Hmmm Im still looking for my wallet….

The last block of land i was looking at buying was also part of a huge sub division… (ie the hard work was already done… i think the original parcel of land was around 1000 acres…

BUT! The Agent told me the conditions of the sub division was that power needed to be to the boundary fence at least…[Read more]

Kay…

Teaching in Japan has been an option i hav looked into, as well as London and even Korea. my holiday is going to also be an info gathering exercise as im staying in London new years with a school friend who is also teaching there… she loves it

Yes, i am an actual real life, fair dinkum primary school teacher lol… but ur rite…[Read more]

Hey there Jake,

What maths you do at school is the least of your concerns my friend, u need the drive to succeed when you put your mind to a task!

I believe that knowledge is power, and you are going in the right direction going by the books you are reading. the fact that you hav not paid anything to get this information is also a good sign,…[Read more]

Thanx Kay,

I hear what your saying, this year i hav made 4 property transactions, 3 purchases and a sale. i hav the long term goal of being home when and if i hav kids as a full time dad. i finished 5 years of full time study just last year and in all honesty i really need a break.

Its my personal opinion that real estate is the best way…[Read more]

Perhaps u can throw in “pending finance approval” seeing as its rural

As for the deposit being payable on submission of an offer? perhaps you are referring to a holding deposit of .25%??? even then i hav only had to use a holding deposit once, on a property that was undervalued and that generated a ton of interest… the 10 or 20% deposit is…[Read more]

Yes i was looking at Citypac as well

http://www.fincorp.com.au has 8.5% for 1 year

http://www.citypac.com.au have 7.1% “at call”
and 8.35% for 12 months

Just open the money section of the Herald, and there i was all day running round the banks thinking anything over 5 % for a year was worth putting money into lol

All the best!

Jason

Thanx…

I havnt delt much into shares to be honest, i do hav a few, and was close to “investing” in Big Kev when he floated (now there is a contradiction) .. lucky i didnt!

Im also listening on the news that shares in a company that trades overseas are declining due to the weakening us dollar? ie BHP, which is considered a “blue chip” isnt…[Read more]

Thanx Terry

The re-finance i mentioned was interest only btw … i guess i will investigate this further once funds hav cleared, the paperwork is still going through

Jason

Thankyou for your feed back Richard

Yes, i hav found financial establishments that will invest your money at up to 8.5% for 1 yr in Unsecured Deposit notes… (and another at 8.35% for 6 months if memory serves)

So the extra interest that will be payable if i withdraw the money is not a claimable tax deduction then??? What if i can prove that…[Read more]

riffraff,

The way things are going with rentals at the moment, i would rather hold on to a tenant then try and increase the rental with the risk of them moving. What are renovated units renting for in the street? (how many are vacant???) In my experience renters in units are less inclined to hesitate when moving out, caus there may well be a…[Read more]

I was thinking area wise it sounds like bathurst??? am i rite???

just a guess but!!! hope it goes well for u akyboy, 5.8% as a variable rate sounds very low to be honest, perhaps its just a honeymoon rate? not saying ur wrong but… just thinking while im typing!

Well, hope it goes as planned….

Jason

And be sure to call council…[Read more]

Woops!

Sowy Polar_Bear my mistake i was talking about a different Campbelltown

lol

[]

Cheapest way is to do as much as you can yourself!

Jason

Yes i hav bought in a housing commision street just recently in Bathurst

Was very affordable compared to places a few streets away, rent was very good compared to price as well, bought vacant, stayed a few nites, had no problems…

whats worse i guess was that the whole street was boarded up, but then i learnt that the housing commision ppl…[Read more]

U may hav to pay a discharge fee if u are going to pay out a previous loan, u may need to pay a fee for the new loan you are going to get and then all the extras such as legals, valuations ect etc,

I think you may also have to pay stap duty on the new valuation, but if i remember right you also get a refund on the previous stamp duty u…[Read more]

Everyone has given great advice!

I would hav never thought of using google to look up specific streets, and will do so from now on..

Well all i can say is that in future if im looking at buying out of town i will ask just as before about the area on here.. Bob, ur info was great.. spoken like a true local

Avagoodday!

Jason

quote:
I wouldn’t like to be holding in somewhere like Baghdad or Campbelltown or Railton in the future. Take a little cream and keep a few.

Polar Bear…

Do u think Campbelltown will not be a good investment to hold? what do u base this on? just curious as i hav property a few suburbs from Campbelltown is all…

Jason

Hey FatBoy…

Im thinking the next rise will be .25% just before xmas. then depending on how jobs and the aussie dollar go, anything can happen….

I looked up some loan papers from the comm bank, from a loan i had about 3 or 4 yrs ago, and the varialbe rate was 8.02%… a far cry from what the rate is now…

but by 2004 xmass? perhaps…[Read more]

woops, i noticed your %income is gross, and not net as stated…

perhaps they r costing u toooo much to maintain? if the net was over 9-10% i would still hold…

Jason

Hmmmm

Depends on your situation i guess… do u actually need the money? with returns like that i would hold em..

Perhaps if u needed money you could use the better ones as security and lend on them?

Perhaps the market in tas is still on the rise?? think long and hard, caus once its sold no use regretting da decision… (as i did with a…[Read more]