ps let us know how you go.  It will be handy for other people in the same situation

I use GIO to  insure a unit block that is all on the one title but with each unit separately tenanted.  Surely this is no different.  Give GIO a call Regarding the rental default thing, each insurer will have a different name for it.  Explain clearly you want to insure the building, and any contents that an unfurnished place has to be insured for…[Read more]

ps it does sound like is has everything a renter needs.  without researching the town and the property myself, it sounds like a good property

It's always a good sign if a major supermarket chain is moving to town.  When is Bunnings moving in?What is the demand for rentals in this town?  Is the vacancy rate nice and tight, hovering below 2 percent?  No point buying something if nobody will rent it.  Talk to a few managing agents in town and find out if people are signing onto waiting lis…[Read more]

Since you do not yet have any children, perhaps you could look at just a 2bedroom house ; with 2 decent sized bedrooms and enough space in the backyard to add a room to the house later on.  The 2 children, when they arrive, could share a room for a few years.  By then you'd have some spare cash to add a bedroom.

gettinit wrote:
Hi I know everyone has there own conversations going on in here but does any one have an update for where to find CF+ properties in Oz?That is the heading and after scrolling through 10 pages and that there hasn't been really any suburbs talked about.Any ideas?Cheers

This forum topic has been active for a long time.  The…[Read more]

No need to apologise for sounding dumb… forums are there to help people share ideas and knowledge… and hopefully to help you gather enough knowledge to decide on a vague strategy before you start paying people to help you execute the said strategy

No need to apologise for sounding dumb… forums are there to help people share ideas and knowledge… and hopefully to help you gather enough knowledge to decide on a vague strategy before you start paying people to help you execute the said strategy

Thanks for letting us know desilucky

Yep, in some cases you'd be right. However as an example, my house is in a boring suburb 30km from Melbourne and tripled in value between 2000 and 2010 while smaller dwellings closer to the city merely doubled in value.  Point being it's not just the fancy suburbs that perform.  Definitely a good idea to do your homework There is also the other m…[Read more]

I'm going to throw my 10c worth in here.The thing that goes up in value is the land the dwelling sits on.  The building itself depreciates over time.  So personally I'd be looking to get a solid dwelling on the largest chunk of land that I could comfortably afford.  A friend of mine recently bought her first home… she started mucking about lo…[Read more]

can't see the pictures..

can't see the pictures..

Catalyst wrote:

JacM wrote:
i use AAMI building + contents insurance plus landlord insurance with tenant protection

Why do you get contents insurance? Is it furnished?

No not furnished.  However you do need SOME contents insurance to cover things such as the window coverings (curtains) and carpets.  Believe it or not, they are not c…[Read more]

Maybe it has to do with the fact that if you bid and you actually win the auction, you are stuck with auction terms.  Negotiate later and perhaps you can get longer settlement, right to get a building inspection done and bail out of the purchase if the results of the inspection are bad, etc etc

i use AAMI building + contents insurance plus landlord insurance with tenant protection

Why not get in touch with Moranbah council and ask if there is to be any land releases that would account for this apparent growth spurt.  If you can, get a letter from the town planner that you can forward to the NAB, saying there is to be no such mass land release.

Good on you – doing a heap of reading is key.  This is because everyone has a different opinion and strategy based on what is best FOR THAT PERSON AT THAT TIME IN THEIR LIFE IN THEIR OWN CIRCUMSTANCE.For you, best thing to do is get rid of your debt as fast as you can.  Meanwhile you read more.The debt you should eliminate first should be the o…[Read more]

Hi DellasKnowing for certain where the next hotspot is, is a bit like knowing the tattslotto numbers that will come up this Saturday.  Best to make an educated decision based on known facts.Firstly, look at the rear pages of the Australian Property Investor magazine and take a look at which suburbs offer property you can afford (the median price…[Read more]

Hi DanielBe sure that your trusted source is actually walking the walk and not talking the talk.  In other words, you want to be getting advice from people who are already doing what you hope to do…. and are doing so successfully.