Hi Guys am in the same boat….. i am thinking of getting a suburb recent sales report that is likely to cost 50 odd bucks before engaging a pvt evaluer and pay him approc $500 for the valuation…. i have heard rp data reports are good… any suggestions?

Hey Imugli, thanks for your advise. I agree " inv is 90% resaerch and 10% buying'…My aim to own ip' is capital growth so that in a few yrs i can sell them, have a lot of cash, pay off my PPOR and perhaps start my own business….

Thanks Xynergy! The idea of off the plan inv suerly sounds good….. i dont think i could go for the appartment option as from what i have heard the bank wouldnt lend me much for the appartments.. i.e. i would be required to put atleast 20% deposit…

For $70 a m2, you can easily get fully laid floating timber floors…. they go directly on the cement slab with a layer of underlay in between…. they are easily glued and i reckon are a better option that going for traditional wooden flooring….These floating boards come in various colours and styles (single strip, double or triple). Single is…[Read more]

Hey, as posted earlier evaporative cooling is much cheaper to run as compared to an aircon. I have a brivis and it runs fantastic. No noise, self cleaning and yeah… remember to have some windows open whilst using it.

Hi Andrea,You can buy paid reports from the Domain.com.au website. I have used them in the past and have found them quite usefull. They give you a birds eve view along with detailed info and often you come across trends that you would have never thought of.You should top up this info with ur own research then.Hope this helps!

Tysonboss! You'r a gem…. thanks a lot for making the effort to clarify this for me….Your explanation is just fantastic……Ta

Hi Elkam, the rock building society offers 100% offset with 3 yrs fixed…

HI Johann,Pls find my comments below for your questions:Can any one recomend what size of block to look at? It depends upon the house you are wanting to build. When buying a block of land 1st make sure it has appropriate frontage to fit the house you wish to live in. Perhaps a 600-650 msq lot size would be good to build a 36 squares single story…[Read more]

Great Topic! Would love to have such a life. Well i would donate to relligious and medical charities. Would open a few schools in Arfica. Would invest into infrastructure in the 3rd world countries and would really aim to provide atleast 3 basic meals and good drinking water to all the needy people in this world.If i am able to do that, i would…[Read more]

Fantsatic!! Thanks for your help guys. I was in a delimna… as i wanted to hurry up things… you advise sounds the right thing to do.Thanks again

In Australia you are exempt from Capital Gain Tax if you are selling your PPOR and have not made any deductions to your taxes on your PPOR whilst you were staying in it.

this is what you articulated:The process of writing it down removes this item from your mind because your mind will no longer have to remember it. You know that you have a list that you can return to later. So, even though you have not dealt with this item on the spot, you have removed it from your mind which prevents the endless open loops and…[Read more]

I personally like to live with open loops. If i have somethin in my mind i am consciously or unconsciously thinking about it, this gives me more ideas (even when i am doing/ focussin on other stuff) and in many cases ideas to deal with the situation or finish the task in a much effective way. Writing the thing just removes my tension as you…[Read more]

PCM = Per calender month, 671 PCM = 154 Per Week

Well you are definitely on the right track as savings is the 1st step. Along with savings keep a close eye on the market and see you if you come across a property that you like. You might have a certain minimum goal say for example 40G's (just made up that figure for the purpose of this example) that you need to save up for a house for 200K,…[Read more]

I personally believe fixing the loan for 3 years sounds like a safe bet. At the end of 3 years you can fix it again depending upon the market conditions. 5 yrs is a long time.

1. the dimensions of the land. Is it the same as what appears on the title?
2. the structure of the building, for example, the foundations, plumbing, wiring, dampness, cracks in the walls;
3. whether there is any part of a building that overhangs an adjoining property;
4. the condition of the fences;
5. the gutters, eaves, roof, exposed pipes;…[Read more]

Well v8ghia, i note what you say and i am not advising not to buy a car.. The cars available under lease arrangements are mostly brand new cars and my arguement was around them, not around used cars.

“I figured you would be better off using the money towards the costs of an IP and have a appreciating assett, than ending up with a depreciating assett after 5-10 years. ”

You are right wayne!

I did my research on car lease option a couple of months ago and my findings were:
1. You only lease a car if your income is quite high and you are buying…[Read more]