Видео

@@TheSmokeACE nope he is a RentVestor

Thank you for the support!

Yes sure, we'll put that down as a topic for discussion in the upcoming episodes - thanks for your suggestion on topics!

Thanks for your support! The goal of this channel is to keep it educational :)

Good point - yes assuming all else being equal, in scenario 2 you would be able to fit IP2 for with Lender B as well. So the order would be IP1 & IP2 with Lender B, then IP3 with Lender C. However if IP1 is with Lender B and IP2 with Lender C, then from structuring perspective we would have problem coming back to using Lender B for IP3 at that point. We'll have no choice but to use Lender C for IP3.

If you are building in a tightly held suburb, no more than 25km from the CBD ring, absolutely. If you a new estate housing estate with lots of land for sale, I would stay away. Have a chat to Dave (Shih) about construction finance and the possibility of capitalising in your interest into the construction loan to reduce your holding costs whilst construction is under way. I'm happy to refer you to two reputable builders who typically construct slab to keys in 10 months for single story and 18 months for 2 story. Think about buying a proposed subdivision lot, this way you can negotiate to get your DA, building permit and builder selected before titles are issued, meaning you are not paying interest whist going through this process. Once you have titles you can then commence construction. This will save you the interest rate cost on the land, and hopefully will see some equity in the block.

Thanks for the support Gary!

Thanks for the support @garyhuang11!

No problem Nitro I'll find a time to do a video to discuss this.

ohhh, don't get him started on his consipiracy theory...he would go blabbing on non-stop! 😆

Thanks for your support Jake and glad you like the content!

It depends - it'll be targeted for investor buyers who can see cashflow stacking up or owner occupier buyers with big family. In a high demand city like Sydney it may not be as difficult to sell.

Thanks - I will definitely look into this for our future videos :)

Very valid points and appreciate your detailed opinion mate!

I thought I was the pessimistic one between me and John :) Stock numbers have been about 20% below but the demand is still in-line with previous 5 year average as according to Corelogic data. I guess it also depends on the suburb and type of property you're looking at. Anecdotally from the agents, there was definitely a lot more caution in the air and buyer behaviour last weekend so who knows we might be on the start of second dip now.

​@@lendpower borrowing capacity is still cut by 25 percent.

Glad you find this ihelpful Garri!

Here is the link that should help you - this is specifically for WA: www.wa.gov.au/organisation/department-of-finance/fhog There is currently no federal first home grant anymore so you'll just be looking at what each of the states are offering.

You can definitely engage Dave Hall for your owner occupier purchase in Perth. Feel free to email Dave on david@buyersagencyco.com.au or +61493405084. Good luck!

Hi George, I don't know Perth apartments well enough to be able to comment whether this will be a viable investment. Having said that purely from asset selection perspective if it has river view then it's got a unique & distinguished feature so may not be a bad idea. Please do your own DD.

@@lendpower good luck, be happy guys.🤓

Indeed, why pay rent when you can own in the long run? I think the biggest challenge though is still putting the deposit together, once that hurdle is crossed then easy to own property from there.

Agree with you the next 12 months won't be pretty. That's why it's important to hold cash buffer for rainy days like this :)

Hi jake David Hall’s contact details are noted in the video description.

Thanks for the support Dan!

The market will grow another 20% on top of the 20% it's already grown and youll still be asking the same questions

@@spiffleable 20%growth in the next 3 years, but 30% correction in the following 3-5 years, if history repeats itself. With 2% interest hike, which means extra 10k for an 500k loan each year. You work it out yourself, Rental yield has to reach 8% (break even) in order for a long term holding.

I sure hope so - but the short term pain is not going to go away immediately I assume. That's why we need skilled migrants to help us out!

@@lendpower The Liberal government used skilled migration to suppress wages and boost housing prices. I don't need any more of that.

Thanks for your support Sam! Glad it helped you :)

Thanks Nathan glad you liked it! Trust you're doing well too!

Thanks for your support Praveen :)

Hi Jose, there are a few factors at play here. The main one is whether the loan is on Interest Only (IO) repayment or on Principal & Interest (P&I) repayment. The property will be a lot easier to be positive/neutral if the loan is on IO repayment because you're not "paying down" the loan so ongoing repayment is low. With IO + current interest rate positive/neutral can be achieved with some higher yielding properties from day 1. If however, you want the property to be paying itself down (i.e. on P&I repayment) AND having the property to be positive cashflow, then generally speaking your Loan-to-Value Ratio (LVR) will need to be about 65% or lower for the property to start becoming neutral or positive in cashflow.

@@lendpower Thanks David! Follow up question 🙋‍♂️ on that. From day 1 you got your IP and started getting it rented, how long on average should it take for it to become positive, for both IO and P&I. Just a gauge for me if I made a good choice 👍🏼 on my IP, because it’s all about location, type and cost of the property, in my understanding at least. Thanks 😊 David!

@@josedarrylalano8356 again there are multiple factors here at play such as the LVR you purchased the property at, the rate of increase in rent, the ongoing interest rate etc..so there is no defined rule here unfortunately. To give you an example however, a few of my Logan properties which had close to 7% gross rental yield from day 1 coupled with IO repayment were positive from day 1. If it’s on P&I repayment with today’s interest rate I would say they’ll be neutral cashflow (while paying down the loan). The one I bought at Murrumba Downs didn’t have as good rental yield so would be neutral from day one on IO repayment but negative on P&I. If I focus on getting that paid down to about 67% LVR and ask bank to reduce ongoing payment based on latest loan amount then it’ll likely be neutral cashflow. However this one does have better capital growth…so again it really depends. Hope that helps?

Hi lokyi2. If you can I would suggest to avoid buying in LCC's low socio demographic areas. The yield on paper may look fantastic but the reality is when you factor in a few tenancy turnover, or when tenants are late with their rent payment then you have a gap to fill in the cashflow.

Hi Tom, Over time as price continue to rise at Woodridge it will slowly gentrify. However at this point in time I believe it's still attracting similar demographics on the ground. Woodridge's vacancy rate has been trending down due to people wanting bigger places after COVID-19 so there's a spike in demand for houses. Not sure how it's going to go in the long run - but more investors = more stock for rent = higher vacancy in general. My personal opinion is the price will eventually catch up in Woodridge & Logan Central however it may still take a while to hit the $500K+ mark.

@@lendpower Hi David, thanks for sharing your opinion. I'm definitely keen on investing in the Woodridge area. Long term, I think it will pay off. 1. Can you recommend any *gun* property manager in the Woodridge area? Also, I have begun moving to EBM insurance since they did the right thing for you. 2. What is the best way to contact you instead of commenting on RUclips? Instagram, propertychat and etc. Thanks for sharing! Tom,

@@tomnguyen1015 Hi Tom, feel free to reach out to me via giving me a call on 0410 291 536 or email david@lendpower.com.au and we can take the discussion offline. Looking forward to chatting to you :) Cheers, David