Hi Derek,

I am attending the next STEVE NAVRA seminar in Sydney, the april one. I have read a bit about his cash bonds but can’t get my head around them yet. I have a meeting planned for this wednesday with someone in his office, apparently this is free and goes for a hour or so. I have heard some good words on Steve, I’d appreciate your…[Read more]

If u r close to retirement I believe under the new rules you can roll your CG into your superannuation fund.

Spider

Pisces,,
I think you are right. I live at Woolloomooloo which is close to the tunnel. This will lessen the traffic that Kings Cross receives, also South Sydney Council have made a committment to clean up the area. Kings Cross/Elizabeth Bay will be a safe bet

Spider

Neologism,

I was thinking along the same lines myself. However, it is the original intent of the loan, otherwise, you could borrow against your IP’s for lifestyle and claim the tax deductible proportion which the tax department would not allow.

However, I was thinking what if you had some investment properties and purchased another investment…[Read more]

I believe that Member’s equity do not charge a valuation fee.

Spider

Are you joking

Spider

Even money for tomorrow….if not tomorrow, then odds on for a yes in March

Spider

Pay now Play later

Didn’t a few farmers go broke in the early 90’s getting overseas loans thru Westpac?? after the Oz $ went south

Spider
pay now play later

Mini,
What a great read. I agree with every word and would have liked to say it myself but I didn’t want the writer’s cramp you must have. Who is Phil Jones??

Spider

Pay now play later

I read about them about 10 years ago. A family purchases a rabbit box in Tokyo for $2m (Aus dollars then) and gives a commitment that their children will inherit the rabbit box and take over the mortgage. I don’t know if I will see that in my life time BUT 40 year mortgages….as you are aware they have 30 year fixed mortages in the USA. 40…[Read more]

I think 40 year Bank loans are inevitable. I often hear people say that houses can not get any more expensive in the capital cities. All the banks have to do is lengthen the period of the loan. 100 year mortgages like in Japan???? hand the mortgage over to the kids………

Spider

pay now play later

Melbear

I don’t mind the bath, it’s that soap I hate

Spider

Pay now play later

Bc,

I agree. There seems to be some information overload on interest rates. For what it is worth, what I have done over the years is stay on the variable, as interest rates seem to be lower longer than they are up especially in an election year. I have friends who chop and change, it makes me giddy.

Spider

Pay now play later

It’s ridiculous people use animal names

Spider

Pay now play later

Ambo72,

I’m in the same situation here in Sydney. I am on subsidised rent until August 04, and believe me you need it here. Also part of my deal is that I will be reimbursed stamp duty, legals on purchase so I would be mad not to purchase. I have another 3 years before this option expires. I posted the same question a month or so ago regarding…[Read more]

Life can be pretty simple. If you want to be slim don’t eat sugar or drink excessive alcohol. If you want to make money only purchase goods that make you money. Just keep buying property, time is just a good forgiver

Spider

The man who wants to be rich in a day will be hung in a year

I purchased my first IP in 1991 in Canberra and roughly around the same time purchased 2 more investment properties off the plan. They were all negatively geared. I thought this was good until John Howard (thank you John) cut back on the Public Service. I saw the three properties virtually half in value over the coming years. I just held on and…[Read more]

Monkeybam,

Which comes to my point….Do you keep buying positive cash flow properties in retirement as if you are making money you don’t have to pay off the debt or do you consolidate prior to retirement.

Spider

Rubbachook, Melbear

That makes three of us. Bad real estate must be thriving down there. Sorry Raine and Horne of Woden

Spider

Mortgage Hunter,

Are “the banks” trying to entice people to fix their rates as they “know” the variable will remain as is or drop???

Spider