Derek
I see your point however if there was enough equity in other properties and I had a very good bank manager who is quite understanding do you think its worth doing and would the Tax Man approve?

Yep worked every day 18 hrs a day offshore in India
Got some chicken for lunch which is a plesent change from fish heads and rice. Didnt talk to the wife she was out socializing I guess.
But I hope everyone else had a good easter[exhappy]

Congratulations Daz hope all works out for you
Am in a similar situation myself working 2,3or 4 months away overseas in offshore oil and only 1 month off, its a hard slog sometimes. I have an 11 month old little boy and hope to be home for his first birthday Its gonna suck if I miss it. The wife calls and says he is starting to do all sorts of…[Read more]

Hi kate
Yes two years ago would have been a good time to buy as places were cheap now however in my opinion places are quite over priced. I cant help but notice the amount of houses that are currently flooding the market up there compared with even 12 months ago when you battled to buy a place. This tells me that many people are taking profits and…[Read more]

Thanks Simon, Richard, Terry
We do have a block of land we wish to build another IP on at some stage so putting it towards that could be a good option. Might put the extra savings into an offset account and then with the bonus it should be a good deposit on the building costs.
Thanks again
Dave

Hmmmmmm Interesting
I am also involved with building pipelines [cap]

Hi Pups
I have recently purchased an appartment which gives me the option of having it managed by a company or renting/ living in it myself. Returns are guaranteed 6.5% for two years if you have it managed no guarantee if you dont of course. Paying interest at 6.72% plus about $3000 to corp body, rates, sinking fund etc does not make it a real…[Read more]

DON’T EVEN THINK ABOUT IT!!!
Tried it myself also and I have a construction background. Did a large laundry with timber floor and it was a very average job spent a long time trying to get it right go with the professionals for sure.

Dave

Hi Zoe
I can’t help with all your questions but I have heard of previous owners owing money to body corporates, sell the property and the new owner has to foot the bill. My best advice is to due very through due diligence on propertys like this and check everything before buying.

Dave

Hi Paris,

Like jhopper says it’s hard to tell without looking at it but it does’nt sound too serious. Reo is frequently installed in slabs of concrete these days already rusty. Builders buy so much for the job and it sits there in the weather until it is used. Usually you would have at least 30mm coverage of concrete over it but when it is poured…[Read more]

Nadia
I used to move quite a few houses a while ago and there are certainly many variables to consider ie
how large, so how many trucks are needed
how high, so does the roof need to be removed
are police escorts needed while transporting
power lines to consider so what route needs to be taken
distance to travel etc
Thats without carpenter costs…[Read more]

Tb

I believe some banks will give a 60% LVR on property under 50m2 they certainly did with me and I was able to take a seperate loan from equity in principal place of residence therefor having no cross collateralization as there was three seperate loans.

Dave

Karen
Thanks for the heads up on the website it answered a lot of questions I had on overseas investing.

Dave

Thought I would tell my story of a tennant who stopped paying rent took some fairly extreme measures but they paid off in the end. We could’nt get in touch with the tennant also tried his work place but he had left so the only number we had was his defacto’s mothers. we called her she was very understanding but did not know where they were either…[Read more]

Definetly dont work for the web site I work offshore oil & gas own a few properties in Tassie but am always looking for other interesting investments.

Dave