Rhys_Roberts wrote:
… he must be an expert Australia wide…

Well kinda. I buy in Melbourne for myself and a couple of close friends. I have a couple of relos there and visit quite often. I keep my finger in the pie, so to speak.

ericyan wrote:
thanks for the response. the next question is, how do we find out what is the council valuation for any given property?

Ring the council – talk to the rates section. They use the VG valuation to calculate the rates assessments. While you're on the phone – ask them the date the VG's val was done.

nitrodrops wrote:
May i ask the follow qns.1.) what are the chances that the final approval fails even though the pre-approval is approved?

Nit, I don't want to be alarmist. If you have a steady, stable job history, payslips, a good credit record, and in most but not all cases some genuine savings, then you will be able to get a loan. …[Read more]

ericyan wrote:

daniellee wrote:
With that said, it is always possible to find bargains relative to any market. My wife and I recently purchased an IP at council valuation in early May 09 after 7 mths of searching

what is meant by council valuation?

A council land valuation (or Valuer General's) is in no way shape or form an indication of…[Read more]

phlang wrote:
I would love to but have already purchased property back in 1995  and sold in 2004 (at the time was no grant available),which I believe would not entitle me to take up the FHOG/B offer .Unless you have any more ideas that I could do to qualify for the grant?phlang

Eligibility says, you cannot have owned a resi property with…[Read more]

Hi hvhomeowner,Property investors typically want capital growth as well as rental yield. Golf course properties are usually pretty good for cap. growth. REAs say $320 – $350pw rental income – but how much is your property priced at?

phlang wrote:
Thanks.I didn't know that. Something new I have learnt.Regards

Well don't just sit there reading – go buy a PPOR with the free cash before 30 Sep 09.Cheers

phlang wrote:
I'm 24 and have an IP that pretty much pays for itself. How can you qualify for the FHBOG when you already have already purchased property in the past?????

I suggest you read up on the qualifications for the FHOG/B. As long as you have never lived in your IP you can still claim the grant for your first PPOR. Some people have 3 x…[Read more]

ARNOLOGY wrote:
…they have given us a pre-approval (not completely sure what this means)

  Pre-approval is almost not worth the paper it is written on. It is a quick calculation based on your incomes and debt repayments, but it is subject to their valuation of the property you are purchasing and all sorts of documentary evidence like…[Read more]

sweeper2009 wrote:
thats a pretty good spruiking mentality.

I'm going to ignore those continual snipes – they are getting boring – grow up.

sweeper2009 wrote:
maybe you should direct your answer at the OP by giving "realistic" and explain the real pitfall  by following your 'idea' and maybe we could all be benefited.

OK so you want a…[Read more]

sweeper, (I hope that is not your job title), my fears for you are that you want to see all the way down the road with all the lights green before you do anything. It is never going to be like that. Even if there was a situation where you considered it a good time to invest you don't believe in taking on debt. All the best with the savings…[Read more]

Monas wrote:
yes I will be eligible for the FHOG/B if i buy the unit in Richmond.Thanks

Monas, In that case I would be taking the free FHOG/B money  from the Feds + the stamp duty relief from the Vic Govt + their extras too $3K (I think) and buy yourself a PPOR unit in Richmond.You only need to stay there 6 months to qualify for the FHOG/B. If…[Read more]

If you buy a PPOR 1 brm unit in Richmond – will you be elligible for the FHOG/B?

god_of_money wrote:
sweeper2009, propertunity is  a buyer agent.. of course his/her recommendation is TO BUYdespite booming or glooming… because of COMMISION generated…

You can take that cynical view. But I am putting my money where my mouth is. I purchased a lot post-2000. I have not purchased for myself for 2 years BUT I am buying NOW…[Read more]

sweeper2009 wrote:
a great place for spruik and fishing beginner investors.

  I actually expected better than that of you sweeper. No matter. I already said that most beginning investors or FHB do not have the money to pay our fees. The more experienced don't need our expertise. If you think posting on a property forum is advertising for a BA…[Read more]

sweeper2009 wrote:
i gain nothing from what i said here and if you believe what i contributed here just to satisfy my poor wealth status  than i've overestimated you.

I'm sorry that you are poor and also living in one of the wealthiest nations on earth. But I'd caution intending investors or intending FHBs against listening to the views of…[Read more]

John,You'll need to contact the Vic Office of State revenue http://www.sro.vic.gov.au/To toss something else into the mix, if you are buying jointly you don't have to do it 50 – 50. You can buy 1% and your partner 99% – that might help (or not) with the stamp duty concession issue…..and it might create other issues with the lender and the…[Read more]

energy4anarchy wrote:
So my question is… Do i need to find that $3.8k in cash to make this happen on settlement day???

  Yes you do John

energy4anarchy wrote:
…. i'll probably get discounts on my Stamp Duty as its my PPR (Principle Place of Residence).

No – no such thing, unless its a peculiar state thing. Which state are you buying…[Read more]

sweeper2009 wrote:
with due respect, you sound exactly like a spruiker!

and with all due respect you sound like someone who does not own any property and is hoping that the market will crash so you can buy some – but the market won't play ball.and what's worse, you are happy to try to convince others not to buy to help you feel better about…

sweeper2009 wrote:
you BUY even there are 30% of FHB in the market competing against the 70% "normal investors"

FHB are just people like anyone else. So are investors – just people. Yes I buy when other people are buying. Yes I buy when other people are not buying. I buy when I can afford it. I buy when clients hire my services to buy for them.…[Read more]