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  • Profile photo of bethster1980bethster1980
    Participant
    @bethster1980
    Join Date: 2007
    Post Count: 4

    Hi Engelo,

    I live near Mildura, still fairly new to the area but personally, I'd really want to check out the area thoroughly and get a really good deal because the problem with Mildura is there is alot of land, ALOT. New estates popping up everywhere and house and land packages up the whazoo starting at $189,000 (I think). There are alot of houses for sale here and you can buy a brand new house for what people want for their 20 year old house in a more established area, but not necessarily more desirable area.

    The best estate in Mildura is Ularara off riverside rd/ave, established houses really anything between 8th and 15th west of deakin ave.

    People are saying that Mildura will boom, the population and facilities are increasing and with the rain I think things are becoming more positive….not counting the poor farmers current ruined crops thanks to the rainfall.
     Another thing to consider is the Murray/Darling report and the possiblity of 35% decrease in water allocation, if this goes ahead there may be serious ramifications to the growth and productivity of the area.

    Hope this helps :)

    Profile photo of bethster1980bethster1980
    Participant
    @bethster1980
    Join Date: 2007
    Post Count: 4

    Catalyst and Richard,

    Thanks for your replies; you've spelt it out  in my simple mind ;) Now just a million other concepts to get my brain around!

    Cheers,
    Beth

    Profile photo of bethster1980bethster1980
    Participant
    @bethster1980
    Join Date: 2007
    Post Count: 4

    Hey Joel!

    Great job! I'm also curious about the financial details. How long did it take you to do? How much did it cost to do the resin bench tops in the kitchen? I'm interested in the comparison between purchasing new laminate bench tops and having them professionally sprayed; I'm guessing you didn't do those yourself? Did you pick the hire furniture out youreslf? Or did a consultant do it? Goodtaste ;)

    I have dreams of doing this myself one day.
    All the best
    Beth

    Profile photo of bethster1980bethster1980
    Participant
    @bethster1980
    Join Date: 2007
    Post Count: 4

    Hi guys,

    Let me get this right you suggest it's best to keep all IPs seperate and not use the equity in 1 property to purchase another, to go with different borrowing institutions and get loans based on your income alone? I too am new at all this and have just moved out of my PPOR am renting it out now and looking to purchase a new IP soon. I earn about 120k a year so it shouldn't be a problem getting another loan to purchase the new IP.

    Cheers,
    Beth

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