Search results

Thanks Rixter. I'll be ordering the book shortly.

Hi Rixter, Any tips on narrowing down on strategies? How would one work through and come to discover the best strategy to reaching their goal? I'm happy to read through any links/threads but I haven't come across much (maybe I'm looking for the wrong thing in the wrong places?). I think...

Wombat, would you care to disclose who your BA was?

Jerrybee, do you just use realestate.com.au or some other site? There's no functionality on RE.com.au (that I'm aware of) that lists new/changed listings and so I end up going through the same houses I'd look at before.

lol untapped is probably not the right word. But houses in Sydney are 20-30% more expensive than Melbourne.

Hi, I'm curious to know why do most people feel that Melbourne has reached its peak? It seems like the general consensus is that Melbourne's at the 12 o'clock mark on the property clock. Is it cause it's experienced a recent growth? From the statistics I've gathered at a macro level...

Hi I'm looking for data on rental vacancies for houses vs apartments by suburb. Does anyone have any good links for this source of information? Thanks

Thanks for all the responses! You've all given me something to think about and take home! I like the advice given by jerrybee and others about taking into account various different opinions but then sticking by with your own decision after a certain point in the process!

Thanks for all the replies! There were a few things that got me thinking: * Are there any guidelines on some of the DD I should conduct if I was to buy interstate? The things that come to mind are: doing my research in the suburbs I'd want to buy, finding a good buyer's agent to help me with...

I'd like some opinions on whether I should buy my first IP in Sydney or Queensland. My aim is to hear out different reasonings for why I should do one or the other that I may not have considered. I would be buying now with an aim of benefitting from the investment in 30 years time (either...

Hi Wombat, where are these meetings detailed and publicized?

Thanks Terry + Jess. So our broker is knowledgeable but doesn't appear to agree with using property as a wealth building asset. He also sees LMI as a major cost and strongly encourages meeting the 20% deposit as not to incur the LMI costs. My wife and I have also recently started new jobs so...

Sorry Terry, what does that mean?

It very well might be! They've paid off most of their mortgage but my father in law wants to move to a more lively suburb that seems to have an average house price of 2.5m. If they can't borrow the money the idea is for them to put down the deposit while we take out the loan. It's just a thought...

Thanks for the replies all! I'll definitely try and ask about building a portfolio and see if the broker's suggestions are sound. An area that my wife and I just talked about was building the wealth of not only our assets but that of our parents. My parents do not have any property or...

I'll be meeting up with a broker tomorrow that a friend has referred. I wanted to get an understanding of what is means to properly setup the financing structure for the long term. I've read on different threads that if you screw up your structure with your first purchase it can limit your...

Hi monalisa, If we were to buy a PPOR it'd be within a 30ish minute drive from the city with easy access to public transport to commute to the CBD. The general consensus seems to be that Sydney is at the peak of the cycle and so I feel that the wiser investment would be Brisbane than Sydney...

Thanks all. Based on the answers I may bypass a guarantor home loan and go for a normal mortgage using our savings. It seems like the real benefit of a guarantor home loan would be reaped if we didn't have much savings to start off.

Thanks for all the replies! I have thought about buying a PPOR first with the option of renting it out later on. The biggest hurdle is finding something affordable yet meets our criteria for living in. For the moment I am leaning towards a small IP (maybe in Brisbane) to get my feet wet...

Hello Somersoft! Let me introduce myself. I am a 30 year old Australia who worked in the US for the past 2 years and have recently relocated back. My wife and I are currently living with parents for the time being but looking to purchase either an IP or a PPOR in ~6 months. We have about...