d_robb, are u referring to north facing living room? or north facing bedrooms? if i intend to spend most of my time in my study that is towards the back of the house, then do i need the house souch facing? so that the study is facing towards the north?

Doh! sorry didnt answer that q earlier!! I am building in victoria.

Thanks a lot Julie. My house designs are available at: http://www.henley.com.au/vic/?part=houses&home_id=32&type=1
i am keen on having the front of the house facing the east, this way:
1.all my bdrm windows will be north facing (except master bdrm)
2. the solar tank will be on north west – towards the back of the house and thus not visible from…[Read more]

Thanks a lot Julie. My house designs are available at: http://www.henley.com.au/vic/?part=houses&home_id=32&type=1
i am keen on having the front of the house facing the east, this way:
1.all my bdrm windows will be north facing (except master bdrm)
2. the solar tank will be on north west – towards the back of the house and thus not visible from…[Read more]

If you have a lot of lazy money and you have read the book… what are you waiting for guys!!! see what you want and go ahead if property’s of interest to you…

Hey Guys, I appreciate your ideas and thanks for sharing your experiences with me. Having read the pros and cons i have decided to go ahead with option no 1. I think a house and land package would be ideal for me keeping in mind my circumstances. THanks again and i shall be starting a new post as am bubbling with ideas at the moment, needless to…[Read more]

Hi dare_to_dream (dtd), i agree with Wayne, Terry and Richard. yet another option to consider could be holding on to the land get the plans and permits approved for building on it. If the land is appreciating and you find someone who quickly wants to start a developement and you can make a quick buck out of it.

Thanks Nikikb! As you mentioned about your uncle building the house and saving money – i fear the same delimna and that why i am trying to learn from people’s experience. Getting involved in your dream house definitely gives a lot of confidence, satisfaction and may be $$avings….but it comes at a cost……

By the way does any one know whether…[Read more]

yes in option 2 i was looking at hiring individual developers. regarding time i am not worried as dad’s retired and ready to help me oversee the construction. do you know anyone who has gone ahead with option 2? i would like to know whether there will be much of a price difference between the 2 options?

are you living in your own home? if i had that money the 1st thing i’d buy would be my own home. and if i had a home i would use the money to start my own business. again this is me, just giving you a suggestion.

Where did u hear it? Was it on the news??? perhaps lets wait for this evenings MX edition

Usually you need 20% of deposit, and the bank can give you 80%. However you might be eligible to borrow upto 95%, but that would call for taking a mortgage insurance. I reckon the best place to start is to find from your bank how much can you borrow and then i suggest you reading Steve’s Book ” From 0 to 130 properties in 3.5 yrs”.

wish you luck

Hi Guys,

Not sure if this is 100% true, but in my experience, whenever i have asked this question to an agent….. I’ve been told that rental properties are always in demand in Jan. Dont know exactly but i have heard that it is always easy to rent in Jan or perhaps increase the rent slightly if it is already rented.
Jan is not that far aye!

Riteo!! Lets save for a few more months in that case

Thanx

Well thanx Terryw!! I need to strengthen my real estate strategies knowledge……. had gone to a book store to pick up Steve’s book….. as i have heard a lot about it but not read yet….. came half way as was cought in the rain….shall get the book on the way back to home….

enjoy

Hey…. just realised that u also asked “Shall i Move?”…. this gives me the impression that u are prepared to stay back? Man! dont let ur property help u decide where to stay….. it work should be given most priority…. wwhat i mean is… if u getting job satisfaction and good money….. there’s where u wanna be…. so that u can pay off ur…[Read more]

Hi,
U said if u rent this property u wont be able to cover your costs! is that current mortgage or the mortgage amount after borrowing some more off your equity?
If the rent u get = mortgage payments, then rent it and buy a new home with your equity, else umm…… i’d say still do ur numbers properly as 70K of equity sounds great and this time is…[Read more]

Guys…. Thanx a lot for all your support. I’ll definitely have a look and will let you all know of my experience.

Thanx Ozi!!! Shall begin my search straighaway!!! Tho the prices really look tempting to me….. its only a matter a appreciation that what am a bit worried….

Hi Guys,

I am facing a similar problem like Derek. “I have some money and yet to lay my foot in the real estate market, Shall i go for a +Ve or -ve geared property?”

Well i think that my 1st property should be -ve geared so as to claim some tax benefits, as am already in the high tax payer bracket. And perhaps i’ll look for my 2nd IP to be +ve…[Read more]