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  1. 7smurfs

    My Story 10+ Properties by 30 yo

    Thanks for your insight Michael. Will look at moving back in with the folks temporarily and look at renting to achieve a better cashflow. You are definitely right about eating out everyday and then some more on luxury items/bills taking a massive hit to my savings! Renting seems like the...
  2. 7smurfs

    My Story 10+ Properties by 30 yo

    Great story Michael! Congrats on your success! I'm actually curious about your serviceability - I've only acquired 2 properties however live in one as a PPOR for the past 3 years. This has restricted my cashflow heavily... and I am considering moving back home with my parents (still fairly...
  3. 7smurfs

    Positive/Neutral Geared Properties in Melbourne - Where are they?

    Very hard to find +vely geared property in Melb. Would look at -vely geared and use depreciation/tax benefits to offset.
  4. 7smurfs

    How do you keep purchasing properties?

    Agreed, I think serviceability is the biggest factor when it comes to when to stop purchasing more property. NRAS sounds very good for lowering your income however there is also a great risk of what happens when you lose your job? You will need a decent sized capital to maintain the massive...
  5. 7smurfs

    Iphone 6

    S3 is definitely a good phone however wouldn't say it was great. I found that it had battery life issues and was quite unstable at times i.e. crashing whilst on a phone call etc Also, my screen got smashed and it cost me $300 to repair! :(
  6. 7smurfs

    $600k to play with, Advice?

    what are your goals? passive income? capital gain? 1 IP, 10 IPs?
  7. 7smurfs

    Depreciation Report - Have I left it too late?

    Very much worth taking a look into. I have a 1960s apartment and it still managed an extra $1300 for my tax return which I wouldn't have gotten otherwise at a cost of half for the depreciation report.
  8. 7smurfs

    Looks like house prices are on the up...

    In contrast, has the sentiment been correct that rentals have gone down as buyer demand has gone up?
  9. 7smurfs

    2BR Melbourne PPOR (FHB) - How are these suburbs?

    Maybe look at upping your budget a little more to around the 500k mark... I would say an extra 80k will open options around 7km from the city and arguably a potential for greater capital gain. Furthermore, look at 1980s apartment if you are looking a larger kitchens and space (70-90+sqm...
  10. 7smurfs

    Bank requiring the original Title to be posted to them.

    heh this thread is all too familiar with my parents sentiments when i first took out a gaurantor loan with Homeside. In the end as per standard homeside procedures + alot of negotiating with the parents (thanks Aaron for coming out and having a chat with them) it was all agreed and the title...
  11. 7smurfs

    My development

    Good stuff Aaron!
  12. 7smurfs

    First Home Buyer - rent

    Bahahaha must be! Oh and Aaron, you'd be happy to hear that I plan on moving out when summer hits.... 6 months later than intended heh
  13. 7smurfs

    First Home Buyer - rent

    I can vouch for Armadale having lived there for a little over a year now. The most noteable factor of this suburb is the abundance of amenities/essential facilities that are within 5-10mins walking distance i.e. Public transport (trams/Armadale station), Grocery/Shops (Malvern central...
  14. 7smurfs

    1.2 km walk to station...is that too much?

    I'm about 700m which is ~10min casual walk for me. I do sometimes wish I was closer but the extra walking doesn't hurt fitness wise!
  15. 7smurfs

    Younger Investors Experience

    As others have stated - a combination of equity + savings is required to continue purchasing up. Also helps if you don't end up moving into one of your IP's to enjoy the lifestyle..... :P
  16. 7smurfs

    Melbourne Market - 10-15 km

    In my opinion, the market in the vicinity of Armadale/Prahran/Toorak has picked up significantly as I've rarely seen a passed in status in my weekly scouring of the sold data.
  17. 7smurfs

    July Melbourne meeting

    will try to make this one +1
  18. 7smurfs

    First investment, scared!

    lol! The ever familiar Rixster post to budding newbies in investment property :cool:
  19. 7smurfs

    Market value versus capital improved value

    Mine are also well below market value - and that's with a recent bank valuation to confirm the inconsistencies!
  20. 7smurfs

    Australia's 10 best paid jobs

    I think oversupply of pharm grads and the commercialisation via Chemist Warehouse etc might be the issue
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