Dear Dessyray,Thank you very much for that insider information.I have 1 rental in Dysart and have been concerned about it given the job cuts and the sudden increase in houses for sale on realestate.com.au. Your information is very valuable, especially for someone living out of QLD like me. As you say, even if the rents suddenly halved, it would…[Read more]

Hi All, Thanks for your feedback. Sorry for my delayed response.Builder Bob, Thanks for your input. I used a Town planner from a company called GSPC. The planner himself was good to work with, but now he's left and so now I have to start from scratch with the other planners. The current planner I'm talking to now is Sunil from GSPC. Do you have…[Read more]

Hi all,Thank you for all your effort and contributions. I haven't checked into this forum for a very long time and now I wonder why not.I bought a house in Dysart in Dec 07 with the idea of building a second dwellng at the back. After 6 months of working with a town planner from Rocky, I just found out this week that it had been rejected by…[Read more]

Hi Tony,
Thanks for the response and advice. I’m just trying to sell some ordinary properties, at fair market value. Given the current market in Australia, I just thought it may make sense to try and access overseas markets.
Best, Ninie

Thank you all for your input.
Dr X, I’d like to ask you specific questions later. My computer has crashed and am using a borrowed one right now so can’t stay to write.
Best, Ninie

Thanks for the input G7.
Anybody else has any comment or experience?
Best. N

Hi Luke,
Thanks very much for your comments.
There was 1 other enquiry similar to mine in the forum and the general consencus was that because of bank’s unwillingness to leand more than 65% for properties like these, it can be difficult to re-sell.
So, I will need to do further research.
Best, N

Thanks everyone,
But isn’t Magellan right? Wouldn’t the rental income be considered income?

N

Wow KS!
Thanks for your input and suggestions. very interesting and definitely an eye opener. To answer your questions:
I don’t have any debt per se-I use my credit card as a convenience and pay off everything on the due date;
my investment history in property has only been 1 buy-slightly develop-sell;
I’m married and my husband who works full…[Read more]

Hi Jay,
Thanks for the info.
N

Hi Oshen,
Thank you very much for your very detailed reply. I understand that the amount of the loan over time would diminish percentage wise in relation to the value of the home. But what about if I’d like to one day actually own the home? say after 20 years of doing PI and getting a few +ve cashflow properties, I’d like to retire and not have to…[Read more]