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    Glen Waverley auction today $5,505,000!!

    Hi all, Had yum cha at the kingsway in Glen Waverley today and walking back to the carpark saw a crowd of people down a street looked like an auction. It was..... 50 Montclair street an old brick house on 810sqm zoned commercial or whatever for building whatever you want really...
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    Creating instant equity....using your rates notice

    Hi All, This scenario may not occurr too often but just wanted to let everyone know of an option available to use what may appear to be a negative and use it in a positive way. We bought a property which settled 4 months ago for what i thought was a bargain at $435k.....10% deposit put in...
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    How soon after settlement will CBA accept a reval?

    Question for brokers experienced with CBA. We settled a place 2nd July, and by all market comparisons got a pretty good deal. How long do I need to wait with CBA to refinance and potentially pull some equity out to reinvest? 6 months, 12 months? Cheers, Nath
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    justifying selling an IP

    Hi all, just thought id ramble on and see if anyone else can see where im coming from. Since buying our first property back in 2002 and getting a few more since then i have always stuck to the "we will never sell anything" mantra. Couple weeks back the idea of cashing in by selling one to...
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    Capital gains tax and depreciation effect on selling question

    Hi All, Have never sold an IP before but am considering it, and need confrimation of the below from the experts on here :-) Scenario..house built brand new 4.5 years ago..was an IP for 3 years before we moved into it for the last 1.5 years. Depreciation was claimed for the 3 years it...
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    mortgagee auction...no bids..how low should i offer now??

    Hi Guys, Scenario...went to an auction recently...house is in banks possession...3 people there, no bids, nothing. its still sitting there as a private sale now. i approached the agent for a copy of the sec 32 and it lists in there the motgage ammount against the property originally...
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    When to get a revaluation done,best time?

    Hi All, Particular area i have an IP in has seen some surprisingly good sales results for almost identical homes, that make getting it revalued to pull out equity worth doing. Question is, how long after a sale has taken place are valuers able to access the info as a comparable sale? Is...
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    Lower end of Market....looks okay

    Hi All, I have been watching a couple suburbs in outer melbourne where i invest, and basic houses listed for between $220-$270k have been getting snapped up very quickly. On realestate.com.au in one area, the first 7 (cheapest) listings all had contracts on them within 1 week! Now...
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    Rents go up as the stockmarket dives......

    Hi all, Just wanted to post some good news (for me anyway) Even with the turbulent stockmarket dives and "whole world is going down the tube" thinking at the moment, we have just last week increased the rent on 2 properties by 13% ($30) and 25%!! ($80!!) per week respectively, couple this...
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    Calling all pre 1990 buy and hold property investors

    Hi All, I would really like to hear from any of the experienced investors here who bought IP anywhere before the "recession we had to have" (so late 80s/ early 90s) or even earlier and have held on through the bumps and get thier take on the current climate....is this just another bumpy...
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    Asking the bank for a discounted variable

    Hi All, our fixed rate is about to reset in a couple weeks to the standard variable on 1 of our mortgages, with 1 of the big 4 banks. We are happy to leave it as variable but what is the biggest discount with same lender that i can realistically expect off the standard variable. we...
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    How does this Work??

    Hey all, Scenario is this....A loan is secured by a property where it belongs 20% to one party and 80% to another party (on the title). Both parties are on the loan. The question is... if for some reason, the circumstances for the 80% stakeholder go bad ( eg. loss of job, death...
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    Backyard Blitz!!!

    Hey Forumites, Need some advice on a relatively inexpensive way of covering a 17.3m x 8m backyard for our tenants. They have a young 3 yr old girl that they would like to buy a swing set for. At this moment the backyard is good old melbourne clay, relatively flat, needs a...
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    whats the oldest book on real estate investing you know of??

    Hey guys, can anyone give me some ideas on where i can find old books entirely devoted to real estate investing. the earlier the better, lets make it a competition to see who can provide the earliest. title, author and publisher would be great. im thinking the state library would be a good place...
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    $5.6 million Melbourne Median???

    Hey Forumites, with the new median melbourne price of $350k, how realistic do you think it is that in 40 years time, allowing property to double in price every ten years, that the median will be $5.6 million? is this too low, too high or just too far down the track for any real prediction to be...
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    tax deductability scenario......

    Hey all, i am back for some more wisdom. Heres the deal, we have revalued our PPOR, its gone from $370K to $410k, freeing up approximately $36k (90% 0f 40k). These funds are to be used to help fund the purchase of another property which will be our new PPOR.Our original property will be kept...
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    interest only on PPOR?

    Hey guys, i am interested in getting some opinions here. i am new to the forum and property investing as we have our own PPOR and we are now looking to turn this into an IP and purchase a new PPOR, its a learning process (finance, tenants,etc...).Anyway, reading through a few of the threads it...
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