I’ll tell you what happens. America invades another oil rich country, that what[medieval]

Just jokes. I like America.

But if prices went up like that then the global economy would be effected and no doubt there would be some heavy boardroom politics going on. But at the end of the day people still have to rent.

You will always miss 100% of the…[Read more]

I totally agree with you Investigator and sorry foundation, disagree with you.

Rent is based on supply and demand. I know agents who specifically target low income earners because regardless of how much the rent is set at the government just comes along and tops up their rent allowance. Most low income earners do not have alot of choice when it…[Read more]

Thanks guys for your responses so far. Looks like I’m not the only on addicted to this site.[confused2]

So let me get this straight! I can estimate the value of things like alarm systmes and dishwashers ect? What sort of percentage can you claim on these sort of items and how do I find this out?
I have a house I have rented out for over 6 year…[Read more]

Not sure I should do this but what the heck.

Try SA. Some areas of SA are the most affordable homes I have ever seen and I think the area will improve over time. You have to research the suburbs and pick one worthwhile, but there are large populations of middle – low income earners there and they have to live somewhere. Try areas like Smithfield…[Read more]

Maybe not now AussieRpuge but I bet you that befor our time there whould have been poor areas surrounding Melbourne that are now affluent.

Anyway Melbourne is a large city indeed and I guess 30-40 Km away is not far in comparison to say Adelaide where 30 – 40 KM is a long way. We ar in the poor quater here and Adelaide is only 38km away. You see…[Read more]

I know what you are saying aussierouge but most people in low income areas don’t have much to do with the cities. They have jobs out in the burbs or industrial sites that arn’t particulary close to the city. They can be 30-40km away from any major city. The shopping centers ect grow up around the population centres and become the hub of the local…[Read more]

I mostly agree with you spanky. IMO anytime is a good time to invest. Sure if you jump into the market at the top then you MAY lose some profit if the market increases dramatically. But on the other hand if you jump in too late (like most people) then you are sure to lose money aswell. Or if you tie your money up in other honey pots eg the US then…[Read more]

The trick is to buy something cheap that needs heaps of work. You live in it and do it up as you can afford. My wife and I sqeezed our family into a 3br ex-housing commission house and hit the payments hard in the first few years. The house was only $32500. Buy what you can afford and look for the dumps first and work your way up to what you…[Read more]

Thanks all for your comments so far. If anyone else has some suggestions please feel free.

So far I’m leaning towards just increasing the rent. The tenant has been there for years and does not seem to want to move so I think he will not be too bothered.

You will always miss 100% of the shots you don’t take!

But I can still buy more properties just using the equity without having to sell. And still keep getting rent. Just not as much

You will always miss 100% of the shots you don’t take!

Well I sort of agree but this house is not exactly rural as it is in the largest population center in East Gippsland. RAAF base Nearby ect ect. Were talking about SALE in Victoria.

Hope that helps

You will always miss 100% of the shots you don’t take!

With our IP I pay the water bill. It gives me something to claim at the end of the year and offsets the proffits I make. Also gives the tenant one less thing to skip on if they decide to do a runner.

You will always miss 100% of the shots you don’t take!

IMHO Latham is just a people pleaser. He will say whatever the minorities want him to say. All promise no provision.

At least John Howard makes a decision and stands by it.

I don’t think that having a new face in the hot seat is a great justification for removing something that is working fine.

For some reason Aussies start to feel a little…[Read more]

IMHO I believe that Latham is too much of a people pleaser. He will promise do whatever will make the most people happy. Not always what is good for the country.

In realation to PI this sort of attitude will only drag the countries economic growth down into the dark ages again.

Howard has a good grasp of whats going on in the world and has the…[Read more]

Thanks G7

You will always miss 100% of the shots you don’t take!

You know the old saying. When you have it you never use it, when you don’t you need it.

IMHO It is just far too great a risk to not have.

You would not take $100 000 or what ever your property is worth into a casino and put it on red would you?

Its only a few hundrend bucks and it’s one of the few things you can claim back on tax.

Tell your…[Read more]

True,

But I have heard bandied about something like 2% or 2.5% of the income?

Anyone else heard of something like this.

You will always miss 100% of the shots you don’t take!

Thanks Guy’s,

As for your question Yack, yes they are a long way from home but the population is over 20 000 with 5 agencies so management should not be a problem. I don’t think I will have to do much of anything too them as they are already rented out and have been for a long time.

You will always miss 100% of the shots you don’t take!

I have found a few properties like this as well.

I guess the answer to your question depends on whether you are investing for cashflow or growth?

As far as I can see if you think cashflow is King then what difference does it make if the property value increases or not? If it does (bonus) then you are still gaining equity even though the property…[Read more]

I did not realise there was any charges to transfer the money from NZ to Aus. Could you not open an ANZ account in NZ and then just transfer the money via internet banking?[blink]

You will always miss 100% of the shots you don’t take!