sasharif wrote:
Hi Guys! I need your help in understanding the quoted sell price. If a house is quoted as "suites buyers over $265K", does it mean that the offer has be to in access of $265K? Does it mean offer of less than $265K will automatically be knocked down? On the other hand if it is quoted as "price $260K – $275K". Does it mean that my…[Read more]

L.A Aussie wrote:
So why then isn't every property simply valued by a registered and qualified valuer, based on recent comparable sales, and then advertised at the highest price the owner can realistically expect, based on the comparables, and wait for the offers?

Because vendors are rarely 'realistic'

L.A Aussie wrote:
All the different price…[Read more]

I was thinking to myself how in hell are you getting a H&L in Blacktown for under $200k. I'll have a dozen thanksThen I saw the initial thread was posted in 2003

I'd suggest a unit either in Northern Beaches – Manly/Fairlight/Harboard or a unit in Concord close to canada bay and as far away from strathfield as you can.For $300k you can still buy a clad 3 bed room house in Merrylands. Even though the area is a not the best, it ticks a lot of boxs in terms of what/where to look.You should be able to find a…[Read more]

Thanks Jeff, I found that thread but am still none the wiser.There's some good info you posted on Ingham other than that there's no real hints on ow to pick an area or what to look for.I posted in that thread regarding interpreting RP Data.Thanks again

Now this seems a little better.Ingham-Only a 19% population decline ( maybe the cyclone/sunami wasn't that bad here)- 65% of homes are owner occupied-Average age is 10-19, so plenty of families in the area.   -Highest % income bracket is $26k-$41k about 21-22% but still about 18% on $41-$62k bracket.- Only 30% of households are rentedThere's n…[Read more]

Just taking a look at Townsville stats from RP Data and wanted a bit of help interpreting.From the data it looks as though–A population delcine of 53%??? holy moly! I'm sure there's a reason for this, maybe a Cyclone or sunami wiped out half the population LOL (I'm sorry, I know thats bad taste but….)-Majoirty of people dont have kids. Average…[Read more]

I'm almost positive you do not have to wait until the end of a lease to up the rent. At the same time I pretty sure you wont be able to get away with a 50% increase, maybe 10-20% every 6-12 months. I'm sure there would be many rulings/examples of landlords trying to do this. Once your tenant is out, charge what ever you like.

Building Inspector => John Worthington & Associates Very highly recommended.

I dare say if you buy right, then anything can be viable. A good mate of mine has done a few small developments (knockdown andbuild 3 townhouses) and both times it's been the holding costs that make or break the profitability of the project. When its costing you $4000-$6000 or more per month in interest, your profits can be eaten away very…[Read more]

I've done this twice now and done pretty well. I have done both as PPoR and both times its taken about 24months from to find/build/move in/landscape/unload. I'm just about to unload my second and from recent sales in our immediate area for the same type of house we're looking at about tax free profit of over $100k. Its not great compared to some…[Read more]

llosis wrote:
……. digging around will reveal PLENTY with cash flow positive potential. …..Guys, cash flow positive properties are all over the country it just depends on 1) what your budget is 2) where you want to buy 3) if you know what you are looking for.

Ok I'll bite! Where abouts are they?I've read thru this whole thread and since…[Read more]

Terryw wrote:
Capital gains without a doubt!

+1Without capital gains your better off putting your money in a fixed term deposit that pays 5% or 6% interest.In some cases people get too caught up in the romance of property investing without doing the sums and considering the opportunity cost. 

Gday Tracey,Did I just read about your story in the April issue of Australian Property Investor? Somoething about a combined drain?Glad to hear you came out the other end stronger…and wealthier.

I use Bob Stevens from Stevens & Stendall in campbelltown. Although it takes me about 40 mins to drive to campbeltown its well worth it.Compared to my 2 previous accountants, Bob's a wealth of knowledge and invests himslef.

Hi all,

First post here so sorry if my questions have been asked before (I have searched through the forums)

I hoping someone may be able to point me in the right direction.

I am after some further information on the pros/cons of the different structures mentioned here. Pty Ltd companies/UT/DT.

Its been a while since I studied them at uni and…[Read more]

Hi all,First post here so sorry if my questions have been asked before (I have searched through the forums)I hoping someone may be able to point me in the right direction.I am after some further information on the pros/cons of the different structures mentioned here. Pty Ltd companies/UT/DT.Its been a while since I studied them at uni and could…[Read more]