Positively Geared Properties | Property
Positively Geared Properties
Phone: +61 416 074 586
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24.01.2022 In real estate, you make 10% of your money because youre a genius and 90% because you catch a great wave. - Jeff Greene
22.01.2022 Get your neighbours to pay the mortgage. With a Dual Occupancy duplex house, you live on one side & your neighbours (aka tenants) living on the other side help pay your mortgage. Check the website positivelygearedproperties.com.au
20.01.2022 Sydney's (un)real estate prices. I was in Sydney recently having lunch with a couple of friends at Bondi Junction. Both gents were Sydney real estate investors, so they have 1st hand market knowledge. One was commenting that the 2 brm/2 bath standard apartments above the café we were at, sold for $1.4M to $1.9M. Lucky I was sitting down and not drinking my tea at the time. Mind you the units had some water views. He also commented that they would rent for $1,200 pw to $1,500 ...pw. Not a bad ROI - about 4.1% (ex expenses). I asked who could afford such prices or rent. Their responses were shoulder shrugs with a Dunno maybe lawyers. I also commented that Sydney folk seemed to be a bit leaner than Brisbane folk in general. I guess Sydney people cannot afford food. once having paid their mortgage or rent. Comments? See more
18.01.2022 Positively Geared Properties is a Brisbane based organization which helps bridge the housing affordability gap...
14.01.2022 $60k (or $40k + first home owners grant) will get you into a Positively Geared Property on Brisbane's southside. With a dual occupancy duplex, the neighbours help pay the mortgage so your mortgage contribution is $177 pw. In other words, no mortgage stress!
12.01.2022 APRA throws a wet blanket over Australian Property lending In an effort to cool the Australian housing market & ensure banks dont end up with underwater mortgages on their books, the Australian Prudential Regulation Authority (APRA) has told banks to limit the lending of interest only loans to 30% of new residential housing. Currently, interest only loans cover 40% new residential housing. APRA also has instructed banks to lend based on debt serviceability ratio (DSR) to ac...count for interest rates to be somewhere in the 7.5% pa vicinity. This has caused house prices to cool in the Sydney & Melbourne markets recently. Experts suggest that prices will either fall or stagnate in 2018. These measures also put a dampener on new housing constructions. And as with any action, there are always unintended consequences. Firstly, this measure provides an opportunity for cashed up Chinese buyers to purchase property in these markets as the rules only apply to mortgage seekers. The measures also reduces rental stocks (less house builds) and therefore will likely put upward pressure on rental prices which is good for landlords, but no so good for the 32% of Australians who rent (64% of under 35s rent). Remember that at the current immigrations rates of over 200,000 people per annum, there are more people than houses and everybody has to live somewhere. So there will be a rental crisis coming this year. Another effect is that it will lower the property expectations for those seeking mortgages. This means that buyers in the upper & middle priced properties may be forced to seek lower priced properties, therefore keeping the prices in that market a little more robust. And those at the lower end may be priced out of the market. So how can those priced out of the market get into the market? We currently have access to single block duplexes in Brisbane which supports lower income buyers to buy their own home. By living in one side & renting the other side out to help pay the mortgage, they fit the new APRA requirements, as well as help others with the coming rental crisis. Click Learn More button on the Positively Geared Properties Facebook page for a free report. Or contact us directly. Please like and share this page.
06.01.2022 Logan City Council (LCC) in Brisbanes south strikes a blow to affordable housing. Currently, LCC allows builders to construct duplexes (dual occupancy) on small, low density residential lots (say 450 sq m). This provides affordable housing and property investments for first home buyers and fledgling investors. As of July 2018, LCC are closing this window on small lot duplexes so that these style of duplexes can only be built on 700+ sq m, have an 18m frontage and pay extra i...nfrastructure costs (ie $thousands). And of course a 700sq m block is much more expensive than a 450 sq m block, if you can find one that is not too far out of suburbia. This means that buyers/investors can only buy small lot duplexes for another few months. So now would be a really good time to do something in this space before the window closes. Positively Geared Properties can source some of these properties now. If you are an investor, we currently have one on the books that yields 6.5%-6.9% pa. Contact me if this is something that interests you or a friend/relative. PS Please click like & share this post. Cheers Michael
06.01.2022 Fill out this form to receive your FREE report on How to Get Paid to Buy Your Kids a Home! https://www.positivelygearedproperties.com.au/contact
06.01.2022 Logan City Council (LCC) in Brisbane’s south strikes a blow to affordable housing. Currently, LCC allows builders to construct duplexes (dual occupancy) on small, low density residential lots (say 450 sq m). This provides affordable housing and property investments for first home buyers and fledgling investors. As of July 2018, LCC are closing this window on small lot duplexes so that these style of duplexes can only be built on 700+ sq m, have an 18m frontage and pay extra i...nfrastructure costs (ie $thousands). And of course a 700sq m block is much more expensive than a 450 sq m block, if you can find one that is not too far out of suburbia. This means that buyers/investors can only buy small lot duplexes for another few months. So now would be a really good time to do something in this space before the window closes. Positively Geared Properties can source some of these properties now. If you are an investor, we currently have one on the books that yields 6.5%-6.9% pa. Contact me if this is something that interests you or a friend/relative. PS Please click like & share this post. Cheers Michael
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