by the way, stock market’s gained about 20% in last year, 20% of $420,000 is $84,000, so your comment:
“if you bought shares in just 1 year you’d be up $162K” is also unfounded.

hb..I believe in diversification of assets. I am fully aware of the performance of the stock market since 2003, I already have a share portfolio, although I wish it had been bigger. However, this is a PROPERTY forum. When I want to chat shares, I go to the Comsec chat room.
Anyway, let me explain why I said what I said. I have 3 IPs, 2 I own…[Read more]

Just read the paper and Melb has supposedly had a 5.6% increase in the median price of property for the December quarter. Suburbs where I have my IPs have supposedly outperformed this with around 7% increases. I was rather sceptical of the figures, but when I consider that the owner of the 2 new townhouses built next door to my townhouse in…[Read more]

Is that $6500 or $650?!? Either one sounds absurd to me. My last IP cost $420,000 (not that the property value should have any bearing on conveyancing cost) and I paid my conveyancer about $300 from memory. I’ve never used a solicitor for buying or selling property. Never had a problem. My agent has put together my section 32s and my conveyancer…[Read more]

Thanks again AP

Thank you very much Alistair.

Thanks for clearing that up shake.