Hi cuteyoungchick,This is why everyone must do their research.  These are not recommendations.  Not by a mile.  I only put them here so newbies can know for themselves that high returns are possible but they must do their own research.  No one can do this for them.  I'm sure this forum is about education. not spoon-feeding.Take care.Angel

Hi RobbieP,The FHOG is also only available for first time home buyers who will live in the property, not for investment property.It would be kind of difficult to prove you're living in it if you're working in Sydney and the property is in Timbukto, if you get my drift.I can certainly relate to your eagerness to get started.  Never a dull…[Read more]

Hi Larry,Indeed, Larry, you would be paying interest on the additional loan of $36K.  So hopefully, you would be wise and purchase your next property with a minimum 8% net return.  Let's work on the above scenario you supplied:  You now have $36K as a deposit for your next house.  For the sake of the exercise let's pretend you want to buy 59 Dou…[Read more]

Hi,Here's more:15 White Coonabarabran, NSW.  Duplex.  Asking: $125K.  Gross return 9.77%or $250 pw.  Agent Rhonda Wark.  042742277787 A and B Baron St., Cooma NSW.  Duplex.  Asking $225K.  Rental $340 pw.  Agent Shannon Fergusson 0429 788 1433 Moore Place, Warrawong NSW.  Dual occupancy.  Asking $349K.  Currently rented for $19,240pa  Long term te…[Read more]

Hi Crusty,You are a genius.  You have helped a lot of people with your analysis.  Here's why I won't invest in Mildura.  There are tonnes of houses for sale which triggered alarm bells ringing in my head.  Why?  I asked.   When I saw a snap shot of how many houses are for sale in Mildura, I was alarmed.  There has to be a reason why people…[Read more]

Hi Saybalebay,Here are more suggestions.  Please understand these are not recommendations.  I just trawled to net to find properties within your $300K budget and has income.6 Strickland, Wagin WA 6315.  Three units (3×1).  Asking $310K, income $390pw.  Agent Carole Drayton 0427 611 265.10/102 Pepermint Way, Peaceful Bay, WA. Strata Lot 10 has just…[Read more]

Hi Larry,You pretty much have the right idea.  Your equity can equate to being your deposit.  However, in the example you gave above" if i have a house that is worth $400 000 and I have paid off $200 000 of the loan that means I have $200 000 in equity. So then I can borrow this money and add it back to the original loan right? So i would then…[Read more]

Hi Lucigoosey,I'm bias towards houses.  Having had both, I'm partial to houses as the on-goings costs is slightly less.  Strata fees and corporate sinking funds can be a deal breaker.Bless you.Take care.Angel

Hi Saybalebay,I have been trawling the net parts of Saturday and Sunday, yeah, this is what I do to pass the time.  I have found some very interesting properties – so just to get you started – here are some of them.  NOW, PLEASE KNOW THESE ARE NOT RECOMMENDATIONS.  This is just to give you some basis to exercise your ability to analyse de…[Read more]

Hi Nicole,Australia needs people like you.  Happy homecoming in advance.Welcome aboard.Angel

Hi all,Ryde, Sydney. Dream suburbs — — —  Beecroft or Cheltenham, yes, I live here in my dreams.Most likely destination for retirement, big acreage with a tiny house in the Blue Mountains.Angel

Hi RobbieP,I'm glad in those instances you have determined it is life you're offering.  It is important that everyone wins.  We all have to earn our good karma.  As everything in life, it is always the sleep test.  If you go to bed at night knowing in your heart you helped someone out, then you know you have done a good thing.Carry on, mate.Angel

Ho NOS1,It's likely you don't need to know the answer as you may have likely bought already … or not.In my opinion, it's a good place to invest in, in that it is trending upwards by double digit.  I'm sure about rentals as I haven't checked this out.Angel.

Hi Reere,It is very noisy but I've been told people get used to it.  At some point, they learn to sleep through the aircraft noise.  This is the link to the flight path  http://maps.google.com.au/maps/ms?msa=0&msid=105686047848531438589.00046881acd1e03708602Hope this helps.Angel

Thanks Chris W.,I'm nearly there.  Currently, negotiating to sell one asset in Sydney.  Thanks.  Will be in touch shortly (I hope).Angel

Dear Insamesy,I have a hunch the IP in Cairns is a unit.  Am I correct?It is hard to give any recommendations or advice because we don't know the full picture.  However, if I were you, I wouldn't sell the Townsville property as it is now close to being positively geared.    Eventually, it will give you something back.If I were in your place, I wi…[Read more]

Hi larrytheinvestor,Go with Scott, trawl this forum.  mine the golden nuggets of information.All the questions you've asked, have been answered in the past.Happy start.  AngelPS  you're parents should be very proud of you.  You are a great Australian.  Bravo for thinking of serving your country.

Hi RobbieP.The scenario you presented demonstrates two realities.  Offering a significantly reduced price of $200K and advising the seller it will sell faster is legal.  It is legal.  All information was disclosed.  But is it moral?Personally, I have never offered deliberately offer a low purchase price on account of a seller's hardship.  Why?…[Read more]

Hi,The previous sale price can also misrepresent the true value of a property because it does not reflect costs of renovations (if the property has been renovated). It also does not show cost of fixing up any building (mis)compliance.  It does not reflect changes in zoning, changes in demographics, etc which we all know affects property prices.I…[Read more]

Hi RobbieP,I use the following – http://www.domain.com.au – click on the property report tab at the top of the pagewww.onthehouse.com.au and http://www.refindhouseprices.com – these I discovered while reading some of the posts here.www.realestate.com.au – go to sold prices tabI don't pay for reports.  I just go to all available sources and make an educated…[Read more]