We use Suncorp for houses and contents. Give very good prices compared to what CBA offered me – about 20% cheaper.

You will still need contents cover as tenants only cover their posessions I would say, so if you have anything in the house like whitegoods etc may pay to cover it.

Poltergeist we also seem close – I am at Newington. Guess I should close the blinds at night now []

Have sent the Poltergeist an updated pic after my makeover from Polar Bear to Anubis

Welcome aboard! I’d be careful about posting too many details regarding exact locations as you may find your deal taken by the time you get back to contacting the agent.

I’d look at size of the town, industry, prospects for the future, number of renters etc and if it still stacked up, then go for it.

A.

I agree Leigh. There have been many, many posts edited for offering deals/advertising and this policy was understood by all. Has there been a change in policy or do we have selective enforcement of the rules now?

A.

With the deals your investors are getting it doesn’t leave a whole lot of cream for you. Could you not offer them a 10 or 15% return on their money – much better for you – even 20% is better than giving away around half your potential profit for less than a third of your required funds.

Have you had a look into demand for units in Perth,…[Read more]

Hope she was licenced to give financial advice!!!! Having worked for a bank in the past we could never recommend a particular share (including our own) or there would be all sorts of trouble. []

until I don’t enjoy it anymore irrespective of money

Do you mean for a country other than Australia?

My understanding is you can include super as an asset on your balance sheet for finance application but you cannot use it for a deposit.

If we are talking self managed super funds then my understanding is you have to meet certain tests to make any investments and cannot borrow to invest.

To buy in Tas is like buying anywhere else – you need to do some homework regarding where you want to buy generally (Hobart/Launceston/Devonport) and find a good deal in a good area.

You really have to know the suburbs as there isn’t a lot of middle ground, and there are some area to avoid like the plague.

Invest in a holiday to check the state…[Read more]

Isn’t weet bix owned by sanitarium? If so, that would be american owned also.

Bloody poms own Bundy rum.

Americans own Arnotts bickies.

We seem to own diddly squat

ooh ooh what about airplane jelly?

Depends on where you build but budget for around $800-$1k per square mtr for the house. Can’t help with other costs sorry.

Win-win seems to be trotted out constantly, but I think one side tends to win more than the other.

I just find wraps too open to abuse for my liking. THe only way I would ever do one would be to help out family (and I wouldn’t be charging them a higher purchase price or interest rate).

Hi Steve,

As residential property is extensively covered in books how about a slight deviation into development, or buying land then building and selling/keeping but on a small scale.

This is an area I have found lacks quality information.

My first few purchases with friends tied us up greatly. Three of us purchased together, but as previously mentioned when it came to looking for more funds the banks treated us as though each of us had borrowed the total amount individually, and not as one third each.

Polar is Anubis as another polar bear registered. As Anubis is the Egyptian god of the Underworld I felt it suited me rather well, particularly when I am not in a nice mood.[}]

GuRu makes me look not so harsh [][]

Fransam – you may have seen that Melb apartment prices have been dropping between 5 & 20% particularly the Docklands precinct, which I imagine is fairly near to where this studio would be. This would be hard to offload at present – even harder on a postive cashflow forum.

Sorry if I seemed harsh but it’s a…[Read more]

Apartment – Strike 1
in Melbourne CBD – Strike 2,
a studio – Strike 3

Sorry not a snowflake’s chance in hell[]

GuRu,

I agree about being a smart investor but it’s more about forceful personalties than property investing these days.

The forum has turned quiet again. There were quite a few slanging matches going on. The Holy Wrap Crusaders turned on a few people for not agreeing that Wraps will save the world, cure cancer, colonise other planets, deliver world peace & harsher penalties for parole violators.

Some of these people have now left, while others seem to be posting…[Read more]