Recent content by Adrian

Curious why someone would buy this: http://www.irealty.com.au/_r/p.cfm?ci=2375&p=PAD6917867&S=29013992&b=1322656 Rental return of 133 a week, that would have to be net of everything right ? otherwise it doesn't even cover the body corps :confused: Although if that is the true net...

Somewhere for the tax refund to go ? At the risk of hijacking the thread (sort of..), I am due to get my tax refund soon (depreciation, what a wonderful thing :)). My thinking has always been to dump it in the PPOR (garanteed 9% return atm), however I am thinking about buying shares instead...

Brisbane only starting to boom ? Well its interesting Michael has Brissy at the start of the upturn. I would say were already in the boom, in my area anyway. I think vendors are starting to take the p*** Look at this one - 4.2% yield...

Cheers OK, thanks for the replies everyone.

hmmm So where are all the accountants hiding ? (Last and only bump I promise :))

Hi Everyone, My situation is: My IP settles on Monday. I got the final figure needed for settlement today (Thursday). This amount needs to come out of a LOC I have set up. The LOC is an "Action Equity" account with ING Bank. To do a transfer to a third party or send a bank cheque, they...

Yep, their calculator is wrong :) If you try the one at http://www.echoice.com.au, you get the same as excel. the sgb one just divides the monthly amount by 4.. oh dear.. PS Technically the excel method is not 100% perfect because the interest may be compounded daily in real life...

If you have Excel you can use its built in financial functions. Try pasting this into a cell: =PMT(10%/12,25*12,-250000,0,0) You get pretty much the same result. The / 12 and * 12 are there to convert yearly values to monthly ones. You can also use the FV function to calculate compound...

Thanks for your reply alex, I'll have a further look into fixed rates, I had no idea you got 15 year ones. For me the extra cost would outweigh the sleep at night factor I think. PS With my example, I didnt assume a neutral cash flow, I was saying if rent = interest payments then all the...

Hi, First a quick background: I have been browsing the forum for a few months now and it has helped heaps in changing my mindset towards and understanding of building wealth through property. I've gone from "Pay off the PPOR then invest", to "invest but only if its CF positive" to the stage...

Thanks for all the feedback. (Karina, Skater) - If I decide to pursue the issue will definately go in with a written quote, it will give me a much stronger case than going in with some arbitrary number. Still deciding if I should push the issue though, I think the seller is still pretty...

Hi, Signed a contract recently for our first PPOR (yay!). Busy navigating the minefield that is conveyancing, finance etc (been reading this forum a lot though, it helps heaps!) Anyway, I just got the bldg and pest report back and would appreciate advice on some issues. (Used ABIS who seem...

Thanks all for the responses. They have given me a lot to think about and I'll know what to look out for when going to open houses / inspections. I would appreciate if someone could elaborate on the ongoing repairs / maintenance mentioned in various posts. I understand that timber sidings...

Jacque, Thank you so much for the advice. I feel a lot less clueless already :) . At the moment am looking at the Upper Mount Gravatt area. IMHO a good area due to its proximity to the express busway to the city and the garden city shopping center. Also like the road layout - grid with lots...

Hello all, I am looking to buy my first PPOR in Brisbane. My wife and I have fallen in love with the Queenslander / workers cottage style wooden houses (must be the wooden floor and big decks). My first reaction to this style of housing (Im new to QLD) was, no way, its not a "real house"...