For just construction I found 90k for 60sqm + a large decking area. The 2000sqm was inclusive of council contributions and connections.

Including council costs, approvals, designs and everything else, the cheapest I found using a builder was $2000sqm in Western Sydney.

Which is why I'm looking for alternatives which work out MUCH cheaper. 1 worked out great, the other one not so much

I’m considering buying pretty much right within the HC area of Bidwill. Bad idea even if I purchase the property for super cheap? Theory being the area is being cleaned up slowly but surely.

It somewhat strays from my criteria, as it is far from train stations tho well services by busses. Too big a risk?

Has anyone been getting the better returns here on recent purchases? I would love to hear about it. I do agree with Shahin that there is still capital growth left in the area.

Budget is fine, I have a couple in St Marys already and would like to branch out a little more.

I realise Mt Druitt has much larger potential with the train-line, access to highways and bus hub.
Yet I wonder, would Mt Druitt to already be 'over-priced' as such with all the investor activity there?

SIGN ME UP :p

Sounds too good to be true. Any legal opinions here?

Goals by Brian Tracy
and
How To Find Property HotSpots by Jeremy Sheppard.

Just add the words free and e-book after the titles in google, should do the trick.

As Jamie mentioned, there's a large thread with quite an extensive recommended reading list. Hope it helps

Sure, I’ll look for it when I get home to Sydney this weekend.

My colleague and investment advisor TOM RYAN, no joke, happens to be staying at the Western Ambassador this weekend. I told him about the offer, I hope you don’t mind

Use to live there and worked on the capital projects in the area. Have a flood map showing lidar analysis of the entire area on a cd somewhere which isn’t readily available to the public. If I can find it and figure out how to upload it I will.

Central: Close to everything except university. Prices are steady and some flooding along Fitzpatrick…[Read more]

cs_rlewis wrote:
From what i read i believe a negatively geared property is more suitable to lower the amount of tax you pay and is more likely to appreciate in value over time.
So from that perspective I do hope my property is negatively geared.

Well to claim back on tax, it means you are making a loss. Your property would have to go up…[Read more]

Would anyone know the CGT implications for my mates mum if property is purchased as a ‘favourable purchase’ for say $550k.

Is she taxed at the properties true value, and in the future is her daughter taxed at her purchase price of $550k effectively double taxing the family for the value between the two prices?

As a rule of thumb if total incoming rent is greater than your Interest rate + 1% on remaining loan amount, then your place may be positively geared.

Thanks for the replys, helpful.

Hoe would you describe deposit finance, I haven’t heard of it before. How would it work?

Also as the mother has a cleaning business, is it possible to purchase it for $550 and pay say $30k/year for 5 years as a cleaning and property management fee. Would this remove the CGT and allow me to pay her the rest at 30%…[Read more]

Off the top of my head…

PROPERTY BOOKS
All the authors you mentioned above.
Particular books:
0 to 130 Properties in 3.5 years by Steven Mcknight is probably the best start
20 Must Ask Questions for Every Property Investor by Margaret Lomas (my absolute favourite property author, I recommend all her books)
An easier version of the above book to…[Read more]

Also when i scroll over the achievments icon the text appears behind all the writing so I can't read it.

Great Work to all involved!
On a downer:
The site keeps crashing on me, it took about 8 tries to post this 
And of course I lost my Lvl 8 badge… *cries in corner*

Loving the new look, much more professional looking, and easier to navigate (before it crashes).

Yeah, pretty much.

Need to connect electricity to main switchboard, can keep water together and just increase rent to include the water bill., tho I prefer to keep them separate at the extra cost to myself. You will need a licensed electrician with some sort of special extra accreditation to do the job. Make sure you call the electrical company…[Read more]

Landscaping, stairs and decking?Definitely fencing, and perhaps a shed for extra room outside.What about air conditioning? Dryer or clothes line? extra taps outside for water etc.?

There's a mob that does it for about 60k – I'll try to remember who they are. The quotes above wouldn't include approvals from council and connection to drains etc I'd imagine.Is your site suitable for the 10 day approval? Otherwise it can be a bit of a headache.

A number of my highly sought after friends who are fitters have just had their hours drastically reduced / let go in the hunter valley due to lowering demand from China.They say they have too much coal as is and don't know what to do with it.Thoughts on property due to lowering demand of resources?