Thanks for the info everyone. Yeah if there's a charge then it's definitely not worth it. But Thanks anywayJO

Terryw wrote:
If you qualify as spouses and the property is located in VIC then you may be able to transfer it to your boyfriend without stamp duty and without CGT as it is your main residence. Your boyfriend could borrow 105% to buy it off you are market rates and this would free up a large amount of cash which could then be used to buy the…[Read more]

Hi Duckster,I am comparing data from different sources : annual growth over 10 yrs and 12month median growth from APi and 3 year growth from RPdata.I can really understand your logic there. Almost all authors I've read talked about the ripple effect and i will try your suggestion instead as it sounds a lot easier. We've been talking about buying…[Read more]

Scott,I agree SYdney is expensive and have had many advice that it's not worth the effort.  I was thinking for my first investment it will be easier to start closer to home than going interstate where I have no knowledge whatsoever. Akirk, I didnt quite get what you meant – Did you mean your REA suggest to renovate yourself instead of using t…[Read more]

Hey Gobiin,I wouldnt mind discussing ideas however I am very new to investing, just giving you a heads up. We are deciding which strategy is best for us to invest at the moment. Have you invested much before?Jo

Thanks for the encouragement Ryan,Our main aim at present is to get a house, first. However we don't want to be stuck with a massive loan and never be able to afford investment properties. So that's why we thought we'd buy, do some minor renovation and sell – build up cash ~ 200k so we have a big deposit THEN buy a house with a moderate loan. When…[Read more]

Thanks for the support guys,I dont know why but I hope Im not the only person new to investing that feels nervous about posting questions here. I dont want to ask questions that are too silly and ask too much of everyone. So if i do, I apologize now. Anyhow, here goes..Been to see a Mortgage Choice broker a week and half ago but haven't heard back…[Read more]