thanks for the feedback, just what I hoped for. I will manage myself (have always done so with my -ve IP’s.) so don’t have to calculate management fees.
Have also looked at splitting the loan so a portion is principal as well (risk management)and still maintain +ve cashflow. Very slim margin I am aware but area has maintained good capital growth…[Read more]

I mentioned in an earlier post that I am now a renter and am appalled that the agent has not inspected once since I moved in. I will also have no problem getting my bond back when I leave as I filled out on the condition report that the property was filthy on entry. No one at the agency ever queried that report which means I can leave it any way I…[Read more]

On the bright side there are some great floating floors out there and everything your kids now drop will have a much better chance of survival than on tiles.
Keep looking for that silver lining and enjoy your finished product.

There is no turning back.
http://www.foilbiz.com

Don’t know if it has gone up in the last 12 months but our last 2 properties we used 2 different agents (standard real estates) and they both charged 7%. One here in Brisbane and the other in Caloundra. A quick call to any estate agent should sort it out.
We managed our own property last time and were much happier. We achieved a higher rental than…[Read more]

Battz, I would love to drop you an email but son’t seem to be able to find your addy anywhere.
I am based in Bris. Whereabouts in Qld are u?

There is no turning back.

Would help if we knew roughly whereabouts your new IP was?

Got Rocky on the list. 7 hours drive from Bris (roughly) hope to drive up in the next month and have a good look around. Any local info would be appreciated.

the information from my accountant was that I had to make a genuine attempt to make the property my main place of residence. ie: change your voting addy, have utilites connected in your name. You can then sell it 2 days after you move in if you want with no capital gains. As long as the taxation office don’t believe you are doing it regularly for…[Read more]

My former husband and I were fortunate enough to be around and buying properties 5 years ago before the property boom hit Brisbane. We negative geared our combined incomes of $100,000, sold after five years of huge growth to make a tidy profit. However I should point out that we would no longer consider this an option. The cost of homes now is…[Read more]

I currently live in Brisbane and have done so for 10 years now, but I have also spent about 10years in Towsville so I know the area well. Would love to find a pos.cash flow prop. there if I cannot find one closer to home… shall keep up the search

I don’t know which web site you are using but all I can find in Townsville are negative geared properties. Averaging around $120,000 but only renting at $130/week. Definately not positive cash flow prospects…where are you getting your proerty info from? I am all cashed up and really keen to start but am having a huge problem sourcing my first…[Read more]

quote:
Good for investment properties. You may even get a positive return from Cairns from the first year.
But in Chermside/West you will have to negatively gear though as it is close to Brissy.

I am a newbie who has been surfing the net for two weeks looking for poitive cashflow properties. Where in Cairns would you source these? I did not find…[Read more]