Just read Margaret Lomas on buying off planI personally don't like buying off plan.. including the price is normally inflated (commision, advertising), almost always delayed due to GFC, risk of lower valuation when completed etc…Though the selling agent will mention … high depreciation, high rental return etc ….But the point is… what is…[Read more]

Crapt advertisement!!!

woww… stand at A$256k for few weeks.. otherwise the REA thinks that you are desperate…Well..ring them back in 2 weeks time… and ask whether they could negotiate the price to lower range of 260k

Hi TCLI thought you like only investing Unilodge apartment I would prefer investing CF house in western/south west sydney rather than unilodge… that is just my humble opinion.You can find the property that is large enough to build the duplex in the future.. check with the council though

….. Included the property and economic experts throughout the Australia and WORLD

Totally Agree.. Over XXX price is REA marketing hype…Just offer what you think is reasonable…. you probably need to cope with few F words from the REA agent Done it before!!!! Get hung up on the phone

or wanna-be investor

Natalie,I don't think it is the bargain price if you are buying through the TICBUT… you have to pay for their services which have been built into the priceI hate to say it but good for novice investor though

Hi FerryIf you think that investing in IP = saving tax… then you have to think twice about your philosophyTax advantage is only the bonus  imho.

How many units in that block?It must be in the rural town?The LVR probably looking at 60-65%You are probably needing specialist mortgage lender…. on commercial rate??Get your mortgage broker or one of the forum broker to help youCheers

" i already have a good team of people, accountant, property manager mortgage broker and financial adviser to help me with advice"You should be thankful to be able to receive 'excellent' info from your team.Why bother with 'unlicensed' basic opinion in the blog?? funny..!!!

nopecan be house and land as wellmostly new development area

I am learning from people's opinion…I always keen to know the reason behind….

residential rate or commercial rate?what is the interest rate?just curious

Terry,Most people will look at short term investments (i.e. being lured by GROSS return).I have seen lots of asian/chinese flocked into this kind of investment as being promoted high yield, city location, student accomodation etc etc etc

which lender did u end up with?at what LVR?

Congrats…

You need to be aware that when they sell the property, their 1st annual return (i.e. through the depreciation etc) looks good.But capital growth and future return are based on 'projection'.

any news from your due dilligence?Interesting to follow it

If you are afraid of 1. unscrupulous tenants and 2. empty housesthen 1. get a good property manager… I have one that inspect the house every 3 months taking all pics. Good property manager tends to select appropriate tenants2. Get landlord insurance3. Geographic location of the property (i.e. if you buy in conamble, NSW (cheapest property in…[Read more]