There are still places available that show a good return. It might be worth while looking in areas where there is a higher demand for rent. The return is made over the long term in rental, so if you have a tennant who pays just below the market rate and is both happy and secure for a long time then the reward will be security of income. Don’t forget that it is a people business.
There are still places available that show a good return. It might be worth while looking in areas where there is a higher demand for rent. The return is made over the long term in rental, so if you have a tennant who pays just below the market rate and is both happy and secure for a long time then the reward will be security of income. Don’t forget that it is a people business.
Last Saturday’s realestate section of the Advertiser might be of some help. Page 13 tells of a catalogue auction on Tuesday 2nd September with 17 maisonettes being offered for sale. Prices are expected to start from 28k. Mannie has done some good work for you with the stats. I can on offer additionally that the Whyalla local goverment is just about giving houses to any professional poeple who are prepared to move there.
Regional town of Kadina was half reasonable until September last year. Now you are hard pressed finding anything for sale at all. There seems to be a buying frenzey throughout that entire area. There have been properties recently go on the market on a Friday and being sold by the Monday.
Generally something to be really careful of in Country SA is the price of some properties as they are on lease hold land. You might be looking at a bargin until you find out about the lease. The SA goverment does convert lease hold land into freehold title but at a cost. When totaled with the purchase price it can be very expensive.
Melanie covered it pretty well with the dollars and cents. I think that a loan has to be styled to suit your circumstance. I/O loans are or can be very advantages depending on your personnel tax situation. If after the tax axe falls you have some left over then it can be applied to reducing the principal. (refer maximus) Have a chat to your accountant if you need specific advise for your situation.
Hi everyone,
Next Cashflow 101 game is on Friday 12 September – all invited. 7pm Guide Hall, Stuart Tce, Alice Springs – see you there!! You too Sooshie!
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What are you looking for “Capitol gains or Cashflow”?
Negative or neutral properties abound and then the tax implications can provide the +cf but a lot of people purchase in this environment to take advantage of the profit at the point of sale.
Maybe you could look at other centres other than major regional areas.
Cheers
Gidday doogs,
We live in a perfectly good three/four bedroom steel framed shed. Our temperature range is extreme from -4 to 44 degrees. It does expand and contract on the average day whether it is winter or summer. Usually this tends to occur at night when we have the largest temperature variation or in the morning when it is heating up. You do get use to it and we don’t find it annoying. Comparison would be if you lived on a busy street; After a while you don’t hear the traffic. We have just started plans to build our house and you guessed it,,,, It will be made from steel. As for termites, they will eat anything if the are hungry enough. The only jarrah that we have found not to be on their menu is in excess of forty year old floor boards from the tray of a truck that have been saturated with fuel or oil. Termites will eat through concrete to get to soft wood or green wood if they can smell it. Test your area by getting some wood pieces and placing them on the ground. Pour water over them and leave them for a couple of months undisturbed. Turn them over and check after this time. It is not a hard and fast rule but we have had a lot of success with this method.
Good luck
Spider
If negative gearing was abolished then it would have a run on crippling effect on the country. If the interest rates then went up the crippled would be crippled again. As melanie suggested there would be a lot of property available. It would be a matter of positioning yourself prior to the onset to take advantage of the situation.
I take interest in what the press report but feel that a bit of sensationalism goes a long way. Never let the truth get in the way of a good story. Davide’s response to your post covers a lot of what is being said by others.
I will still be out there.
Spider
Gidday fuzzy40,
If you rent your unit out and it is either positive or neutral geared, then it sounds like you are on the edge of your interest rate. I would suggest to build a threshold for yourself at this time giving yourself an interest buffer margin. After this look further into reinvesting and expanding your portfolio.
Gidday mitch,
crashy is spot on. Reduce the debt as fast as you can. Minimise the use of your credit cards. Once paid down then have their limit reduced to absolute necessity for emergencies. The second car would be costing more in rego, fuel etc than what you have valued it at, or maybe you could quit the pulsar and keep the ford. Have a lifestyle change and go for the second job to reduce your debts as fast as possible. A bit of a slog now will help see you benefit in the long run.
Stay focused on the end result and it will happen sooner than you think.
Spider
Gidday argyle610,
What you have said is probably representative of a large portion of the country at this time. Another alternative would possibly be to change your stratergy and look for a different type of property. Possibly looking at comercial instead of residential. That might help provide you with a forward momentum.
Cheers,
Spider
