Thanks Roxy,

I did think of that. But issue is price. I saw some listing with plans and permits approved will cost around 120K to 150K more than normal lot with just STCA.

Do you know any other place where can I found planning or permit approved property other then the realestate sites like Domain and Realestate.com.au ??

Hi Ivan,

That is very nice brief. 

I think you are right and even we friends have considered to put everything on paper.

Ya I have read lot about this area and seems these areas are very promising.

How many developments you did in these areas and what was your estimated project cost. We are thinking of either villas or townhouses.

Thanks for…[Read more]

Hi Matrix 5,

That is also a good idea. May be I will go and talk to some good agents if they come across any such kind of property.

Thanks for your suggestions.

Thanks Oscar,

You may be right that there are many properties which are not mentioned or phrased STCA in advertisment but still it could be a development site. But how can someone like me can find such a properties other than looking for phrase STCA in the advertisements. Does anyone provide this kind of service who can check or find some good…[Read more]

We are looking in East, South East & Bayside suburbs of Melbourne
  – Bayswater
  – Frankston
  – Ringwood
  – Ferntreegully 

What trend we will see in near future in Melbourne? Is property market looking very positive for mid range property priced between 400,00.00 – 600,000.00?

If you are thinking to invest, which type of property you consider – unit, apartment, villa, house with land, townhouse ??

Any suggestions ??

Thanks Scott,

I will do the same if I will not get the response here.

Terryw, I think you are right that I am confused between Equity and Loan.

I understand if you withdraw more loan you have to pay the Interest on it and if you set up LOC you pay the interest since you withdraw the fund. But what if I withdraw the equity from my IP, do I have to pay the interest ??

Hi Jamie,

Thanks for your response.

Sorry for confusion. And also sorry for typo in my previous post. I meant Cash not Case …

What I am trying to ask is, If I have extra money, should I may a payment in your property and then withdraw equity from it for next investment or keep it cash and use it for next investment.

Lets say I have a…[Read more]

FinSpec wrote:
A lot will depend on where you are located.  It sounds like something that I've done to help a lot of new investors out, and it can be invaluable to have an experienced person by your side.  If you let me know what town / state you're in, I'll PM you some contacts that might be able to help.  And I'm sure that everyone else in he…[Read more]

Phil_Melb wrote:
Hi Microchip, Your stratergy for the $30K will cause you disadvantage. Reason  – Whilst they are both IP's your interest deductions will basically be the same. You're just shifting $30K from one loan to another, one goes up $30K one goes down $30K. Except you are going to pay refinance costs (your disadvantage). When you mov…[Read more]

WJ Hooker wrote:
your bank may charge you a fee and may not even allow it since you will have no equity in the house, but that another subject.

Thanks for your reply WJ Hooker. I appreciate your quick response. But I didn't understand above quoted comment. May be it is a different topic but I would like to understand it as I thought bank should…[Read more]