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The RBA has just announced it's cutting rates by 25 points. Media release can be found here. http://www.rba.gov.au/media-releases/2015/mr-15-08.html The media release does flag increasing rates at the end of the year.

About a year ago positive credit reporting activated in Australia, but the effects haven't really been see yet. It's still early days, but here's an interesting article on what's happening and the implications. Repayment history indicators now appearing on credit files

The RBA has left rates as they are for this month. Personally I think this is a good thing. There hasn't really been enough time for the effects of last months cut to flow through and take effect in the greater economy. Last months cut has appeared to spur the property market up, which...

I've started a new poll on this topic. Rather than quote specific suburbs, I'm going for general regions. The purpose is to get an indication of the general area where people would like to meet to talk about property. The meetings are generally informal, held at a hotel and people simply...

There's lots of people who've stated they'll attend the Melbourne Somersoft meetings in various locations often people cancel at the last moment or don't show for various reasons. This has lead to the meeting stagnating a little and the last few have been held in Mitcham. I'd like to get an...

Just got a very interesting flyer from ING. I'd heard that they were making some changes to their LMI policies, but I didn't see this coming: Keep in mind that ING isn't exactly a preferred lender for investors, this is for owner occupied property only and the loans must be principal &...

Rental yield is a major focus for investors these day (has been for quite some time). I'm putting together an info ideas sheet on ideas for increasing the rent received. Some of my initial (and somewhat jumbled) thoughts: * Cosmetic renovation. Painting, carpeting, better lighting all add to...

Okay, they're not rules for Somersoft (officially), but this made me laugh... http://youtu.be/B9q2jNjOPdk

The AFL Grand Final is tomorrow and I know lots of guys and girls are going to be very excited and jump out of bed early in anticipation. Then they're going to wait anxiously for the next 6 hours waiting for the game to start. There's almost no auctions to go to tomorrow morning so what to do...

Today marks the 100th anniversary of the declaration of war in Europe (World War I). Germany had moved troops through Belgium with the intent to invade France. Brittan gave the German government until midnight Berlin time to begin with drawl from Belgium, when Germany did not respond to the...

Talking with a colleague, we came across a tax and loan structuring conundrum... You have a PPOR with two loans. * Loan A is a normal non deductible home loan. * Loan B was an equity access and used as a deposit and purchase costs for purchasing an IP, as a result it's tax deductible...

The last time Queen visited Australia I was barely a teenager. No chance my parents would have let me go to the concert, let alone to Sydney. Tickets went on sale this morning. If there was ever a band I've wanted to see live, this is it. I completely splurged and got some of the best...

There's been a few questions about the new privacy laws and credit reporting. this article explains the parameters around this. http://www.yourinvestmentpropertymag.com.au/news/credit-reporting-changes-what-you-need-to-know-185304.aspx Additionally some very useful tips:

Some may be aware that I moonlight as a DJ on community radio from time to time. A couple of months ago we interviewed Lil Skater (Sam) on all things property management related. This Saturday at 11am - 12pm we'll have Sharon Fox-Slater from EBM Insurance Brokers in the studio. Sharon is the...

1 I asked God for a bike, but I know God doesn?t work that way. So I stole a bike and asked for forgiveness. 2 Do not argue with an idiot. He will drag you down to his level and beat you with experience. 3 I want to die peacefully in my sleep, like my grandfather.. Not screaming and yelling...

Decided to move this elsewhere.

Saw the movie Gravity last night. Essentially about astronauts trying to get back to Earth after a debris strike cripples their shuttle and other orbital assets. Fantastic movie, plenty of drama, amazing visuals and gripping story. The absence of sound in space was especially well utilised...

In light that the previous thread was getting confusing, I've created a new thread for the August meeting in Melbourne. The meeting is on the 27th of August at 7:30pm at the Mitcham hotel. 556 Maroondah Hwy Mitcham, VIC, 3132 All welcome, by my guess from the previous thread, we've got about...

As many will know there's a limit on the number of articles you can read online in a month with various Fairfax newspapers including The Age, Brisbane Times, Sydney Morning Herald, WA Today & Canberra Times. Once you read about 25 articles it starts to tell you that you're approaching their...

Hi Everyone, I've had a request to bring the August meeting forward a week, so we'll have it this Tuesday the 23rd of July at the Mitcham Hotel. Starts 7pm Cnr Mitcham Rd & Whitehorse Rd. All welcome (as always), but please indicate numbers so I can book under 'Somersoft'.