@Derek, not anymore mnate
See this new exciting development of big Westfield Mall http://www.coronis.com.au/blog/a-decade-of-planning-sees-coomera-flourish
soon it will be a blue chip suburb in SEQ.

Thank you all for taking time to read my post. I appreciate your feedback and advices.

@Shahin – I still consider investing on areas near I live (Liverpool, west Sydney). If the numbers are better interstate, I'm keen to go ahead with that too. Cheers!

@Jamie M – BA is at the top of my list if i am to invest interstate. I am focusing on research…[Read more]

goatus wrote:

@derek – I estimated $8k each… but i was overestimating all my costs to be safe. So prices on average (we expect this to be long term -I realise it might move the wrong way in the short term) would have to go up around 2.5% a year to break even. Is that reasonable from your experience?

Hi Goatus,

No-one can predict the…[Read more]

Thanks all, some great info here.

@TheFinanceShop: Im calculating the equity:

Property 1 – Worth ~$300k, owe $260k on it = $40k
Property 2 – Worth about $320k, owe $300k on it. = $20k
= $60k equity correct?

From what i have read banks will let me use 90% of that? So is that a straight $54k I can knock off a required deposit for the new…[Read more]

@Derek… sadly yes.  And our society structure is encouraging it.  Can't be bothered to watch where you step?  Or can't accept that stuff happens in the course of being alive.  You might trip on an uneven bit of concrete.  Watch where you are going next time maybe.  Nope, there is the option of suing the council.  It's a disgrace.  Can't be…[Read more]

@Derek and Josh: yes you guys are right, many thanks for saving my equities down the drain further, I was under the impression that by sacrificing $ 231 per week for the negative gearing IP in QLD it will be payable when the next booming cycle is on approximately 8-9 years assuming I always hold the IP and yes @Josh you summarize it in more…[Read more]

@Derek,
Thanks for the reply, I haven’t sign anything yet and of course the reason I ask this is that I wonder if this is a good pick or make sense for the IP in QLD.

So far I have paid $880 only but have not proceed with the bank yet.

@Derek: The JDL Fee is as follows:

Commission $8700
GST $870
Less Initial Payment $880 (the joining fee)
so in total is $8690

Which will be counted as “costs” for the purchase of the property investment and financed as such. THerefore I do not need to pay upfront with cash in order to proceed (because it is capitalized on top of the loan so they…[Read more]