SHalesCorrect, all good stuff. I really am being forced to make some major decisions and many things come into the equation. PPOR or "the bargain of the year" with the intention of punting it on latter. You may me able to help me If you don't mind. I will go back to my accountant, but real estates not his thing. Tax deductions on investment…[Read more]

CarpYes, having a PPOR has many advantages as you say, and not just economic ones. However, it always been a good place to hide / Insulate you cash from inflation and taxation.  With no CGT when you well. As I have worked OS allot Ive never been able to settle in one place, should have brought and rented it out while I was away, but that's h…[Read more]

WJ Hooker"As you say – interest rates are so low its too tempting not to buy. And with interest on savings also too low it also pushes us to buy."After my talks at the banks I feel I have no choice as I'm not going to see my cash disappear at such low intrest rates and inflation + tax eating the ass out of whats left.  You are correct other…[Read more]

SHalesThanks mate. I just contacted the bank today re. cash investments, man forget it , the rates are that low you may be better off putting it in the back yard. The feeling in the bank is next month they will even go lower, and I agree. This puts me in a real difficult spot, as Ive invested in other areas than property mainly cash ( as Ive…[Read more]

Mrs PIts great to have cash and no debt. However, with today's interest rate cut the banks will drop their term deposit rates with in hours of the reserve cutting the cash rate. My point is Ive had most of my assets in cash, its safe, but after tax and then inflation + paying rent you will be loosing money.  As you said building prices can only g…[Read more]

DiggerThanks for the reply.  I'm not in that much direct contact with the companies but hang out with a few builders and am on site often. In Victoria I have not seen that many go under. They may be in the red on paper and with any business including mine things can go up & down. I'm sure its harder for the small independent builder as they can…[Read more]

WJYes I new someone would say something about it. I have 3 Degrees and still cant spell, I do have a problem called dislexia (I hope I spelt that correctly) which is a real pain on these forums as it take me ages to check. But I have discovered the spell check on this site. Im sure you will see a marked improvement.  I also enjoy your…[Read more]

WJThanks for the link, I new the index was out today and was going to take a look. So what does this mean. ABS one of the most reliable sources on the state of the economy lol. I think this is taken from an average of all the over priced place in the millions. Not sure. I made a few comments on the forum Value adding.  If you go out and try to…[Read more]

Hi allSome great comment and insight in all your posts. As to building prices dropping, National Builders (one of,  if not the cheapest in Vic.) just put the price of my house up $12,000 in Jan. Along with several price rises before: March 3k, July 9k, Nov 5k and Jan 12,000 so Ive not met any builder that has dropped the price of their product b…[Read more]

Well guys thanks for the replies.  The news to days is another interest rate cut tomorrow for sure, yes again. Maybe a 1% or more. Making interest rates the lowest since the 60s. Most people buy on a loan not cash. I'm sure this will bring people back to the market. Man soon the rate will be like the USA next to 1%.  If property is slow to sell, w…[Read more]

MiaIm sure when your are playing with that sort of money, you took the contract to your solicitor first, I feel you did not, because they would have advised you to go subject to finance.  As the purchase is subject to finance.  The above comment are all good ones. When a brocker tells you to go unconditional on a contract and they have not a…[Read more]

JanetUnfortunity the big profits in real estate to be made by the average Jos like us are at an end the cycle has ended. Yes, it can be depressing to think what the hell can I do to make a financial future for myself & family. As I mentioned re. Super (soulds like you know what I mean) safe fixed intrest too low and to buy property in the current…[Read more]

SpunkyGreat Topic & a very importaint one. Never worry that an agent will laugh at you or your offer. Mate, it only takes 6 or so weeks to be an agents rep. So you can compair an agent with a sales person at the local weekend market. No more no less ( Im sure some one will disagree with me and try to tell me its a 4 year Uni Degree ) They have t…[Read more]

ChrisYes first home buyer, REA love them.  Termites I have a place full of them the only thing holding the place up is the mud the ants leave behind lol.  You have to take each case on its own. Subject to ???? purchaser satifaction of P & B report. normally 14 days to get it done.  Cooling off 3 days. It no good getting it 5 k cheaper if its ea…[Read more]

SeriousnoviceFar be it from me to give advice to others but since you asked.  First: Stop watching those reno TV shows. Second:  Stay out of Bunnings on the weekend. Third: Be realisit. re the following;" i believe there is money to be made if i do it carefully & properly, but i don't know how."  "i have to pay down a huge superannuation loan bef…[Read more]

Thanks allYes you just dont know whats around the corner. I do alot of home work & I thourght they might do somethink one day but right now, man. Yes its too late to cry over it ( done that).  The plant & tree are a good idea, thanks. Yes to hold and sell not a good idea as mentioned too risky.  Will think for a few days first. This was to be my P…[Read more]

PudNo sub divishion allowed & sigle dwelling only. Cost of sub the block would out way the potential profit. Also, with over 1000 new block to choose from too much competition. Not happy camper, urban sprawel too many people living on top of each other. UGB to be increased more land to be realeased for development. Hand prices will…[Read more]

Its not  "how many you have "  Its "how many you own ". I know many young & not so young people that spout they have several investment proterties. Having more then 1 property is not a sign or indicater of smart investing or wealth. As mentioned in Crashy post  "There is only one number that matters……..how long can I survive when (not IF) ev…[Read more]

ChrisIve had fixed intrest for many years & Ive learnt the hard way, its save but after tax & inflation you loose. Chris you seem like a bright lad think about this; 3 things can happen up, down same.  The chances of them going up like in the past is very slim (good to buy now but poor if you want an assett to go up) Going down, well its h…[Read more]

You sould like you are doing the right thing "Thinking first".  Yes mate it can all be a bit much at times "should I buy now get the grant or wait" . Its a difficult question. Its hard for young people to get a house now the prices are to expencive. But at 20 you have time and the best place to invest your money is in your education not the bank…[Read more]