Adam,Could I please be added to the email list. If possible would I please be able to get the details of the meeting coming up this Thursday. I will try and attend it.Cheers,Dave

Great post SHalesThere is no get rich quick scheme.It's all about hard work and research

Very good reply Marc

I agree totally with Marc’s explanation.
Negative gearing always increases the risk but not always the return.
Cashflow neutral or postiive, allows you to retain cashflow for quicker accumlation of properties. negative gearing can tie you down.

There is a massive amount of information on this subject, just scan some previous…[Read more]

Hi Don

my preferences are:

1st #2
2nd #1
3rd #4
4th #3

Cheers
Dave

Peach

One possibility is to purchase a property as a PPOR so you can claim the FHOG and get the decreased stamp duty benefits but then after a year once you have satisfied the FHOG grant criteria you could then rent the place out.

So effectively you can claim both the stamp duty and the FHOG but the consequence is not renting out the property…[Read more]

Hey Topjars

Its good to see your about to take the plunge. I dont have any specific tips for you apart from searching this website for a good few hours. Before you buy I’d recommend reading this forum for at least 5-10 hours. Just search “First time investor’, ‘Help’, ‘New’, ‘Purchasing’, ‘Questions to ask’, ‘Checklists’, etc, many things to…[Read more]

Hello Melbourne investors

Author and Business tool designer of ‘Property Millionaire’, Gary Seeto has just started up a Young @ Heart Property Investment club.

Y@H is a national investment club but is divided into states so each state can easily organise meetings and discussions.
Lachlan and I are the moderators for Victoria.

I have negotiated…[Read more]

Woodrow I am nearly the same age as Chris and it is clear we are both more mature than you. Your countless attacks are pathetic and poor. What do you gain from making these statements?

You’ve spoken your opinion and he has taken it onboard now why don’t you just move on.

Dave

Thanks for the reply blogs

Those traffic figures are times in non-peak traffic and i believe are realistic. For peak periods double them. I agree the traffic is bad in peak hours, mainly before and after school.

I haven’t been to Edge Water. I have heard a lot of people talk about the up and coming western suburbs. I rarely travel to the west…[Read more]

Biased aswell, but here goes.

I live wheelers hill, just near glen waverley.

Glen waverley has been growing rapidly. Houses in the past few years have been moving constantly up. Due to a few factors i believe.
– Safe railway network, 35-40min to flinder st. Many buses aswell depart from the station.
– Very good highschool continually doing well…[Read more]

Frank,

Glad to hear your willing to help everyone with painting tips, etc.
The easiest way to go will probs be to post it somewhere on the internet and then put the link into this post.

Im sure someone of this forum will have internet space where they could post your word file and then dispaly the link.

Hope this helps,
Dave

Thanks Duckster for clearing that up.

I was unaware of the new rules. I was fortunately enrolled in uni before they increased HECS Fees and changed to the new HELP system.

After hearing the new changes i would definately go with Terry and take on the HELP debt. 10% discount isn’t too significant compared to the increased cash flow and ability to…[Read more]

Well that adds a whole new dimension….

It really boils down to what is best for you.

There is 3 options

Op1-
Borrow full amount off parents and pay them back ASAP (Over the 3 years this is the cheapest way)

Op2-
There is a part payment way where you get a 20% discount on any amounts over $500 so you could put in as much as you possibly…[Read more]

Ohh and i also forgot, that HECS Debt get indexed with the CPI rate. So yeah increase those final HECS figues a thousand or so.

Cheers, Dave

Ok, well.

I am also in the same situation as you, but i am paying my fees upfront. This is the reason why.

Year 1 Hecs 7000
Total Savings 5821.75 (5500*1.0585)
Year 2 Hecs 14000
Total Savings 11984 (5821*1.0585+5500)
Year 3 Hecs 21000
Total Savings 18506 (11984*1.0585+5500)

So after 3 years your Hecs will still be more than your savings. Thus…[Read more]

I also agree its a good idea. I would be interested and a close friend might be as well. I live in South-East Melbourne. I currently have a small share portfolio but am very interested in property. Would be happy meeting in the city if thats convenient for others.

Cheers,
Dave