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    Building with Metricon...Good or Bad?

    Had friend building with them. Guy with bobcat came to level block, the block he was given to level didn't match the block on the plans he had. They had sited house on wrong block. Resite the block it didn't fit with the shed that was there, (yes they knew about the shed). They did offer to...
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    Income Tax Withholding Variation query

    i do same as charttv and save the file, update each year. Estimates don't have to be perfect and it's always better to underestimate, so you can still get a tax refund at the end of the year. With a mix of fixed & variable interest rates on my loans, the interest rate rises always give me a bit...
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    House + Flat = excellent yield.

    dual tenants I have one of these. 50's house at front $185 and one bedroom self contained unit $110 at the back. Water can be separately metered, called an upstream down stream system, I haven't done it but spoke to the water board and didn't seem a problem. Shared driveway is the biggest...
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    Interest Rate at Peak - what do you think?

    steve mcknight's latest seminar video states his prediction of more interest rates rises to 9% allowing for the impact of the drought to take hold.
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    260 properties in 7 years by Steve

    pete he did wrap as well, it was a way to accelerate the process.
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    260 properties in 7 years by Steve

    steve is quite open on why he had so many properties. Originally he needed that many to replace his income to get out of his job as an accountant. so his target was positively geared properties, even if it was only $10/wk. Therefore he needed lots of them. Most were originally bought cheaply...
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    will Balarat house prices Tumble??

    As a resident I see no signs of prices tumbling, soon melbourne will be up to stage 4 water restrictions. Median prices continue to increase. Numerous estates being developed with consistent land sales.
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    'Mega-rich', what and why?

    In super guru Peter Lynch's book One Up on Wall St advises on getting the basics right. One of his 5 musts is own your own home then consider the equities markets.
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    Free DVD - Worth watching

    dvd fundamentals The DVD explains the fundamentals behind property investment:- power of leverage basis of buying property because of their security as an asset piggybacking on the equity analysis of median prices disadvantages of high rises shares vs property None of it is new but...
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    finding odd things when doing renos

    Checking the roof in the house we had just bought, found the old shingle roof from the 1870's over the front 2 rooms, ballarat's gold history shining through.
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    double rates

    Anyone else have this problem. 1 title: 3 b/r house + granny flat/unit at the back but 2 lots of water & council rates is it only my local council?
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    A few simple tips

    offers over the past 2 wks made 3 offers; written and not subject to finance, 10%less than advertised value. In each case agents not keen to negotiate. We keep trying, now have to wait till after christmas for more offers as we're off on hols.
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    Buy on the slide or the turn?

    API for June? had rental yields for last 5 yrs, that might help with rental reality figures.
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    Finding Deals with Property Managers

    I've often run a potential buys past my PM. Both of them have been very helpful. I have asked for them to let me know about properties on the market or potential market but on each occasion they haven't met my(our-wife included) buying criteria.
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    It's the 8th of December and Did You Do Enough In 2004???

    Always good to look back and label the successes and learn from the failures. Bought 2 IP's, building a new one, renovated a granny flat attached to one of the IP's found this forum, learned lots from forumites (even ventured a few posts) read both Peter Spann & Steve McKnight's new books...
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    Investing in regional vic - am I insane?

    Squash I agree with Geoff and Ace congratulations. Monday's local paper says Ballarat median prices have decreased so you picked a good time to buy. Now it depends on how soon you can rent it and at what price. Ballarat has performed well, as has other regional centres. We have 4 in town...
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    Would you buy land and a house plan?

    Carrum Downs and neighbouring suburbs do not have a particularly good reputation. That's why the area is cheaper than the suburbs up the road. But it is still near the beach and things might change given the proximity to the beach.
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    Are written offers better than verbal ones?

    Always used written offers stating:- price settlement time any conditions: finance, inspections etc Bought 2 houses from the same agent who is a friend, verbal offer and then dropped in written offer asap. Used written offers with 3 other agents on 4 different properties, only one other...
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    Unlucky numbers

    No. 4 in chinese is the word 'si' this word also means dead/death hence it being unlucky. Historically a lot of mission organisations bought up properties with the number 4 cos they were cheap.
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    land tax

    thanks for the comments. i have ip's in vic. my parents were lucky to buy near the beach in adelaide 20yrs ago.
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