澳洲Australia property Total Picture | Sydney


在澳大利亚 I need some advice regarding a property purchase. Property - semi-detached house Bedrooms - 2 Condition - average needs internal reno to modernise Street - one of the best in suburb Location - excellent Close to schools - yes Transport - 50m The pool at of an IP needs to be resurfaced (or so the pool doctor says), the cost was estimated to be $10K ($10,000), after recoverying from my impresssion of a cat coughing up a fur ball, it just seems far too much. Its just a standard poo


I know that there have been new topics showing yields, total value of property owned, etc. What about having just the vital statistics, like a snapshot, if it's not too personal? Perhaps we could only provide details we are comfortable with, as you do. Just keep it simple, providing the facts, to see how we are traveling? Please feel free to add to my snapshot if I have left anything important out.
Total value of property held. Total LVR. Yield. How many properties owned? Average interest rate paying across the board? Year started to invest? Vicinity property is owned? Biggest love and hate about owning your property?  

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This was obviously a wonderful idea of mine! Maybe time for me to delete it completely?  

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I just think it is too personal for many, me included.

There is so much personal detail about many of us here already, that adding our numbers to it just seems a step too far.  

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I agree with Wylie, although I have posted a thread detailing each milestone reached for every 1 million in net equity achieved. search for a thread titled "woke up a millionaire". I hope to post instalment #3 soon.:)  

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Understood, i saw there were bits and pieces of this info, but not altogether. With all the info together you get a good picture, but obviously as you said, too personal. Anyway, at least i got this off my chest!. Thanks  

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danel said: ↑
I know that there have been new topics showing yields, total value of property owned, etc. What about having just the vital statistics, like a snapshot, if it's not too personal? Perhaps we could only provide details we are comfortable with, as you do. Just keep it simple, providing the facts, to see how we are traveling? Please feel free to add to my snapshot if I have left anything important out.
Total value of property held. Total LVR. Yield. How many properties owned? Average interest rate paying across the board? Year started to invest? Vicinity property is owned? Biggest love and hate about owning your property?Click to expand...
Biggest love; the combined factors of CG, depreciation, rent return have catapulted our nett worth far higher than simply our wage and saving ever could have.

Biggest hate; laws and rules that favour the tenants too much, & Land tax.

Started investing in IP's in 2001.  

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danel said: ↑
Perhaps we could only provide details we are comfortable with, as you do. Just keep it simple, providing the facts, to see how we are traveling?Click to expand...
I'm trying to decide which direction to head in now. Whether to accumulate more resi Ip's, head into shares /commercial property or to simply stash cash into offset accounts and let the existing portfolio do it's thing.

danel said: ↑
Total value of property held.Click to expand...
Not comfortable giving this detail out.

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Total LVR.Click to expand...
47%

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Yield.Click to expand...
On current values, very low. On purchase price - they range from 5% to 10%.

danel said: ↑
How many properties owned?Click to expand...
Ours are all in Melbourne. I don't think disclosing the number held is all that meaningful without disclosing the rest of the figures that go with it! (Which I am not willing to do here).

danel said: ↑
Average interest rate paying across the board?Click to expand...
Across the board - 7.5% (Due to mistakingly locking some loans in at 8% when rates were very high a few years ago)

danel said: ↑
Year started to invest?Click to expand...
Started investing in IP's in 2001. PPOR bought in 1997.

danel said: ↑
Vicinity property is owned? Biggest love and hate about owning your property?Click to expand...
All property is in Melbourne.

Positive Aspects of Residential Property:

a) Residential Property can act as a spring board to other investments - whether they be a business, commercial real estate or shares.

b) Residential Property can also be used to borrow against - this can be a useful facility to have should the need arise to access large sums of money.

c) Residential Property can be improved over time (value adds)

d) Can be passed to the next generation fairly easily. (Through a Testamentary Will Trust)

e) Can be used to help family without loosing control of the asset.

f) Safe investment (if held over time) and fairly forgiving if you make a poor purchase choice.

danel said: ↑
and hate about owning your property?Click to expand...
a) Short leases
b) Inept property managers.
c) Can be more hands on than say shares.
d) Low yields and land lord is responsible for outgoings/repairs etc.


I loved the Anz add a few years ago - He who has the most property, wins! :D  

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Awesome feedback, thanks! I think that this gives a great guide, in short, of how we are travelling in comparison! i wonder when talking about yields if we should base them on what we paid or what the current market value is?  

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danel said: ↑
I know that there have been new topics showing yields, total value of property owned, etc. What about having just the vital statistics, like a snapshot, if it's not too personal? Perhaps we could only provide details we are comfortable with, as you do. Just keep it simple, providing the facts, to see how we are traveling? Please feel free to add to my snapshot if I have left anything important out.

Sure, I will answer what I choose to.

Total value of property held.

Unsure, it's in the millions..

Total LVR.

Unsure, but it's decreasing all the time, I think I initially started as LVR to the clacker, (well, topped at 90% after a start @ 80% might have been 70%). I felt I went steady, one of my investor buddy's said I was an 'aggressive' investor, another friend said I was 'careful, diligent and relatively conservative'.

I followed my own drumbeat, eyes wide open.



Yield.

When I purchase it must make money immediately, except for the land banking, but they quickly doubled trebled etc in value..

How many properties owned?

Am reshuffling the deck at present..

Average interest rate paying across the board?

I don't know, seemed pretty good last time I looked in relative comparison to nothing in particular really...some loans have lower interest rate, some a bit higher...my in's all cover the out's.


Year started to invest?

Ah, 2002. But was interested and researching a couple before that.

Vicinity property is owned?

It's all regional at moment.


Biggest love and hate about owning your property?Click to expand...
Love, love, love..'I do the things I Love, and Love the things I do'..It's a Love Feast. I love building wealth and assets, I love the research, the networking, the people I have meet, (and am meeting), I love houses, I love architecture, I love land, I love regional cities, towns and it's folk. I honestly searched my mind and heart on something to say 'I don't like' and ...well:confused::eek:

Like the previous poster mentioned, I am close to capitalising what I have done, and built- taking it into other areas.

No doubt there will be something I find distasteful sooner or later, I'll come back and share it.
 

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Okay, you have me kinda motivated into getting a general (figure wise) more accurate calculation -of-sorts together, (I'm just not a bean countin' kinda person, seriously, more 'about roughly').

My LVR is well under 50%. Now that is not including my other assets, owned outright, 'only the property investing'. This has been a nice opportunity for me to stocktake, I am pleased. Thankyou for bringing this thread up, for catching my attention, it's good to do a little stocktake now and then, I can get caught up in many things and it is useful to have more than a roughie bean count in the mind.  

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Great post! Obsession, I am like you, never really count much, just have a basic idea. It does get you thinking, see your own situation, even if you don't post it! Thank you!  

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Doe any one actually use any fancy software to track and extrapolate your current position?

I find doing up a basic spreadsheet and plugging all the key numbers and variables is as good as anything. Its a little manual, but you can make macros to speed it up.

- i.e loan summaries for each, fixed or variable - trigger points when fixed is finishing and what do etc.

- total dollars coming including all rents, job income.
- total cash going out including taxes and prop expenses etc
- % of income going to investing etc.

This should help with a clearer perspective, including at what level can you afford your next move etc. You should be able to more clearly see how much out of pocket your next move can be before it becomes too risky or out of your comfort zone.

Without all this you are down to the balance in your bank each month to work out your cashflow position. Limited data is guaranteed to impound your future planning and decision process.  

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