Hi MartoaAfter much discussion we have decided to not sell any of the three properties. Since then two of them have become vacant, which given they are fully furnished is not surprising! We have yet to find a tenant for the first (six weeks so far) and are beginning to lean on the agentThe second only came up 2 days ago – fingers crossed there!…[Read more]

The point of asking the questions is the sleep at night factor. After the FHOG ends at the end of September/December, I am anticipating a drop in the market, and am concerned how this may affect me. I am 90% geared (and yes the valuations are current!) and the reason that we are c/f +ve is because the properties are tenanted furnished – it costs…[Read more]

Thanks for that Terry,I am not sure why, but I think the point is being missed….. anyway – to answer your questionsWe cant convert to IO now – we are awaiting fixed rates to expireWe currently rentWe are not even close to factoring in things like CGTMy questions are about whether to hold three properties (which are doing ok) through the…[Read more]

Richmond, not for a few years, East Melbourne will go IO in September, but at the end of the day, that is not really the issue, as overall we are ahead by about $400 a month. I agree that will increase the buffer, but I am more concerned with the gearing levels, and future of property. In Steves Budget video, he talks about the end of the FHOG and…[Read more]

Hi

Any one looking to set up a company in NZ can email me at [email protected].

I am a kiwi and can set one up for you relatively inexpensively andit takes about 3 weeks.

Irish Kiwi

Having worked for Westpac (NZ) in their specialist Property Finance Unit I make the following observations (assuming Westpac NZ and Westpac Oz work the same way)

When financing a commercial property deal (ie anything which is for making money – not as a residential purchase) the banks look for 3 ways out (in no particular order).

Sales/…[Read more]

Salubrius

Is the regular listings that you get common knowledge? Or is it a private thing.

If its common, where is that sort of information found? A website or specific business type?

I am not trying to “steal” your listings, just get an idea of where to look myself

Thanks

Frog

Hi,

I have a house that I am thinking of selling due to the possible interest rate movements.

My email address is

[email protected]

Regards

Wide Mouth Frog