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Reason...?

Going rate seems to be $320-350 in the area for a 2br... I have a good friend who would like to purchase with me which would mean that we would be looking at something in the vicinity of $500-550k, however I know that this would increase complexity and while it spreads the risk between the...

I'm so glad I found this website... Thanks so much Aaron... What are your thoughts on the property I posted?

That makes sense... I've never understood why there is such a strong emphasis on negative gearing, especially when first entering the market. If you are buying a property which has a rental income that exceeds the Interest Repayments, isn't this a positive? It is better for cashflow, and at...

http://www.realestate.com.au/property-unit-vic-chelsea-108314191 Thanks PT_Bear - What are your thoughts on this property? I know that the closer you go to Bonbeach and Chelsea Heights, the further away you go from the station, quality beaches and quality neighbours (as these areas are...

It appears that capital gains tax is a lot more complex than I first thought. Even so, moving into it and living in it for the first year still looks to be the best move.

Yes, sorry I was referring to Capital Gains Tax. I may not understand the finer details of CGT, but my understanding is that the home needs to be your principle place of residence for at least 6 months to avoid any CGT. Correct me if I'm wrong...?

Thanks Aaron_C, I understand your point but wouldn't it be a better idea to capitalise on the weakness of the market by buying a larger block of land rather than an apartment closer to the city. Obviously the St Kilda home will rent out faster, but I am more trying to figure out whether my...

I am currently in the market for my first home with a budget of $350k My intention is to occupy it for the first 6-12 months to avoid capital gains, then consider my next step once the time has passed. I am tossing up between a few suburbs at the moment and it has become clear that certain...