Recent content by economist99

Can my child earn income on a property she doesnt own? I was about to transfer to her, and it was all ok but then became very complicated and I try to keep my life simple. It's possible to transfer to her but something I'd rather avoid. SO, she received the rental income in her bank account...

My 4th positively geared property was a $90k house in Orange. I sold it aftera year for $115k. But not much gain... Why did I sell? Well, this was almost ten years ago ..but... The copper under the house was stolen while it was vacant (2k cost) It was vacant as in a housing comiss area (I...

I wear a low cut top, make them tea, bring banana bread and pay in cash. I also talk to them as a person, ask about family we often have kids the same age. A lot of it is luck but I use my instinct to recruit them and only get nice guys. Even if they're a bit slack at least they will tell me...

My PPOR I am building in 2-3 yrs will have a swim up bar into the kitchen -- sit in the pool and help yourself to stuff on the bench; from standing in the kitchen I must be able to jump right into the pool. The pool must be built before the house, Ive already started plans :) My PPOR must...

Units can appreciate faster than land/houses. There are no0 hard and fast rules. When buying your PPR I would advise to find a place your wife is socially engaged, your kid can have a good school experience, you can all walk on the street at night safely, the air is fresh/clean, no noise...

I would only consider north as a) the western suburbs of sydney are undesirable to me for living b) education and social mix is better and safer respectively c) services better. Asquith Avalon occasionally have houses for under 700k but the houses are usually poor quality. Of course...

Yes - DA approval I'm talking about - 5k is better than 6k, could you PM me your guy?? Any other tips for Sydney City DA approval for terrace renos? How to get it through cheaply? I expect it to take at least 6months and not in a hurry. cheers

Never done this before. Got the name of a development consultant by nabbing it off plans submitted by a neighbour in Sydney City council area. He quotes about 6k to get my plans thru council and ready to build for simple back of terrace reno (plans also ripped off neighbour's architect as...

If anything drops in Sydney I'll be standing by with 1mil cash to buy up. But...so will about 1 million other people I know. Demand in Sydney is just so strong and so stable. It's a gorgeous city. The whole world wants to live here. I think the only time property actually depreciated...

I'm not sure what's so bad about chinese buyers from a purely investment perspective? - yes they may sometimes overpay and yes their interest tends to inflate areas (which is why lane cove is already so popular as some priced out of chatswood)...but...I always thought Chinese generally are very...

Just bought my 2nd off the plan apartment and would be intersted in views from everyone. Both I bought in rising market of Sydney - first for 475k, a 1bd in city centre. I still haven't paid a cent (interest on deposit refunded) for it after 3 years and it's probably worth over 600k by now -...

Definitely high crime (crime areas change drastically every 5 years with socioeconomic change) and ++ location. Would only buy woop woop if had no other option. And a good idea - such as redevelopment.

HiEquity - Housing IS a human right. It's not some silly dream I came up with. I have a PhD in human rights. If you need further proof here it is from the UN, the same folk who, um, legislated the concept of human rights...

I bought in Redfern in 2007. The Block was yet to be razed but I knew I was getting great value and was happy to be able to buy an entire house for the price of a 2bdrm flat. I love proximity to city. I want to point out that Cremore, Neutral Bay, western sydney has appreciated more since 07...

This discussion is so interesting. I don;t see it that way at all. I always had positively geared IPs and never had a high income. So I never used NG at all. I think it should be scrapped, along with stamp duty on PPRs, as I see housing as ahuman rights issue. A LOT of renters would love to...