Hi again,

Not that bad at all, as you then have the option (and BENEFIT) of being able to NAME it as your PPOR, and that means you may be able to enjoy a CGT exemption upon sale…. (Lots of conditions, but quite feasible).

It’s all swings and roundabouts. Main thing is that you KNOW how these all work, or take steps to FIND OUT how they…[Read more]

Hi Macc,

Sounds like the gut is pretty happy now too !! Well done !! :)

Benny

Hi King,

And what a good question it is, King. You are obviously no stranger to the tenets we hold in this place, as you nicely presented the pros and cons of the situation. A good discussion around this area would help many, so let’s go……

The QLD First Home Owners Grant is being boosted to $20k after July 1st 2016. Now, the catch is that…

[Read more]

Hi King,

And what a good question it is, King. You are obviously no stranger to the tenets we hold in this place, as you nicely presented the pros and cons of the situation. A good discussion around this area would help many, so let’s go……

The QLD First Home Owners Grant is being boosted to $20k after July 1st 2016. Now, the catch is that…

[Read more]

Hi King,

And what a good question it is, King. You are obviously no stranger to the tenets we hold in this place, as you nicely presented the pros and cons of the situation. A good discussion around this area would help many, so let’s go……

The QLD First Home Owners Grant is being boosted to $20k after July 1st 2016. Now, the catch is that…

[Read more]

Hi King,
<quote=5027665>I have a lot of questions but I guess a good place to start would be this one.</quote>
And what a good question it is, King. You are obviously no stranger to the tenets we hold in this place, as you nicely presented the pros and cons of the situation. A good discussion around this area would help many, so let’s…[Read more]

I like the term “precrastinator” Pimobpi – nice one.

One of my favourite phrases is the old chestnut “If you think education is expensive, try ignorance!” I’m sure it was coined especially for precrastinators. :p

Also, can you please let me know what is an MB? How do I run my figures by an MB?

Sam, you have had a MB answer the question for…[Read more]

Hi Peyton,
Sorry, I must have missed this reply from you back in March. Your current post about Craigieburn tweaked my memory and had me look for this one…..

OK, with $500k possible, that is a good start. Logan is OK for $350k or so, but I am not sure you would get “newish” for that price. And if you did find something new around those…[Read more]

Hi Sam,
Good on you for taking a look, and for coming on here and asking questions. It is way smarter to do that than to go ahead and purchase something and then tell us what you did. Why? Simply because there are way better ways to “start out” than to buy a new one-bedder.

Before signing anything, DO do a few things :-
1. Run your…[Read more]

Hi Michael,
Please stop and think before giving too much information to someone who joins us only to spam. Not just one post, but 7 posts made in short order.

Be careful – not everything you get to read on here is above reproach (but it won’t be long before the other posts have gone). I am leaving this one here as a warning to others,…[Read more]

Hi Don,

I assume that there is nothing that can be done.!

Going by this earlier comment from Terry, it seems like there may well be something that can be done:-

Whether they should transfer title now or just wait it out will depend – there are advantages in both.
They should seek legal advice asap.

…but what should be done might only f…[Read more]

Awesome, Bon – what a smart move !!

Hi Bon and others,

Where a company is selling H/L in “greenfields estates” (i.e. fresh subdivisions in land away from existing suburbia – e.g. Pimpama) it is highly unlikely that there will be much Capital Growth in the first few years. This is because they usually sell H/Ls for as much as they can get (and also the reason why a rental…[Read more]

Hi Shane,

Also: what do you look for in a good property tax accountant? How do I know I am getting the best advice?

Ask them if they own investment properties themselves. If they don’t, you need to keep looking. Hopefully they would have at least a small portfolio of IPs.

Based on that fact, you can be SURE they will know all that is needed…[Read more]

Hi FXD,
I deliberately didn’t respond to this when first posted, as I have nowhere near enough knowledge, nor enough information from you, to make any kind of valid suggestion.

What I WOULD suggest is that you put this question to a Mortgage Broker or similar Financial Adviser who can look in depth at your situation, then discuss what…[Read more]

Hi Peter,
Good on you for putting your question “out there”. This one slipped by, and I have only now seen it…. whoops!!

Re selling up one that was returning 12% – wow, that one could have helped to fund another growth property. See, some properties provide Income (positive geared) while others provide Growth (often negative geared). By…[Read more]

Hi Nan,
Wadez words above struck a chord with me – the words “Be patient” are easy to say, but I wont say them to you….

What I do want to say is that I heard Steve teaching recently that the property goes in cycles, and that cycle includes a flat price period that can make up the biggest part of the cycle (70% is common). Now, when that…[Read more]

Hi Adam,
Sounds like you are off to a great start. Certainly, considering the purchase of property as an investment is worth some time and thought, for sure.

So I’m not thinking of buying a house to live in (unless it is a good idea with financial advantages and gets me closer to my goal)

Buying your own home can provide some benefits, b…[Read more]

Hi Mullsey,
Welcome to propertyinvesting.com – I hope you find your answers somewhere in here. First there are many useful Articles that give a new investor a bit of a leg-up. Look for the “Training Centre” on the home page. Other than that, go trawling and look for forum topics where the title sounds like it might appeal.

It is a good…[Read more]

Hi Nan,
I can sense frustration, so I would love to be able to help…. but I am struggling with this from you:-

But at current market, there is no way to buy property under market price and in the opposite way, we have to buy them over the market price.

I am trying to understand just what you might be seeing that has you saying this. Can you…[Read more]