Bek,Send me the details if you like and we would love to have a look at it. Cheers, Chris

Shel 25,First of all you need to check with local council as to the zoning of the property. Although it is 2 aces that does not neccessarily mean it can be subdivided. Start by contacting the the council and asking a town planner as too the neccessary requirements in your area for subdivision. Cheers,

Thanks bardon,I will be sure to check it out over the next few weeks. Good luck with your investing.All the best

Handy Andy wrote:

Bossdog wrote:
Any ideas about positive cash flow or growth properties in other areas of QLD. Any recent stories please. I will be headed up there over XMAS to Brissie and Noosa and Toowoomba. Any suggested suburbs/properties to look at? Cheers

I really think you almost need to go rural for cf+….OR, add grany flats etc. to…[Read more]

bardon wrote:
Sippy Downs is performing well although not CF+ve and defintely worth a look if you are going to Noosa. Rent very strong good long term tenants as they want in the school catchment

Thanks bardonI will have a look when we are up there. Have you invested there before?

Anrobel wrote:
Hey Bossdog … send me your email and i will forward a report re growth areas QLD

Thanks Anrobel. I have sent you my email many thanks.

Any ideas about positive cash flow or growth properties in other areas of QLD. Any recent stories please. I will be headed up there over XMAS to Brissie and Noosa and Toowoomba. Any suggested suburbs/properties to look at? Cheers

You may have to look at a low doc or 100% finance loan. Rates vary between 8.8-10% variable at the moment.  There are number of second teir lenders at the moment who may look at it. You will probably have to pay mortgage insurance though as you'll be highly geared. Seek your own advice though.Cheers

Thanks

Belinda,My partner and I are in Sydney haven't bought yet. We both rent with high disposable incomes.We are both entitled to FHOG and Stamp Duty concession, and we tend to agree that it is better to build an asset column rather than be mortgaged to the hilt with no tax deductible interest!I agree that your investments also need to be + geared.…[Read more]

crashy wrote:
Im not in Sydney so Im only going on online gut feel……Sydney as a whole I think is the most undervalued city. There is obviously a tipping point* as you head west and I expect that point to move west as the eastern parts move up in price. geez I hope that made sense. where exactly that point is I dont know. But I think if you…[Read more]

crashy wrote:
I think you will regret it if you wait to buy as prices are on the way up.

Which area/ state are you referring to? Prices are down in our area (Western Syd), and have been for six months or so. In talking with local agents there seems to be no rise on the horizon, especially if there is another rate rise.Thanks for your input.Chris

Thanks Simon,Whilst I realize we get FHOG for an Investment property, Stamp duty exception is worth approx 14 k for us. Given this  and FHOG is worth 21k It makes sense to use this assistance with a Sydney HL as it is going to be a higher debt. We are wondering if  we should buy a home in Sydney if this is a  "true buyers Market" now or wait wh…[Read more]

Hi Guys,Do you think it's better to buy a first home now (Sydney), save rent, & use the FHOG now given the current flat (buyers) market or purchase positively geared investment property first and miss out on FHOG? My gut feeling is too hold off , till election , see if FHOG is doubled, and in the meantime explore how to build asset column, and…[Read more]

I think it's a great idea. Will get my vote!