Remember, your not buying the property to live in yourself, but for someone else to live in it. They may already be renting the property and think it is a palace.

My thoughts []

Yeah!

I’m a collingwood supporter (*ducks for cover*), but for me a Sydney victory is far better than an Adelaide victory! []

[]

I think he used to manage them himself, but now does not have the time. So to answer the question, I believe he has an agent or similar manage his properties.

I’m sure Steve will clarify.

Cheers

Hi All!!

3 kids for me (8, 5 and 2). They are a handfull I can tell you! []

Cheers

For Queensland have a look at… http://www.oesr.qld.gov.au/

Also, check out the “useful links” thread… https://www.propertyinvesting.com/forum/topic.asp?TOPIC_ID=1644

Hi,

I can’t see the price rise slowing in the near future either. As long as the interest rates stay as low as they are, prices will continue to rise. Still plenty of bargains out there though…

I wouldn’t say that I’m a lazy procrastinator, but I can’t wait for an interest rate correction!

Poised and ready to strike![]

Sure, I’ll do some research and let you know. []

Hi everyone,

Sooshie I hope you don’t mind me adding to this post without going through you first.

I found this link to a great research site for Queensland. I provides statistics on all the shires/council areas in Queensland.

It’s the Office of Economic and Statistical Research. (sounds impressive doesn’t it [])

“This site is the Queensland…[Read more]

No problems.

PRD Research also has the occasional report on Darwin.

http://www.prd.com.au/research/

Around $200k, with average rental for 3br house $240pw. API Magazine rarely shows any interest in the NT. Here’s some info….

June 2002… http://www.facs.gov.au/internet/facsinternet.nsf/VIA/HousingMSupdate/$File/June2002.pdf

New story… http://www.themercury.news.com.au/common/story_page/0,5936,6185494%255E421,00.html

A general Australia…[Read more]

Congratulations Steve.

It’s a great read and very easy to follow.

Cheers

Hi,

They manage the Body Corp for my IP here in Darwin. Can’t say I’ve had any serious problems with them, but my Tennant has had a few things to say. For example, the combination to the Security gate was supposed to be changed (the whole street knew it), well it took them weeks to get it done.

They seem happy to take the money, but I don’t see…[Read more]

Hi,

I live in Darwin. I have made comments on another related post… https://www.propertyinvesting.com/forum/topic.asp?TOPIC_ID=2547

Here are but a few of the projects planned…

* Timor Sea Gas Treaty/LNG Project
* Darwin hospital redevelopment
* New port facility
* Toll Holdings/Transport to build a major holding centre (associated with new…[Read more]

Looking at the vacancy stats and distance to Brisbane/Public Transport available….. Redland for me.

Just anounced yesterday is another new development….$600M on a new Wharf precinct and convention center.

http://www.news.com.au/common/story_page/0,4057,6924730%255E13569,00.html

Hi.

People are starting to get excited up here. With the rail link on the way (only 90km south of Darwin now!) and the signing of the Gas Project Darwin is starting to move. The Chief Minister, Clair Martin, is forever talking up Darwin’s economic potential and according to her the Gas deal is just the start of bigger things to come.

If building…[Read more]

Hi Ziggy,

I live in Darwin so drop me an email with any questions.

Cheers.

Only 1 for me, but looking for my next one or two. Just have to find the right area.

Alternatively, divide the asking price by 1000, then multiply by 2. This will give you the minimum rent to achieve +ve cash flow (following the 11 sec rule)

eg. Asking price $90,000

Rent = $90,000/1000=90
= 90*2
= $180

A quick question for the mortgage brokers.

IO Loans a usually for a period of 5 years. Is this correct? Or can you have an IO loan for an indefinate period of time?

Cheers