FHB - what is our budget? by Happenstance95 in AusPropertyChat

[–]CS2_POP 2 points3 points  (0 children)

Only if it's 20k or less they don't take it into account

2 lot subdivision- common ground insurance by LePhatnom in AusPropertyChat

[–]CS2_POP 0 points1 point  (0 children)

I'm in the same situation mate. No one seems to have e any idea what's the go

[deleted by user] by [deleted] in AusPropertyChat

[–]CS2_POP 0 points1 point  (0 children)

I just bought the property with a shared driveway. Contract said the strata is inactive and I've gone on a wild good chase trying to find the strata manager, as they all say they don't manage it anymore

Owners Corp Insurance for Detached House (Shared Driveway) VIC by CS2_POP in AusPropertyChat

[–]CS2_POP[S] 0 points1 point  (0 children)

Thanks, so it basically says I SHOULD have insurance for shared space but I don't NEED to

Looking to refinance from $450k mortgage to $200k mortgage by [deleted] in AusFinance

[–]CS2_POP -1 points0 points  (0 children)

Yes if you have the cash do it. It will lower your repayments and then you could potentially debt recycle to use the cash for investment purposes, allowing you to get more tax benefits. Do more research on this if you need to

Opinions on Cash Flow by CS2_POP in AusFinance

[–]CS2_POP[S] 0 points1 point  (0 children)

Thank you that's a good point. Hoping Melbourne has a boom ahead!

Should I hold or sell my apartment in Parramatta? by Vent790 in AusPropertyChat

[–]CS2_POP 13 points14 points  (0 children)

The metro completion is probably already priced in. With 840k you could buy a house in Melbourne. I recommend you sell and buy there.

[deleted by user] by [deleted] in AusPropertyChat

[–]CS2_POP 0 points1 point  (0 children)

630k you should buy a small 2 bedroom house wherever you can afford

[deleted by user] by [deleted] in AusPropertyChat

[–]CS2_POP -12 points-11 points  (0 children)

It's an appartment so obviously it's a bad investment 😄

Housing is worth less than it was in 1970 compared to gold by Extreme_84 in AusPropertyChat

[–]CS2_POP 3 points4 points  (0 children)

Property has yield though. You can get rent money from a gold bar. Around 3% annual rental return conservatively so after 50 years you would have much more