I met Nathan at the last Mega Conference. He also was looking into a deal for me. I just couldn't make the jump to buy over that way when my other IP is so close and handy I can drive past it every day. Maybe another time… Another friend of mine, Wisepearl infact (hope she doesn't mind me talking about her here?!), said she looked into IKEA…[Read more]

$2500 is a good price. I will have to look at spraying ours since it will have to be guted anyway. Where did you get the $1200 kitchen from? Is it laminate? How big is the bench space? That also sounds good!Cheers.

You have my vote. Hope you win!

Thanks Terry! I left and then realised I was on the right track. Doh. Now I wonder though what the "generally" means (unless you mean the year it was acquired?) Cheers

Hi EngeloSounds good to me. It won't surprise you that I am a newbie! I have a project I am looking at and I was thinking it would be around the $37 – $40k mark. This house (possibly) needs a few stumps lifted, it needs a new kitchen, a new bathroom, a paint job throughout including the ceilings and some patch work. Also needs new flooring and the…[Read more]

Well done, sounds like a good deal.I would like to know how you are going to do this renovation for $15k and what the secret is? Is it only a small job – it seems big to me.Cheers.

Yes, that is correct. The families that have made a bit of equity, usually, who want to upgrade their PPoR as their family is increasing and or want to live in areas that are closer to their needs such as schools, etc.

No worries. It was a while ago we were talking about JL anyway.I am looking to get a report off him in the near future regarding a few suburbs. Hopefully it all stacks up. Other then the 'final buyers market' I think he encourages the 'family home market' – but don't know what he calls it. The banks are more likely to lend to someone who is buying…[Read more]

fWordPardon me, I thought you and I spoke about John Lindermans' book in this thread – or was it someone else? Whoops.

//When the sharemarket does recover and levels start heading towards the peak again, the boomers would retire en masse. And that's when they'll be selling their investment properties. The boomers have literally watched their nest eggs vaporise in a matter of months and they're in a bit of a pickle…too few working years left and facing too big a…[Read more]

Hi TrevHow come you don't have to pay stamp duty when you transfer it to your wife's name? I wasn't aware of that but perhaps it's a differing state law.Cheers.

Yes, I did. I found out in Melbourne last week! Lol.

Emma, sounds interesting. Looks like you are on to something there. After your DD has been done I might have a bit of gold I can lend you. Might see you at the next meeting Cheers.

Hi EmmaDid you get a chance to speak to AS from APN yet? He would be the first person I would go to for any hairy question you may be trying to figure out. Just a thought.Nice to see you again.

//Australia is no different to any other country and the huge debts to finance our property bubble will catch up with us some day. Lets just hope that we learn from it this time and stop easy credit in future generations to avoid it happening again.//I wasn't aware that we had the same 'easy credit' that places such as the US gave? I guess it…[Read more]

"Step 8. Baby boomers have to sell their properties now that the value of their super has halved and they need something to live off. This adds further downward pressure to the viscious spiral"Isnt this already happening? For those that have lost big money in shares (via their super) they have already been selling up, no?

So should have bought there when I was going to. Lol. Story of my life – a gunner. ;P

Sounds great, mattnz. Is that Gladstone by any chance?

So are all those that are saying that the end is coming, or there abouts, are you all selling up your property and putting it into gold, cash, something else? Or don't you have property to begin with? Honest question!

Hey WisepearlHow is that reno going?? Be good to hear