Hi Justin,
I’m sure I have heard of such things happening. Of course, it will all come down to “the numbers”, and these will emerge based on the location, the Council, and the builder themselves.

Hopefully someone who has done (or is doing) deals like this can step in to give you better direction, but good one for asking anyway.

Benny

Hi Tiger,
The main thing you are seeing is how there are two major “parts” of any Finance Deal. One is LVR the other is DSR. And either one can limit you.

Richard, or other Mortgage Brokers on here, can take you chapter and verse through the complexities of all this.

Right up, I’d say you are in GOOD shape with $600k of equity. Yes,…[Read more]

Hi Wadez,

Thanks for the idea…. Do you have an idea that such a decline is likely?

Hi Wadez,

1. Click on “Forum” at top of page (between Home and News)
2 This shows a forum Index – choose which forum you want to start a thread in (click on the forum you want)
3. Now that you are in one forum, at top left a “New Topic” button appears – click that, then follow the bouncing ball,

Benny

Hi Tony,
In case you haven’t stumbled over this trhead, do check it out :-

https://www.propertyinvesting.com/topic/4410491-the-big-picture-for-new-readers-especially/

There are a number of thoughts in there that can be useful to new readers.

Benny

Hi Daniel,
Click on the “Forum” Tab at top right of most pages. Once in the Forum listings, you will see a Search box – type in “Gladstone”, click the “Magnifying Glass” button, and you will find several threads discussing Gladstone.

The first in the group (apart from your own reference in this thread) was this link…[Read more]

Hi Daniel,
Click on the “Forum” Tab at top right of most pages. Once in the Forum listings, you will see a Search box – type in “Gladstone”, click Submit, and you will find several threads discussing Gladstone.

The first in the group (apart from your own reference in this thread) was this link…[Read more]

Hi Suri,
What Jacqui has suggested makes a lot of sense, and reminds me of a story Steve tells in relation to his mantra of making money. His aim when investing is to :-
make the most money
in the least time
with the lowest aggravation
and the least risk

Balancing those out on a particular deal he had, led him to do exactly what…[Read more]

Hi Suri,
What Jacqui has suggested makes a lot of sense, and reminds me of a story Steve tells in relation to his mantra of making money. His aim when investing is to :-
make the most money
in the least time
with the lowest aggravation
and the least risk

Balancing those out on a particular deal he had, led him to do exactly what…[Read more]

Hi Suri,
What Jacqui has suggested makes a lot of sense, and reminds me of a story Steve tells in relation to his mantra of making money. His aim when investing is to :-
make the most money
in the least time
with the lowest aggravation
and the least risk

Balancing those out on a particular deal he had, led him to do exactly what…[Read more]

Hi Dtrain,

Does it have ceiling insulation? I would think this would have a marked effect on warmth, more so than external walls. If ceiling insulation is old, a “top-up” could be all that’s needed.

I can’t see any quick/easy way around the walls – unless you wanted to use the foam to fill the cavities (means drilling holes internally to…[Read more]

Hi Audsco,
Also because others haven’t yet responded, I wanted to pass on what I believe could be useful. I don’t know, as I don’t spend much time at auctions, nor have I purchased a place that way……

I recall a story written by an investing “player” who wanted to snap up a property – he formed his view of value with a walk-thru on the…[Read more]