Please don’t buy a Brisbane inner city unit, but perhaps consider other areas in Brisbane (you can still buy a house for that). Properties are being snapped up quickly though with a view that Brisbane is the next growth area. Units are becoming over-supplied. The yields are generally better in Brisbane than Sydney/Melbourne, but it is still hard…[Read more]

Please don’t buy a Brisbane inner city unit, but perhaps consider other areas in Brisbane (you can still buy a house for that). Properties are being snapped up quickly though with a view that Brisbane is the next growth area. Units are becoming over-supplied. The yields are generally better in Brisbane than Sydney/Melbourne, but it is still hard…[Read more]

Please don’t buy a Brisbane inner city unit, but perhaps consider other areas in Brisbane (you can still buy a house for that). Properties are being snapped up quickly though with a view that Brisbane is the next growth area. Units are becoming over-supplied. The yields are generally better in Brisbane than Sydney/Melbourne, but it is still hard…[Read more]

I’m doing my best to change this. One house at a time. ;)

As to the clock – volume falling, high demand, some increases in price… 7-8 o’clock for houses, at least. Units are about to have an influx of supply.

MI,

Mount Gravatt East has done well in the last two years. I live here (until tomorrow), and think its a great spot. 9km to the CBD, easy access to two huge shopping complexes (Garden City, Upper Mt Gravatt and Carindale), easy access to the Gateway to the Airport and Sunshine Coast, as well as access to the South East Freeway to the Gold…[Read more]

Thanks Kinnon,

I saw your post elsewhere, sorry I didn’t catch it in time to save you writing it twice.

Bran (of several names)

Nundah, Wynnum and Woodridge?

You almost couldn’t get a more different trio if you tried.

A good place to start is trawling the forums, search Brisbane and read every post.

Hi Kinnon,

Did the Aquis people have much to say?

Yes, insured but have not lodged a claim. Then I will be ditching my $5000/year policy (is this normal!!!?) for something less ridiculous. The claim will help, but it was overdue anyway.

And the extra bedroom might be put to that use, or maybe I will be forced to live in it.

Keep us posted. I will have to visit the area soon, it’s been a long time

Kinnon, it’s been three months, what’s happening in Cairns? Can I quit my day job yet?

(Personal Update:

Last tenants trashed our Cairns house, few repairs and cosmetic refurbs. Agent valued it 35k higher than purchase price, bank valued it 45k under :(

The Mount Gravatt house has moved enough (25% since 2009) to draw down the equity and pay…[Read more]

I’m far from an expert, but if it were me (and as I said, it pretty much is), I’d keep saving as you are with a view to paying out the debt. Then put the equivalent of your credit card payment plus your savings amount into your growing deposit, then buy once your deposit is enough, ie snowball your credit card payments into your savings.

I’d…[Read more]

Djcrossy,

Your position is somewhat akin to mine, whereas I had no injury, I racked up an enormous debt in the last year self-funding some overseas training. Given this is now at a cost of 10% interest p.a, I figure that paying this down is a guaranteed 10% p.a. saving. My experience with 2 properties is such that I’ve never achieved this return…[Read more]

Ha ha ha. Exactly. I remember having the same idea as a youngster. I figured I could get a free cash injection by using one credit card to pay the other for eternity.

And what Pete is saying, is that this 20% applies from day 1 – there is no 55 day interest free on a cash advance (to my knowledge)

Can your business buy the house and rent it to you?

Can someone help me decipher the wording here? Am I correct in interpreting that that a 2.4m ‘driveway’ is required, which then must service at least 10m of the (rear) block? Does anyone know how close this driveway might run to the existing garage wall and/or neighbouring fence?

“Battle-axe low density allotments shall be permitted providing…[Read more]

Thanks guys – will do