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Thanks for sharing that encarta. thats not a bad piece of real estate right there! my broker has come back with a $300k pre approval so I do need to stay below this price range.

Hi Everyone! Well it's been nearly 12 months since last purchase so I just wanted to update the details of the portfolio; Chevron Island 2 bed unit - purchase $185k - cmv $240k Newtown 2 bed house - purchase $207k - cmv $240k Rockville 3 bed house - purchase $215k - cmv $230k Given my...

Thank Wombat. Any other ideas??

Hey Everyone, As the title suggests, I'm looking for ways to increase air flow and ventilation in one of my IP's. It's a highset house with hardplex? Walls which apparently don't bresth as well as other materials. This is causing constant mould issues and I'm keen to get the problem...

I would consider your strategy as aggressive and believe you need to stress test it for lower cg returns. Keep us posted on your progress.

I am heading to Toowoomba in a couple weeks.. Does anybody know specifically which areas the units are being constructed in? Would like to go and check them out and talk to nearby agents. Cheers Cash Flows

plenty of units to come on soon. new house and land packages are generally on small parcels of land which is an untested and new market to toowoomba.

well done nixba, love your strategy!

Gold Coast and Adelaide are both viable options. Gold Coast is currently in recovery mode and vacancy rates are approx 1% at the moment. Look for existing houses in land locked areas from Burleigh to Broadbeach. Also, consider a 90% lend and 'keep some powder dry' as a buffer or next...

There is plenty of land for development around the area. This could stall price growth. Have you looked at existing stock? Or are you set on H and L package? FYI - Vacancy rate on the GC is the lowest I have seen in years and this will ensure price and rental growth is fairly stable over...

Bold, but just had a similar situation at work and clarified with the ATO. Personally held property which was sold less than 12 months from settlement but date of contract was over 12 months.

It is when the contract is signed. Cheers Cash Flows

In relation to IO, most banks offer a 10 year period. Once this is over, you will need to refinance the property.

I like to keep $10,000 buffers for each property (low priced properties under 300k). This basically covers 6 months payments for interest and maintenance costs.

McGrath Property Management team is great and I highly recommend them. Fees are on the high side at about 8% if you have 1 IP but you get what you pay for. Happy to answer any questions RE McGrath, been using them for over 2 years now. Cheers Cash Flows

I would stay clear of pimpama and Ipswich for reasons stated above. Logan - Woodridge is a good option, however, prices have had a good run in recent times. Do your due diligence as rates, water and body corp fees are quite high in the area. Toowoomba has also had a good run. Recent supply...

Fixed it up

Hi JT 87 Congrats on your achievements far. What sort of rent are you achieving for your two IP's? Best thing to do would be to work backwards and work out how many properties you need unencumbered to generate $100k income pa. RE your CF v CG debate, I would consider a combination...

The loan is with ANZ - Breakfree package

Thanks Rolf, I bought the IP for $207k should get $240k plus for it. ($190k loan) Now looking to get PPOR for $300k with 20% down payment. Any other issues,roadblocks i need to be aware of? Cheers Cash Flows