In a market like we have now, you are able to pick up a similar established property for much less than one that is OTP. However, not everyone has the financial capacity to come up with the initial 20% and stamp duties.

Stamp duty may be seen as a worthwhile trade off when purchasing a well priced established property, but like others have said,…[Read more]

Hi Sha,

If you buy the property as an IP and move into it, you will no longer be eligible for the FHOG.

However, if you purchase this initial property as an IP and purchase your PPOR in 3 years time you will then be eligible to the FHOG. It is dependent of if you have lived in the purchased property at any point in time.

What some have done is…[Read more]

Hi Dellas,All the areas you mentioned have shown pretty good capital growth. In selecting an area to purchase, you have to conduct thorough research into the area. This includes demographics, geographic location (in relation to the city), past capital growth, government funding and infrastructure, etc. All this together with your gut instinct will…[Read more]

Hi Grantos,

Although it may be favourable to submit an offer sooner rather than later (to knock out other potential buyers), it is still best to inspect the property. Real Estate Agents may also choose not to submit your offer if you have not seen the property as there is a possibility of it not being up to expectations when inspected…[Read more]

Thank you Paul for clarifying this for me.

I was reading into this and thought it strange for a RTO concept be similarly inlined with a Instalment Contract.
What I was thinking is that how is an Instalment Contract going to improve cash flow and will the banks use this to support another loan for another IP?

Hi All,My name is Josh.Have always been passionate about RE. Recently purchased my PPOR after securing my IP in 2009. I have really enjoyed reading through the forums and expanding my knowledge base in creative ways of making my money work harder for me.I also work in the Wealth Management industry as a Consultant, so as not to misrepresent.Glad…[Read more]

Nutzcraw,

Having worked with Destiny closely in the past, I must say that they are pretty good. They have thousands of investors on their books and many of them are repeat clients (also due to the high cost outlaid).

However, like Andrew_A said, there are lots of choice out there and you have to make sure that the investment advice is right for…[Read more]

Hi Dellas,Just a brief suburb report on Lyndhurst.The size of Lyndhurst is approximately 21 km².  The population of Lyndhurst in 2001 was 1,539 people.  By 2006 the population was 520 showing a population decline of 66% in the area during that time. The predominant age group in Lyndhurst is 20 – 29 years.  Households in Lyndhurst are pri…[Read more]

Hi Jane,

You are best to gain advice from a professional valuer who values both commercial assets (ie, equipment and income generating works) and residential property.
These are independent valuers who offer their service for a fee. Look for someone who is accredited or have a certified valuer’s license.

Hi Ellsey,

What you can also do in regards to reducing the rent is incorporate a rent increase within the lease agreement to bring it back to the amount that you were initially after.
You can also offer “1 week’s free rent” or family movie ticket vouchers for the successful applicant.

Properties in growth areas have alot of competition between…[Read more]