God I love this country, where else in the world could you rent out a hole in the ground?Thes guys could probably help.   http://www.depreciator.com.au/driver.asp?page=main/homeIt would most likely depend on the age of fixtures and fittings as I assume the raw construction would be difficult to value.Good Luck, hope you strike it rich

Hi Gman,It all depends on what you buy as to how much you will make. Get out and see as many as you can. Check the body corp fees , this will affect your comfort in holding and the resale. High potential rent will boost sale price too, so if owner occupied ask agent for rent appraisal from their PM. Most sales agents have no idea on rentals so ask…[Read more]

There's no time like the present.Don't wait to buy property, Buy property and wait.

Hello r1trackday,There seems to be a few flaws with your scheme, best do some research before you sign on the dotted line. See website link below.I am of the understanding that you will not be able to get the grant if you buy into your sisters house. I am unsure whether she would qualify either.For eligibility for the grant- All owners of…[Read more]

All of the above plus I like 'streets ahead ' by Wakelin.You will most likely enjoy reading Australian property investor magazine too.You will find a lot of these and other PI books at the library. The more you read, the more you will find some common ideas you will filter to devise your own plans. All the best

I'd rather get a library card, read these forums and take a 5k holiday

Hello Reece,I owned my own business and all of my money was tied up in it. Being self employed and without a lot of value in my plant and equipment, I had little income to show and little equity. As I couldn't borrow enough to buy a house,  I looked at vacant land in the areas next to ones that had already had increases in value. My first…[Read more]

Happy birthday AlexI hope you exceed your goals

Hello Louise,I was a late bloomer in buying property too, with my first purchase at age 33 but don't think you have missed the boat, there are plenty more boats lined up ready to go. If you are interested in researching and building your investment property knowledge, I have found my local library has many books on PI. Watch out for out of date…[Read more]

Hello Hilly,This is a bit tricky without all of the facts. Keys can be frustrating things at times. Wouldn't it be nice if everyone was just honest and we could do without locks.You said that you may have damaged the lock when you were there yesterday, so you have had access prior to settlement. It is up to the vendors to hand keys over on…[Read more]

Hello Goodenergy,http://www.mypropertyhunter.com.au/  0400 201 556This company operate in Tasmania and are buyers agents. I have not dealt with them so this is just passing on detail and not a recommendation.Let me know if you change your mind and want a buyers agent in North Queensland  Kind Regards,Jeff

best to be aware that cooling off penalties were instigated to protect vendors from buyers doing what you are looking at and I am pretty sure this applies in all states.Verbal offers and negotiating are not binding either way so you could miss out if you go that way too.pulling out under finance and then buying elsewhere can have a legal…[Read more]

Hello Rohan,Probably not much help but just a few comments,I am sure more experienced NSW developers will help you.It sounds like you need a project manager. This will cost in some ways but also save in others. Good builders are all too busy to do your homework and there is no responsibility on them if things go wrong, unless you are contracting…[Read more]

Hello Brooklea,  I am painting my kitchen in an IP today too. Happy Easter.Be careful with that old paint more than likely lead based if layers and layers one of them will be.Mask up!You would be best to talk to your local paint shop like bristol or a similar trade supplier. They will be happy to help and not all treat novices like an annoyance.…[Read more]

Is the property cash positive for you or will it be if you sell for your asking price?If it is cash flow positive , why sell and not keep and use equity for the next?A good agent will add value far beyond just covering their costs.Selling yourself has many potential pitfalls beyond price, especially if out of your area.I would suggest looking on…[Read more]

Hello Justin,I have not used Property analyser but use the others daily. RP and psd are similar,  except RP has more photos and has a function for searching properties on the market. This is useful for seeing days on market, price reductions etc.Other software you may find worth exploring is PIA, for budgets,costings etc. There was a trial ve…[Read more]

It depends on the available stock of properties for sale at the time but in my arket place yes. Building internally is var cheaper than extending roof line. 9internal walls and fit out as opposed to walls, roof, floors, council, draftsman etc) Talk to your agent and ask for some sales figures of 3 and 4 brs. I find that most families want 4 br…[Read more]

units in  smaller blocks are more likely to rent over large complexes if the market tightens up. is it a good time would depend on how many others are planned or being built, ask yourself ; what are the pre sales like on off the plan developments and what are the days on market for resales.also body corp fees have to be weighed up these vary c…[Read more]

I am in real estate sales and understand what Nat has said to be true. Many agents "buy" a listing by overquoting the potential sale price. This may be the case if you are getting offers so low. The general case for unsold property is down to the way it is being marketed. Professional photos are crucial, as is a good web presence. As the market…[Read more]

Hello Nat,That emotional attachment associated with renting out a home which has personal memories in it has caused many people heartache. Will any tenant ever have the same respect for the place as you? Try and picture five years down the track, will you regret selling and investing elsewhere or appreciate keeping it and renting. Emotions are ok…[Read more]