leahjthomas wrote:
We are looking at moving interstate from melbourne to NSW at the end of the years and want to know if it is possible to sell here and get a home loan for another house, while still employed here.  or how long you have to be employed in a new position before you can get a home loan

Hi Leahjthomas,

You can either ascertain th…[Read more]

shuffler wrote:
Hi all,Firstly, I would like to say this is a fantastic forum.I have a couple of questions regarding granny flats.I've just bought a house in Western Sydney and plan to build a Granny Flat to create dual rental income. I've spoken with a couple of builders to get an idea of build cost. They have quoted me between $85k and $95k…[Read more]

jenny111 wrote:
Thanks a lot, TFS. I’ll reconsider my strategy about studios. What about regional properties? They also have good cashflow. Are they any better than studios?

Do as much research as possible. I personally would stick with metro areas because it is what I know. If you find a property – send me the property address as we run free…[Read more]

jenny111 wrote:
Hi.
strata cost – did you mean the ‘Body corporate’ cost or is it in addition to the body corporate cost.
The agent quoted the body corp fee was about 2K a year, which seems quite high in comparison to the size of the studio.
And I have a feeling that the body corp fees increase at a much faster rate than the rent.

Jenny.

Yes.…[Read more]

jenny111 wrote:
For someone who would interested only in positive cashflow and capital growth was not on the agenda, would studio still be a good investment? I am in Melb, the studios I’ve seen in the city here are deadly tiny, only around 17sq meter to 25 sq meter. There are larger ones of course, but the price tag is almost the same as…[Read more]

Hi Jenny,

The other thing you need to look out for is strata. Some studios have very high strata costs.

casanovawa wrote:
Yeah i aim to hopefully get it up around $20,000 within several months, but with the money sitting around for a while it has drifted lower a little…  So that is the first thing to get the deposit amount back up…   Then if I could get a 95% LVR that should allow me hopefully to get the ball rolling…  Just have to find out…[Read more]

casanovawa wrote:
I am thinking of getting a property in WA (an owner occupy) within the next couple of months (i have gotten to this point several times but want to do it this time).I am still tossing up between just going and getting a loan and buying an existing place as quick and less headaches, or else getting a package builder (like…[Read more]

kateej03 wrote:
HI Guys,Just bumping this one back up. I just wanted to see for the one I'm looking at has a 16.4% return (not off the plan) with 2 houses being rented for a fixed term. Would borrowing the deposit and stamp duty be ok if we plan to pay off the higher interest loan quite quickly or would it still not be such a good…[Read more]

bjsaust wrote:
Hi, I'm just wondering if there's much competition in interest rates for SMSF loans. When I first took out my loan there wasn't really, so I'm now paying 6.8% from St George. I'm paying 5.82% for my PPoR and investment loan outside of super (different lender). I'm wondering if its worthwhile trying to refinance the SMSF loan (if…[Read more]

janinewool wrote:
Thanks everyone. I think we might put an offer in over the next week or so. It has been on the market just over a month and is a deceased estate so who knows how quickly they want to sell. Anyway I will let you know if we do make an offer. Thanks for the advise.

Hi Janine,

If you need recent sales to back your offer – we do…[Read more]

pbakker wrote:
Thinking of doing a knock down rebuild but not sure about its feasibility. Is this the way to work it out?

Purchase price $150K, 1997
Market Value now, $400K, 2012 – Gain of $250K

Assuming Knock Down Rebuild (KDR) costs $350K

Cost Base after KDR, $500K
Market Value after KDR – $650K…. Very Unfeasible – Gain of $150K
Market…[Read more]

janinewool wrote:
Hi
I have been keeping my eye on a unit close to where I live and it came on the market at the price of $290,000 plus. The open day was today and it looks to be a good reno project at that price however the agent has now put it up to $339,950. Do you think it would be still ok for me to put an offer in at the lower price or…[Read more]

keiko wrote:

TheFinanceShop wrote:

keiko wrote:

TheFinanceShop wrote:

keiko wrote:
Does anyone know how strata title worksI have 600m2 of land and I am building two homes on it and then I will strata the homes.Now the part I am not too sure about is where I put the dividing line, well actually I know where to put the line but i am not…[Read more]

smartcube wrote:
.aim is to own 5~10 properties(Farm/IP/commercial) in 10 years and eventually have some equity i.e. loan free so we can continue to have the same income on retirement to maintain the same standard of living

Hi Smartcube,

Your investment strategy of having 5-10 properties within 10 years is great but also aggressive. You need…[Read more]

keiko wrote:

TheFinanceShop wrote:

keiko wrote:
Does anyone know how strata title worksI have 600m2 of land and I am building two homes on it and then I will strata the homes.Now the part I am not too sure about is where I put the dividing line, well actually I know where to put the line but i am not sure if this is allowedOne home will sit…[Read more]

keiko wrote:
Does anyone know how strata title worksI have 600m2 of land and I am building two homes on it and then I will strata the homes.Now the part I am not too sure about is where I put the dividing line, well actually I know where to put the line but i am not sure if this is allowedOne home will sit on about 250m2 and the other home will…[Read more]

anandd wrote:
Hi Shahin,The vendor died and the surviving party (Estate representative) don't have plans available to get a fixed price quote. And the relationship between the vendor & the builder were not the best and I suppose he didn't get paid which resulted into this builder not interested in talking to anyone. we can't get a fixed price q…[Read more]

anandd wrote:
Hello Guys,Can someone please tell me the best lender for a half built home in Melbourne (eastern suburbs).The original house was suppose to be 'renovated', the owners demolished almost the whole house and started fresh and now it is near lock-up stage but for personal reasons the vendors couldn't continue building so selling. The…[Read more]

Mr Prop wrote:
Hi everyone, relatively new to the Property Forums, just want to gauge what your personal preference is for NG vs PG and why. I know many investors are still pro NG properties and wondered why. TIA

Hi Mr Prop,

The answer is very circumstantial to your situation and also your investment short and long term investment strategy.…[Read more]