Recent content by pete1000

If you read the small print under the graph it says the rise was in the 5 years prior to the games. Just to contribute to your original question, yes there is a market, my friend has set up an identical business a few years back, his wife no longer works they have had a family and upgraded...

Thanks for the replies, I am re-financing with one bank (hold 2 of the properties that have increased in value, fixed rate, no re-draw) and would put it in the redraw account of my other property, held with another bank. So I suppose my key concern is without getting into LOCs etc, are increased...

Am in the process of re-valuations to free equity for further purchases. Is someone able to confirm if there are any tax implications? i.e if I get $20,000 off the bank, my mortgage goes up and so do my re-payments. If that released equity just sits in a re-draw account until a property is found...

Thanks for that - exactly the sort of advice I need, cheers Pete

I would have to check, does it make a difference?

Been looking for a house with high land content for around $250000 for capital growth, already have 3 units. Been offered a duplex on corner block 1000 sq m, $290,000 ( will negotiate can probably afford with 90%LVR rather than 80%LVR). Both rented returning 6%, no body corp, is this better than...

Goddessk, Thanks for that, I have considered buyer's agents but not really looked into it because half the fun for me is finding and looking round the properties (and the financial gain being a big plus as well!). Happy with what I am looking for in an investment property, but do you have...

Thanks for the suggestions, good job Jetstar are getting in on the sales, feel a bit of travelling coming on! Really appreciate the help, will let you know how it turns out. Pete

Hi Merovingian, Absolutely nothing that I know about, that is why I am asking for help, having moved here 2 years ago, and spent a year of that away from the country with work, my knowledge of suburbs stretches to Sydney and Cairns. It is difficult to search on the web and with a street...

Hi Sundancer, I am in the same position, get subsidised rent and not allowed it if I own a property within a certain range of my working locality. As I am in Sydney and can't afford to buy here not such a big issue, the only solution I have come up with is my employer also provides incentives...

I have a budget of $250,000 and having read lots of threads and books am looking to buy a house with as much land as possible within 10-15km of a major city. I am happy to negative gear to a certain degree as long as there is a good possibility of CG beating bank returns i.e 6%(for internet...

Cheers See Change, healthy debate comes from differing points of view so no worries there. Guess I will wait until I have attempted to time the market and had more than 2 years in it, so I can back my opinions. In the meantime, look forward to continuing to read your posts. Stewie - sorry for...

Alright See Change - thanks for the frank response, I think the fence you were sitting on just broke! You are obviously a lot more experienced in property purchase than I am and I therefore respect your opinion. You are obviously a proponent of picking the cycles and market. In this day and age...

Cheers Cheeks - sorry Bianca, very rude of me, hope I am writing threads like yours in 20 years time! Pete

Alright, The research and everything is an important aspect, but if you never take the leap you will always wonder what if? I am very wary of shares and listened to the doom sayers last year that a correction is on the way, overall 2005 has continued to be a pretty good year. Same with...