Hey Matt,

If your going to buy, develop, demolish and attempt to sell each block this could be a bit risky unless there is a high demand in new land in your suburb. You don’t want to be holding two blocks that aren’t producing income while repayments keep coming in and worst case you are forced to sell and make no profit or even a loss.

You…[Read more]

For initial measuring of properties dimensions without having to purchase title copies I find nearmap very useful. It gives you the option to measure line, path and area. Obviously you shouldn’t rely on it but I use it all the time to get a rough idea of dimensions. Nearmap is also one of the better services that is regularly updated imagery which…[Read more]

For QLD:

I find information Queensland interactive mapping an excellent way of searching a property to identify its exact land size and which local government it resides in.

http://gis.qld.gov.au/iqed/map/

As Andrew has mentioned a number of larger councils within Queensland use the PDonline system i.e Brisbane, Gold Coast, Ipswich, so on.

As…[Read more]

Agreed.

You seem to have a clear strategy of your own and appears to be working well for you.

So I wish you all the best and hope that you can achieve your retirement goal ASAP

As others have mentioned all have their pros and cons and it is impossible to claim that one trumps all.

I agree that their is a general misconception that property with the highest land component will always be the better investment. This is not necessarily true. It all depends on the market and what the demand is for this properties. Remember…[Read more]

Catalyst wrote:
Im one that would disagree with you. If you buy the $600K property there's a big chance your portfolio will stop there (unless you have lots of disposable income). Just the outgoings alone will limit you. Talking average here (and of course there are places that vary). A friend has a $500K property that rents for $550 pw. 2 of my…[Read more]

Hey Wilko,

Property investing is relatively easy to understand compared to other forms such as a investing in the stock market. Just read a couple of good books, magazines and property forums and within a few months you should have a fairly solid understanding on the basics. The other thing you may find is that you really enjoy property investing…[Read more]

Hey ALF1, great post extremely useful,

I too agree with investing within a 15 km radius of a city/ major town.

One thing I would add is both new and old properties have their own benefits. For examples As you mentioned new properties have depreciation however as others have mentioned you really need to be in a high tax bracket for this to be a…[Read more]

Well I am new to the forum but here are my thoughts,

CG is where you make the real money in property investing not positive cash flow properties – rental yield can be important as it can help serviceability as well as being able to manage the loan repayments. But as I said, in the past the majority people who have made hundreds of thousands and…[Read more]

Hey Samuel,

From one young aspiring property investor to another – I say good work on setting yourself an awesome goal of buying an investment property.

I am slightly older than you at 21 years of age and have just bought my first property, here are my thoughts on your situation.

1. No, you are definitely not in the ideal situation to buy an…[Read more]