that is the one , thanks guys you rock!!!!!          

thanks guys , I think I will give rent.com.au a go!!

thanks guys , I have just been informed that you have to be a agent to list on realestate.com.au ,does anyone know if this is true?

thanks for your advice  , v8ghia  there was an article in the paper a couple of weeks ago which was aparently done by Australian Property Monitors , it outlines future growth for most of melbourne over the next 3 , 5 and 10 years periods , I was just wondering how accurate it was that was all. cheers

ok thanks for that guys , Richard wouldnt it be easy to get soemone to agree to this , considering they get an extra 3k , and they are guaranteed they will sell there property anyway??

ok Terry so does that mean for example if I find a property I wish to buy for ex $400k  ,  I enter into a put option agreement for say $3000 with a 4 month settlement , then I find someone who wants to buy the property for say 430k , does this mean I pay stamp duty on the $3000 , and onsell it to the third party who will then pay stamp duty on 4…[Read more]

could you please explain what a put or call option is and how it works ?? thanks

i understand what you are saying Scott but I dont want to live in the area where my IP is as it it too far for work , is there any other way I can achieve this??

thanx guys thats what I thought  , Mackar yes I guess it is really like a first home buyers grant really , I suppose every little bit helps those that are starting out , I dont know what the market is like in Qld so I am unable to say if the market will be stimulated , but I do remember 8 or so years ago in Melbourne when they introduced the 14k…[Read more]

Elkam am i correct in saying this is Caulfield South ? Would you expect 100% growth over 7 to 10 years?? ps as a fellow neighbour when i move in , if you need to borrow any sugar or eggs you may knock on my door .lol

Elkam it was Pyne st which is one street from glenhuntly road on the north side , i thought it was either caulfield or caulfield south!

ok thanx Richard I think I almost get it lol , So if I sign a call option for say 5k and I am unable to find a buyer does that meani have to settle on the property or do I just lose the 5k?

ok , I think I get it  , so if I purchased a property as an option how do I do this ??? Assuming I find a property for 300k  and I feel it is worth 320k , Do I purchaes this property as an option with say a 90 day settlement , find a buyer for 320k and onsell it before settlement or on same day and avoid paying stamp duty , is this correct?? Ha…[Read more]

the property is in melbourne , Caulfield  , i brought it at auction ie contract , i believe i bought around 30k less than market value and in 3 months i believe it may be worth a little more , are there any ways around the stamp duty ? and paying CGT ?? Collen when you say you have to pay 100% CGT , does that mean if I made 30k profit I would pay…[Read more]

thanx for your info jonchu , I understand that noone has a crystal ball , however I thought there may be some investors who have owned or still do own apartments in that area and may have been able to tell of the growth that they had achieved , in relation to previous sales history could anyone reccomend any good websites where I may obtain this…[Read more]

thanx property power , I had look at the link , it was quite interesting , did not know that it covered all those statistics , cheers

thanx Nelson , I was going to put an offer on a townhouse today , but someone beat me to it , oh well will have to keep hunting

thanks for your advice guys , I decided not to go ahead with this one as I only had 14 days to find out everything I needed to know therefore didn’t want to rush into something I wasn’t 100% sure about , doesn’t matter plenty more opportunities out there.

thanx everyone , might give the old melton a miss for now ,

dont take financial advice from poor people