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Here's an interesting analysis on the investment decisions of a guy that left a fortune when he passed away. http://www.washingtonpost.com/business/get-there/the-remarkable-life-and-lessons-of-ronald-read/2015/04/24/7c12a26a-e944-11e4-9a6a-c1ab95a0600b_story.html

Interesting read. Looks like consensus is that interest rates will go down in the short term. Also interesting is his take on China. Original transcript here http://www.finnewsnetwork.com.au/archives/finance_news_network108975.html Video is here https://www.youtube.com/watch?v=RByUL0S8c8w

Anyone come across Pebble Pave (http://newdawnpermeablepaving.com.au/pebble-pave/) ? Its an aggregate mixed in a resin that can be used in place of paving/concrete. We are considering replacing the concrete driveway in our PPoR with either this or bluestone pavers in Chadstone, VIC. We like...

Hi all, I have been working on a website that can help crunch the numbers when buying an IP - www.numbrcrunchr.com. It is very simple. You enter the purchase price, rent and your income. Then, based on some assumptions (which you can adjust), it gives you cashflow and yield over a...

We will settle on a new PPoR in March and the current one will become an IP. We built the current PPoR with Porter Davis so have all the contracts, original cost of construction, fixtures fittings etc. We also have receipts from the landscaper to show the costs of those things. When it...

Hi all, Recently signed a contract for our new PPoR and want to do the following to it: 1. Change the electric cooktop with a 900mm free standing gas unit and oven 2. Replace the tiles with glass splashback I'm not handy, so I am looking for a tradie to do the work. I'm unsure who to...

Hi all, I'm going to an auction this weekend and have a B&P report. I'd appreciate any opinions on the severity and cost of fixing these issues. I'm not handy, so I'd be getting someone to address the serious ones. Here is a summary of the issues: Building Report Summary: -...

Hi all, We're considering buying a new PPoR at auction next weekend (in Melbourne). I'm reading through auction advise threads here to understand as much as I can about the psychology and tips. I've attended a few auctions today just to understand the process. I've got a few questions...

Our IP is back on the rental market after the last tenants finished their lease. I would appreciate any feedback on the listing. http://www.realestate.com.au/property-townhouse-vic-oakleigh+east-405090895

Hi all, I have found a property that I'd like to put an initial offer on. I am planning to put an offer in with a specific time period in which it is valid. Also I found some good advice from evand about including reasons for the low offer compared to the asking price. What clauses do...

I've been lurking for a while and posting once in a while for the last couple of years. I'm looking at the Geelong area for some quality buy and hold units or houses. My strategy is buy and hold close to amenities in capital or major cities. I'm happy to hold slightly negatively geared...

Here's our current situation: 3 IPs 1 of which are CF -ve, 2 are neutral. Total equity sitting at around $160k conservative - $180k We have had a look at our 10-year plan and realised that if we keep doing what we're doing, we won't get to our goal. So, we are revising our strategy to...

Hi all, I've just started reasearching developments and reading some of the great threads like the ones from MichaelW. The idea is to buy a block with development potential with a house on it. Then get a DA for 2-3 townhouses/units with a view to buy and hold. But, we would like the option...

Hi all, I have been putting together a website that can help crunch the numbers when buying an IP http://goo.gl/6kfPw. It is very simple. You enter the purchase price, rent and your income. Then, based on some assumptions (which you can adjust), it gives you cashflow and yield over a...

Hi all, I have just had some equity released. The loan originally was $180k. ANZ has released $50k of equity. The way they’ve done that, they’ve deposited $50k into our everyday (full offset) account and increased the loan balance to $230k We intended to use $20k of the $50k for...

Hi If I have a lunch meeting with my broker to discuss a loan and other investment plans, are the lunch expenses deductible? We catch-up once every few months to discuss how we're progressing. Thanks for your input. Srini

I am looking at retaining walls for our new PPoR. Have anyone had any experience (good/bad) with WallMaster. Sounds like a good idea. http://www.wallmaster.com.au/wallmaster/Typesofretainingwallsavailable.aspx?a=32&s=115&c=192 Thanks Srini

Pretty sure this will come up frequently, but is anyone planning to fix interest rate? Thinking of fixing all the IP interest rates for 1 or 2 years and leave the PPoR on std. var as a hedge. Thoughts? ANZ's Rates are: 1 year 6.99% p.a. 2 years 7.19% p.a. 3 years 7.34% p.a. 4 years...

Hi all, Just got a quote for some retaining walls (treated pine sleepers). 1. 15m x 1m high x 2 2. 10m x 0.5m (average) high 3. 10m x 0.5m (average) high Quote came in at $42k. Does this sound reasonable? Thanks for any feedback.

Following on from the excellent article posted on a thread here http://www.somersoft.com/forums/showthread.php?p=781970#post781970, I thought it would be interesting to see what the rental yield is for your IP/portfolio in Melbourne. Care to post it here? Mine is: As of 2009/10 FY: IP...