I think it is time for a new PM if this continues!! I have a feeling though that one less property for a real estate agent is peanuts to them since they are only taking a small percentage of the monthly rent

amil wrote:
Sure does help – thanks again Breammaster. Are prices for these type of spec apartments usually fixed or negotiable?

They are usually fixed, and because people are always interested i dont think they need to lower them. Definetly do some research into their other project though and see what other people in the forums think of the group

amil wrote:
Breamaster – thanks for the guidelines.Have you heard anything about the Azzura Group and the deals they offer?

No probs. I've heard from a developer that the azzure group are quite good. But thats only one person. I know they have a development about to go public which will be one of the biggest developments in surfers paradise.…[Read more]

Scott No Mates wrote:
BreammasterWhat sorts of costs are there on the holiday rentals? Cleaning, letting fee, management fee, & how are these determined/rates increased?SNM

i dont use holiday rentals cause i find th return with a long term tenant is higher. Not sure on exact costs but the return was on average $20 less per week for the entire year.

perryjudd wrote:

Breammaster wrote:
1)I have a unit in surfers paradise which achieves a rental yield of 8.5% based on a purchase price of the unit, but based on the loan amount its actually 9.5% yield. We bought this apartment this Feb 2007 so its just before the mini boom in gold coast prices. You can still get the same apartment for about…[Read more]

pirate wrote:
hi – excuse the ignorance but could someone help explain:1) ignoring capital yield, what % rental yield would a person seek when searching for a potential ip? if in the current market the cost of finance is approx 8% ? i assume anything less than this would look unfavourable.2) following on from question 1, assume then we accept…[Read more]

Im 25 so im just a newbie:*1 PPOR – Bought $325K Inner west suburbs – bought 2 months ago(Value would be much higher now since no new townhouses going under 350K in Melbournes inner west*1 IP – Bought 175K in Feb07 – Valued 190-200K in surfers paradise

We havent done anything to the property but looking at what has sold in the past two months in the same building, it has risen between $10000-$20000

If after 4-6 months they allow us to use the equity, can i access the equity in any way to pay for purchase costs of another property which we would get finance for through a different lender.

i live in melbourne. I havent invested in melbourne thuogh because its too expensive. My investments are interstate and i dont wanna invest in properties over 150K since im just starting out

95% ?

Port pirie ? for 100%. lol. u must be getting sick of me asking

Qlds007 wrote:
8.2% variable

me and my partner have a combined income of ~80K per annum. Would we qualify for this. We also have a rental income around $1100 a month

Whats is the cheapest interest rate at the moment on a 106% loan for a place between 150-200K

Would this be a 100% loan from another bank?  Would we be able to touch the equity to borrow money for things such as stamp duty, legal fees etc and get the 100% from another bank to pay for the investment property.would Churchill in latrobe city region be available under a 100% mortgage. You mentioned earlier that morwell was. Churchill is…[Read more]

To use the equity in our current investment property do we need to use the same lender we used for this property? I was told that it was unlikely that our lender for this property would lend us money on basis of our equity in our surfers paradise apartment. It settled a month ago and they were hesitaant to lend us over 85% at the time due to the…[Read more]

Dont mean to sound like a noob, but what are the effects of a interest rate rise besides an increase in repayments for home owners. I ask because in steves recent newsletter he says that the forecasted increase in interest rates shows that the property market is about to boom again.

What would you mean by post code restricted? I was thinking of regional victoria or nsw. Some places that came to mind were Ararat, morwell and taralgon

what is considered a large country town in terms of pop size?

So is anyone able to tell me areas worthwhile for under 100k ?