Search results

  1. HomeBuyAU

    Why do you Invest in Property?

    I like the lifestyle it provides from researching to renovating.
  2. HomeBuyAU

    End of an Era

    What a shame, it has been enjoyable to be here from learning how to buy my first PPOR to on going financial resources. I'm confused though that it would not be sold to someone else to take it over. From a financial side it must be worth a bit if marketed right? Forums can sell for millions that...
  3. HomeBuyAU

    NEWSTART ALLOWANCE IF YOU OWN IPs

    I'm sure you could own 100 IP's and still be able to get Newstart. They just test the net worth and access it as assets. I think it is something like 250k? So if the total mortgages are subtracted from the amount the properties are worth you will get your asset value.
  4. HomeBuyAU

    New Apartment Block Across from Mine Planned

    I see there is a new 10 unit apartment block going up across from where mine is located which is right on the top corner unit in the block so will be most effected. I'm worried it could also take the view away but from what the plans say it looks to be opposite on the other side so it should not...
  5. HomeBuyAU

    Can I Tap into Equity with No Job or Income?

    What can he do though, it sounds like he has been working hard and doing any job he can? It's OK to say he's a failure and to not sell his property, go read youtube videos, go do a short course or whatever but the reality is at his age most people in the city will laugh at him applying for a...
  6. HomeBuyAU

    Can I Tap into Equity with No Job or Income?

    I agree with Redorm that you might want to consider selling. It's not a good idea to sell but in your situation and if you have tried everything then maybe just selling your property is the best option so you can clear your rising CC debt, put some money in the bank and invest a little of that...
  7. HomeBuyAU

    Renting By Room

    I talked to a few people and this is what they have said: # You don't supply toilet paper or any other little things, not even towels or sheets # Have the place idiot proof, no dainty, fragile furniture etc. Just have walls, windows and maybe some very basic cheap furniture like a table...
  8. HomeBuyAU

    How to self manage the property

    A 2nd phone number ;)
  9. HomeBuyAU

    Renting By Room

    I would advertise for $xxx per month + utilities so they pay for the bills too. When they sign up you just tell them they will need to pay $30 a week or whatever for bills. Internet is nice but for a 2 or 3 bdr place you would be better leaving it out. For larger places with more rooms, TPG...
  10. HomeBuyAU

    Renting By Room

    That's a good point but that is $200 per month, $2400 per year extra. That is only one place. What if you had 4 X 3 bdr homes. Say the home was rented out for $400 per week. change to $180 per person =$720 per week instead of $400, an extra $320 per week Now if you had 4 of...
  11. HomeBuyAU

    Inner West Sydney, Not Very Nice Place

    I have not seen Rump steak at either coles or woolworths below $14 for a long time and that was a special. Aldi used to sell it for $9.95 and probably still do. Rump steak is a good measure of a local economy ;)
  12. HomeBuyAU

    If Sydney Market Dropped by 50%?

    I personally doubt Sydney will drop anytime soon. I'm sure there are others here who research and watch the market much more than me who know. But I know the prices have to correct one day. If I was a betting man I would gamble on a big correction in the next 2 years. We will see but as...
  13. HomeBuyAU

    Newcastle- Suburbs with large blocks

    OK, maybe someone who knows Newcastle well will give some feedback soon..
  14. HomeBuyAU

    Renting By Room

    Do any of you rent your properties by room? I was thinking if I rented by room it could be a lot more lucrative but it could also be more risky... more chance of tenant disputes, people moving out etc. For example a 2 bdr apartment in Newcastle rents for $350 per week. I could rent it...
  15. HomeBuyAU

    Inner West Sydney, Not Very Nice Place

    yeah that is the word I would sum it up, "depressing" it felt like everyone didn't like living there. In fact from the pics I see on TV I would compare it to say Syria where there is a war going on and no one wants to live there. I felt there was no community spirit or that anyone cared for...
  16. HomeBuyAU

    Inner West Sydney, Not Very Nice Place

    Actually I live in Burwood. I don't mind it here but I did not like Auburn besides I enjoyed seeing some Asian women in the street selling fruit like a Busker, it reminded me of Asia, people are allowed to sell things in the street there which is nice to see. The rest of it was not my cup of...
  17. HomeBuyAU

    Inner West Sydney, Not Very Nice Place

    I have lived here for about 6 months now and I have to say I don't like this part of Sydney at all. I have lived in various places in Sydney and this would be my least favorite besides when I moved to Belmore after I arrived back from overseas where I grew up as a kid although I was born in...
  18. HomeBuyAU

    Newcastle- Suburbs with large blocks

    I have property in Newcastle although I'm not that familiar with the place as I only spent about a year or 2 there off and on near the city renovating one of my apartments and another house further north. Basically it's the same as anywhere, the further you go from the city the larger the blocks...
  19. HomeBuyAU

    If Sydney Market Dropped by 50%?

    thanks for the chart and all the opinions from everyone. It seems that if Sydney does drop it won't necessarily mean other cities will be impacted, even close cities like Newcastle. Apparently 25% of Aussies were now born overseas, in 10 years time at this rate it will probably be over 50%...
  20. HomeBuyAU

    If Sydney Market Dropped by 50%?

    I'm sorry if 50% was too extreme, let me write it again then: Hypothetical Question - If Sydney Market Dropped by 20% say in the next 2 years how do you think it would effect other Australian cities? Let's say apartments and houses in Sydney lost value on average of 20%. So a $700,000...
Top