Recent content by kavo

I have thought about that, but theres a lot of vacant houses and townhouses up there. Since no one lives in the mining towns and everyone travels from mackay or from Brissy they all live in Camps, I wouldnt be surprised if the town ends up dying but I could be wring and it could pick up.

Isn't the first home cash only for new dwellings in Queensland? I did consider a Reno but don't think I'd have time usually quite busy on weekends. I wouldn't live up here but if I wanted to I could probably nearly buy a house in cash :D

Yeah i thought about that, would probably go a different location with mates in Brissy. Thats why I started this thread was to get different opinions. Reasoning behind the PPOR idea was i was planning on renting the other rooms to my brother, and possibly sister so the mortgage payments I...

Yeah I thought that may be an issue. But i can provide over two years of work history with no gaps. Also my Dad could go family guaruntee (he owns, no mortgage) his PPOR

Thats the theory behind that area. Chermside seems to be getting expensive which leads me to think the prices will increase eventually in the suburbs just near. As I said I'm not looking for a long term (read: lifetime) PPOR. More like a first home/first IP in one. In 12 months time...

Currently looking at townhouses or houses around the Carseldine sort of area, would go around carindale but that seems out of my price range of what I'd like to spend

Thats the reason I'm not renting anywhere currently. I see the house/townhouse as an investment because it obviously isn't where I'd like to live when I get a bit older. My brother would probably also live there too

Yes I am living with parents paying minimal rent but 2.5hrs drive (no traffic) from Brisbane which is where I fly from every Monday. There are other reasons such as friends in Brisbane etc

The bigger picture you mean as in purchasing properties down the track? My employment contract is casual however it is a permanent role. I have been there 4 months starting immediately after my last place of employment

Hi, not sure if this is the right section but couldn't see it fitting anywhere else. about myself, 23, I am currently fifo monday-thursday out of brisbane and moved back in with my parents roughly 2.5hrs away from Bris when I moved back from NSW. I have a 20% for 300k property. Don't want...

Thanks for the extra replies. I think I need to see a property investment advisor to go through this

Thanks for the replies. The intent of going joint was mainly to act as an entry for me and my dad to get into property investments. He owns his home (no mortgage) however neither of us have any experience in IP and the intent was to get something together as a sort of break into the market.

Thanks Jamie

Thanks for the replies, I might be missing something but how would the IP be set up if we wanted 50% ownership?

Hi, I've only just joined so have much reading to do. My father and I are looking into buying an IP, him using equity in the home he owns PPOR and my cash as a deposit. Is it possible to put down say 10% cash and use the equity in PPOR to negate the mortgage insurance? any advice would...