been looking to buy in redfern for ages, particularly great buckingham st. missed out and have finally bought in surry hills.

still studying redfern and hope to buy something there when the right deal comes along. may even look at a property in the seedier side with hope of CG when the gentrification process kicks in.

do you guys…[Read more]

kids are a little way away btw

looking at 2 properties in paddo atm – one requires a fair bit of work and the other no work – approx $150k between the 2 both in good streets. big call in some ways – eg no work one sounds goods but how do we add value to it, knowing that paddo capital gain will be flattish over the…[Read more]

just thought id bump this to top again and hope for a few more comments

cheers,

julie

i wish my budget stretched to $1.5mill – saw an awesome house not that long ago on forbes st, darlo for that price

really looking at entry level paddo – nice street, sub 150sq mt block, no carpark at sub $1mill pricepoint, possibly less depending on level of renovation required. of course this pricepoint in surry hills will buy a…[Read more]

hoping to hear more from others with experience or thoughts of the area.

between surry/darlo and paddo there must be a minimum of $200k difference for similar houses.

i guess what im really trying trying to determine is whether the extra $200k for paddo is justifiable long term or whether the feel is that…[Read more]

as im looking at a terrace house atm, i appreciate what heritage listings are all about.

having said that, i dont mind the conservative outside facade (thats one of the appeals for me) but internally im a 100% contemporary sort of person and plan to do major works to this place if successful(think dr who ). my other…[Read more]

what are typical outgoing costs and how much will a bank lend for and against a carspace?

also, whats capital gains like on carspots?

as you can see, i know nothing about them but curious?

regards,

julie

never thought we were were eligible for the $7k as hubby bought may ’00 interesting article…[Read more]

julie

firstly, thank for taking the time to answer my question. i have gotten my husband involved in helping me respond

the reason i believe im not eligible for fhog is because we would fail pt 2 of the eligibility criteria – ie, my husband owns an ip purchased pre july 2001. the reason i believe im eligible for the first homeplus is because we…[Read more]

im with you 100% in respect to the “owned and occupied” part but bear in mind this provision relates to the first home plus concessions which relates only to stamp duty concessions. the 7k on the other hand relates to FHOG which does not make the distinction from “owned” vs “owned and occupied”.

for this reason, initially it was my…[Read more]

Hi markymark,

why macquarie CMT? would this be the best option for a smsf too?

julie

julie

this is a great post and i’m very keen to see the responses.

i think my situation is very similar to yours and plan to take a similar course of action.

wealth creation and tax minimisation being my 2 main drivers

good luck

julie

more of the cheque book renovator type myself but found your post most informative. might get a little more involved in future

julie

it is my understanding that the the fhog and First Home Plus (stamp duty concessions) are very independent and eligibility criterias are different.

best to visit office of state revenue website and read up on the 2.

julie

julie

please tell me we are not talking about 12 The Boulevarde? If so, im thinking…[Read more]

regards,

julie

julie

really, whats the harm in picking a server, setting up a channel – eg, #propertyinvesting, and seeing how it goes?

i for one would love to chat with others interested in property online

julie

julie

ive been looking around surry hills and my observations is that the market in the area is still strong.

seeing more private sales (ie, no agent) these days though these houses seem to be the most unrealistically priced.

julie

i am not suggestion that a chat channel should replace the forum but rather compliment…[Read more]

julie

julie

julie

i think this could potentially be a forum in its own right, perhaps with subfolders by state.

as long as all the usual caveats are applied and people dont rely on the info in performing their due diligence, i think this initiative will be a huge hit.

btw pisces, i do…[Read more]

regards,

julie

my crystal balling is in redfern. i suspect that the govt will be under increasing pressure to clean the place up. the fact that they have already moved south sydney council to the TNT building in the heart of all the trouble is their first step in this direction.

i suspect “redfern east” (so great…[Read more]

thanks,

julie

that would keep me about line ball with interest repayments.

julie

would love to put a house purchase on our cards and collect all those pts

julie

if we decide to go ahead with the purchase we will be heavily geared and realying on capital growth to exceed interest repayments

julie

out of curiousity how much are u intending to finance on this purchase? what are the likely repayments going to be?

as for me, i think the next paddo will be redfern and darlinghurst with good growth still left in surry hills. having said that i wouldnt knock back a good opportunity at paddo if one came along and i could afford it

julie

Silly me had a home loan and we were using ING because our loan provider didnt offer an offset facility. Fixed the problem by switching to another loan provider

Julie

we have a diner’s (our preferred card) and a gold visa for places where diner’s is not accepted.

they are a great way to track expenses while picking up pts along the way. the diners is a charge card rather than a credit card, but in either case we have never paid interest on any of…[Read more]

5% interest was good but we had to give half back to the ato. offset made a lot more sense

julie