bardon wrote:
With respect to the news article its interesting that all the pundits are talking about Roxby Downs being a major driver for Adelaide.  The expansion has not yet reached FID (Final Investment Desicion) so it is not a certain project.  The project has some huge capital expenditure blow outs to deal with before it gets the green l…[Read more]

Apart from Richard, any other mortgage brokers out there?  What do you think about the qualifications needed to become a mortgage broker?  What a sham – only a certificate 4 to become a mortgage broker.  I recently finished a TAFE cert 4 (not mortgage broking) in 3 days with no homework and no exams. I only had to attend, fill in a few wo…[Read more]

Owen64 wrote:
I think before you decide on either Adelaide or Brisbane you should look at what your long term goals are from property and see which locaion will be the better fit.There are a number of people in the industry who feel Adelaide is the next hot spot and there are some very good reasons for this. South Australia is also resources…[Read more]

Thanks for that.  Yes, if the returns are high enough I might be able to just hold on to the property.  Didn't realise that rentals are going up so fast.

Milly wrote:
just a small point, none of these places are in Brisbane. they are all either Pine Rivers or as in north Lakes, Redclliffe shire.  I think Petrie will do less well than any place close to the Gateway. All those areas are predicted as growth areas. I have been considering whether to invest in Murrumba downs or try to get something…[Read more]

<font color=”#000000″>What other competent professional requires just a certificate 4 to be able to operate in such a complicated area as finance?  Accountants require 3 years university study plus extra study to complete their CPA or ICA.  Mortgage brokers may not need to study for 5 years but as a minimum they should complete a TAFE diploma or…[Read more]

What other competent professional requires just a certificate 4 to be able to operate in such a complicated area as finance?  Accountants require 3 years university study plus extra study to complete their CPA or ICA.  Mortgage brokers may not need to study for 5 years but as a minimum they should complete a TAFE diploma or even a university de…[Read more]

Petrie fits into the category of outer northern suburbs.  Don't know much the suburb but feel that it is going to do well in the future.

JONCHU wrote:
Hi There,   –         If you sell, do you have a better place/investment where to park your profit?–         Depending on your financial “position” you could use equity from this investment to buy another property.How’s the cash flow from this property? Is it “cramping” your style or can you sleep at night no worries?  I don’t…[Read more]

Nearly all the brokers that I have approached cannot handle property investors who have got multiple properties (ie over 5).  In the certificate 4 course, do future mortgage brokers learn how to  deal with people like myself?  I find it very frustrating trying to find brokers who are firstly, competent & trustworthy and secondly, have got the skil…[Read more]

To be truly educated in anything, including property investing, you should be exposed to all points of view. You should toss some of these ideas around with like-minded people who can then help steer you in the right direction.  Islandgirl, I know that this is an old post but I was recently going through what you went through in August 2006.  I h…[Read more]

Cia wrote:
I got the form thanks but the submission date is for May 2008 which I expect is for 2008/09 tax year. I wonder can I still do a variation for this financial year?CheersCia

Yes, you can submit the ITVW up to May 2008.  After that date you can submit an ITVW for 2008/2009 financial year. 

MARKG14422 wrote:
As I explained above. I would pay the mortgage insurance to get a 20/80 low doc but the mortgage insurance company wont touch me because they deem all my appartments to be "Serviced Apartments". I think this is really unfair because they all over 50sqm strat title that I can rent out to whoever I want or live in.But I cant make…[Read more]

Markg14422, not easy to get 70% no doc line of credit without mortgage insurance at the moment.  What's wrong with paying a bit of mortgage insurance to help you get another deal ?  You need to look at the broader picture.Your whole aim appears to be getting cash flow +ve positive properties.  Have you questioned whether this is the right str…[Read more]

I totally agree with Tracey.  Don't sell, it would be better to get a line of credit and use that for further investments.  Getting a line of credit is not difficult even if income is a problem.  There are plenty of lenders out there who will give you one at 70% no doc.I don't know how you got involved in investing in the USA.  Unless you know wha…[Read more]

Mark, you shouldn't get too discouraged because you are doing so well compared with the vast majority of the population.  I wish that I was as cash flow positive as you are.You definitely need a good mortgage broker. There are not that many around that deal just with investors.  There are some even on this forum and on other forums such as so…[Read more]

Alwayslearning wrote:
can i sell on during this process if i cannot settle cheers

You need to ask the developer about this.  I'm pretty sure that you can on sell but not until after settlement takes place.  I recently bought some land which is in high demand.  The developer told me that if I want to on sell, that she was willing to contact so…[Read more]

Alwayslearning wrote:
i am due to settle on 3 apartments off plan settlement date is been brought forward 4 months with 14 days to settle what are the scenarios one settlement takes up to 3 months to settle ie coming up with deposits and funding ofpenality interest how is that determined and option can i sell on during this process if i cannot…[Read more]

trakka wrote:
I think you will certainly lose your deposit, which I hope was really minimal and that you can consider that forfeited money as an investment in your property education. The "somewhat good news" is that I suspect that unless you have lots of cash sitting in the bank – which if you were after a 100% loan I'm guessing you don't -…[Read more]

Interesting article.  I don't think that it matters whether the Labor Party or the Liberal Party is in charge because there is not much difference in their policies.I'm with Milly.  I hope that prices keep on booming, especially in Brisbane where I've got all my investments.  I'm selling off properties which are more than 20 kms from the CBD an…[Read more]