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How would this affect their centrelink payments exactly and how can I find out??
how would you rate Ballina Heights??
Like to do something up north
Also notice they got some land releases there around $220 – 250k mark
Hi guys
Just a quick update
Couple weeks ago, we have put down a deposit for a piece of land in new Bonner estate. (610sqm); just outside of Gungahlin
Wont be ready to build on until Jan / Feb 2010.
Have been looking at some designs and we will be set for FHOG
Hoping to buy a second property within a years time but not sure about it being in Canberra
thanks slydar…much appreciate the reply….
The areas that I like are positioned north canberra like Gungahlin and around there.. We are currently at Yarralumla but the housing prices here are much to high.
what are your thoughts (and others too) on the Rental Land Scheme here in Canberra? Is this something to consider or should avoid? I understand that the 2% or 4% of the land you pay weekly and that doesnt go towards owning the land. But the option to buythe land will always be there.
My partner is most keen to build in Forde or Casey (north canberra); Im keen for either build or purchase exisiting.
But we are both very interested to get stuck into property investing but are very new to it all
What ever we choose to buy it will only be our PPOR for at least 3 years
Thanks for the reply. HAvent spoken to an account, plan on doing this some time soon. But seeing as I wont be using it as my PPOR then from reading what Elkam wrote has me somewhat concerned about doing this whole thing.
What other ways are best to go about it?
Nah it is completely different to what I am currently doing.
Probation is 3 months
much appreciate the helpful reply. Im seriously going to take this onboard and focus in this region for an estabished home
I have been looking into the whole building a house thing. And with the prices on existing houses that are only a few years old; in my area are about on average $320k.
If I build about 35 mins outside of Melbourne it will cost me around $220k including FHOG; with some added extras such as Alfresco and interior extras. So in my mind building a house is far more appealing than something for a similair design that is a couple more years old and $100k more.
Im new to all this so maybe I am wrong.
Many many thanks Steve
I wouldnt plan on selling this after 1 year. I went down to Melton today, had a snoop around the new estates and liked one in particular. Which will have a secondary school built by the end of this year, a Community Centre that includes Health, Fitness etc…and small shops that they are about to begin building. And other features such as recreational fields…..
Staying in Geelong would be ideal but our current budget just doesnt fit in well with the prices down here.
When you said to buy a property and improve on that to maintain the capital so that when I sell, I can sell for more – as you were referring to Geelong; does the same rule apply to Melton? Are you saying to buy an existing property?
What are your thoughts on buying in an estate, having a new house built on that, live in for a least 1 year and then rent it out..possibly sell some years afterwards? or just focus on existing house that requires some love
Regards
DanielI'm not familiar with Bacchus Marsh, but does anyone know where the new land developments are and what services will be around that area?
Well of course a good handful of the money saved between now and another 3 years will go into our wedding and honeymoon.
But what we are doing is pretty much living at home with our parents. My parents travel frequently to the opal mine and spend a total 28 weeks a year up in the bush. So its up to me to keep the house running and look after the pets while they are away.
So moving out and renting is not an option cause many places dont allow animals even for short term.
We use to go away alot for weekends so that has been cut – Of course since my partner is the earner between us most of the saving is hers, however relationship wise, it isnt viewed that way.
VOIP phone connection dropped the phone bill from $170 a month to $28 per month, that helped a great deal.
Plus being the only child its much easier for me to stay at home and just save with my GF.
Probably should look for a nice townhouse for my parents ahaha move them in there. [blink][strum]
So yeh I want to do something with the money we have now and that allows us to chuck in $2000+ per month.
thanks for the replies. Great information and things that needed to be said I guess.
I think I will just sit back and concentrate on uni this year. Read a bit more on property investing, along with my uni stuff. And just keep on saving with my partner.
The savings plan is something that I wrote up and are now currently putting away $2k every month (hoping that will change to $3k – $3,500 per month late this year), will have a kity of $20k come March – however our target was $24k but still a great achievement.
Once again thanks to all who replied.
Well I cant exactly get into property investing on my own cause Im a full time uni student – hoping to find employment sometime mid year.
If anything I wouldnt mind using some of the equity on my parents home. The house is paid off valued at $420k, so since its been paid off does that mean there isnt any equity available?
IF there is I dont want to use that much.
I been looking at some buyers agents cause since this is my last year at Uni, I need to keep a good high grade so I dont want the extra stress.
Thanks for the reply guys
im checking out their site now… seems pretty good.
Whats with their Positive Clasflow Mortgage?
Coopranos –
Thanks for the tips…Im still yet to recieve my books and im itching to get reading.
Your last tip is actualy something I have been thinking about and most probably will do. Say after the 12 months I have finished my renovations – would you say (and others who read this) it is best to lease or sell?
Im happy to announce that I have completely paid off my Student Loan of $15k. Now I can throw in a total of $700 per month + partners contribution of $500 per fortnight.[strum]
UPDATE
Well now after reviewing our fortnightly expenses, I have put in play a new savings plan for us both. We are now saving $1,300 per fortnight – So come March 2007 we will have roughly $26k.And once March comes I will review my savings plan again and see if we can better it or just keep the same going for an extra few months. Im hoping to find work come 2007 [worried]
Anyway I hope this money will help get me started
Terry thanks for the reply. Yes I have asked my parents for some help but they are fairly negative about it.
V8ghia – cheers for the reply too. I’ll look for those books you mentioned and see how it goes.
Keep it coming guys [biggrin][happy3][medieval]
Cheers for the replies guys. Im yet to recieve all the books and I just recieved $10Mill in just 10 Years by Peter Spann in the post today.
I cant help but look at some houses for sale online. And when I see a house for a good/decent price I’m like ah I know exactly what I can do with that blah blah blah etc etc etc..[blink]
Im sure once I read the books I wont sound to to to too much of a n00b.
Can you give me advice on this –
So we havent go our own home – both will be first home buyers. Would it be best to buy our first home then eventualy buy another for investment purposes or just renovate our first home then eventualy sell?[blush2]
eh maybe i should stop posting until Ive read some books [grad]
