I totaly agrre with the The Motgage Advisor.

Because i live in Sydney as well if i even purchased a house 60km out of centre i wouldn’t be able to invest anymore becuase you will be strepped as more than 90% of people!

To be a successful property investor you need to go out of your comfort zone in order to make a big leap and reward as oposed to…[Read more]

To say market is booming ! or starting to boom becasue banks are lending money to people more than before has nothing to do or very little to fact that market indeed is booming or recovering.

To give you abit of indsight

Sydney is falt with only few pockets increasing in price.

Qld is flat as it can be.

Sa i firmly holding and few areas are…[Read more]

Hi,

Near costal areas of adelaide that have not too many units being developed is a good starting point.

Espacially if you buy near the suburbs that are well known and expensive.

It just depends on what your plan is. Investment future paln.

Rememebr

If you Plan to Fail you Fail to Plan.

Cheers,
[biggrin]

Hi,

One thing you should stay clear of is area where they have alot of units and more are getting build.

the reasons:

1. You unit will not appreciate as there is oversupply in short period of time

2. You will have difficulties increasing rents and having high occupancy rate as a result of oversupply and tenants having the power to choose and…[Read more]

Never buy in area that:

Is flood prone.
Has 500 people and population is decreasing!
Don’t buy just becuse you found +Ve property without doing all the research on that area first as it could be disasterous!

and remember:

A winner knows when to quit and walk away. A winner must know that losing is part of winning if you do get into the…[Read more]

Hi,

There are definately few areas that will be increasing in price in not too distand future…

If you read the SEQ Draft you will have a fair idea of what is going to happen and what areas will benefit as a result more that the others.

Ipswich it’s a good start but areas that are close to the coast would be most favourable.

If you want to…[Read more]

Yes it is great time to buy in most of the states but i’m not too sure about Tasmania.

You can find much better properties and higher appreciation in SA, QLD and WA at the moment.

Market is flat in most of the QLD and WA where SA is holding pretty well in most of the parts.

Make sure you have a investment plan of where you want to be and how do…[Read more]

That is true. Whenever you say about investing or try saying that you are thinking of buying interstate in other people eyes it is seen as you are crasy, you just want to make money and don’t care about anything else etc.

My advice to you is to gather people in your cicrce that think like you or are at least open to new ideas and are willing to…[Read more]

Hi andrew,

If you look in older pages in the forums you will find out that this questions has been posted already and there a few pages on it.

However they do exist and i just aquired 4 of them.

I’m in a process purchasing 6 more but i ran out of depoist so i’ve got to find a way around to make it happen.

There is a top on all the stories of…[Read more]

Hi to All,

I think that purchasing a property that is 110K and rent is $ 200 is not a bad deal but keep in mind that you are waitning for property appreciates in value (hoping) and if that is why you would purchase negatively or neutrally geared property that for me would be risky.

As we all know we can only guess and get roughly close to how…[Read more]

Thanks Melbear for the Info and Julian for the information.

Julian i’m wondering do you know of any realestate websites that you can use to search for NZ properties either commercial or residential?

Are there any good forums from NZ locals?

Thanks once again for the information.[]

Thanks Jim,

My problem is the deposit. And that is why i’m considering IO over IP becaue if i want to purchase 30 houses in 4 months i will run out of money very quickly! Im’ just planning to do that at the moment so i don’t get stuck and have to refinance and pay exits fees etc…

I wonder how Steve Mcknight done it as buy and Hold strategy at…[Read more]

Quote:

I would like to take a look at the properties that you have found? I’m happy to pay as fee as long as i can know abit more (Purchase price, yield, rent etc)

My email is mirzatt@yahoo.com

Wow .. I’m happy to see that people are still finding PGP (Positively Geared Properties) and are closer and closer slowly but surely to their GOAL !

December 2003

Bought 4 properties (2 maisonettes)

1 for $ 127,500 rent $260 other $ 84,500 $ 220 rent.

Strategy Buy and Hold altough might change in the future.

Hi all,

I’m just wondering can you claim Land tax in you tax return as an investment/business expense?

It might be a dumb questions but i would like to know.

[:X]

Hi to All,

You can claim most of the things just keep your receipts and if unaware you can always ask people at the forum and buy a Taxpayers book for 2003 2004 where all the laws and regulations are there regarding the tax return…
[]

Hi Ashley,

There is always time to research for properties out there. Search using http://www.domain.com.au, http://www.realestate.com.au for property listings for a start.

Before you conentrate on purchasing a property Have a Plan FIRST! You can get in deep TROUBLE if you are going just by luck. Make sure you got the plan first and then you can be more…[Read more]

Hi,

I’m wondering do you know of any websites that particularly search for properties in tasmania like realestate.com or something similar?

I would like to know how much properties are in general and see if there is anything available!

Thanks…

[]

Hi,

Land tax is calculated on each individual property. If you bought a double-unit or maisonnete under 1 title then you would pay land tax for one. However if it is under two or more names then you would pay land tax for each.

Land tax varies from state to state so make sure you know how much land tax you would need to pay.

Good source is to…[Read more]

Thanks Mortgage Hunter for the advice.

Speaking of IO loans most as i can gather is that you can only repay IO for 5 years and then you have to pay the prinicpal.

If i was about to make extra repayments from time to time while i’m on IO loan does that reduce the interest or Principal as well?

Just curious because if that is the case then i will…[Read more]