A friend has a flat in backyard they rent out and doesn't want a criminal living there.

Are you worried about risk? Why have you just saved 160K and not got it working for you? I'd be buying my own home (unless you live rent free with family or something). I would look for a comfortable cheap home, so not to borrow too much more on my ppor. Then I'd borrow more to buy investments. That's an easy one!

I dont have experience investing there but my understanding is that Chinchilla has risen a lot in the past due to mining, and both Chinchilla and Dalby have substantial mining projects both underway and planned.Personally I would be wary of small towns proped up by mines. If those towns have other major industries to support employment other than…[Read more]

I would think about strategy. If you buy an investment and hang onto it for the long term, then it doesn't matter if the market melts down. Pick a house in an area with some guarenteed rentability, good location, transport, schools, shops etc, then ride the waves. Also if your first investment is positively geared, then you have some cushioning…[Read more]

It will pay dividends in the way of leveraging you into more property. You haven't mentioned if you own your ppor or not? I think this would be an issue because if you dont own your ppor and have a negatively geared investment, this means you will take much longer to pay off your ppor, which has no claimability, as your money is having to prop up…[Read more]

Yes I'd think it was very bad debt, as it may be some time before you can get a deposit/loan, I'd be addressing the issue of how I managed to spend such a large amount of money on credit/personal loans especially if it was on material consumption (disregard of course if it was a matter of urgency/critical situation). I would think about putting…[Read more]

Richard, what about adding a name. If I was to add my husbands name to the title? Does that cost?

Thanks for that info. You learn so much as you go along and strategy changes. I always did plan to sell it and I guess if I set it up that way, that is just what I should do.

goosehead wrote:
Doesn't the DS come in to count when you sell the property buy 'lowering' the purchase cost for CGT calculations?

This is what I thought, you end up paying more CGT if you sell but Tuggerwaugh wrote in a post above the following: ' It does not get cut from your selling price, instead you claim a depreciation for tax purposes…[Read more]

So can someone explain to me about street rating? Does it mean that if it's 0 rated, then it's the cheapest house in the street? Are the values representative of the actual price of other houses in the street?Also in regards to sales history, is the upgraded sale price, the price the owner paid when it was last purchased?

I disagree!Ipswich is a great place to invest depending on strategy. The area is rapidly growing, major investment in the way of infrastructure and employment opportunities. Amberley will be become a mega base and citiswitch will bring huge employment opportunities as well as the Ebenezer Business park. It will become to Brisbane what Parramatta i…[Read more]

What do you all think about investing in Mildura now in 2009? Apparently the worlds largest solar station is planned for the area. It's obviously a plodder area, wonder what vacancy rates are these days?

Shivers Yeah, you have been ready for a while with 77% ownership. Just make sure you find an IP which has good rent and rentability. Do your maths and what Miike said factor in some interest rate rises but I'd be going for it.

Are you looking at Brissy cause you want to move there? You'll be flat out finding anything 10km from city with that budget that wouldn't need work done. What about along the train lines out to Ipswich or Caboolture? Ipswich is booming, so much infrastructure being put in place. I am currently trying to decide myself. Goodluck

I guess the other thing that concerns me is that if I was to rent the house on the block out, would an unapproved home be insurable?

Thanks for your help. So what do you think it would cost to demoslish a 3 bed house or the costs to have approved. I'm wondering so I know what offer to put in on the property.

The house is 3 years old, owner builder. It is on a large acerage in the country. It doesnt matter to me that it's not approved as I am after the land not the house but I was concerned that when/if the sale goes through the council may somehow see it's not approved and want the approval done and concerned if it will turn into a heart ache I should…[Read more]

Thanks for that!

Yes I would think that for your price range, Logan would be the best bet. Easy access to Bris and Gold Coast, freeways, train links and facilities galore.

velohead wrote:
And re water, I assume that sewerage is also the owners reponsibility  ?Is this correct ?

Sewage will be covered in rates.