Recent content by Lucky88

Thanks Rixter, Exotic and Brady, Prices in this area range from $550000 for a weatherboard three bedder to $90000 :eek:for near new things in a new estate which is way at the other end of the suburb which I hate but out of towners seem to like.and there is not much new in this part of the...

over capitalisation Hi Rixter We don't want to undercapitalise, certainly, but also not the reverse either. Thanks for the advice. I guess if we can't make the given 20 per cent without spending more it may not be the great deal we thought it was. Grr. Cheers Vanessa

Implications for PPOR Hi Terry Thanks for the reply. By implications are you referring to the capital gains implications if have to sell PPOR in the future? We are never planning to sell, however, it has been an IP for 12 months already. Is there something more I am missing?:confused...

Similar scenArio Hi there Looking to build IP move into it for 12 months to reduce CGT then move back into PPOR which we would need to rent in the interim.Can it be done??? Thanks.

We should spend more? Thanks for your ahem refreshing:eek: reply Aaron. I do respect your learned opinion. So you're saying it's worth paying the extra $50 000 or so to get a quality product. And hopefully, a much, much, better resale value?

Hi all again So hubby and I sold our PPOR as it was too close to an ugly development that was about to happen We moved into our IP at Christmas. Now we are ready to invest again and have found what looks like the perfect springboard for our strategy, which is to make an income that will fund...

Hi all Haven't posted for a while. Life's been hectic. Sold PPOR just before Christmas,literally DAYS ahead of bulldozers trashing our quiet haven to build 70 town houses. Moved to our IP where hopefully we are safe. Now looking to find another IP and have been scouring northwards.Hi...

Berowra I can never figure out why people don't look north of Hornsby in these circumstances. I am penning this on the fast train from the city. A pleasant 45 minute journey in an air conditioned carriage...house prices here are relatively affordable. We have the Hawkesbury, the bush, Central...

Hi all I am hoping some drainage guru out there will offer me a solution to this issue. DRAINAGE. My PPOR has a severe drainage problem out the front and underneath. It is so bad, that my son's new curtains are covered in mould after only a few months. I think the problem is that water...

PPOR to investment Hi all I am in a similar predicament. PPOR in Sydney valued about six months ago at $550,000. No debt. Have a LOC of $400,000. Want to make PPOR the investment (will rent for $450 a week maybe even $500). Then buy a new PPOR near the beach. Hubby and I have ony one...

wiring money Hi Can your uncle not wire you the money? From one bank account to yours. You could watch the money market and tell him when to press go when it lifts a bit. Just a suggestion....

C&n Oh dear!~:confused: We live in Hornsby and set up a PIT with C&N. Were going to let them handle all our stuff from now on, but I am NOT prepared to give money away? Anyone able to recommend a good property accountant in our area? Please? Lucky88

I have $400 000 Hi Guys Haven't checked my clauses yet. BUT we have a $400 000 LOC against our PPOR along with another $50 000 loan. We have no debt whatsoever as we were very conservative and just paid off our house as soon as we could. The house was valued in the high $500 000's when we...

Hornsby area Wow. I am always wondering why nobody looks at my neck of the woods?? Berowra. Practically no crime, and this is reflected in the lowest insurance premiums. National park surrounds, a river down the road for water sports. Express trains to the city. Buses to Hornsby. A small...

hornsby Hey I work in the Madison building in Hornsby which is a Meriton construction. This place has a lot of medical services eg, dentists etc and the building was supposed to be custom-made to suit disabled people. Well I am not kidding every other week the lift is broken, the automatic...