celmel wrote:
Is this a good way to go ?? what are thre down falls ? We are very financial , never missed a loan payment have no other debts besides our Home Loan , this will be used to purchase rental Properties , the amout is $ 430.000 if the properties re empty at any stage we can still aford to pay the loan.Any thoughts ?

Hi Celmel,we have…[Read more]

Tamworth NSW. Country Music Capital.  Yee haa!(actually when the festival is on a lot of Tamworthians leave and rent their homes out as holiday rentals for as much as $4000/week-too bad it is only for 10days/year)

well if you are already paying the power bill, what is the problem?Yours is just a gross feed vs net feed question, I think, which is just going to be a state law (as opposed to all the stuff about second lines etc).Look at this website, which outlines stuff for VIC:http://www.energymatters.com.au/government-rebates/feedintariff.php#victoria

Aim low and go slow.  IN other words if you calculate you can afford something worth $350000, aim lower, eg $250000 or less (eg regional)  and get a feel for the whole buying/managing process.  No point plunging in up your eyeballs in debt at 21, but definitely worth plunging in up to your waist.  You hvae to factor in the unknown, like int…[Read more]

I prefer YIP

Can you just bump up the rent and do it the normal way (offset against usage?

ELJ wrote:
There is a house that is up for auction on May 29 that I would REALLY like to buy. They are looking at offers of $1.5million and up. I don't have a permanent job, nor do I have any cash. I would love to be able to buy this house before it goes to auction and figure that about $2.2-2.5million would be sufficient to take it off the…[Read more]

Marisa wrote:
I believe there are currently 85 houses on the market for rent, that is a bit of a worry? Wonder what is happening here?

I think you  will find a lot of those 85 houses have already been let successfully and not taken off the realestate.com  website.  One of the ones still on there is a house we own that was rented out in late Fe…[Read more]

What about a line of credit loan for the maximum amount of available equity?That way you only get charged interest on what you use, while the rest just sits there available but not accruing interest. 

Mr5o1 wrote:
Considering the ramifications for CGT you have a tough decision to make… Whatever depreciation you claim over the years, will reduce the 'cost base' when your capital gain is calculated. Your effectively claiming small portions of your purchase price over the years, and thus wont be able to claim those portions against the sale…[Read more]

keithbuzzlightyear wrote:
…. (Fortunate for us, we have cleared our Credit Card debts, we have no foxtel, no big weddings to pay off, no BMW to finance – A simple Japanese car is all we need!) I have looked at a lot of Buyers' agent, property investing Co (e.g. OZINVEST) and of course, many DIY investors here. My question to the rest of the…[Read more]

You'd trigger a settlement and have to pay stamp duty I'd say which would take the shine of that otherwise great idea.(Not an expert)

Sydney first, Sydney maybe second, thenAnywhere in our great countryAnd thankyou for your reply.  It is obviously an expense but according to recent SMH article this week up to 40% or properties are sold unadvertised in the general media (due to factors like vendors not wanting 200 people tramping thru their homes every weekend).I do not have the…[Read more]

squidgie wrote:
… I don't know to much on the demographics (or how to find recent stats on the net for that matter. There are a few areas which I have my eye on such as Huonville and Mornington.If anyone has any advice or knowledge to help me would be greatly appreciatedCheers 

Try this:…[Read more]

thirsty wrote:
Hi Everyone, would like to introduce myself. Have been reading this forum for about 3 years and just got the guts to join. ……..Thanks for reading and thanks for the education over the past years

Welcome thirsty.    Hey that's quite an impressive time to get the guts up!! ( I joined the day I discovered its e…[Read more]

This site has a lot of places populations in a spreadsheet over several years worth of Census. Most recent was 2006 but it shows trends.http://www.citypopulation.de/Australia-UC.html

I used to stir my Dad up by telling him that retirement is spending the afternoon wondering what to watch on TV in the evening so you have got something to think about in the morning.

god_of_money wrote:
I strongly believe that property in Sydney is very cheap despite 20% increase in price. BUY BUY BUY

is anyone out there worried about a "bubble"?  When I see things like the 20% increase, I think 3 things: 1 damn why haven't I got more properties by now. 2. Is this all a big 'bubble that is going to burst and leave me…[Read more]

interesting. I wonder is that due to Aust average earinings being high or due to house prices being low?  I would be hardpressed to think house prices were high in Morocco.  There's a lot of rich countries down the bottom end (though what is bangladesh doing there?)

Agree with all the above.  I would definitely get two books to read, Steve McKnight's "From 0 to 130 properties in 3.5 years."  (Picture of it on the right hand side of this website's homepage)  and Margaret Lomas book "20 must ask questions for every property investor".The 2 give quite different but equally logical arguments that certainly op…[Read more]