Supply and demand is true, however interest rates surely play a part in supply and demand as would any other cost factors. I would also say that interest rates play a significant role in affordability or debt serviceability for many people, but again are linked to demand. Lower rates could mean increased demand which in turn may put upward…[Read more]

They appear to advocate cash positive investments, and bulk buying power and reduced purchasing overheads. In theory it sounds good. In practice, I have no idea. The quality of property also I am not clear on.

I accept the points raised and they have merit. I guess its all a question of degrees and sustainability with minimal impact on lifestyle and environment.

I generally don’t agree with high density though. I don’t think I mentioned that I favored it. But on the other hand some people seem to like it as a life style, then others have little choice…[Read more]

[8D]

In consolidating the previous posts in a more definitive sense, I add the following.

responsible = being accountable for your actions, successful or otherwise.

successful = end goal achieved, responsibly or otherwise.

Thus you can be “responsible” or “irresponsible” in process and still achieve your end goal or otherwise. Then it may…[Read more]

I wouldn’t touch them with a barge pole.

good luck.

largely depends on your circumstances, but general IPs are interest only, until you have paid out your home mortgage in full.

cheers.

Hmm, you say you have $250,000 Am I mistaken ? Well lucky you either way !, go buy yourself a brand new investment property. Go passed GO and collect positive or neutral cashflow.

Forget about buying some old dump and doing it up. Also again if you must buy with your father, buy brand new and forget all about rennos. It’s much simpler,…[Read more]

Wally I see ur point about being responsible. I guess Trevor Hendy would say, well if you understand how the tide flows and know how to handle the rip, then you can go where others fear to swim with safety and confidence. You can even swim with the sharks, so long as you know when they were last well fed. [] And Renee would say and thats no…[Read more]

Hmm, if you intend selling it, then why dont you just get your family member to sell it and give you the profit ? hehe. seems much simpler.

On a more philosophical slant, If you are happy for the rest of your life, one could make a case that you invested responsibly. Some may say that if one leaves this world in a “better” state than when they entered it, they invested responsibly. Some people say wealth is a state of mind. []

In answer to the post, for me, “successful”…[Read more]

I think all these areas offer good growth in the long term. I can only suggest diversify your investment localities. buy some closer to CBD and some farther away. That’s what I’m going to do.

To some extent that depends on you and your circumstances. That’s fine for some people.

For me I want min hassle being interstate and new to the game etc… So I go for -ve cashflow high CG property in “good” areas, for piece of mind. I dont mind being out of pocket a bit. I see it as a kind of insurance payment to secure my ideal investment…[Read more]

Responsible Investing ? I guess its a bit like responsible driving ? know your road rules ( dos and don’ts ) know your vehicle ( what will fund your journey ) know your destination ( end goal ) and know how you intend getting there ( your road map or plan ) ? Know the road conditions ( wet & slippery and bumpy ? dry and hard and smooth ?…[Read more]

thanx golfer
good luck with your handicap. []

Hi,

Why dont you just tell me, since you bothered to find out. It would have added about 2 seconds to your post. []

a simple xx km would suffice, for those in the know.

Terry, I’m looking North East or South East Brisbane 10 km to 20 km from the CBD. Most likely South East towards Manly. If I do this on my own then I’m looking at around $150K for the land for about 300 to 400 sqm and then another $150K for the two level townhouse. I’m thinking two bed plus ensuites and study with balcony or courtyard.

Hmm thats…[Read more]

KuRCe, thanks for your consideration. I am keen to read all thoughts on the matter. I have not made any plans yet. I’m hooked up with a tenant for $235 / week but it cost me $229K plus purchase costs taking the loan to around $238K

I guess primarily the no 1. fix would be the 2nd bedroom / study relocation, so I could bump up the rent to say…[Read more]

Terry thanks for your input and others. Yes it seems the next logical step for me, to get better returns on the investment. i.e. cashflow my way. I would rather be the developer myself.

hehe

Are there any designers and builders you can suggest for this small scale type development. They all seem hard to find, so busy I guess and have bigger…[Read more]

Yes I agree if you can find a good one with a good reputation then its worth consdering, if you feel you still prefer guidance. Sounds like a great idea, but I would want to be certain the advocate is not getting a two way deal here with the vendor and you. But as suggested, I’m sure there are some good ones around.

Though I still suggest an…[Read more]

Thanks buddy. cheers and beers, but not too many. []