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Sydney's average mortgage $600k; Up 33% in four years!!
Topic Started: 11 Jan 2017, 05:34 PM (4,661 Views)
Simon_S
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silverman47
11 Jan 2017, 11:05 PM
Your a bit of a dope mate.

Tennants end up paying all expenses.

Our debts on investment properties, even equity hardly matters at the end of the day, this is the main thing you people fail to understand. We dont really care what the value does at the end of the day on a tenanted property. It goes up, down, sideways doesnt matter. Sure its nice if it goes up, but if it doesnt, we just hold it longer. You guys are paying for it.
So an investor buying property now will cover all expenses and outgoings with rent?

Whats the Yeild again?

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Chris
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silverman47
11 Jan 2017, 11:05 PM
Your a bit of a dope mate.

Tennants end up paying all expenses.

Our debts on investment properties, even equity hardly matters at the end of the day, this is the main thing you people fail to understand. We dont really care what the value does at the end of the day on a tenanted property. It goes up, down, sideways doesnt matter. Sure its nice if it goes up, but if it doesnt, we just hold it longer. You guys are paying for it.
Wahahahahahs, you can't lose as a property owner it's just win win win………………………yeeeeeeeaaaaaahhhhh!!!!

Your so amazing property investor man 👍😀
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skamy
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Chris
11 Jan 2017, 08:38 PM
And some have been enslaved to the mercy of some serious debt laden dosh. What's your point?

And yet, based on the quote you provided, banks failed their stress test audit over 1,000's of customers when it came to those regulations.

Maybe legislation is required to ensure the regulatory tiger gets some teeth.
They are not enslaved you are being silly. The way loans are calculated relative to income have hardly change since we bought our first home in 1981.

All that is happening is that richer people are buying Sydney homes. The poorer people are getting priced out to the Gong.
Definition of a doom and gloomer from 1993
The last camp is made up of the doom-and-gloomers. Their slogan is "it's the end of the world as we know it". Right now they are convinced that debt is the evil responsible for all our economic woes and must be eliminated at all cost. Many doom-and-gloomers believe that unprecedented debt levels mean that we are on the precipice of a worse crisis than the Great Depression. The doom-and-gloomers hang on the latest series of negative economic data.
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Chris
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skamy
12 Jan 2017, 12:47 AM
They are not enslaved you are being silly. The way loans are calculated relative to income have hardly change since we bought our first home in 1981.

All that is happening is that richer people are buying Sydney homes. The poorer people are getting priced out to the Gong.
Us poor people are so grateful to have advocates like you in our corner shammy, god bless you.
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Matthew
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Chris
11 Jan 2017, 05:34 PM
http://www.theage.com.au/business/the-economy/sydneys-housing-affordability-problem--in-three-tweets-20170110-gtpagc.html

Here you ladies and gentleman this is sustainability at its best.

Borrowing is so regulated it allows this, it's ok though they are all tested at 7-8% above this so they still have $50k on average to go before the suburbanites are stressed aigh Pete?
The question Chris is not what is the average mortgage, the question is what is the income of the household with the average Mortgage.

If that income is over $150k (split somewhat equally for tax purposes), then what is the problem?

My only hope for my three boys is that they turn out nothing at all like Chris.
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herbie
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Matthew
12 Jan 2017, 01:47 AM
The question Chris is not what is the average mortgage, the question is what is the income of the household with the average Mortgage.

If that income is over $150k (split somewhat equally for tax purposes), then what is the problem?
I once asked "How can tenants in middle ring Brisvegas afford ta pay $400 plus per week in rent?" - Wif anywhere up to $25,000 pa ta put a roof over ya head sounding like a lot ta me.

Woz told "Wif hubby 'n wifey both working in tha city on $80K pa each, $25,000 pa just isn't a big deal ta 'em." (As in Ya behind tha times herbie ole mate! - LOL)

Sorta begs tha question of "Why tha f*** don't they buy" I 'spose? - Wif 'em being able ta buy for maybe $550K.

Wif tha only answer ta that one being "'Cause they don't want to" ... I 'spose? (For wotever tha specific reason/s might be in their case.)

But Sorries, I got all distracted - We're 'sposed ta be cryin' about Sydvegas prices here hey? - LOL
Edited by herbie, 12 Jan 2017, 06:40 AM.
A Professional Demographer to an amateur demographer: "negative natural increase will never outweigh the positive net migration"
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Simon_S
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Matthew
12 Jan 2017, 01:47 AM
The question Chris is not what is the average mortgage, the question is what is the income of the household with the average Mortgage.

If that income is over $150k (split somewhat equally for tax purposes), then what is the problem?
When you've had 26 years of uninterrupted growth and the last 8 of them through Record Low Interest Rates and Monetary Stimulus GLOBALLY what happens to all these Incomes in the Next Recession........

Or can you categorically state that there will never be another Recession?

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herbie
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Talkin' about recessions 'n gloom 'n doom 'n misery generally, has anyone heard from Teddles lately? ... :)

Hmmm - Perhaps "Yeild" is a Hun or Frog thing? - Seems they do some REALLY strange stuff wif their "ie" 'n "ei" words quite regularly: http://home.alphalink.com.au/~umbidas/ie_words.htm ... Yiddish came ta mind too; But tha script just didn't look quite right? ... :)

'Course if we woz talkin' tha borin' ole Inglish word "yield", I'd say about 2.4% - Well in Brisvegas anyways; Tho if ya happy ta count capital gain (minus CGT just maybe - like dependin' whether tha joint's held in tha name of a SMSF 'n just exactly wot ya age 'n other circumstances are 'n wot not) ya can add another 3.9% abouts ta that - Just maybe; Like sorta dependin' on quite a bit of other stuff just maybe like ... Well, like in Brisvegas I means anyways ...

Hmmm - Just talkin' about same, wot's ta "yeild" on gold agin?
Edited by herbie, 12 Jan 2017, 07:55 AM.
A Professional Demographer to an amateur demographer: "negative natural increase will never outweigh the positive net migration"
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Khaderbhai
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Wealthy Suburbanite

Chris
11 Jan 2017, 10:48 PM
So you openly admit that the majority of investors buy IP on interest only loans?
I'm saying property investors use the rent paid by their tenants to cover the costs of holding the property.
Edited by Khaderbhai, 12 Jan 2017, 07:53 AM.
Banks can't repossess your home simply because the market value falls. Australia's Consumer Credit Code says consumers aren't liable for things ordinarily outside their control and can't be held to obligations that could only be met by selling their home. Click for details.

"The truth is that there are no good men, or bad men. It is the deeds that have goodness or badness in them. There are good deeds, and bad deeds. Men are just men."
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herbie
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Khaderbhai
12 Jan 2017, 07:53 AM
I'm saying property investors use the rent paid by their tenants to cover the costs of holding the property.
Wif tha costs on holdin' tha property being:

* Council rates
* Water
* Insurance
* R&M
* Oh 'n land tax (if ya've not arranged ya affairs ta avoid it)

If ya've not got debt - Which is me.

But even if ya have got debt (so hafta pay tha bank interest), wif interest rates bein' wot they are, it's become increasingly difficult ta be negatively geared on property ya've bought usin' debt even - Leastways that's wot I'm told ...
Edited by herbie, 12 Jan 2017, 08:09 AM.
A Professional Demographer to an amateur demographer: "negative natural increase will never outweigh the positive net migration"
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