Adam,

I think you mean Southport in the Gold Coast, there is no Southport in Brisbane that I know of,

If it is Southport this is a great area with good growth potential but as an off shore buyer you risk paying to much.

I was there last week from Melbourne checking out some property, I strongly suggest you hire a buyers advocate to represent…[Read more]

quote:
Hi there,

When buying off the plan, the common trend is to use deposit bonds, so that your deposit is not tied up for 18 months etc until completion of the building project and subsiquent settlement…
It’s another way to keep your money in your pocket longer. Use the deposit bond instead of your own cash for the deposit. It costs…

[Read more]

Given this is your first investment property Im assuming you are wanting cash flow, may I suggest that 2 townhouses will spread your risk. My neice recently purchased a beautiful townhouse on a decent size block of land for $150K in Labradoor Queensland.

Good luck!!!!

state trustees sites are usually the best place, good luck

As a mortgage broker myself, I know the bank has a duty of care to fully indentify by way of documentation i.e passport, drivers licence etc anyone trying to borrow money or take out a mortgage.

I would suggest the bank is at total fault here and your freind shouldn’t have too much to worry about. I would hope thier solicitor as already taken…[Read more]

St Kilda is a great growth area (next melbourne Bondi I believe) Get online each saturday Melb Age and check out surrounding prices to make sure you are getting a good deal.

Or jump on a plane and make a quick trip if you are seriously considering buying it will be worth it. The price sounds reasonable…

local St Kilda resident

Bruce

If this is an inner city apartment then you should take note that there is currently what people are considering an over supply. I think the property you are talking about is Market St.

I recommend you access the age online each Saturday and check out real estate prices, also the reiv site will give you valuable info on vacancy rates for…[Read more]

The most tax effective strategy would be as follows

1.Establish a line of credit on your home and put in all surplus money and savings you have.

2.Make sure the LOC has sub accounts so that you can keep your personal mortgage seperate from you surplus funds that would be used for investing.

3.find a suitable investment property (hopefully cash…[Read more]

[]Hey Daniel,

Given your very first investment property is cash flow negative (congrats by the way) a strategy you could look at moving forward is to get creative and purchase some with a positive cash flow.

Be mindful when purchasing cashflow negative properties you should do your sums on the following basis, i.e if rates go up or if you have…[Read more]

Steve,

Congratulations, they say when writing a book often the intro is the most difficult.

As someone who currently works in the industry of assisting people to invest in property, with a marketing background I would like to say this about your draft.

The intro is informative yet real, it sounds as if it comes from the heart, most people today…[Read more]