8 January 2009

So tell us about you... property ownership

| johnboy
Join the conversation
31

A quick poll for you to tell us more about yourself.

You guys seem to love these things.

Real property

View Results

Loading ... Loading ...

Join the conversation

31
All Comments
  • All Comments
  • Website Comments
LatestOldest

Sounds like client profiling to me. 🙂

VYBerlinaV8_the_one_they_all_copy11:21 am 09 Jan 09

If you want to buy in England you’ll need to manage currency risk, or any gains you make could get lost in translation (or magnified, if you’re really, really lucky)

Poptop I’ll be back in Canberra within three weeks so I won’t be buying in London. Thumper you should try the home counties. You can buy a two up two down in some backwater up North for next to nothing but you wouldn’t want to.

Holden Caulfield8:43 am 09 Jan 09

One house, one investment (in Gungahlin). The investment will be up for sale in a month or two, so if you want to grab a bargain, now is the time to buy…

House prices are in freefall in the UK, farnarkler; buy one there in the next 6 months or so. Sadly this does not generally apply to London.

Buy a house not a flat {there is an oversupply of higher density stuff) and as always location, location, location.

farnarkler said :

Oh well I didn’t and you know what they say about spilt milk.

Don’t try to vacuum it up?

I should have begged, borrowed and stolen to get the deposit on a house before I left for the UK in 98. I would own a (1998 price) £120 house outright by now.

Oh well I didn’t and you know what they say about spilt milk.

Approximately 75% of private rental properties operate at a “loss” according to the tax office stats on negative gearing. Owners run it that way to reduce their tax liability and, up until recently, have regarded renting the property as a necessary but unfortunate adjunct to owning a property pending cleaning up on the capital gain.

Up until fairly recently, rental price increases were actually masking much of the impact of housing costs on inflation, as per the CPI. This is no longer the case, but there is still some catching up to do.

Be sarcastic as you like, just don’t expect the housing market to be logical under our current regulatory and taxation systems.

poptop – surely the maintenance costs on the place you’re renting that you think you’re saving are pretty much built into the rent you’re paying. well they are into the rent i charge on my investment place. so you’re still helping pay off someone else’s mortgage instead of your own? am i missing something – not being sarcastic – maybe i am?

All Classifieds are still sponsors.

If you don’t like the ads then feel free to drop us 100k for expenses and we’ll run without them.

Otherwise, well, we’ve all got to eat.

My point was that our general demographic gathering is unrelated to any particular advertiser.

And they are our most popular poll topics.

johnboy said :

Maybe if we were still courting them…

Oh! cool. Sorry! Much prefer seeing useful stuff like Air New Zealand ads I must say!

Can we send in videos of all our possessions next?

My investment strategy is extremely complex and ineffable.

Maybe if we were still courting them…

“You guys seem to love these things”

Bit disingenuous, Riotact, when allhomes is one of your sponsors …

Loose Brown2 said :

What if you own your own house but it’s a Second Life property?

Can you get the first home buyers grant for that?

Loose Brown24:43 pm 08 Jan 09

What if you own your own house but it’s a Second Life property?

VYBerlinaV8_the_one_they_all_copy4:40 pm 08 Jan 09

Own my own home (well, paying it off!), and have 2 semi commercial investment properties and 2 residential investment properties.

Looking for another bargain later this year…

Negative gearing of the investment properties and no maintenance costs on th rental.

tylersmayhem4:12 pm 08 Jan 09

I rent in Canberra, and also own 2 investment properties here as well

Can someone explain the benefits in doing this to me? Please!

I rent in Canberra, and also own 2 investment properties here as well

I don’t have all day to splinter my data by creating micro-categories for every possible eventuallity in a web-poll.

But I do credit you mob with the wit and imagination to choose the closest option to your own situation.

neanderthalsis3:22 pm 08 Jan 09

Hmmmm, same as Fiona, I’ve got an investment property in QLD but rent in the ACT. I just don’t fit into JBs preconceived notions of property ownership 😛

go for teh third option fiona. you own two houses.

tylersmayhem3:19 pm 08 Jan 09

What if you own an investment property or two but are still renting in Canberra because that works out better for you?

How does this work out better Fiona – I am interested.

Ok, cool, I have voted!

: )

What if you own an investment property or two but are still renting in Canberra because that works out better for you?

go for the many properties option if that is the case granny.

What if you have more than one but less than many? – then you have a couple.

*boom* *tish*

What if you have more than one but less than many?

tylersmayhem2:46 pm 08 Jan 09

Yep – that’s the same for us LisaG!

And by ‘I own my own house’ I really mean ‘the bank owns it but hopefully sometime in the next 30 years it will actually belong to me’

Daily Digest

Want the best Canberra news delivered daily? Every day we package the most popular Riotact stories and send them straight to your inbox. Sign-up now for trusted local news that will never be behind a paywall.

By submitting your email address you are agreeing to Region Group's terms and conditions and privacy policy.