Recent content by iamjames

It's called buyers remorse. When I was 22 I bought a townhouse site unseen interstate. The price and yield were good but that was all. When I inspected I found out it back onto the rail line as well. But within 5 years I had doubled my money. I still own it 12 years later. You are lucky you...

Hi Folks Have a small project in North Sydney Council area, and proposal is to turn 2 bed flat into 3 bed flat. On the advice I have received from private planners, I should have no difficulty getting it through council... However... one of the council requirements is strata approval...

Aaron, your post stirred something in me that demands a response. Firstly, I hope you are okay. Secondly, advisers can bleed people dry and I have personally avoided them (I don't even have an accountant despite being a very active investor), so I get your skepticism. But lastly I wanted to...

Thanks Mystery. I did come accross this document which is why I am worried :eek: I suspect it is more a matter of when and not if the property is flooded.... I'd be grateful for any further updates from locals.

Thanks, why couldn't I find that! James:)

Hello A suggestion to the administrators: The forum should really have a dedicated space for the Queensland floods - so many investors will be impacted and will want to talk about insurance, rehab, buying, selling etc. I have a house at Bridge Street, Redbank, can anyone with local...

Thanks for the reply. It is for an IP for long-term ownership. Would prefer a character-style Queenslander. I figure this year will be a good time to enter this market.

Hi Folks After a freestanding house in Brisbane, which I don't know that well. What are considered the blue-chip areas - say equivalent to Sydney's North Shore, Northern Beaches, Eastern Suburbs etc. And what would be considered solid middle class areas, rather than glamour suburbs -...

Hello I am renovating a bathroom. When the walls were stripped back a pipe burst and the bricks were soaked. The bricks were eventually rendered after the renderer's assured me it would be fine :confused: But it has been a week after the render was applied and it still looks damps in...

Hello:) I'm due to exchange contracts on an IP this week and need to provide the usual 10% deposit, which I have in my savings account. However, as the property is for investment I want to maximise tax effectiveness. I therefore intend to borrow the 10% but I won't have the borrowed funds...

Interesting reading... http://www.economist.com/opinion/displayStory.cfm?story_id=15213157&source=hptextfeature I'm by no means a property pessimist, but the recent bubble in the first home buyer market is cause for concern.

I am after an unrenovated property in Potts Point / Elizabeth Bay / Rushcutters Bay that is not outrageously priced. Super interested in BAs that can offer listings before they go to market. Pls PM me.

I have noticed recently that asking prices in Sydney's inner east (Daringhurst, Elizabeth Pay, Potts Point, Rushcutters Bay, Woolloomooloo etc) seem to be softening. I'd be interested if anyone else is picking up on this? I watch this market very closely. Being a local I saw that the...

I currently own four IPs with four loans all through the same bank (St George) and which are cross collateralised. I want to buy another IP, but this time use another bank, so that all my finance isn't tied up with the one lender. To do this I need to borrow about $60k for the 10% deposit...

Just to clarify, I would never pay off investment debt ahead of PPOR debt. I understand the logic of that. I've only recently bought my PPOR and since that time I haven't paid off any debt - either for my PPOR or IPs.