Mike Lloyd of Fusion Finance in Melbourne is on this site.

He goes under the name of moana_fusion on this forum. Do a search and you will find him.

Cheers

Ruth

Hi Julie
I work in Wynn Vale and lived in Tea Tree Gully for many years so very familiar with the areas you are interested in. The area around Ridgehaven is close to the O’Bahn terminus so this means easy transport for people to go into the city. The O’Bahn buses then of course can continue on the road and go to the Golden Grove shopping centre…[Read more]

Do you have any factors influencing which part of Adelaide you want to buy in? As in, are you needing a place near your place of employment etc. I know a bit about the North and North East but couldn’t offer any help for other regions.

Ruth

There’s a good construction cost calculator on the BMT site http://www.bmtqs.com.au/Calculators.aspx

Cheers

Ruth

I know where you are coming from Alex. My partner isn’t overly interested in property, he wants us to use it as a means of early retirement but he doesn’t have the excitement or addiction (at some times) to searching for property and reading to learn about investing. In fact I bought 2 of our properties while he was away on fishing trips. I know…[Read more]

Am always after subdivision info. here is the Ban Tacs link http://www.bantacs.com.au/booklets/How_Not_To_Be_A_Developer_Booklet.pdf

My mistakes, or at least those I’ll admit to
1. Giving up to early and not buying before we moved over seas
2. believing we couldn’t afford property when we moved to Perth in 2002 and then watching prices soar over the next 4 years
3. When we eventually bought, buying too quickly because we were living in a B&B after moving to a new town!
4. Not…[Read more]

Has anyone here used hotspotting.com.au? Is is worth the $90 per report?

Cheers

Definitely take care of termites in Albury. We get our places checked thoroughly each year – I don’t mean someone who takes a walk through and knocks on the walls (that is a strategy I have seen in inspections).

There are many scary parts in Albury – it helps that I lived in Minneapolis and Chicago before Albury!

The ones passed in were in two fairly heavily commission areas. West Albury has some very dodgy areas and not too far away some nice areas. There was one on Myrtle – from memory this one was in fairly poor condition, but not anything like the burned out shells I have seen on various forums. I think one was on Hibiscus and one on Mulga I think.…[Read more]

Hume Hwy hardly bypasses Albury, it practically divides it!! Lived there until July this year. While the freeway development has impacted tourism ventures in Albury it isn’t as if it has impacted the city like happens when small towns are bypassed. Albury has considerable industry, its border position is a positive, it has a university – which is…[Read more]

Albury, as in Albury-Wodonga on the NSW Vic border

You’ve done a great job, a bit of inspiration for us all. The before and after photos of the kitchen blew me away, I scrolled through them a few times.

Would be really interested in seeing the figures if you are willing to share.

Thanks for your comments j900

The rental income on the 3 IP is $1360 – pretty much break even. Two of them used to be our PPOR (at different times), so they weren’t bought with positive gearing in mind. All 3 IPs are in Albury-Wodonga and the other property is in Horsham, so regional Vic.

The new property isn’t great as far as being cashflow…[Read more]

We rented for about 7 years as we moved around the world and then we bought about 4 years ago. As things tend to happen, we decided to move in July this year and are once again renting. I thought I would give you some idea of the factors that have influenced us

Location – we want to live in a certain area and house prices are so high it is…[Read more]

Podcasts are a great way to learn. I work full time, have 2 young children and a husband who works away a lot so traditional courses etc don’t really do it for me. That’s why I have searched for podcasts that I can listen to when I have the time.

Kaz and Den’s Everyday Property Investing Podcasts are great if you are just starting out, and even…[Read more]

I set up the Offset anyway just in case it mattered for investment purposes. I tend to only believe a small proportion of what the banks tell me and put more faith in what you guys say! Plus the banks have that clause that pretty much says, at this time the situation is X but whenever I like I can change the situation and not tell you. Didn’t want…[Read more]

Update: I called BankWest and was told the loan I can attach an offset account but the loan I have has a fee free redraw facility and I can pay as much onto the loan and take back off the loan as I like.

This being the case is there any need or advantage to setting up the offset account?

I have $38K surplus paid off the loan already and he said…[Read more]

Oh, and something else:If you don't have enough cash stacked up to take a big loan for a house, or just not quite ready yet, read more into the stock market, study individual financial reports from the companies you're interested and buy wisely. Money made in the share market is a nice springboard into real estate. My Dad personally still prefers…[Read more]

I think Mike Lloyd is in Melbourne, I will find his info for you

Mike Lloyd – Principal
Fusion Finance – a mortgage broker
mike@fusionfinance.com.au
http://www.fusionfinance.com.au

No connection except for what I have seen on here. Next time we need a broker I am planning on giving him a call

Cheers
Ruth