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  • Hi all!

    I just had a flash of insight. I blame Michael Yardney, as this idea is from his new book.

    I’ll put figures in here to see if they make sense.

    Current loan on our apartment is $265000. Previous valuation is $365000.

    Therefore, this would be an LVR of 72.6%.

    Drawing this up to 80% LVR would give us $27000 to play with.

    Now here’s the…[Read more]

  • Hi Derek!

    Indeed! We originally had a split fixed/variable loan with Maxis Loans (subsidary of ING somewhere I think), then broke free of them and went with ANZ.

    We have two interest-only loans with two separate offset accounts for each property.

    Because of the amount borrowed, the rate is a “special” 6.62% variable. I’d be interested to hear…[Read more]

  • Hi Redwing,

    Thanks for your comments – I’ve thought about selling the apartment to avoid CGT. But since this is our first property, I’d like to have a bit of experience of actually being a landlord. :)

    Besides, this unit can fetch $380 to $400/week unfurnished. :)


    — MJ.

    Originally posted by redwing:
    Sell the apartment..put profits into…[Read more]

  • Thanks Terry and Mal for your responses!

    I guess it’s not ‘fair’ to claim interest charges on something that isn’t associated with earning an income. Go the tax system. :)

    I’ll probably just use the 7% extra as a downpayment for our next place. ;)


    — MJ.

    It is easy to get to the top after you get through the crowd at the bottom.
    — Zig Ziglar

  • Hi all,

    Thanks for the responses so far.

    Someone I know suggested a creative way to redraw money.

    Basically, withdraw the 7.2% out of our unit and use these funds to purchase shares. Thus, the equity has been used for income-generating/investment purposes.

    Then, sometime in the ‘future’, sell the shares and and then bank the cash for whatever…[Read more]

  • Hi there,

    Some food for thought – I live across from the Vision site in River Park Central, so I have a pretty good idea about Vision Tower.

    It’s going to be pretty special – it will draw more people to the Mary/Margaret street as the ground floor will have kind of like a mall/shopping precinct. Typically on a weekend this part of Brisbane is…[Read more]

  • The building is fairly swanky. The developer only has 4 storage units for sale, and the 7.5 metre one is huge! :)

    I’ll price the storage areas out and ring my possible future property manager and see what she thinks.


    — MJ.

    Originally posted by Fast Lane:
    I wouln’t say massively increse the value of your property but it would certainly…[Read more]

  • mja replied to the topic virtual kickstart in the forum Help Needed! 14 years ago

    The broadband version of the .flv (flash) is 194 megabytes.

    — M.

    Originally posted by The Mint Man:
    Sorry if this is a bit off topic but instead of posting a 3rd thread about Virtual kickstart I thought I would put it here.
    Who noticed the size of that first vidio he wanted us to watch?
    I watched about 1/4 (if that) of it and thought to…[Read more]

  • mja replied to the topic What a mess in the forum Help Needed! 14 years ago

    Jarrah – was it by any chance Mark Unwin?

    — M.

    Originally posted by Jarrah:

    Hi all!

    Steve and Dave were offering their accountant as a sounding board a week ago at Master Class, couldnt be a better guy for the job really?

    Too late at night to recall his name though the email is he was waiting for our…[Read more]

  • Spam spam spammidy spam.

    It is easy to get to the top after you get through the crowd at the bottom.
    — Zig Ziglar

  • Sent a private message to AmandaBS. :)

    — M.

    Originally posted by AmandaBS:
    Can anyone recommend an Architect in Brisbane/Ipswich to help design a Duplex to be built at Raceview ?
    Thanks guys,

    “It is better to be inconspicuously wealthy, then to be ostentatiously poor…”

    It is easy to get to the top after you get through the crowd at…[Read more]

  • Hey voigtstr,

    Originally posted by voigtstr:
    what happens when they download over 20 gig of movies or music or tv shows in month, do they get shaped or are there extra charges?

    Shaped to 28.8k, or thereabouts.

    What happens if there is a problem with their connection, if they call the ISP’s helpdesk they wont have all the account details I…[Read more]

  • Thanks Jaffasoft!

    Saved me from having to cludge together some formulae in a spreadsheet!

    — M.

    Originally posted by Jaffasoft:
    I just finished a ‘Reno Scenario’ calculator, it’s a new addition to the family of other calculators I have at

    And thought I would let you know and share it with other.

    ‘Reno Scenario…[Read more]

  • mja replied to the topic springfield lakes in the forum Help Needed! 14 years, 3 months ago


    There are 41 places to rent at Springfield Lakes right now, ranging from $230pw to $380pw.

    And the $380pw is a two storey house.

    What’s interesting is that you can easily tell a rental from an owner occupier house. The fittings look ordinary. There’s face brick instead of render on the outside. The tiles in the bathroom…[Read more]

  • mja replied to the topic springfield lakes in the forum Help Needed! 14 years, 3 months ago

    Hey Qlds007,

    The correct spelling is Maha Sinnathamby. I’ve never met Maha (or know anyone else who has delt with him), so I can’t really comment. He is one of Qld’s richest residents though… $360 odd million dollars of worth.

    A quick Google search revealed:

    I’d be interested in your…[Read more]

  • mja replied to the topic Martin Ayles in the forum No Subject 14 years, 3 months ago

    Originally posted by Brent:

    P.S. – There’s a Free 21-Minute audio recording around where Martin talks more about his development strategy.

    It helps to put the video in context – both were taken from this presentation Martin did at a recent MasterClass in Melbourne.

    Actually, it’s from the Sydney MasterClass. :)

    — M.

  • mja replied to the topic springfield lakes in the forum Help Needed! 14 years, 3 months ago


    My thoughts are below. I’m currently building next to Springfield Lakes in a suburb called ‘Brookwater’.

    Springfield Lakes has been around a little while. It’s by Delfin – the same developers who built Forest Lake out of nothing, then started North Lakes (just north of Brisbane).

    The most expensive properties at Springfield Lakes have a…[Read more]

  • The plot thickens!

    My solicitor claims that the seller didn’t disclose the fact that there was a body corporate attached to the property, thus he’s broken the law.

    I’ve sent all the paperwork to my solictor who will then calculate the strata due and send the bill to the seller. :)

    I wait with baited breath! :)

    — M.

  • Hi all,

    I’m a Unix System Administrator by trade, looking after largish computers (read: servers) that run business applications, databases, web sites, email gateways, yada yada.

    Have recently started a venture building smallish appliance servers running Linux that keep spam and viruses out of small-medium sized businesses.

    Still looking at…[Read more]

  • mja replied to the topic Sydney Masterclass in the forum Heads Up! 14 years, 5 months ago

    Yeap – I’ll be there! Flying in from Brisbane too. :)

    — M.

  • Load More


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