Originally posted by g7:
Since Cairns was on Hot Property a few days ago still as a booming suburb, it is now overpriced and owned by interstate lemmings with more money than sense.

So Cairns became overpriced in a few days?….lol

The laws are different in each state.

I believe that only Qld law states that a property is at the risk of the buyer from the date of contract. Most other states require you to insure from date of settlement or possession.

For peace of mind, I suggest insuring from the date the contract goes “unconditional” in states other than Qld. You only end…[Read more]

The cost?

About 1 arm and part of a leg. []

My belief is as follows:

– Sunday does count as a day.

– Sunday would be day 1. Therefore, you have til Tuesday to pull out.

I just bought an IP in Cairns where the figures are tight (just positive after depreciation) and decided to lock in rates for 3 years just to be on the safe side.

In your circumstance I would recommend it if you are worried about costs blowing out which is a real possibilty with negatively geared property if interest rates go up.

“The claim that he will make people “property millionaires” is also misleading. By this he means they will – if all goes according to plan – own property worth $1 million. But this will not make them millionaires – and it will hardly allow them to retire independently wealthy.”

I do sort of agree with this statement though. I think that the ter…[Read more]

Now carbloke, you know that the Crows are the magpies bunnies dont you?

Go Pies!!!

p.s great win by those Swannies against the the great chokers!

I think trusts have become the great “buzz” thing in real estate investment of recent times in this forum and others.

I think they really only greatly assist a handfull of investors. I suspect some people are setting up complicated structures because it makes them feel like sophisticated big time investors.

Setting up this way for assett…[Read more]

quote:
WHAT GOES AROUND COMES AROUND

TAKE ADVICE FROM ONE WHO KNOWS

DON’T CHIZEL PEOPLE

THE PRICE IS 29.95

PAY IT

BE PROUD THAT YOU HAVE TNE INFORMATION

IF YOU RIP THEM OFF EXPECT TO BE RIPPED OFF

lol!!! []

I live in Moonee Ponds and firmly believe that it, and the surrounding suburbs are the best real estate on the northern and western side of town.

If you want period style houses then look in Moonee Ponds, Ascot Vale, Kensington or alternativley try Yarraville.

For $400 to $500k you should be able to get a decent 3 bedder in those areas.

How can you mortgage a house three times without each bank knowing?

The title will reflect the interest of each bank surely.

I’m a personal injury lawyer who represents employers in WorkCover claims.

I wouldn’t say I’m bored but I dont like it much. It is very demanding and the only thing that keeps me there is the money. It is difficult to turn your back on a good wage when you have young children.

I’m hoping that proprty investment will help me to retire from this…[Read more]

HG,

Is this aged care accomodation?

If so, you may face some trouble with finance as banks will only lend 70% of the price.

I agree that fixing rates at the moment seems a good idea.

My tip is that rates will remain the same for several more months before slowly creeping up to around 8-9% in a few years.

But what the hell do I know?

You may get a better response if you post some general info about the deal.

i.e

house or unit
general area
price
rent
Features i.e b/rooms etc

The last thing I would do is rely upon the advice of a telephone clerk at the ATO anyway.

Parts of Manunda are fine but you need some local knowledge. Beware the low lying areas!

With the beach areas, Palm Cove , Clifton Beach, Trinity Beach and some parts of Kewarra Beach are good. Many of the other beaches have a big sand fly problem because they are near swamp lands.

lol!

Umm, where is wide bay? []

Edmonton is going well but and is in the growth corridor south of the CBD. Caution is that there is quite a bit of land still available in Edmonton so you will always be competing with new houses.

As a general rule be wary of the suburbs to the immediate west of the CBD in the low lying areas which are subject to flood. Thos suburbs are…[Read more]