Yeh Chris, I was only looking at John T. Reed’s website last night.

On the one hand of course the reason for him getting stuck into real estate gurus is to push and promote his own goods (books, newsletters, seminars) but on the other hand there is no doubt a lot of truth in what he says.

One danger however is the fact that his disparaging…[Read more]

Hi

Thank you for taking the time to answer my questions.

<<Metro (eg Brisbane) – up to 80% low doc at 6.5-<<7.5% interest, up to 90% no doc at 8%+ interest.

Is that up to 80% of the Purchase Price of the IP with 30-40% deposit?

Is it 20% deposit when the banks start lending without jobs/documentation or is it 30-40% deposit?

Should I see a…[Read more]

Hi Steve

Thanks for the welcome. You certainly are “the news of the hour” at the moment and you are causing quite a stir. Well done, I appreciate your no-hype quiet approach. It is very refreshing.

I was lucky to be watching “This Day Tonight” this week when I caught your 5 minutes of fame on TV. I bought your book today – the last on the shelf…[Read more]

yes l know new farm and l have heard the prices are going up there. I was thinking of buying in albany creek out nth as l was planning to move there in the future but its all a bit of a brain overload. I just dont want to buy an investment and find l cant rent it out and get stuck with the payments.

Hey,
Eqtuiy Lease concept is a good one but I think it can only be used for area with high rental returns..

Assume your place is worth $350K .. which means ur borrowing $315K from the bank .. at 6% interest rate you should be paying back $363.5 week interest only.

In Sydney a 350K apartment would be rented for around the $260 mark i think and…[Read more]

Thanks AD & Willi,
I will sure look at my goals and directions.

on the affordability front, what are your opinions on bracket creep? do you think its going to make it harder and harder for not only first home owners but for investors alike?

i recently read this article http://finance.news.com.au/common/story_page/0,4057,6214850%255E14302,00.html
and if the properties keep rising , tax keeps rising yet incomes…[Read more]

your right peter, i do focus on the negatives too much, its just a habit. i guess im too cautious aswell. i tend to look at the negatives on a deal and then put it in the ‘to hard basket’ rather than looking at ways to overcame them and turn them into postives…..

i love that 25% suggestion, i will definitly try that when looking into the next…[Read more]

thanks joff,
they are some great points to keep in mind, ive decided to just get out there and start seriously looking, the longer i read and procrastinate, the more i just keep changing my mind, so ive decided just to go look hard at properties in my price range until i find something that is right for me. like you say if the numbers add up, the…[Read more]

hey wild,
well reading that post sounded like deja vu’ (except for the shaving part,[] i hope im not on the road when you doing that!) i too get information overload, one week i’ll think i’ll focus on this style strategy, then i change my mind to something else…. i guess time is on our side, but it does get frustrating after a while, i think…[Read more]

yeah i have asked and im looking at no more that around the 190 – 200 mark

which rules most of the gold coast out (unless i want to head out with the cowboys out west)

this is why im thinking more the gold coast – brisbane corridor as its an expanding area and there are still some affordable cashflow + properties around, it just means that i…[Read more]

hi andrew,
but theres a problem, when trying to find a prospective ip in the coast, you looking at houses from 250+ minimum (especially if your trying to find something suitable and decent enough for someone to fall in love with and call their home.) this is where the problem starts trying to get 250g+ hopme loan off an institute at 21yrs old ,…[Read more]

thats interesting guys,
i have just been doing the numbers on some diffierent strategies, to see what would be best for my to use in my area, lately i have been swaying towards going after some wraps, but believe it would be a bit hard to do on the gold coast, most likely have to look at outer suburbs of brisbane for this kind of thing.

its just…[Read more]

To paraphrase Bruce:

blah, blah, blah… I don’t pay taxes, not me, no siree!…blah, rant, spew, blah…oh, I’m just a country boy, too…snort, scratch, rant, rant…doing the”deed” with his daughter…oink, snort, blah, blah…my wife barks so I don’t have to… blah, waffle, fizzle, fizzle.

End of paraphrase.

Yes, all welcome and creative…[Read more]

Well, both our sides of the family are from, and in, the sticks. Thanks for socio-economic profile of me and mine.

Y o u W a n k e r

That’s awesome feedback, Resurrect. I really appreciate it. Going through your points:
1) I have strongly indicated that to the real estate agent.
2) I have also indicated to her my price range
3) I will tell her that.
4) Will definitely do that again this weekend.
5) I have to get another one as I have lost the one that my bank had sent me…[Read more]

Thanks PG-WA, Del and Quasi!
Kinda getting a bit frustrated with the whole bizo because everytime I find something decent, it goes very quickly [].
Do you guys find yourself in the same scenario as well or am I just looking in the wrong places?

Choc

I’m 27 and am working as a computer consultant for IBM. Like ksheather, I concentrate on providing software development and consulting services and so far have been primarily involved in building custom finance applications infrastructure.. I guess you can call me a “techo”.

ChoC

Sorry, if you are already concerned this article in the SMH may not help.

I don’t agree with the economist bagging above – this seems like simple supply and demand to me!!

There is only one way it will go in the short term and it wont be a longer wave than just three or four years I think.

http://www.smh.com.au/articles/2003/07/01/1056825394151.html

Thank you everyone, your advice has been very helpful!

Alison – I will definitely be checking out those other links you mentioned.