Hi Steve,

I certainly appreciate your website and all the knowledge I have gained from all the posts I have read over the past few months.

big Thanks from Dubstep. !

            Nope, no pictures yet  ! 

Moxi10,

  I was thinking she could pay for a pipe line down from Darwin  !

Hi Propertybeginner,

     I think you have saved yourself from a big head ache.

Hi Admin,

The list belowis from from the Glossary of acronyms post ( courtesy of IPinvestor )

Investment property forums– abbreviations

IP- Investment property

LVR- Loan value ratio

PPOR- Primary place of residence

RE- Real Estate

OPM- Other people’s money (Borrowed)

LOC- Line of credit

SMSF- Self managed super fund

PM- Property manager

OFI- Open for inspection (open home)

LMI- Lender’s mortgage insurance

CGT- Capital growth tax

FHOG- First home owner grant

DHA- Defence Housing Australia

DSR- Debt service ratio

Wrap- Vendor finance arrangement

R&M- Repair and maintenance

P&I- Principle and interest

CFP- Cash flow positive (property)

NGP- Negatively geared property

ROI- Return on investment (( Rent $15000/investment $300000)X100)=  5 %

NRAS-National Rental Affordability Scheme

GFC-Global Financial Crisis

ATO-Australian Tax Office

IMHO-In my humble opinion

BAFO-Best and final offer

CGA-capital growth averaging (strategy)

DINKS- Double Income No Kids

LEO-Living On Equity

BAS – Business Activity St

CRAA- The Credit Referencing Association of Australia

BAS – Business Activity Statements

Thanks.

Hi Eungelo,

              The house is coming along well !

Was there a particular reason for buying in Moree ?

Unfortunately I do not know the area, or what the local industries are.

Cheers

Dubs.

I'm not sure what is in demand to be honest, but I am aware that there are guys on our project that are sleeping on floors and in the garages etc, so from that angle I would say the more bedrooms the better.

That's the only experience I can give unfortunately.

Cheers.

Hi All,

I can only comment on the areas I have some knowledge of here in Mackay, my first piece of knowledge is that the people who live here get up late almost every day, that is probably why they drive very fast in the mornings and try to touch the back of my ute on their way to work.

I find this very entertaining !

As for the economy and property market, you will find it to be a busy town with plenty of cash flowing. Mackay probably has the highest concentration of new Toyota 4wd utes and landcruisers anywhere in qld.

The rental market has been tight in the 2 years I have been here and people always comment how hard it is to get a rental property, hotel room, or even a domestic flight.

I can highly recommend the northern beaches areas, being Rural view, Blacks beach, Dolphin heads areas, as I live here and it is a really pleasant place to live.

There are lots of new estates in construction in the northern beaches area though, so maybe the new houses will effect the housing supply in the next couple of years ( something to consider ).

In 2 years the northern beaches area has had: a new McDonalds, a new school presently in construction, a new Porters – hardware/homeware store, a new Woolworths, and Coles has doubled in size, and there are plenty of new specialty shops.

These businesses obviously have faith in the area to continue growing.

I hope this gives you a reason to come and check it out.

Hi Steve,

The new site looks good, and there are plenty of people checking it out.