Hi JZ,

I stumbled on this piece about negative gearing, highlighting the pitfalls and misconceptions and will approach this with much more caution.

It contains really worthwhile information. The main slant though (I believe) was to warn against “those that will try to sell you their new offering by using it to show how little it will cost you…[Read more]

Hi JeffC,
Welcome as a new member to our site. I hope you are enjoying the information available herein.

Re your post above, it shows a lot of thought going into the process. A pity you have had no replies, but then I don’t know just how many on here are RE agents (the numbers might be quite small).

Further to your questions though, I…[Read more]

HI again JZ,
I’ll put my opinions re some of these – hopefully others might put counter-points, leading to a more rounded look at this complex area for you. See what you make of these thoughts :-

1) From an investing point of view, would you forfeit FHOG for a good opportunity?

Hmm, define “forfeit” !! If you mean would I NOT use FHOG to…[Read more]

Hi JZ,
Welcome to you too – it is good that you have found us, as it sounds like you are well-prepared financially to make a go of IP’s. But first, do have a think about where you want to be, and whether you will need cashflow or Growth to achieve it.

The “Do I buy a PPOR or an IP?” is one of those early questions, and it would be good to…[Read more]

Hi Dean,
And a big welcome to you into our community. I hope joining up proves to be a life-changing event for you. :)

I can’t comment on Yale specifically as I don’t know them. But this comment of yours had me smile – it reminded me of me about 25 years ago:-

To be honest, I had not thought much about IP’s before tonight as I always v…

[Read more]

Hi Dean,
And a big welcome to you into our community. I hope joining up proves to be a life-changing event for you. :)

I can’t comment on Yale specifically as I don’t know them. But this comment of yours had me smile – it reminded me of me about 25 years ago:-

To be honest, I had not thought much about IP’s before tonight as I always v…

[Read more]

I have used Qld Law Group several times – based in Springwood. Very happy with them.
http://www.qldlawgroup.com.au/reception.html

Kirsty is very knowledgeable and decisive – did one for me just a month or so back. Conveyancing charge is $550 which seems to be pretty normal.

Benny

Hi Knox,

PS do you know somewhere I could find information in “layman’s terms” on depreciation?

Learn it from the man himself – here’s an Article written by Steve :-

https://www.propertyinvesting.com/depreciation/

There are lots of articles on all manner of subjects – great reading for all newcomers,

Benny

Hi Jason,
Is there a “rule of thumb” re how best to develop a smallish block e.g. is it as simple as “jam on the most 2 bedders you can fit” (or even 1 bedders in some areas)? Or can it be financially better to build a smaller number of 3bdrs? Are such decisions “area dependent”?
Pros and cons between townhouse/villa and/or duplex/standalone.

Hi Adam and Brinks,
Seems to be a quiet time the last few days on forum. Hopefully our usual gurus will pop back in and lend their knowledge to your cause.

Meantime, though I CAN’T answer all of those questions, here are a few thoughts that might be useful…..

1) As a first home buyer, if I build do I get the first home owners grant if I…

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Hi Wayne,
This is a very good question :-

I don’t mind if the Child Support Agency add any profit I make at the end of the year as taxable income, though my concern is that they might add the weekly rental income into their calculations regardless of the deductions claimed against it.

Things might change from year to year, and it is not a…[Read more]

Hi Euroboy,
Welcome aboard – good to see you have joined us. And what a great opportunity that souns like. I hope you are able to chase it down to a beneficial conclusion. Families though can become a bit fractured, depending on each individual. Still, even if not all “want in”, it may still be worth having a shot at.

Unfortunately, I…[Read more]

Hi Knox,

This may sound like a stupid quetion but, is it wise to outlay more money, to bring the price down and therefore turn it to a positively geared investment?

By adding more deposit you are bringing the Mortgage down, not the price (but then, THERE’s an idea !! Read on…)

Let’s look at “the numbers” in a slightly different way, then…[Read more]

Hi Farhad,
Click on the link below to go straight to his Profile. From there, you can send him a PM (Private Message).
https://www.propertyinvesting.com/members/RPI/

I note he hasn’t logged on for a few weeks, but a Private Message will be waiting for him when he does.

Or, read some of his posts, as he has contact details in his…[Read more]

Hi Rich,
I am happy to recommend Nick from Strategic Wealth Management. I have used him in the past and was very satisfied with his expertise. He’s also a helluva nice bloke. When I was there, about 4 years ago now, his offices were in or around Hurstville.

Benny

Hi Lance,

Question is what should we do with spare cash as I want to get all my deductions back at tax time.

I guess the answer to the question should come from you. You have done really well, but the main question, I believe, is “Are you now finishing with the accumulation phase, and moving into consolidation? Or are you still looking to…[Read more]

Hi westsub,
WHat I think I am hearing (reading) is that you wish to borrow against the IP to provide a deposit for a PPOR.

To many, a redraw means to ADD to an existing loan (i.e. you pay down a loan, then borrow it back via a redraw). In that case, only one loan exists. If that were the case, you would be mixing personal borrowings (for a…[Read more]

Hi Andrew,

in the future I would be moving back to the city, I would like to move to The Vines in Perth, should I buy a million dollar propety now and rent it out or should I invest small in the suburbs and buy my dream house latter?

For CGT benefits alone, I would suggest holding off its purchase until you are ready to move straight into it.…[Read more]

Hi again,
Good point from Terry – having a CGT exemption is a real asset when it comes time to sell your PPOR. So, if selling, do consider buying another, rather than renting, then borrow against the new PPOR for IP’s. Of course, it would make sense to buy low and reno any new PPOR too – cost less to buy, then add Equity to borrow against!!…[Read more]