ajay … all i can say with taking on housing NSW is good luck.My cousin had a house in Ballarat lent out to housing commission tenants. Now there came a call saying the housing commission had decided to remove the tenants from the house because it was 'deemed unliveable' and therefore could be slated for demolition. As you might guess my cousin…[Read more]

Pumperjs,The idea of a buffer account is great. In fact its an unmentioned that you should always separate out your accounts per site for easier accounting. So .. have a dedicated account specifically for a single site property. It means that you dont have to flip between several folios of service and rental receipts to justify the figures. And…[Read more]

The first thing you learn being a real estate salesperson is that EVERY property is on the market. For the right price. And using this you use the fine art of white lies to get people to put their property on the market.Its really the same with development.Make a brochure, plain as possible, stating that you HAVE a developer who is interested in…[Read more]

The correct answer is .. at this stage .. any place you'll get will return an avg of less than 5% no matter where you go. Unless you go country in which case you are placed at a higher risk / maintenance level.There are two ways of thinking on this. First, you can go for a smaller income and just purchase a property outright. In this case you are…[Read more]

matt .. you are treating property as a house of cards or dominos. Sure there are impingent effects that come from crisis in one economy that ricochet off onto other economies .. its inevitable. But then you've got to work with how the country handles itself in that situation.Australia remains at this point a relative safe haven for a lot of money…[Read more]

This is an absolute doom and gloom scenario and totally implausible, placed by someone who has absolutely no idea how the whole financial circle works.First, the US is a basket case for the moment .. because .. it hasnt actually changed anything from what it was doing before the GFC hit. The same people who made bad loans to bad clients are STILL…[Read more]

This is the extra bit i think you should add to the above stated facts from the SMH … which pretty much say .. people who are holding onto their property because its worth money … dont want to have people do things to make that go down.The reality is … property in a civilised society is just an asset .. like anything else. But people moving…[Read more]

Bo5hen,A major achievement .. to be holding that much as a start! Since you have just graduated from university and started on your track to success, there has never been a better time than now to get your investment underway.There are four key components you will be taking to the banks, your savings, your job history,external remuneration (non…[Read more]

Here is your real issue .. <edit> about negative gearing abolishment like its a good thing.At this stage .. thanks to negative gearing .. the owner of the property who is using negative gearing is getting incentives to own a property at great expense to provide housing for renters. This means the government is effectively paying through…[Read more]

TKline posted under at least two other names .. on separate threads. It only takes a glance at his current posts to see he's doing almost exactly the same thing on this account.Talking about housing busts … how the ratio of australian house prices mean that our properties are the most expensive in the world … and extra doom and gloom.He's…[Read more]

Zaul, You are about to get the best advice anyone has ever got on this site. Take it wisely and absorb it thoroughly. Its not big and .. its very useful in your future day-to-day transactions.3 words. Thats it. 3 words of useful information and if you carry them with you .. they'll save you time and again.WORKING …… FOR …….. YOU ……At…[Read more]

I think the real issue with Detroit is you have to assume that any investment you place into Detroit is an absolute gamble. I have got a series of properties there, and they are truly remunerative. But the first thing I did with all of them is pay them off in full. Granted it was easy because they were cheap to start with. But I'm just not up for…[Read more]

Sorry that your wonderful investment in Tamworth is getting a bad rap from poor property managers.Did you try the local LJ Hooker? I thought they were actually pretty good when I had my 3 in Tamworth (9 years ago now) I'm 100% sure they dont have the same agent who worked with me then .. but they were a good co-operative team who did the right…[Read more]

This is the reason I keep saying in country destinations that the tenant is gold bars.The frequency of tenancies remains the critical issue with country properties. If you are lucky and the town is booming then the swap rate between tenancies is acceptable … but .. outside of that .. you really are looking for someone who will want your property…[Read more]

You may have concerns about whether the costs for the agent are proportionate to the service, but just remember .. the agent only earns his commision (after retainer) when the property sells. So .. for your benefit .. the agent has every incentive to sell your property.The agents incentives and costs dont have to be proportionate to the value you…[Read more]

Body Corporate insurance covers all common areas and external facades of the unit or flat. It also covers public liability in the common areas and driveways.However, once someone crosses the hearth into your place .. if he falls over, trips, gouges an eye on a stairwell … slips on wet tiles and breaks his back .. burns down the kitchen while…[Read more]

There are a lot of factors to weigh into when investing in Albury / Wodonga

First, it has been previously a town that resided on the transit from Vic to Nsw. With the recent bypass thats no longer a transit requirement. It doesnt stop it from being a nice convenient 4 hr stopover from Melb .. or a 6 hr stopover from Sydney. Its just not…[Read more]

There are a lot of factors to weigh into when investing in Albury / Wodonga

First, it has been previously a town that resided on the transit from Vic to Nsw. With the recent bypass thats no longer a transit requirement. It doesnt stop it from being a nice convenient 4 hr stopover from Melb .. or a 6 hr stopover from Sydney. Its just not…[Read more]

There are a lot of factors to weigh into when investing in Albury / WodongaFirst, it has been previously a town that resided on the transit from Vic to Nsw. With the recent bypass thats no longer a transit requirement. It doesnt stop it from being a nice convenient 4 hr stopover from Melb .. or a 6 hr stopover from Sydney. Its just not necessarily…[Read more]

API did a writeup that looked upon it quite favourably. They also mentioned a couple of 'success stories' who started off by purchasing a CF+ property in the area at a great discount because it was on the market a long time.At the moment the figures are wholesome and visible. Moree is a shrinking town heading to a size that is trouble, which…[Read more]