I can vouch for Leonie Dixon. I used her to settle a property in Brisbane earlier this year. Trouble free and very good value. Will no doubt use again within the next 6 months.

7.5% + GST for me.I only have 1 IP. The were going to charge 8.5% up front but she reduced to 7.5% without me even prompting.

Another important thing to consider in respect of the QLD stamp duty concessions for first home buyers (especially if you plan to go the IP route) is that in order to claim the concession you must live in the property for at least 12 months.Its not like the FHOG where one can conceivably rent the property out for up to but not exceeding 12 months…[Read more]

I think this might be the next question for me too – what is the rationale  behind Noel's seemingly arbitrary cut off point ??I mean what happens if you pay more – is it some sort of diminishing return ??? I am intrigued.

Assuming the bank will lend on 80% you should theoretically have $171,000 available to you… seems a bit strange that your total loan available is only $250,000 but they are an unpredictable bunch….That said, $250,000 should be able to pick up a house in the western suburbs and a townhouse/unit a bit closer in. The problem with Sydney is that y…[Read more]

Hi Dicko1980,

As a speculative investment I believe the growth will be there in the long term. Having livved in Townsville for the last 12 months I have watched the prices of land just south of where you are referring to in the Bushland Beach, Balgal Beach areas skyrocket to over $300,000 for the good blocks not far from the water.

The only…[Read more]

LOL … and I thought we never would either. The numbers just kkept on creeping up. I am a firm believer (especially when we are doing this one as a buy-reno-sell) that you make your profit when you buy – not when you sell. There are so many people in this pretty fast moving market in Brisbane who are throwing the asking price down on the table…[Read more]

No – the vendor has not signed the contract yet. Is there a formal way of “ripping it up and putting it in the bin”

I will be going out on a limb here but I would think, from a long term investment perspective that the corridor between the gold coast and brisbane would make a sound investment.

its growing rapidly and instead of the relative (to big cities) emptiness between brisneyland and the gold coast in 5-10yrs time that gap will not exist if current…[Read more]

Thanks for all the advice people. I have an appointment with a financial advisor tomorrow and will chat to my broker shortly after. It is patently obvious that I have a lot to learn and this is one excellent place to find information.

I actually inspected 13 properties this weekend just gone. Man, this is going to be a long a tedious process.…[Read more]

Thanks v8ghia … I did not know that LMI was calculated using a sliding scale…. I thought it worked along the lines of if you do not have the full 20% deposit then you are going to be slogged the full LMI….

I will take it up with the bank now…

Cheers
Ryan

I think realistically I am going to pay LMI regardless…..

We are looking to purchase within 8km of Brisbane CBD and I will not be able to get anything (house on decent land) for less than $380-$400k. Lets go with a worst case scenario and deal with a $400k property.

a 20% deposit (what I think i need to pay to avoid LMI) will be $80,000….…[Read more]

The block is located in a little enclave north of Townsville called Forrest Beach. It is not a “beach front” block but one about 100m from the water.

I bought here because Townsville is now, in my opinion, overpriced. Land in prime positions there is a big price. Just north of Townsville in Bushland Beach land is now priced around $300k for a…[Read more]

Interesting point youn have there LA Aussie…. please forgive my ignorance in respect of depreciation if I am off the mark but while depreciation is a handy deduction to have, isn’t capital gains tax still charged on the entire profit when selling an IP – effectively voiding any real benefits of claiming the depreciation in the first…[Read more]

Thanks Mortgage Hunter. Ideally I would like to buy investement property that are at worst nuetral and preferably +ve but I am really struggling to locate anything that comes close.

I figure that I am going to work for another 15years before I would like to slow down so the CG on these properties may well justify a negative cf investment in the…[Read more]