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My parents bought 36 acres at Cowra just last October. Been there a few times, a great place. I love their masssive property, and their backing onto a sort of forest, good for hiking. Can't wait till we get that motorbike up there :) Yes everyone come to Cowra, yes please. Drive the prices...

ANZ and CBA offer the FHSA. Both with no fees. ANZ has an interest rate of 4.0% whereas CBA has 3.75%. I'd go with ANZ. Cheers, Chris

I'm trying to move as fast as possible. My partner is due for a big payrise (like last week), she needs a letter from her boss to sort of tell the bank that this is her new pay. But the boss is fiddle diddling around and taking ages (idiot:mad:). We can only afford the lower prices because I...

Sydney's Western Suburbs. House and land - Blacktown/Marayong Townhouse - Quakers Hill Our purchase price would be up to 320K max. We can't afford house and land in Quakers Hill but can afford a townhouse. Chris

Oh ok, hmm. The dad knows that its the land that appreicates and that the building depreciates. With that logic wouldn't you buy large land (house 600sqm) and not buy a newer house (more depreciation, like buying a NEW car is not smart financially). Hmm, sometimes we will just have to...

Ok back onto the helpful Dad again, he keeps talking about townhouses. "you guys can afford a better quality property (building) in a better suburb for the same price and you wont have to do a renovation, just buy a townhouse" I have always had an aversion to townhouses. I have never looked...

Thats true, Say the unexpected happens and we both lose our jobs and we can't get finance and then the dam money gets transferred into our super, we don't want that, that would be a disaster!!!!!!!! :mad: Keep going guys, I need the reinforcement to stay focused... Chris

Ahh, its so hard to not pay attention to all the D&G and the hype in the media. My young mind is being swayed. :( Did you read the article what did you think? More hype, more figures, more deception ???? :confused: I feel like a child at school who didn't do their homework and now my...

Hey all, I have been inspecting properties over the last 2 weekends (7 properties in total) and I have found one which I would be happy to put an offer on. My partners dad has been very helpful to date. Today he presented me with a newspaper article...

Thank you Rockstar, thats exactly what I was after. Chris

Hey guys and gals, How do you find out the local council regulations for subdivision/developments? Do you contact them and they have like an info sheet with rules and requirements that you have to follow (e.g. certain frontage, etc)? I would like to find a block, with decent frontage...

I won't be wasting my money :D

I have looked at one on a main road. Terrible, they were asking $335K, they would be extremely lucky to get 270K for the noisy dump. Train line avoided completey.... Theres more houses that don't have any of the mentioned negatives so the odds are certainly in my favour :) Cheers, Chris

The general consensus is avoid the train line property, I actually inspected the property yet. I've seen other houses and their exposure to the train line. Hopefully there is lots of trees. If I could get a massive price reduction I might consider. But now, NO. Thanks guys. Chris

I am looking currently at about 5 properties to be my first IP (initially PPOR then IP). One of these properties backs onto the train line, this train line is raised which means you have no privacy what soever. The asking price is 305K, whereas similar build houses in better location are...

This post and a few other posts have changed my views, I now view my goals as accumulating properties over the years and then later using the properties as a means to fund my lifestyle and cut back on work (hopefully full cut back). This new view has mainly been inspired by Rixter and a few...

Thanks Ian, my confidence has taken a beating over the last few weeks but a few fellow forumites, confidence is returning and with your post Ian confidence is here to stay. I will be buying this month and I can't wait. Chris

I've read over 20 property investing books and thought eventually that all are similar in their theories, i've never given Yardney's a chance. I might go buy that tomorrow. Never sell, I have been giving it some thought, could neutally gear it, then over tim the rent will increase but the...

Great advice from someone in a similar position to myself. Give some details on your situation and your future goals?? Chris

I think I have to get in quick though as the lower-end market is moving a bit and I don't want purchasing to become unaffordable. Chris