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    IP - weekly cost

    Hi all, We are starting the process of converting our PPOR to an IP after many months of deliberation. Doing the sums myself it looks as though it is a smart financial decision, but if anyone can sanity check my numbers it would be much appreciated. Estimated rent per week: $450 Loan...
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    Adelaide Experts?

    Hi all, I'd like to hear from anyone who has purchased or knows about the housing belt from Parafield Gardens through to the Salisbury's. I've looked at a few properties in these areas with developlent potential, but not sure if they're ($280K+) overpriced. Parafield Gardens in particular...
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    Port Pirie

    Hi All, I'm wondering if anyone here has any local knowledge of the Port Pirie area? We have our eyes on a few properties there, but unsure if there is much difference between PP south, solomon town, risdon park, PP west. We'll be driving up for a look this weekend but any...
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    Putting an offer on property with HIA order?

    Hey all - Happy Easter! If anyone has any comments on buying a property with salt / rising damp it would be much appreciated. Cheers
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    Putting an offer on property with HIA order?

    Hi all, I am currently looking at an older property with a HIA order on it for two patches of salt damp. The REA has said it is being treated and the certificate of this will be supplied with the home. Is there anything i need to specify within the offer to the REA to deal with this? And...
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    Help with CG on subdivision?

    Just a quick question - how is CG calculated on the following scenario: Purchase block of land for $750,000, subdivide and build PPOR on one block, sell the other for around $450,000/? Does the CG calc differ if you buy a house, demolish it and then do the above? Thanks in advance!
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    How to make a profit from subdivision these days!

    Thanks Steve - I'm wondering about Mawson Lakes as that is where we hold our PPOR. We were thinking of selling to relieve our cashflow situation for other properties, but I have a feeling CG will be good here in the next few years so now looking at renting it out instead.
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    How to make a profit from subdivision these days!

    I agree with your point Steve - I can see the merit on buying to hold. I definately don't have experience or b*lls of steel so I don't think I can justify taking the risk in the "hotspots" of the Adelaide market! Where are you looking at/buying in Steve? I know you have a good idea of the...
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    How to make a profit from subdivision these days!

    Hi All, I hope this is not a stupid question - but how is it that people are making money from subdivision these days? I've been doing some due dilligance on development opportunities around Adelaide (where large blocks are selling like hotcakes) and the figures just don't seem to add up to...
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    Ipswich or Adelaide for 1st IP?

    Hi all, Thanks for your replies, it certainly helps to have people with experience giving me feedback. I do feel more comfortable buying our first purchase in an area that I am familiar with, and with a house that I can look at, so Adelaide it is for IP #1. To Rob - I have looked into inner...
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    Ipswich or Adelaide for 1st IP?

    Hi all, we are currently searching for our first IP ( to buy and hold). We live in Adelaide so have been looking here to start with as we know the area quite well. Ideally we would like a place with potential to subdivide in the future, within 10-12km from the cbd for around $300K - $330K...
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    To develop or not?

    Hi All, I have been a reader of this forum for 6 months or so but my first post today! My partner and I are in the position to now buy our first IP (looking in Adelaide), and been considering buying a block to subdivide and build two homes. We have experience with building homes so I am...
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