[tess85Member@tess85Join Date: 2007Post Count: 48]

February 17, 2010 - 2:56 am

I find that there isn't as much discussion going on this forum. To the OP, you might want to consider posting on Somersoft forums, there's lots of like minded property investors there.

I just purchased 2 IPs, both through buyers agent.

I'm pretty happy with the end result. On one transaction, the BA secured a property for me that was $40k below market value (bought at a bank sale), which makes the $5.5k fee I paid to the BA worthwhile.

On another transaction the BA was able to assist me with a bit of a specialist purchase (house + granny flat) in an area I wasn't familiar with. I think it was money well worth spent.

Also, I'd personally be wary of posters with only 1 post who spruik their product.

[tess85Member@tess85Join Date: 2007Post Count: 48]

December 14, 2009 - 1:47 am

Ah! good point. I was looking for a 1 solution point-and-click method and couldn't see it… still can't… looks like you have to go to the "My Inbox" link??

[tess85Member@tess85Join Date: 2007Post Count: 48]

December 10, 2009 - 5:18 am

Hmm I've just realised it's impossible to private message someone on here! grrr.

Miccalady I will send you an SMS.

[tess85Member@tess85Join Date: 2007Post Count: 48]

December 10, 2009 - 4:11 am

Yeah, the assignment says she gets paid $3 for doing this. See here http://74.125.153.132/search?q=cache:vr5yfRuBaTAJ:www.shorttask.com/task.php%3Fid%3D33085+Tane+Taiaroa&cd=2&hl=en&ct=clnk&gl=au&client=firefox-a

I think Angie would benefit from doing some PI herself!

[tess85Member@tess85Join Date: 2007Post Count: 48]

December 9, 2009 - 11:47 pm

tess85 wrote:

(long-time lurker but first-time poster…)

scored 428, pretty happy considering my age (22). Mind you, when I use my hard earned deposit to buy my first house, I'll probably be in the negative.. eek!

2 years later, at age 24, I scored 1201

Feedback: Wealthscore is a useful tool to keep track of my progress, but I don't agree with the results of the calculation that say as salary goes up, wealthscore decreases. Personally when my salary goes up 10 or 15% my expenditure stays exactly the same (I am a very diligent saver), so if anything, my wealthscore should go up, not down, when I get a payrise!

[tess85Member@tess85Join Date: 2007Post Count: 48]

December 9, 2009 - 11:38 pm

My accountant is based in Campbelltown, he has 19 IPs and is very property savvy. PM me if you want any info, I don't want to post his details online and be accused of spamming!

[tess85Member@tess85Join Date: 2007Post Count: 48]

December 9, 2009 - 11:25 pm

Angela you have already been busted on the Somersoft forums for being PAID to provide these advertisements
http://www.somersoft.com/forums/showthread.php?t=57932

Do these instructions look familiar to you??

Instructions: Find 20 Real Estate related forums and post the Ad (copy and paste) title and description below only once in each forum…….Upon completion of task, Please send us the url links to all 20 forum post in order to be paid

STOP SPAMMING PROPERTY FORUMS PLEASE!!

[tess85Member@tess85Join Date: 2007Post Count: 48]

October 26, 2009 - 11:44 pm

Thanks all. I think we'll go for the no LMI option. We're still young so our incomes are still going up – should be able to save up another deposit easily or pull the equity out from our PPOR and refinance.

Cheers!

[tess85Member@tess85Join Date: 2007Post Count: 48]

September 10, 2009 - 12:57 am

Thanks Mike, very prompt work. Much appreciated

Tess

[tess85Member@tess85Join Date: 2007Post Count: 48]

December 4, 2008 - 6:13 am

^^ what stumpCam said is correct.

a $1M property, whether it is your first or 2nd, in NSW, will always cost you stamp duty…

The first home owners reduction on stamp duty applies for first home buyers where property value < $500k. (and the reduction is phases out between 500k – 600k)

[tess85Member@tess85Join Date: 2007Post Count: 48]

December 1, 2008 - 5:26 am

hmmm… welcome to the forum… 2 newbies with positively glowing posts on Network 21 and nothing to contribute about PROPERTY INVESTING.

Spam, much?

[tess85Member@tess85Join Date: 2007Post Count: 48]

December 1, 2008 - 5:04 am

how about checking out the link depreciator.com.au? I know a few ppl who have used them.

[tess85Member@tess85Join Date: 2007Post Count: 48]

November 18, 2008 - 1:36 am

have you visited the site lately?
http://www.onthehouse.com.au/sold_info/

info used to be free, now is $5 per year.

[tess85Member@tess85Join Date: 2007Post Count: 48]

November 18, 2008 - 12:47 am

^^ that's a great option for $5 per year. But doesn;t have really old data. Thus, try Residex reports if you don't mind forking out.

[tess85Member@tess85Join Date: 2007Post Count: 48]

November 18, 2008 - 12:40 am

brokers, feel free to correct me if i'm wrong but I think westpac has a 85% LVR package with no LMI? this might be an option if so?

[tess85Member@tess85Join Date: 2007Post Count: 48]

November 11, 2008 - 3:37 am

hmm, I personally wouldn't buy the block of land as you make no income from it. It's great that you want to start somewhere though ,what is your budget? if you tell us, we might be able to think of something?

[tess85Member@tess85Join Date: 2007Post Count: 48]

November 5, 2008 - 4:00 am

was the loan a joint one or not? If so, I am surprised that one of you could fix the rates without the knowledge of the other.

Well, what's done is done. how much does it cost to break? – just call them up if you don't know. it may be cheaper to break now than after the next round of rate cuts!

[tess85Member@tess85Join Date: 2007Post Count: 48]

October 22, 2008 - 12:38 am

For Free data: I go to the domain website every week to download or peruse the latest auction results.
http://www.domain.com.au/Public/weekinreview.aspx?cid=AuctionResults

I look up specific postcodes here: (recent sales over the past week)
http://www.homepriceguide.com.au/auction_results/index.cfm?source=apm

If you don't want to have to check the sales every week, you can use the resources on http://www.onthehouse.com.au – although data is not guaranteed to be complete.

Otherwise you have to pay for the data from Home Price Guide or something similar.

[tess85Member@tess85Join Date: 2007Post Count: 48]

October 21, 2008 - 1:57 am

Now I remember why this topic was so familiar to me (read about it recently on another property forum)

http://www.somersoft.com/forums/showthread.php?t=45716

[tess85Member@tess85Join Date: 2007Post Count: 48]

October 21, 2008 - 1:54 am

long-term CG in unilodge-type accommodation is not great. Have you checked out the price history?

Also, another point to consider, the studios are tiny (< 50 sqm), some lenders may not lend to you due to their small size?