I’m no expert, but I would think the best answer as to when to buy, is “when you’re ready” – i.e. you’ve done your research, found a good deal at a price you can afford, you’re happy with the purchase and feel comfortable making the commitment.

That was part of my point about not feeling pressured to buy. There are plenty of experts making…[Read more]

You are getting some fantasic advice and help here!

Don’t give up! I was in a similar situation to you. Ill while my wife worked, trying to stay afloat and trying to buy a first house with minimal deposit (with quite rich relatives standing well back!).

We did it. So no doubt you can too. I spent the last year working (when I could) on…[Read more]

If interested contact me at darren @ graphic-designer.com if interested. It depends where you are though – they’r equite heavy so expect postage may be a bit extreme.

cheers,
Darren.

cheers,
Darren.

Purchase Price $250000

Divided by 1000= $250

Multiply x 2 = $500 required weekly rent.

6 units = avgerage rent of $83.00.

Nevertheless, the return may not be quite 10.4%, but it’s definitely CF+.

I’ve often wondered about JV arrangements. Surely once you explain what you want to do to a pontential investor/partner, a wrap, subdivision etc – then they don’t need you any more? If they have the means, you’ve just supplied them with a great idea and put yourself out of the loop.

Or are we relying on integrity? Just wondering, as…[Read more]

I hope others may have some more info on possible downsides, but I think it’s clear we’re nearer to the end of the property…[Read more]

A friend bought a property at Runaway Bay around 1992. It did almost nothing for a decade. Now it’s gone up just over 100% in 12 – 18 months. He told me it was still only 8% p.a. over the time he’s had it. It happens to be a hotspot at the moment.

We bought in Brisbane 12 months ago. Our property…[Read more]

Six months ago I was looking at possible IP’s close to home, that I could almost afford. Looking back, and adding what I have learnt recently, I probably could have bought one after all.

Now they really have skyrocketed out of range, so my first IP is going to be somewhere else and…[Read more]

quote:

if you have owned the property of more than 12 months then you only pay capital gains tax on 50% of the profit.
regards westan

What about PPOR? Do you pay CGT on your home if you have owned it more than 12 months?

A recent report predicted that Brisbane will have the worst traffic problem of any Australian city within 10 years.

Most people moving to Qld list lifestyle as the number one reason. But that lifestyle is chnaging because of the phenomenal growth in the small pocket of S.E.Q.

Yet it is investment that is currently…[Read more]

The current price rises are being driven by investors from down south who want to buy property and can’t afford it southern states…[Read more]

I can’t help you much with the financials, but I would advise thinking very carefuly about getting into a financial arrangement with your family.

We had a similar situation in our family when a sibling bought a house and my mother rented it. Everything may be fine for a long time, but situations eventually change. Looking long term…[Read more]

Most people seem to be looking in regional area from reading many posts in this board (and Steve’s book of course). I have…[Read more]

cheers,
Darren.

I’m a pure novice, but it seems to me that it is a sellers paradise. People are getting offers way over there asking prices because of the frenzy to “get into” proprety.

I wish I had a crystal ball so I could sell right at the end and rent for a while, then rebuy when interest…[Read more]

cheers,
Darren.

Contact me off list if you’d like to chat.

cheers,
Darren
darren@grpahic-designer.com

cheers,
Darren.

Wen rates do rise, I just hope it is very gradually…[Read more]

I wonder, since the boom started sooner in…[Read more]

Our property surge did start later than the other major cities. The thing is prices are accelerating so fast I don’t know how much longer the current advantages will still be around.

Already the infrastructures are buckling. The SE freeway is probably as bad as Sydney traffic now. Schools and hospitals are full. The…[Read more]

He also explains that he used some no cash down strategies and talks about long settlement periods and other creative ways of…[Read more]

Leigh – I certainly agree with the incentives idea. I read Steve’s book as well. Sounds like that can really put some icing on the cake. Great idea to really tailor it to your customers needs.

Good luck with your offer, and congrats for finding…[Read more]

cheers,
Darren.

Hope it works out for you.

cheers,
Darren.

quote:
I agree with the Jason. Selling in queensland is a big mistake. Especially outer Brisbane as it is just starting to take off. Refinancing is a good idea so that your borrowings are on the investment not the home but I’m not entirely sure it is leagal from a tax point of veiw to increase the loan on a preowned propety. Maybe a tax guru…

[Read more]

But it doesn’t look easy to me, so I suspect only the most dedicated will stick with it long term. When the bubble bursts, the hunt will be on for many people to find the “next” big thing – back to shares?

cheers,
Darren.

cheers,
Darren.