The stuff I have read indicates the drop in 1st home buyers and the rise in investing is linked. IE FHB are now buying an IP first. (like I did many yrs ago and was the only one of my friends) is this a problem?

I can’t spreak for anyone else but majority of my business comes from referrals. So my motivation to get each client the very best price is based on a desire for then to be so totally happy with the outcome that they will spontaneously tell their friends, cousins, workmates etc about the service.

Dean,

Well done so far and best of luck on the next one!
I ended up fixing 2 loans for 5 at 4.49, as you said a premium of .15 with current outlook in my mind pretty good as I can’t see things being in the doldrums for 5 whole yrs. time will tell of course

Thanks both, yes that is exactly what has happened, both properties are now owing less on the monthly mortgage payment than rental value each month, and I can totally forget about the mortgage and think about other ventures.

Its a stress reduction exercise.

@shannon88 What was your experience? Do you have a sense of whether the properties being offered are actually worth the price or is there a chance they are inflated? This is the biggest problem (as raised by others) I see so many horror stories of these places with conflict of interest, pretending to be investment advisors and buyers agents when…[Read more]

@shannon88 What was your experience? Do you have a sense of whether the properties being offered are actually worth the price or is there a chance they are inflated? This is the biggest problem (as raised by others) I see so many horror stories of these places with conflict of interest, pretending to be investment advisors and buyers agents when…[Read more]

@misswilko well done for persevering! Hopefully in a long time all the drama and delay will be forgotten and you will enjoy the ownership of a quality asset. All the best with it.

You need a new accountant. See Terry’s post above.

As stated by the brokers and Terry above, there are a few options but if the long term goal is max tax deductible then you want a larger loan amount, keep your cash separate, set the loan to interest only and let the offset grow so your next purchase is with the cash reducing that eventual ppor (non deductible) loan.

Given this I would consider own name if I was you. (unless your day job is high risk of being sued like medical dr or similar)

It totally depends on the type of subdivision. The language varies a bit with location so the language I use is for my region. There is greenfield subdiv which is just cutting up blocks. This always results in a torrens title block. No house plans required. Then there is dual occ development. Within dual occ there is torrens and strata title,…[Read more]

@hdewalais the description above by @tristan1 is about right. I didn’t mention the other forum earlier out of respect for Steve who founded this one, but you might find more specific BA recommendations over there too, for example I know that an investor or two have written things about me there and they aren’t on this one. Both are useful as…[Read more]

Trust me from the storeys I have heard $700 is a cheap education.

Yep. Really depends on you, your goals, strategy and research that led you to Yepoon in the first place. If you provide some more information you might get better answers.

As mentioned a few weeks rent is a ridiculous reason for either party to back out. As Terry said I would offer to cover any lost rent for the few weeks if they leave early.

DM Jake Milne is in Melbourne he is very good. Working with a company called Qura. Metropole also do good work in inner ring.

No worries Helen. Yes most BA’s will charge an upfront engagement fee to cover research, travel and legwork. I (for example) charge $1500 upfront and the rest later. You should always look for a contract that describes what service they are offering and it should state that they do not get paid by anyone else.