Queens Park is a good spot to buy… what did you get? March settlement thats a while away might value higher than 40k more!

Couple of years ago you could get a house in queens park for 120k… ahh i remember theose days hehe Far from it now!

I’m actually not sure I even believe in Generation Y… The generation after me (My brothers age group, 18) should be called the Mcdonalds Generation coz they are all fat, greedy and have no idea about how to look after themselves.

-I am not fat and greedy!!! (and I know how to look after myself thankyou very much!) hehe [biggrin]

Hi myoung

(yeah Monaro owner & love it!)

I have just purchased a 3 bedroom house in Queenstown (for 79k) with a tenant paying $120 per week on a 12 month lease. The place was built in 1996 so can also claim depreciation.

I went down there for the weekend a few weeks back and there is some good opportunities down there.

People are happy to talk…[Read more]

IMHO Perth is still growing well, not as strong as it has in the past 3 years but if you look at the past 20 years it has continued to go upwards. I have 2 propertiesin WA, in Duncraig and Wembley and are going well. I feel Perth is a well kept secret – both to live and invest.

You will have to look carefully to make sure you get the right deal…[Read more]

IMHO Tassie is a great place to buy.

Just bought my 3rd IP down there last month for 79k renting for $120 a week. Have look at realestate.com

I went to Queenstown, Zeehan, Devonport, Launceston… Tassie is a beautiful place. Personally wouldnt buy in Zeehan but Queenstown is a nice little place. The town has been there for over 100 years its…[Read more]

Interesting points… would be good to hear from anyone who has property there…

??? anyone ???

[cap]

hrmm

well thanks for your reply anyway haha

-but where else can you buy +ve CF properties in Australia for 50-60k???

[cap]

Steve

How many tickets were sold? I.e how many people will be going to this event?

Thanks in advance

Luke

[cap]
Tip: Make sure your ‘team’ -ie your mortgage broker, accountant, solicitor, real estate agents etc KNOW what your plan is and that if they want your business they need to work together with you towards a commom goal. My ‘people'[biggrin] know that I have huge goals and are willing to help me get there.
[cap]
Tip: Buy thousands and thousands…[Read more]

21 degrees… *freezing*

hahaha

-funny-

[biggrin]

L.
[cap]

Keep saving lil dude

once you prove to yourself that you can save you will be ready to go when you turn 18, the bigger deposit you have saved the more property you can buy!

You will need a job too to service the loan

Luke [cap]

hehe im 23 and im over my job and career!

I just want the CHOICE as to weather I get up and go to work every day. Theres nothing to say you cant have a job because you WANT one, but wouldnt it be nice to go to a job because you are financially secure not because you NEED your job to pay the bills…

Im out at 30, thats my plan.…[Read more]

True, would be nice blocks im sure, but definitly a LOT more you could do with that much dosh

10 properties for 50k maybe? [biggrin]

Or if I had that much Id grab a 4×2 in Quinns for 250k and a couple of units -one in Wembley, and one in say Maylands or even Bayswater…

Just a thought…

Luke [cap]

OK a bit slow to respond here, but I rent in Sydney and have purchased in my home town of Perth. I share a house with 3 other people and pay only $70 a week! -Who said it was more expensive to live in Sydney! HA![king]

Same with me, if I had to buy in the suburb I live in id be living in a drain too! And my big screen tv wouldnt fit there!…[Read more]

Terry

Are you going to this?

Is anyone else going?

Luke [cap]

Cant really comment on that, it all depends on what your long term strategy is…

Mindarie will always be unique in its location and its layout. Most of the newer blocks (last 5 years) have covenants on the land as to what you can build so the quality of the area is of a higher standard in general.

What size are those blocks for 500k?

When I…[Read more]

I agree sizzling_duck

Saving 10% is a minimum. I am now saving 15% of my gross income into an account paying 5.25%pa…

As for the credit cards, I have one with a $1000 limit on it with ANZ. I agree with using them for reward programs etc, as my $1k balance is easy to control, and have put around 200k through this card in the past 5 years which…[Read more]

Screamin

What are your thoughts on the cheaper houses, say 60 – 80k and the suburbs they are in?

Luke [cap]

I presume he is a good tenant. I bought him with the property [biggrin]

Hes an old guy, and has been there for a few years. Im sure he would be happy to move if I helped find somewhere (ie in the same complex) and helped him move out. Hes defintely made it his home. (I couldnt live there) Not a great deal of work I could do there with him living…[Read more]

Can you elaborate on the bit about the ATO?

From my understanding, any property you buy, and renovate you can claim the renovation costs back. The reason for the renovation is both:

-the capital gain (2 bed renovated units in this street / complex have sold recently for $135 – $165k) I bought mine for 115k…

-and secondly the rent. Similar…[Read more]