Recent content by ironscythe

In traditional loans i.e loans based on construction costs you can get upto 80% Yes. There is something called gross realisation loan or equivalent which gives you a loan on the gross sales value of the project subject to certain conditions and I believe presales is one of the conditions...

Thanks Rooster. I would love to get your educated and well researched view on investing in Gladstone. Given that i have bought a H&L and am also trying to build a house there,I think I might be slightly more educated about whats better between the two options.

do your own research with this and you might be able to pick a good one. I bought a H&L in the earlier stage of an estate. picked a house which was due for completion in 1 month and came with a 2 year rental. The same builder is now selling similar houses atleast 40-60K more expensive now...

Clinton,New Auckland, Kirkwood are good central locations with lots of facilities coming up (child care, schools, woolies etc). Some of the agents have said that newer estates around glen eden are also popular as rentals due to them being closer to the town. Also a home and land package is...

second that. and in the current market i would be looking to push the developer as much as i can

yup a new nanny every 6 weeks or so. watch out child care centres

http://www.couriermail.com.au/news/national/aussies-asked-to-take-in-asylum-seekers-and-be-paid-for-it/story-e6freooo-1226345262761 would be interesting to know how many would be comfortable housing an asylum seeking

Dont know about other ones but the contract between APLNG and Sinopec are highly demand oriented. APLNG is contracted to supply X amount of gas every year but only as long as Sinopec needs the Gas. In theory Sinopec can any day stop purchasing it from APLNG which is a risk which APLNG was ready...

Not sure if its a good idea to start an ad with the word "Flooded" especially in Queensland. I missed everything after that word for a couple of seconds and had to reread the first Line after i got my composure back. If i had come across it while searching RE, I would have skipped it after...

construction costs hi Em I just got a costing back for a turnkey build of a 5 bed 3 bath 314 sq mts house up in Gladstone. The builders contract (including architects fee) came to approx $1700 per sq mt. It is a medium to high level finish. We managed to change a few things and have got it...

Hi all Not sure where this should go so am posting under other here's our situation 1] PPOR - value 620K (April 2011) - loan 562K - offset account -40K cash 2] IP 1 - Value at purchase (october 2011) 525K - Loan 505K - rent 705 p.w. 3] IP2 - Land value 220K - Loan 203K - House build...

Some Light on gladstone Just purchased 2 properties in gladstone 1] vantage estate (under construction house- completion date mid september) cost - mid to low 500K rent - 705 pw leased from 1st October 2] land in emmadale around 200k ( getting quotes on builds from builders anywhere...

did it before and still doing it I think the excel stuff worked great for me. Instead of having a savings goal what i did was calculated 3 scenarios based on max spending, average spending and absolute minimum spending. this breaks down to costs for every single detail and each actual expense...

The art of buying Well now how do we know if an agent is telling the truth or Lying. Most of the time we`d find it by doing our own research. In my case i just checked the how much the house sold for 2 yrs back and decided that a 9% increase from last sale was a good figure to pay for it...