Hi guys,

There’s no harm in starting to shop around for property managers before settlement…it’s a blessing to have a tenant ready to move in by settlement! Remember to ask potential property managers lots of questions – and don’t just pick based on their fee. See what the fee includes, how the manager has dealt with certain problems before,…[Read more]

Hi Paul,

Before I started looking for my first property I had the same concerns about talking to agents that you had. Since then I have learnt a couple of things…
Firstly, I have found that there is a difference between agents in the city and the country. We have just bought our PPOR in Sydney and have found the agents a lot tougher to deal…[Read more]

Hi Oscar,

I am in a smilar situation… I have a 6 month settlement and intend to negotiate with the vendor to arrange for renovations before settlement.
Would you mind mentioning which originator you found to allow a loan based on valuation rather than contract price?

Cheers
-Nick

Thanks heaps AD.
I didn’t realise how negotiable the deposit amount can be.
The vendor is not an owner occupier so I can’t for the life of me see why she would want such a long settlement. But you have put a positive light on the subject!
Nick

Hi there,

Just some stats for you in case you don’t have them:
Umina/Ettalong – postcode 2257
-median unit price $254,000 (june 02)
-capital growth units 13.2% (last 12 months)
-rental yield units 5.27% (last year), 6.03% (last 10 years)
-average rent units $270pw

These figures are nothing special but you’re correct that the fast ferry may have…[Read more]

Hi everyone,

Would it be OK for you to link to some of the better overseas forums? It’d save me having to shop around like you guys have done. Thanx

-Nick

Hey Everyone,

Sooshie, I have the pleasure of spending Christmas in Melbourne! After spending today driving down from Sydney…boy is that a boring drive…we’ve arrived! I plan on having a great Christmas with my family and then getting back into the books between Christmas and New Year.

I have a goal to purchase my first property before I…[Read more]

Hi Napalm,

From what I understand, the 11 second rule is a general rule that can produce a positive cashflow property in the current interest rate environment as well as providing ‘insurance’ for if interest rates should go up.

I have done some basic calculations, and on a property that just satisfies the 11 second rule, that requires…[Read more]