[JamesParnwellMember@jamesparnwellJoin Date: 2012Post Count: 16]

November 26, 2012 - 4:25 am

I'd be happy to put you in contact with an Investment Property Coach I sometimes deal with. Sometimes you need specific advice for your precise situation!

[JamesParnwellMember@jamesparnwellJoin Date: 2012Post Count: 16]

November 26, 2012 - 4:21 am

I have clients all over the place, one was even in Qatar! Most of the paperwork can be pushed around via email and meetings can be held on the phone or skype. It's the way things work these days!

[JamesParnwellMember@jamesparnwellJoin Date: 2012Post Count: 16]

November 26, 2012 - 4:19 am

I'm increasingly seeing people opt to rent and invest rather than buy a home to live in. The dollars just stack up better. However, I have noticed a trend to towards people purchasing a brand new home to live in as their first house and getting both the FHOG and new Home Benefits about $20k in NSW. Then they move out after the compulsory 6 months and rent whilst using the extra funds to pay down the mortgage more quickly. This enables them to get into their second investment property more quickly.

The traditional mindset get thrown out the window pretty quickly when people realise they will have more money in their pocket!

[JamesParnwellMember@jamesparnwellJoin Date: 2012Post Count: 16]

October 30, 2012 - 3:05 am

This looks pretty straight forward, I often take deals like this to Suncorp!

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October 23, 2012 - 5:15 am

Hi Coota,

I am a mortgage broker and i've found that a lot of people are buying investment properties and renting first these days. It can often work out that the rent received, tax deductions and savings when comparing rent your PPOR compared to paying repayments on a loan make renting and investing better. In fact, I have seen people pass up on the FHOG altogether when they have crunched the numbers.

It's not the right strategy for everyone but certainly worth some thought. I wrote an article on this topic on my blog if you're interested. http://investmentproperty-howto.com.au/5-reasons-buy-investment-property-buying-home/

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October 4, 2012 - 5:25 am

Hey Geeta9,

I'm a mortgage broker and i've had several clients have a fair bit of success in Jordan Springs, a new development near Penrith. They are all cash flow positive. Here are their case studies if you are interested?

http://investmentproperty-howto.com.au/jordan-springs-case-studies/

Here is a market overview as well!

http://investmentproperty-howto.com.au/jordan-springs-market-overview/

[JamesParnwellMember@jamesparnwellJoin Date: 2012Post Count: 16]

October 4, 2012 - 5:19 am

Hey Patch,

I wrote an article on buying your investment property before your own home. It is certainly an option worth considering. I work as a broker and I'm finding more and more people investing in property and renting for their place of residence. Here is a link to the article… http://investmentproperty-howto.com.au/5-reasons-buy-investment-property-buying-home/

With regard to units vs. houses, there is definitely two camps on this one. It's a bit like Holden vs Ford. There are pros and cons of both! The truth may be that a good portfolio has both!

[JamesParnwellMember@jamesparnwellJoin Date: 2012Post Count: 16]

October 4, 2012 - 5:09 am

I'm a broker and have dealt with good and bad property investment advisors. The warning signs are whether they are pushy or not! Most of them get paid commission for selling you a property, however the good and ethical advisors know that helping you make money through investment is the best way for them to have an ongoing relationship with you and help you get into multiple properties. This is the best way for them to build their own business. It's win-win.

It might sound illogical, but I would trust your gut on this one. If you find an advisor that just doesn't "feel" right, walk away. Some of these people have made my skin crawl, like a used car salesmen. There are plenty of them around. You need someone that is genuinely helping you. I have a contact that is outstanding at helping people get started in investment properties. Send me a private message if you are interested and I can give you his details.

[JamesParnwellMember@jamesparnwellJoin Date: 2012Post Count: 16]

October 2, 2012 - 1:23 am

Hi,

$300,000 is the very bottom of the market. I live in the Hawkesbury area, NW Sydney. You won't find many properties at this price in the Hawkesbury region. Penrith and its surrounding suburbs may present you with some opportunities? Try Werrington, Cambridge Gardens, Cranebrook. Here is a summarised market overview I put together for Jordan Springs a new suburb near Penrith. The figures are based on the surrounding areas. I hope it's useful! http://investmentproperty-howto.com.au/jordan-springs-market-overview/ ‎

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October 2, 2012 - 1:15 am

Finance can be very difficult to get for a Display Home. Many lenders exclude them completely!

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September 27, 2012 - 3:53 am

At the moment it is pretty clear that rates are heading down! As a mortgage broker I keep an eye on the fixed rates to see if interest rates are on the move. At the moment it seems they are! Here's a more detailed article I wrote on the topic!

http://investmentproperty-howto.com.au/interest-rates-are-going-down/

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September 27, 2012 - 3:50 am

There are certainly pros and cons to buying houses and units. I had a guest blogger write and article about the cultural shift Australians have had from owning the quarter acre block to living in units. It might be helpful? http://investmentproperty-howto.com.au/cultural-shift-investment-property/

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August 23, 2012 - 12:51 am

Yes, 100% loans were common prior to the GCF they disappeared late 2008! I doubt they will ever be seen again, at least I think they are a bad idea!

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August 22, 2012 - 3:56 am

Hi,

Yes 100% are a thing of the past! the disappeared about 4 years ago when the GCF started to take its affect. There have been many changes as a result of the GCF. The Interest Only idea is indeed interesting

I am a broker and there is now a much higher onus to demonstrate to ASIC that the loan you are giving someone is in their benefit. If someone wants an interest only loan for their owner occupied home, you need a very good reason to put this to a lender. Decreasing the repayments is not a good reason.

In terms of eliminating Interest only loans for Investment Properties? This would reduce the ability of people to afford the investment in the first place, thus decreasing demand, since we have a housing shortage in places like Sydney, we need as much construction activity as we can get. I'm not sure this would fly!

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August 22, 2012 - 3:46 am

Hi Sam,

A fixed loan won't get in the way with whether or not you can service another loan. Your plan of fixing a portion and leaving some variable is usually a pretty good strategy. Fixed rates are low at the moment when compared with the past 10 years, so the odds are in your favour!

The guys above are giving you some pretty  strong advice! Particularly about CBA being difficult with servicability and cash out!

James

Investment Property How To

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August 22, 2012 - 3:39 am

Hi,

I am a mortgage broker and have had some clients invest in the Ipswich area west of Brisbane. They have seen some very poor results, one client purchased about 2 years ago for $370k and went to refinance last month and had the valuation come in at $290k. Ipswich isn't Toowoomba, however their proximity may be a caution for you?

I have one client who has purchased in Bathurst in the past three years, they bought in Kelso. Their property has stayed pretty much at a standstill for the past 3 years.

Unfortunately, i haven't done any business in Orange for well over 10 years, so I can't give any first hand experiences.

I have had some clients who have had some excellent results at Jordan Springs, near Penrith in Western Sydney. All five of them are cash-flow positive from day one. This is something I haven't seen in Sydney for a very long time. I wrote an article about it in my blog. Here's a link http://investmentproperty-howto.com.au/jordan-springs/ with some further links to some ABS research and case studies if that helps? The land prices are rising pretty quickly in Jordan Springs so I don't know how long the good news stories will last.

James