Either:

a) do whatever it takes to prevent a recession

or

b) Jack up the rates to however high out of necessity to fight inflation

Yes, either choice would suck for a group of general population or another, but at least it brings results and outcome.…[Read more]

Of course, nobody has a crystal ball to say if this will continue and if so for how long.

Having said that though… I was able to do this a few times… the only difference being I did buy/reno/refinance instead of buy/reno/sell.

Too much cost involved with the sell scenario……[Read more]

I came across one of their webinars years ago. While the content discussed by the presenters were OK (eg: don’t buy negatively geared properties, focus on good cash flow, etc…), however, it was after I spoke to their consultants as well as being offered some of the products that I decided to…[Read more]

I was watching SBC news the other day where the journalists interviewed some remote aboriginal leaders and those aboriginal leaders said directly…[Read more]

An example is those who buy negatively geared properties in hope of big capital gain, they seem to not realize all of their profit comes in a single…[Read more]

To those who are experienced and know about SA and / or WA market.

I am trying to identify the right areas for me to look at in SA and / or WA. No need to pin-point exact but want to know general area to look into.

Reason why I am finding it a bit tricky is because, unlike VIC or NSW, where the market pattern is somewhat clear (that is,…[Read more]

To those who are experienced and know about SA and / or WA market.

I am trying to identify the right areas for me to look at in SA and / or WA. No need to pin-point exact but want to know general area to look into.

Reason why I am finding it a bit tricky is because, unlike VIC or NSW, where the market pattern is somewhat clear (that is,…[Read more]

To those who are experienced and know about SA and / or WA market.

I am trying to identify the right areas for me to look at in SA and / or WA. No need to pin-point exact but want to know general area to look into.

Reason why I am finding it a bit tricky is because, unlike VIC or NSW, where the market pattern is somewhat clear (that is,…[Read more]

1. Money are being massively printed and those money has go to somewhere. They are unlikely to go into things that will lose value over time in the long run. In fact, some even go as far as “if government keeps printing money with no limitation or intention to stop, then just buy” kind of thinking.

2. Pandemic…[Read more]

1. Money are being massively printed and those money has go to somewhere. They are unlikely to go into things that will lose value over time in the long run. In fact, some even go as far as “if government keeps printing money with no limitation or intention to stop, then just buy” kind of thinking.

2. Pandemic…[Read more]

The biggest argument is something like: a 2M property increase 10% means 200K increase in value, but a 10% increase to 500K property is only 50K.

However, I think it is interesting to think from a slightly different angle, that is: what are the costs associated with…[Read more]

The biggest argument is something like: a 2M property increase 10% means 200K increase in value, but a 10% increase to 500K property is only 50K.

However, I think it is interesting to think from a slightly different angle, that is: what are the costs associated with…[Read more]

Some suggest I look in Logan region, still possible to get a house with 300K, or some better suburbs where we can try to get a newer / better…[Read more]

Some suggest I look in Logan region, still possible to get a house with 300K, or some better suburbs where we can try to get a newer / better…[Read more]

My family are considering buying a place in QLD, that can function as our “holiday home” for the moment, but can become our “future home” as prospect of us relocating to QLD is on the cards. My wife thinks VIC winter is too cold for her liking and she has some good impressions with QLD.

Anyway, we don’t necessarily want to buy a house…[Read more]

The first step I mentioned to “work out your goal”.

I mentioned this is due to the strategy would be different depending on the goal. This is a “technical reason”.

There is also another reason that I would like to add in. This is more of a “psychological reason”. That is during the process of making investments,…[Read more]

Also per one of my posts in the forum.

Work out what you want to achieve first, then work out a strategy that aligns with your goal (eg: if you want to live of 20+ IPs passive income and be able to quit your job, then the strategy of buying negative gearing IPs probably isn’t going to align with your goal very well).

Then find the right…[Read more]

Seen a lot of posts here where people are just starting and not know how to start.

The suggestion I have is: work out what goal you are trying to achieve and the strategy first, before you even look at the first property.

Basically it works like this:

1. Work out what are you trying to achieve with buying properties. The reason is…[Read more]

Without high yield you don’t get serviceability to apply for more borrowing (unless you have an insane amount of cash that you don’t need to borrow)

Without high growth, then you don’t get enough deposit to buy the next one

Instead, it is also important to think which one will break you.

Lack of growth may make things…[Read more]

Asking about putting building inspection clause in a contract. I would like to find out has anybody successfully got vendor to remediate an issue that is NOT exactly considered a “major defect” before?

I understand that if a major defect is found, the buyer has the option to pull out of the contract. (or alternatively the vendor can offer…[Read more]

I have made the rule to do the following:

1. Look at “Sold within 800-1500 metres radios in the past 2-3 months” and make offers based on that, as long as the numbers make sense to me. It is up to vendor to accept or reject my offer but it is up to me to make my offer.

2. Never up my offer unless I am…[Read more]

Where you make money is not when everything is done for you, but instead for yourself to overcome…[Read more]

Where you make money is not when everything is done for you, but instead for yourself to overcome…[Read more]

$1500 for food

$800 for loan repayment

Not only will banks add a few on top of the $800 to make your loan repayment look bigger (akin to adding an extra 2-3% on the actual interest rate to stress test your loan), but they will also add some money on top of $1500 for food to make it look like you…[Read more]

If my living expense (not loans, etc.. just pure non-debit expense) is 1500 per month, will banks automatically assume it is 500-1000 higher than my actual spending as well?

I understand that when applying for a loan, banks would use a rate that is higher than the actual interest rate to assess your serviceability, such as if the actual lending interest is 4%, banks might internally use 6-7% when analyzing your application, as a way to ensure if the interest rate hikes, you will…[Read more]

Experts get them wrong the whole time.

Media keeps on hyping it up but gets them wrong all the time.

Economists get them wrong the whole time.

Business Analysts get them wrong the whole time.

So what makes…[Read more]

In my example:

Instead of buying at standard $250K market value, investors buy at $150K, spend $20-30K adding value and result in property achieving $250K value even though they only spent $180K on that. And as far as from practical application’s point of view, investors considers t…[Read more]

Instead of buying at standard $250K market value, investors buy at $150K, spend…[Read more]

In the Eastern Asian philosophy, they say “you can control the Earth, but you can’t control the Heaven”.

Market is like “Heaven” to my opinion and I have no…[Read more]

One of the things that always tends to get me is most people (agents, tenants, property managers) tend to think “a better kitchen / bathroom” adds more value than “better carpet / wall paint”.

It seems there is a general perception that “a…[Read more]

I haven’t seen anything popping up that is below 200K in Traralgon recently. In fact, it appears the cheapest properties that show up now days in that area are now at least 250K or more.

I bought a house in Traralgon for low 200K sometime last year, and recently I see a well renovated…[Read more]

I haven’t seen anything popping up that is below 200K in Traralgon recently. In fact, it appears the cheapest properties that show up now days in that area are now at least 250K or more.

I bought a house in Traralgon for low 200K sometime last year, and recently I see a well renovated…[Read more]

It appears there were a few sold in North Eastern direction of Horsham and they were sold for low 200K or below 200K. But then there are also a few sold for over 300K in that general direction as well. (A few sold at Dooen Road for well over 300K).

Speaking with agent, I was told the places near Mary St / Winifred St,…[Read more]

Today I hear the term ex comissioned home for the first time.

Is someone able to explain what it means? (tried to google, there are lots of “opinions” about if they are good/bad, but haven’t been able to find a proper definition).

Also, why are they good / bad?

Steven

I haven’t posted at propertyinvesting.com for a long time. Not sure if this is the best place or if this should be a question posted under “Legal and accounting”.

I don’t need very specific answers as I understand it is probably a discussion best to be had with Accountants in greater. However, I am interested in finding out if anybody…[Read more]

But I went ahead with a different training (which is the reason why I am now in both Australian and New Zealand markets).

By the way, you said “it’s sad how many great presenters/sales agents are out t…[Read more]

For those investors who are experienced. Can you please advise what is the best approach to get agents to talk to you when you research and look into an area that you never looked into before?

My personal experience is that the agents in NZ are significantly easier for me to have a dialogue with than the local agents where I am based…[Read more]

Question for those who are active in Victorian market. I haven’t been looking for a while so I am kind of out of sync with the market at the moment.

Anybody able to advise which areas are best suited to buy run down properties to renovate and then rent after renovation?

I am flexible with price bracket though trying to keep it within…[Read more]

Make offers based on numbers that:

a) makes sense

b) provide you with buffer

c) allow you to add value so you create equity rather than “waiting for equity to build up over time”.

Study the area well and make sure the place where you invest and how you invest fits your strategy.

My first IP was bought when I had very little knowledge of how to invest, and it is negatively geared. It is still negatively geared even today.

My IP in NZ was like this:

Standard price on market: 220-240K, with rental income in early 300 per week.

I bought one at 150K (then rented at 240 per week). Renovated for about 33K,…[Read more]

I went elsewhere for the same reason as you are thinking. Low return of investment, high price, having to pay stamp duty, etc…

Build your relationships with local resources. It is difficult initially but it is good once you have contacts and relations.

I come from a Chinese background and there is a proverb in my language that says “好死不如烂活”… which means something like “bette…[Read more]

I come from a Chinese background and there is a proverb in my language that says “好死不如烂活”… which means something like “bette…[Read more]

I have in the past seen friend’s friend doing it, they post some kind of “bulletin” near train…[Read more]