Rockhampton looks good to me, and south east qld has higher growth rates than anywhere in Aust, population, economy etc. Take your pick, Qld’s the way to go I reckon. This is obviously just an opinion, so good luck anyway! G7

Good figures Alf, there is no right or wrong answer for this one regarding holding, I think it depends on your investing goals and desired outcome. If you have other properties that are similar and you’re in a position to hold this property, why the hell not? Good Luck G7[biggrin]

I think for long term in either area, you might be better off waiting 12 months for the prices to ease even more. Especially in Vic. Wait until apartment gamblers are being squeezed even more then snap up those bargains… That’s my opinion anyway, good luck G7

The right investment structure (trust, company), I believe, is as important as the right property. I disagree with your accountant. If he has made good money on property, go with him, if not get another accountant! Hope this helps- G7

A lot of people who earn a lot less than you have made a fortune through property, so I wouldn’t worry too much. Keep reading the forum and you’ll get an answer to any question you may have… That’s my experience anyway[biggrin] Welcome aboard- G7

Good luck with your wrap lifeX.

Yes my friend wrapped houses without his lenders knowledge, but being a bank for profit, decided that there was no hiccup with the repayments and let it be. You know- If it aint broke, dont fix it mentality.

However, if this was to occur again with another bank that didn’t appreciate his disclosure, there could be…[Read more]

Firstly use sandpaper to get the top layer of grout off, then use either a grout whitening texta or grout cleaner which are both available from any hardware store or simply regrout. Hope this helps… G7

I heard 30% of apprentices dont even finish their first year because they simply cant afford to do an apprenticeship. If you paid them more than $200 a week maybe more young people would be interested in doing one. The cost of living is through the roof and $200 per week for a whole year is absolutely shit. Especially with all the other…[Read more]

Since Cairns was on Hot Property a few days ago still as a booming suburb, it is now overpriced and owned by interstate lemmings with more money than sense.

I would say that the purchaser might have seen your friend coming, and put these clauses in for that exact purpose, for a quick profit 6 months down the track.
I guess this sort of things happens a lot with purchasers who are a bit more savvy than the vendors.

Dave, I would definately look into that, you might be on a winner.

I work for the company who distributed it in Australia, and they dont know if it’s a lie either. Anyway it’s been withdrawn, and they’re hoping that it goes back into circulation so they can rack up the profits. Bad or good publicity, who cares, it all helps the sales and the bottom line!

The method you’re after is called wrapping. You onsell the property to another and collect their mortgage repayments.
eg you buy for 100k at 7% interest and then onsell at 120k at 10% interest. The purchaser has their mortgage with you, not the bank. This scenario would probably give you about $400 per month cashflow.
This is only a quick…[Read more]

Have a chat with some of the many brokers on this forum, they would definately be able to help, especially with the LVR. Try in the finance bit.

Hold on let me check, yep still male…

Watch Today Tonight on Thursday the 23rd for the showdown; JENMAN vs ALLEN, looks like a good one!

A turnover of only 120k is absolutely dismal, especially with poker machines?

These do happen in Australia, but unfortunately I dont think there is nowhere near the amount of money to be made on them than in the US. G7

Could you get $2000 off a credit card, friends or family or a short term loan?

If finance fell through you might have a problem, but for the sake of only $2000 I wouldn’t think this would be too much of a problem, someone will answer you soon with a definate answer, dont stress too much, you wouldn’t be the first this has happened to because of…[Read more]

Get to bed earlier, or big brother up late. All my postings are made during the witching hour.