Which area was that? The one you mentioned with 0 growth and people not able to pay rent?

Hi Jaxon

I think that’s where you and I differ.

Correct me if I were wrong, but by the sound of it, you work on such property investment as a profession and spend many hours this on a daily basis (whether it is with your clients or looking out for opportunities yourself).

With me, I only get to do my research after business hours and for me to…[Read more]

Hi Benny

Your responses are useful and interesting.

Just some background info re: Dandenong vs Rowville.

Dandenong is not all in mountains. While there is a portion of Dandenong / nearby that are considered to be “Dandenong Mountains”, but the residential area are on a pretty flat ground.

Neither is Rowville in mountains and I don’t consider…[Read more]

Hi Jaxon

Which part do you think is “semi-truth”?

a) buy H&L packages? Because I am not a big fan of H&L packages myself. All I said previously is there are certain unique circumstances where H&L package might just be the right for those circumstances, but otherwise stay away from H&L Packages.

b) The push factor? It is one thing I heard from…[Read more]

I guess you are right… though there can also be a lot of counter examples.

Not sure if you might have seen the topic I raised in relation to a suburb in Victoria called “Rowville”. Jaxon and I discussed about that in the thread.

Only a few years ago, this was one of the least popular areas. Nobody wanted to buy properties over there. People…[Read more]

Not too sure if I am getting the wrong impression here, but I do somehow get the impression that you make it sound like you have a grudge against new properties or H&L packages.

Anyway, from the amount of information I studied and the numerous seminars and workshops that I come across… to me, whether we buy new properties or old… whether we…[Read more]

I guess you are right.

It is probably not possible with the big banks any more, but it may still be possible.

I was contacted by a broker who offered to help me refinance to a lender who not only can do that, but also does that at a much lower interest rate than my current bank (one of the big 4) is able to provide me. Bank’s IO rate has gone…[Read more]

Interesting read.

I came across someone quoting this: The best time to invest was 10 years ago and the second best time to invest is now.

The rational I was given behind this quote is:

1. Interest rate will raise (probably will NOT skyrocket, but will raise overtime).
2. Because of the raise in interest, it will become increasingly more…[Read more]

—————— snip ————————-
Really? What has Sydney been doing the last 3 years, and Melbourne too? Brisbane is likely to be next…. all part of the cycle, but then each cycle is different to the one before.
—————— snip ————————-

By itself it is true, but when coupled with my second point, that i…[Read more]

Hi there.

I agree that everybody’s strategy is different, so there is no “universal checklist” as such.

However, the idea I am getting at is for 1 person to use 1 “case study”. Yes, we are all aware that such a “case study” is specific to that person’s circumstances, but by listing out such a “case study” together with a check list of all the…[Read more]

Hi there.

I agree that everybody’s strategy is different, so there is no “universal checklist” as such.

However, the idea I am getting at is for 1 person to use 1 “case study”. Yes, we are all aware that such a “case study” is specific to that person’s circumstances, but by listing out such a “case study” together with a check list of all the…[Read more]

Hi there.

I agree that everybody’s strategy is different, so there is no “universal checklist” as such.

However, the idea I am getting at is for 1 person to use 1 “case study”. Yes, we are all aware that such a “case study” is specific to that person’s circumstances, but by listing out such a “case study” together with a check list of all the…[Read more]

Hi there.

I agree that everybody’s strategy is different, so there is no “universal checklist” as such.

However, the idea I am getting at is for 1 person to use 1 “case study”. Yes, we are all aware that such a “case study” is specific to that person’s circumstances, but by listing out such a “case study” together with a check list of all the…[Read more]

Hi there.

I agree that everybody’s strategy is different, so there is no “universal checklist” as such.

However, the idea I am getting at is for 1 person to use 1 “case study”. Yes, we are all aware that such a “case study” is specific to that person’s circumstances, but by listing out such a “case study” together with a check list of all the…[Read more]

Hi Benny

OK, that makes sense, but what about in today’s scenario?

The example you gave relied on a few things:

1. Organic capital growth which is difficult to come by now days compare to 30 years ago
2. Rental incomes are growing to the point of catching up or exceeding the amount of loan / repayment that is needed to “feed” the bank, which…[Read more]

Hi Valluvan

Which area in South East Victoria are you looking at?

Cheers
Steven

Hi there.

I have a question though…. and please forgive me for being a newbie and the fact that my question will probably sound ignorant but…

The question is, can you really keep on extending / refinancing IO forever? I would imagine that at some stage, someone is going to say “hey, this loan has been on IO for 20 years (or however long)…[Read more]