yarpos replied to the topic Best advice : Don’t invest into property : The australian market is CRASHING. in the forum Help Needed! 16 years, 5 months ago
Scamp wrote:
Yarpos : Yes ofcourse. Where do you think the expression "USA sneezes and Australia catches a cold" comes from ?Just look at the events of what happened in USA. Then extrapolate to Australia. 18 months difference, everything else is the same. About the rental crisis : There is no rental crisis. People who say that are blind.Soon it…[Read more]yarpos replied to the topic Best advice : Don’t invest into property : The australian market is CRASHING. in the forum “Remember, Australia lags 16 years, 5 months ago
"Remember, Australia lags behind UK and USA about 18 months. There's trouble ahead when banks stop lending money to potential buyers."have there been previous crashes that Australia has followed in about 18 months?
yarpos replied to the topic Rent setting strategies in the forum General Property 16 years, 5 months ago
you appear to be saying stay out of residential property unless you get commercial type returns , say 8% +. Is that a fair summary?
yarpos replied to the topic Sorting out an application via Internet in the forum Help Needed! 16 years, 5 months ago
"Will live in the investment property and rent out the current home for $380-400 p/week."If you are living in it , its not usually classed as an investment property (are you planning to rent out parts of it?). Will probably come out when you clarify the points the other posters have asked for
yarpos replied to the topic Best advice : Don’t invest into property : The australian market is CRASHING. in the forum Help Needed! 16 years, 5 months ago
devo76 wrote:
My sister is living in the uk (Edinborough). She bought a loft apartment a few years ago and now she wants to come home and wants to sell.And yes she may lose some money but no 70%. What crap. Im sure there are many places thet may expieriance drops close to that but if you were to look at the details im sure the majority of people…[Read more]yarpos replied to the topic Property Valuations in the forum General Property 16 years, 5 months ago
because they all have different internal policies and risk management approaches I guess.I am just guessing but I expect there is no set period for a valuations validity. It would just depend on how dynamic the market has been (or percieved to have been) between the valuation date and the time a review is needed.just thing about this and I have n…[Read more]
yarpos replied to the topic Rent setting strategies in the forum General Property 16 years, 5 months ago
does that approach cause many to leave or is it normally accepted?
yarpos replied to the topic URGENT help needed re: rent increase in the forum Help Needed! 16 years, 5 months ago
seems hefty but keep in mind that you have had the same rent for 12 months, and if you sign up you will have that rent for another 12 months. What the landlord sees is 24 months with one chance to review rent. You need to average the rent increase over 24 months and look around at the market to see if thats reasonable.There are costs on the la…[Read more]
yarpos replied to the topic Claiming depreciation in the forum Help Needed! 16 years, 5 months ago
part of this depends on the situation, are you renovating prior to first rental? in between leases? ATO has some downloadable PDF files which discuss this and provide tables to guide you on what categories of items are depreciated or claimed over what periodquote from ATO site" There are two categories of rental property expenses you can cla…[Read more]
yarpos replied to the topic Property Prices in the forum Opinionated! 16 years, 5 months ago
wezwaz wrote:
I'm sick of hearing with the increasing population and housing shortage, it means property prices will rise.OK, let's say interest rates rise to 15% and oil goes to $200, so that existing properties become completely unaffordable. That's right, we get to a point where lots of people simply cannot stretch their budget any further.…[Read more]yarpos replied to the topic Is frankston area good to invest in?? in the forum Help Needed! 16 years, 5 months ago
I dont think I would buy in Frankston again (unless we stumble on a great deal) as we already have a place there and as I said I think it will quiet down again now. I am happy to hold the place we have there. If you use the search in these forums you will find plenty of debate on the Melbourne east vs west topic, not all rational and usua…[Read more]
yarpos replied to the topic Is frankston area good to invest in?? in the forum Help Needed! 16 years, 5 months ago
mrkueh80 wrote:
I never been to frankston, one of my friend told me that frankston is not really a good area and bit doggy..is that true??? I notice near they sky road…litter bit up north -east of frankston CBD..the house is about 300k and able to get about 4x 2 double story house..which is very cheap compare to close to CBD. I actually…[Read more]yarpos replied to the topic Is frankston area good to invest in?? in the forum Help Needed! 16 years, 5 months ago
Frankston has been a good area for us ….but….I think it may had its burst of growth now and settle back into something like the outer burbs norm. We have been there for a couple of years now and have enjoyed good rental growth and theoretical capital growth (I only beleive that when the contracts are exchanged and the money is in the ba…[Read more]
yarpos replied to the topic Reno cost estimates? in the forum Value Adding 16 years, 5 months ago
only thing that stand out to me is the allowance for tiles, they are actually relatively cheap unless you are going for something exotic. $1000 for carpet (laid) in a 2br apartment sounds low but dont know how much you are re-doing or if you have trade connections. The rest seems reasonable for a budget to me. If you tell people where…[Read more]
yarpos replied to the topic newbie question in the forum sorry if i come across 16 years, 5 months ago
sorry if i come across sounding harsh, but….look at the information you have provided. How do you expect anyone to offer anything constructive? real $ available, value of current apartment, fully owned or mortgage, how much do you want to spend, how risk averse are you, what are you actaully trying to achieve, have you actually done any…[Read more]
yarpos replied to the topic Banks increase rates today UP from 8.95 to 9.03 (anz – westpac)… I told you so ! in the forum General Property 16 years, 5 months ago
well said Michael. We need to adapt to survive. Maybe you should change your icon to Morpheus?re the XU1? a lot of capital growth I reckon…..the prices of iconic cars of that era have been through the roof for a few years now (another bubble?) things like A9Xs and GTHOs have been pulling $50k and way beyond. I love em but dont see that…[Read more]
yarpos replied to the topic Claiming Depreciation in the forum Finance 16 years, 5 months ago
A quantity surveyor estimates the construction cost of your property and prepares a schedule (which is acceptable evidence to the ATO) to substantiate a depreciation claim which is a percentage of the overall property over a 40 year life, not just fixtures and fittings. If the place is new and you have the construction costs then this is a si…[Read more]
yarpos replied to the topic Banks increase rates today UP from 8.95 to 9.03 (anz – westpac)… I told you so ! in the forum General Property 16 years, 5 months ago
wealth4lifemust be nice to communicate with high positoned executives…I'm impressedI cant argue with the motherhood statement of getting good advice, it applies regardless of the timesthe other points are just a list of topics and without anything tying them together. I can present a counter position and say so what? for example:Banks and va…[Read more]
yarpos replied to the topic Tax deductibility on trip in the forum if I was doing it I would 16 years, 5 months ago
if I was doing it I would claim what was actually required to inspect the property …its really a day trip….. airport taxi (or mileage and one day parking) airfare and one day car rental (one airfare if the property is in one name, both if its in both). Just my opinion based on my own comfort level with explaining how I arrived at the…[Read more]
yarpos replied to the topic Holiday home in the forum General Property 16 years, 5 months ago
fascinating post…I assume as you are expressing money in lakh then this is in India?
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