Recent content by Garry Mac

  1. Garry Mac

    Advice please, feeling dudded.

    Hi angelakatrina Sounds to me like your Agent has not been all that supportive. I agree with other comments that you're playing with fire if you attempt to reinstate the original contract. The OSR is very similar to the Tax Office in that it frowns on anything that even appears untoward. Best to...
  2. Garry Mac

    Advise on Western Sydney

    Have a good look around Blacktown - particularly South Blacktown (if you intend living there). For an investment you might consider Doonside, Hassall Grove, Hebersham. The LGA ticks all the boxes! Cheers Garry
  3. Garry Mac

    Are you buying right now and if so where

    Great. thanks for the info
  4. Garry Mac

    Are you buying right now and if so where

    Considering all things economic - particularly in the US and Europe, I though it might be an appropriate time to ask forum members a question our clients are constantly asking us...are you buying property and if you are, which state and city/town? Have you been 'spooked' by negative press OR...
  5. Garry Mac

    Vendor Not Allowing B&P Inspection?

    I totally agree with the majority here...always have a B & P done while the contract is conditional. Just be careful with B & Ps...ensure you have a good one (which is often not easy). I had a (buyer) client we were working for and the seller had a B & P done prior to listing - everything...
  6. Garry Mac

    Maximizing credit card usage to reduce LOC account usage

    There is little doubt the interest on your credit card is much higher than your LOC. Credit cards can be a 'god-send' if used correctly. Provided you are disciplined, by all means use your credit card(s) as much as possible BUT (and that's a BIG BUT), pay off the total balance by the due...
  7. Garry Mac

    granny flat add value?

    Totally agree with Rolf and Propertyunity - have a look at other lenders OR (even better) speak to a good Broker. The most important issue regarding granny flats (just like any form of investment) is to do your homework AND there are many issues to consider. It's a great strategy provided you...
  8. Garry Mac

    House or apartment in Sydney?

    Have a look around Sydney's Western Growth Corridor menty. For an IP with good potential capital growth and strong cash flow, buy a house and add a garden cottage (granny flat). Rental demand is also high. Cheers Garry
  9. Garry Mac

    Buy in which mining town??

    Hi timtam As with any PI you obviously need to do your own research. In terms of 'mining areas' have a look at Moranbah in sunny QLD. We spent a good deal of time there, not only with Agents but with Council, Engineers involved in the various projects AND have bought for clients... doing very...
  10. Garry Mac

    Posivite cash flow?

    Hey YPG You might also consider looking in the western suburbs of Sydney (very good potential for capital growth) AND adding a garden cottage. Overall you get very strong cash flow. Cheers Garry
  11. Garry Mac

    100k major renovation OR 30k reno and 70k granny flat?

    Hi YPG Before you consider building a granny flat in sunny QLD, I suggest you check with the local Council. Last time I checked with 3 of the larger Councils (including Gold Coast), you are permitted to construct a granny flat as a 'dependable housing' option. In other words you can 'house' your...
  12. Garry Mac

    Will The RBA Move On Interest Rates Next Week?

    The one thing we can be absolutely certain of is that rates won't remain where they are...maybe the next move will be down - only time will tell!!
  13. Garry Mac

    Will The RBA Move On Interest Rates Next Week?

    Well, now we know. I have to admit I was more than a little surprised by the RBA's move BUT not at all surprised by the banks. Maybe we can all relax for a while now that it's far less likely that further increases will occur in the immediate future. Hopefully everyone can still afford to...
  14. Garry Mac

    Searching for property - look at ALL real estate prortals

    I agree Andrew. We've been using Investar for some time now and it has proven to be very good indeed. We've found some excellent deals in our niche using the search tools. Cheers Garry
  15. Garry Mac

    Will The RBA Move On Interest Rates Next Week?

    Good afternoon all One of the most pressing questions at this time every month is…will the RBA raise interest rates? Whether it does or does not will be revealed next Tuesday. However notwithstanding the RBA’s decision, I believe there is a far more pressing question: will the banks raise...
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