hi guys

i’ve locked in about 50% of my debt for 6.69% for 5 yrs and 6.19% for 3 yrs.
i don’t expect rates to rise much but better to be safe (as i owe a lot), my variable rate is still under 6%.
if i didn’t owe very much then i’d probably go with a variable under 6% rather than fixed rates over 7%
regards westan

hi guys

SIS you have been a busy buyer, well done, i bought 10 in my first year of investing in 1997. what on earth are you talking about “off set gearing principle”. By the way, just be careful, its not the number you buy but the deal that matters, especially in this market.
my best buy recently was in Dunedin (NZ pop 100,000) the asking price…[Read more]

sorry comdom

what’s the question ?
are you asking if a property bought for 40k that rents for 100pw is cash positve then most likely not.

westan

sorry rubberchook

i didn’t realize you’ve been flogged on this debate before.[]

hey, you are a bit rough on us Victorians, give us some credit we hear of plenty of stuff that happens outside Melbourne, we get the important stories out of NSW and QLD (the AFL scores from games at the Gabba and Stadium Australia). But apart from the footy scores…[Read more]

rubbachoock

that was me who claimed that, i gather this Bledislow cup must he some cup to do with a minor code of football perhaps rugby union ? i’m suprised people are still interested in Rugby, no one goes to league games anymore. i believe in Sydney everyones watching the sydney swans. i heard there was over 70,000 at a regular game recently…[Read more]

Stawell Vic, till Dec 31st then Balclutha New Zealand for a year or more holiday/investing
regards westan

hi muppet

i do know what the bledisloe cup is, i was just teasing you.[] Yes i know what it is, i, like most Aussies couldn’t care less about it. its to do with a game over here that’s not real popular (rugby) you see in OZ the real football is aussie rules.
regards westan

hi guys

david check out post by rodgerramjet “Murray Bridge catologue prices” he mentions some recent trust auctions in aedelaide.

westan

thanks very much mike[8D] great report.
regards westan

hi mike what price did the ones in Elizabeth go for, was there much interest and what area where they in?
thanks westan

we have a davis one[]

whats this Bledislow[?] haven’t heard of that before
Craig
its interesting that you say often we aussies don’t pick up the NZ accent, i find i could be talking to someone then all of a sudden they say one word and i Know they are a kiwi.
i’m doing the opposite craig i’m heading to NZ to live on Dec 31st. when i’ve been there…[Read more]

Hi Rugby fan
your figures were not correct have a look at this.
you said
“I bought a place for $17,500 which rented for $75 per week this only returns $5 per week to me.

Income
Rent $75 x 52 = $3900
Outgoings
Repayments $30.90 x 52 = $1606.80
Stamp Duty (1st yr only) $425
Council rates $200
Legal Fees $400
Prop mngmt fee(8%) $312
General Expenses…[Read more]

dave and ian

while steves book was written this year the market in Victoria has changed incredibly quickly. i’ve been investing in property since 1996, it finally twigged for my brother at the beginning of the year, he started going out buying as much as he could, about 8 properties all cash pos. he made the comment to me “i can see the window of…[Read more]

hi redwing actually
got a bit more of the story about the guy who bought the 10 in Moe. he ended up with about 50 properties. When i said friend, more like a business aquaintence. Anyway this guy did real well he bought in Adelaide when i did, paying only 21k for properties now worth 90k, but he went Bust a few years back.
Now here’s a realy…[Read more]

ok C2
1. England
2. USA, russia
3 japan
4 china

i put 2 at number 2 because you said they were equal 2nd. (smart aren’t i).[]
westan

hi redwing

if you are looking for a trust expert try Accountant Dale Datherum Goss in kilsyth Melb. he has written a couple of books on trusts. trusts are an excellent vehicle for asset protection and as tax vehicle.
with the PPOR as a property in a trust, while it may sound a good idea you loose the CGT exemption (on PPOR) with could outway any…[Read more]

c2

who is number 1 ?
its hard to believe it’s not the USA

westan

hi guys heres some more
muppet you could understand me because i practiced on these ones.
Iggs Ecktly – precisely
One Doz – a well know computer program
Beard – a place to sleep
Ear – mix of nitrogen and oxygen
Ever cardeau – advocado
inner me- enemy
Ken’s – Cairns
bye[]

hi Richardo

sorry i forgot to answer part of your question Richardo
“It is a bit dissapointing to receive confirmation of lack of +Geared Properties in Vic. I wonder why that is?”

i think there are many reasons why there is a lack of pos properties as compared to a few years ago. sorry you get my long answer

1st the market was way under…[Read more]

hi richardo

i’d live to join you guys in Melb but unfortunately i’m busy packing to move to NZ at the end of the year. i’d like to hear what you guys are talking about.

for those interested some area out in the west of the state that are close to cash positive, horsham from 90k for 155pw, stawell and ararat 70k for 120pw. smaller towns (if…[Read more]