The short fall comes from your wage. How do you afford to pay the short fall – this is the hard part. I would put the ability to pay all the loans down to time. As time goes by the first property increases in value and the rent will increase. If the rent increases as the value of the property grows you can pay more off the loan without your wage…[Read more]

"Problem 1. So now I am at the stage that my lovely husband has back down and said he doesn't want to commit to anything"Men work on logic so you need to ask what are the reasons he doesn't want to commit and then come up with logical reasons why it would be worth while taking a risk for future rewards.  "Problem 2. Worried about putting in a…[Read more]

Easy http://www.realestate.com.auSelect NSW all suburbs Select From $0Select to       $50,000click on searchthen change sort from default to price. here as some examp…[Read more]

unmesterThe rents didn't rise a large amount because the government of the time reversed their negative gearing policy decision as the rental rise and property value fall was beginning to affect their primary voters – Working class Australians rather than the intended victim being wealthy  landlords. I think a time limit on how long you can n…[Read more]

Don't give up ! If you have trouble getting finance you may have to resort to a non conforming home loan that allows bad credit record holders to borrow money at a dearer interest rate until you can earn a cleaner credit record.You may find a mortgage broker could be helpful that has access to non conforming lenders

it is a good place to live . I used to live in Timboon . Left 2 years ago for Melbourne.

A gas powered power station was planned and had been mentioned in the news to be built in Mortlake Victoria but it got shelved. So I would keep in the back of your thoughts whether it is a definite event.

I had a similar tenant but they approached the real estate property manager with a payment plan that was written out. The payments were not regular with one month stated as no payment and the next month a double payment. I accepted that the tenants were not getting a regular wage and accepted the written payment plan and the tenants stuck to it…[Read more]

One thing to think about is your travel time. Do you live in Melbourne and have to travel to Camperdown each weekend to do work on the property. Is it just a few simply touch ups that are needed like maybe paint, carpet, ect it sounds like a reasonable proposition.There is employment also at Colac which is 20 minutes drive up the road from memory.…[Read more]

You may need to pay stamp duty, mortgage insurance and legal fees. This varies from each state. As well as a deposit as the lenders are being more wary with lending money without a deposit.Do a google search on Stamp Duty {insert State you intend buying in} eg search term >>>> stamp duty victoriato get an idea of what you will be taxed by your…[Read more]

It really comes down to what is in demand in the area at the end of the day.

SandyHope this view may give you some idea of what to consider.Houses cost more to buy than a unit. Units.If you were trying to get your foot into the property market a unit  might be the only thing you can afford. Body Corporate to deal with . This may restrict what you can do as far as renovation and also body corp fees and common area repairs…[Read more]

An investment loan is a different animal to a residental ppor loan. A bank will take into account the rental income you will receive from having an investment property so you can afford the loan much easier than someone with a PPOR that brings in zero income and the home owner is spending a large part of their income on paying the loan off.THis is…[Read more]

Property seeker you might find these posts below useful as…[Read more]

I know someone who had an easement at the back of their property and swapped this easement for the land on the side of their property so they could sub divide the back part of the property. It was a corner block thou. I think they contacted the water company and worked out a deal.

I had a house abandoned and then I had some uninvited visitors who kicked the front door in, so I went to the trouble of installing a 3 points of  locking security door rather than a cheap security door. I wasn't sure if the tenant that abandoned the property should have been liable for the clean up and repairs but I fired the property manager 12…[Read more]

if it is a new building you can claim building write off depreciation but it increases capital gain over time as cost base is decreased by depreciation. I think the figure is 2.5% each year . A quantity surveyor would be helpful in organising a depreciation schedule for your accountant.

Commercial Property has more return on investment but the reason is because of the higher risk. If you lose a tenant it can take some time to get another tenant and if the commercial property had a specific business you may need to find a similar business tenant. I do not invest in commercial or industrial. API magazine article had that commercial…[Read more]

Sharing the other costs like electricity, water, gas, phone bill, food is where arguments may arise as to having another partner over. You have to also take account use of common areas like lounge room , kitchen , bathroom, ectsee for some more ideas to your problem http://ohmyapt.apartmentratings.com/splitting-rent.html…[Read more]

What you are probably after is a partnership…[Read more]