[elliotjlMember@elliotjlJoin Date: 2010Post Count: 12]

March 18, 2010 - 5:20 am

This is true, we just got a 2nd loan with them for a property, using Security in our first property. We got the price brought down on the property via the building inspection and ended up only handing over about $2500 in cash  Happy Hunting!!

[elliotjlMember@elliotjlJoin Date: 2010Post Count: 12]

March 18, 2010 - 12:25 am

This Post is Excellent thanks jontapp. I'd love to see this turned into a sticky. Great info

[elliotjlMember@elliotjlJoin Date: 2010Post Count: 12]

March 17, 2010 - 4:05 am

A friend of mines a carpenter and says you can often get bulk floorboards on ebay relatively cheap too. I am looking at adding a verandah to a property. He said however the amount of timber generally I'd get in one of these deals would be enough for an entire house and about 3 times as much as i want to spend. Good value tho if your looking at a major job

[elliotjlMember@elliotjlJoin Date: 2010Post Count: 12]

March 16, 2010 - 10:38 pm

Speaking to most builders your currently looking at $800 m2 to build or extend. not including price of laying a slab

[elliotjlMember@elliotjlJoin Date: 2010Post Count: 12]

March 16, 2010 - 12:23 am

At the end of the day it comes down to what the property is worth to you and this should reflect your offer, and 'knowing' you can make a good return on your investment

[elliotjlMember@elliotjlJoin Date: 2010Post Count: 12]

March 16, 2010 - 12:07 am

Hi Tomara, I've found magazines like Your Investment Property magazine very helpful with information like. Also my parents lived in Bracken Ridge up until 2-3 years ago and still have there house there as an investment. They purchased it only 2-3 years prior to that. Bracken Ridge has performed well for them. for the last 12 months they have had no out of pocket expenses on this property and are returning a small cash flow from it. However, I can't personally comment on whether this increase will continue.

[elliotjlMember@elliotjlJoin Date: 2010Post Count: 12]

March 15, 2010 - 11:58 pm

On this topic. My wife and I now both own property. She purchased 1 before we got married, lived in it for 12 months and has recently rented it out. Her property was purchased 18 months ago.  And we are settling on a PPOR this week. Does this mean potentially we have access to 2 6 year exceptions from CGT, as the PPOR will be my first property ?

[elliotjlMember@elliotjlJoin Date: 2010Post Count: 12]

March 15, 2010 - 3:25 am

blingbling if the percentage of growth you have listed in your initial comment are an average over say 10 years, then your second property choice would be the wiser option at 12%. However if these growth percentages were only taken over that month or even year, then little faith can be placed in these. With property, you want to look at long term growth. ie 5-10 years instead of 2-12 months due to the speed in which property in relation to other investments can be bought or sold. Simple maths (my new best friend) tells me that your $160k property will be worth $224788 in 3 years and your $80k property in the same amount of time will only be worth $103602. A 64k profit is exponentially better than a 23k profit… if you can afford the 160k property. So in 3 years time that's almost 3 times the amout of equity you have available to use in purchasing more property.

Using a 10% deposit, in 3 years time you'd be able to borrow $640k compared to 230k

[elliotjlMember@elliotjlJoin Date: 2010Post Count: 12]

January 23, 2010 - 12:02 am

Yes to all of the above. Thanks for the assistance I found a property with even more potential and further away from the jail yet closer to shops transport schools, ritzy village centre etc a few hours later. Blank Canvas older home on a good size block with plenty of room to add value which is more what we’re after for now