In Melton's defence, it has been flagged as one of the "future" cities of Melbourne.  In other words, it has been recognised that it is not sustainable for everyone to commute to and work in Melbourne cbd every day.  While Melton isn't near anything amazing in terms of natural stuff (eg ocean), it is in a very interesting spot.  30mins to Ba…[Read more]

Be sure to put a sunset clause on your offer.  I'm partial to saying "This offer expires 5pm today" as it doesn't give the agent much time to show others through the property to compete with me.  In your case, be very sure you have a clause like this that expires soon, and that definitely expires prior to auction.  For eg, you don't want to say…[Read more]

I used Aussie homeloans once, and will absolutely never do so again.  After the property purchase contract was all signed, the broker sat on the paperwork for a whole three days before submitting it to the bank.  This was three days out of the allowable purchasing contract period.  That is a lot, in my opinion.  He only called me back afte…[Read more]

If you consider that your property is leased as a rooming house or boarding house, this thread answers your question:https://www.propertyinvesting.com/forums/property-investing/help-needed/4333713?highlight=boarding%2Chouse%2Cinsurance

will do. thanks Terry

Advertisement or otherwise, this is the solution. I think these accountants are about to become my brand new best friends.  Love it love it love it.

I would imagine the "easiest" method is to buy land, and then hire a mainstream builder such as Pioneer or Metricon, to build a home on it.  You'd really need to do your numbers though, because if your plan is to sell on completion for a profit, then you want to ensure there is a profit.  Don't forget to factor in "blowout costs", solicitors f…[Read more]

May I ask what size the land is, and if there is any spare space in the backyard?  And how close is the property to one of the major arterials such as Old Windsor Road?  Much of that area is now zoned to allow much denser housing (ie units/flats).  If you are able to purchase a house on a nice chunk of land, it could get mighty interesting a fe…[Read more]

Hi WenderSometimes high rental return properties are low capital growth.  In the long run, low capital growth is very costly for a few measly bucks a week in rent.  If you can afford to buy into an area that's within daily commuting distance of one of the big cities (ie Melb, Sydney, Brisbane etc), it'd be a good idea.  Secondary to that there ar…[Read more]

Scott you are a champion.  Thankyou for your reply!  One of the quotes I got was pretty much bang on $3k.  Another was $900.  Led me to ask the chap if he understood he needed to excavate the site and dowel bar as per the council stipulation.  He sounded confused.  I think I'll stick with the chap that quoted $3k and who I've used for other concr…[Read more]

May I ask: does the bank have a beef with loaning you money in general, or do they have a beef with the macadamia farm idea?  If it is the latter, then why do you want to buy a macadamia farm?  Borrowing against your home to buy residential investment properties might be looked on more favourably?

Linar your first post was hilarious, and 100% what I was thinking also!  Good to hear treborsuj is not actually trying to borrow 3mill

Did you know that you can get the first home owner grant but are not required to remain residing in the property forever? I believe the ruling is something like "you have to live in it for 6months at some stage during the first 12 months of ownership".  Check up on this, been a while since I looked into it.  Point is, you could get the grant, l…[Read more]

It's not insaneFirstly you would want to call the First Home Owner Grant people and ask how this would work (ie if each couple was claiming the grant).  You would also need separate solicitors and lock tight agreements.You would also need to have extensive discussions with the council to understand what the minimum resulting block sizes would…[Read more]

No it doesn't matter where you live.  However keep in mind that if you live far away from your IP, you will be very reliant on your property manager.  For instance if something breaks, you may not be able to justify an interstate trip to take a look yourself and decide on the best resolution.  Could end up costing you a wee bit more.  However, far…[Read more]

Hi Wender,There are free seminars on this; http://moneytree.com.au/view/seminar-property-through-super?seminarId=1I'd suggest speaking to a bunch of providers that have knowledge in this area, as well as people who have done this with their super, before committing to anything.   Also have a chat to a couple of banks about how they lend to SMSFs f…[Read more]

Thanks Terry!

HiHere is another acronym… SMSF (self managed super fund). You can open your own super fund, transfer your existing super into it, and use it to buy property

I'm in the process of reading some publications by Michael Yardney, who is a huge advocator of trusts.  I'd be really interested in his thoughts on the matter if he's about (ie the logic in my comment in my previous post).

I'd be immediately taking photos of this dodginess, and then establishing what to do.  Try and get identifying features in the background of the pics (eg if the neighbouring property is in the background, it is reasonable to accept that the photo is indeed of your property and not some random building site somewhere).