Just wondering is paying repayment weekly is better than fortnightly?

Frederique Crossroad

Please give your opinion on Deception Bay.

Wow this video didn't age well. I bought a 3000m2 block in Bellmere, 4klm from the worst parts of Caboolture and built a 300m2 house on it for a total of 580k now valued at 1.1 million, in just 2 1/2 years. Similar thing has happened in Ipswich. You may want to consider a different career, I thought what I bought was the best value for money around and I was right.

Love your work, let's go

Go Nevada !

KNOCK IT DOWN, KNOCK IT DOWN, KNOCK IT DOWN

Its all borrowed money. You don’t really own any property portfolio. The bank does. Your system would not work if property bubble burst. Aussies regs and politicians won’t let a property bubble burst though because you cannot really do anything else except property in this country.

Claud Plains

Investors already got/get:- Historically cheap mortgage rates (last 10 years) Refinance to Interest Only or <5% 10% capital gains tax in super Super concessions Limited Recourse Borrowing High rents Over 65s get all kinds of concessions that <65s don't We don't as a country, need to pay them $175bn in tax concessions. They take enough from our countey as it is via rental market, via Bank lending, via superannuation concessions and generous tax concessions that are a licence to print money. But go look up Negative Gearing or Housing policy (PBO, 2024). Look at those numbers and then remember all of that tax forgone is not going to hospitals or your kids schools. Its going into someone's pension account. Which can have $1.283million in it, plus whatever sized value house and still get a pension. That is why it must be cut back and superannuation reformed. Kids in highschool today are paying for that with their post school lives and the coming generations will face head on into climate events, a housing crisis, job insecurity, wars in our region and many more struggles we never had. It is up to the adults in the room to say, "I have a house, I have enough".

Inala crime rate is higher then Zillmere IMO

Hello Emily ! Nice to see you ! We are Luke clients 😊

Looking forward to it!

Super excited for this mate. Love what you and the family have been able to accomplish!

We will be releasing 6 Episodes (1 Each week) from the 10th October and I'll be answering questions as we premiere each of the videos in the series. Can't wait to share our journey and dream home with you!

Good one , can you please send us a link for a repayment calculator? I am looking for one which lets me calculate with additional payments

The same people complaining about how bad the economy is are the same people who voted labour 🤦🤦‍♀️🤦‍♂️

Legend. I need to get in touch with you. We have a unit in Brisbane that has a fair amount of equity so we’re looking to purchase a second property or sell the unit to buy a stand alone for better cash flow

Wonder how the possibility of intergenerational loans or trans generational loans implied by the Chinese government loans for second homes would mean for Australian housing. Would it possibly delay any negative gearing tax changes. I remember the lack of loans to investors in 😕2016 took two years to collapse the housing market. Also the rush to cryptocurrency in America by 2030 would have to be considered by the recent Chinese government stimulus package and Australia being coupled to the Chinese economy and trade. I would look at inter trans generational loans as the sort of first home grant but prolonged stimulus. I got benefits from the first home grant, made a profit but then was disadvantaged by the second purchase later probably because of the lack of equity and stagnant house price in the location l got. Had to sell the house at a loss, in terms of not getting back what deposit i payed over ten years. The bank took the money over the time that would have been better invested in shares. 😢

The game is rigged to keep the rich rich… first blame and destroy union, they already control media, next step is censorship then keep up with the divide and keep conquering!

I think the RBA and the government are working against each other and it’s become political. The RBA should be a ghost organisation and completely disconnected from the ruling party.

This guy doesn't introduce himself or his skills to give advice

Isn’t that cut just after an election? Just saying. 😂

Total waste of time, water is wet...

How you do with the asbestos removal in the old properties you purchase?

I often wonder how many flippers make losses... While $15 isn't a loss, it is by time invested, it means you paid yourselves about 50cents an hour for all that stress.

Great insights and rationale behind. how about Carindale ? It is close to Cannon Hill and next to Minnippi and Mansfield Parkland

Yes this is what shorts are for !!!😊

What if they won’t allow an inspection?

How is Upper Brookfield on your list but Brookfield is not?

Call 1st rate cut in March 2025 and total of 1% by end of 2025,

The big R is already here - just increased immigration and government spending keeping the numbers up. As for inflation government could cut excise on fuel a major input into all costs but they didnt and they also let the increase go through - twice annually it automatically rises (supposedly subject to the CPI?).

Regarding to latest data the CPI was 2.7 and core inflation is 3.4 The chance of waiting rate cut until May 2025 is possibly less than %1. I would expect for the first rate cut by December 2024 almost certain.

Once the economy growth is almost zero they will cut rates

Are buyers agent fees tax deductible?

Bought in 2022, going to be 100% offset in 2028. Let's gooooo

Nice insights. U were a cash buyer. That is why they picked u probably?

How about Woodridge ?

Here's an idea. Cash in one of your properties and put it into CCX:ASX, backed by Australia's most successful retailer Brett Blundy. A big turnaround story. Forget about rates, maintenance costs, agent fees and stamp duty, you'll have none of that with stocks!!

We’re in the same quandary but we think if subdivision is allowed for our property then we would do it under a family trust and maximise the value. We would then build a house eventually rather than sell.

Build a house

Thank u Luck. Into the point ❤

Luck I am sorry that u experience some autoimmunity disease. I know they are very common nowadays. I would recommend to try firstly a diet, for instance keto. Try to cut off sugars and carbs and live on meat/fish and veg, nuts, good oils like olive oil. No fast food,no pizza,chips,burgers, crisps ect. No squeezed juices, only whole fruit. As a pudding whipped cream with fruits. Chocolate only dark 70% Coco or more. Try that and it might help u. Thank u for sharing your journey. As always appreciate your valuable content. Have learned a lot❤

Hi Luke great video, I thought your broker was Baxter, did he let you down or why the switch?

Spending your 20s with a beloved wife, raising kids, and building wealth- is awesome!! Never call it wasted!

A subdivision is better if you plan on selling at some point or using the equity to buy more property. Owner-occupiers typically don't pay much more for a granny flat out the back and don't necessarily want close neighbours, so they aren't willing to pay the premium for the granny flat near sale time. So from an equity perspective the subdivision is better. However, if you want to hold this property forever, a granny flat might be better for increased cash flow at a much lower cost and less stress from tougher building codes for new houses compared to granny flats. For me the subdivision is the winner, but I can see that in some unique circumstances one might prefer the granny flat. Question: If you build a granny flat that meets the minimum requirements of a new home, can you subdivide later without demolishing? If yes this might be an option for someone who wants the cashflow now, but doesn't have the money for a new build package.

what the %$·%&"· with the prices in Australia??!!

Thanks for the content Luke. Hoping to look at investing later this year, my mum's will is going through probate.

Hi Luke! Did you get cancer while demolishing old houses with asbestos during rennovations?