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That's amazing. Talk about pro-active! So these were Elvis Termites, "Elvis has left the building" I'd love to know the story behind this purchase and the outcome.

I choose not to take income on this IP for various reasons. I agree this is not the norm but the locked in equity keeps me safe. Its like having a safe deposit box with a stack of cash in it only it keeps on growing and gives me a SANF. In the meantime my other properties can be mortgaged to the...

LOE is just a capital raising exercise once you get past buying property for income. I have a property that I do not rent and do not borrow against. Some say it's dead money but it has grown in value by some 34% compounded per year. It's current value is 25% of my net worth and that frees me...

Banks are only interested in income. Vendor finance could be an option. But a broker would give you more options especially if you have a company?

Our 2nd IP was a duplex block of 4. Years later we added a fire wall between each duplex. Then we strataed and sold each duplex for twice the original price of the whole block. It was a great deal and the vendor who had built the block left in 70% on 1st mortgage. Mind you we had to borrow money...

The cost of new housing just got more expensive. Add in housing shortage, cost inflation, lack of infrastructure and now built in demand from new home buyers. Thank you Mr Reese.:)

I am sure all commercial property types will survive long after any economic downturn. In fact I have not known of a single building that has not survived any recession. Sure some tenants may go bust and vacate a building but the reason may or may not be related to a slowing economy. I think...

Agents waffle for floor area. Like "key drivers"," hi tech" and all that nonsense.

I forgot to suggest The Property Concil of Australia.

What LPTs do you suggest? No not buying just looking thanks.

Why is that? Will your 3 storey be the only one?

In the words of Dr. Phil "Well what did you expect was going to happen?"

I fix every time that way Im dealing with certainties.

You could ring off sign boards in the area or try the good old fashioned newspaper. The last time I looked agents were still advertising commercial space to lease. I find commercial agents very professional and helpful. cheers

Epping is a buzzing location. I would buy there.

I chose 40% because its off the graph. If a deal worked at 40% would that stop you doing it? I am sure you could fix it at 40%. At least you wouldnt have to deal with all the uncertainty thats around at the moment. cheers

I agree rental assistance direct credits is the only fair way to deal with the situation. Why should the landlord subsidise rents because a few are finding it difficult surely, the public has a moral obligation? The article is just another media beat up, preying on public conscience. In a...

I have just come back to this thread since posting it and I agree that it wouldnt work as many forumites have stated. But who said governments do things that work. I try to anticipate problems before they happen and Rudds example of a price freeze on pollies wages maybe just the start. It...

If you could crack a deal with access to unlimited discounted mortgage funds (a highly unlikely scenario ) it might be worth buying, otherwise I wouldnt touch it with a barge poll.

Kev might legislate to impose a rent freeze period for 12 months on residential property. Why not? After all he leads by example and stands for working families. I feel it is now a real possibility and something we should cosider now and not when it happens.