Forum Replies Created
lol lisa. I know how you feel. You've well and truly got the realestate bug. It's so exciting AND frustrating..
I'm in the waiting game at the moment also. I have 5 IPs and my PPOR that I'm in the process of renovating to free up more equity.
Certainly see what you can do in the way of improvements to increase equity, but sometimes we just have to wait for the market to improve.I agree with the advice you got from the woman banker. Switch to IO loans and save the money for a new deposit..And perhaps you might consider aiming for a high growth area for your next purchase. Yes i know they are expensive but it will be worth it if it increases 10%+ per year.
Anyway we all have different ideas about investing.
good luck
Thanks a lot for that Michael. I'll be there.
I realise seminar/exhibitions like this have a bias toward buying of property. API mag, brokers, financiers, reno kings, even the caboolture shire council has an agenda if they want to encourage investors to purchase houses for the many renters.
I wonder if Foundation should give his doomsday seminar about the crash in the housing market to give me a balanced view.
wanna bet opportunity?
There's been talk of a railway for a hundred years. There was talk of a station at rothwell linking to the caboolture line. There was some talk of a monorail across to brighton.
ANdrew Bartlett quote:
The railway to Redcliffe – a city on Moreton Bay on a peninsula just north of Brisbane – was first proposed around the end of the 19th Century and is probably Queensland’s oldest and most regularly broken political promise.http://andrewbartlett.com/blog/?p=1010
you mentioned earlier about the amalgamation of councils, I don't think redcliffe will fair well out of that. Of course the rail needs state and maybe federal funding.
IF ONLY qld was the size of Vic! We too, could have beautiful roads and all the facilities. oh well I'll put up with second rate infrastructure and facilities for blue skies and sunshine.
Actually Richard is very experienced and efficient broker /financial advisor/ investor and has been in the game a long time. He knows his banks, the deals they offer and has a backup one lined up if something goes wrong with finance (he rescued me when I stuffed up some paper work). When time is of the essense he hand delivers or arranges a courier. He bends over backwards to get the deal thro in time.
I do not believe for a second that he meant to 'sink the boot in'. Maliciousness is not his nature. Your own broker is probably just as efficient. But you have to admit there has been much negative publicity about every tom dick an harry setting themselves up as mortgage brokers. Yes you wrote to the forum for 'help needed' but it is really up to your broker to get you the finance in time. That is what Richard was pointing out .
Sorry Richard if Ive embarressed you for flying your flag
'"your attitude to the area is the same as any local."
yeah cos im a local I know how much that beach stinks from masses of seaweed that doesnt get washed out like a surf beach would .
as for the beach………..yeah only a victorian would consider swimming there
. In summer we, like most brisbanites head to bribie, Caloundra or the gold coast for our morning swim and head home at 10.30 when it gets too hot to be out. Redcliffe is good for a picnic.time will tell how much growth there will be there. All I know is some ppl there have been waiting for the 'boom' to hit redcliffe for a very long time. for example my parents moved there from vic in '75 absolutely positive that the area ' had to go ahead as it was almost surrounded by water'.
