Know the Medina/Kwinana area quite well. The closer you can get to the new railway station (due 2006) the better. That is the Orelia, Bertram Heights area. This is getting quite expensive now. So if it Medina you are looking at and there are a heap of investors looking at the area at the moment you would probably do alright in the long run.…[Read more]

quote:
Kym negative gearing aint necessarily bad. depends on your goal. Its fine in my opinion if you are focused on capital growth. But if you need cash flow then obviously its not for you.

You need a property investment calculator.

http://www.yourmortgage.com.au/calculators/can_i_afford_investment_property/

Thanks hwd007

The property…

[Read more]

Theres no way you could buy positive in this area – just get as close as you can to cf+ and rely on the capital gains. I have no doubt that the gains will be very good and I can always subdivide or sell as a 4 Unit site. It is very near a burgeoning Cappacino strip as well (1400m away!)

They are a duplex pair (sorry should have mentioned that!)…[Read more]

Built in 1956 – solid double brick and bloody well maintained – Didnt take much for the Jarrah floorboards and a new coat of paint to work wonders. [^]

Perth is like anywhere – there are great deals out there just have to work hard to find them.

My latest is a property 200m from Beach, 35min from city, bought for $250k and rented for $390 p/w. The block is also a 4 Unit site with huge development and capital appreciation potential due to government and private investment in the local area. []

Thanks for the encouragement and feedback, Ish. Congrats on your big step forward. I will certainly be referring to this site a lot. Positively geared property is extremely hard to find. Either that or I am looking at the wrong places. Right now, I am looking for ones that are close to it and to leverage the extra expense against my taxable income…[Read more]

well my name is luke (last name young, hence nickname = youngie), i am 20yrs old and live on the gold coast, i work as an IT professional which is why im constantly logging into the site throughout the working day.

i currently have 0 properties and having been studying rei for the past year, i guess im just a little ‘too careful’ when it comes to…[Read more]

i like this quote –

“If you are an investor considering using a “wrap-around” – my warning to you is this: find a more conscionable way to make your money, pal. And watch out you aren’t breaking the law, because when your naïve rent-buyers have second thoughts and seek out, independent legal advisers, their shrewd and consumer-concerned solici…[Read more]

hi kellie,
this sounds very similar to the deal i was proposing in the ‘land opportunity’ thread (and i agree with your negativity remark, but any feedback is good feedback negative or positive i beleive)

i still think it is a good opportunity to build up some quick cash for other properties, i think i could end up being a bit late on my deal…[Read more]

In Victoria it is 25 above the limit unless you are driving in a 110k zone the it drops to 20k above the limit. It was changed either last year or earlier this year.
On another note has anyone heard about the new speed cameras to be installed on the great ocean road? they are built into the road and look like a cats eye.

Chris

Well my name is Chris 34 live in Forest Hill Vic with my girl friend Sue. I’m an I.T. systems administrator (contractor)for a defence company and Sue is a school teacher. I have only 1 ip in Sydney at the moment and Sue has 9 units in Melbourne.

I have a 5 year old son from a previous relationship who lives with his mum.

Currently not buying…[Read more]

NishuG with 250-270k you still should be able to buy a house within 15k’s from the city, Take a look at http://www.realestate.com.au and select some suburbs that you are interested in.

Good Luck
Chris

I don’t know the block personally but be wary of the following.

Off- the – plan in Melbourne has jumped in price significantly over the past year.

I was paying about $4500 per square meter and it is now usually over $6000 per square meter, and quite often up to $6500.

What this means is that we have a lot of 1br units being offered for sale…[Read more]

yeah im looking at setting up a trust first, because i want to do it right from the start so , once i sort out how it want it setup , im going to have a go…..

thanks again guys

thanks for all the input guys,

ive been thinking about it a lot, and its really just like putting 10g away in a fund for 6 months and watching it grow, as long as i can get pre approva;l on a loan for say $150g as ‘back up’ if it doesnt sell by the settle,ment date (which remeber is no sooner than december at the earliest, negoitiated to an even…[Read more]

Honkytonk, the same thing happened to me 8 years ago but in Vic. from memory the house was transferd into my name and little or no stamp duty applied. The major point for me was that my income at the time didn’t meet the banks criteria(just something to consider)

Chris

Hi Andrew

Did you have any luck in finding any cheaper reports? I’m also looking for some cheap info – I’d be keen to discuss further options with you.

Cheers
Chris

chris.poynter@paconsulting.com

Hi again. I think it’s great for +ve cash flow properties because capital gain is secondary. If this helps secure more IPs that put money in your pocket AND you retain 100% control of the property (deciding when to sell, among other things) it should be good.

Of course, the devil’s in the detail.

Michael

SunnyGirl here is a link from another forum re this company
http://www.somersoft.com/forums/showthread.php?s=&threadid=9164

Chris

No, just Queensland

Chris