Thanks Terry, I would love to come and speak with you but I read somewhere your not taking on anymore Clients :)

Im yet to speak with BMT and have an appointment with my tax accountant tomorrow, although I need to find a different one that actually owns property and better understands what we are trying to achieve..

Hi Benny, Thanks for the message!

Build went ahead – Have lived here for just over the 12 months now, Have just been pre approved for $750k if we sell or $550k holding onto this. https://www.realestate.com.au/property-house-qld-pimpama-126686478 – Rental appraisal $630-$670pw, 2x Bank Valuations $650k

However after much more education &…[Read more]

I too have recent ally been speaking with Ben, very helpful guy. Had the same sort of advice, however more to buy past the BCC and in the mortenbay area, on a larger 600+ block, so a granny flat can be added. There is a lot of building happening just north of Brisbane.

Acacia ridge is 15km south of Brisbane CBD, I thought about this area also as…[Read more]

Thanks terry, those are defiantly the questions I don’t know the answers or pros & cons on.

Would you give your opinion on those 3 things?

Borrowing capacity (in my mind this is well increased because 4 people are able to service it.

Joint liability (also in my mind this is a good thing, things turn pear shaped for 1 individual there’s still…[Read more]

Thanks for your reply,

You are correct its 70k by 4 ways, and also correct on our focus of generating income, this is our main goal however, If we could some how figure out how to make that $60k work for us that’s a lot of cash we can use for a deposit, 2x decent renovations, servicing a couple loans for a year etc etc the list goes on.

Do you…[Read more]

A friend of mine has just sold his Unit in new farm, paid about the same as you around the same time, in an older 8 unit complex, however he was able to make changes and renovate his and ended up just settling for $405k. I’m not sure what state yours is in or if you can renovate at all, but I know Unit prices seem to be flat if not slightly…[Read more]

Really from all info I can find I would have thought we have a good deal?? That works out to $1,150sqm.

Maybe your thinking just the build?
That build price is finished, driveways, landscaping, deck, ducted aircon, 6kw Battary solar, fencing, full render. 2 story house.. I would have thought $1150sqm is a fair to good price for a above normal…[Read more]

Thanks benny,

Build cost is $341k.
Reasonably mid to high level build.

Those figures of 27k are from a simple phone conversation- someone’s opinion.

Using an online calculator came up with a simaler result for a house of that Sqm and inclusions. Capital works make up $8,500 of that figure, min to max is $21,000- $27,000- using demonishing…[Read more]

I have personally just bought here, in release 3 Gainsborough greens estate. Obviously there is a lot of new builds here & still a lot of land, but with the new approved Westfield due to be finished in 2017 500m down the road im hoping there’s potential.

The estate is built by Mirvac and actually has some strict covenants with full render,…[Read more]

Hey Jesse, no expert myself just thought I’d throw my opinion in..

My personal thoughts if I was in your situation, would be to use the money entirely to avoid low equity insurance (appx $17k in your case) and depending on your situation, after 6 months refinance & go for either your own home or another IP.

I’ve personally just gone through…[Read more]