Thanks for your advice Scott

G,Day KarenGlad your excited – you should be too I have actually been for an inspection through this house and for $260000 you got it for a steal. Median rent for the march Quarter ( http://www.rta.qld.gov.au) for a three bedroom home in Mackay is $380 a week, I rent out a two bedroom house in Bucasia for $300 a week  ( not a new place either) – I't…[Read more]

Positive cash flow property is basically using an on paper deduction to turn a loss into a profit. i.e. – claiming Capital Works Deductions ( cost of building the house) as well as claiming depreciation on fixures and fittings – you will need a quantity surveyor to do a depreciation schedule up for you. If you want to claim Capital Works…[Read more]

Spot on Mystery always more rewarding when you reach a stage where your confident enough to find an investment property using your own research. Doesn't hurt to have a good relationship with real estate agents but bugger paying for anyone to do what you can do.

Mystery wrote:
Correct me if I'm wrong, but if you take the time to research property investing over a few months, read books, join forums like this and read magazines like API … Then why would you need to pay others to make decisions for you and hold your hand.Maybe I'm just old fashioned, but for me part of the enjoyment of property…[Read more]

G, Day CarlinTaking snippets from an article I read from an investment magazine – "Fixed rates are not solely influenced by the RBA – they are also influenced by those who are investing in the fixed rate wholesale market. Fixed rate loans are largely funded with money raised by lenders in global financial markets, plus a retail margin, plus a…[Read more]

Well first of all although you have both lost your jobs which is devestating enough – your fortunate this happened before you purchased your property, even if it was positively geared or positive cash flow lose a tenant or they dont pay their rent you would be up shits creek. They say unemployment should peak by the end of 2010 ( who knows) 8 to…[Read more]

Sure can when I was working for a house removal/ re-stumping company we moved two houses onto the one block. Big block about 1200 sqM but this was approved by council before we began – they were going to rent both out. The main issue with the investment property I bought was no access or vehicle parking for the rear dwelling. As for do councils…[Read more]

Yes Richard your right they would have to cover their cost somehow – more or less just commented about exit fees because of the story I read on news.com.auFailure to pass on rate cut angers Government Cabinet examining ways to increase competition Could consider banning bank exit fees THE Federal Government is considering banning…[Read more]

 my answer not completely relevant to your question.But just a word of warning to abide by any local council rules/regulations when relocating or building another dwelling on your block.  I bought a place one title has a two bedroom house in the front and a 2 bedroom unit out the back. house is classified as a semi – detached dwelling. All p…[Read more]

G,Day EveryoneHad a visit from premium finance last year after receiving a phone call from them – not sure how they sourced my phone number. Remember being impressed by the figures they presented me with and the offer of showing me a number of properties in Brisbane that I maybe interested in. I didn't  take up their offer though to much of a…[Read more]

Would be interesting if the government passes legislation to ban bank exit fees – would make the banks more accountable for there decisions not to pass on rate cuts. Would definitely create more healthy competition between lenders maybe improving the services they provide and reducing fees.

G,dayDiamonds??? See if they will pay you with alcohol and I will come and have a drink with you

G,day KarenThis is my first post to this forum and would like to let it be known that I am not a property expert but rather have gained some general knowledge about property investment through research on the internet, books and investment magazines. All the information I have read indicates that before the economic crisis Brisbane was forecast to…[Read more]

G,day KarenThis is my first post to this forum and would like to let it be known that I am not a property expert but rather have gained some general knowledge about property investment through research on the internet, books and investment magazines. All the information I have read indicates that before the economic crisis Brisbane was forecast to…[Read more]