Search results

I have a number of questions regarding access to credit. We last refinanced a year before the GFC hit. Our LOC primarily gives a buffer for our property investments. The need to refinance is probably about a year away. By this time our buffer will have been gobbled up !!!!!!!!!! *Are the...

There’s a line of argument running at the moment that maintains that Sydney units are underpriced not overpriced especially in the South West of Sydney (particularly Liverpool). Developers can’t make a living any more and are turning to renos instead- margins are low or non-existent. Yes...

It has been widely reported that the recent and ongoing sub-prime crisis has precipitated a ‘credit squeeze’. Are you finding the banks to be overly cautious in re-financing? Are the big lenders still using the same 80% ratio? Are our financial institutions undervaluing properties when being...

I have noticed a number of my friends and acquaintances who had been dabbling in Property Investment on a small scale, appear to be bailing out. Lured by the heady boom days, many are getting cold feet citing uncertainty, rising interest rates, government change and inflation as the reason for...

On another thread MC98 made the assertion that it was greedy to accumulate too much property in order to provide an income stream. His posting raises a couple of interesting points. How much does someone really need to comfortably retire on? What is your magic figure p.a.?

My wife and I expect to retire in 8 years time and we are not sure to what extent the banks will come to the party with high debt, considerable equity but limited income. Please see figures below. We are three IPs away from our plan. Age now 51 Age: At retirement 2015 = 59 ASSUMPTIONS CG 9%...

A question for the wise sages out there. Come retirement my wife and I expect to own 7 properties, 1 PPOR and 6 IPs. Current count is four and another on the way later this year. Since it will be difficult to pull out our equity once we no longer earn regular income, one plan is to...

An article appears in this month’s API about a first time investor being stung in a transaction with a buyer’s agent, resulting in a cost to her of over K20. Whilst in principal the idea of having an expert in the field out there chasing up bargains for you sounds good, I’ve always considered...

The Sydney Morning Herald pounced on a recent article by Bernard Salt claiming baby boomers are the reason “Gen x’ers have to pay through the nose for a mortgage” (The original article http://www.bernardsalt.com.au/ gives a much more balanced treatment to the issue) Some of the postings...