Frosty 1              Now is not the time to buy. Sit back and take in what happens over the next year or two. Let the downward swing settle, then maybe if the economy finally turns, then maybe think again about property.              I agree with C2's ideas and some of hbbehrendorff but I don't want to argue against them since everything is so un…[Read more]

Scamp,             Welcome back. I loved your posts, and I read all of the "Don't buy real estate its crashing" or something like that. It had heaps of great information and web information. I wonder how long admin leaves it on?              I think your predictions are coming true!!!

tony, I agree 100% with C2.Without the regular posts of the well informed in the industry we wouldn't get such quality posts.

I'll be quick.No I wouldn't do anything differently. Have just sat back and repaid debt, now can borrow and buy as much as I like ( almost ).Took money out of Growth and into Cash over 1 year ago, so all my Superannuation is safe.Outlook – bad. The world of yesterday has gone ( living beyond your means, buy now pay later.) Properties to drop 20%…[Read more]

Alliance_22                     You need to stay in house for 6 months to meet the governments requirements for the FHOG and get your stamp duty exemption.                     After that ( well more after 3 months or so ) the house becomes your PPOR, you do not pay CGT if you sell your PPOR. You are allowed to leave it for up to 6 years and it wi…[Read more]

gmh454              I think I get the drift?You agree with me about the book being written in another part of the cycle that is gone.?Don't you just love all those real estate agent terms, especially the old favourite "Now is the best time to buy"!Yes, they should sell their house and downsize before its too late to get some capital.

Alliance_22                  5% return is excellent in todays world. Especially if you put in your wife or husbands name if they do not have an income, so you pay minumum tax.                  Or put it in your offset account and save the full amount on your mortgage                   or buy shares today like a bank and get about 8-10% return…[Read more]

Alliance_22                     Was refering to Steves first book, the one Whoopi 2 is reading.crashy                   Agreedevo76              Was thinking sell now get $1,000,000 rent for a while or live with family for a while. When prices drop, buy your block of units or townhouses, move into one and rent the rest. Or some variation on that.

Alliance_22                     Assume you are renting at the moment or live at home? Is it your first property ? Is it in both names ?If its your first property then you will need to move into it for 6 months anyway for FHOG etcIf its your property and you rent or live at home then you still should move in for 3 months to make it your PPOR, then…[Read more]

Whoopi 2         Is your pension from Kevin Rudd or a superannuation pension?Forget what you have read in the books, its all fairy land stuff, even  Steve McKnight admits his book is not possible nowadays.Most people will tell you to go to a Financial Planner , which is fine if you are stupid and know absolutely nothing about investments – just l…[Read more]

shel25  First of all the CGT is only payable when you sell, thus you do not need to think about that for a while.regarding your plan, well…I don't know your income or your partners so cannot say how you are going in that. But, I would not be buying at the moment, wait, house prices , especially in the about $300,000 mark will fall over the next…[Read more]

hsingh10                 In 6 months when you get your $80,000 put it in your offset account ( assuming you have one ).Then start looking for IP's. They will be cheaper and you will have saved thousands.. in the mean time keep reading and doing your maths.

crashy,            thanks for info.But, if I had spare cash, in the long run… you would be better off using gearing and buying say property or shares. Just to let everyone know a basic item of financial interest….." You will never get rich by putting your after tax money in the bank!"

jaffasoft,               Why have you got money in the bank?? as dr house says its fully taxed on the very small amount you are paid. You end up with less than inflation!                Buy shares in the banks and enjoy the fully franked yields.                If you have spare cash them you should have it in an offset account, if you don't…[Read more]

_joyce           rightLOC explained above.Offset account is a loan with an account that is associated with the loan. Thus if you put $1 in the account , then thats $1 less you get charged interest on the loan. But you get no ordinary interest if you have more money in the account than you owe on the loan.

Tara30             I have sprayed or paid for spraying, but I have a new tactic. If the tenant is happy for the following.For houses that are close I buy a $20 spray kit ( 2 litres for outside ) it last for at least few months and one bottle will do twice, so I leave the container for the tenant to use next time. Or for ones I cannot reach, I ge…[Read more]

carlin,           Ok Thanks. Good luck. I suppose if you have some calateral and some deposit you can use different lenders to avoid the LMI or each lender, but I would have thought the lenders would want to know where all the money was coming from and check up and see for themselves? But I haven't read the API article, so maybe I should.

NonnieE                Also, suggest you let the seller know you like the house, would love to keep it in good condition etc etc. In other words , let the seller think you like what they have done and they will think favourable of you. But not too much suck up.                If you have finance already availble then let them know, if you have a…[Read more]

Yes,I got it and deleted it…Eventually someone will always find a way of getting spam into the system.

carlin,           As you know the answer is you need 20% deposit or equity on the complete loan.Don't think you can get out of LMI by going to seperate lenders, you may be mistaken.good luck