hajda wrote:
I have now spent a bit of time looking at Kallangur. Tysonboss1, having grown up there, I would love to hear you describe what you think Kallangur has going for it over the 10 years… There is definitely a few there in my price range – I will probably organise to view a few later this month when work calms down.thanks in a…[Read more]

I don't think that the northern brisbane area growth is a bubble that may burst I believe it is a constant surge that my slow and speed from time to time, but the fundamentals pushing the surge are better than anywhere I have seen in australia,… ever.

Dream3r wrote:
there could be a reason for  the early settlement  if you are planning to fix the current interest rate. I know with some non-bank lenders they won't lock in your interest rates until settlement . If settlement is like 3 months away, the fix rate is probably higher with more increases expected.

I agree in the current climat…[Read more]

mmmmmmmm,…… Jennifer

I am so sick of these threads,….. It seems every week some one reads that book and posts this same post, wanting us to unlock the secret of positve income for them,

I definatly recomend north brisbane suburbs such as Kallangur, Mango Hill, Petrie and even a bit further up the bruce highway such as caboolture, I have bought alot of property in these areas, I live and work in sydney now but I actually grew up in Kallangur so I know this area of brisbane well.

I agree with the comments above,… unless the property is positve geared why would you want to settle early so you can start losing $50/  week earlier.I would want to delay settlement 

You would have to form an opinion on the likly hood of future growth,…. to break even you will probally need the property to go up in value by $6500 per year to  cover the interest and the rates and other holding costs such as slashing the grass,If you believe that this property will grow in value by more than $6500 then you could keep it as an…[Read more]

longroad wrote:
My budget isn't really showing me many houses though, only really rundown places which I dont have the budget and know how to fix up. Also dont want to be doing that on the first house I buy, it just doesnt interest me yet.How about townhouses where there are only 2 on the block? Compared to a block of units it has to be a better…[Read more]

One thing I caught from your post was that it seems you are paying priciple and interest repayments on your investments while you still have a debt on your Own home,…I recomend you put you investments on interest only repayments and put the extra money of your home loan because that loan is not tax deductable so you should want to pay that one…[Read more]

I think wyong shire on the central coast has alot of great suburbs for investing,…each suburb or town on the central coast has its own strenghs and weakness you really have to research each suburb separetly,…as a whole though I think the future growth of the central coast is assured.

tess85 wrote:
Thanks all for the advice. I'm a little nervous about dipping my feet into the property market as I have only been involved in share trading. I'd have to sell most of my shares/managed funds to invest in property. Ideally I'd like to own a PPoR and IP but I don't want all my eggs in one basket, I still want to maintain an exposure…[Read more]

you will have quite a bit of equity in the PPOR and you can use this equtiy to get the loan for the IP rather than a cash deposit,as long as the total "loan to valuation ratio" doesn't go above 80% you shouldn't have to pay mortgate insurance,…but still having said that I wouldn't let paying mortgate insurance get in the way of investing,….…[Read more]

Handy Andy wrote:
I think you could almost do both….buy your PPOR, then access the equity again to buy your IP..good luck!!!

Andy does have a good piont,… with such a large deposit you could by a modest home then use the equity to by an investment.Be sure to use the large deposit against the home though as that loan isn't tax deductable…[Read more]

Another thing to think about is that you said you have no money to invest but you wish to start investing,why is it that you want to invest in the first place?why don't you have any money?I think before you start to invest you need to find out the real answer to these to questions.

If you enter into a wrap aggreement you will be paying more interest than you would be if you bought it and loaned the money from the bank, for the simple reason that the investor has loaned the money from the bank to buy the house for about 8%, so he will want to charge you 9% or 10% because the interest margin ( the differance in the interest…[Read more]

 deppro are good,….

As Jonchu said Its is a very personally question,I myself started investing in property when I was 21 and am now 25 and own a fair bit of property, But even still I am still renting.The main reason's I rent are that I have always moved around a fair bit so I haven't been in a postion where I can settle, and also I have always invested mostly in…[Read more]

I forgot to mention If you have to fill up with unleaded,….. look for suppliers selling an ethanol blend,…..It's cheaper, cleaner burning than regular and good for the aussie farmers,

Are you talking about the 6 one bedroom units that have been on the market for about 2 years,