my mistake was buying a house that we couldnt really afford at the time.  i bought it because i was GOING to be returning to work 6 months later.  i learnt that you cant buy property based on what you plan on earning in the future … cos u never know if that plan is going to actually happen or not.i fell pregnant 8 weeks after settlement so the p…[Read more]

wow good luck with the reno!!!  i renovated a house a year back but it wasnt as intense as ur reno   i look forward to following your progress!

Moranbah, Central QLD ….. 2 hrs west of Mackay

k ta – cos someone i know is selling their house and they were telling me how they rented out underneith cos they put in a kitchenette etc.  i was sceptical about the legals of it all.  dodgey!  musta been a cash in the hand rental.

i dunno about the legals … but they sound like crappy tenants.

yeah, but it still isnt enough to convince my hubby to jump back into finding another house.  we had spoken about it and wanted to wait awhile.  but then yesterday a beauty came on the market that i wanted to put an offer through for.  i had a walk through this arvo and its already listed at an amazingly good price.  the owner was out the back of…[Read more]

our accountant plugged the numbers for us and we will walk away with $316k after settlement out of that $325k.  thats after agent fees and CGT etc. we got our agent at a discounted rate because we used the company that also does our prop management.  the CGT will be only $5k because I am unemployed and my husband isnt on a grand wage.to buy the ho…[Read more]

we were going to wait 6 months before buying again because im due to have another baby any day now (only 11 days til my due date) but with the contract now having all the signatures i know im gonna  have a hard time not putting in offers once it settles.  all that investment dosh sitting there in an offset account against our other IP.  begging fo…[Read more]

yep.  we are going to get a three bedroom brick house next that needs renos but no structural stuff.

woohoo our counteroffer got accepted.  contract signed tomorrow morning   soooo happy!!  only 2 weeks on the market. 

yeah thats the one.

We have invested in Mackay also as we see alot of growth still to be made.  We have two IPs although one is on the market so hopefully soon we will be down to one.  Our reason for selling is a change in family income that was unforseen so we are offloading a property that no longer suits us, and once its gone we will be once again looking in M…[Read more]

yeah our tenants are fabulous.  worlds best tenants i reckon.  the house is always spotless and yard always mowed.  gorgeous modern furniture.  no clutter.  and they have agreed to periodical payments so thats good   we wont be losing them after their lease runs out

nope – mining only.  theres no tourism or farming or anything else.  so if the mines close around here itll be a ghost town.  but that being said the community is confident.  my husband doesnt work for the mines, he is a computer techy, so i dont follow the mine activity but from what ive heard around town Moranbah still has least another 20 yrs…[Read more]

ive lived in moranbah for the last 5 years and i loooooove it here!!  if there was a title for Miss Moranbah id go for it cos im an avid ambassador for what a great little town it is.  our plan was originally to live here for 1 or 2 yrs … now its been 5 with a plan to be here for at least the next 5 years also.we live in a company house so we o…[Read more]

thanks for your advice   that seems to suit our needs perfectly.

our current property manager says to not renew their lease.   if i want them out at the end of their current lease i have to give them 2 months notice, plus 2 days postage.  which is next week.if i sign on a new lease i cant kick them out for another 6 months after they sign their new lease – which is the end of Decemberbut i hadnt previously th…[Read more]

D i was under the impression that when the lease was signed I couldnt move them on until after the lease expires?but i just had a thought – how about getting rid of the lease and offering the tenants a periodical payments agreement where its not a lease but they pay fortnightly.  that way if the new buyer wants a lease he can offer them a lease,…[Read more]

thanks guys   the ball is rolling!!!!  will go on the market in early May, instead of July … exciting!!!

wow thats amazing!!!!!  as SHales said – investing in your children and wife will be the most satisfying investment you could ever make   not to say its always rosey … but its what life is about!im a stay at home mum to 2, with another 1 on the way.  i did work for my first year as a mother and i must say – being in the centre of the home is an…[Read more]