hi Rolf
Thanks for this.
But that was precisely the reason for my question.
Throughout this thread people have been saying things like wow CBA gives 1% discount and then another would say, but Westpac gives 1.25% discount. It appeared to me from the way they were describing it, that...
Hi HiEquity and Ausprop
Both your strong stance on -ve gearing has really got me thinking. I'm a great Warren Buffett and Margaret Lomas fan, but when it comes to following their principles, I'm often very weak :(.
When I first came on this forum I was inspired by this thread and its...
hi HiEquity
Thanks again for your reply.
Your two examples: Karratha and Office space only reaffirms my point that +ve cash flow residential properties in metro areas are hard to come by and no longer realistic. Office space investments come with a wrath of different issues of its own and...
Hi HiEquity and everyone on this thread. Firstly I agree that this is a fantastic thread and I want to get it back to the topic on bargins.
I think we can all agree that good +ve cash flow is important but I'm finding "realistic" yields to achieve +ve cash flow near on impossible to achieve...
newb question: but where do i find the std rate from which this discount is based on?
I didn't realise the discount rates quoted by banks (eg 0.08% discount) was a means of comparison across banks. I always look at the comparison rate and use that figure as opposed to whether the bank says...
Thats great twobobsworth.
For future searches of suitable IPs is there really a way to know the depreciation amount tho? ie all the property books talk about its importance, but none seem to provide an accurate way of working out a ball park estimate.
Hi Everyone
I'm interested in buying my first IP and I've got a couple of questions regarding estimating the building/capital depreciation. I need this to work out if this property will be close to being +ve cash flow (attractive) or -ve geared (not so attractive for me)
a. How do I...