Recent content by melb

Specifying a specific lender or 'Lender of Buyer's choice' as rolf suggested can make it easier for you to cancel the contract of sale when you find difficulties in getting a loan. Otherwise in theory your condition could be interpreted as 'subject to finance from ANY lender', including one that...

I see. I probably didn't do enough research about the cooling off period, which makes the time lapse clause not as important. Thanks Terryw.

Hi all, I was going to ask this earlier but I thought I'd wait until the OP's problem is resolved first before I hijack his/her thread :). Congratulations by the way Barndog on the purchase. What I was wondering was, is it common to give verbal offer and negotiate that way before signing...

Hi PT_Bear, It looks like the PIA is a very useful software to purchase. For features that already exist and I have access to, I'd rather not re-invent the wheel and just use the existing ones. In terms of price it seems it's well worth the time saving from having to build my own anyway. I...

@tobe: I didn't know about the Somersoft software. Are you referring to this one: http://www.somersoft.com.au/pia/ ? I still couldn't find the feature that I mentioned there though. @devank: You could just use Google Docs ( http://docs.google.com ). You can create, edit and view your...

Hi mrmonopoly, The feature that I couldn't find was the performance comparison compared to putting the money in a saving account. So for each repayment (minus rental income), rental income tax and other ongoing costs, I compare it to putting the same amount to a saving account. To make the...

That's quite a surprise to me, especially the capital growth. I always just assumed it would be quite low. Plus also I just started looking into IP quite recently, and there's just so many new apartment buildings being built in the CBD now they lose my interest. But I got your point about...

Hi all, I tried to find an online calculator that estimates the return on property investment over time, and I wanted to compare the result to if I put the same amount of money into a cash saving account, taking into its calculations the tax (deductions). I couldn't find one, so being a web...

Wow! That's hell lots of very useful info! Thanks, Jason. And yeah I understand the numbers may vary and fluctuate, but I'm just assuming the numbers I'm using are the average over the long term. At least that way I can get some sort of estimate. Thanks also Andrew_A and mrmonopoly ( cool...

Hi all, I have just been doing some calculations on the potential return from purchasing IPs for my situation. I'm still in the early planning stage, and I haven't decided on specific suburbs / area to focus on. So in my calculation, I'm just assuming that the capital growth will be 5% p.a...

Thanks, Propertunity. That's exactly what I was looking for. The sqmresearch website doesn't seem to provide stats about how long on average a property is on the market but I'll see if the REIV has that info. vaughan, I haven't subscribed to the magazine, but it looks like I should. Thanks.

Thanks very much everyone for the replies. My situation is exactly like what Terryw described - spouse is not working. Terryw, I didn't expect the interest rate to be that high. With 15% - 20%, we might even redraw some cash from our PPOR, which is under both our names, and use that money to...

Hi all, Does anyone know if there's any source that provides per-suburb statistics on: - Rental vacancy rate - Average length of time a property is listed for lease or is vacant? Thanks in advance.

Hi all, Can you (legally) borrow money from your spouse to put into your investment (e.g.: transfer to your IP's offset account), pay him/her interests and claim the interest as an expense? Thanks from a newbie :)