Reading Time: 3 Minutes What’s up guys! Hope everyone’s having a great week. Up and down kinda week here at TheFrugalSamurai HQ… Up because PapaFrugalSamurai aka my Uncle’s brother has returned back from a 3 month soiree in the Motherland. Down because well, there’s still a few personal issues afoot. But enough about me – for today we are discussing: Land-To-Asset-Ratio I’ve actually only stumbled onto this concept recently and wished I had understood this when I first started my investment journey into real estate. What is it? The most basic explanation is the “land value” component for a property compared to its overall value. For example, if a property…
-
-
The RBA Cut Interest Rates… So What?
Reading Time: 2 Minutes Howdy everyone! All together for another rendition of TheFrugalSamurai? You betcha! Been a headline making week for us Aussies, it’s the first time our central bank (Reserve Bank of Australia) has moved the benchmark cash rate since August 2016. With a cut in the official rate to 1.25%, this marks a historic low for our nation. But what does it all mean? In a nutshell, it means that the country ain’t doing so great, and that the powers-to-be decided they needed to do something to kick-start it. You see, lowering rates should encourage increased investment and spending through cheaper access to borrowing. How? Well, in simple…
-
Up or Down? You decide.
Reading Time: 2 Minutes Sigh. “Don’t wish things were easier, wish you were better”. I know, I know – Jim Rohn quotes are pretty corny sometimes aren’t they? But oh so TRUE. A bit bonkers this week, the parents are away which means that it’s yours truly’s turn to dog-sit for them for a couple of weeks. Not that I mind, look at that little fluff ball: Feels good having her around. I mean, MrsFrugalSamurai is good and all… but she can’t give me licks down “there” y’know? Points to feet. (I know what you thought, wacko). Still, as pleasurable as her feet licking is, there comes a time when…
-
My Magazine Article!
Reading Time: 3 Minutes Hola everyone! How’s it goinnnnng? Brrrrrr, winter is coming for old Sydney town ain’t it? What better to do than rug up warm and catch another rendition of your favourite personal finance and development blogger. Today is a SPECIAL post, because it’s the first time yours truly made it onto a national publication… YAY! Wait, what post and what publication? Well, I’ve been a long-time reader of Your Investment Property Magazine, which is an… investment property magazine… for errr…you. “YIP” and the other publication “Australian Property Investors” were (and still is) two of my favourite past-time reads, both dedicated to property investment. There’s always a thing…
-
Our Latest Buy (Part 4)
Reading Time: 5 Minutes Howdy boys and girls! Me again. Let’s dive straight in and plug on with part 4 of our latest real estate purchase (read Part 1, Part 2 and Part 3 here). Last time I disclosed that we bought Property 3 for a surprising offer of $210,000 against an asking price of $298,000. Let’s take a look at the pros and cons for this one… and you decide whether it’s a good buy or not! Pros So um… where to start? I guess from the beginning! In Part 1, I stated that the property was listed for $298,000, however 1 bedroom units in the same complex were asking…
