qlddk wrote:
Emerald rentals just fell on its face…
I would be very careful about buying in Chinchilla and I work out here right now.
42000 workers? maybe, but no all at once, and most in FIFO like me
then afterwards, maybe a few thousand workers fulltime, some/most might live here
I am interested in the whole trust setup advise…[Read more]

Qlds007 wrote:
On a separate issue are you sure you can get a 95% lvr in Chinchilla?

My friend works for the company I'm going with I'm being told Commonwealth will offer LVR of 95%-90%, I will most likely contribute 7.5%-10%

Terryw wrote:
You forgot to mention lawyers – A trust is nothing but a bunch of legal obligations.
.

Yeah rookie error there, thats why we ask questions haha. I have a conveyancer, can they advise me on a trust? I am also interested in the legal side, in case the unthinkable happens ie) getting sued, she devil partner taking my hard earned…[Read more]

Thanks for the input guys it has been helpful. While Brisbane is on the rise again I think it's best to wait until I can get in at a higher end of the market. I have also lived in Ipswich for 6 years and some are advising me to look there to get in cheap. I just can't see ipswich being the performer it claims to be. It has some benefits but think…[Read more]

adriannqld wrote:
Come on, doesnt anyone here have a Crystal Ball?

haha would make this property investing thing a little easier eh?

Brisbane looks attractive being the bottom of the market atm. I don't have a partner mate so will get a female friend to pick colours for me maybe . .

Although thinking about Chinchilla/Miles region, lots…[Read more]

Thanks for the advice. I grew up on the east side of brisbane so I may have an advantage in that area. I am exploring a few different options at the moment and your advice is definitely appreciated

I am considering Ipswich as i lived there for 6 years. Although there are many "markets within markets" in ipswich, some good and bad areas so I may need to do some research

I will consider either a unit or house but preferably a house. Will be looking to buy at the back end of this year if that makes a difference.

Thanks for your comment Freckle, its funny that you mention this as overnight I have decided selling is the way to go. Your stats have confirmed this for me so this makes me feel more confident about this thank you.

After the sales fees and adding in savings I should have $30K plus to invest in something else, a much better outcome I believe! Thank you.