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Hi Everyone, just a quick question, do i still need to show the banks genuine savings if i am drawing equity out of my PPOR for my next IP? all mine is currently tied up in shares so i wont have the 5 - 10% they are currently asking quick update: my place invarsity lakes qld that i bought...

Hi All Recently we just picked up IP#2. it was originally listed at 135k but needed to be re stumped as the floors weren't even and some doors / windows wouldn't line up perfect. the quote to re-stump and level was $8800. So we asked for 10k off the price to allow for this. We will also...

Who says cashflow +ve and steady CG is too hard to obtain? picked up Investment property #2 just picked up a 3/1/1 on 1000sq meter block, renovated throughout for $125,000 ($135,000 asking price) rents currently at $190p/w regional victoria and yes, history of CG over past 10 years is nice...

Hi everyone. so ive decided the finances are right and its time for IP #2 I got my IP#1 around may this year after following plenty of advice and research up at Loganlea (20 min south of brisbane). picked up a 3/1/1 for $270k and rented it out on a 12 months lease 3 weeks later for $300p/w...

Hi, im looking at a property and it states this at the bottom of the listing "2 Lot planning permit approved" what does this mean? is it something to do with having approval to build across 2 blocks of land (if you own both of corse)?

This house has 4/2/2 and only $195k in somerville. However there is a catch, it states: (Subject to Life Long Tenancy In Place When Buying This Property) The tenants are protected by a long term lease that requires them to pay $1.00 per year rent. This is a result of a court order)...

http://www.realestate.com.au/cgi-bin/rsearch?a=o&id=105668822&f=0&p=10&t=res&ty=&fmt=&header=&cc=&c=7094565&s=vic&tm=1247796487 2bdr are 155k returning between 180 - 200 p/w but expected to be 200+ once all units are snapped up. $39 body corp for 2 bedder 79k for studio which im not...

Good morning property brainiacs! Just a quick question in regards to equity. i recently (2 months ago) settled on a property for 270k, loan sits at 260k (after paying deposit) does this mean i have 10k equity straight away? secondly, almost all properties similar to mine are now all around...

Hi all, finally after plenty of time for settling, and processing times with banks me and my partner finally landed our first IP a nice little 3/1/1 in loganlea near brisbane. purchased for $270,000 (was listed for offers over 270,000). and after just 3 weeks we have tenants in place for 12...

Well its finally completed. all the work was carried out by ourselves. paid $1600 for paves $300 for sand and dirt $400 for plants and pots $200 for hiring compactor and saw $100 on rocks $50 on wood Only have before photos after we had ripped out some of the garden already, some...

Hi everyone, i am in the process of getting my first IP. have spoken with mortgage broker last night and about to sign the contract from the REA with an offer. at what stage do i need to get a solicitor involved? the property is going to be bought joint with my girlfriend. any...

Hey all, just wondering if anyone is familiar with the loganlea area? i went for a drive yesterday and looked at Kingston and loganlea. Loganlea seemed to be a much nicer suburb, the houses seemed neater, it was quieter and the prices were about the same. so ive put a contract on a 3/1/1 only...

*CORRECTION 760msq BLOCK* there is a good property for sale near brisbane with a tine 3bdr house on it. the block is 760sqm looks like you could fir another whole house in the backyard no problem. how hard is it to subdivide this to keep existing house and put another maybe 1 - 2 bedroom out...

Hi all i have been looking at some properties around south brisbane area. Are there any suburbs that are still cheap to look out for that anyone has been researching? I have been looking mostly around north gold coast but there seems to be some good value ones on outter brisbane suburbs. any...

Hello all! I have a issue. im currently on a 3year fixed loan of 7.25% i have 10 months left to go until the fixed term is up. Is it possible, and financially beneficial to cancel my fixed term and refinance at variable around 5.25% or so? or would canceling etc cost too much? is...

Hi, im just trying to get my head around the Tax returns for a property im looking at buying. For example. a 10yo townhouse that i pay 280k for 20k deposit so a 260k loan. say stamp duty, legal fees etc all come to 15k my weekly repayments on the loan are $297 Intrest only body corp...

Hi, im thinking about getting a Jacuzzi for the backyard that is currently being paved. http://img.auctionlords.com.au/imperialspas/Spa-Main.jpg Would this improve the value of the townhouse? rental returns? or is it going to be money wasted. it should look great where is is going, but...

Just a quick question, with people who own 5, 10 , 20 properties. how do you deal with rates when they come around? i mean for 10 properties you could be needing to fork out 20k pa. on a -ve geared properties how do you come up with this cash?

Good morning all you wise people ;) Imm looking at getting my first IP in the next week with my partner. I currently have a PPOR which is with a good friend of mine had it for 2 years. purchased it for $330k now valued at $390k. loan sits at $290k owing fixed for one more year at 7.25% - i...

Hi, im currently undertaking diggin up the backyard grass/ dirt (too much shade not much grass growth more weeds than anything) and replacing with Sandstone pavers. the area is about 30msq Im using 500x500 real sandstone (not cement) honed pavers with a 100mm gap between filled with pebbles...