would seem logical that people walking through it would bid it up until the price of the properrty rises until interest > rent. For example if i was to buy a $260 000 home I would pay about $1500 in interest every month, which $260 000 property can achieve a rental of 375 a week? I know people renting out apartments in brighton for that much a week.
Yes I know property isnt a liquid asset like the stock market and there are search costs, transaction costs etc which may cause mispricing but finding a positive cashflow? how do i do this?
Steven I ask this because I just bought your book last week, and it was the 1-30 properties in 3.5 years and I just cant see how in melbourne now you could find such properites, any help in where I can start looking?
Now the only way i can think of possibly starting a positive cashflow is to maybe buy a 2 bedroom apartment and rent it out to two people which could possibly give me higher then market rent and hence cause positive cashflow.
