[qldminer11Member@qldminer11Join Date: 2011Post Count: 8]

November 6, 2012 - 9:09 am

Thanks for the advice guys looks like we will keep the brisbane property for a little while longer and see where the market heads.  Going to do a few little reno's so it will get better rent and hopefully worth more to sell down the track.

[qldminer11Member@qldminer11Join Date: 2011Post Count: 8]

November 4, 2012 - 9:51 am

would like to go but living in biloela its a little far to travel.  Its a hard call to make weather to sell or keep wish the crystal ball was working lol

[qldminer11Member@qldminer11Join Date: 2011Post Count: 8]

November 4, 2012 - 7:01 am

sorry i should have said that after i sold the property i could save 20k from my wage.  we have worked out  the minimum  amount that we will have to sell for to break even.  If we cant get the required sale price we will just keep the property a little bit longer

[qldminer11Member@qldminer11Join Date: 2011Post Count: 8]

November 4, 2012 - 6:41 am

Thanks for the reply Richard.  the reason we are selling is that we are living out of brissy and renting the property out.  we have a LVR of 93.5% atm .  and in my current job without the property i would be about to save approx 20 k per year.  so in 2 years i could have approx 40k to look for a propery that is neturally geared.  If i keep the property i dont think that its value will rise 40k. I am not keen on selling but i dont think that the market will rise that much. 

[qldminer11Member@qldminer11Join Date: 2011Post Count: 8]

November 3, 2011 - 7:25 am

novated leasing on a car is not as good as it was last year the government has changed the fbt rates so its more expensive to lease.  I looked at it and for a car worth about 45k it was going to be a reduction in take home pay of about 250 to 300 a week.  also if you go over the km that you have agreed on the leasing company will charge you more for wear and tare and fuel.  so for me not a option atm. 

[qldminer11Member@qldminer11Join Date: 2011Post Count: 8]

November 3, 2011 - 7:15 am

we manage our own property does anyone know of a company that will give us land lords insurance most we have found only insure you if it is managed by a agent