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Are banks normally VERY conservative with valuations on luxury apartments? mine came in 100k+ under the indexed price. In auction 3 people hit the indexed price. They also compared my property to none that are comparable including a notorious building that was in the news (1 railway...

Ive always assumed my partner owned half of everything and the way we structure ownership is for efficiency purposes only. Everything could be under my name, but when all is done and done its 50/50.

Wow thanks Terry. Saved me quite a bit if money.

Current PPOR has 265k owing and is worth probably 600-650k

I want to turn my current PPOR into an IP and i want to refinance this to help with the new PPOR mortgage. Im married, property is under my name at the moment.

(NSW) Heard this a few times id imagine. Turn PPOR into IP and refinance to help PPOR. We know you cant claim tax deductions on money borrowed if it isnt being used for investment purposes. The 2 common accepted and legal workarounds 1. Sell to a trust/third party at arms length. 2. Sell to...

Its a very low density unit in my opinion one of the best spots in Strathfield. I saw a unit go for 50k+ above expectations a few months ago. I think its going to be a good investment (subjective). I dont plan to move back there because it will be too small for a growing family with kids. With...

Thanks. Its interesting to see some decently priced places so close to the city. Obviously pretty small at 160m (im currently at 125m for my 2 bedder), but its under 1000k for a free standing. And its very contemporary! Good find! I like Strathfield because i have Woolies 3min away, and the...

I have friends that live in Croydon. Its like a ghost town, and having a brothel so close to the center severely drags down the suburb imo.

I want to upgrade to a bigger home to start a family. I live in a unit in Strathfield/Burwood atm and love it. stuff: - 33 yr old. Nearly paid off my unit (~500k). Both wife and I work full time - budget probably 600k-1000k (want to keep my current unit as IP) - 3+ bedroom. Starting...

Ive lived in the shire for a long time. Directly south of Sutherland you have the heathcote/engadine areas. They are renowned as the bogans of the shire. Theyre all quiet areas though, I dont think there is any place to avoid in the shire except maybe loftus oval :) West of Sutherland you...

FHB extension means high season extension FHB is a PITA

http://www.smh.com.au/national/jobless-rate-doubles-in-innercity-sydney-20090514-b4ti.html - 32 people at work gone - Friend been sacked hasnt found a job in 3 months. - Mum put an advert for storeman and got 100 applicants in 1 day, including a few people with uni degrees. - 2 other close...

Thats the info i got from someone elses post. Ive removed it after double checking his data. Try and be nice

This is what ive read, please correct me if im wrong

Ive been reading up and collating data and opinions from several sources. I thought i would post it here for everyone to view and discuss. Basically there are 2 TOTALLY different trains of thought. Its all opinion, and hopefully people can make decisions based on this data. Please note that this...

Bleh, First home buyers boost extended for 6 months. Anyone else here agree prices will continue to rise in FH bracket for next 6 months? Also, what is the general consensus for rental yield vs cost of unit? If a unit takes in say $500/week, how much would you expect to buy it for?

Thanks for the replies. Strathfield, inner west. Ive been pretty specific to a small area south of the station and within 10 minutes walking to station. There is a massive drop off of about $100k in 100m from my desired area. But i am willing to buy in the more expensive area because...

Hi, Ive been surfing these forums for 6 months now looking for hints and tips and now im stuck in a pickle so i thought id register and post. My situation is im a 30 year old (living at home) looking for my first home. Ive been looking for over 15 months now, and ive saved up enough for a 40%...