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    Buying IP in 2014 - am I on the right track?

    I was thinking Zillmere due to the proximity to Chermside and the development going on there, not proximity to the city. Prices are 100K lower then Stafford, S Heights,, Chermside, and when you look at it on a map it's only a short distance away. Anyway, I have my areas selected for the first...
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    Buying IP in 2014 - am I on the right track?

    HI Gus Thanks for your feedback, good to know I am looking in the right areas and choosing decent properties. I am a Brisbane girl, but living in Perth. I feel much more secure buying in Brisbane given I know much more about the market, and have personally experienced CG with my first...
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    Buying IP in 2014 - am I on the right track?

    Thanks HD, I have a broker in Qld, just waiting for him to get back fro holidays, he's done well by us over the years.
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    Buying IP in 2014 - am I on the right track?

    Redwing, not sure how the super is doing now, it's one of those things we have to sit down on a child free day and work out a budget, look over insurance costs, mortgages, current assets .. One practical step, I have a REA coming this week to appraise potential sale value and rental value of...
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    Buying IP in 2014 - am I on the right track?

    Angel, I am itching to get started, but we have to wait until hubby is off probation at his new job, He's been there 3 months and he's already been given a payrise, when no-one else was, there's no way he's not going to make out his probation period, engineers in oil and gas are in short supply...
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    Buying IP in 2014 - am I on the right track?

    Yeah, I was surprised it went up, if I could cash it in I could treat myself to a nice holiday in a caravan park.
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    Buying IP in 2014 - am I on the right track?

    Definitely no K on the end of the $230 - it''s $230.00 - actually up from $200.00 over the past 15 years :) Just started looking at CGT and trying to get my head around it, thanks! Also realised on my $651 I hadn't added in PM or mortgage insurance ;(
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    Buying IP in 2014 - am I on the right track?

    Hi Jac I am the wife :) I have a whole $230 in superannuation - yeah, you're all going to be so jealous of me I know! Hubby has a good one that actually went up during the GFC and from memory is still showing a good return. SMSF is way out of my comprehension to understand right now...
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    Buying IP in 2014 - am I on the right track?

    That makes sense, but limits me to Perth as I have two small children and can't spend a week away from them. I certainly won't be taking a 3 year old and a 1 year old on property inspections with me! I could do Brisbane as we have family holidays there and my mum could look after them. I'm...
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    Buying IP in 2014 - am I on the right track?

    ie propertyunity who is a BA and finding deals every day of the week ??? This is doing my head in, I do need to do a lot more research, am not ready to buy for three more months, unless something stupendous (like a penthouse overlooking Bondi for $100K) trots up to me and slaps me in the...
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    Buying IP in 2014 - am I on the right track?

    YOu know, I just had to go Google CIP, that's how clueless I am. It's amazing i made a cent on my first property. I am just getting all confused now and I have to go see someone who knows what they are doing; the bottom line for us is - the goal - make money. Just number crunched a 2 bed...
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    Buying IP in 2014 - am I on the right track?

    Arana Hills and Ferny Grove are too far out for me, Asply too far north though I love Arana Hills, my friend lives there.
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    Buying IP in 2014 - am I on the right track?

    Thanks so much Rick, I actually understand most of what you are saying. I'll be giving this some further thought. Buying closer to new properties will give me flexibility as to where I buy, and I can buy more than one, even negative geared. Am just crunching some numbers right now and have...
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    Buying IP in 2014 - am I on the right track?

    HI Beanie Girl I have 5 out of those 7 on my saved list. The only 2 I don't like are on or close to main roads. I also spotted a few in Kedron, slightly higher in price, but it's doable. Aslong as I can lift, extend and build in under, I'm happy. Need to get onto council to see if I...
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    Buying IP in 2014 - am I on the right track?

    Jaguar, I totally agree, I'd say $450 is more realistic for that apartment. There is going to be a glut of inner-city apts, given the developments in East Perth and Elizabeth Quay. Add to that inner city councils are letting people chop up blocks into the most tiny sizes, the average 600sqm...
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    Buying IP in 2014 - am I on the right track?

    Perth property would be positively geared as mortgage is small and rents in this area are sky high. I call any new development with houses crammed on top of each other in an out of the way place a suicide estate because that's what I'd have to do if I ever found myslef living in one of...
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    Buying IP in 2014 - am I on the right track?

    Thanks for the links, I took a look it's too far out for me, and I'm really not familiar with the area. There is also not a lot of saving when you lift 3 metres or 3 inches, and there is cost in knocking out the bricks in some of those places and carting them away. It's a post war/ worker's...
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    Buying IP in 2014 - am I on the right track?

    Thanks Marg, I wasn't aware of that. In Perth there is no one central administration, there are groups of suburbs in local cities and all planning goes to the local city of your area, unlike Brisbane where you go to Brisbane City Council (unless you're in Redlands Shire or Pine Rivers Shire for...
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    Buying IP in 2014 - am I on the right track?

    Capital gains, to fund retirement eventually, as i don't think what we put away in superannuation now will give a decent income. We're 47 now, had our kids late in life, so just starting now. We have only 20 good years of work, neither of us want to retire early, quite the opposite.
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    Buying IP in 2014 - am I on the right track?

    You see, that's the problem, I am just starting out and have no idea other than I want to buy an investment property for long term capital gains. If it happened to be Southside Brisbane then there's a secondary reason to own property there, my parents, and the Perth house will be the investment...
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