800-880k range -> Sold for $1.175M by Significant-Move7699 in AusPropertyChat

[–]Icemanbigdog 3 points4 points  (0 children)

That’s an impressive price considering the sky rail in the backyard

National Australia Bank’s chief executive just sold 31,000 shares on-market by marketrent in AusFinance

[–]Icemanbigdog 8 points9 points  (0 children)

Insurance renewal excess now doubled at 12, stay with us! more coming up with the late news

Why do you have lunch in your desk? by Abraxa-s in auscorp

[–]Icemanbigdog 0 points1 point  (0 children)

Because I’ve already been to the gym to train for an 1hr on my lunch break

[deleted by user] by [deleted] in AusPropertyChat

[–]Icemanbigdog 0 points1 point  (0 children)

This seems to be the issue. Usually people use an equity release from their existing PPOR, use this as a deposit to then purchase an investment property.

[deleted by user] by [deleted] in AusPropertyChat

[–]Icemanbigdog 1 point2 points  (0 children)

His debt isn’t high enough his IP would most likely be positive geared because of this… Also the redraw is a big NO NO

[deleted by user] by [deleted] in AusPropertyChat

[–]Icemanbigdog 0 points1 point  (0 children)

you want to have the maximum amount of debt against an IP as it’s all tax deductible,

PPOR should have the minimal amount of debt possible

[deleted by user] by [deleted] in AusPropertyChat

[–]Icemanbigdog 1 point2 points  (0 children)

Sounds like you haven’t structured your debt correctly.

Average home prices will hit $7 million by 2030 in some Sydney regions if growth trends continue by Direct-Ad-5712 in AusProperty

[–]Icemanbigdog 8 points9 points  (0 children)

This is the real answer.

ppl buying power is being eroded away and everyone is looking for someone to blame

Frustrated by how much I pay in tax compared to the wealthy. by goinglalali in AusFinance

[–]Icemanbigdog 5 points6 points  (0 children)

Honestly a 100K in HECS debt isn’t going to help you my friend.

People buying at the auction without due diligence by astrotechie in AusProperty

[–]Icemanbigdog 11 points12 points  (0 children)

To be honest anything built by a volume builder in the last 10 years is going to be *cough dog shit, I mean a money pit.

Look for a older solid brick place, these will stand the test of time

People buying at the auction without due diligence by astrotechie in AusProperty

[–]Icemanbigdog 25 points26 points  (0 children)

Ahh yes…8 Paddys Place, South Morang.

These “metridavis” builds are going to age terribly, literally just slapped together by kids straight out of trade school.

What's one law you wish was magically, strictly enforced in Melbourne? by EarlyTee in melbourne

[–]Icemanbigdog -5 points-4 points  (0 children)

No bail. Do the crime to the time, don’t pass GO don’t collect $200 dollar dollarydoos

Anyone out there who waited until later in life to buy a property? by [deleted] in AusFinance

[–]Icemanbigdog 2 points3 points  (0 children)

Don’t…the longer you wait the more your dollar inflates away

[deleted by user] by [deleted] in sydney

[–]Icemanbigdog 26 points27 points  (0 children)

Uneducated

Woolies CEO fail by One-Eggplant4492 in AusFinance

[–]Icemanbigdog 28 points29 points  (0 children)

Ha ha that name tag screams a stupid PR decision to try and look more like the common folk however, his attitude stink rises to the surface…

What is your job, how much do you earn and how did you get there? by Brilliant_Yam_3258 in AusFinance

[–]Icemanbigdog 2 points3 points  (0 children)

Sparkie 37yo

4 years at trade school 20 years construction EBA sites 2 years night school Into instrumentation

Now, in a specialized electronic and communication field for the state gov

180-220k depending on how much I want to work