Hey guys,

Thanx for your honest replies! yeah the place was the 69 K place advertised on re’.com… but the agent didnt tell me all the “good stuff” lol… wonder why???

Anyways, the place has been sold, or at least contracts hav exchanged… but not with my autograph on it im glad to say…

Cheers!

Jason

Some banks will also lend on under 50 sq metres provided the bedroom and living areas are divided by a fixed wall… ie a smallish 1 br unit rather then a studio

Still… i agree that those in the city areas will drop first once rates rise…

All the best

Jason

U want a story Jessica!

I recently bought a villa in Bathurst, very nice inside, new paint and carpets, paved rear yard. so i thought it was a matter of just moving a tenant straight in!. nup lol

If i buy a place vacant i always try and “live” in it for a few days to make sure everything is ok… so i did.. i got to the property at 11 pm…[Read more]

Hey Sally

Dont ever count on banks for Loyalty…

Nor trust the ppl who “see you as a person, not a number” when their computer says that u cant afford to borrow more, then there is nothing u can do!

Dont take the first aswer as your final… make all the fone calls u can, or use a broker as Mortgage Hunter recomends…

I make around…[Read more]

Personally i couldnt manage without my PM’s

I work 3 part time / casual jobs, and 3 of the places i own r in parts of regional NSW.

Im not a local, and if something needed repairing or attention then it would be hard to arrange that from sydney.

And the mainstream agents usually give booklet upon booklet of all the “services” they…[Read more]

The 6 year rule is still valid looked it up when answering a question here a few weeks ago the free booklets and info on the web r well worth getting as well on this and many other areas of TAX.

Cheers!

Jason

It seems spam is a common problem these days

I once got an email from some poor chap in Nigeria that has 12 million dollars to put into my account to hold for a few days as well. I always wondered what would happen if i opened a bank account with 5 cents and passed on the details?? lol just for the fun of it lol

Cheers!

Jason

Thanx for ur help guys!

Jason

Im thinking along the same lines myself,

Newish (less then 5 yrs old) 2 br units in Bankstown are now VERY easy to get under $300 K some even under $250 K. in a recent real estate mag there was a 2 yr old 2 br unit goin for around $230 K i think!!! this must be below what it sold for originally?

Just my thoughts

Jason []

Hey there 007

I find some past sales data by visiting http://www.realestate.com.au click on the “sold properties” tab, pop in your search and past advertised properties will show up. one trick i found was that if a sold property was done at auction, the figure reached would sometimes show in the loans calculator box located at the bottom right hand…[Read more]

Hey there Retire

Im no accountant, or professional property guru, but i do think there is a change on the way… its fueled by many things, media hype, even whats happening on the news… I personally believe that the property boom was triggered by several things:

1) The almost common knowledge that in 20 or 30 years time the pension as we…[Read more]

As Steve said, it can be done and it is still being done!

Last month i missed out on some 1 br units in Orange advertised on the net for all to see, priced between $42K and $49K and would rent for between 90-100 pw. Im sure even a person flipping burgers at Macca’s could hav arranged to get at least 1 purchased. i would hav probably got 1 or…[Read more]

“When it feels like u have lost everything, fight like you hav nothing to lose”

“winners never quit, quitters never win”

[]

Mee Three

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Cheers

Thanx guys / Gals….

Ill try a few of ur ideas… after all they r not the only agent in town lol

Jason

Hey there Scott,

Just to add my 2 cents, I hav applied for more loans then i care to remember, and hav never been asked about HECS once (although at the time i thought it very odd that they didnt, seeing that it can take quite a large chunk out of your pay…

On when to pay hecs if u do decide to?, i just paid mine off last FY. i was…[Read more]

Mr Young…

Anywhere around Campbelltown, near Sydney. There is almost a new suburb or 2 getting built there every year! and there is still TONS of farming land in the area.. actually heard on the radio just this morning that re-zoning has taken place on some rural land there, and plans are underway for new dwellings (whole suburb perhaps?!?)…[Read more]

Hello Dannads,

After my own experience renting one of my IP’s to “a friend of a friend” i strongly recomend that you use the agent. I was too easy/soft with my new tennent, allowing rent to fall behind because of sad stories (car rego, work not paying etc etc) … and anyone with a heart does start to feel sorry for these people……[Read more]

I have answered your criticism to the best of my
ability, using quotes from the tax office booklets that prove my arguments, if im still wrong then im just going on what the booklets say, but i think you hav lost your case… Where are u getting this information from anyway saying that im wrong?? so far u havn’t proven a thing… just told me…[Read more]

To auspiciousdna; (again)

Isn’t having a place VACANT for 3-4 years whilst still using it as ur main residence meaning that ur living there, but unoficially??? as in “just on paper”???

And, may i ask who has knocked on your front door recently to confirm that you are there???

Its just a matter of how u read the rules and interpret them… in…[Read more]