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    The Importance of Having a Buffer

    Yep. Totally agree In my relatively short investing career I have ( had I guess as I've sold 2 in the last few months) 3 bad tenants across 3 properties 1 very first property and first tenant saw my property filled with 12 workers on visas. Trashed my house in 6 months requiring a second...
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    South coast nsw

    I think a good positive for Nowra is the big defence players moving in or in place already.I'm talking Boeing, Sikorsky , BAE ,Raytheon. Some on contracts that will span decades. The growth in aviation is sneaking up on a lot of people un noticed. Has anyone bothered to look at the price of...
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    Highest Sustainable Major City/Town Rental Yields You Have Obtained?

    2009 Nowra purchase yielded about 7.5% straight up from memory. CBD house on big corner block. Built on the back and sold it off recently with about $100,000 profit. Existing property now yields closer to 10% even with smaller back yard. Could squeeze another $20-30 per week rent but I'm happy...
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    South coast nsw

    for what its worth nowra is really moving now. As expected the ripple from Sydney has arrived. out of town investors are active.everywhere is doing well. I have an interest in central Nowra and Bangalee. Both going up.
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    South coast nsw

    Should have said North nowra
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    South coast nsw

    99% of Nowra is really good. Stay away from Goolagong street + 200 meter buffer and your fine.
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    South coast nsw

    yeah so lots has changed while some stay the same. My first purchase looking back has not performed well. a rezoning of central nowra will help as my little place is now zoned for shop top housing. apart from that its been marginal but some profit there. After that i bought a 1000sqm CBD...
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    South coast nsw

    In short. It's happening right now. Property in Nowra has tracked sideways since my initial post. Some development hasn't happened just yet ( stocklands). While others have plus some ( HMAS Allbatross expansion) the single biggest catalyst I believe is Sydney. The ripple is as reliable as...
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    South coast nsw

    I'm back Now let me just re read my post for a freshen up.
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    Selling a property and repaying loans

    It is part of a $130,000 loan. The rest was used on another property. I think I'm fine the more I think about it. There's no risk of " infecting "the funds because I will be paying an amount off not withdrawing. Small risk of paying interest on $50,000 for 12 months that's not deductible but...
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    Selling a property and repaying loans

    Yes I know not a smart investment but I can't repay it yet. If the loan was not fixed I would just repay the $50,000 used on the sold property leaving the remainder tax deductable as it was spent on investments I still have. Issue is it's fixed for 12 months. Now I know it may not be tax...
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    Selling a property and repaying loans

    I would assume its ok as selling the house and parking some funds in a savings account would still be considered an investment( although poor) as long as it's not muddled with non investing uses or funds. Cheers
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    Selling a property and repaying loans

    Yep agree but at completion of the fixed period. If I repay the $50,000. Does the tax man consider the nexus sufficient so that the remainder of the loan( spent on current investments still held) remains deductable ??? Cheers
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    Sanctuary Point NSW

    Born in Nowra. Raised in North Nowra. Now live in Bangalee. I have 3 investments in central nowra( kinghorn st and berry st ) My thoughts in short Can't go wrong in central Nowra just stay west of the highway and north of Allbatross road. Northy is good but stay away from Goolagong st Don't...
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    Selling a property and repaying loans

    Hi all I'm about to put my house in Nowra on the market and realise some post development profit. I understand that all loans secured to the property must be repaid or a new security found. No issue there. My conundrum is another loan secured to another property. I used about $50,000 of this...
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    5 year fixed rate under 5.00%

    Pokies........
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    5 year fixed rate under 5.00%

    Definately not 4.19% is the fixed rate the docs state. Cheers
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    5 year fixed rate under 5.00%

    Yes my gut says take the win as I have documents clearly stating the rate and discount. "IF" it was an error it's theirs so I doubt a repayment would be asked. But no guarantee of this which is where my conundrum lies. On a side note that have screwed me around since Easter over $3,000 they...
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    5 year fixed rate under 5.00%

    I have a little conundrum . I recently fixed 5 odd loans with the last just catching the new low 5 year rates. Off on holidays I go and on my return the last few bank docs are sitting there with confirmation all went through. I have a read And there it states that I have a 5 year fixed...
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    Regional NSW this cycle

    Down Nowra way i havent seen a jump in prices yet but i have noticed a lot more sold signs. I recently jump up a notch in the PPOR area into a price braket that was not selling quickly. I was looking at places that had come down quite a bit to meet the market and i still knocked em back. In...
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