Found it myself…
http://www.onlineservices.qbcc.qld…./VisualElements/SearchBSALicenseeContent.aspx

QBCC.qld.gov.au..

At some point the banks want you to repay the principal, and this comes into their serviceability calculation. So if you can find, extremely unlikely, or create (more probable) an asset (that the banks will lend against) that returns 10% net+ you should be able to drive your portfolio forward. What will slow you down will be drumming up the 20-30%…[Read more]

Income = 6500.
Expenses =
1856 – rates
1000 – insurance
1200 – repairs
So net income = 2444.

Giving an income of 2444, for 30000 outlay, or 8.14% net.

Not bad. The questions then all relate to
1) vacancy rates (rental demand)
2) tenant hassles (low socio-economic)
3) likelihood of employment in the area increasing….or alternatively retiree…[Read more]

Why are you buying? Do you want / need capital growth? Or are you in a position where it is in fact only the income component you are after and any capital appreciation would be a bonus or irrelevant (as you wont sell regardless).
It doesn’t sound as though you are sure of all of the costs, make sure you have ALL of the info before making a…[Read more]

you may not get the high speed rail, but i seem to recall mention of an airport for Toowoomba. If so then that would certainly help it !

wouldnt hurt to ask for a quote, from termite company. Then ALL can be assured it is 5k and not 8k or what ever. Also be a more transparent bargaining chit (subject to competition notes made previously)

1-bedders have a limited market….that said, this market may well increase as all the baby boomers retire…but 1-bedders will always be at the bottom of the market. A two-bedder is so much more versatile and appeals to a much wider target market.

Other questions
1) Comparative sales (is it over-priced compared to other sales of the same…[Read more]

Play conservatively for a while…
If not already, convert all loans to interest only with an offset account. As much as possible use offset account to save into. Save like mad and sit tight while learning more about property investing. You do not want to be a forced seller !! While you maybe ok at the moment, with interest rates at an all time…[Read more]

Might be a good idea if adding a granny flat….lets you remove it later, say to subdivide etc.

Selling land at the moment is tough (in most places). You should run the numbers on building on your block. The final product will appeal to more, and you can rent it out if need be….assuming there is at least some demand for property where your land is.

Have to talk to a good Commercial real estate lawyer…but
1) you wont make money until you put a tenant in
2) you will pay GST unless a going concern.

So optimally would like to try and sign up subject to being able to find and place a tenant in the property prior to settlement. So that it settles as a going concern.

I'd love to know how to do…[Read more]

Terry,
my understanding is that CBA (and others) will lend to a trust – BUT they no longer accept a servicability gaurantor. Meaning that my income is irrelevant, and only the trusts income is considered.
Hence the question

is that everyone but CBA. Or do you include CBA in this as well ?

I do everything in my power to never pay LMI. So i would use savings – to reduce or avoid. 13k outlay is 13k lost – despite the better leverage. Especially if you have access to the funds now.

If it is an investment then dont get emotionally attached. If you have worked out what you think is fair market value then offer that. If they refuse walk away. There are 1000's of investment oppurtunities at the moment. If it is a home for you to live in then other factors come into play ie emotion.

Fantastic thread idea !! I am on Gold Coast -but would not invest there!! Maybe Perth one day…

If you dont ask the answer is automatically no !! A lot of developers pay 20-30k to there marketing agents when they get a sale….so by all means ask. Nothing ventured nothing gained.

Or even some spots in Logan, or Toowoomba