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It looks like they let the apprentice do the fit-out and they didn't know where to put the outlets!! It looks like a lot of blank plates to cover up holes!!

The current rate with a NAB DHOAS loan in 4.63% after the last interest rate drop. You will have to live in the place for 12 months to qualify for both HPAS and DHOAS. Depending on how many years and trips you have done the level of DHOAS changes. I'm about to tick over to tier 3, which means...

Hey Julie, I would not recommend Sid Greenwood as they have new management who are hopeless. I was with them and sacked them to self manage. I have a mate who is using Marilyn Leyland from Explore Property and is very happy with her. I've also heard that Ross Realestate are good, but...

Thanks Wylie, I'll get onto that.

Hey all, What requirements are there in QLD for smoke alarm servicing? Is changing the batteries enough? Or do I need to pay someone to check them for insurance and RTA compliance?

Thanks to the OP, this is a very useful resource. Following...

I don't think I have to wait 25 years. I'm just saying that I have that amount of time if I need it. I'm aiming to be done well before that time.

I'm sure that would interest everyone, myself included. Do you have a silver bullet Leo?!

I've got over 25 years before I can access my super, so I've got plenty more years of working ahead of me!! Based on the last 40 years of data, property will double every 10 years or so, so I've got plenty of time to acquire enough to retire comfortably.

I appreciate that Leo. The OP was asking for suggestions, so I was just giving one. Without anymore information it's hard to see what would work best for the OP.

Thanks Dave.

That's why you buy new properties in good areas and you don't have these issues. Also, dependent on your income the depreciation will pretty much bring a property to neutrally or positively geared. Make sure the property pays for it self and then it's just a matter of waiting for capital...

I attended a free day seminar with these guys on the weekend. The information was good and inline with my previous education. Just wondering if anyone has had any dealings with them and what their thoughts are?

I'd split it into two $40K deposits and $10K lots for costs and buy two places with an LVR of 90% which makes about a $400K place. Then in 10 years or so when your values double, you can sell the IP if you wish and pay out your PPOR mortgage.

Thanks for the link Perthguy, that's got me sorted. By the looks of it, if it is their PPOR from when they buy it until they sell it six months later then the sale is CGT exempt.

What I was talking about was that you need to live in a place for 12 months to qualify for all the grants, so that is where I got the 12 months from for the PPOR status.

Thanks Sez. I'm going around tonight to sign the new lease, so I'll have a look inside. I drive past it on my way home everyday, so I know the front yard is gtg!!

No I can't Terry. I'd have to do some research on the topic. I was basing it on the rules to qualify for grants and the like. I'll leave that to the professionals to discuss. I'm happy that I only got a small amount of bold!

I'm far from an expert, but here is my two cents. 1. You have to live in the fixer upper for 12 months for it to become your PPOR. 2. Once your PPOR gets rented out then the interest you are paying on the mortgage of that property is tax deductible. 3. If the fixer upper becomes your PPOR...

Thanks for that Scott, makes sense. Happy with that, less work from my end!!