Stamp duty fees do vary by state.

However, I doubt that's the reason you're hearing people in NSW say that Brisbane is the place to invest.

There has been a bit of talk about the Brisbane market being in a recovery stage. Check out resources like the Herron Todd White month in review.

Cheers

Jamie

Should be pretty easy to work out whether your broker is decent or not – the spectrum varies dramatically in the industry when it comes to quality. 

Interest only for a PPOR works particularly well if the PPOR is going to become an IP in the future….or if cashflow is tight.

This blog entry explains the concept.

Cheers

Jamie

Hi Leonard

If you do a quick search on MISA you'll find a fair few posts.

Whether you can do better than the current discount with CBA depends on your total borrowings and LVR.

Cheers

Jamie

jmsrachel wrote:
Who is the chosen One?

Would have to be Terry W – lol

Cheers

Jamie

You'll be in good hands with Richard.

Location isn't an issue.

Cheers

Jamie

There's also a couple of decent investment property mags.

Australian Property Investor and Your Investment Property – I used to enjoy having a read of these when I had a bit more time.

Cheers

Jamie

Agree with Crest.

I wouldn't worry about incentives. Just ask them if it's ok to start paying weekly – for most it should be as easy as changing the direct debit they have set up from monthly to weekly.

Cheers

Jamie

garmon wrote:
I thinks agent is a most important part of real estate sector… Because they have full information of real estate market. And they have full knowledge about property law… So they are very helpful for selling and buying property…And they also provide best guideline for property…

Ahhh geeze. There is so much wrong with this…[Read more]

If you're going to self manage you'll need to introduce yourself – ask them over a casual chat if it's ok if they set up a weekly debit….obviously don't point out that it's so you can save more cash.

Cheers

Jamie

booge wrote:
As much as I'd like to, we can't afford to make the current PPOR an IP.  We already have another IP and intend on keeping that one.
We would definitely sell the current PPOR and put the proceeds towards the new PPOR.

Look's like you've answered your own question Booge. Seems like it's best to sell up before…[Read more]

Do both.

Buy a PPOR, utilise the FHOG and any other concessions if they're available to you. 

Add some value to your PPOR through renovations. Access this newly created equity and use it as the deposit/costs on your first IP.

Cheers

Jamie

Fixing is a good option if you need to know what your monthly repayments are going to be each month. So from a budgeting perspective – it can be great.

The major downside is the high break costs generally associated with closing down a fixed loan and their lack of flexibility.

If it's a set and forget IP that you don't plan on selling or…[Read more]

There's a few options.

1. Have you considered keeping the current PPOR as an IP? With this option, you could possibly access equity in the current PPOR which will be used as the deposit/costs on the next PPOR. There's a lot of other factors to consider here though.

2. Sell up and use proceeds to purchase next PPOR.

3. If your borrowing capacity…[Read more]

You'd need to ask them.

I wouldn't rely on info from strangers about a body corporate issue to find out later that it was a problem and all the work needed approval.

Give them a buzz and ask.

Cheers

Jamie

Hi there

We've got a free spreadsheet on our website that's received some good feedback http://passgo.com.au/property-data-websites.html

Cheers

Jamie

I've been told that Nic Moustacas is good http://www.strategicwealth.com.au

I remember reading somewhere that House of Wealth now has an office in Sydney too.

Cheers

Jamie

Agree with Catalyst.

There's no reason why you couldn't carry our a normal due dilligence process as you would on any other property that you're purchasing.

One of the biggest things to consider when buying at auction is getting your finances in order. You need to be reasonably certain that finance won't be an issue.

Cheers

Jamie

Aaron93 wrote:
Steven, whatever you do, do not get yourself into negative gearing.

Hi Aaron

Do you care to elaborate?

There's no right or wrong answer with whether someone should opt for a positively geared investment over a negatively geared one.

I'd rather purchase an investment that was going to achieve some capital growth in the  next…[Read more]

Welcome aboard

Cheers

Jamie

This is a handy website  – http://www.nearmap.com/

It's not property investing specific but the maps seem clearer than google earth so very handy if you want to keep an eye on your IP

Cheers

Jamie