Jump to content
SAU Community

Recommended Posts

nah mate your Super Fund (whilst not a terrible idea as such) is going to underperform property investment everytime. Go see a home loans broker like Dan at Wizard Home Loans (Silver Bullet on SAU), Vange, your accountant, or one of Adelaide's top accountacy and advisory firms PKF Accounting (where my wife is a manager) and they will soon sort you out to making substantial amounts of money with almost no risk.

  • Replies 69
  • Created
  • Last Reply

Top Posters In This Topic

I the view that saving a deposit is a waste of time IF you can get a loan without the need for a deposit (graduate loan, garantor etc).

Joel, BEWARE the graduate loan.

I have one of these for the home my wife and I are constructing at present.

They are great loans, but make sure you read everything.

Due to the structure of their repayments being indexed at 3%pa, and your minimum repayment not varying with interest rate, if you pay the minimum with this loan you CAN (not will but it is possible) be in a situation where your minimum payment does not meet your interest accrued for the month - you actually owe more than you did at the beginning of the month.

This of course is not an issue if you are on top of these things, aware of the interest charges and are paying more than the minimum.

As always, Andrew's advice is based on sound analysis of fact.

Vange, Don't take this as digging at your post as its nothing of the like; but isn't it a bad time to invest due to slow market growth?

I would have thought the best time to invest is prior to the booms.

If you could just let me know when the next boom will be, that will be great :(

Andrew,

Curiosity.... IF one doesn't need a deposit to buy a house would you still recommend saving up a deposit? You know the old school save a deposit for your house etc.. :(

I the view that saving a deposit is a waste of time IF you can get a loan without the need for a deposit (graduate loan, garantor etc).

My reasoning being; you save for a year or two, within that year or two the value of a house will rise.

Instead of enjoying the increased value of your property if you origionally purchased it you are now having to foot the bill and pay more for that property, so essentially wasting your deposit.

Also.. Any chance you could throw up a market analysis chart of Moana? I like the sea side of commercial road.

I can get great deals on 100% finance. (loan = 100% of house purchase price) you still need to come up with the enough to cover the other costs, such as government charges and mortgage insurance. If you get a first home owners grant, that will cover a lot of it, but it depends on how much you want to spend on a place.

I'm more than happy to discuss how much you need to save (if any) to purchase a property. Give me a call and mention that you are from SAU

Dan

0413 135 167

Wizard Home Loans (Adelaide Branch)

dan do you guys do a line of credit loans ? i want to buy a property for investment soon or do you have other products that might serve my puepose

cheers mid life crisis

when u get that property give me a call and ill manage it 4 u :mad:

dan do you guys do a line of credit loans ? i want to buy a property for investment soon or do you have other products that might serve my puepose

cheers mid life crisis

We sure do. There are also other loans that are available for investors. Need to pick a loan that will suit your current and future needs.

Give me a call

w 8232 4001 ask for Dan, if I'm not there, leave a message and I'll call you back

  • 5 weeks later...

After a short conversation with Darren last night I thought I'd resurrect this thread.

My situation is this, I'm debt free and I have a not so insignificant amount of money going spare, at the moment it's sitting in an ING account.

So in real terms it's not doing anything, just keeping up with inflation, but at least it's not going backwards.

Frankly it's burning a hole in my pocket, I've toyed with the idea of blowing it on a car, but I really should put it to work.

Buying a first house is the obvious option, however, I'm pretty happy with my current life-style and have little interest in being a slave to my mortgage.

Another is the stock market, higher returns, far more liquid, but obviously a higher associated risk and the time/stress overheads of managing it.

Closely related to that is using a Managed Fund, less return (fees), hopefully slightly less risk, but much more of a "set and forget".

But coming back to real-estate, another option I hadn't considered, was buying a first home with no intention of moving in, but to rent it out, continuing to rent myself where I am currently. And I guess it was this strategy I was hoping to get you "Property Types" opinions on, but feel free to comment on any of the above, and/or other options open to me.

Oh and let me state, I'm fully aware of, and understand, that anything you say shouldn't be taken as "financial advise", "contact a professional", etc, etc.

Just hit me with your considered opinions please. :dry:

Cheers,

- Ash.

Invest in a rental propety. Currently we have a shortage of rentals available, and rents are going up. If you do ur figures right, u can find the right property in the right area, where it will increase in value and at the same time not cos your a fortune. (you can also use the first home owner grant! as long as u mvoe into the property in the first 12 months. - this is where we can help u, if we r managing it, we can make sure its vacant at the time you need to get in, with no extra charges :P )

I had a meeting with a company called "Investor Finance" yesterday. They are very good in giving you many areas to invest in. They look at what you have, and then tell you what you can achieve 1-5-10 yrs etc. They dont just tell youto invest in property, but other areas such as stock market etc, and different amount of risks. www.investorfinance.com.au

I will be holding a seminar shortly about investing etc, and i will keep you posted.

you can also use the first home owner grant! as long as u mvoe into the property in the first 12 months.

I will be holding a seminar shortly about investing etc, and i will keep you posted.

Yeh i think he means not having to live in it for that first year, and basically not having that hastle, when your investment will return more than that $7k when selling later on! Basically buying for a investment only and NOT planning on living in it!

As for that seminar.......... what would be interesting, not only seeing Vange hold it but just for the whole interesting factor!

Yeah, i haven't signed a new permanent contract yet, but it's all but certain I'm in SA permanent now. Which is why I've started thinking more permanent thoughts.

Oh and Darren is right, under the scenario i outlined, it'd be purely as an investment, with little or no intention of ever living there.

You can't lose (in the medium to long term) with property Ash. Do it.

Make sure you find a property where the income covers the mortgage payments (generally the lower value a property, the higher the rate of return) so start small. If you can get the tenant to cover the mortgage, and you throw in $100 per week (make sure you get a flexible loan where you can redraw without penalty if you need to get some cash back out), and you'll pay it off in no time, and the value will keep rising indefinitely. The good news for you is, with the market a bit slow at the moment, there are some bargains to be had if you look around.

An ideal place for you to buy would be in the city there are plenty of new or refurbished apartments which rent out for very nice dollars to Uni students.

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now



  • Similar Content

  • Latest Posts

    • No worries at all 🫡 I think the most satisfying things to make are the little bits that are just impossible to find or they're no longer manufactured. Generally I always try to replace parts with OEM wherever possible. This little project is also great because it'll never see the light of day, but strengthen these brackets so it's not just relying on the little standard screws in the headlight plastic. As soon as I saw the standard brackets and screws I thought, "well I'm not going to install with just the screws, the plastic tabs will just snap off". It's crazy how expensive everything has become yeah. But I suppose that's supply and demand; granted it's a lot easier to get brand new genuine parts these days which is fantastic 😊, I don't have to get totally reamed at the local Nissan dealer ha ha We sure are lucky we have all these manufacturers making parts these days, a few really great Australian companies too like Platinum Racing Products and Fit Mint Automotive, what a time to be alive ❤️ . I've got my eye on the RB26 head by PRP as mine has a very fine hairline crack, so that'll need to be addressed some time in the future. If you have any requests or odd things to make feel free to let me know and I can have a crack at making replacement parts ✌️
    • Thanks for sharing this, and BTW if your headlights are in good condition they are worth thousands....you might want to consider replacing them with brand new LED ones like this (https://www.nengun.com/78works/full-led-headlights-r32-skyline) and making enough profit to buy a house in Sydney
    • I'm not sure what sort of shops are nearby, but I'd expect any reasonable exhaust shop could put a cat in it that will not restrict the power that engine makes. Otherwise, if you want to remove it, short lengths that replace the cat are readily available online, search for "de-cat pipes" or "test pipes"  
    • Howdy friends, So another weird one today, I was looking into replacing some broken clips holding the front grille for the R32 GTR (part number 01553-03831), and noticed the brackets which are supposed to hold the grille in place were also missing 😑. I do recall seeing this issue many years ago, but didn't fix it at the time. A quick look on eBay and I was able to find the genuine brackets, along with all the screws which suited the headlights (part numbers 26042-08U05,26092-08U05). Happy days!....  Once they arrived however there was an extra nut in the packaging which implied that there should also be a bolt or a stud, and sure enough, after a bit of searching I found this thread from 2013, and @Ants clearly shows a stud should be present. Reading around a bit more, it's possible the headlights on my car are the "povo pack" headlights as mentioned by @funkymonkey in this thread way back in 2008. This could explain why the studs are missing on my set of headlights. Looking at the headlight diagram I wasn't able to see a suitable part number for the stud itself. The headlight did indeed have a recess that looked like it would accept a stud, but interestingly no thread or anything obvious how the stud would be affixed to the headlight, I suspect it may have been glued in, press fit, or melted into the plastic at the factory. Another member may be able to clarify if they happen to have a genuine set of N1 headlamps. The only thing we have to work with within the recess is a keyway which likely is there to prevent the stud from rotating within the recess. In any case, back to 3D printing, I put together a model which acts like a pug with a friction fit inside this recess, making use of the keyway so it doesn't rotate while tightening a bolt. Printing in TPU will allow it to slightly swell making a nice snug fit without cracking the part. I've designed the adaptor it to accept an 20 mm M6 bolt (stainless with a cap head in my case), as opposed to the standard M5 stud and I made use of the standard galvanised split washer that came with the genuine brackets from Nissan. Once the bolt and screws were all in place, giving the bracket a gentle shake gave the classic "shaking the car" feeling, very solid, which gives me confidence this is going to be able to hold on much better than the janky solution which seems to have been here for the past decade or so. Overall I'm really pleased with how this turned out and maybe there are more people out there running these headlights without a centre stud at all! Link to the freely available model on Printables: Click here Regards, Sean  
    • Hey everyone, This is my first post apart of the introduction. I tried searching a bit on the forum but couldn't really get a straight answer. I got the car to my mechanic as I felt it being weak. It seems that it was missing on two cylinders due to the injectors. I had all my injectors clean and the car runs much better. The mechanic also confirmed my suspicions that the cat is clogged and needs to be tackled asap. The cat rattles a bit and the hot exhaust warning frequently lights up when driving after getting the injectors clean. In my introduction I was asked about what modification I might be interested in and mentioned a cat delete. From what I was told, this is not really beneficial on the RB20DE and there are more cons than pros.  Could perhaps anyone give some suggestions on what the best course of action would be since the current cat is toast and needs to be removed/replaced anyway? I can also sometimes smell a strong smell of fuel, but I'm not sure if this is related.
×
×
  • Create New...