Westpac 100%
- Thread starter Medine
- Start date
Westpac high LVR
Can't find detail at westpac.com.au, any clues where?
Can't find detail at westpac.com.au, any clues where?
Hiya Show Me The Money
Try a good broker, like the one that posted the info - Medine will have info on it Im sure.
ta
rolf
Try a good broker, like the one that posted the info - Medine will have info on it Im sure.
ta
rolf
What fully thought out business model includes 100% gearing on "general" property?
Apart from the Crow Eaters who believe (reasonably on the evidence) that Perth is a goer and us in NQ who also believe there is life in the old mining dog yet, so Townsville will power on; property "generally" is going nowhere.
Why go there? 10% return on an ungeared investment is still 10% profit. 2% on a 100% geared investment (property) is 10% loss.
Return on Capital was a principal ignored pre 2000 in the .com boom. It is a principal equally ignored during the property boom.
Absolutely nothing could convince me to borrow lotsa money on the principal of "It will all work out in the end!" If a spreadsheet, predicting no more than 3yrs ahead doesn't show a black bottom line (or a chart rapidly nearing the breakeven line) then I fall back back on another old mott: The deal of the year comes up every week.
Bill
Apart from the Crow Eaters who believe (reasonably on the evidence) that Perth is a goer and us in NQ who also believe there is life in the old mining dog yet, so Townsville will power on; property "generally" is going nowhere.
Why go there? 10% return on an ungeared investment is still 10% profit. 2% on a 100% geared investment (property) is 10% loss.
Return on Capital was a principal ignored pre 2000 in the .com boom. It is a principal equally ignored during the property boom.
Absolutely nothing could convince me to borrow lotsa money on the principal of "It will all work out in the end!" If a spreadsheet, predicting no more than 3yrs ahead doesn't show a black bottom line (or a chart rapidly nearing the breakeven line) then I fall back back on another old mott: The deal of the year comes up every week.
Bill
