[McBeefyMember@mcbeefyJoin Date: 2012Post Count: 4]

June 12, 2012 - 11:05 am

thank you for your reply, WomeninPropMelb. some excellent points to consider indeed. with my relocation not until 2013, i have got what i need to get the ball rolling. 

ps. im loving your business niche as well- supporting women to invest in property!

[McBeefyMember@mcbeefyJoin Date: 2012Post Count: 4]

June 10, 2012 - 4:36 am

some great points catalyst. so here is an example of apples with apples:

a 2br apartment on 81 church st lidcombe, nsw.

to rent–
http://www.realestate.com.au/property-apartment-nsw-lidcombe-407865357

$480 p/week or about $2083.2 p/month.

$1041.6 per person, p/month

to buy–
http://www.realestate.com.au/property-apartment-nsw-lidcombe-110610573

$388,000

quarterly costs
strata $977
council $208
water $148
or $5332 per year or $444.33 per month

mortgage $2,344 per month (nab loan calc. 7.25% interest, 25years, interest only)

mortgage plus quarterly costs per month $2788

$1394 per person, p/month

have i encapsulated the scenario realistically here?

my parents have said before that they'd graciously to take care of the administrative side of buying our first property (ie stamp duty, legal)

and to your point about setting up the loan correctly, i will definitely seek advice on this, if i go down the path of buying.

i am still not clear whether to buy or to rent when i move to sydney!!

[McBeefyMember@mcbeefyJoin Date: 2012Post Count: 4]

June 9, 2012 - 1:11 pm

PropertyGuts wrote:

Has anybody heard Dominique Grubisa present?  I understand she is a barrister with a specialty in 'how to purchase mortgagee in possession property", etc etc/  She is presenting in Sydney on Tues 29May and Bisvegas this weekend.
Is her message worth listenning too?

Hi PropertyGuts- I attended her seminar in melbourne. Shes was the headliner in one of Stuart Zadel TGR seminars. Interesting subject matter, claims to have discovered a legal loophole in buying property from distressed sellers that she has spent years finessing. And just as she has the audience on the edge of their seats to hear this 'secret', she tells everyone that she is holding a 'masterclass' for 25 or so people, which includes cd's, dvds, property monitors data, legal support, legal templates for a cool $5,500 (if you register before leaving the room, otherwise $6,000)

the worse part about the presentation was, unlike some other seminars i've attended, dominique did not take questions in front of the audience. It was like "bang! here's the sales pitch" then literally bolted off the stage in the front of the room. of course, she may have her reason for that, but it instantly raised suspicion. why didnt she feel comfortable opening herself and her subject matter to quizzing from the crowd?

Should you attend? I think its worth a look, and if its the same seminar I attended- you'll get a free 'think and grow rich' book