Is it a good time to buy a PPOR in Brisbane?

With the current low interest rate, I am thinking of buying a PPOR in Brisbane, Logan to be specific because it is relatively cheap. I am thinking of buying land, then build a house. Alternatively, buying a cheap land with house, then build a new house after demolishing the original house.

Is this a good time to buy a PPOR? Some people are saying fix rate can't go lower, some say the property market has topped and will drop in the near future.

While I can afford to do so at the moment, I am in no hurry to purchase a PPOR. I would rather making sure the timing is right.

What do you guys think?

Is it a good time to buy a PPOR in Brisbane?

Exchange rate on internationally paid expenses

Bit of a grand thread subject!

I recently had to pay an expense on my UK investment using AU$, in Australia. (Unusual, but a one-off)

When I am accounting for this, what exchange rate should I use? Would a day spot rate from say Oanda.com be OK?

Thanks

JB

Exchange rate on internationally paid expenses

Ikea on Checkout

Checkout now, ABC. They are sending up Ikea.

Ikea on Checkout

Melbourne 2030 changing demographics and the unit boom

Hi guys

New to SS and thought I might share.

Another site I like to check from time to time is Urban Melbourne, there's some great stuff if you're interested in infrastructure, town planning and large scale OTP unit developments (I would never buy one as an IP but tall buildings interest me)

Anyway, the demographic crunch is coming and I think we all know that this means many more units. But how many more?

This article: http://ift.tt/1Ks31Rx explores that question.

If their forecasts are accurate I think it has some pretty significant consequences for long term IPs. It would seem to me that while the demand for houses will always remain strong the ratio between units to houses will begin to change and result in seriously limited supply of housing stock compared to units (I think this process is actually already well under way).

My bet would be, in 20 years time, whether you're perceived as rich or poor will depend just as much on 'Where do you live?' as 'Do you live in a house or an apartment'?

Thoughts?

Beelzebub

Melbourne 2030 changing demographics and the unit boom

What would YOU do?

Hello SS

I thought i would make a post and get some opinions from a lot of experienced investors and people who have gone before me down this road .

This is my first post after spending almost 3 years lurking the forum ,mainly educating myself on property finance and accounting .

I am 23y/o 50k salary no dependents and live like a monk !
I have recently refinanced and have 90k in undrawn funds in a term loan
I currently own 3 IP and roughly a net work of 120k and a cash shortfall of 4k P/A

My serviceability is extremely tight and prob evan more so after APRAs intervention .

My goal is to have enough equity to purchase 1 or 2 CIP with long term tenants to exit work with excessive passive cash flow so i basically need 500k-700k for these purchases as I would not buy a second tier CIP but only a quality one with long term tenants .

Option 1 Purchase an I/P on a development site for aprx 300k either build on the new allotment or sell before build whichever is more profitable . I believe this would greatly enhance my equity position and i would gain a lot of skill in development but being new to development it also carries some risk and it could be a lengthy process

Option 2 Purchase shares in COY like : WOW,FMG,HZN,STO,WPL,BHP,S32 and some other oilers who are near 52wk lows and are trading at low multiples . I would make these purchases in a trust structure and hold them long term reinvesting any positive CF

Option3 Purchase shares in the above companies but not as much $ worth and keep some funds avail. Seek a new job preferably in sales and build my serviceability up so i can continue to accumulate I/P . I figure if the job transitions goes smoothly after 1 or 2 years i could service another 2-3 more IPs meanwhile my I/Ps and Shares have appreciated .

I liquidated all of my stock holdings to purchase my first I/P so I do have some experience in the market and understand that it is a long term game and view stock investing the same as I/P investing .

Any opinions and advice from anyone would be great Thanks Ken

What would YOU do?

Costs involved in buying existing property as a newbie investor in NSW ?

Hi,

Can anyone please let me know what are and how much approximately the costs that needs to be accounted when buying a new investment property ?

Let say for example, I?m buying $500k existing property as investment (As I?m no longer First home owner) in NSW.

What can be put into the bank loan so that I can maximize LVR and what must be paid cash cannot / should not be put into the loan.

Thanks,

Costs involved in buying existing property as a newbie investor in NSW ?

ATO channel in YouTube

Hi

Just found these videos in the ATO channel in YouTube. Very good for a basic understanding on the TAX aspects of investment properties.

https://www.youtube.com/playlist?lis...xAgGy5Ad5nr_7E

ATO channel in YouTube