MrsC wrote:
Thanks. Its all coming down to my budget, i can basically afford either a villa/unit in the inner suburb or a house in the outer area. Ive read and heard different views on unit vs house but seems that a renovation on a house (done well) gives more scope for upwards value than a unit. Catalyst were your reno's units or…[Read more]

Quote:
Thanks for the insight heath .The reason I said that was because would it not mean I would need a saving of say 120-150k on a 300k property to be neautrally / positively geared? Therefore taking many years to achieve this, if im already paying off a PPOR?Please let me know if this understanding I have is completely wrong

Oh yeah, I…[Read more]

Chris89 wrote:
From what I have read, negative gearing is the way to go, however from the posts I have read here everyone says positive gearing is better? Is there a better and worse? Would I still be able to buy as many properties with positive gearing? As it is obviously going to take a longer period of time to buy a property am I correct?

I…[Read more]

Jamie M wrote:

Heath Workman wrote:
you can pick up positively geared properties down there for under 100k.

Hi Heath What's the historical growth been like in these areas and are there any driving factors that will lead to growth in the future? Everyone loves a CF+ IP but if there's little or no growth, it's not worth it (in my opinion).…[Read more]

As far as fixing your plaster to the floor and ceiling you can make you own frame fairly cheaply out of trudek or something similar, it doesn't have to be strong as the wall is not load bearing. You can screw your piece of trudek into a stud in the wall or roof which ever is more apporpiate creating your new stud on the exposed side of the wall…[Read more]

Thanks Terry.

Sorry I think I explained myself very poorly, I mean, can I use the equity in a property I purchased with lender 'A' to borrow say 105% of my next property with lender 'B'…total LVR 90% of both properties for example.

Three property investing books I have read this year are: Real Estate, John McGrath0 to 130 Properties in 3.5 years, Steve McKnightandYour Mortgage: How to Save $50 000 – $250 000 per Property, Anita Bell

Hey JAYT. I'm in a simialr situation to you. I'm 20yo with one investment property and I'd like to own 5 properties in the future.Out of interest, what are you doing in the mines? Do you have a trade? Are there often vacancies for unskilled workers in the mines? I am currently in the final year of a cabinet making apprenticeship however when I…[Read more]

Hey guys, didn't realise there were some Tasmanian investors on the forum. I'm from north west tassie myself currently looking into buying my second IP. Regaurding the original question there are also a few mining towns on the west coast of Tassie. Rosebery, Zeehan and Queenstown, you can pick up positively geared properties down there for under…

Even though you are not ready to enter the market just yet you can already begin planning ahead.The first thing I would do it have a chat to the bank(s) you think you might like to borrow from and find out you're borrowing power.Most banks will ask for a 10% deposit on the purchas price for first home buyers, anyway the banks I have delt with will…[Read more]

There is usually a hotline/helpline for each state reguarding the FHOG. I recently called to ask what information was required to verify that I had infact used the property as PPOR for the appropiate amount on time to qualify for the grant. I was told that you are not required to provide anything and that often you will never hear from the…[Read more]