Hi all,Great posts, We put up 20% plus stamp duty etc on one of ours, Terry and Richard are you saying that this is the wrong way to go about it. Our MB has told us that we pretty much cant borrow 90-100% and has pre approved us on our next loan if we come up with the 20% once again. Am I missing a trick? Sorry Vit to hijack your post but it may…[Read more]

We do! Whatever works for you. Median house price is $1.2Mil where we live and I really don't have that in my pocket, but I have investment properties   I wouldn't sell PPOR if I had it just rent it out and use any equity for deposits.D

Hi, Good posts. That's what we are all here for. Eventual finacial freedom and because we are passionate about property investing. Different people need different IP's for different reasons. Terry and GOM I would love ton know what little gold mines you are sitting on Prosperous new year to all D

Good points Scott, didn't really think of the visiting part!

Hi,Just remember that the PM costs are tax deductible so yeah you pay but you don't really. Questions to ask yourself about PM'ing are * Will you follow up on everything….EVERYTHING?* What is the worst thing that will happen if they don't pay, leave all the furniture and possessions in the house, trash etc?* How much will it cost you in man…[Read more]

Welcome to China where even Google is censored! Go Rudd we could be just like China no free speech, no rights a total police state. Vote him out next election, he will wipe Australia out in the name of "protecting people". Sorry my net is really slow now wonder why?…..D

If the rate rises are so bad, the property market is in free fall (or soon will be) then sell me all your properties. I'll take them all off your hands for this discount of 40 % or in other words the fall in price that is being predicted. It is not 1929…….. DO NOT JUMP!!! Things will get better! I have some tissues!!!Time heals most…[Read more]

Haha Wealth I hope your enjoying a bit of to and fro!  The retirement area is good aging population and all that. Yes we will see how much money we make in 2010. Merry Christmas (I think we will see you back before that how can you resist?)D

Get a broker, Private message QLD007 (Richard Taylor) to get another opinion. But definitely get a broker. Yes westpuke are jerks but at least with a broker you don't have to wade through the garbage. Try setting up on a self-employed income, the documentation is awful. Once you are set up with a good broker it is almost smooth sailing after that.D

Do you think there wouldn't be a whole bunch of investors who would walk in and start buying? Look at the US yes it's crashed but a huge bunch of cashed up Aussies have jumped on a plane to go and pick over the ruins. If interest rates went to 10% would you have to sell your investment properties? I wouldn't. I don't think any one I know would…[Read more]

Yeah have to say had a sigh of relief too! D

Yeah I realised after that it could be taken that way.D

If this is your first property you should probably keep shopping.  There are many people who invest in quest and others and have good returns etc. But…… You are probably looking for a kick start to your property investment. This means trying to get some capital gain as well as an income. If it were me buying I would go back and explore the…[Read more]

No please read the whole post again. The 6k is just for demolition of a small building. There was a shed to be removed? Everything is extra and I really mean that. If you wanted to try and get a planning and building permit on some plans you already had done then maybe closer to 10-15k but underestimating costs is the quickest way to end a…[Read more]

Ouch!D

Hi W4L,I'm not old enough and I will never have enough experience! I am in no doubt of your intelligence. I have just seen a few of your posts and they seem to follow a similar line……..I always see opportunity. What do you make of general opinion (quantified by various market research) that most people are comfortable in their mortgages and…[Read more]

I think you are able to get more for the block with plans as it saves the purchaser anywhere from 6-12mths of mucking around and cash. Also if they are building it may well be for investment and one 3x2x2 townhouse is pretty much going to be the same as another apart from when you come to finish and fittings. The costs for our architect include…[Read more]

I once met some people who bought a house when interest rates were 17%…..It's true! Gee and now we are whinging because they might get above 8%. If they go closer to 10% the media will have a field day, the current day govt will get the arse and the banks will get a stern talking to! (not much else tho)D

Ahh Wealth u are such a doomsayer! D

If you do a quick search you will find a whole thread on this. I personally have 1 so far in a rural town in VIC, I have found some others in NSW that I would be very happy to buy. If you are happy with the return go with it. As far a CG goes, about 10 yrs ago property  was for sale in a tiny, tiny town called Heyfield in Vic for about $24,000.…[Read more]