Well, I have decided to take the plunge – but not so fast!!!
I have placed an initial offer on a 3 bedroom – around the Hills area of Brisbane. Nice location -I am going to have a look at the place on the weekend. It needs a bit of work and is 30K less that what my initial thoughts were to get into the market – which I then can put back into the…[Read more]
Of course it matters if the property is a sound investment – that is the whole point of the purchase.
I am just remaining cautious because we are on a good wicket at the moment and while we are the lucky country, I do think some area’s are inflated due to the ability of people to negatively gear numberous properties.
Its good to know that people have the same problems as myself.
I have no problem in repaying the loan but I’m starting to become involved!
I will keep you updated on my progress!
I’ve been seriously considering the hills area of Brisbane. I’m probably looking around the 250K mark – which I know is hard to find but there are a few out there. I’ve seen a few places around the 230-250 mark, that need some work, more TLC than anything else, but my objective is a longer term investment which I clasify as greater than 5…[Read more]
I know that it is a good idea in principle but……….there is always that element of risk – should I or shouldn’t I!
It’s a hard decision I will have to make soon…….which brings me back to where I started!
Sometimes I wonder, ‘Is the dream of owning your own home still attainable in this day and age’ and my answer to this is ‘YES’
If you really want something, you make it happen. I think its a little bit of give and take too.
No longer are the days where you worked in the same job for 40 years. People have to adapt to the change, it’s apart of…[Read more]
I have heard reports that Cairns is a beautiful place for a holiday……full stop.
Investment, like the water up there, you must be very careful, but should you tread the water?
It’s a risk but is the risk worth its weight in Gold?
Hmmm….I’ll let you decide that one because it’s beyond a novice like me!
That’s my problem….the legislation is very grey – what is deemed ‘enough time’. I may think its 2 weeks – you may think its 6 months and the guy sitting next to you could say 9 weeks?
It will be my place of residence for approx. 2 months, but is that legally enough? And when you call the freecall 1300 number, to clarify or even understand the…[Read more]
I am only new, and somewhat unknowledgable about this – primarily because I’m lazy in the fact that research while enjoyable isn’t sometimes the greatest of moments. I am struggling to understand but I’m getting there.
I always will believe the phrase ‘what goes around, comes around’. If you are willing to help someone, often the favour is…[Read more]
I plan to live in this property for approximately 2 months – but my work commitments are in Sydney, so this will technically be my place of residence for 2 months but then move out, to work again for 12 months, then move back in for good!
Can I do that????[}]
tankbusterboy replied to the topic Investment Purchase vs. First Residential Purchase in the forum No Subject 16 years, 2 months ago
No, I am eligible to recieve the grant as the property belonged to her father.
My question is, if I do get the grant, what are the conditions before I can have tennants?