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Hey guys, Just wondering what you guys think in terms of buying houses near powerlines? If a house is say 1 street away from large power lines (not just street power lines) but they are not visible directly from the house, will that impact on the values and capital growth of the home? The home...

Hey guys, Given that with tools such a pricefinder and RP data all the past sale and attribute information is available for entire suburbs, how can one use this data to determine the market value of potential purchases? For a lot of areas there seems to be an inconsistency or seeming lack of...

The property is in Western Sydney and does not meet the 10 day approval process but I've phoned the council and they stated that submitting a request should do the trick. Thanks

I just don't understand how these people can gloat to me about the fact that they bought a substandard OTP property in Burwood NSW (the really ugly one next to the train station) and say that it has increased by 200k in 2 years and now they are skimming the equity to buy more. This really is a...

Hello all, Given the current boom we are seeing in house prices all over the country, it is no surprise that Chinese investors are jumping into the market by the bucketload. Many of these Chinese investors are choosing to invest in large complexes of OTP apartments in growing areas, including...

Hey guys, Just wondering if anyone has a general checklist of things to consider when looking at houses to buy to build a granny flat in. Currently I have: - Wide frontage (more than 12m) - Land Size (450m2 or more) - Easements (not sure what is required in terms of this) - Sewerage...

My theory is that for many of the Chinese investors who are cashed up, they are simply using Australian properties (specifically high rise units and/or million dollar mansions) as "parking spaces" for money where they can dump large quantities of cash into a relatively safe environment...

Appreciate the honesty, was hard for me to hear but learned to tread more carefully. The last thing you want to do is to go in to it blindfolded. Yeah, my hand is forced by the sounds of it. Might just generate a list of suburbs within 5-10km of the CBD and start from there. Properties with...

I wasn't gonna go out there and buy 3 negatively geared properties. Just was going to do 1 inner west originally and then have all the other positively geared ones to support it as at the moment, I am $10 per week positive on an existing property. Anyway, over these last few days I've decided...

Back to the drawing board then

How long do you guys reckon this current boom in Sydney will last for? Would you guys say that the Sydney market is off limits now and buy exclusively in Brisbane ?

OK, so to really nail this down then. My after tax income is about 1000 per week. So realistically, I can service about $200 negative in my whole portfolio per week. Ideally, I would like to first achieve $50K/pa passive 'money' (not income as I'm counting equity gained) and then eventually...

Thanks for the replies sesster. I know it must be quite frustrating talking to me. What I gathered from reading their books is that they believe both cashflow and strong capital gain (7% long term growth) is possible. I definitely believe this is true but in my opinion requires the universe to...

I've been to Kinokunyia and read through most of the books they have on sale (Lomas, Spann, Do, Yardney etc), but from speaking to you guys it seems like I have still mountains to learn. I feel like gumtree is a good adhoc site to use when renting out rooms. You definitely get a higher yield...

Has anyone gotten their magazines from this subscription yet? It has been more than a month and I'm starting to get worried.

I rejigged my cashflow and numbers calculator spreadsheet last night, but the following shows my calculations for the cashflow of the Balmain property (given that the other two have already sold). It shows a roughly $200 per week loss before negative gearing. The management rate I've researched...

Yes I'm worried about the servicing as well, if they are costing $250/per week ($180 per week) then what happens when the rate goes up to 8% then these loans will go up to $550 per week loss (before negative gearing) assuming no increase in rent in that time. What I'm wondering at the moment is...

I don't think I understand what it means to have a strategy. I just want something that is quality and that will have strong long term growth and strong medium term growth so that I can refinance quickly and buy more properties. I feel that inner city will increase in the good times and won't...

Some good feedback guys, appreciate it. Just to clarify on my situation at the moment, yes I am on a lower income. I only earn $50K net per year so I can only save about $35-40K per year, but I am living at home and try to minimise my expenses and try to make the most of what little I have. My...

Hey everyone, thanks for the replies. The calculations of cash flow I listed in my first post do not account for negative gearing which I assume will be 30% for me as I am in the 30% tax bracket. If I go through with the buy, I'm hoping that this will help me to service it a lot. For example...