I think for the foreseeable future .. with a full basket of goodies .. 3 kids 2 pets and one home mortgage .. you are going to have to take small bites for your next nibble. Your pretax residual of around 5k leaves you with the possiblity of being able to borrow about 300k roughly in investment loan from the bank. Add to that a substantial equity…[Read more]

I remember going to the Henry Kaye property speeches. Now … me and my father .. are self made with property so we know our stuff. So we got ourselves the free orange juices … complementary champagne …. and cookies (never forget the cookies) and sat down in an auditorium to see HK give his 20 mins of 'wisdom'. Of course .. we werent treating…[Read more]

brisbaneJosh wrote:
Dear all,I am trying to find a website which details the current listed price of a property together with information on how long it has been on the market and previous price changes.  Anybody know of any good ones?  I remember looking at a excellent one about 9 months ago but can't remember the website address!Thanks J…[Read more]

Matt, congratulations for taking off the blinkers and looking for what you need !If you've had a rough trot as far as jobs go .. I'd suggest seriously going for either a two or more unit .. property investment to start with. At the moment banks will take up to 4 units without turning to a commercial loan situation .. so .. why not take advantage…[Read more]

Bahar7,Steady as she goes sailor !You are about to embark on the greatest mistake of your life. Rushing property investment.You've done the right things .. you've got the big block to subdivide … and … now you reach your dilemma. Serviceability !!!!!The good news you arent the first person in history to reach this point with the banks. Granted…[Read more]

Scott No Mates wrote:
xdrew "4 foot * 4 foot bedrooms" = anticipation for midgets?

Hahaha .. sorry.Try metres instead.

I would resent the whole thing being called a scam. The real estate agent did his job, which was to market the property effectively to obtain best possible price from the public.The developer provided drawn up plans at great expense from his own pocket showing what the property would be looking like when built. He also would have had the property…[Read more]

I dont really see how you can see most commodities nearly double in price in the last year .. electricity up .. water up .. rates .. up .. and not expect that to be passed along to the renter / consumer in inflationary terms. That suggests an upward movement rather than a downward trend. However .. on the same note .. if the money supply dries up…[Read more]

I remember them being rated as overpriced when they were 30% cheaper.I remember a certain nameless newspaper suggesting house prices would tumble in June 2006 .. right before they went up another 30%.I remember the idea that this just couldnt continue … stated .. across the front of the property section …… in 2002.It must be hard being so wrong.

When people start talking about costs and pricing structures i like delving back into reality rather than realty. At the moment the rough building cost per square metre piles out at about $8500 per square and goes upward from there for premium finishes .. or down from there for wholesale costings. So thats your calculation you use for building a…[Read more]

Last entry on the list is .. Blocks of Units.Its a real time saver .. its a new entry (they only stuck it in less than a month ago) and yes .. it finds .. just .. blocks of units.But here is a hint .. the entries that arent properly listed as blocks of units .. are the best buys

In NSW you are probably still able to get a place in Sawtell, Tuncurry or Forster (all walking to the coastline) at a low price. I think in forster the units start at 120k for a 2br, which in my opinion remains very attractive value. Its got good access to coastline and its not too crowded. However as you might expect .. some of these areas come…[Read more]

Actually now its the other way around. The 0-130 book was the first .. but now its been updated recently. The 0-260 book deals more with a downturning market and the property cycle, rather than the how to find or make positive growth properties. There is a book in the middle as well .. 1,000,000 in property in one year. So there are a couple to…[Read more]

SteveMcKnight wrote:
I notice in the news today that Buffett is notes as saying he has loaded his elephant gun and has an itchy trigger finger. Is it rabbit season, or duck season? Hang on a second, I'll go ask Elmer Fudd.- Steve

My gut feeling is to avoid 80 year old mega billionaires with elephant guns. Regardless of the season.

Hi maz_lcThe correct answer is know your market. I suggest you take an open eyed look at your local fruit market for a good guide .. its a commodity market .. a different commodity … but its a good idea at how to deal with a commodity (in your case rent)The fresh fruit .. unbruised .. ripe .. looks great? Its always at a premium .. it goes…[Read more]

Hi scotty8911, I'll give you an idea of the benefits of using your FHOG. Its a handout designed to make it a little easier to start you on your way. Problem is .. its helped everyone on their way now .. and its boosted house prices. It only really covers the stamp duty component of the property purchase these days.Couple of years ago when I wanted…[Read more]

Without thinking too hard, I can tell you there are about fifty deals to make you rich … sitting there on the market right now. There is a property that just needs to be strata divided for resale and you'll reap 500k. There is a block of land close to a country town that is being sold as four dud units, but it sits on 2500sqm of land. There are…[Read more]

Jake, I have re-read your first post. My apologies .. i was reading your post as someone who is going to use your carpentry to work your way into development. My apologies .. i have read a bit too much into the statement.You want to use the FHOG grant wisely? Just remember that its used to get someone in and really exists to offset the stamp duty…[Read more]

Catalyst wrote:
I disagree with this being the "best" idea. You lose a lot by selling. If you buy, reno and revalue you can extract the equity to buy your next one, thereby retaining an asset that will appreciate (above the equity you have just created) AND have your deposit back to buy again. With this strategy you can keep on buying AND…[Read more]

Jake H wrote:
At the moment I plan to buy an old house. Renovate it pretty quick and start renting it out and negative gear it and just wait on it until I can do it again. Does this sound like a good idea?

Well, at that point you fall into the 'wait for appreciation' trap. The buying and renovating is good .. its buying .. and adding value,…[Read more]