http://www.collins.net.pr/Photo/House%20photos/135%20Henry%20St%2C%20Brooklyn/3%20-%20Final%20Outcome/photo.htm

http://www.collins.net.pr/Photo/House%20photos/135%20Henry%20St%2C%20Brooklyn/thumbs/3_-_Final_Outcome_2009-04-04_19-29-31.jpg

We haven’t sold our Sydney IP’s…….but we haven’t bought any more either since they removed the 50% LTCG tax discount for expats either.

2Bd/1Bth/Kit/Laun/Combined Living and dining room with 2 coats low-sheen white on the walls (3 in the bathroom as was changing from blue) and semi gloss white on doors and trim $1850+gst

Nick and his team at Love and Care Painting went above and…[Read more]

Property in the USA is cheaper because they have more tier2 cities.

I’ve said it before multiple times until its just as cool to live in Nowra, Orange, Port Macquarie as it is Sydney, housing=expensive in Australia.

This said regarding property taxes……you have to remember property taxes in USA is different to council rates in…[Read more]

Property in the USA is cheaper because they have more tier2 cities.

I’ve said it before multiple times until its just as cool to live in Nowra, Orange, Port Macquarie as it is Sydney, housing=expensive in Australia.

This said regarding property taxes……you have to remember property taxes in USA is different to council rates in…[Read more]

Sorry for the delayed response.

Yes I bought a brick (well I bought it for my nephew to try and open his eyes about who delayed gratification works etc and makes money while you sleep).

What do you want to know?

You buy….you collect rent. If you decide you want to sell….you sell on their platform (they take a cut) and you get the…[Read more]

If you don’t have the ability to borrow from the bank you are basically asking someone to hire you just for labor only?

How many property development deals have you completed?

How many block split deals have you completed?

Why would someone hire you to do this labor with no experience??

Hope you understand my questions are trying to…[Read more]

If you don’t have the ability to borrow from the bank you are basically asking someone to hire you just for labor only?

How many property development deals have you completed?

How many block split deals have you completed?

Why would someone hire you to do this labor with no experience??

Hope you understand trying to be helpful.

Likewise a Freddie or Fannie loan from any of the major banks should still be non-recourse.

Non-recourse means you can walk away from the loan by giving up the property in a short sale and not owe anymore, obviously you lose your equity but most loans in the…[Read more]

Likewise a Freddie or Fannie loan from any of the major banks should still be non-recourse.

Non-recourse means you can walk away from the loan by giving up the property in a short sale and not owe anymore, obviously you lose your equity but most loans in the…[Read more]

Likewise a Freddie or Fannie loan from any of the major banks should still be non-recourse.

Non-recourse means you can walk away from the loan by giving up the property in a short sale and not owe anymore, obviously you lose your equity but most loans in the…[Read more]

Yes Amanda from Elan Legal handled everything we needed as far as conveyancing remotely.

No we didn’t need to visit Australia.

Stewart Noble from MyLoanExpert was the mortgage broker we used for our last purchase in Dec 2016 which was financed through Westpac (the Narwee apartment I mentioned in 2015 above was through St George) and…[Read more]

Don’t get me wrong no one would be upset about winding up the fund, considering how awesome the returns have been based on the $A move. I’m sure some people would be happy with selling the assets and returning funds ahead of time.

Cheers.

This said…..who did you borrow 30 year fixed where you had a fee for pre-payment?

We originally were with Citi, then Chase and now BOA…..when we refinanced the first 2 no penalty for prepayment (and nothing in the BOA docs as far as I know…..).

We were with Citi and…[Read more]

I’ve never understood why paying back fixed loans to Aussie banks result in hug penalties….but in the USA they don’t care?

https://www.propertyinvesting.com/wise-words-unexpected-source

Curious is anyone who is invested in the fund aware with Steve moving back to Australia take it as an indication they are closing the fund (or closing out his personal position?)

– http://www.ampac.net/au/products/detection-and-mcps/xp95-intelligent-detection

We have some faulty ones that are “triggering” in our complex and astounded at the costs in replacing these.

eg “Arnlew” quoted $1,716 for replacing 8 detectors at $195 each +10…[Read more]

Anyone staying with @Westpac deserves to get shafted after they raise investor rates 0.28% to pump up profits.

There was NO corresponding RBA move, this is just profit driven. and the RBA wanting to put a cap on “investor driven property prices” are too gutless to say anything.

-…[Read more]

Anyone staying with @Westpac deserves to get shafted after they raise investor rates 0.28% to pump up profits.

There was NO corresponding RBA move, this is just profit driven. and the RBA wanting to put a cap on “investor driven property prices” are too gutless to say anything.

-…[Read more]

Terry, its a screwup as the word “Australian” should have been removed in the last round of reviews.

1 in 20 Australians currently live/work overseas….and by pure…[Read more]

1 in 20 Australians currently live overseas and some of these would most likely be property owners so even though we can have “electronic communications” and attend AGM’s via skype or electronic…[Read more]

We had rising damp in one of our IP’s about 8 years ago. We hired a professional company to come in remove the plaster from floor height to about 5ft up, they then inject silicon into the walls, then replastered after about 3 weeks then repainted.

Looks great and solved all the problems.

As for the person who said knock down the…[Read more]

Can you post some before and after photos and details on prices/who you used.

– http://www.rba.gov.au/fin-stability/fin-inst/main-types-of-financial-institutions.html
– http://www.apra.gov.au/ADI/Pages/Default.aspx

is it just that “banks are govt insured” and “finance companies are not”? or is there something else that differs?

eg
“Finance companies raise funds using debentures and…[Read more]

Why does APRA require the big 4 banks to calculate serviceability at 7.5% BUT Latrobe/Pepper Group/Liberty etc don’t need to follow these guidelines?

TIA,
Dean

We are in a situation where St George wouldn’t lend on our last property purchase (even though our negative gearing is only around $10k per annum and last year we paid down our loans at approx. $10k per month off the principal)…[Read more]

Anyone think if they remove or reduce the 50% discount on housing……that they will still apply the 50% discount for shares and investments other than property?
(eg only 25% discount on property investments…[Read more]

Was really surprised to hear that they are looking at around $180 minimum per week/…[Read more]

Came across this article on NZ and retweeted back to them why its a terrible idea and thought more than a few of you here might agree
– https://twitter.com/deancollins/status/824341625476435975

nope….yields in property just plain suck here (though this is my PPOR), because NY City sees property as a cash cow (which is why a lot of people are commuting from bedroom suburbs like NJ and CT etc (think Gosford etc)

our particular unit is the largest due to combinations of smaller apartments but most of the apartments in the…[Read more]

We just completed our New York coop’s expenses spreadsheet for 2016 to send to the accountant. (a coop is like a strata…..but over here the strata pays for city taxes…eg. Council rates not the individual a…[Read more]

We just completed our New York coop’s expenses spreadsheet for 2016 to send to the accountant. (a coop is like a strata…..but over here the strata pays for city taxes…eg. Council taxes not the individual a…[Read more]

Thanks for confirming.

– https://www.bloomberg.com/news/articles/2017-01-03/wall-street-america-s-new-landlord-kicks-tenants-to-the-curb

I know BrickX and other Australian versions of “big end of town SFH property investment” hasn’t penetrated much in Australia but would be interesting to see how this went down in Australia.

Would be great to get some local Chinese news sites with google translations on what people are saying about their decisions.

Will this finally mark the top of Chinese investment in Sydney and…[Read more]

You will just end up paying entry and exit costs twice.

Firstly, are you getting market rent?
Secondly, are there any small and cheap renovations you can to do the property to increase the rent? (dishwasher/new paint etc)
Thirdly, if I knew what you know now at 22……I’d be ecstatic, you are way way…[Read more]

5 year fixed from Westpac went from 3.99% last week to 4.59% today???

Seriously a 0.6% move??

I’d be super pissed if we weren’t already locked in, that’s crazy talk and a ridiculous profit gouging move? Cant believe they are going to be selling much business in the next few months at this rate.

– http://www.smh.com.au/business/banking-and-finance/nab-and-westpac-say-more-parents-guaranteeing-kids-loans-20161122-gsut7a.html

I cant understand how people aren’t needing to cut back on spending on holidays/tv’s/new cars etc based on how expensive Sydney properties are getting.

Unless while i wasn’t looking…[Read more]

Seems like a well run group however a things I cant get past……
1/ Their PM fees seem very high
2/ Their “pre-purchase” structure seems prone to abuse
3/ their entry and exit costs are high’ish’ (though no worse than stampduty/agents fees etc etc BUT bricks and mortar…[Read more]

This said money is getting a lot more expensive here in the USA, some people are saying bonds are oversold on the rapid move….but I’m not sure, I expect to see a lot of inflation here in the USA over the…[Read more]

Unfortunately they seem to tell you about the “apartment” but not really where the money is going and why the strata fees are high.

But next time I get a strata manager tell me they don’t want to provide any info i’ll send them a form letter asking for the minimal amount and quote the regs just so…[Read more]

I’ve had a situation where I am about to bid on a property but am concerned as to why the strata fees are about $200pq higher than they should be for a building of this size/age.

When I asked for a copy of the last two years records the strata manager has refused to…[Read more]

Likewise you are right about St George not knowing what they want and no allowing us to increase our portfolio loan……and that’s why they don’t get our business either. :)

Westpac took forever to get approved and came back twice to make…[Read more]

Likewise you are right about St George not knowing what they want and no allowing us to increase our portfolio loan……and that’s why they don’t get our business either. :)

Westpac took forever to get approved and came back twice to make sure we…[Read more]