Alan,

I’m no expert, but I would think the best answer as to when to buy, is “when you’re ready” – i.e. you’ve done your research, found a good deal at a price you can afford, you’re happy with the purchase and feel comfortable making the commitment.

That was part of my point about not feeling pressured to buy. There are plenty of experts making…[Read more]

Allan,

You are getting some fantasic advice and help here!

Don’t give up! I was in a similar situation to you. Ill while my wife worked, trying to stay afloat and trying to buy a first house with minimal deposit (with quite rich relatives standing well back!).

We did it. So no doubt you can too. I spent the last year working (when I could) on…[Read more]

I have one you can buy. I’ve only played it a few times, it’s as new. I also have the 202 additional game that plays on the same board.

If interested contact me at darren @ graphic-designer.com if interested. It depends where you are though – they’r equite heavy so expect postage may be a bit extreme.

cheers,
Darren.

Check out the Renovation Kings for some reno advice. Like anything, if done right it can be great. Not sure about taking it on at this stage in the property cycle though.

They’re amazing figures Lance. I justchecked out your website. Looks like you’ve got a very professional set up going.

cheers,
Darren.

I think you’re right luckyone:

Purchase Price $250000

Divided by 1000= $250

Multiply x 2 = $500 required weekly rent.

6 units = avgerage rent of $83.00.

Nevertheless, the return may not be quite 10.4%, but it’s definitely CF+.

Just as a sidenote; Kazaa software is often loaded with little nasties that the end user is not aware of – such as various forms of spyware. Make sure you run anti spy software regularly if using Kazaa.

Sheryl,

I’ve often wondered about JV arrangements. Surely once you explain what you want to do to a pontential investor/partner, a wrap, subdivision etc – then they don’t need you any more? If they have the means, you’ve just supplied them with a great idea and put yourself out of the loop.

Or are we relying on integrity? Just wondering, as…[Read more]

Great article.

Good questions. I remember the tail end of the Gold Coast property boom in the 80’s. At that time, many people were playing pass the contract. All were happy except the last person left holding it when the market changed.

I hope others may have some more info on possible downsides, but I think it’s clear we’re nearer to the end of the property…[Read more]

The thing is though the market moves in spurts.

A friend bought a property at Runaway Bay around 1992. It did almost nothing for a decade. Now it’s gone up just over 100% in 12 – 18 months. He told me it was still only 8% p.a. over the time he’s had it. It happens to be a hotspot at the moment.

We bought in Brisbane 12 months ago. Our property…[Read more]

Good point Battz. I guess it may depend on actual localties as to who is pushing prices up, but I certainly agree at pointing the bone at the negative gearers .

I read this thread with great interest and I can see both sides.

Six months ago I was looking at possible IP’s close to home, that I could almost afford. Looking back, and adding what I have learnt recently, I probably could have bought one after all.

Now they really have skyrocketed out of range, so my first IP is going to be somewhere else and…[Read more]

Thx Westan. I didn’t think so but your first post suddenly made me doubt myself.

quote:

if you have owned the property of more than 12 months then you only pay capital gains tax on 50% of the profit.
regards westan

What about PPOR? Do you pay CGT on your home if you have owned it more than 12 months?

Regarding infrastructure.

A recent report predicted that Brisbane will have the worst traffic problem of any Australian city within 10 years.

Most people moving to Qld list lifestyle as the number one reason. But that lifestyle is chnaging because of the phenomenal growth in the small pocket of S.E.Q.

Yet it is investment that is currently…[Read more]

Lots of good points there, some of which I have posted in various threads myself. Als being a Qld’er I can tell you that the very reasons people are moving here will soon be eroded by the number of people moving here.

The current price rises are being driven by investors from down south who want to buy property and can’t afford it southern states…[Read more]

If the house is not currently tenanted it’s a case of “best guess”. Check rental lists or ring agents for similar houses in the same area that are currently being rented. This will provide you with a good guide, and the final price as always is determined by the market at the time, and the specifics of the particular property.

Great chapter, thanks Steve. []

Great that it worked out for you Huey. It still may be worth your while to seek another agent. Even though yours finally came through, you need someone responsive managing your property, and definitely someone who will take your calls when you need to speak with them! If he hasn’t time to answert he phone, he hasn’t the time to effectively manage…[Read more]