go to http://www.adprop.com.au and sign up as a member. You will receive newsletters and invites to Adelaides monthly investor meeting. They just had one yesterday. George

Foundation, care to explain what you mean? What is your opinions on the individuals mentioned above?George

Richard and Craig, your help is appreciated. ThankyouGeorge

I was under the impression that even if your offer is accepted your not legally bound to it as you have not signed a contract or paid a deposit. Sureley there is nothing wrong with saying "Sorry I have decided to retract my offer as i have found a better deal"George

The reason it was valued too low was because it is in an ex housing trust area and most of the buildings were sold off cheap and demolished and are now being sold as empty blocks with H&L packages. So using past sales as a comparison, 180k is pretty fair even though most of the buildongs were maisonettes and this is a solid brick house on a large…[Read more]

Realistically though who would have an IP without Landlords insurance. Just make sure it will cover every scenario that could happen. $400-$500 should cover everything.

The problem with semi detached is you really don't have much room to move in terms of development. The area in Davoren Park you are talking about is pretty bad. Unmowed lawns, car bodies on front lawns etc….but good returns.I went for a drive through there about 2 weeks ago to see what the homes look like. As i turned down a street I found…[Read more]

I was thinking something very similar only a couple of days ago. I don't think you can rent the townhouse to yourself and even if you could it would probably be pointless as the interest on the IP is tax deductible but the rent you pay isn't so it would cancel out.I think the same would happen if you went with Marc's suggestion of renting to your…[Read more]

Thanks guys for your replies. Very informative and pointing me in the right direction.

Qlds007 wrote:
I think you mean you will be buying the property as a PPOR rather than an IP and claiming the FHOG and stamp duty concessions.

 Yeah thats what I mean Richard. Was a bit confused at the time

Qlds007 wrote:
Also you will be suprised how many…[Read more]

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