Sounds like a good idea and I think a separate forum is needed for this.

Pin, I’m also interested in your proposition that you mentioned in the 0-130 Properties in 3.5 Years forum regarding “Valuable info for Newbies”.

akyboy

quote:
G’day Ackyboy…

Anywhere in Aussie…I will sit it out and buy better around 2005, Canberra included.

Hi Bill,
I’m a bit confused by this reply. Are you saying that good property deals exist anywhere in Australia or are you saying that you wouldn’t buy anything now and would wait till 2005?

akyboy

G’day BillfromOz,

Thanks for the info.

My/our strategy is not for quick gain, rather for something that is neutral/positively geared which could reap rewards in the long term.

Given your information, I think we will steer clear of Canberra.

And the gold question, where should we be looking? []

akyboy

Hi luckone,

No, I haven’t, but now that you mention it, I will definitely look into to it. Are there any drawbacks from using deposit bonds?

I believe stamp duty is payable on settlement, which is in 12 months.

akyboy []

G’day Westan,

> what is your goal with this deal ?

Primarly goal is for captial growth with hopes of “flipping” the property near settlement. However, 3 months before settlement I will have to reassess and see if it will be profitable for me to build on this land – maybe 4/5 townhouse or duplex’s.

> how much does the land cost you to own.

The…[Read more]