Can I make a few assumptions and ask a few questions?Im guessing you have not claimed your FHOG? Do you intend to claim it on your first purchase? If so, this may increase your deposit but decrease your ability to service the loan(as opposed to a rented investment property).Do you have a full time job? salary?Where do you live? city? How much do…[Read more]

Paullie wrote:
wtfNow its not even worth considering, as its negatively geared.

……… How the property market has changed in the past 12 months. From "Do Positively geared properties really exist?" to positively geared properties all around the country, I kinda feel for friends of mine that wont even slightly consider buying anything but a…[Read more]

Sam,Thumbs up for enthusiasm and im no expert in this field……..However, with such an investment, I believe that for finance reasons the property will be regarded as a Commercial Property and as such you would require a larger deposit to satisfy the lending criteria. I may be wrong about this though. If I am wrong, you will be up for Lenders…[Read more]

hey,its a pretty broad question which is affected by a lot of variables…. e.g specific local area? a unit in inner city brisbane is going to perform differently to a unit in coffs harbour etc. etc.Historically i have found that higher returns(rent) come from units, but bear in mind costs associated with units…. body corporate etc.Houses,…[Read more]

soro,Im 25 and have bought and sold a couple of houses, mostly investment.If you need someone to ask a few things, feel free to contact me via this forum.for the record, im not a mortgage broker or real estate agent or in a position to benefit financially from assisting you.cant guarantee ill have all the answers, but i will have some.Mick

I have tried a couple, Allianz, Comminsure and finally Terri Scheer insurance.I had a couple of issues with Allianz(even though im yet to claim anything) Their after sales service was pretty terrible.When ringing to upgrade my coverage with Allianz, they couldnt even tell me what I would be covered for, transferred me a couple of times and then…[Read more]

Thanks for all the comments, its been really helpful!Terry, just to clarify so I understand it better…… In simple terms when you say "maybe you could pay $120,000 with a $30k rebate for work not completed – eg a promise of a pool to be constructed before settlement. You are not deceiving a bank as there is not bank involved at this stage."do…[Read more]

For what its worth……It is possible to get into property at a young age. I did(24 now).Sure! I was eating noodles for a little bit there, and things werent overly comfortable. I had to sell my WRX and downgrade to a 1989 soccermums car. But i got there.Affordability is an issue, there is no denying it. But I have the following advice.Matt007,…[Read more]

I have read from several resources in regards to this topic of Peak oil, and while i dont debate that there will be ramifications I wonder if they will be quite this extreme. That is just a personal observation.I do have an agenda though for this post, given that you guys are obviously quite concerened about the current and future state of…[Read more]

I just had a quick look at realestate.com.au……………………….and only knowing a fraction of the details of your current house it would appear that he is asking a little much.A search for rental properties yielded just 11 results in Woodvale. 10 of which were for $500/week or less.Of these results 8 were 4 bed/2bath houses. (2 of these w…[Read more]

We have experienced the same situation here(to a lesser extent) in Canberra. Ultimately, in my experience the at the cessation of your current lease…… The landlord can raise the rent at his discretion(usually based off recommendations of the managing agent). If I was in your position, before giving a response do some research…. start…[Read more]

ormeau wrote:

Dan7 wrote:
 VERY INTRESTED WHERE CAN I GET GOOD ADVICE ON INVESTING IN NATURAL GAS, OIL AND PRECIOUS METALS AND WHERE CAN I PICK UP THIS BOOK.

Patriot soldier is on the money.  One of the best if not the best informative sites is http://www.latoc.com they have many books/dvd's etc full of information readily available for purc…[Read more]

Dan7 wrote:
 VERY INTRESTED WHERE CAN I GET GOOD ADVICE ON INVESTING IN NATURAL GAS, OIL AND PRECIOUS METALS AND WHERE CAN I PICK UP THIS BOOK.

Dan, I believe the earlier forumite was referring to the following book:"The coming economic collapse: How you can thrive when oil costs $200 a barrel"written by Stephen Leeb.Its a pretty good book and…[Read more]

Cheers guys!I guess that level of uncertainty surrounding a purchase is a little greater this time around. Thanks for your comments(and i welcome more).I might add that i had read the other post "Best advice:Don't invest into property:The Australian market is CRASHING" it does contain a lot of useful information, however I wanted peoples 'gut'…[Read more]

Hey Paul, Thanks for the post…….. Can I ask are you an American citizen or are you purchasing property internationally?Also, Are you purchasing the propertie/s under your personal entity(a a personal investor) or under a trust/LLC/Corporation.Reason for asking……. I intend(as a part of a small syndicate) to purchase US property over the…[Read more]

Hey,Im a young investor. You may not realise it but I believe age is the BEST leverage of all! My theory is: The younger you start investing the more time you have for your assets to grow and grow……..Just let me know if you can convice the banks on that one! There is no blueprint but here is a good place to start:Read, Read, Read. There are a…[Read more]

If you dont understand anything in what I posted, please ask.I will elaborate.RegardsMick

Hey again,Look at all this support!!!Your best bet, to find a reputable broker(important decision) would be via friends of yours who may have had dealings or at possibly via these forums. Be careful though, I imagine that if you have an initial bad experience with a 'cowboy' broker this may taint your view and force you to reconsider. If none of…[Read more]

It appears after contacting my solicitor again that I am unwarranted in my concerns in regard to him. The case as previously stated is ambitious and while still a concern it will be difficult for them(tenants/solicitor) to carry this through as there very little to support such a claim. Thanks for reading, Id still love to hear from anyone that…[Read more]

Hey,Thanks for the reply, I dont have insurance coverage for this.Id love to discuss it more but as its in its infancy Id like to leave the details out of a public forum. Other than the claimant alleges negligence on my part and that of the RE manager, not much more can be said.-Provide housing for the those in a 'lower demographic' and you will…[Read more]