Congratulations in holding on so long !

Property goes through a property clock cycle. Sometimes its good to purchase and you'll make quick profits depending on what you paid.

Other times you sit through an extended period first of all waiting for your initial price to return .. and finally look for a profit.

It depends on when you bought in ..…[Read more]

Both are related to a Property Game called Monopoly?

Quite sure you might have heard about it. Its been around for a little while now.

Thanks for your insight dzha1408 !

What you'll find is that if its being offered and its a genuinely good rate, there will be several brokers who will be on top of it for getting the best rate. The guys on here should be able to get you close enough to a great rate.

Point is .. if you got the best deal .. the rate plus or minus a percentage…[Read more]

To answer all the points in your post directly and link it back to my previous post .. i will answer them one at a time.

Firstly my long term goal is to own income producing assets which will one day replace my regular job and I hope to do this through residential property.

Admirable. Thats where we all start. Wanting to achieve a little…[Read more]

Gus your first entry is mired in confusion.

And realisticly …. it doesnt need to be.

Can I sacrifice equity in my PPOR to start my property investment? Sure you can .. but it comes at a cost.

Can I look at growth patterns and good returns as my way for moving forward? Of course you should !

There is no point in investing in a dud area if you…[Read more]

I love answering questions which seem to state the obvioius with an ambivolent … IT DEPENDS.

You should always have some idea about the structural integrity and quality of your purchase. If its a good shell and a mediocre interior, then it really doesnt matter whether the building is 5, 10 or 50 years old. A good build survives time a lot…[Read more]

Investing in an aged 55 plus unit is very much like investing in a mobile phone.

Its gotta look good .. be functional .. and have the facilities you require.

Its only AFTER you have purchased .. that you find the real expense comes from the billing system.

As an investment for longer term growth, no. As a means for finding out what its like to…[Read more]

I'm always open to criticism.

But depending on how relevant it is .. depends on how long and how much time i will spend on listening to it.

You see .. sometimes .. people know something you dont. Most times .. they dont. But the little bits they may or may not add to the conversation .. may fill in bits i dont know.

Take criticism as an…[Read more]

Answer is really quite simple.

That little scrolling WHAT IS HAPPENING NOW takes names and actions and links to what you did and piles them all together.

That would be ok if it was static (in other words not moving).

However .. its moving along at a steady pace .. updating the table .. AND NOT CLEARING THE VARIABLES.

What that means in terms…[Read more]

The idea is to have your tenancy in the property as long as possible.

Therefore .. the best sort of investment property can be greater than a singular use for the tenancy concerned.

1BRs in the city are facing two major problems. Specification – allocation of only singular subgroups …. and Saturation – there are more one bedders in the city…[Read more]

You'd be rolling a pair of dice to work out which of the two mentioned investments have the better long term growth.

The first one is mentioned in Surfers … one block back from the beach. What tends to kill a lot of the Surfers Paradise investments is the continual sets of new apartments that are released onto the market.

But here's the funny…[Read more]

Rob I just prepped a 43 year old into her own format of self sufficiency.

The only difference that I would suggest for a later start is that you diversify your risk component. If that means houses over units .. then that means a couple of houses rather than a single one .. even if it means at a lesser value.

As you get past a certain age the…[Read more]

It really depends on your level of confidence in the tenancy and the level of risk you are prepared to take based on that tenancy.

I used to be hopelessly conservative on my tenancies.

I would stick to a level of lower middle class (in other words, new immigrants who knew how to look after a place and poor people who were on the climb up). Low…[Read more]

Well .. the rates are phenomenally low at the moment, but the Banks are tougher on what they'll let through.

So it might be around the 6% mark at the moment .. but its usually been as low as it will get. Historically it tends to bounce back up.

You'll do damage to yourself if you take on the prospect of lower inflationary numbers and cheaper…[Read more]

I have seen this one about four months ago.

Its actually quite an acceptable buy. Its central Gundagai … and its in a good position to be an ongoing commercial facility. Your risk is split among five tenancies, so there is no single core dependancy. From inspecting .. it was containing a gift shop and a clothes shop last time I saw it. I dont…[Read more]

I know whats holding you back.

The chance that you just might fail.

I mean .. you've heard of all the stories about how some people have bad experiences with property and lose heaps of money. You've also heard the ones about the person who is now driving a hot sportscar and owns several properties and did really well.

And the friends you have…[Read more]

If you werent paying it .. you would end up being uninsured on any activity in the common area.

Someone smacked their head on your shared driveway .. you wouldnt be covered.

House and contents insurance wouldnt cover it either. Thats only internals, household items and internal fixtures.

And if your neighbours house burnt because of faulty…[Read more]

Mick .. the amount involved is pitifully small in relation to the overall cost of the deal.

Secondly, it may not seem necessary to have insurance at the time, but the moment you dont .. you'll be paying for it.

Lets assume your property is worth 350k (i'm guessing here) and that your borrowings are most of it. (say 80%).

Lets assume a staggered…[Read more]

People tend to forget that property is cyclical.

That means one area has a bad time .. while the other area has a good time. And this can swap at a moments notice.

People often dont move until they see other people starting to move as well. And following them .. they make their decisions too.

Brisbane and the Gold Coast got hit badly for a…[Read more]

Strata Titling must follow a series of individual unit compliance.

Every council will have different recommendations for strata compliance.

When taking on a block of flats you'll find some of the current recommendations is that every unit has proper annotation and allocation of a carspace to the relevant unit, that the units have separate…[Read more]