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  • Profile photo of Mcubed82Mcubed82
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    @mcubed82
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    Post Count: 32

    Thanks again for your response! cheers

    Profile photo of Mcubed82Mcubed82
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    @mcubed82
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    HI Everyone,
    I use to live in Middlemount for 13 years and would have to agree that it is a really nice lovely town
    I believe that Moranbah and also Blackwater have more available in terms of houses on the market,
    I would def buy in blackwater. I have also breifly live in blackwater aswell, its a typical mining town, lots of work around, only 2.5 hours to rockhampton, theres a airport there etc woolies
    cheap and exy homes, (mainly new house and land packages)
    would def buy in mining towns
    mel :-)

    Profile photo of Mcubed82Mcubed82
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    Hey Everyone

    I am also in the middle of doing this and we are arent sure how to go about, or rather which is the better option

    The place that my sister and I have has been valued at $400k, we paid $336k for it in aug 07

    she has found a place that she is looking at buying in rockhampton, so I was initially going to buy her share out,

    It is a 60/40 split (me 60)

    after looking at buying her out I was going to be doing an injustice to myself , having to pay fees, stamp duty, cap gains etc

    so atm we have it on the market to sell, but then we have agents fees

    is there a way around this:? ie is there anything called a spousal deal? or something

    keen to find out some info

    cheers
    mel

    Profile photo of Mcubed82Mcubed82
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    @mcubed82
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    I think what I am able to ask is a little different,

    I have a purchased a house with my sister and its a 60/40 split,
    we now want to sell or I buy her out but I dont want to do an injustice to myself and out lay too much in fees ie cap gains, stamp duty
    should we sell or should I buy her out
    please advise,

    Profile photo of Mcubed82Mcubed82
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    @mcubed82
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    is this available with other banking institutions ? or just CBA? cheers mel

    Profile photo of Mcubed82Mcubed82
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    Can you still claim a portion if you the owner is stiill living in the house, but u have someone paying u a weekly rent?

    cheers
    mel

    Profile photo of Mcubed82Mcubed82
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    Hi JPS
    Just reading this,
    can u please give me an idea as to what u paid for the property to get this sort of rent, $400

    cheers
    Mel

    Profile photo of Mcubed82Mcubed82
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    hey there, thanks heaps for your respones,
    I don;t have a mentor, are u offering? i love getting advice on topics i love

    cheers
    Mel

    Profile photo of Mcubed82Mcubed82
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    @mcubed82
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    haah! no way, not by the way they played last week!

    Profile photo of Mcubed82Mcubed82
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    @mcubed82
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    Hi,
    Firstly, check out this month's edition of 'Australian Property Investor' as I am featured on the front cover hehe :-)
    + I have purcahsed in Margate which I believe is a really good area. Deception Bay is the bronks! :-( Redcliffe is pretty good, Although if you were going to purchase I would suggest Woody Point (on the water but not bondi prices) also, Scarborough.
    Avoid brighton aswell.
    Hope this helps

    Mel

    Profile photo of Mcubed82Mcubed82
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    great idea! please add me

    [email protected]

    Thanks
    Mel

    Profile photo of Mcubed82Mcubed82
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    @mcubed82
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    propertyinvestor08 wrote:
    Hi Mel

    Wow, what a coincidence. I co-founded a property group (http://www.propertyknowledge.com.au), which aims to assist young professionals to invest in property.

    I am a property investor that started at a young age (19) and have learnt a lot along the way. 

    I would welcome the opportunity to talk to you about any potential opportunities in working together.

    ____________________________________________

    Great! sounds good – please email me at [email protected] and we can chat about our experiences etc and this up and coming mag,
    ta
    mel

    Profile photo of Mcubed82Mcubed82
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    HAVE U STILL GOT THEM?

    Profile photo of Mcubed82Mcubed82
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    Thanks World Changer!
    Yeah! I really enjoyed doing it.

    Thanks for your feedback.

    All the best with your investing!

    Mel

    Profile photo of Mcubed82Mcubed82
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    DAEDALUS
    I from Middlemout, well originally. I live in Brisbane now and work in the mines west of Townsville. However, I have family there that still work in the mines. I grew up there and left when I was 13, I am 25 now. The town has definatly grown. I believe it is Laurie Daly that has a development on the corner there (heading into town , near the pool). I guess, the house prices in this town are all relative to the industry and current market for that area. Years ago it would have been crazy that a house would be 300-500k in a small mining town! I know that there are alot of CFP properties in Moranbah. would be good to get something there! I guess with everything though, in time the mining boom wil pity out. IN saying that though, I do know that there is at least another 15 years+ mining of coal in mines near Middlemount,, so ppl are always are going to be wanting to live somewhere.

    Ps check out my article in Australian Property Investor – May edition – young guns
    cheers

    Mel

Viewing 15 posts - 1 through 15 (of 15 total)