Apparently building figures released this morning show another increase, but it was mainly attributed to appartments not houses. I think there is still some growth in the market though not at the same speed we have seen over the past few years. Interest rates are tipped to go up half a % over the next year, I don’t think that will slow things…[Read more]

Perhaps a few extra details could be on some use.

Where is green point?
Block size?
cost?
What is on the ajoining blocks?

McDeyess

Hobbies,

Investing – Property and Shares.
Basketball (Keeps me active)
Camping & Fishing + Beer (Great stress relief)
AFL (I am an Essendon fan but live in Brisbane so go and watch all the Lions games)
Cricket (Beer, sunshine and cricket at the GABBA)
Computers
Beer (time for another homebrew batch me thinks)

Through writing this list it only…[Read more]

Yeah I have believed for a while that QLD still has some growth. One of the valid points someone on this forum raised against it is the job market here. I do agree having moved here recently I know lots of newcomers looking for work, it is there but not as easy to find. Mind you that is just annecdotal *cannot spell* evidence, does anyone know…[Read more]

I don’t know if I am bored at work, I just use the quite times in the morning and lunch time to have a look at what is going on. I am pretty addicted to the forum so sometimes that is hard.
Oh yeah I work in IT also as a sys admin/manager.

McDeyess

Cremin,

I wouldn’t waste my time asking the vendor if it is a nice area etc, they can easily lie as they have a vested interest. In some contracts for sale it stipulates that the Vendor has to provide you the names of ajoining neighbours if you ask. I would certainly do that. Then rock up on a weekend and see if anyone near the place is out in…[Read more]

Thanks very much Mel. It wasn’t for refinancing just trying to get an idea if my PPOR is good value. I will give them a call, thanks for the pest inspection contact also.

McDeyess.

Hello,
On a slightly seperate but related topic. You can take a Contract of sale to most Conveyancing solicitors and they will review it for you at no cost (with no obligation to do conveyancing through them). You can do this before you sign it if you feel that you have time and are not confident with these legal documents.

McDeyess

I am not expert but I did until recently live in Canberra for 22 years. North Lyneham is certainly a good area location wise, but I think you would find it very difficult to get positive cashflow properties there at the moment. With regards to Canberra in general I would wait to see what the market does there it could be very close to its peak.

McDeyess

Hey caz,

I think like most things it is a case of due dilligence. I am in a similar position right now with getting my PPOR, I went to see 4 banks before I spoke to a mortgage broker so I could see what was out there myself. Didn’t take long maybe half a day I would just walk into a bank and say I wanted to talk to someone about getting a home…[Read more]

I for one don’t think they should or will abolish negative gearing. IMHO any time the government fiddles with a market to change it’s dynamics they just make things worse….for everyone. The suggestion it could be better spent to benefit the community is laughable. I work in government and see money wasted every day that could better benefit…[Read more]

Housesonly, I live in QLD also, great place isn’t it []
Some of the reasearch I have read suggests QLD could move up another 10 – 20% by 2003, after that things could become more interesting again, I think Warren Buffet is the one who said 2008 is the year to look out for with regards to the baby boomers so look for them to come in droves. Your…[Read more]

Hi there,

I am more a newbie than an “experienced property investor” but from my own research and reading of this forum I would say hold off for the crash in Sydney, Canb and Melb. QLD still has some potential for growth due to it being a little behind, seachange effect and migration patterns but it certainly isn’t easy.

Since the release of…[Read more]

Nick,

That was a great post, really informative and useful as I am also looking at the Trust/company structure with its various pro’s and cons. Can I ask where your information was sourced? I am wondering how useful you found wealth guardian to be?

McDeyess

Thanks for the tip Birdman I will check it out. I am looking at a couple of estates they are building in a North Brisbane suburb. One is mainly stand alones houses on small blocks, while the other is more the semidetached townhouse style you refer to.

Regards,
McDeyess

Thanks for the responses guys/gals?? Point taken re: Government interference. I understand it has always been difficult to take that first step however I think the current figure is that housing affordability is at it’s heighest point in 13 years, so I think something can be said for the current market getting more difficult in my time (13 years…[Read more]

To a certain extent I do agree with you Crashy. Certianly being lazy is not going to make anyone rich. One of the things I have picked up from my readings and conversations with wealthy people is that they all do work hard. But working hard is relative, they love what they do, whether it is buying property, trading/investing shares or whatever…[Read more]

Hey Spanner,

Your situation sounds very similar to mine (except of the getting burnt part [] ) I was looking at maybe using the FHOG plus some of my savings to get my PPOR. Then using the rest of my savings to buy a place with an Interest only loan. I would use the Rent money to pay extra off my PPOR mortgage for a while, when the rental…[Read more]

Just a quick note on CFD’s and dealforfree. I went to one of their seminars and the concept looked pretty good to me. But then again I am new to stocks so am trying to learn before more before diving in and using leverage. One point with regards to cost that doesn’t appear to have been picked up in this thread is that at the moment the ASX will…[Read more]

Thanks Steve,

Your response is very interesting, I also noticed during the seminar that he was using diagrams of income flow comparing poor, middle-class and rich that look surprisingly similar to what is found in “Rich Dad, Poor Dad”, this was even more interesting when one of the quotes had a source of the books author Robert Kiyosaki. George…[Read more]