Recent content by danwatto

Will be great if they do something like that. It's really only depreciation and mortgage insurance that's put me in the red.

But haven't you heard? The Oostralayaaa property bubble is going to pop because they gonna cancel negative gearing :rolleyes:

PPOR? Where about?

Good post Redom. Friday I found out that Macquarie is now increasing rates for investors that are fixing or taking IO.

Other income streams sound good. I'm looking at some possible side business ideas, not immediately profitable but I'm hoping to learn enough to eventually replace my day job.

Sounds good mate, I am thinking of starting a similar 10year share accumulation for diversification reasons. When property stops growing, can still get some growth from shares. Evens things out over time. Will try and get a bit of equity out to invest, if my serviceability passes!

If you buy, ensure offer is subject to finance

We've been thinking about this lately, as it is an interesting time with conflicting information out there and a lot of warnings about the property market or the economy. I'm curious what others are thinking - property, shares, or cash & pay down debt. We are building a cash buffer and access...

Not necessarily, in fact for myself the strategy we use strictly forbids it. Some people like regionals, but it's not most of us. Lomas and other Gurus were big on the regional investing, and some even recommended mining towns :confused:. But you can find high yield in capital cities as well so...

Hi Cliff, APRA provides some, but I haven't seen any broken down by city. There are lots of other breakdowns by type of loan, and by LVR bands though. This is the last report: http://www.apra.gov.au/adi/Publications/Documents/1502-QAPES-December-2014.pdf Good luck

APRA have already started removing negative gearing by stealth. The pressure on the banks has caused them to cut all the policies that allowed multi-property investors to pass serviceability checks. Now that investors can't pass serviceability checks whilst negatively geared, we need to wait...

Where in Melbourne? Are you excluding the glut of OTP bulidings under construction? I'd love to buy something in Melbourne as I have no land tax commitment in VIC yet, but I just can't see the value at the moment..

Most of us don't go over 90%. The % price of LMI jumps far too much and also the credit scrutiny increases. > 95% is more like first timers doing that to get their first step on the ladder.

We have followed almost the exact same process Rixter mentioned except that we did Saturdays for a 3 month period. From Sydney we would plan all our inspections during the week before, then fly up Sat morning, and fly back that night. Very cheap no accommodation needed. QLD Real estate agents...

This is certainly the situation where I live, yield would be about 3.5% The strata is > $2000 quarter. We love having the landlord pay the strata for us :)