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I agree, something highly negatively geared, regardless of growth would kill us financially. I have always like property either near the water, or near a city. As I am worried about the capital growth in Christies, I am also considering a Unit in Kedron north of brisbane? I dont think...

Thankyou everyone, food for thought. Still dont know the answer, but at least I have new ideas to toss around. Not sure how you do renovations from another State... will need to investigate this. Long term strategy is not just one or two properties, but for the next 2-3 years at least I...

On the ASX website you can join in a game, where you invest in the share market, but only in the game, and the "winner" who earns the most money can win $8000. Maybe she could play and see what she thinks of it?

Maybe you could introduce her to Shares instead?

I would also avoid. For all the reasons mentioned. They are good for the over 55s who want to buy into that lifestyle, but even for them, it is rarely a good investment. Deferred Management Fees and they also take a % of your capital gain.

Hi Jamie, are you finding the Valuations are stacking up ok there?

Thanks Brady. We are on modest wages and cant really afford this property to be heavily negatively geared, but I know that a good yield is probably going to be at the expense of good CG.

We are thinking of buying a 2nd IP with the remaining equity in our PPOR, and the purchase price limit will be $350,000. I realise that this will be the last property we can buy for awhile (no equity left) so I really want to make it count and be worthwhile. PPOR is in Hills area Sydney...

I struggled with this issue as well, and at the end of the day I had to buy something I would be happy to live in myself. I am a bit of a soft touch, and definately not hard nosed, so whenever I looked at places that were a bit "rough around the edges" I always felt sorry for whoever had to...

No...Klingner is a main road yes? I'm trying to remember the name...maybe OConnell? This was back in Nov 2014.

It was a two storey place in Redcliffe, one of the ones with an outdoor staircase leading up to the front door. the report said that the stair case was not "legal" and we would have had to completely remove it and replace In hindsight probably not that big a deal, but being interstate I...

Yes we did end up buying. We had an offer accepted on a 3 bedder in Redcliffe, but I was spooked by the Building report, so I pulled out. We ended up buying a 4 x 2 x 2 house in North Lakes for $396k. So far so good, tenanted for $400wk. Still nervous, but happy that we took the...

Can I ask a question...if I want to make an offer on a property, what actually happens? I was just speaking to an Agent up there and he said you need to complete a Contract to make an offer? Does this sound right? When I bought here in Sydney (admittedly a LONG time ago) we just...

Thanks Angel, we are flying up tonight, so will be looking Tuesday and Wednesday :)

Strongy, we are not high income earners, which is probably why I am concerned about vacancies so much. I am fortunate that I do have family in QLD, so I could have cheap accommodation whilst renovating if need be. We would love to buy another IP after the first, but I need to sort out the...

Karina, you have made my morning, thankyou :) My head is telling me to go for it, but I think fear is holding me back.

Yep, I understand the land appreciating and building depreciating, Accounting is my job :) But I am just so scared I am going to buy and its older and not "pretty" and its going to sit empty for weeks on end. I think, if it is empty, then you just drop the rent..yes? I love the idea of...

Thankyou all so much for your replies. I really do appreciate it, and it confirms my gut feel about North Lakes. I think I was more confident to buy there because it is newer, but newer does not always equate to better. I agree about the land shortage in Redcliffe area - has to be a good...

Hi Coota, Initially I wanted to invest in my own area (Hills area Sydney), but it is just way out of my league price wise. My thought process has been.. 1. Sydney probably already bolted 2. Hoping Brisbane will follow 3. New infrastructure up there, such as KippaRing train line...

Hello everyone, I am an extremely nervous first time investor from Sydney. I feel like I have over analysed for 18 months or more, to the point where I am very confused and do nothing. So I have my finance Pre-Approved and I am ready to take the plunge. If you had $450,000k to...