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Hi Sash, Do you think the rate cut was good or bad news? I think its bad news as there will likely be stronger demand for property as it costs less to service - so I may have more competition when trying to find my next deal!

I'll take one too!

Ok thanks. I'm just new to this game so will make mistakes. I would only be building one house though - and would be keeping and renting one (as there would be no need to knock it down in the first place.) So more or less (without the blowouts) I would have no holding costs (as the rent...

Since in the example above I am buying a house with land - the land would cost $0 to hold (since the initial purchase would be neutrally geared). And since it costs 100k for houses to be built from the ad I put up, it should cost the same amount for this one too (assuming there are no cost...

Would it be cheaper to buy the land and then engage in a builder. Or buy the cheapest house with around 600sqm (so sub-dividable - around 150k after negotiation) and then build another house? http://www.realestate.com.au/property-house-sa-elizabeth+north-107889951 That's 175k - do you...

Good to know. If you have a contract in place for a set price, how can the developers charge you more?

Hi Sash, Would you not rather pay around 150k for a second hand product on a larger block of land (so for further development)? Yields would be a little lower but given you could build another house on the block it may be a better option. I have seen some H&L's around Playford for 175kish

Hi Sash, Thanks for sharing. With regards to saying you could buy in SA for 210-220 brand new and it will be worth 260ish - is this OTP? Or are they a couple of years old and you are just getting them cheap? If it is OTP, how can you be so sure of the increase in value?