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  • Profile photo of shaunwalkershaunwalker
    Member
    @shaunwalker
    Join Date: 2003
    Post Count: 403
    October 14, 2003 - 12:15 am

    Thanks for that Mel,
    I will fill you in on a few more details.
    I intend on buying more property +ve geared to counter the IP in darwin.
    At no time do i intend living off a credit card as i am currently employed and saving every cent towards the next property.
    I think the problem i have is, to make the 183 a month positive cashflow, My savings will be reduced by paying rent.
    as for the 209 a month
    its at 7.54 fixed for 2 years then reduces to variable

    Profile photo of shaunwalkershaunwalker
    Member
    @shaunwalker
    Join Date: 2003
    Post Count: 403
    October 13, 2003 - 10:24 pm

    would love to meet you all!
    I currently live in Queanbeyan (yeah yeah i know)
    but i have an ip in darwin (just recently bought)
    and i nearly own my own property here in QBN.
    Bought 3 years ago and the capital growth has been phenominal!

    Profile photo of shaunwalkershaunwalker
    Member
    @shaunwalker
    Join Date: 2003
    Post Count: 403
    October 9, 2003 - 1:06 am

    I went to the richmastery seminar in October in sydney this year. and you’re right there were alot of people there. I have learnt quite a bit from those guys, though it was pretty intensive trying to remember everything. over all it was money well spent. they gave me the contacts i needed (ie property accountants etc) and i use the mortgage broker they put me onto. The broker is great, and i can call her anytime i want with questions, she double checks my numbers for me. The accountant i hired does the same thing for me.
    If i had known about steve prior to meeting those at the richmastery seminar i more than likely would have used him instead, only because steve’s seminars are cheaper by about 1000 dollars.

    Profile photo of shaunwalkershaunwalker
    Member
    @shaunwalker
    Join Date: 2003
    Post Count: 403
    October 8, 2003 - 5:53 am
    Quote:
    i have just bought a IP in darwin, and boy what a learning curve! first of all be aware that the agents charge around 10 – 12% to manage your property. The vacancy rate is around 4 weeks a year so its important to buy something that will suit a family not the tourists. Other than that i found i could still haggle over the price and as a general rule asked for 10% less than the asking price and settled on 5% below asking price.
    The agent also told me that the rent hadnt been increased in 2 years and was to go up from 265 p/w to 285. This did not happen due to the wet season starting and i think he got a bit creative with his numbers!
    it’s still a good investment with a 6.5 yeild on the place, though keeping tennants happy so they will stay is my most major concern.
    any other questions just email me and i will gladly oblige.
    Profile photo of shaunwalkershaunwalker
    Member
    @shaunwalker
    Join Date: 2003
    Post Count: 403
    September 24, 2003 - 5:21 am

    quote:

    Hi all, I have just bought a property in darwin (3bed/2bath) in houston street. everything that i have read here i have been able to confirm.
    they expect a 6 percent population growth a year for the next 3 years (i cant remember where i read it i think it was BRW). I paid 210k for the unit and its fully furnished and rented at 285 a week which more than covers expenses.
    as to finding out how much a place is worth i highly recommend visiting http://www.residex.com.au
    and purchase the information you need.
    any questions contact me [email protected]
    hope this is of some help

    quote:

    Hi Ziggy,

    I live in Darwin so drop me an email with any questions.

    Cheers.

    thanks for all the replys ,i do think darwin is starting to move with the capital growth now ,i have been going up for about the last 5 years and just bruoght into a house in karama only about a 10 minute drive from the c.b.d on a good day.
    we were showen a lot of houses out of town which i think whould be good for rental now but will take a while for capital growth. i may be wrong about my summing up of darwin but i hope not as i do plan to move up next year and hope to buy one or two more house,s. at least i will be warm all year round..
    any one know a good builder in town as i plan to get some work done to the place soon ….[:)]

    [:)]

    Profile photo of shaunwalkershaunwalker
    Member
    @shaunwalker
    Join Date: 2003
    Post Count: 403
    September 24, 2003 - 5:17 am

    quote:

    quote:

    Hi Ziggy,

    I live in Darwin so drop me an email with any questions.

    Cheers.

    thanks for all the replys ,i do think darwin is starting to move with the capital growth now ,i have been going up for about the last 5 years and just bruoght into a house in karama only about a 10 minute drive from the c.b.d on a good day.
    we were showen a lot of houses out of town which i think whould be good for rental now but will take a while for capital growth. i may be wrong about my summing up of darwin but i hope not as i do plan to move up next year and hope to buy one or two more house,s. at least i will be warm all year round..
    any one know a good builder in town as i plan to get some work done to the place soon ….[:)]

    [:)]

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