Forum Replies Created
how are you looking for these properties ?
like Rugbyfan said .. you will never find properties that meet the 11sec rule on the net.
you have to get out there [biggrin]
Originally posted by kay henry:Report the guy who is hitting his wife to the police. If you saw a stranger hit another stranger on the street, you’d report it. Maybe if the guy knows people in the neighbourhood think it’s unacceptable, he might stop it.
kay henry
My wife went to the police with the victim, but she refused to place an AVO, just wasted our time. I reckon we are all missing the point when it comes to issues involving alcohol. It’s seems to be the main ingredient in most cases of violence and inappropriate behaviour, yet we see more and more alcohol related commercials everyday while the community are more worried about smokers and cigarette advertising.
My folks are quite old 71 & 67, though its a good idea to factor them into our plans for a new place, I am sure they would rather stay where they are, becasue of the close proximity to their essential needs. I will raise this with my wife however.
Thanks for all the replies.
I ll reply to some of your feedbacks ..
Terryw
Why don’t you keep you loan on this so the interest offsets the rent abit, and then you could use it as deposit on your new home later on. Maybe a 100% offset account would be useful.I alrealy have the deposit on my new loan through the equity on the unit $150k. The offset idea is good.
Lizzy
One question though… why don’t you use the equity in either your PPOR or the IP to put down the deposit on the new PPOR that you want?The problem is area we like (North Rocks/Carlingford)is going to cost us $640k+ so we are unable to also keep our existing PPOR as a result.
Monopoly
There is much to consider, and it may be worth your while talking to a financial advisor who can help re-direct some of your plans, and help achieve your goals….especially if you hope to have a baby in the near future.Thanks for your feedback. A financial advisor does sound the way to go.
Derek
One key point missing is what are you wanting to achieve over the long term? As such this will largely determine what is the right decision for you.Well I really want a PPOR in the area I love (North Rocks/Carlingford NSW) I really dont like where I am now (Auburn) and I am looking for a change especially a area where the schooling is GREAT!
Derek
You haven’t indicated your respective income levels (and you don’t have too) but as you are considering a family in the near future you will also need to factor in a reduction of income levels.I am earning 80k and my wife is earing 43k
Derek
If you convert your existing PPOR to an IP then you will lose any capital gains advantages you did have.Does this mean i will lose it if I had it as an investment property for more then x amount or straight away ?
Derek
You haven’t indicated why you would prefer to live elsewhere – it is possible that with a reflection on your reasons for moving that the current area isn’t too bad after all – sometimes a little sacrifice can be worth it in the long run. If this happens to be the case then you may be better off staying put.Auburn is not an ideal area to raise kids, our current PPOR is very very small for our needs. its only a 2br house. We have a indian temple near by and its very noisey along with dogs and screaming cars every day of the week. I have a neighbour who keep hitting his wife and the list goes on … I NEED TO GET OUT ! [confused2]
oz
have you looked at 100 properties yet ? otherwise keep looking.
cheers,
ozyeah i agree too .. if the economy continues to grow at the current rate, then interest rates will have to rise, resulting in property prices stalling/dropping depending on the area.
all those families out west who have drawn on the equity of their homes and have purchased inner city apartments based on the negative gaering model are the ones who will suffer the most. It the ones who hold tight and have an educated approach to property investing will win, no matter how good or bad the market may seem.
actually i ve been looking for +cf properties between rocky and townsville, there are alot to choose from, probably not too many that will meet the 11 sec rule but i reakon if i fly up and spend a week or two, iam bound to find some goodies.
sounds like your looking to buy in the boom instead of the gloom. as RodC stated you may have missed the boat.
i am looking at areas further north betweem rockhampton and townsville, can anyone give any suggestions on these areas ??
yes .. for sure !
iam currently looking at some properties in between rockhamptom and townsville.
but like you said, looking on the net is one thing and actually inspecting the property 1st hand is another.
ive almost given up looking through the net, i am looking to fly up and spend a week.
cheers,
oz
