Hi JD,

As an amazing coincidence, I am in the middle of doing a very similar thing at the moment, though I am buying the land then reselling. Keep in mind you don’t have to buy the whole parcels of land to do this, you can just buy the back yards, and let them keep the front, so it is not too expensive to do it this way.

Another thing to keep in…[Read more]

Here is the link. http://www.realestate.com.au/cgi-bin/rsearch?a=o&ag=&s=qld&c=37618538&tm=1101122061&id=101904278&f=10&p=10&t=res&ty=&snf=rbs&cu=&fmt=&header=

In answer to the CRA Q. I got the orignal finance about 15 months ago. My CRA was fine then.

guys there is nothing shifty or sinister here. its just a bloody unit that either matches your…[Read more]

Its an 80sqm 2 bed unit with balcony and 50 sqm courtyard.

I have had this tenant for over 12 months so I am a bit rusty on the market rent but from memory long term furnished rental was 475-485pw and short term furnished 500-700 depending on the season. Better check with the agent though.

Either way it doesnt matter. I am very confident the…[Read more]

Cre8ive was over my house and I asked him the same question. he said jump on this site and ask the question. He gave me his log on details. I have never used the site before.

As for why I dont get more. I dont know of any other deals this good and I cant borrow anyway as my CRA is stuffed.

Be creative… you can buy knowledge.

Calder,

It is in Clayfield, Brisbane. A premier suburb of Brissy if you are not familiar with it.

It is a standard lease with a magor airline. They house their engineers in it. The airline have taken 10 of the 12 units in the development. They pay 3 months in advance and given the oppurtunity I would buy properties like this every day of the…[Read more]

There is nothing wrong with it. It is in a premier suburb, with a brand name architect and developer and it is in a boutique development of only 12.

It is my only property and the best investment i have. Actualy lets be specific. The only investment I have that has made me money. But I need the equity to pay off some other very high interest…[Read more]

Rufus,

I have really done my homework on this one, and can definately give you a definative answer (and even explain the contradicting answers you are getting).

Australian banks will not take NZ property as collateril. If you use an Australian property as collateril, they don’t care what you spend it on… more Aus property, NZ property or…[Read more]

Nobleone,

Check out http://www.stats.govt.nz/

Type your town name in the search box on the top right, and it will tell you loads.

Be creative… you can buy knowledge.