Strategy over the next 12-24 months

Discussion in 'Investment Strategy' started by MTR, 24th Jan, 2017.

Join Australia's most dynamic and respected property investment community
Tags:
  1. bumskins

    bumskins Well-Known Member

    Joined:
    16th Aug, 2015
    Posts:
    528
    Location:
    Sydney
    If you don't mind sharing, what percentage are you invested in US & Aus. Are you going to keep the split the same in the immediate future?
     
  2. hobo

    hobo Well-Known Member

    Joined:
    18th Jun, 2015
    Posts:
    682
    Location:
    FNQ
    Buy PPOR.

    Possibly sell an IP to knock a bit more non-deductible debt off the PPOR loan.

    Continue to pay down debts as quickly as possible (obviously focussing on non-deductible debt first).

    Continue to watch for opportunities.
     
    Whitecat likes this.
  3. sash

    sash Well-Known Member

    Joined:
    18th Jun, 2015
    Posts:
    15,606
    Location:
    Sydney
    I bought it for 205 plus 25k reno...real estate agencies are quoting me 335-370k....a couple of years ago it was depressed now rents and prices are risking quickly.
     
    Observer and lightbulbmoment like this.
  4. standtall

    standtall Well-Known Member

    Joined:
    19th Oct, 2015
    Posts:
    2,701
    Location:
    Sydney, NSW
    - Buy another IP in Brisbane with capital gain objective so may be focus on inner suburbs and a big block
    - Sell a Sydney unit
    - Turn current Sydney PPOR into an IP and buy a new PPOR on lower north shore.
     
    Jack Chen, Whitecat and Betootaboy like this.
  5. Bran

    Bran Well-Known Member

    Joined:
    20th Jun, 2015
    Posts:
    3,626
    Location:
    At work
    Hang in there :) It's getting hard I know but hopefully we can discuss the colours of our planned Ferraris. The loss of momentum with the delay is very disappointing. I bought into NUH lately.
     
    eskander likes this.
  6. Pier1

    Pier1 Well-Known Member

    Joined:
    18th Jun, 2015
    Posts:
    487
    Location:
    Traveling In Time
    You need to visit the troops like @austing over on the Other Assets LIC's discussion
     
    Nlang likes this.
  7. Omnidragon

    Omnidragon Well-Known Member

    Joined:
    17th Oct, 2015
    Posts:
    1,693
    Location:
    Victoria
    Sold a few places, been investing in other asset classes or investing in properties in other countries. The former has already achieved returns that are as much as my gains in this last property boom in around 14 months.
     
  8. eskander

    eskander Well-Known Member

    Joined:
    31st Dec, 2015
    Posts:
    105
    Location:
    NSW » Central Coast
  9. Bran

    Bran Well-Known Member

    Joined:
    20th Jun, 2015
    Posts:
    3,626
    Location:
    At work
    And if it all goes to pot? DYOR! :)
     
    eskander likes this.
  10. Rolf Latham

    Rolf Latham Inciteful (sic) Staff Member Business Plus Member

    Joined:
    14th Jun, 2015
    Posts:
    10,599
    Location:
    Gold Coast (Australia Wide)
    we all meet in Nimbin and watch Young Ones re runs over and over and over

    ta

    rolf
     
    Whitecat, Magnet and Gingin like this.
  11. Bran

    Bran Well-Known Member

    Joined:
    20th Jun, 2015
    Posts:
    3,626
    Location:
    At work
    I was going to visit Nimbin a couple of months ago. I struggled to find anything positive of the town so gave it a wide berth.
     
  12. euro73

    euro73 Well-Known Member Business Member

    Joined:
    18th Jun, 2015
    Posts:
    6,125
    Location:
    The beautiful Hills District, Sydney Australia

    Did you know you can put your money into banks in Indonesia and earn 7.5-7.75%? They take 20% as tax, but it leaves you with a 6% after tax yield. Deposits up to 200K AUD are insured by the Govt
     
    Gypsyblood, Whitecat and Gingin like this.
  13. euro73

    euro73 Well-Known Member Business Member

    Joined:
    18th Jun, 2015
    Posts:
    6,125
    Location:
    The beautiful Hills District, Sydney Australia
    I lived in Chicago for a few years.... great city. I also know several tradies and brokers there. :)
     
    Gypsyblood likes this.
  14. MTR

    MTR Well-Known Member

    Joined:
    19th Jun, 2015
    Posts:
    27,786
    Location:
    My World
    Some outside the square stuff, interesting
     
  15. MTR

    MTR Well-Known Member

    Joined:
    19th Jun, 2015
    Posts:
    27,786
    Location:
    My World
    Heard it was a great city, may be looking at this market

    Unfortunately The Windy City has now the highest crime rate in USA.
     
  16. Brisbane_reader

    Brisbane_reader Well-Known Member

    Joined:
    9th Nov, 2016
    Posts:
    54
    Location:
    Brisbane
    Remember that your deposit may be subject to fx risk depending on how you structure it, meaning your real gain may only be the Australian deposit rate as the rest will be eaten up through interest rate parity preventing arbitrage.
     
    Ross Forrester likes this.
  17. Iamnumber5

    Iamnumber5 Well-Known Member

    Joined:
    31st Dec, 2015
    Posts:
    352
    Location:
    australia
    Those term deposit up to 200K earning 7.5-7.75% interest won't be covered by the government. The government official rate at the moment is about 5.75%. If you accept a higher rate, the government insurance is nullified.

    Many banks give alternative cash back in the form of shopping voucher to entice customers instead of the higher interest rate.
     
    Gypsyblood and MTR like this.
  18. Ross Forrester

    Ross Forrester Well-Known Member

    Joined:
    30th Oct, 2016
    Posts:
    2,085
    Location:
    Perth, Western Australia
    Business wise - continue to invest in capacity and depth.

    Personally I am going to wait until I see something big.
     
  19. euro73

    euro73 Well-Known Member Business Member

    Joined:
    18th Jun, 2015
    Posts:
    6,125
    Location:
    The beautiful Hills District, Sydney Australia
    where is that information available?

    This says 2Billion ( 200K AUD ) is covered for any depositor, per bank. Doesn't mention that there is any restriction on any product, or any rate.

    Lembaga Penjamin Simpanan - Deposit Insured


    Bank of Indonesia cash rate is 6.5% at the moment... how can the "official rate" be @ 5.75% as you are suggesting? Even the Government owned BNI are offering 6.50% for time deposits...
     
    Last edited: 27th Jan, 2017
  20. Iamnumber5

    Iamnumber5 Well-Known Member

    Joined:
    31st Dec, 2015
    Posts:
    352
    Location:
    australia
    Go to "ineligible claim" section on that site clause no 9.
    This information is also displayed on teller front as a good practice by all banks. I will confirm the accuracy of 5.75% max interest rate on Monday, but definitely not 7.5-7.75%. Not now anyway.

    Last year July 2016 BI rate was 6.5%, and it's declining since then. BI rate is 4.75% at the moment.
    I have just opened a term deposit with a third tier bank two days ago, and 7% is the max that I can get. I think early last year I had been getting 10%.
    First tier bank like BCA or Mandiri is only 5ish %.