Oh my Goodness….we also have a property in Tassie too!!!!!  My husband and I are 30yrs old and have 3 young boys and have been living out in the bush for 2 years!  We have 3 properties thus far, 2 in QLD and 1 in Tassie! When did you purchase your Tassie properties?  We purchased in Upper Burnie about 4mth ago and all is going great.  Yes, I agr…[Read more]

Hi there, We purchased a 4brm house in Upper Burnie, Tassie,  4mths ago – for 170K and just had it independantly valued this week and it has see an increase of  20K.  We are happy with this gain in such a short amount of time.  We tossed up between Burnie and Adelaide and went with the Tassie investment due to value for money, higher rental ret…[Read more]

Ok….I totally agree…tooooooo much money is spent on just ONE day!!!  My huband and I married 7 years ago (at age 24), on the beach infront in front of 25 people who we love and still see to this day!  We spent a grand total of $3000 and to this day I still have those that attended say that it was the 'most beautiful wedding' that they have b…[Read more]

Hi there, We live in remote north west QLD and our accountant is based in Sydney.  We use Priority Tax And Accounting Services in Parramatta.  They are experts in IP tax and personally we are thrilled with the advise and service we have thus far received from them.  I can HIGHLY recommend them!Good luck with it,Seer76.

oh rents on these…$140K – $300w$200K – 265pw175K – $220pwCheers!

Hi all..thought I would add my 5c worth…..1.   Rockhampton – 140K – Feb 2005 – value now 350K2.   Rockhampton – 200K – August 2006 – value now 300K3.  Acton, Burnie, Tasmania – 175K – Mar 2007 – value now?All going preety good

Hi there, Get yourself a broker firstly…..someone who is a specialist in property investment finance preferably and an account who also knows the ins and out of property tax.  Check if they too are investing in property…what is their personal success?  Surround yourself with a team of successful people who can offer you sound advice in r…[Read more]

Thankyou EVERYONE!  Wow, it is great to have so many points of view.  At this point I feel that we are going to keep all properties and start making more payments towards this debt.  We actually have it structured as a seperate mortage and not as a personal loan per say, so the interest is around the 7% mark.  I like the idea of the spread she…[Read more]

Thankyou for your reply…..yes the three properties are structured under an interest only banner.  We have not lived in property 1 for over 12 mths, however we did live there and it was our ppor for a period of 12mths.   I think you may be right, selling this house which gives us a great deal of leverage to continue to invest may not be the ans…[Read more]

Highly creative bunch…hahaha.

No opinions on this situation?????   Come on…..really would be helpful…..warm regards…..

Please give more info….where is this townhouse?  How much did you pay for this townhouse when you purchased it?  If you have made significant Capital gains?  If so perhaps selling would be worthwhile???????  Can you increase the rent?   Can you add value to this place….cosmetic makeover to sell and make a profit or increase rent do that you a…[Read more]

Agree completely…interesting though and good on those that have profited from the resource BOOM in QLD!!!  That's what it is all about right?  Where to next???????  Check out Tassie, Rosebury and Queentown, lots of mining interest down there at the moment, cheap houses (40-80K) with rental returns between ($80-$150 per week) ….new hospital in…[Read more]

My brother bought in Mt gravat East 4months ago and took a long settlement of 3 mths.  He purchased the property for 350k and during that 3 mths the house gained 40K!!!  The had it valued just after they moved in, so a easy gain without doing anything.  My brother said that when they where looking it was feice competition and it was very much fir…[Read more]

House and land for sure!  Add value to the problem house….cosmetic reno..simple clean up.  Cheers.

Hi there, We rented our ppor out for the past 18mths privately with no hassels.  We are really open and up front with our tenant.  I agree with all the above mentioned posts regarding checks, landlord.com etc.  If you  live close and can check in on the property then it makes for peace of mind.  We really haven't done an awful lot during this tena…[Read more]

Hi there devo76,  My husband and I live in a mining town, Glenden, QLD, purpose built by the mine.  There are people who live here and who bought houses pre-boom for 20K, approx 7 years ago and now I see several houses about the community for sale.  They are wanting 350K+ for these homes.  These people are trying to cash in now.  When I speak…[Read more]

Hi Gold Coast girl, I guess the moral of the story is sacrifice, but with only positive outcomes!  Seriously, looking back over the past couple of years and since leaving the Gold Coast, things have never been this Great.  We left by choice, we could have bought a house in Coomera for $300K+ and been mortgaged up to the hilt however I'm glad we di…[Read more]

What are the figures on this deal so that we can give you further info…warm regards,  Cresta

Yes!  My brother and his wife just settled on a house in Mt gravatt East, they had a long settlement – 3 mths – and within that period, the house went up in value by 40K.  cheers, Cresta