Cool. So two self-contained units – one up, one down. Depending just where in Sunnybank you are, there may well be a need for doctors and nursing staff to rent nearby to the QE2 Hospital. Have you approached them to see how they are situated re “temporary accommodation”? Maybe QE2 might like to buy it – or, at least, they might show an…[Read more]

Hi PBP,
Sounds good, but a bit of clarification please…

I feel the property would appeal more to a buyer of rooming houses (rooms upstairs and downstairs with own kitchen and bathroom).

Does each ROOM have these, or does each area (upstairs and downstairs) have separate kitchen and bathroom? If the former is true, this sounds like it is…[Read more]

Hi Anae,
After a bit of thought, I think this needs a heap more info before one could answer sensibly – here’s why…. First let’s put some numbers around this scenario – these are a guess, and maybe nowhere near your own numbers:-

Example: You have a house worth $500k, with a mortgage of $400k, and Rental Income of $500/week ($26k pa).…[Read more]

Hi PG,
$160k sounds low to me for a townhouse. What’s its condition, ‘cos a quick look at Woodridge’s median values over 5 years tell me it should be fetching more today. Add to that, Bne’s prices have languished these last few years while Mel and Syd screamed up. Bne missed out – is it yet to run up a bit as everyone gets priced out of Mel…[Read more]

Hi Runnyman,
One issue that caught me some years ago (going 50:50 with another person) had my Bank “deeming” that each of us was to receive HALF of any rent, and yet each one of us was “jointly and separately liable for the WHOLE loan amount”. Killed it when going for further finance….

I suspect your situation may have at least that one…[Read more]

Hi Cal,
There’s quite a bit to it – I suggest you get in front of a qualified adviser before going ahead with this. In a nutshell, there might be better ways…..

I’ve estimated that expenses relating to the investment are roughly $15K annually (inc. loan interest payments). Does this mean that $15K is taken off my tax bill?

The short a…[Read more]

Hi Cal,
There’s quite a bit to it – I suggest you get in front of a qualified adviser before going ahead with this. In a nutshell, there might be better ways…..

I’ve estimated that expenses relating to the investment are roughly $15K annually (inc. loan interest payments). Does this mean that $15K is taken off my tax bill?

The short a…[Read more]

Hi bb,
>>> “I will have tip in about $50k for the refinance to occur. I do have the cash to do this and it would bring it back to cashflow neutral on a P&I basis (Never again will I use an interest only loan) but will tie this cash up until I sell.”

One other option would be to put the $50k you have available in an Offset account against that…[Read more]

Hi bb,
>>> “I will have tip in about $50k for the refinance to occur. I do have the cash to do this and it would bring it back to cashflow neutral on a P&I basis (Never again will I use an interest only loan) but will tie this cash up until I sell.”

One other option would be to put the $50k you have available in an Offset account against that…[Read more]

Hi bb,
One thought would be to put the $50k you have available in an Offset account against that mortgage. You’ve said that paying down that amount would bring the P&I cost back to “neutral” so the Offset would work similarly. (i.e. you would be paying Interest on $50k less than the amount actually owed).

The advantage of that (as against…[Read more]

Hi Henry,

Hi I saw your post that you want someone to take over the course that you are currently learning, I would like to do that, but before I do I would like to know what is the price of this course, also when does it start. thank you I await you reply.

You seem to be referring to Jack19’s post. Let me help there – Jack had requested anyone…[Read more]

Hi Natalia,
It is an interesting document and could be of use to some on here. For mine, I found some of the indicators straight out confusing. Maybe you are using “urban planner” words that mean little to Joe Public?

The Hazards group is where I found the most confusion – one example is “Attenuation” – just what does that mean? Then…[Read more]

Hi Flynn,

i cant seem to find your STEPS program. is it a course that i can purchase or is it just a forum? if you could please send me the link that would be great!

I am hoping this might help:-

https://www.propertyinvesting.com/topic/5055124-investment-detective-replacement-software/#post-5055133

Benny

Hi mkl,
Steve’s new offering in that space is a vastly improved and super comprehensive product – STEPS. If you are interested in taking a look at this, go here:-
http://propertyinvesting.com/course

Or for any other Product questions, call the office on 03 85920270,
Benny

Hi Traca,
Before going with this group (they may be OK or they may not be – I don’t know them) do use the checklist in the following link to appraise their operation.

https://www.propertyinvesting.com/topic/5023872-property-investment-firms-advice-needed-please/#post-5023875

The post linked above goes into depth re “How you can tell if…[Read more]

Hi MKB,
Terryw had gone into quite some depth on this CGT subject previously – check out my post here:-
https://www.propertyinvesting.com/topic/4410491-the-big-picture-for-new-readers-especially/page/2/#post-5006553

Read on down and follow each link – especially the last two (in the PS area) where Terryw expands on the whole subject and…[Read more]

Hi MKB,
Terryw had gone into quite some depth on this – check out my post here:-
https://www.propertyinvesting.com/topic/4410491-the-big-picture-for-new-readers-especially/page/2/#post-5006553

Read on down and follow each link – especially the last two (in the PS area) where Terryw expands on the whole subject and provides a huge chunk of…[Read more]

Hi Chamb00,
You said:

Another confusing issue I have is to buy my first home/apartment or an investment property first.

That is a good question. It is not one any of us can answer for you, however we can “point the way” for you to arrive at your own conclusions. Tom already mentioned that answers depend on where you are now, and where you want…[Read more]

Hi Elysium,
Glad to hear you have found someone. Re approx cost, that is difficult to say for several reasons.

I imagine there is some kind of hourly rate, but I haven’t heard what today’s numbers might be. And then it would surely also depend on the complexity of your set-up. e.g. how many properties you have, are each in separate Trusts…[Read more]