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  1. digs75

    Thoughts on Doolandella ....Qld

    I'm starting to look at buying an IP in Qld and came across the suburb of Doolandella, situated 17kms south of Brisbane Cbd, and located adjacent to Forest Lake. Anyone have properties there or know the area and what's planned to have an opinion on this area being a good one for future...
  2. digs75

    Reasons for selling

    I am interested to find out why investors have decided to sell their property in the past ? I am in a dilemma as whilst my property has grown at an average 7% the past 6 years , the holding costs keep increasing. Strata costs rose 140% start of last year and set to increase further this year...
  3. digs75

    145% Increase in Strata Fees

    Got the shock of my life recently when i received my latest strata fees to be notified that the quarterly rate has jumped 145% to $1280 p/q. Building is 38 years old, 21 units in total and due to a previous low sinking fund and capital works required the hefty fees have been agreed upon by...
  4. digs75

    Preparing for a Valuation

    I'm working with a broker at the moment to do a refinance and order a valuation on my IP. To get the best valuation possible what advice/actions can I take or is it in the 'lap of the gods' so to speak ? What I will provide for the valuation are : - Report on recent property sales in...
  5. digs75

    Unconditional Contracts

    Would be great to get some advice on this one ...... My partner and I have in the last couple of days missed out on a couple of properties due to other buyers signing an 'unconditional contract' to get the property. We are not so keen on this idea ourselves as we believe that doing due...
  6. digs75

    Refinance Query

    I've currently been contracting since the last 9 months working off my ABN and am wanting to get a refinance on my current unit and use the built up equity to purchase another property. I've been advised by my current mortgage broker that to get the refinance done I have to present at least 2...
  7. digs75

    RBA and Interest Rates

    Would like to know from readers your take on where you think interest rates will go down or stay the same for the remainder of the year ? Do you think a .25% decrease (if that occurs) would entice households to start spending more or not have any bearing on consumer spending. Seems like...
  8. digs75

    How do Interest Rates Affect Property Investing ?

    With another reprieve from the RBA yesterday to put interest rates on hold I am wondering how sensitive property investors are to interest rates increases ? In my latest blog I posed questions as to reasons why some people why be nervous everytime the RBA meets to discuss rates and interested...
  9. digs75

    Is the Great Australian Dream Still Alive ?

    In my latest blog I ask the question about attitudes to owning your own home for people starting out and do we as a society have a different want and need than in the past to having a nice house to live in ? From affordability to practicality reasons i'm interested to know people's opinion on...
  10. digs75

    So Why do You Invest in Property ?

    As I catch up on this weeks property investment news from industry commentators and leading property institutes on the latest figures around the country I do from time to time ponder what got me interested in property investment in the first place. In my latest blog I suggest what you can do...
  11. digs75

    State of the Australian Property Market

    Depending who you talk to (Seasoned Property Investor or FHB) you will probably get a different response of optimism to where the overall Australian property market is at in terms of good buyer opportunities. I've written in my Blog recently of my own situation as having 1 IP bought three...
  12. digs75

    Borrowing Capacity

    I'm trying to figure out my borrowing capacity to fund my 2nd IP and have been getting varying degrees of estimates both from finance advisors and online calculators. The range has been from $280k-$508k, so does anyone have a trusted source to find accurate information on this topic ?
  13. digs75

    Surat Basin region

    Just reading the latest copy of YIP magazine and interesting to read about townships in the Surat Basin region in Qld are expected to take off with the various LNG projects happening in the region. Is anyone currently investing in that region and which townships are expected to do well ? In...
  14. digs75

    Ballarat Region

    Hi Guys, I'm interested to know people's thoughts on buying in the Ballarat region as learning about the planned multi billion dollar Regional Victoria express fast train line upgrade that affects the Ballarat, Bendigo and Geelong areas, there have seems great potential for increases in CG in...
  15. digs75

    Property Software for a Mac

    Hi There, Wondering if anyone can recommend a good investment property software program for a Mac ? Seems most programs including the one from Somersoft is for Windows O/S only. cheers guys,
  16. digs75

    Aspley - Qld

    Wondering what people who live or are tracking the Qld property market think of Aspley as a good investment area. Only 12km north of Brisbane, close to schools, beaches, shops and has had some good growth the past couple of years in a slow market. Let me know your educated thoughts here....
  17. digs75

    Leverage with LMI - Question

    Hi Guys, I'm doing some sums at the moment to see if it is achievable for me to invest again. Does this sound logical as I would be paying LMI twice to get into IP2: Current IP1 Value = $400000 Outstanding Loan = $296000 Refinance at 90% (LMI kicks in) = $64000 available equity IP2...
  18. digs75

    Pre Post Renovation Valuation

    Wondering if many property investors have performed this strategy before... I am looking to re-finance my loan so I can renovate my initial IP and have been advised by the bank and broker that I can get a pre post renovation valuation done so therefore i'll be able to have access to more...
  19. digs75

    Kitchen Bench Tops

    Looking for advice here as I'm starting to plan a kitchen renovation for my 1 bed IP in Sydney and looking for a mid-range bench top that won't cost an arm and a leg but will also add value to my property. Composite Stone Benchtop vs Granite Benchtop what are the pros and cons for both ...
  20. digs75

    State Property Cycles

    Hi All, Just became a member of this site and hope to learn some good things from reading the different topics of conversation. With the reports that Sydney then Melbourne are the next state's to develop a boom period of property price growth, where about's is the Brisbane property cycle...
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