Merlin,

Reading not-so between the lines… seems like the area doesn;t have access to higher education- ie TAFE or uni, and employment might be a bit slow. I wouldn’t kill it off as a prospect necessaily… what is the current population? (as in, can it sustain a bit of emigration and still have a rental market?) Does the area have…[Read more]

Charchie- heya :o)

The bodyt corp fees are pretty high at 3,300. Is it university accommodation or something? some places with a gym or other high maintenance equipment require owners to periodically pay a special levy to update the equipment. You might wanna check that out from past B/C minutes.

i have a rule about BC fees- I won’t pay over…[Read more]

New Year sounds good MiniMogs :o)

Re mentoring, I guess I feel I learn technical information from a number of sources- from here, other forums, from books, newspaper articles, RE agents, banks, IP’ing friends… so many people! But to me, that’s all a part of “research”. So that’s the technical bit. In terms of perspectives, I like to work stuff…[Read more]

Nathan,

You don’t need to look for mentors (leaders). I am sure that your experience in life and your willingness to get into RE investing gives you many skills etc :o) You can meet up with other people with similar interests. The notion of “mentoring” is a bit patronising, I reckon. I have no doubt you could meet up with people with skills, such…[Read more]

Allan,

How will you be affording to buy a property if you and your wife are both pensioners?

kay henry

benno,

go to google.com and type in “geraldton population” and go to “australia only” site. thentype in “geraldton rental” or geraldton median value” or whatever. Think of every combination of words for things you want to know. You could just type in “geraldton” and everything written about the place will come up. There’s no quick answer to these…[Read more]

bronny, I didn’t know *settlement* had “subject to” clauses. I thought the business of purchasing- gaining finance, getting valuations, BPI’s etc- were what the cooling off period were for. I thought once the cooling off period was over, there was no more “subject to” outs from the contract. Anyone know if I am wrong in these thoughts?

kay henry

Ghoti,

Maybe the Persian carpet guys put the sign up in the wrong place :o))

I think it’s quite unprofessional of the Real Estate Agent selling the place to put up a “liquidation” sign as a strategy. It means that the seller will probably get bottom dollar at sale. Perhaps the seller requested or ok’ed such a sign, but seems like the RE people…[Read more]

ricky, go to google.com and type in the name of the town, and click “australian sites only”. Anything that has been written on the net about the town will come up from this search.

kay henry

Bear,

Thanks for your response. I am sure what you’vre said isn’t out of line, as you haven’t said anything controversial. Given that the Snitz forum is shareware, I presume it costs zippo, zilch, nada to run this forum. But I must be mistaken.

kay henry

Yeah, I remember a guy I knew trying to pull that one a number of years ago. He decided he would charge everyone else higher rent, and have a free ride himself. He didn’t let anyone else know he was getting free rent.

It all fell apart after a few weeks, when people found out what he was up to. The guy then suffered a bit when everyone else…[Read more]

nudged, this article might give you some info:

http://www.smh.com.au/text/articles/2003/09/26/1064083195675.htm

There are a number of articles on deposit bonds. I typed in “deposit bond off the plan apartment” into google.com (australian-only sites) and came up with a large variety of info

kay henry

sis, that link discusses your strategies. I think people are really interested in the nuts and bolts of it. I wonder if you wouldn’t mind sharing how you bought your first IP- like did you have a cash deposit, and when you were able to invest in the second one- and how etc. Of course, if this info is private, then please ignore

Most of us here…[Read more]

Karan,

I was just thinking that no new properties are really positively geared. Try buying a $300k 1 bedroom new apartment and getting $600 a week rent- not likely, even though the numbers always look good on the glossy brochures.

The only properties that can be pozz geared are the cheapies or some blocks of older style units, or some commercial…[Read more]

Karan,

Sounds like fairly commonsense info they provided, and it’s not info that focusses on OPM (Other People’s Misery).

As to some of their information, I have a new rule for investments. buy post-1985. (14th July 1985 construction) because these allowances apply from then. So you can still buy a property that’s 18 years old and still qualify…[Read more]

Bearsy, you said:

“Wonders if any one knows just how much it cost to keep this forum running? I know and it shocked me when I found out.”

Bear, I’m not sure what costs to run this forum… but the snitz site says the following:

“How much does Snitz Forums 2000 cost?
Nothing. It’s Freeware. You can download a copy from this website at no charge.…[Read more]

Allan,

I thik it should affect all of those people who currently hold a HECS debt. As it’s part of a taxation policy (in effect) it should apply to all.

kay henry

http://www.capa.edu.au/briefing/impact_of_student_debt.doc

The above paper has a section (2 pages) on HECS debt and access to mortgages :o) It’s not a bad read.

kay henry

Phobia,

You’re right- it is a 25% discount for upfront payments and extra lump payments of $500. All Universities are regulated by Fed Govt legislation governing HECS, PELs etc.

http://www.hecs.gov.au/

kay henry

Sooshie,

I haven’t seen posts about moderators not needing skills- I do believe any person charged with such responsibilities (of ensuring a forum remains a place for all of those interested in the topics), can do it well or sometimes poorly.

From what I have seen of your posts, you have a mature approach to it. I’m not sure all moderators…[Read more]