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Hi all, I've traditionally been very bullish with my property growth expectations. We've just finished a dual occupancy development and in the process of refinancing so that we've got equity to re-invest again, and I've been doing a lot of thinking. I'm not sure that I'm convinced that...

Hi all, I got a bit of a strategy which I want to run by you all. In about 3 years, we're thinkinig of harvesting a fair proportion of equity from all of our 3 of our IP's to substantially pay down the loan on our fourth IP, before we move into it to turn it into our PPOR. Now, I know...

Hi All, Well, I thought I'd share an interesting landlord story with you all, my tenant was removed last night from one of our IPs by the police in a seige where the tenant pulled out a machete!! http://www.smh.com.au/news/national/home-siege-with-machete/2008/07/24/1216492578089.html...

There are a number of factors which will influence the growth of the Sydney market, and they are all inter-related: 1. The supply vs demand inequality 2. Access to credit 3. Sentiment (the old fear vs greed equation) 4. The cost of renting vs the cost of buying Once these factors come...

Hi all, With the dual occ we are currently building, I know that we have to keep it as an IP for at least 5 years before selling if we want to get away with not paying GST. However, if we move into it for like 3 months (prior to reaching the 5 years) and sell it, claiming it as PPOR to...

I've heard somewhere that the maximum that a professional couple ($150K-$200K combined income) could potentially borrow on full doc loans would be about $2.5M, no matter even if the properties were positively geared. i.e. that's the maximum exposure the banks would give you. Is there a limit...

My wife and I are attempting to quickly build a 3M portfolio in Sydney, and wait until it doubles, and then 'retire' with LOE. The idea is we will have a portfolio of about 6M, and an LVR of about 42-45%, and we can then start LOE. After that we'd like to just do small developments for fun and...

Does anyone have a rough idea of a cost per square metre for a stencilled driveway in the southern Sydney area?

Hi all, Has anyone here used Hotondo builders before? We're contemplating using them for our dual occupancy development and wanted to see if anyone had an opinion about them. It's proving to be a little difficult to get a decent quote at the moment (I know how much it should cost based on...

Hi all, Just wondering if those using living off equity (Rixter) have found the recent reduction in LVRs for no-docs making things diffificult? What's the best LVR available now for no-docs? 60% I would imagine if you were relying on this and up to say 58% one might be getting very...

Quick question regarding development finance. My wife and I are currently doing a dual occupancy development based on standard residential lending. We intend to do two more after this, moving into lo-doc territory. We will retain all of these as investment properties. However, after that...

So, the wife and I were originally going to go for a pure LOE strategy, but we've decided that we will start out doing this and then after sufficient capital growth has been achieved, will sell off half the portfolio to own the other half outright and live off the rents. Then we realised that...

So, the wife and I were originally going to go for a pure LOE strategy, but we've decided that we will start out doing this and then after sufficient capital growth has been achieved, will sell off half the portfolio to own the other half outright and live off the rents. Then we realised that...

Hi all, I bought a place with the FHBG in 2004 and lived in it for 6 months, so I still have the CGT exemption for PPOR if I sell it within 6 years. The question is, if I build a new house on it and then sell it once it's completed, can I still claim the PPOR CGT exemption? i.e. whatever...

I have been lurking around these pages since mid-last year, but thought that I might finally add our own story to the forum. My wife and I married last October and have spent the last 3 years saving enough to get into our first development site. I brought one existing humble IP in the Blue...

Can anyone recommend a good property solicitor in Sydney? I don't want to get into the conveyancer vs. solicitor argument, I have aleady decided that we want a solicitor who is skilled in special conditions in contracts etc. Any recommendations would be greatly appreciated! Regards Land

I thought I might start a thread to see where others think Sydney is in the property cycle and thoughts on when a genuine upturn might begin and how long it might last for before we hit another boom. Of course, this is all just speculation, but before the interest rate rise we just had, I was...