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Folks, need some advice on this area for investment purposes. Goods: Newer, modern homes Family friendly Good yield Bads: 10km out of town Under flight paths from Ballarat Airport Bushfire prone area Really nice homes in there and from all reports there's not a lot of crime type...

Considering buying off the plan unit in Mt Druitt 2 bed, 1 bath, 1 car space for $329900. In the Mount Druitt village side. Is this a good buy?

Can a developer increase prices for an off the plan property project mid project prior to settlement citing the reason that they could not obtain finance (nearly 2 years after the contract was signed)?

About 5-6 years ago there was a lot of optimism shown in the growth potential of the Moreton Bay growth corridor particularly Burpengary. The latest figures though show a dramatic fall in property prices particularly units which are down 15% in value over the last 12 months. Some townhouses are...

Freedom of speech. It's an important part of this forum. I find it difficult to comprehend then that no less than 13 posts have been deleted from a recent thread I started and then the thread has been closed. I didn't write the posts by the way. The posts related to someones past and on the face...

Michael Yardney has retorted Bernard Salt declaring buying in the western suburbs of Melbourne is a bad idea. Specifically he is disagreeing with Salt's assessment of Meldon and Wyndham as good areas to invest due to affordability. Whilst I agree that inner ring suburbs provide the greatest...

Seeking advise from the very knowledgeable Forum users. We have moved from Brisbane to Cairns for work purposes for minimum 3 yrs. We are currently renting but are wondering whether we should: 1) Buy a property (preferably a house) & rent it out for 6 months as we are on a lease until July 11...

Acknowledging that there are markets within markets what are peoples thoughts about which is the best capital city in Australia to invest in at the moment?

With many states experiencing cyclical upturns spruikers are returning in the truckload. I agree with those citing the gross amounts of money e.g. $5k to attend seminars run by people who say they could retire tomorrow. They also claim that due to their success they have an obligation to...

My opinion is that investors should be looking at Western Sydney for fantastic opportunities. Why? Sydney is coming out of a downturn Vacancy rates are negligible Land supply is minimal Rents are going up New infrastructure has been or is getting built Immigration, over a third of new...

I am firm believer in counter cyclical buying and it seems to me that Sydney presents are very good opportunity at the moment especially in the less attractive western suburbs such as Mount Druitt and Penrith. Vacancy rates are almost nil which will mean good rental yield, the best we've seen in...

We have $23k redraw on one of our properties and I'm looking for advice as to the best place to use it in the current environment? Put it towards an IP purchase? Add it to our managed fund for which we have $20k plus 50% margin loan Or something else? Our combined incomes are about $103k...

Can anyone please recommend someone/a business who does cosmetic bathroom renos in Bundaberg? Not looking to do much structurally except maybe replace the vanity so may not need a builder as such. But desperate to find a reputable contractor who does a good job at a fair price. Can anyone...

One of my IPs is a federation house that has an old garage at the back that has been converted by the previous owners into a workshop/ art studio (The house is a 2 bed + study that has a carport). This building is not connected to the house but only 1 metre separates them. It would be a big job...

Forumites, I was wondering if anyone could assist me in trying to decide who would be a better financial advisor: Whittaker MacNaught or Navra Financial Services? We have 4 IPs so Navra may suit us in that regard however their planners in Qld seem inexperienced in general matters of financial...

Desperately seeking advice: Myself, my wife & my mother in law have equal shares in an investment property in Bundaberg. The house settled in Sept 04 but has been a problem re maintenance from the start. I would like to sell, perhaps mine & my wife's share to my mother in law or another party...

I am intending to move back into one of my IPs which was originally purchased as a PPOR in 2002. Currently I have 2 loans on this property, both IO, one (most of the loan) being 5r fixed the other being variable the lender being Members Equity. In requesting I convert my loan from IO to P&I they...

Put simply I need advice as to the best way to finance the next IP. Our situation is as follows: IP 1 : Value = $195k Loan = $125k Rent = $160p/w IP 2 Value = $260k Loan = $171k Rent =$240p/w IP 3 Value= $200k Loan = $174k Rent = $200p/w All loans are IO except IP1 which has...

I have 2 IPs (loan 1 = $56K owing + $27k LOC; loan 2 =$171k ) both on IO fixed rates although the LOC is on a variable rate. My question is that instead of having say e.g. $10k sitting in a savings acc. earning say 4.5% I was told to put this money into a mortgage offsett acc for one or both of...

I have recently invested in the Nerang area of the Gold Coast. It was an off the plan purchase & the property is about 3 weeks from settlement. Having spoken to the local agents & others the consensus is that the property being a 3 bed townhouse has already made $30 000. The influx of people...