redcliffe council sold its soul to the developer and unfortunetly doesnt have the infrastrastructure to support the population.

“market has had its peak”….you say. Some of us have our eyes on the NEXT peak.

I have a coupla houses in ipswich an I gotta say I love ipswichwith its old world charm and all those original queenslanders just screaming to (as the agents say) be brought back to their original beauty. And yes I know the River Link is gunna put ‘Dinmore prices…[Read more]

Yes I’ll be there. Plus drag along a mate who is also an investor.

I keep meaning to get along to the salisbury meeting but tis way down south and Im at Sandgate.

a big smoochie MWAHHH to you. This site is fantastic for me as I intend to now handle all my properties.

I used to use our family solicitor for all my conveyancing. Over the years there were hold ups and stuffups. Lets face it….the solicitor doesnt do the conveyancing, the office staff do. Ive had the solicitor tell me an extension on a contract was required and that could have given the vendors an out if they wished.

Last time I bought a house I…[Read more]

frankly MK I take written references with a grain of salt. Anyone can write a reference. THey are only part of what makes up the ‘whole picture’. You can get a ‘feel’ for a person in just five minutes. The most ideal way to screen the potential tennant is to act the handyman, changing lightbulbs, fixing the smoke alarms. Then you simply have a…[Read more]

hey thanks for the tip Stuart…ill be sure to put NIL in the contract next time.
and Terry you may say the interest charged is common practice now but the agent who sold me the property hadnt seen it done in the 15yrs she has sold houses.

all water under the bridge….im happywiht my purchase and feeling sore but satisfied from doing a weeks renovation.

hey Qlds007, wot are the probs with Forest lake? I ask cos I have been thinking of purchasing an IP there. I hate these tiny blocks tho. 300 sqms with the house taking up the lot.

I love ipswich and its old world charm. In fact I have 2 IPs there. Streets and streets of original queenslanders. I really hate the new, sterile, boring looking new…[Read more]

thanx for the comments folks.

I can certainly set up an internet network.. good idea. I like the white goods one too. I love the weekend shopper.

The house is situated in an area of high rental demand. 4 bedders rent between 270- $330/wk. I see no reason not to aim for the latter end.

I take your point Brahms that many a single person has…[Read more]

Good choice Jamie. If i was 18 Id be getting around on a moped. I still might but the kids would soon complain about running along side.

I rekkon yud have to contact a few builders to get some idea of the cost. I tend to purchase highset houses so I can wack in a granny flat to rent out downstairs.
good luck

hey thanks for the advise Stuart.

hehehe yes this sounds familiar. My folks were forever teh doomsdayers. Tis probably best just not to mention the latest purchase.

But remember THEY are the ones with the problem. They have chosen to worry about these things. Seems to me if it wasnt IPs it would be something else. Don’t make it YOUR problem.

goodluck

this is good ptn. thanks for explaining your formula. I havent really given enough thought on how long I can last on $130k which is why I am very careful of where I buy in the next few yrs. I need to buy where I am confident they will increase in value so I am able to refinance in 2 or 3 yrs time. I am counting on properties doubling in value…[Read more]

ive always advertised my granny flat at http://brisbaneexchange.com.au/

ads are free. you could give it a go.
goodluck penguinchick

this ‘living off equity’ as Derek and terry have described is really exciting stuff….i know cos IM DOIN IT! YIPPEEE.

I found myself in a similar (tho not as rich) situation as you carpe_diem. widowed, 4 kids, a PPoR and juggling two IPs to keep them below the asset level to be eligible for Parenting Payment. AND i was managing this, but I was…[Read more]

I think we should all go invest in those inner city places that MD talks about TODAY!. We will increase demand, push the prices up and thus improve the value of the area. Of course then we can put the rents up and those undesirable ‘riskier’ low socio-economic tennants will be forced out.

What I am more interested in is: Are these cheap parts…[Read more]

hi there skippygirl

you can forget Centrelink. Puds idea is teh way to go.

I have had enough trouble with Centrelink and they bend no rules cos they are bound by govt legislation. And your friend is way over the asset level.

A few yrs ago I used the equity in my house to purchase two investment houses. Before I did this i checked with…[Read more]

hi there
I just don’t get why you would want to spend that kind of money on your home when you say you are scraping together every last cent and will live on baked beans for two yrs.

I CAN understand scraping together every last cent and living on BB’s for two yrs if I was investing that money that was going to give me a fantastic return.

Or I…[Read more]

[lmao][lmao]

Well i think its a curious point about possessions and rent when someone is packed off to gaol.
However not really teh muslims you used as an example. They seem a rather close knit community and I’m sure someone would be there to help out their ‘brother’. Even if htey didnt pay the rent, Im sure they would pack up his gear.

And what if someone is…[Read more]