Ask the agent. That’s what they are paid for.

I bought in Ballarat 2 years ago. Happy with the purchase then but not sure if I’d go there now if I didn’t already own a house (I wouldn’t buy 2). Probably a few individual properties but would be harder to find. Rental market seems a bit flat too.

So while it’s different for everyone I’d lean towards no, I wouldn’t buy there at the moment. If…[Read more]

I fix my loans. Pro and cons with doing that. I just fixed mine for 4.3% for 3 years interest only.

You can’t raise rent if the tenant is under a lease (as far as I’m aware) unless it’s stated in it, even if they are not on a fixed lease you can only go to market rent. At least in the ACT.

I fix my loans. Pro and cons with doing that. I just fixed mine for 4.3% for 3 years interest only.

I fix my loans. Pro and cons with doing that. I just fixed mine for 4.1% for 3 years interest only.

You can redraw from investments so you’ll be ok there. But from a tax perspective you’ll have all your ppor as non deductible debt – not necessarily a bad thing in the overall strategy though.

Unemployment is high and the towns a bit small for my liking. Is it close to other towns so people might commute from your place? Sydney is probably a bit…[Read more]

Renting and investing elsewhere is a perfectly fine strategy, but immediately I thought of the following option – and since I don’t know your age, where you live (maybe Sydney?), whether you want to get married / kids etc, local house prices, whether you could get the FHOG etc… it might not be the right one. Also, as my name suggests, I am only…[Read more]

There is no point holding a negatively geared property that has little to no chance of making a return on the short term. While it might hurt to think you’re losing money by selling it’ll hurt more by holding it longer.

Why is the rent so low? Especially property B? $270/week for a $500K house is an absolute steal. Are the tenants on a lease…[Read more]

I’m just curious about where you live, do you rent? Do you want to buy?. If you plan on buying a house to live in in the short term it might change your plan.

For me total return also includes capital gain, so 1% in a regional area with no growth isn’t anywhere near as good as a neutral property with 7% capital growth. This is especially true…[Read more]

I’m just curious about where you live, do you rent? Do you want to buy?. If you plan on buying a house to live in in the short term it might change your plan.

For me total return also includes capital gain, so 1% in a regional area with no growth isn’t anywhere near as good as a neutral property wroth 7% capital growth. This is especially…[Read more]

I’m just curious about where you live, do you rent? Do you want to buy?. If you plan on buying a house to live in in the short term it might change your plan.

For me total also includes capital gain, so 1% in a regional area with no growth isn’t anywhere near as good as a neutral property wroth 7% capital growth. This is especially true if I…[Read more]

I’m not sure what others will say but there is an element of truth in what you say. Back 15 years ago you could have bought anywhere and made a profit – the amount varied though. But the current market is much tougher and everyone wants to get rich off property in a short time frame. I don’t think it’s as easy or realistic anymore, but it can be…[Read more]

Speak to a solicitor ASAP! If you can’t void the contract due to the pests, most have the ability to do it on finance, and I would just claim that.

Speak to a solicitor ASAP! If you can’t void the contact due to the pests, most have the ability to do it on finance, and I would just claim that.

Speak to solicitor ASAP! If you can’t void in the pests most have ability to do it in finance, and I would just claim that.

That response made me laugh, I’d probably go with less honesty if you want to sell anything in the role! Since you’re a subcontractor you’ll need all of your own insurances.

Sounds like a crap job I’d keep looking. From an employment perspective I guess you’re a subcontractor so that’s how they get away with not paying you for anything.

In regards to increasing rent there are a few threads on that already. Initially I would talk to a real estate in the area and get their opinions. But other than renovations, you could look at pets, group share (nearby uni), solar panels etc. None are without roan though.

The other option is to reduce your repayments. Interest only, lower rate…[Read more]

My advice is definitely not professional! But it would come down to specifics – how much income will the apartment generate (net income, Ie less expenses and tax), what loan amount your income(s) will allow and whether you think the apartment is a ‘good investment’ – capital gain etc.

All I will add is the more property you own the greater the…[Read more]

Definitely a yes for separating ppor and ip loans. Depends for separating across banks.