I agree in part with the above its always important to set out with a good strategy.If you look back through some recent posts you'll find some pretty healthy debate about whats happening in the Northside Market.  A lot of talk seems to still centre on Redcliffe and the surrounding ar…[Read more]

Under $200,000 within 1 hour of a city.  I shook my head but its was still there on the screen,  goodness me.There are $1 Billion reasons to stay away from the bottom of the market.  Affordability issues ($1 in $3 for housing) and share market volatility (down 4%+) all in an election year.  Uncertainty. 

Wont have an impact on the volume of sales.  Sales will remain solid and another rates rise will be on the cards before November.First home buyers will still buy they will just have to move further from the city to do it.  Most first home buyers will be well advised to get into to the market now while they still can, another .25% rise will im…[Read more]

Taking a step back from the question.  What's right for the market you're building in?  Are you building the same as all the other properties in the street/estate?  Location/location.  Need I say more.  The more decisions we have to make the more temptation there is to put our own stamp on things.  Not sure as with many questions on this forum th…[Read more]

Opportunity In Everything wrote:
http://www.aibs.com.au they are very efficient. 

Yes its http://www.abis.com.au, sorry.

Milly wrote:
wanna bet opportunity?

Watch this space.

http://www.aibs.com.au they are very efficient.I would always be careful not to use a company that also carries out pest treatments. 1.  Will allow you to go onsite with them at the end of the inspection to point out any specifics2.  Will phone you with a report shortly after the inspection is conducted3.  Gives you a written report, not hand written tho…[Read more]

birddog01 wrote:
What is happening with that train line? Even if it is put in i believe the station is to be at Rothwell which isn't great for the ppl living in Redcliffe anyway.

Latest talk is that it will be a light rail line and recently the solution was that the current line/resumed land could be extended all the way to Redcliffe.  Not so…[Read more]

RedcliffeMedian house price Jan 2006 $251,000Median house price June 2007 $328,750There are no surf/open beaches in Moreton Bay.  It's a bay! These figuers obviously should not be relied upon, they are based on historical sales data record by the poster.

Good debt and bad debt, that's the way to go.Yes I've had my partner physically restrain me at an auction to stop me from bidding.  We got the property for $143,000. It costs us around $3,000 PA or $60 a week to own.  2 years latter its worth around $265,000.  $60 a week for $1,100 a week growth.  Case closed.Positively geared proper…[Read more]

Seller staying in the property, what about the condition of the property at the end of the rent back.  What provisions are in the contract for how the sellers will leave the property or if there is any damage to the property.  Get a bond.  Draft a lease. Have an entry condition report done and an exit report done.  Treat it as a normal ten…[Read more]

Units vs land content.  Within 6kms of Brisbane.  Well the simple economics forget the rest .  Supply and demand.  Is there any capital city that has not been impacted by an oversupply of units?  Land, is there any capital city that hasn't had price growth in houses due to a national shortage of land within 30kms of capital cities.  I agree take a…[Read more]

That would be the Mayor who is now out of a job?  Watch this space on Redcliffe and anything within the Redcliffe City, Pine Rivers and Caboolture Shires.  Council amalgamation is happening.  Anyone who has had to deal with these councils will know change has been long overdue.  From now until March 2008 this one of the fastest growing areas in th…[Read more]

wow that was a close one, another forum save.Providing a tenant with a car, you might want to save your biggest cardboard box, thats where you'd end up living.

Nothing worth buying under $300,000, units included within 30 kms of the city.  You can always find units or townhouses in any capital with unfortunate returns and little growth prospects.If you could find a 3 bedroom brick and tiled property on 600m2 of land within 30 kms of the city under $300,000 that you could get an immediate return of $…[Read more]

You can claim interest on the portion of the loan that is in relation to the income producing property.  So if you borrow $500,000 spend $450,000 on the IP and $50,000 on a new boat for example claim the interest on the $500,000 .  I think not.You would want to consider if you look good in stripes or not.  You know prison stripes black and whit…[Read more]

1.  The property becomes an "investment property"  (just a name) from the moment you use it to produce an income.  Maybe for example you let a part of it to someone else say a room or downstairs or whatever and you produce an income from that.  They pay you money.  When you move out of a property and tenant it and receive rent then you are produ…[Read more]

Ok so the structure is probably a patio?  Redcliffe that is the weird part. How did this come to the attention of council, some local councils come onto the property as part of their search fee.  Others rely on satellite pictures amongst other things and when properties are transferring they pay particular attention to any irregularities.  May…[Read more]

L.A Aussie wrote:
My criteria is:1. Must be built after 1987 (preferrably 5-15 years old), to maximise Tax Returns and cashflow from "on-paper" deductions.    Of no interest to me.2. Must be able to "add value" through a reno, or subdivision to increase equity and rent return for rapid wealth building and cashflow. (new properties don't work for…[Read more]

jsawtell wrote:
If I buy a property as an IP,

So you buy the property with the intention of making it your PPOR within 12 months of the purchase and only pay to PPRO rate.  Can be relevant if at the time of purchase there is already a tenant in the property.  Good question about the refund though, hope we see a reply.