Capital Gains Tax (CGT) is a complicated beast !!

There are some “well-known” good bits (e.g. your PPOR remains CGT exempt for up to 6 years after you move out of it – BUT there are some conditions around that, so check first).

And, when buying, there are little gotcha’s that might trip you up – so read up, or ask away, BEFORE buying your…[Read more]

Hi Jason,

My knowledge of the associated costs, expenses, taxes..etc is quite limited. Would either of you know of any good resources, templates or guides I could download or buy that detail the above?

Steve’s books tend to include a number of examples of “numbers”, quite easily readable and understandable. Great for the new investor.…[Read more]

I had to read it twice to even start to agree with the author. But after the re-read, I think I now understand what he is saying.

In essence, be careful which parameters you use in determining potential Capital Growth of an area. Though an area may be “sought after”, one of the common limitations is the number of available properties. e.g.…[Read more]

Hi Asou,

I have asked so many people around me but none of them seem to know the answer

Yeah, it is one of those questions that many of us don’t spend our lives thinking about. Based on figures I hear, less than 10% of people ever buy an Investment Property of any kind. And then, (like me), many investors don’t know all there is to know about…[Read more]

Hi Jo,
Re your comment “Should I wait until I have 80% LVR so I don’t have to pay LMI?” I’d like to add a few thoughts:-

1. Many investors agree that the paying of LMI can make sense in the generation of wealth – but it may not be the best decision for everyone, so do have an adviser take a look at your situation and discuss things in…[Read more]

Hi Asou,
Welcome here !! I’m glad you decided to join us to ask your question. Why? Because there is SO MUCH you need to consider ahead of a decision like this, and you are in the right place to get some good pointers through the maze.

I haven’t done what you are thinking of doing, but I have heard enough from others to know that there are…[Read more]

Hi PaulKaren,

Out of interest, I just Googled “Property Clock Gold Coast” and saw quite a few useful entries pop up. The concensus seems to be that 2015 is likely to look good for the GC.

I watched as values rose, then fell again from 2008. I am still holding one in the area that I plan to sell next year. Or even this year, if values…[Read more]

Hi again Jason,
You seem to be in a rather good situation that can allow you a few choices – all thanks to already owning a PPOR. There is quite a wealth of information at this early level, and I wanted to suggest you take a look at this thread first…[Read more]

Hi Jason,
I took your post out of the other thread, just so any replies to you don’t get confused with replies to “jcross”. I’ve got a few thoughts for you, but first I wanted to let you know what just happened !! I’ll be back !!

If you have an idea for a better title, let me know in a reply and I will adjust it.

Benny

Hi Loukediva,
Your question intrigued me, so I set about finding my copy of “0 – 130 properties” to get your quote from the source. But, on a quick “skim through”, I wasn’t able to spot the part you were quoting.

Can you help? If you could provide a page reference, or even just “which chapter”, that would be great – thanks,

Benny

Hi JC,
A good reply there from CRJ – but lets visit their warning :-
“Bear in mind the high costs of entry and exit probably about 10%”

Going by your words, I “think” the property you are talking of selling is your own PPOR – is that right? If so, then one of the common costs (CGT) of selling has gone away. But yes, there are still…[Read more]

Hi all,
Well, thanks to Jason Staggers, this Article (the Seven Most Fatal Property Investing Mistakes) hit the website recently – and it SCREAMED to me to post a reference into this “New Readers” thread. Take a quick look by all means, but then go back and read it all deeply. Commit the thoughts therein to memory, make this link a Favourite,…[Read more]

Hi all,
Well, thanks to Jason Staggers, this Article hit the website recently – and it SCREAMED to me to post a reference into this “New Readers” thread. Take a quick look by all means, but then go back and read it all deeply. Commit the thoughts therein to memory, make this link a Favourite, or whatever.

You will WANT to find this one…[Read more]

Hi Loukediva,

When I tried to calculate this all I could see was that there was a -$42,000 difference between our current annual expenses and how much we would have available for ‘guilt free’ living.

It would help if you shared the data you were using (even if not “actual” figures – e.g. you might not wish to share your actual income on a f…[Read more]

Hi Mat,

Is it essential to have a cash deposit saved up to buy a house up for auction? Or is equity in an investment property I own enough to do this?

No need to have a cash deposit, as equity in a property will do – but the auction rules might state 10% deposit. Call the RE agent ahead of the auction, as even these rules are negotiable.…[Read more]

Hi Coogee,
Probably more important than “which suburb?” is your answer to “What kind of purchase leads me toward my goals?” e.g. Are you wanting to build positive cashflow, or are you looking for a different outcome?

“Set and forget” by buying in a +ve cashflow area (like Woodridge or many other outer burbs)
“Reno and bump rent” to…[Read more]

Hi Dean,
I’m with you in saying “No, they won’t change it”.

Maybe that is because I read 70+% of pundits are saying “Yes they will drop it”, and I like to be different :p

I don’t think we NEED this, and I hope the RBA feels the same way !!

Benny

Hi Ben,
Good name BTW – :p You have a few questions (or doubts?) re Pimpama, perhaps with good reason…..

Here’s a link to an earlier similar question.
https://www.propertyinvesting.com/topic/5004119-coomera-queensland-a-good-area-to-buy/

Take a look – it has several replies already – maybe you can add your findings to that post to…[Read more]

Hi Jesse,
One I know, and used personally while based in Sydney a few years back, is Nick Moustacas of Strategic Wealth Management. He is located around Hurstville. Here is his website – http://strategicwealth.com.au/financial-planning/

There are some on here too who are FP’s, but I don’t know any of them like I know Nick M. I hope others…[Read more]

Hi Jeh,
As a new member, welcome aboard – you have come to a good place !! And good on you for asking the questions you need to.

It is always good to know how to EXIT an investment before getting into it – hence, useful advice from Catalyst.

Re Pimpama, I don’t know that there is a lot there – are there plans for schools, shops, etc?…[Read more]