Hi RichardThanks for the infoRudolph

Hi corhigThanks for the info. I have an ABN for the last 2 years but will now have to upgrade it to GST. Hopefully I can backdate the gst section to the original listing.Thanks againRudolph

Hi ThinkerPersonally I would be looking for an off the plan in a high growth area in a small lowrise complex that will be ready in 18+ months. Held with a deposit bond. In doing it this way you can then get revalued before settling which would hopefully have increased in value so that you will need little or none of your own money to settle.This…[Read more]

HiStay with your original idea.Pools are a maintanence and insurance nightmare for rental properties.Toy can build a deck over the pool but tis will need a small submersible pump to get rid of surplus water that will get trapped. Otherwise you would need to break up the bottom to allow the water to escape otherwise it would slowly turn the soil…[Read more]

Hi Petehow long is  a piece of string. Costing will vary depending on council requirements. you need to check the LEP with council. Most council will require a fire proof wll between each unit, separate power (some separate water) 1 or 2 carparks per unit. We are just finishing one in Armidale in NSW 4 x 2 for around $20,000.Hope this helpsRudolph

Hi Do you need a building report depend on how well you trust the builder with your money. I know with some builders I would definitrly get a report. What is a couple of hundred dollars compared to your investment and peace of mind. rudolph

Hi JuliusAs tyson said they are a reasonable earner, but banks dont like to finance them because they are usually less than the magical 50m2 area.Rudolph

HI wezwazAs far as I am aware you certainly can. this allows you to build future deposits for IP faster. Some advisors actually suggest that you will progress faster if you do it this way. As you will acquire more land to have capital growth on and this will be more beneficial than the extra payments off your home loan.  i'm no expert but this is…[Read more]

Hi Jaz/ChrisDont be sorry for asking question. I'm no mortgage broker but I would ask your current financer to up there mortgage on your current property, even dare I say pay mortgage insurance to get a 90+% l/v. You can then use this extra cash as a deposit for your home. Some financers will treat it as a separate loan which makes tax time easier…[Read more]

Hi7.27% is not the real rate when you take into account the $300 annual fee (this is a bit rich I would querie this as mortgage companies are looking for new business).IO is the way to go as  you have more chance of being cash flow positive. It also frees up extra money to put towards your next ip or improvements to this one.IO dont decrease the…[Read more]

Hi Yes you are right you would have a higher interest payment but remember this is offset by your rental income. I you were to sell you still have to live somewhere and pay rent so the extra $350 + per week disappears with no capital growth.  If you want to rent that's fine Also rent your PPoR then it becomes interest deductable and also can…[Read more]

Hi MKCIt could be a bit soon but I would still put in an offer after some research.have you talked to the agent  about reasons for sale is it urgent moving to a new job building may like to rent it back for a while etc . Get as much info as you can. Then research the area well with the seling agent so that they know that you are a serious buyer.…[Read more]

Hi Chris.Is the reason for selling just to get into investing? If so have you thought of getting a valuation done on you ppor and if there is enough equity the arranging for your mortgage to be renegotiated to the higher amount then use this increased funding as a deposit for your next IP. This way you will have greater property value to get…[Read more]

Hi after reading your last comment I am concerned that you think you need to sell to invest. Have you investigated no doc loans. Some lenders will give these out with up tp 70% lend if you have an ABN ( these can be obtained over the net with no delay) Some lenders  require you to have this number for several months but others have no time limit.…[Read more]

Hi Kevjosh
We have held the property for 20 months in that time the value of the property has increased by 23% (12+% pa) and a net income return of 5.7% (after tax) The dark side of my investments are my -ve geared properties,
rudolph

Hi kevjosh
We have a dual keyed apartment in Cairns and am very happy with its capital growth and return. $10,000 +net before depreciation really helps support the dark side of my portifilio
rudolph

Hi
just 2 quick points.

Most of these units are under 50sq metres and finance can be a big problem.

I think demand will increase very soon with our aging population so prices must improve big time[biggrin]

Peter

Hi MIKALA
We have student accomodation on the Gold Coastin a complex of 65 3bed with ensuite units power included Pay extra for broadband connection. complex has pool and gym included. The complex is managed and caters mainly for overseas students. They charge $140 pw. I think the idea is good the downfall is you are very reliant on the manager’s…[Read more]

You should already be doing it through voluntary work in the community via sporting groups, Rotary Apex etc

My Q Why should you have loans with different institution instead all with one

Peter

We have just bought two properties in Rocky after discovering a very tight rental market when our son was looking for a unit to rent. It appears that the tight rental market is due to the opening of the new meatworks and the boom in mining. Our properties are also within walking distance to the Uni providing us with the opportunity to rent by the…[Read more]