$20 million (PPOR included). 4% rule means $800K a year pre-tax. Obviously I won't spend all that, I'm more comfortable with the 2% rule ($400K a...
I created a number of models, including one based on monetary supply(M3) and dwelling stock which I found to be quite predictive. The worst case...
Thanks to everyone for their contributions. It's been really helpful to hear ideas and also bounce my thoughts out. I have spent all night...
Hoping to get 2.7k - 2.75k.
Thanks for your perspectives Tofubiscuit and southern-investor, very reasonable points. I think it looks similar on the surface but is quite...
Because I haven't got another offer until today. The offer is for $2.65M, quite a steep drop from $2.8M two weeks ago. I am going to sleep on...
$1.8M loan, so $1.2M equity + $150k stamp duty originally paid. AU~$850K in the offset. Interest only, 4.2% p.a. right now. Hindsight is very...
IDK, the fall is quite significant. Three weeks ago, before RBA, I had an offer for $2.8M. Today I got an offer for $2.65M. The market is...
Agreed, nobody knows how short or long this cycle will be. Also, now that low interest rates have caused inflation, it's very possible we see...
I think syd property is still one of the most overvalued assets that exists, only supported by falling interest rates. I believe interest rates...
I am full blown panicking. Am trying to sell an investment property I purchased last year, there was one offer last week but i stupidly declined...
Thanks, completely agree. Land tax is actually more like $7k a year, the land valuation for this property is considerably lower than others for...
Yes: [IMG] [IMG] What do you think will happen if we see a repeat of 2005-2008?
I've lost $150k on stamp duty. That is already lost. For property to appreciate more than income growth, it would require an expansion of credit...
I chose this property it seems to have the most owner-occupier appeal and convenient location and privacy; and buying in a blue-chip suburb felt...
I would not be making any capital gains after stamp duty and transactional costs so the 12mo isn't so relevant. And as for transactional costs, I...
I bought a house in Syd's upper north shore late last year, I don't know what I was thinking (I believed the RBA's no rate hikes till 2024...
Thanks Dan, your post is really helpful and matches my experience really well. Price expectations were constantly being shattered, and yeah, big...
3.46% gross yield, good deal.
Rate hikes absolutely damage markets in the short term; I suspect a lot of posters have not been investing during rising interest rate cycles. In...
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