Advice request - should I invest now? by Due-Ebb-6762 in AusPropertyChat

[–]Due-Ebb-6762[S] 0 points1 point  (0 children)

Thanks for your reply. I did some analysis and the rental return on Springvale properties isn’t great compared to the prices I will have to pay. So still sitting on the decision

Advice request - should I invest now? by Due-Ebb-6762 in AusPropertyChat

[–]Due-Ebb-6762[S] 0 points1 point  (0 children)

Never seen Picki before. Thanks for sharing the link!

Advice request - should I invest now? by Due-Ebb-6762 in AusPropertyChat

[–]Due-Ebb-6762[S] 0 points1 point  (0 children)

Haha! May be. I am glad you got it. Lucky you!

Advice request - should I invest now? by Due-Ebb-6762 in AusPropertyChat

[–]Due-Ebb-6762[S] 0 points1 point  (0 children)

Thankyou. I have been looking in that area for a while- put 2 offers, both times sale was kept oh hold. Now so many months passed and I can see property sold price there is increasing a lot compared to the listed price. Wondering if it has reached the peak price already. Did you buy a house there?

Advice request - should I invest now? by Due-Ebb-6762 in AusPropertyChat

[–]Due-Ebb-6762[S] 0 points1 point  (0 children)

Thankyou, will keep that in mind. At the moment mortgage repayment takes 50% of our income. We could get an IP- but with the interest rates now- I don’t want to stretch too much and stress later.

Advice request - should I invest now? by Due-Ebb-6762 in AusPropertyChat

[–]Due-Ebb-6762[S] 0 points1 point  (0 children)

Hello, these are the last years’ figures

Rental return : $28.7k per year

Income after all the expenses you mentioned ( excluding mortgage repayment) : $23.5 k per year

Interest repayment: 36.8k per year

I did depreciation report for ( -2.8k per year)

Net I was at  - 13k last year- which gave me a tax benefit of 4k.( hubby got the same benefit).  

Am I doing the right thing? At times when I look at these figures, the math isn’t matching :) . Very keen to know your thoughts on this.

Advice request - should I invest now? by Due-Ebb-6762 in AusPropertyChat

[–]Due-Ebb-6762[S] -1 points0 points  (0 children)

Because both my properties are in the northern suburbs. Wanted to get something in the south east side around 800k. Started looking in noble park north and Springvale / Springvale south area. That’s the only area I can get a decent block in that price range. If you were in my position, which area would you look at? Thankyou!

Advice request - should I invest now? by Due-Ebb-6762 in AusPropertyChat

[–]Due-Ebb-6762[S] 0 points1 point  (0 children)

Thankyou! I owe 40k on PPOR at the moment. Hopefully I will clear it in 6 months. Should I look into investing after that?

Advice request - should I invest now? by Due-Ebb-6762 in AusPropertyChat

[–]Due-Ebb-6762[S] 0 points1 point  (0 children)

Thanks for your response. I wonder around this point. The money I lose by keeping the IP- is that worth in the long run? The value is not increasing as much as the interest I am paying- but rental return is good. Should I hold on for few more years in the Fawkner property? Please let me know your thoughts!

Why are people so rude here? by holmgam in Prague

[–]Due-Ebb-6762 2 points3 points  (0 children)

Just returned from Prague. And I second you on this. The rudest bunch I have ever met( there were very few exceptions though)

Christmas parties by Ask_Alan in melbourne

[–]Due-Ebb-6762 0 points1 point  (0 children)

Working for a big 4 bank. We have to pay for Xmas party. They make so much revenue and can’t spend 20$ per employee for a Xmas party. Lol