Kay,

Definitely disagree with the slums of the future statement.Many of the residents (outside of professionals) are international or students of varying Asian backgrounds, and even Asian families who have migrated to Australia. Unemployment is not an issue here.

Whilst the buildings are not the HMAS in Port melbourne or The Melbournian on St…[Read more]

The application of taxes and/or duties between the different levels of government are very rarely co-ordinated. Different political climates, state economies and budgetary considerations, tend to override the logical approach of a strategy to minimise the distortions that taxes have on the economy.

Word is that the NSW Libs will have as their…[Read more]

As for Peter Garrett, the last high profile recruit that came to the Labor Party was Cheryl Kernot…..and she was a real bonus!! (well at least for Gareth Evans)

James

Character Movie
Selena Kyle Batman Returns – Catwomen
Michelle Pfeiffer (prrrr!)
Jack Napier Batman – The Joker (Jack
Nicholson)
Frank Dux Bloodsport (Jean Claude van
Damme)
Stanley Goodspeed Leaving Las Vegas (Nicloas
Cage)

James

Redwing,

Instead of selling up, I rented out of my previous PPOR and am now renting myself. I have rented two blocks from where I used to live (which means my walk to work is now 7 mins instead of 15).

I am paying approximately $400 month less (although I am staying in a smaller place/older place – this was done deliberately though). Of course…[Read more]

Just to clarify,

NSR – net servicing ratio?
UMI – ??????

Derek, I agree with you wholeheartedly. Our economy is not recognisable from the early 90’s. One thing is also certain. In 2015, so to will today’s economy.

This then begs the question, what do you think this means for property within the new macroeconomy environment.

James

Ian McFarlaine is the Governor of the RBA, of whose responsibilities include amongst others

1. monteray policy
2. objective of achieving low and stable inflation over the medium term
3. maintaining financial system stability and promoting the safety and efficiency of the payments system

If there is someone, who does not have a vested interest in…[Read more]

In 2009, the plan is to have follows;

Number of properties: ~8
Net equity: ~$1,100,000 (forecast at average of 2-4% capital growth for the next 5 yrs)

Within the next 2 years, assist (financially) my parents build their holiday home on the island my father was born in Greece.

Keep educating my sister, to purchase another few IP’s (she is happy…[Read more]

SuperTed, is this just a marketing exercise or is there a change in policy at ANZ to be more aggressive in the housing market?? ie servicevability criteria etc

Would have thought that most banks being the conservative organisations they are, would be less inclined to pursuing market share in the housing investment market now…

James

In light of 2 x 0.25% interest rate increases, NSW exit taxes, the effect on the property market over the last 3-6 months has been, IMHO, disproportionate. (And not forgetting that most states have now 1st home buyers stamp duty concessions of some sort).

If you believe the figures, Melbourne has dropped in the vicnity of 13%, because interest…[Read more]

Agree with Kay, more detail please…However, in anticipation of that, I am pre-empting some of my questions….

Whos is the person/organisation giving the guarantee? Will they still be around in 5, 10 years

What are opportunities for capital growth? Location

Is the property ‘specialist’ because it is designed specifically for lessee? Could…[Read more]

MrSimba2,

If two people purchase an IP under common tenancy, the legal ownership is 50/50. The deuctions are allowed in line with ownership rights ie 50/50.

If you buy as tenants in common, you can assign whatever ownership split you like. ( eg 60/40, 85/15 etc). There might be some advantage if for example a couple had significant diferences…[Read more]

Lambsie,

Eligibility for deductions (self-education) is that you can claims deduction for those expenses
a. in which maintains or improves skills/knowwledge that you exercise in your current income earning activities
b. more likely to lead to an increase in income from your current income earning activities

If you have not started investing,…[Read more]

Great journeys start with the first step. Congratulations…and to many more in the future…[party]

James

1Hotvaluer,

If you are holding property for the long-term, surely, Tasmania, doesn’t have the fundamentals to be an optimal location to invest in property.

From 1976-2000, population growth in Burnie-Devenport, Hobart & Launceston are in the lowest 15 cities in a 70-city average. Other cities/towns in this bottom 15 includes Mt Isa, Broke Hill,…[Read more]

Stelep7,

A $550k debt will take a substantial amount of investing in cashflow positive investments ie more debt, to generate the cashflow to start making a dent into the $550k. It sounds like your brother is at the point where his threshold (at least psychologically) totake on more debt has been reached. If you were both comfortable with taking…[Read more]

Mikefrost,

Not sure about the project you are referring to so cannot talk specifically, however, I had looked at student accommodation in Melbourne. Next to Swinbourne University in Hawthorn.

The size of each apartment is between 25-40 sqm. Banks are not keen on giving loans even to 80% LVR. Therefore you will have to put in more as a deposit…[Read more]

Melbourne – Tomorrow night (3/6/04)

Michael R,

being from the US or at least residing there, whilst the fed rates are 1%, what are mortgage rates? Business loan rates??

having spoken to someone in the last year from the US, they were indicating the home mortgage rates were around 6%. This seemed high given fed rates were at 1%.

I was watching CNBC the other night, and a range…[Read more]