Sim replied to the topic Adelaide’s Best? in the forum Help Needed! 18 years, 1 month ago
Given how much Adelaide grew in the last boom (mostly catch-up growth), I don’t expect there to be terribly much more growth in the next few years. If we get 4-5% growth pa, then I will be very happy.
Remember that, other than in gentrifying areas and other anomalous areas such as along the coast, the next growth spurt will usually happen closer…[Read more]
Sim replied to the topic Adelaide’s Best? in the forum Help Needed! 18 years, 1 month ago
Originally posted by Markat:
Mt Barker (as an outer suburb) 30kms out is going to continue to grow and is the fastest growing suburb (in Australia?/Adelaide? can’t remember) and has all the markings of continuining in that vein for sometime yet.I would still go for inner suburbs though. Clapham is a good one at the moment and also the inner…[Read more]
Sim replied to the topic CGT – 6 years? in the forum Legal & Accounting 18 years, 1 month ago
Just a couple of useful things to keep in mind.
1. the start date for the 6 years will be the date the property becomes available for rent (ie. is “in the rental market”), regardless of whether it is tenanted yet. This is also the date you can start claiming expenses. Get some tax advice on items such as preparing the property for rent – you may…[Read more]
Sim replied to the topic Equity rich – income poor in the forum Creative Investing 18 years, 1 month ago
Originally posted by Markat:
Wondering if anyone has ideas/help for equity rich, cash poor investor.Something that may help is a series of articles written by Steve Navra on “Living on Equity”.
The basic concept is to live on the growth in your portfolio. You only spend a percentage of what your portfolio “earns” so you don’t go backwards by…[Read more]
Sim replied to the topic Adelaide’s Best? in the forum Help Needed! 18 years, 1 month ago
The question is though, how long to you intend to live in ths property ? Over the long term, I think the closer you are to the CBD, the better your average growth will be. Sure, some suburbs will have short term spikes in value (gentrification, new services, catchup, etc), but that won’t necessarily help over the long term.
My personal “area” is…[Read more]