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Same old problem I guess. But I'm trying to finance a new purchase that is a great opportunity for me. My broker Is finding that I'm failing the banks' serviceability (by a fair bit - although I can afford it). I would have thought that an equity lend or lo doc would be a simple option but...

This is in today's Age (10th Feb) http://www.theage.com.au/business/rates-to-fight-housing-booms-20100209-npqm.html The Governor of the Reserve Bank has now explicitly stated that the bank will use interest rates to try and limit asset bubbles and busts such as property booms. I'm not sure...

Hi folks, I hope this isn't considered spam! We've been working the last couple of months setting up a new business which we're hoping will keep us entertained over the next few years. In the same vein as other threads on the forum about members' businesses I'm happy to discuss any questions...

From todays The Age (Melbourne) http://www.theage.com.au/news/relationships/gen-y-living-the-high-life/2008/06/26/1214073410798.html

http://www.theage.com.au/news/national/renters-face-cbd-mission-impossible/2008/05/27/1211654031736.html Quote: Carly said: "It's frustrating. We want to walk to work, we want to live in Melbourne and experience it. We are a young couple, no kids and just want to be able to go to the bars and...

From The Age (Melbourne) this morning: Property correction risk in Australia 'high' The risk of a correction in Australian house prices is high by international standards, the International Monetary Fund (IMF) says. The IMF, which says Australian property is among the most overvalued in...

Hi there, Some family members are looking at buying property in Mornington. I don't know much about this area in terms of the rental market as I'm more focussed on the inner-city. Is there a good rental market there? It's a nice area and has a train line into the City. I would imagine...

Looking for advise as I don't know the system. I'll bulletpoint it to save time: - Neighbour next door is selling-up, house will be a knock-down and block will be developed. (we're looking at buying it ourselves but I don't think we can afford it :mad:) - There have been a few 'over...

I read this in The Age on Saturday: http://www.theage.com.au/news/business/follow-your-dreams-forget-the-debt/2007/11/09/1194329513908.html On one level it's about a tv ad for NAB which isn't obviously about a bank until the end of the ad. On another level it's basically the author telling...

I thought I'd post the details of my recent reno. The place is not rented yet but I'll post the details anyway. Background: Settled on property end of May. Property in good structural condition but un-renovated, still had the 50's kitchen and layout was very strange with and internal...

Anyone know where I can get cheap internal bi-fold doors? I'm looking for a bi-fold for the bathroom door, I just want a 2-piece bi-fold with glass in it. Doorway is a bit low - (1900 high) and about 800 wide. Bunnings didn't have any, and some door specialists I have seen are quoting $400...

Good Morning. I recently bought our second IP, we settle in about 6 weeks. We could rent the house as-is and probably get $350/wk, but the bathroom is basically non-existent and the kitchen is 'basic', I'm planning to renovate and return $420/wk. I've never done a reno before, it...

Hi there, Can anyone recommend a good plumber in Inner-Eastern Melbourne? I need a plumber to quote on some kitchen and bathroom reno work. Cheers

Hi there, I know there are some pommy investors here, or maybe aussie who are living in the UK... My parents are trying to sell a house on the south Kent coast. It's a 4 bedroom house on the hill overlooking the English Channel, in a small seaside town very close to trains and freeways to...

We bought our second IP on Friday, and I must say that I reckon it was easier than the first. :) It was from the same agency but a different agent as the first one. That's 2 IPs in 9 months. It's a 2 br house in inner-east melbourne. Prices have been going mental the last 6 weeks, so I made...

The past few weeks I've noticed a big jump in sale prices in inner-melbourne. Houses that I've been looking at that have been selling for a premium of 12-15% above what I would have expected just in the last few weeks. My question is this: Those of you who have been watching property...

I'm looking at an inner-melbourne IP, typical sort of thing but on a corner block. Does anyone know, are corner blocks generally seen as better or worse (in terms of holding their value)? i.e. in general, would a corner block sell for more, or less, than and equivalent non-corner block? In...

I know the issue of servicibility limits has been discussed many times. Here is a solution for my situation, I just wanted to see if many other did this and what the drawbacks were. My situation: Currently own one IP, very negatively geared, all assets (including shares) at LVR 56%...

Some may find this interesting. The woman in question has built a virtual property portfolio within the Second Life virtual world (a computer-generated virtual world where you can interact with others). The portfolio is valued in the local currency of the vitrual world, but this can be...

We settled on our first IP 11 days ago. The ad went on the internet a week before settlement and as I thought it was a nice property in inner Melbourne I was expecting to be swamped with applications. There were a couple of inquirys but we haven't found anyone yet. This week I have...