Hi Curl Curl,

I have been looking in the Maitland/Cessnock/Kurri Kurri area outside of Newcastle and it has seen phenomenal growth over the past year especially in the low price ranges…it’s very hard to find positive cashflow properties there anymore. However if you are looking for capital growth, the Hunter area has good prospects because of…[Read more]

Hey Fullout

The best way to make a complaint about the police is to write to or call the Ombudsmand or Commissioner of Police.

-Nick

Hey David

Oops – didn’t check that post before I pressed send!! They valued it significantly below the purchase price

-Nick

Hey everyone,

Can I just say I’m really enjoying reading about the different people on this forum! Great idea this Leigh…

I’ll keep mine short, but I’m Nick, 20 years old and studying Finance/Law at university in Sydney. I almost purchased my first property (b+h) using my parent’s equity for security about 2 months ago. Luckily for me, the…[Read more]

hey guys,

thanks for your responses. they confirm the sentiments that i was having during the seminar…

the example given was the more ambitious one presented in the seminar – the other example was to charge $100 more rent and offer 5% of the equity…

the thing is, the presenter was saying that these equity leases easily make sydney property…[Read more]

Hey Terry

You legend! People like you make this forum so great

Thanks
-Nick

How about a widescreen DVD version? Now that would be cool…

Hey Nathan, Terry and Michael,

Thank you for replying, it’s really appreciated.

Just to clarify – when you talk about the percentage premiums, are these percentages on the entire mortage amount – or just on the amount that exceeds 80% LVR?

Terry, I look forward to hearing from you on Tuesday. My email is walkernick@hotmail.com if that is more…[Read more]

Hey Michael,

Thanks for posting up that list, it was an interesting read!

Being 19 and having many friends that rent, I know a lot of people with terribly uncooperative landlords.

Remember that just as we are learning how to get the best deal for us, tenants have every right to negotiate a good deal for them. While it is true that the title of…[Read more]

Hey Brett,

Well done that’s a fantastic achievement to get the ball rolling so to speak.

Are you talking about the mid north coast of NSW?

Regards
Nick

Hey there,

that sounds like a really innovative idea! did you get your responses from the flyers or from the referral system? i would love to see a copy of the flyer, my email is walkernick@hotmail.com which area were you looking?

regards,

nick walker

Hi everyone,

I just thought I would comment that EZ-Rent seems really comprehensive and a great analysis program to use. I have just tried it on a property I am looking at buying and when you look at the whole picture, things are not always as rosy as they look to start with!
Thanks for making it available free! I will definitely be using it in…[Read more]

Hi CStar,

I may be wrong, but do the FHBG rules really state that you must live in the property for a year??

I have been ‘advised’ by my accountant that if I want the FHBG for my first property (which is an investment) then all I need to do is go live in it for a weekend, change my address with the RTA and then if the ATO or anyone asks, I got…[Read more]

Hi everyone

The Australian Property Institute publishes a list of Certified Valuers in NSW and lists their ‘standing’ in the institute eg fellow, associate, etc. I got a copy of the NSW book at the recent Property Expo, and I’m sure there’s one for Victoria available as well.

While it doesn’t specifically list valuers that the banks use, the…[Read more]

Hi Fullout,

From my experience, lenders take the lower of the contract price or the valuation price. However, this will depend on the length of the settlement, and whether the valuer is recognised by the bank. The property I am presently buying has a September settlement and I have arranged with the vendor to do some renovations before…[Read more]

Hi Bruce,

What state are you in? I am a university student in Sydney currently purchasing my first property. I have found that I can only afford to look outside of Sydney and as such am buying near Newcastle. I suggest you buy the Australian Property Investor magazine to compare the growth rates and median prices of various areas, and start…[Read more]

Hi quentin,

I would just like to question your reasoning that someone young would be better with capital gains.

I am 19 and currently purchasing my first property which is cashflow positive (positively geared in fact). I reason I like the strategy so much is, being on a much tighter income that older people (I am a student) I want to protect…[Read more]

Hi everyone,

Today i spent $13 to go to the property expo in Sydney which, for what it was, was good value and an informative day.

However, the information provided at the event, in large part, was either from people who

a) don’t invest in property, or have a tiny portfolio
b) who are just trying to adversitse their company, or
c) who are not…[Read more]

hi peter

i probably cant help you with all your questions, but my accountant has told me that any trips made prior to signing the contract on your first property will not be deductible. he has told me that it’s probably OK to claim the travel to go sign the contract and any travel subsequent to that. as for books, etc purchased before your…[Read more]

hey ppl,

i have created a spreadsheet that does quite detailed analysis on a property’s profitability..

includes cash on cash analysis, cashflow, interest only and p+I loans, etc.

I would be interested in having a look at what other ppl have created and I’m happy to share my work. Shoot me a mail at walkernick@hotmail.com if anyone is…[Read more]