ultimo is a good little suburb which HAS shown above avg yield (due to uni) and decent growth in the city area. Just be careful as its demographic for tenants is generally still a pretty young age bracket, and you will find yields will still need to stay at somewhat affordable levels.Look at the strata levys and also sinking fund, if theres not…[Read more]

I haven't found it too hard because my background is half filipino so i have old relatives from over there who can speak the dialect and check things out for me ! I can keep you up to date when i get some good real estate contacts over there if you like, i am travelling there in january to scope it all out

Yeh im an invester and a buyers agent i own two negative geared properties, one in sydney, nsw and one in morayfield, queensland.  Ive experienced about 16% growth in my portfolio over the last year and a half and am yielding about 5% in return of rent. So i am not complaining, the Sydney property is bringing the average down a little, but im n…[Read more]

Why are they selling for under valuation?     What area in NZ are they? It's a funny market NZ right now! With the NZ dollar the strongest it has ever been (i think) and property prices having had really good growth the last few years it's questionable whether we see it continuing to go so well!  Tell me your thoughts

Not sure if this helps but, there are finance companies out there that let you borrow money for stocktake. Obviously the numbers have to add up and also whether you can borrow the money to purchase stock from overseas, is beyond me! but just thought id mention it just in case.

The reason why people don't like selling is that your profit is usually chewed in half by taxes. Buying and holding should see you have a generous positive cashflow income at anywhere between 3 – 10 years (in theory and depending on interest rates etc.) and alot of people build their wealth based on that. Re-Financing lets you free up any eq…[Read more]

and whats your stake of interest ?

Actually you do have to be careful when you buy propertey! It all works in cycles and as alot of people will remember being burnt at the last boom (buying at the height of the boom / only to have the values correct themselves the next year and have no growth for the next 3) you need to be wary of how the markets are!! NOW if you have enough…[Read more]

Crashy you have good points to make, but I think sometimes you don't bring them around in the same light that you mean them?

Just be careful which buyers agent you use!! It should not take you 6 months to find a property at all! Also when using a BA don't use ones that charge a percentage of the purchase price!! It does not make sense that his pay is dictated by the purchase price, when he is trying to get as low a figure as possible for you. Make sure your BA is…[Read more]

Hills district is one of the hardest areas for sales in Sydney at the moment. Castle Hill is THE worst suburb in sydney for clearance rates, the prices are quite steep, especially when you can go 10-15 mins west / south and get some new houses there for alot cheaper. With Sydney the Hills area use to be where people would move out to so called…[Read more]

Also it is important to note  that the term positive geared is different to positive cashflow. Generally speaking positive geared means the rent will cover the mortgage costs.  These days it is common that people talk about positive cashflow which isn't necessarily a positive geared property, but through depreciation and tax breaks it becomes + ca…

Just be careful with your no doc / low doc loans as there are alot of uncertainties in the air regarding that level of lending! Make sure you do research and speak to professionals about it, not a buyers agent who is better off giving advice about buying property and not the financial side Just remember if she is being paid cash in hand, and…[Read more]

Actually I didn't say the ONLY positive geared properties are in mining towns, i said that the only ones that are easy to find, i.e advertised as 10% yield on realestate.com.au are ones in risky mining towns.  Yes there are good deals out there, but you have to work hard for them, including canvassing specific areas you have researched, speak…[Read more]

Well done Jase and Flic!   and well said K  ….

You can use the equity however you like! Banks will throw the money at you, regardless of what you use it for (Do not use the money for anything else but re-investing!!!!)! Just keep in mind that if you are re-financing your loans to re-invest you will be paying interest on 100% of the purchase price, as you are borrowing against the equity of…[Read more]

Try reading through the archives of the forums, you'll see this question is getting very very old. What are the results of the market research you have found in these areas? Surely this should tell you what is out there or what not? People make opportunities through good investing and massive amounts of reasearch, those that they do find are r…[Read more]

Sydney on the whole is holding steady but i expect over the next two years it should ramp up to some good growth. There are areas which are booming (of sorts) in the lower north shore, such as north ryde, macquarie park, epping, lane cove west due to the new rail line. Inner west should continue above avg growth compared to the rest of Sydney b…[Read more]

Do you guys have any stance on licensing issues? Will he have to consult a licensed r/e agent for the deals?

The renovating strategy will always work if you sell the property for more than all your costs put together.The problem being that there are many costs apart from just the renovation that fall into play. Take into consideration, Stamp Duty, Mortgate Duty, Solictors Fees, Building Inspection, Mortgage Costs and Sellings costs.  The beauty about re…[Read more]