Hi Phil, and Ches too,

I’m just wondering what are the best resources for finding information about how certain suburbs are trending and changes in the market?
I have heard of Residex, RP Data, SQM, info on realestate.com.au
Or is it best getting in and amongst the areas I am interested talking to agents and going to open houses and so on?

M…[Read more]

Hi Jas,
Ah, a depreciation schedule – yes it all makes sense now.

Re growth in Morayfield, I don’t know the area well, but I note there is stacks of land around, and there seems to have been quite a “push” in that area over the last number of years. That could have affected the supply/demand curve of course. Is it still growing? Are new…[Read more]

Hi Phil,

Is the growth potential related to new things coming to the area ie. Schools, shopping, transport?

Anything that increases demand for a property in an area will lead to a lift in price growth. With more demand, supply can’t keep up, so buyers have to pay more to “get in”. So schools, transport etc can certainly have an effect. So…[Read more]

Hi Goosehead,
So much depends on answers to a few more questions :-

If your property is in Melbourne or Sydney and it HASN’T grown, I’d be asking serious questions re “Why not?” This could indicate it is time to part company. But if your property is elsewhere, then “It depends…..”

I am seeing early signs of price rises in Brisbane, and…[Read more]

Hi Frangypani,
Wow – the options don’t look too bright right off the bat…. But the “holiday rental” might be a path worth researching….

Your story could be my own – but my property is in the Gold Coast Hinterland (in the mountains). We were losing steadily until we bit the bullet and made it into Holiday Letting. Now, we are NOT on a…[Read more]

And Stamp Duty on mortgage is a “Borrowing Cost”, so can be reclaimed via Tax relief over (I think) 5 years – along with myriad other borrowing costs.

Anything to do with having the loan happen is a borrowing cost – e.g. application fees, Stamp Duty on many bits and pieces, LMI, mortgagee’s Solicitors fees, searches, etc.

Benny

Hi Razoo,
Welcome aboard !! I gather from your wording that you are wanting a highish yield, perhaps in preference to Capital Growth? Or do you hope to have both – maybe forcing Growth via reno, development, etc. There would be many questions that should arise before launching into this – like, what are your goals?

Have you talked with…[Read more]

Hi Zojieen,
Welcome aboard – that is an interesting bunch of questions you have put to us. I attempted to see what you were watching.
Your link didn’t go to a specific RK video, but I went looking and watched two that I found.

This one (8 minutes long) :-

..does add a few figures. From…[Read more]

Hi Isabel,
I think you may have already telegraphed the answer :-

someone who charges a bit more but has been really responsive and thorough with information (this is important as its our first property

It is great that you have secured a tenant, but why give the useless PM any more of your money? As an absentee landlord, I would certainly…[Read more]

Hi MM,
Good to hear you are breathing once more…. :p You appear to be in really good shape – you will look back in 10 years and give yourself a huge pat on the back !! But wait – you could even do that NOW !! What you already have is a nice base to start from.

Do catch up with this thread…[Read more]

Hi Ms New,

Richard >> there are plenty of other better suburbs depending on what you wanting to achieve.
Ms New >> I am currently renting and I hope to be able to buy my PPOR in say 5-6 years. So CG is more important in my situation.

Richard’s point is well made !! It all depends on what you want to achieve, and by when? The HOW comes…[Read more]

Hi Higherdale,
The only formula I know that would calculate that is to write “HEAPS”. When developers can build up to 8 stories, the land values go into the stratosphere. Given that your group (assumedly) are talking about this, it may be worth having two or three of you spending the time (and $$) to learn all about it for yourselves.…[Read more]

Hi Johnny,
In case you haven’t seen these already, do check out this post (started about 3 years ago, but some great input in first three pages…)

https://www.propertyinvesting.com/topic/4404268-30-properties-before-25-finance/

And then, there’s a catch-all thread that has a heap of links – one near the end of the first page points you to…[Read more]

Hi RPI,
Based on the numbers, it seems only 45% of the land can include housing. What about garaging – can they be separate and take up more of the land? Or would they have to be underneath to stay within the 45%?

As this block is (I believe) LMR2, is that two levels of living, or two levels including garage under?

Thanks for all your…[Read more]

I understand that I could hold onto the apartment and that it will be positive but I think I’ll have to hold too much money in it.

True, but then you can borrow against its Equity to become the Deposit on another IP (making the extra Loan deductible) and/or take equity to buy a PPOR. Whatever you choose, it is great to have so much choice !…[Read more]

Hi Ray,
I have PM’ed you,

Benny

Hi Rob,
Welcome, and well done. You already appear to have a chunk of equity – that is a good start for someone of your age.

Right now is the right time to identify your goals, thus your direction. Keep on reading, especially stories on here of what others are doing, who they are seeing, and how they are charting their course. While…[Read more]

Hi Ray,
I wasn’t able to read the RP clearly, but the letter came up fine. It seems a larger block was subdivided way back, giving you a ~640m2 chunk of a larger block. It appears that your land is confined by your boundary, thus I think the Elec Co is up for the adjoining fence with your neighbour, not you.

That RP plan was so unclear I…[Read more]

Hi Ray,
Bsed on the updated information and the map, and your words, it seems to me that the Energy Co owns a “battleaxe block”. Thus they would own the driveway and be up for the fence.

BUT, you use the word “easement”, which usually indicates part of a block of land being made available for “others to use”, and restricting you from…[Read more]

Hi RPI,
Many thanks for the quick response. Could you expand on this comment please :-

By my rough calcs you have a 238m2 per-1946 site coverage at the moment and are allowed a 364.5m2, so only an additional 126.5m2

I’m not sure what you just said… Are you saying only 126.5m2 extra land could be utilised for any extra dwellings if a…[Read more]