OK… no responses..
Well since I started the thread, I think its appropriate I give my answer.
I purchased 850,000 a few weeks ago (borrowed 500,000). It was residential and is now rented at $1,050 per week.

BMW 330Ci INDIVIDUAL

The Dirt is worth (government evaluates) it around $420,000
If however, there was no house on the hill (its basically situated on top of a hill!) and the land went for auction (to find market value)
it would easily hit $600,000+

The potential income as i mentioned ($1,600) is playing it safe.
As the property WAS last leased out for $2,000 per…[Read more]

I rarely give them a price range at all.
I tell them, it doesnt depend on my piggy bank, but the the property itself. If the property is good and I like it, I will give u an offer for that particular property.
Every single property has their own set of qaulities and niche potential.

You borrowed $300,000 at 1.5%?

I was informed that any income from the super fund will be taxed at a flat rate of 15%. You can then transfer it to yourself.

I am fairly new on this forum, but i am glad to see someone from Canberra too .

Well my view of the whole scenario is kind of skewed. There are many crucial factors that everyone is hoping to have answers to sometime within the next few months.

You may notice that buyers and sellers are weary of the market. their not sure whether it will stay…[Read more]

Wow, thanks for the quick response! (esspecially at this time of night)
well, as long as Australian and Moroccan Diplomatic relations are normal (if we dont decide to invade them within the enxt few years or so… hehehe) they of course would be happy to stay their indefinatly, as not only will that be the Chancellors Residence, but also their…[Read more]