Thanks Simon

It’s good to have a ballpark figure that you’ve provided anyway- just to know what’s out there.

kay henry

Steve- finally you and I agree- I knew we would sooner or later [:p]

Propertymagnet, I am pretty old-fashioned- I see making an offer and receiving an acceptance as something of a verbal “contract”. If you were a vendor and receiving offers and accepting them, but the buyer had no real intention of carrying through with that offer, you’d be…[Read more]

Dear all,

Spoke to the chap who is organising the tour this morning. You go to ten towns- first stop wagga- then you stay at parkes- their shout. I asked if one had to give bankcard details etc and the guy said no. He basically said that they make quite a few sales throughout the year from the tours. He said he’s aware of the trips people givew…[Read more]

hehe Cel- too funny! []

kay henry

sis,

We’re discussing the difference between “square metres” and “squares”, and how to convert one to the other.

kay henry

*poke poke*

And how much was it Simon? [:X]

hehe

kay henry

I tend to think yack might have been a tad joking with his reply. I think the ppoint he was making was that one can’t just look up stuff on the websites we all know and then charge 2k on properties hoping that others haven’t already seen them.

For example, the other day I got the Trading Post just to check out the RE page (it only has one page).…[Read more]

Monkeybam,

I live in sydney, and I can’t afford to buy in my local market :o) Hence, I have to look a bit further afield.

kay henry

Cel,

I *think* that 230 sqm = 23 squares… Now, I’m just guessing on this, but my mum always talks about squares, and now, i just divide the sqm by 10 or multiply the squares my 10. I just made this up and am probaby wrong, but at least it gives me a guesstimate when i see squares advertised.

80sqm unit = 8 squares etc…

Does anyone wanna…[Read more]

7,

I just borrow 100% of the costs- purchase price plus all that you have mentioned (all up, about 105%). I use equity from other IP’s I have. But even if you are buying your first place, just bite down hard and pay the extra costs. They either become tax deductible throughout the peroid of the loan, or claimable against CGT when you sell.

I pay…[Read more]

Rob,

I think Elwood is a good choice. It’s a more “established” area, whereas richmond is considered inner-city and has a large amount of units built there- too many. Having said that, richmond is certainly charming

Sunshine is certainly in a different “league” to richmond and dandening- if ya know what I mean. Depends on whether you want…[Read more]

Gawd Mini- you addict- couldn’t keep away huh? :+P

kay henry

Ausprop,

I am discussing rental returns. And yes, i work on the purchase price paid to calculate return, not on current valuation. The current valuation is only of concern when i resell. So if my property is bought for 100k and recieves 200 rent, then it is a 10% return (on price, not price plus expenses). If the property is at a future date…[Read more]

pmaurice,

I don’t see paying a 20% deposit as part of a pozz cashflow calculation. we could all pay 50% deposit, but does that mean the return is positive? I don’t think so.

Cashflow is based upon full price of the purchase- plus expenses. You get a bigger income than that and you’re doing well )

kay henry

jaap,

Many other people on here will have lots to say about Rocky, no doubt. As for me, I just wanted to congratulate you- buying one’s first house is a fantastic thing to do.

Once you get over the nerves of it all (I find the property game pretty nervewracking too), you’ll be able to enjoy it a heap.

kay henry

Matt,

If you’re only 17, it seems it will take a while for you to be able to get a loan. Unfortunately, you pretty much have to work in paid employment to get a loan :o))

Please don’t think me patronising in saying this, but make sure you enjoy your life too- as well as investing. Once you start fulltime work, you then have to do it for almost…[Read more]

Oops- not nerdy- I meant geeky! []

kay henry

hehe.. Come on guys! stop being so stereotypically nerdy!

Sorry Mel- i made you an honorary guy- just one of the boys []

Oh alright then- BE nerdy! you know you love it

kay henry

RickHy,

did you see this month’s Australian Property Investing magazine? There was an article on University accommodation- the demographics- and what to buy and what not to buy.

I stayed at some lovely Uni accommodation at University of Southern Queensland, sunshine coast recently for a Conference.

It was one of the types that API was…[Read more]

Pisces,

Flips would seem to be to be an extremely risky strategy in any time other than a boom. how can one be sure of making a quick profit these days? One might be lucky to break even.

The deposit bond strategy was over at least two years ago.

Is there some other way to flip? Are you speaking of land or something?

kay henry