Property Myths Busted

Discussion in 'Property Information Resources & Tools' started by MTR, 21st Dec, 2016.

Join Australia's most dynamic and respected property investment community
Tags:
Page 6 of 7
  1. Big Will

    Big Will Well-Known Member

    Joined:
    18th Jun, 2015
    Posts:
    2,517
    Location:
    Melbourne, Australia
    Like with all these myths there are so many properties and thinking so many variables that you can bust every myth using a certain scenario. E.g paying down debt using pre and post apra.

    Best think is to educate your self and use your own thoughts and understanding. Once you have skin in the game you will learn lessons quicker than reading on a forum.
     
    Big Will, 22nd Dec, 2016
    #101
    kierank, Realist35 and Sackie like this.
  2. dabbler

    dabbler Well-Known Member

    Joined:
    18th Jun, 2015
    Posts:
    8,572
    Location:
    Sid en e - olympic city
    What with the headphones on.....
     
    dabbler, 22nd Dec, 2016
    #102
  3. dabbler

    dabbler Well-Known Member

    Joined:
    18th Jun, 2015
    Posts:
    8,572
    Location:
    Sid en e - olympic city
    Is that one of your jobbies is it ?

    Nice work.... better than all this talk of granny flats ☺

    But question, did you see the power lines ? lol
     
    dabbler, 22nd Dec, 2016
    #103
    Westminster likes this.
  4. Sackie

    Sackie Well-Known Member

    Joined:
    18th Jun, 2015
    Posts:
    25,059
    Location:
    Vaucluse, Sydney.
    @dabbler what you got against grannies :p
     
    Sackie, 22nd Dec, 2016
    #104
  5. HUGH72

    HUGH72 Well-Known Member

    Joined:
    18th Jun, 2015
    Posts:
    3,022
    Location:
    QLD
    :oops: I'm going to buy a bunch of properties and retire early in ten years time.:rolleyes:
     
    HUGH72, 22nd Dec, 2016
    #105
    KJB, MTR, Perthguy and 1 other person like this.
  6. Scott No Mates

    Scott No Mates Well-Known Member

    Joined:
    18th Jun, 2015
    Posts:
    27,256
    Location:
    Sydney or NSW or Australia

    [​IMG]
     
    Scott No Mates, 22nd Dec, 2016
    #106
    Terry_w, dabbler and Sackie like this.
  7. Sackie

    Sackie Well-Known Member

    Joined:
    18th Jun, 2015
    Posts:
    25,059
    Location:
    Vaucluse, Sydney.
    10 years is the early plan??:D
     
    Sackie, 22nd Dec, 2016
    #107
  8. dabbler

    dabbler Well-Known Member

    Joined:
    18th Jun, 2015
    Posts:
    8,572
    Location:
    Sid en e - olympic city
    Too flat...... :p
     
    dabbler, 22nd Dec, 2016
    #108
  9. Sackie

    Sackie Well-Known Member

    Joined:
    18th Jun, 2015
    Posts:
    25,059
    Location:
    Vaucluse, Sydney.
    touché! ;)
     
    Sackie, 22nd Dec, 2016
    #109
  10. Westminster

    Westminster Tigress at Tiger Developments Business Member

    Joined:
    3rd Jun, 2015
    Posts:
    11,357
    Location:
    Perth
    If neighbours join together it will make the property worth gazillion

    [​IMG]

    Except when you create such an awkward shape that it's only worth a gazillion pesos
     
    Westminster, 22nd Dec, 2016
    #110
    Perthguy likes this.
  11. HUGH72

    HUGH72 Well-Known Member

    Joined:
    18th Jun, 2015
    Posts:
    3,022
    Location:
    QLD
    Absolutely, for someone starting out now, from stratch with little knowledge, experience, guidance or contacts. Unless they have an extremely high income/s they would run out of borrowing serviceability long before being able to purchase enough assets.

    Throw one or two mistakes into the mix and you could easily kiss 10 years away. I'm not talking about an active approach where one leverages other's expertise or developing. For the average person starting right now I think it would be harder.
    Thankfully I'm not.
     
    HUGH72, 22nd Dec, 2016
    #111
    willair, Perthguy and Sackie like this.
  12. Sackie

    Sackie Well-Known Member

    Joined:
    18th Jun, 2015
    Posts:
    25,059
    Location:
    Vaucluse, Sydney.
    I was just teasing buddy but your post is spot on.
     
    Sackie, 22nd Dec, 2016
    #112
    kierank and HUGH72 like this.
  13. Perthguy

    Perthguy Well-Known Member

    Joined:
    22nd Jun, 2015
    Posts:
    11,767
    Location:
    Perth
    Agree.

    That's what I tried to do and obviously completely messed it up. At least I have a good finance broker now to run these types of things past them like hey, I was thinking of doing this, what do you think? I have not had that before. We have also mapped out mu next 2 moves. I have never done that before either.
     
    Perthguy, 22nd Dec, 2016
    #113
    KJB, Realist35, WattleIdo and 3 others like this.
  14. aussieB

    aussieB Well-Known Member

    Joined:
    19th Jun, 2015
    Posts:
    389
    Location:
    Darwin
    Drive a haaaarrrrrrrrrd bargain. You will be able to buy BMV !
    - My ***
     
    aussieB, 22nd Dec, 2016
    #114
    Perthguy likes this.
  15. Perthguy

    Perthguy Well-Known Member

    Joined:
    22nd Jun, 2015
    Posts:
    11,767
    Location:
    Perth
    I saw that site. It's terrible!
     
    Perthguy, 22nd Dec, 2016
    #115
    Westminster likes this.
  16. Perthguy

    Perthguy Well-Known Member

    Joined:
    22nd Jun, 2015
    Posts:
    11,767
    Location:
    Perth
    The flipside myth is that you can't buy below market value
     
    Perthguy, 22nd Dec, 2016
    #116
    WattleIdo likes this.
  17. hammer

    hammer Well-Known Member

    Joined:
    28th Aug, 2015
    Posts:
    2,867
    Location:
    Darwin
    Unless you want to manufacture stealth bombers?

    [​IMG]
     
    hammer, 22nd Dec, 2016
    #117
    Sackie, Westminster and Perthguy like this.
  18. MTR

    MTR Well-Known Member

    Joined:
    19th Jun, 2015
    Posts:
    27,860
    Location:
    My World
    Cash flow is brilliant in mining towns... ouch
     
    MTR, 23rd Dec, 2016
    #118
  19. ooneil

    ooneil Member

    Joined:
    16th Nov, 2016
    Posts:
    21
    Location:
    Newcastle
    The ANZ online calculator said I could borrow $950,000 based on my $36,000 salary!
     
    ooneil, 23rd Dec, 2016
    #119
    tobe, Sackie, Westminster and 1 other person like this.
  20. Sonamic

    Sonamic Well-Known Member

    Joined:
    18th Jun, 2015
    Posts:
    1,340
    Location:
    Sunny QLD
    I don't really like using the term on PC, but, So Much LOL!
     
    Sonamic, 23rd Dec, 2016
    #120
Page 6 of 7
Property Tax Specialists - Beat the Oct deadline

Price Accounting are a leading tax service for your property + tax issues. Contact Paul@PFI for property focussed tax services using our client portal access, digital signing and checklist based approach for best pricing. Free client pack included.