Discussion in 'Property Market Economics' started by danwatto, 19th May, 2015.
PPOR in Melbourne
Agreed. Sometimes that paint takes a bit to dry too.
with the changes we are looking at pulling less equity than originally planned. Instead of say looking at 2 x 300-350k houses. would it be worth adjusting to the plan to 2 x 250-300k townhouses to utilise max amount available in areas of good short term CG?
Alternatively look to areas where you can get houses for that price. This allows the land content to be higher and therefore the potential cg as well.
Also more chance of them putting pocket money in your account each month if you're not paying for strata fees.
Same plan as the last year....the year before...and the year before that....etc...etc.
Buy 2-3 properties in one of the states in Oostralayaaa....slow...boring...and old school....
But haven't you heard? The Oostralayaaa property bubble is going to pop because they gonna cancel negative gearing
That will be a god send...I am about a 80k-100k positive geared....
If they do this....they will probably just allow your come to offset expenses. Any loss will need to be bourne by the investor. However, they will still allow depreciation as a deduction..because if they removed this they will remove incentives for new property.
So what it will mean is that people will focus on new properties which is what they want more supply.
So for people like me...we will have even more rents coming through in the short term...I love it!!! I will also pick up even more properties from the noobs who panick and sell.
Will be great if they do something like that. It's really only depreciation and mortgage insurance that's put me in the red.
For me I think I may be involved in building a granny flat or 2 on the existing properties.
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