Discretionary Trusts were used since the good old days to prevent the king or government .. who would try to get his hands on all your family assets if he could .. (and a lot of the time he did) from being able to attack the individual’s wealth.

They serve a larger purpose of making sure that the wealth vehicle is separate from the…[Read more]

It depends on the other parts of the scenario you have.

If you are earning 35k you can borrow about 200k-ish and get a 300k property of some sort.

If you are earning 65k you can borrow about 350k-ish and get a more substantial property around the 430k mark (stamp duty and transfers starts to get big)

Having been in this scenario with my…[Read more]

Your answer lies in your first sentence.

You’ve got all excited that you’ll be investing in an area where the NRAS is taking place.

HAVE YOU ASKED WHAT NRAS IS AND HOW IT WILL ACTUALLY AFFECT YOUR PURCHASE?

Yes I resorted to caps. Its National Rental Affordability Scheme and that literally means that its subsidy housing to start with.

To look…[Read more]

Hi appg2

This is your working years.
This is the time where you can make the difference in your wealth.
And if you have a job allowing a reasonable degree of leverage .. you should definitely take advantage of it.

Your time is now.

As I keep saying .. a wealth strategy that you can invoke and that works effectively for you is the only one you…[Read more]

There are three sets of people you are going to need to speak to when getting the right advice re: developing a site.

Selling/Listing Agent – Can give you ‘presales’ advice that does not check out with reality on the ground. But can also provide realistic details based on experience. Ask how he derives his knowledge and what he bases it upon.…[Read more]

I think its important to have the failiures listed so you can be aware of what to expect.

Most of them are things that should have been little that got a lot bigger because they were left alone (poor property management)

The tenant who left and decided not to take his 4 cats with him .. locking them in a cupboard. Decomposing cats anyone? Not…[Read more]

Negative gearing is often used to cite a class war .. in other words the rich MUST be getting richer from all this negative gearing benefit and the poor must be paying too much for their rental outcomes from rich greedy landlords.

Its a nice way of saying I CANT COUNT AND I AM NOT PREPARED TO COUNT TO VALIDATE MY STATEMENT.

You can graph it you…[Read more]

Lets read the article as it actually stands.

The issue is that housing is not FAIR to low income tenancies and disadvantaged households.

Yes .. i can tell you from an earlier part of my existance .. when you aint got it .. it sucks paying rent and trying to make ends meet when you only have a pittance left over.

However you have to confront the…[Read more]

Hello Mike .. you’ve chosen the right forum to post in !
I am actually a fan of country property for the high returns that it has.
I have made a stackload of money by purchasing out in areas that most people consider too far and/or undesirable and then manipulating either the use of the property or just raising the rents to the average market…[Read more]

Ronnie,

OFPs are always statistically dangerous because there is no property to begin with.

If you are genuinely looking for investment from an apartment complex .. buy within the first year of 'exchange'

Typically .. up to 40% of a block of apartments will exchange within the first year due to 'regrets' with the investment choice, financial…[Read more]

Hello Ronnie,

You can explain to people a hundred times over that the conditions and the rules for property dont change .. and they'll assume you're talking out your backside.

There are really only three major things you need to worry about in a purchase.

Rarity – Demand – Initial Purchase Price

And three regarding the property…[Read more]

I think overall Johann might be onto a good thing with what I have witnessed in the Greater Dandenong area.

The govt has already spent over a billion to get a new section in town .. revamp a couple of major thoroughfares, the rail station and basically create a new town centre.

If that happens in Geelong … DESPITE the current outflow from the…[Read more]

As discussed in the context of the 'market comparison' that you sent .. the property was DISCOUNTED by 200k before being sold at the price of 330k-340k (eventual sale price undisclosed)

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17 Knight Street Willaston

UNDER INSTRUCTIONS FROM MORTGAGEE!…[Read more]

I have no idea why you are approaching the idea of a five unit mini-retirement village on this block of land.

Firstly the specs for a retirement unit these days are usually first class anyway .. and you wont end up with a nice package for the amount you ask.

Secondly any retirement unit worth its salt has facilities on-call or standby so that…[Read more]

I'm not going to answer your question Robbie.

YOU are going to answer your question.

I'm going to fill you in on what you look for in an investment that is different from what you look at as a consumer. OR IS IT DIFFERENT?

As a purchaser of a unit or house for usage you look for the requirement of facilities of utility value within easy…[Read more]

Hi Engelo .. long time no see .. thought I would add my two cents to that bit of wisdom.

You have to work with the whole bundle.

There is no point jetting into a burb with no experience and assuming you can rule the roost within a week.

You have to know .. the lay of the land .. the markets and customs of the people .. the laws of the land ..…[Read more]

Elizabeth .. you are striking out to achieve something that your parents could only have hoped you'd achieve .. and they would have dreamt about.

My incentive has been an orange box. A wooden orange box (try finding one these days .. its harder than you think). I actively sought one out and purchased it as a reminder.

My father came to England…[Read more]

Considering his track record .. and you can google that .. his record for forecasting accuracy leaves a lot to be desired.

I wouldnt trust Harry Dent with any accuracy let alone what he thinks he is capable of.

The Age Newspaper is notorious for putting articles out on a near weekly basis criticising either the value of housing .. the lack of…[Read more]

The list of your mistakes is numerous.

(1) Lowballing on a property pre-auction without defining his pricerange accurately. Since most agencies provide a range of interest that is lower than achievable price you have people who STILL lowball that price thinking they can go even lower.

He's got high expectations pre-auction and until he has…[Read more]

I went to investigate the whole Cairns/Port Douglas/Palm Cove/Kewarrah Beach in April 2013.

As you might guess .. I also had seen the properties going for pennies in the dollar and wondered what it was all about.

How low? At one stage I could have picked up SIX apartments for a little over 130k

At one stage the apartements got as low as 15k

So…[Read more]