Search results

thanks for the great feedback guys @DavidMc - I was planning to crunch the numbers so I'll get onto this - good idea. PS. Couldn't resist asking the question about what would be the minimum yield people would consider if buying a new rental property at the moment -...

Pretty much correct. And sorry really is 100% under finance (not sure why I typed 95) counting IP loan & input from LOC. So interest 44k then expenses after this.

Hi Lofty - haven't come across this concept, and didn't quite understand it. Do have a link to where I can find/understand this approach? thanks

added a Poll to help summarise (noting various advice people had)

thanks - my feeling is to sell in the short/medium term (i.e. property no longer satisfying the original intent), but to wait a bit (a year or two?) until betting selling conditions for a development property... now I have to find out/learn more about how to pick this... Just created a...

@scha9799 - Answer to Q1 for myself is no. But at the yield/loss it is at I am now really questioning whether it really makes financial sense to continue to hold and hope the market goes soon back to >3.5% annual growth...can I ask what your thought process is around keeping it?

Good point. For the sake of the question you could assume that if I sell I would re-buy another rental property with greater yield.

interesting - might be worth holding until things pick up a little - any ideas how the building cycle normally might align with the property cycle? In general would I really be just waiting for an improvement in the current housing market & the demand from builders would tend to roughly follow...

@redwing - estimated value I gave was with DA approval/effect in mind (a sale would be focused towards developers)

@evand - 3% rental yield being rent for year / property value. Property is 7km out from Brisbane CBD along major train line. Thanks for reply. What sort of yield would a buy/hold investor be looking for as a minimum (assuming they're buying at all at the moment)

Would appreciate some advice on what you would do in this situation and why. Question - Should I sell? That is sell based on a "cut your loses" and don't keep trying to hold a property that is costing too much to hold. The alternative to hold, incur some losses per year, awaiting the...