Hi Ian,

First of all I would steer very clear from house and land packages in Logan

I’d go further than Simon, and say “steer clear of all house/land packages”. Typically they are a “solution” property. The developers have created a house for a family – and the family pays well for that privilege. Over time, the house may value up – but that…[Read more]

Hi Ian,

First of all I would steer very clear from house and land packages in Logan

I’d go further than Simon, and say “steer clear of all house/land packages”. Typically they are a “solution” property. The developers have created a house for a family – and the family pays well for that privilege. Over time, the house may value up – but that…[Read more]

I did not realize that the banks will try get you to cross-collat and how mortgage brokers will help drag me away from it.

Seemed to me to be their default position – even though I had told them “No cross-coll”, the initial bunch of paperwork would be crossed, until I said “Nup!” and then they would re-do it the way I wanted it. Sneaky bunch…[Read more]

Hi Investor,
I agree totally with Richard – when I was investing, my Broker was one of the most important members of my team. It is all of those “little details” that my Broker knew, and I didn’t, that kept me out of trouble. Like what Richard said – don’t go getting too many hits on your Credit file. Decide on the BEST lender at that time…[Read more]

Hi Steven,
The most common answer to many questions re investing is “It depends!” :p

I spend 50K to do a complete make over of that property,

There are a hundred questions around that – depending on just what was spent on what, (as CIC mentioned in the last post) some may be immediately claimable (in that Fiscal Year) while the larger part…[Read more]

Re Morayfield OTP – here is a example why I wouldn’t be touching any OTP sales in a pink fit. It took me less than 5 minutes to find a 4/2/2 house, newish, with photos showing a really nice interior. It also happens to be on a 700m2 block, not 450m2 – and it is land that increases in value, while houses deteriorate (i.e. better Growth).

The…[Read more]

Re Morayfield OTP – here is a example why I wouldn’t be touching any OTP sales in a pink fit. It took me less than 5 minutes to find a 4/2/2 house, newish, with photos showing a really nice interior. It also happens to be on a 700m2 block, not 450m2 – and it is land that increases in value, while houses deteriorate.

The OTP would be $480k -…[Read more]

Hi Steven,

Now if your question is which strategy is the best for me to reach that goal? I currently don’t have an answer because I am still fairly new to this and thus do not have the experience to determine the best.

And right there, is where I put a whole raft of quetions to you – I was endeavouring to guide you to arrive at your goal. I…[Read more]

Hi Steven,

Now if your question is which strategy is the best for me to reach that goal? I currently don’t have an answer because I am still fairly new to this and thus do not have the experience to determine the best.

And right there, is where I put a whole raft of quetions to you – I was endeavouring to guide you to arrive at your goal. I…[Read more]

Hi Steven,
Good morning! Yes, you make some good points above. And already I am detecting that you are beginning to appreciate that property investing is a way more complex undertaking than you might have thought. You have put some good thought into your comments, and I applaud that – shows you are thinking about it all. Conversely, I…[Read more]

Hi Steven,

Old properties would require a lot of reno work, but new properties generally speaking are sold at premium price, so I kind of feel like I am stuck in a go-no situation.

Let’s look at that sentence of yours :-
“Old properties would require a lot of reno work….” Often true
“new properties generally speaking are sold at premium…[Read more]

Hi Steven,

part of the reason why we bought it is also due to we want our kid to attend that school when the time comes and we live quite a distance away from that zone.

Fair enough – suffice to say there were other (non-financial) reasons to purchase the unit, and maybe those same reasons will have you keep that one. Your call in the end.…[Read more]

Hi again, Steven,

I recall too that Steve wrote an article recently where he suggests we check the demographics of an area – that is one very important Article as it talks of how a largely Owner Occupied area has a far more stable price for properties than an area that is heavily owned by investors.

There is a wealth of other…[Read more]

Hi Steven,

As for my strategy, I bought my first investment property in Victoria, but I think it is not a very good buy, as it is both negatively geared and it didn’t seem to grow in terms of capital value. So it was a crappy buy on my part.

My first reaction to that was “Did you buy a House & Land package with that one?” Your comments c…[Read more]

Hi Steven,
I can’t help you with any comments re Morayfield, but what I wanted to share was to suggest you look at things from a different angle. It starts with measuring yourself re your skills, risk tolerance, knowledge, and financial capacity. Find out what your borrowing limits are early on – no use researching an area that you flat can’t…[Read more]

Hi Steven,
That data is too old to be useful.

It also shows the area has a population of some 2300+ as of year 2011 …… and median age 54 as of year 2011……

In 2011, Park Ridge was an older suburb with mainly acreage blocks and old houses on it. Around that time the developers starting buying up the acreage properties, and many “oldies”…[Read more]

Hi Investor,

To achieve that don’t you need your properties paid off?

No need for that at all. If you meet your current obligations to the lender, then any remainder is yours to do with as you see fit – and that COULD be used to pay down debt, or take a world trip.

Re HOW it can be done, I would think Nathan’s videos should give some c…[Read more]

It is the old “supply and demand” curve, Investor. And that relates to everything, not just property. An over-supply leads to a drop in prices, and an under-supply leads to higher prices.

Do you recall Cyclone Yasi that took out huge swathes of banana plantations some years ago (2011?). Because of the disruption to what is a major part of…[Read more]

It is the old “supply and demand” curve, Investor. And that relates to everything, not just property.

Do you recall Cyclone Yasi that took out huge swathes of banana plantations some years ago (2011?). Because of the disruption to what is a major part of Australia’s banana growing area, the price of bananas got (at one point) to around $12 a…[Read more]

Hi Cameron,
I have never done a Commercial deal either, but a seminar I atteneded a few weeks ago certainly piqued my interest. In essence, the presenter was describing how she was buying small Commercial spaces (e.g. coffee bar, or restaurant sizes) and getting enormous returns. I heard that she was pulling like 9% return, with the tenant…[Read more]