I didn't think you could do that at auction! I always thought you had to have final names before exchange otherwise fees were applicable. As exchange is immediate at auction I didn't think you could do it. How do you do it? You'd have to sign a new set of contracts.Sorry I haven't answered the question. I'm a bit confused. They are buying land…[Read more]

I'd check with the solicitor handling the purchase. You can't just change/add names to a contract (especially when purchased at auction).

jacqui_03 wrote:
Hi Jamie, I lived in Wagga all my life and recently moved to Sydney. I have 2 IPs there and looking for some more. I would be interested in Syd as I want to diversify but as I have only been here for 2 months, I'm very unfamilar with what areas I should invest in.

Hi Jacqui. What's your budget? You can buy a house in Mt…[Read more]

You can only get depreciation once it's an IP. Everything is depreciated, not just the renovated bits.I think you are better getting the depreciation report when you are ready to make it an investment property as you can't claim anything until then. Use           http://www.depreciator.com.au           Send an Email explaining your circumstances.…[Read more]

What are your credentials to be offering this advice? That would determine what it's worth. If you are not qualified and it's just a group of people it should be free or the cost of the bus hire. Or just meet and go in a few cars.Do you have a buyers agency whereby you are selling properties visited? Sounds like Property secrets in Sydney if so.…[Read more]

That's  lot to do yourself. We do that but not the floor sanding. We figure by thew time you hire the machine and take days to do it's more economical to pay someone. I've seen some really botched jobs. It's not as easy as it looks to get a great finish. When deciding whether to pay someone look at how much it will cost to hire the equip and buy…[Read more]

How about everyone go into their account and add their town as a signature. Sure would make things easier when answering questions if you know at least what state people are in. I added mine.

I've seen lots sold on Ebay for close to the value of the card. CRAZY!

Sounds great to me. All the ripping out is done so you have a blank surface to work with. First thing order the kitchen then get the bathroom plumbed and sheeted. The bathroom seems to always hold up finishing (in my experience) as it takes the most time (plumb, resheet, waterproof, tile, install toilet, shower etc. You need to make/get an order…[Read more]

Sorry that sounded a bit harsh (too much bubbly). LOLI found with the few residex reports that I read that with a lot of areas they seemed to predominately look at past performance. So if an area went up by 20% in the last 5 years they predicted a similar growth in the next 5 years. That doesn't cut it with me. It's like the tipped "hotspots".…[Read more]

lpalad wrote:
the crystal ball called http://www.residex.com.au ..Guess what's the CG in  for Manly and Bondi in 5 years into the future? 46% and 22% that's more that enough to put a deposit for another IP.

Why are you stating these things as fact? Just in case you didn't get my sarcasm "THEY DO NOT HAVE A CRYSTAL BALL". Read some other reports. They…[Read more]

lpalad wrote:
BTW, Mt Druitt has CG of -5.32 five years into the future hence you might enjoy a short time growth but since you look for long term, I would avoid this suburb.

ooh ooh!!!   Can I borrow your crystal ball so I know where I SHOULD buy? BTW please name the crystal ball that told you this. Just curious. Don't worry I don't believe…[Read more]

Jamie M wrote:

Catalyst wrote:

goldies wrote:
Bought in Hebersham, 4 bedroom house, single lock up garage and seperate carport also. 580sqm block. Bought it for $235k, spent $6k on a cosmetic upgrade… rents out for $380 a week, got a tenant in day after settlement….

$380 a week is top dollar. How did you manage that?

Wow, $380 p.w is…[Read more]

Hi, I don't know the areas at all but a few questions.When you say Craigieburn is cheap and experiencing growth do you mean growth in price or growth of the area? Is the whole area a new estate? How do the prices compare to surrounding areas? The reason I ask is that there are a few new estates popping up in Sydney which look lovely and seem cheap…[Read more]

goldies wrote:
Bought in Hebersham, 4 bedroom house, single lock up garage and seperate carport also. 580sqm block. Bought it for $235k, spent $6k on a cosmetic upgrade… rents out for $380 a week, got a tenant in day after settlement….

$380 a week is top dollar. How did you manage that?

Terryw wrote:
I wouldn't buy in a country town. There are plenty of cheap houses in Sydney and these would probably have more growth potential in CG and rental increases. Try Campbelltown and Mt Duritt areas – my mate just sold a 3 bedroom house in Whalen, near Mt Duritt for $220,000 – think it was renting for close to $300 pw.

Totally agree. …[Read more]

Wagga Wagga pop now 62,700. Projected for 2027-    77,000. Not an alarming growth.  1% pa.

So is your house worth more than the median? If it's worth $350K that's only a $20K increase so only an extra $16K to borrow which won't go far.You may need to wait a while longer unless it's worth more than the median.

Do you think Nowra will outperform Sydney? Or do you think you have a better chance of buying under market value there? In other words- why Nowra? Same Jamie- why Queanbeyan?I'm still looking in Sydney for 2011.

<Here's one I got off another forum. It didn't format properly but you can set it out yourself. insert full name> <insert address 1> <insert address 2>   Mobile:  Email:                                                      Facsimile Transmission   To:   From:   Company:   B/H P…[Read more]