Big Cat,
Personally I’d stay away from the house and land packages and organise the lot myself.
buy a good bit of land (any of the areas you’ve mentioned are good), and find a builder to build you a house or even better a duplex. This way you keep the money that the house and land marketing guys normally get. A friends mother did this recently and…[Read more]

Hi Wil and Del
Thats a good thing I wouldn’t want my message to go unheard ![]
If you have no luck with your bank try a broker. One of my best friends was very high up in lending at one of the big 4 and he used to complain that he didn’t have the flexiblity in lending that brokers had. He said that he would have apps knocked back and a broker…[Read more]

sorry guys, hope you could make sense of that, I was busy watching the footy![]. We’re winning by the way[], yes I’m a New South Welshman even though I live in sunny??? QLD now.

Scott S[]

“Aim for the stars and you’ll shoot the top of the telegraph pole. Aim for the top of the telegraph pole and you’ll shoot yourself in the foot!”
-anon

Wilandel,
From my understanding it depends on the particular package offered by the lender.
the on ethat we are applying for has a $295 per year fee for the first 5 loans and ohter extras included for that annual fee, then another $295 for the next 5 etc. there are no application or valuation fees as such.
someone like Stu from prosolution would…[Read more]

Hi Alex,
I think everyone buying at the moment has the same problems! R E agents have it too easy at the moment as far as sales are concerned.
If however you’ve got a property to sell you get preferential treatment. Ir’s just too easy for them to sell properties at the moment, they’ll get thier own back when the market slows, those who’ve given…[Read more]

Hi,
I’m a little confused here, so if any one in the know can clear it up I’d really appreciate it.
When I went to buy a commercial property recently I was charged gst in the contract price even though it was tennanted. Was this the agents error or is there some loophole that I should know about.
Any info would be great.

Thanks
Scott S

P.S.…[Read more]

Hi,
The advice that I’ve been given is to ALWAYS inspect the property just before you settle. That way you know your getting what you looked at when you purchased. As I think AD said, the
negotiations aren’t over till you’ve settled. If there’s no lights when you inspect negotiate a discount to the value of new light fittings I’m sure that’ll hurt…[Read more]

Hi Potzmoa,
It’s good to get a bit of local knowledge on NZ, I’ve been intereted in investing over there since talking to MiniMogul at the masters seminar, but I don’t believe in buying without fully researching an area. As you say it’s not easy dealing from afar! At least now I’ve got some places that I can research over there. Still there’s no…[Read more]

Hi Big Cat,
Look around the Hawkesbury area, especially Bligh Park and North Richmond. There has been enormous growth there but I feel theres plenty to come.
No positive cashflow though!You tend to get good tenants in those two areas. South Windsor is another riskier bet, it hasn’t seen the growth of the other areas because of it’s name alone, I…[Read more]

Thats right , but and it’s a huge BUT!!!
Even if your name has been on the title of a property previously you can still get the grant!
WHAT I hear everyone say, if your name has been on a title you’ve owned a home, and your not eligable for the grant!
Well thats not necesarily true. I’m still trying to find out exact detials for Soosh but it goes…[Read more]

Good point Mini, the other advantage to the wrappee who defaults, (Please correct me if I’ve misunderstood this) is that they wont get another black mark from a bank against their name.
While still a loss, it’s better than a bank taking their home, selling it off way below market value, leaving them owing the bank money that they cannot repay.…[Read more]

Hi guys,
There’s more than just beenliegh! I just missed out on a deal where you walked out the front door and just about fell onto the platform for under 50k !!![!] Should have acted quicker![]
They’re out there guys you just have to look! Oh well, guess I won’t muck around next time. Lesson learnt.

Cheers
Scott S

“Aim for the stars and you’ll…[Read more]

hi Nick
The answer in short is YES, as long as you move in within 12 months you can claim the FHOG.[8D]

Cheers
Scott S

“Aim for the stars and you’ll shoot the top of the telegraph pole. Aim for the top of the telegraph pole and you’ll shoot yourself in the foot!”
-anon

Hi guys
I too would love a copy if anyone has one, more than happy to pay for it!
Email me at srcengineering@optusnet.com.au if you can help!

Thanks
Scott

“Aim for the stars and you’ll shoot the top of the telegraph pole. Aim for the top of the telegraph pole and you’ll shoot yourself in the foot!”
-anon

Hi choc,
For finance and advice I’d highly recommend Stuart from ProSolution. I’m using him for my finance, and I think that you would be hard pressed to find a better broker.[](I had to give you a plug Stu[])
Check out his site at http://www.prosolution.com.au, there is plenty of good info and contact details.
On the topic of properties stick to the…[Read more]

Hi walkernick
As I understand it the difference is that an application shows an enquiry on your CRA , it will show the amount that you applied for and when you applied for it. If you were to then take out a mortgage in your own name those borrowings would show on your CRA against your name. If you borrow as a guarantor for a company, it only shows…[Read more]

Hi Fullout ,
Good on you, it’s good to hear everything worked out! [8D]
I know how stressful it is when that sort of thing happens trust me!

Cheers
Scott S

“Aim for the stars and you’ll shoot the top of the telegraph pole. Aim for the top of the telegraph pole and you’ll shoot yourself in the foot!”
-anon

Hi guys,
My name is Scott, I’m 28 and live in Brisbane with my girlfriend Libby, in a rented house that I share with friends. I’m in the process of purchasing my first 2 IP’s, all since finding this site. I’ve grown up helping my family renovate houses so property is sort of in my blood.
I’m doing this not only for myself but to help my parents…[Read more]

Hi katsu88,
get on realestate.com.au and searc the areas that interest you when you find an area that looks good then do a search on the town through yahoo or simmilar to find out more about it’s economy etc. If it all looks good call a few real estate agents and go have a look.
It really is as simple as that![8D]

Happy hunting
Scott S

“Aim for…[Read more]

Hi guys,
The problem as I see it is that in this world there are unscrupulous people, and while 90% of wrappers are doing the right thing by the wrappee, there will always be the few who see it as aget rich quick sheme. As a result they do prey on the less fortunate, giving wrappers a bad name.[!]
I personally would have no problem with strong…[Read more]