Recent content by Keentobuy

I quite like Higgins. I have an IP in Evatt which is a similar sort of suburb. Toward the lower end of the socio-economic spectrum. Close to Kippax, newish super school at Holt. If I was buying in ACT at the moment (and I'm not), I'd either look at spending less for a 3 bed 1 bathroom...

There is money to be made on the ex-gov housing in Canberra - if you buy at the right price. Have you got a copy of the contract? It should contain a building and pest report, which will give you an indication of how much work is required. Should also tell you exactly how old the property is...

A bit of time on www.allhomes.com.au should be able to give you some previous sales for the property and/or others in the street area you're looking at. Previousl sales info is trickier to find for Queanbeyan - best way is to google the address. If you really like the place and are within...

Thanks Gents, I've got my broker on to it. Was just looking for any extra info I could get my hands on.

Quick one for the brokers (and those in the know). Had an offer accepted for $215k for 3 bed fibro in the Nowra area. It's an old house, but in pretty good condition for its age. However, building and pest inspection revealed old termite damage in the separate single garage (also fibro)...

I'm guessing stamp duty will kick back in at prices over $600, but haven't seen anything specifically addressing that question. More info here: http://www.osr.nsw.gov.au/benefits/nbb/

ACTInvestor - I hope you lodged your unit title application before Sep 2009. ACT Gov won't approve them anymore, unless part of the GFA of the two dwellings are partly superimposed (don't ask me to explain that bit)...

http://www.allhomes.com.au/ah/act/sale-residential/7a-nyah-place-duffy-canberra/1316750986011

If you've got someone willing to take all the financial risk and only half the profit, I reckon jump at it. Assuming your figures all work out, $100k in your pocket for 6-8 months work seems pretty sweet to me. With the money you make from this development, you'd probably be able to fund the...

Craigb - I agree with gg165. I reckon the $1M+ properties in Molonglo and North Weston will push prices up in the 'Creek'. I live in Duffy and am pretty tempted to buy an IP in Duffy or Weston and enjoy the ride.

According to the ABS Stats released yesterday, Canberra house prices jumped 20.6% in the 12 months to March. It's quite difficult to buy positively geared property anywhere in Canberra. A double income property for the right price might make it neutral or slightly positive. Alternatively...

I went to a few open homes in Canberra on the weekend. One of them was being sold under company title in a non-core area. Developer had built 2 * 4 bed ensuites on an empty block in an established suburb. Had sold one and the other is still on the market. First time I've ever seen...

Whether he can or can't is kind of immaterial. You can't sell it (i.e. contract for sale) without his signature. You'll both have to agree to sell. In the absence of that you're only choice is to hold. I'm not a lawyer, but that's how I see it unfolding.

It's risk management. Whilst your business income might very secure, the unfortunate facts are that many businesses are less secure and some shut up shop altogether.

I'm not buying for any other reason other than wanting to get into the market again, build equity and buy again and again until my early retirement. Haha. I might have missed the Bronte boat, but there are plenty of other opportunities within my range. Zeatland and Beaconsfield have been...