Recent content by dunno

Good idea!! Reality is ofter far different from the perception. Well what do you know, in the top 40 most burgled suburbs the leafy and affluent suburbs of Hawthorn and Glenferrie come in at number 26, Richmond number 33 and good ole Kensington doesnt even make the list!!! kew is also on the...

I wonder how many people have been mugged, houses broken into or had vandalism in Richmond? Sorry to hear your house was broken into, but there wouldnt be a single suburb in the whole of Australia that hasnt suffered a burglary in the last 6 months so not sure what your point is.......?

In one word....kensington!!!

Todays your lucky day!! Ive got a basically brand new Rinai that I have just taken out from a house also in West Melb. Not sure of size-can let you know later. Let me know if you are interested :)

I looked into this a few years ago but the rental yields were attrocious (sp.)...Should get reasonable cap gains though

So you are 24....6 yeas out of high school....at least you value the input of your elders like your gandma who have been there done that. I laugh when overhearing dudes in their early 20's talking like they know everything, that property only ever goes up etc..they know nothing. I still go to...

Oh my lord...someone who isnt even 28 years old yet giving advice......

Whys that-the capital gains is the buffer between you making money or loosing money. So if you only need .41% cap gains your property must be very close to cash flow neutral?

huh im confused? I its negatively geared you are already loosing money every year. As a result you are, like me, counting on capital gains to make up at least the difference...so at current or projected interest rates (I used 8% interest only) what growth do you need to off set the losses?

Hi bigtone-it was a very quick and dirty back of the envelope type calc.. Basically...Total property income less total property expense plus negative gearing saving = x Then I just looked at how much cap gains I need per year in order to match the loss of x per annum...

Been crunching some numbers and was interested to see I need cap gains of around 1.5% at 8% interest rate on some of my properties for them to be break even, after that they cost me money. So who else has done something like this and where do you stand?

Obviously havent spent any time in Sydneys western suburbs huh...?

I think people need to avoid this pre ocupation with the westgate-you only need to use that pile of rubbish if you want to go on the monash, or head further west. I had a person ask me if people renting my kensington places seemed to mind driving over the westgate-I laughed...mate they can...

Inner west is a no brainer and has been for a long time-has treated me well ;) Doesnt take a genius to have worked out that the people priced out of inner east would start to look inner west and realise they can but a bigger house closer to the city for less money!! Kensington in particular is a...

I have said it before and will say it again-Im constantly amused at the whole 'mine is bigger than yours' attitude people seem to have. Shows me they will never make it as truely wealthy investors Do you think the most sucessful people have been focused on getting a 'number' of houses so that...