I’m not a big believer in handouts but times are tough when it comes to first house purchase.

Ive told my kids, if the they save half the deposit, I will match it. This will proove to me they are serious and can make the mortgage repayments.

hey this is great Amanda. Ive decided not to sell my ipswich properties [biggrin]

yeah it’s funny the attitude some people have. I was brought up to live on rice if I have to , but make sure i pay my bills first.

I had some tennants who were very nice but invariably late with the rent. I was getting tired of ringing them. I explained to them that every time their rent wasnt paid my monthly mortgate wasnt able to be paid and…[Read more]

Well you could try Deagon. It’s pretty ordinary but still afordable. It’s about 20k’s north of the CBD, on the trainline, near moreton Bay and it doesnt have the crime rate that some cheaper ‘burbs have.

goodluck

thanks Terry

Yeah you’re right…..you couldnt get a unit under 200k. I know cos Ive been looking. Challenge the valuer to find you one.

I know both these places well. Caboolture is a lower socio-economic area with all the problems that that encompasses. There is a high demand for rentals but you may not want to live there. Tis a nasty heat there. But it is close to the freeway up to the sunshine coast.

Redcliffe is a mix of lower socio-economic and waterfront toffs. I like…[Read more]

thanks D, Unfortunetly I live in brisbane so cannot take you up on the offer. I’d offer free lodging for the duration but I’ m not sure that I can afford to pay anyone enough to want to stay at my house with four noisy boys.

anywhere on the northside.! YAY! [jerry]

everyone has their own personal favourites. Everywhere in SE qld experienced the last boom. Stick to areas close to the freeway that takes you to the Gold and Sunshine Coasts. You can get a bargain in outlying areas, like Redcliffe, Ipswich Pine River’s, Logan, but the proven continued capital growth is…[Read more]

Gee Im glad not all the young have this attitude.

My eldest, at 14 has just got his first job at KFC. For someone so young I’m very proud that he’s already made major goals for his life.

He wants to retire by 30 (an eternity when you’re 14). He plans to save as much as he can through his parttime job and reffing his beloved basketball games. He…[Read more]

erm……….how come you two have the same email addy? Richard are you talking to your wife here??
[blink][ohno][upsidedown][wacko]

yes Terry! I wonder the same thing. I have never seen any stats on people leaving the state and I know for a fact that many southerners come up here, find it too hot and miss their families and return to Vic within a couple of years.

Perhaps the effects of global warming will cause a population boom in TAsy.

In any case the government here in…[Read more]

Kuade i sent a private message to you.

regards
milly

Altho I always read the forum, mostly I don’t bother signing in. Today I found a message in me privates that was 4 months old. [rolleyesanim][rolleyesanim]

I dont know where you are but Brisbane city council states you are not allowed to rent out a granny flat to a separate household group.

Now it seems illogical to me that you can rent out a room to a border but not allowed to rent out your granny flat.

That being said three of my houses have granny flats that produce higher than average rent.…[Read more]

the tennant says he needs broadband for work. I rekkon he should’ve approached his boss instead of his landlords.

Let us know what he asks for next.

goodluck

you could pull out some equity and live on that till the $ come thro.

well I’m putting tanks in all my properties. After the state and local gov’t rebates, each tank will cost me only $200. I believe it will add value. I am also putting in the dual flush loos where I can. Gotta take advantage of those govt rebates while tehy last.
milly

gees Id be wanting an entire block of units for that much!!!
Take a look around and see what else is on offer. I bet you can find a better deal without having to pay 25k management fees.
Don’t go in partnership unless you really have to.

You must have had some vague idea about location. I tend to use the rentals section at realestate.com.au to get a good idea of rents. Extras like air cons, dishwashers, back decks or pegolas bring in greater rents.

goodluck

teacher by trade but now full time investor. I manage, renovate and repair my 5 properties. This means I am able to spend more time with my four boys (aged 7to14) and I have time to do some voluntry work at my kids school and attend their sports carnivals etc. I just love life. [strum]

My eldest has caught the property bug and is already saving…[Read more]