PropertyInvesting.com | BigCubez | Activity https://www.propertyinvesting.com/members/bigcubez/activity/ Activity feed for BigCubez. Sat, 11 Apr 2026 13:52:47 +0000 https://buddypress.org/?v=2.8.1 en-US 30 hourly 2 87a9fb8bc98552034093b0c09d04a159 BigCubez replied to the topic Rental income and child support payments in the forum Help Needed! https://www.propertyinvesting.com/topic/4995761-rental-income-and-child-support-payments/#post-4995839 Tue, 21 Oct 2014 12:46:28 +0000 Hi Wayne,

Child support is calculated using your yearly taxable income. So if the property is positively geared you will pay more, if it’s negatively geared you will pay less.

]]> e24d0a106dde229ddfddb631040bc06f BigCubez replied to the topic Any thoughts about investing in Chinchilla or Miles? in the forum Help Needed! https://www.propertyinvesting.com/topic/4409797-any-thoughts-about-investing-in-chinchilla-or-miles/#post-4693721 Thu, 08 Aug 2013 19:30:26 +0000 Hi Mandy,

My partner and I were looking at the Chinchilla area about 14 months ago, and to be honest we assessed that we had already missed the boat on that area (would be even more so now). Prices had already risen sharply and there were a lot of housing developments going up.

The problem is that the demand for property has been strong due to…[Read more]

]]> 312ab187becbd4189686d645a95bdef7 BigCubez replied to the topic CGT on ex-PPOR - date of base valuation in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4409270-cgt-on-ex-ppor-date-of-base-valuation/#post-4690294 Wed, 03 Jul 2013 13:01:00 +0000 Terry has pretty much answered it for you. With no other PPOR each time you moved out and had it tenanted there would be a 6 year CGT exemption. When you moved back in within 6 years it would reset this time. As each time you moved back in well inside 6 years of absence then you wont have any problems being CGT exempt up to the time you moved into…[Read more]

]]> 045869b8de6f124825036f5b5bf7424f BigCubez replied to the topic Loan structures, tax deductions and CGT in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4409372-loan-structures-tax-deductions-and-cgt/#post-4690860 Wed, 03 Jul 2013 12:45:41 +0000 Jemima,

You seem to have a pretty good understanding there. When you move into Property 3 just be sure to have a valuation done on both it and property 1. Apart from that I don't know much about LOC so can't help with that sorry.

]]> 43108075876c3bb9b26217f157ba58a0 BigCubez replied to the topic False Advertising of Studio 1 Br units on RE .com in the forum I hate it even more when you https://www.propertyinvesting.com/topic/4408859-false-advertising-of-studio-1-br-units-on-re-com/#post-4687498 Tue, 26 Feb 2013 09:08:18 +0000 I hate it even more when you search for a house and units show up.

]]> aa64df265458f34c2e60175959334292 BigCubez replied to the topic CGT issues regarding brand new PPOR in the forum Seeing as no one has replied https://www.propertyinvesting.com/topic/4408830-cgt-issues-regarding-brand-new-ppor/#post-4687284 Mon, 25 Feb 2013 10:44:14 +0000 Seeing as no one has replied yet I thought I would try my best too respond. Although hopefully someone who knows more than I can answer you better.

Option 1:  I think if they are classified as a boarder (paying their share of costs i.e. water, electricity, food) as opposed to a tenant (paying market rent) then CGT doesn't apply. (I may be…[Read more]

]]> 25396cc80e2505d9146d6d1d8286890e BigCubez replied to the topic Clean Coal in the forum General Property https://www.propertyinvesting.com/topic/4408844-clean-coal/#post-4687401 Mon, 25 Feb 2013 10:22:33 +0000 I wonder what the difference in cost between this and conventional methods would be.

]]> ca036c53a43c489d033fb20dce9bd754 BigCubez replied to the topic Using equity in PPR in the forum Help Needed! https://www.propertyinvesting.com/topic/4408843-using-equity-in-ppr/#post-4687395 Mon, 25 Feb 2013 09:23:00 +0000 If you're looking at 80% LVR's then you wont have to worry about LMI

]]> 7aecf0f7c01d8191cb4cbeddfc780696 BigCubez replied to the topic New to property in the forum General Property https://www.propertyinvesting.com/topic/4408809-new-to-property-2/#post-4687142 Sun, 24 Feb 2013 02:30:44 +0000 Agree with Andrew, set your end goal and then plan on the best way of achieving it. You mention you want to generate large amounts of passive income, identify exactly how much you want to make per year. What asset base and ROI do you require to achieve this? (eg. asset value of $1.5m with a net return of 7% will generate $105K/year) Also setting…[Read more]

]]> c718f35664048806e4cede0f11d1ffe4 BigCubez replied to the topic Property bust not here yet ... worse to come in the forum General Property https://www.propertyinvesting.com/forums/topic/property-bust-not-here-yet-worse-to-come/page/73/#post-4549516 Sun, 24 Feb 2013 01:54:20 +0000 To be fair though, I don't think auctions have ever been popular for buyers in Qld.

]]> ed0b9d4fd0cb09eb1f361f07db09283a BigCubez replied to the topic FHOG: First home as an IP in the forum Help Needed! https://www.propertyinvesting.com/topic/4408699-fhog-first-home-as-an-ip/#post-4686301 Sun, 17 Feb 2013 09:40:18 +0000 minds-eye wrote:
I was thinking that I would rent the property out initially in order to claim approximately $5k worth of deductions during the construction phase.

I'm not sure what 5K deductions your trying to claim during construction. It is my understanding that if the property in not available for rent, then you can't claim…[Read more]

]]> 4103d7bdd4ddbae0e59392daa5211e87 BigCubez replied to the topic stamp duty in the forum Help Needed! https://www.propertyinvesting.com/topic/4408706-stamp-duty-29/#post-4686335 Sun, 17 Feb 2013 09:28:52 +0000 Unsure of other states, but in Queensland, yes off the plan purchase will have stamp duty payable on the full contract price. However House and Land packages will have stamp duty payable on the land price only.

]]> 59ef56686c61c29e656cbb569f6cde72 BigCubez replied to the topic My dilema in the forum Help Needed! https://www.propertyinvesting.com/topic/4408679-my-dilema/#post-4686128 Thu, 07 Feb 2013 09:06:38 +0000 Isiah Thomas wrote:
I was thinking when the fixed interest rate finished we would put the 120k into the offset account with the intention to pay the debt off.  I have also read some advice that if you pay off your investment property and keep the loan open that when you want to buy your PPOR  we can take the money from the offset account and put…[Read more]

]]> e0cb17a0999b49c7deaaa3d3608bcd56 BigCubez replied to the topic Interest only or princpal and interest? in the forum Finance https://www.propertyinvesting.com/topic/4408638-interest-only-or-princpal-and-interest/#post-4685748 Sun, 03 Feb 2013 21:26:29 +0000 Hi Jamie,

Thanks for the great article. It was definitely helpful for our situation, and I'm sure will be helpful for many others also.

Regards,

Cubez

]]> 4ec1638fd9f289d3815f5e1d76531110 BigCubez replied to the topic Us Property in the forum Overseas Deals https://www.propertyinvesting.com/topic/4408639-us-property-2/#post-4685762 Sun, 03 Feb 2013 02:01:12 +0000 10K? I would be looking into why this property is so cheap. You mention it CAN be rented out for $600 per month. Does this mean it currently doesn't have tenants? It's very possible it is located in a slum, making it near impossible to rent out.

]]> f506228f43bbd30825e3447c8874e7de BigCubez replied to the topic Interest only or princpal and interest? in the forum Finance https://www.propertyinvesting.com/topic/4408638-interest-only-or-princpal-and-interest/#post-4685739 Sun, 03 Feb 2013 01:55:24 +0000 If you have a PPOR mortgage or any other personal debt, you would want to have an interest only loan on your investment property so that you can pay down your non tax deductible debt first. Jamie M has written an article on the subject that you might want to read. I spent weeks trying to explain to my girlfriend why an IO loan would be better,…[Read more]

]]> 06ad85e33a121a4be09786229072efa0 BigCubez replied to the topic If you want to be a successful investor learn to do due diligence in the forum Help Needed! https://www.propertyinvesting.com/topic/4408610-if-you-want-to-be-a-successful-investor-learn-to-do-due-diligence/#post-4685500 Sat, 02 Feb 2013 01:05:37 +0000 Haha, view things from a different perspective.

]]> 7bec6c7192f739d935b245702a93bb77 BigCubez replied to the topic Turning PPOR into IP in the forum Hahaha https://www.propertyinvesting.com/topic/4408592-turning-ppor-into-ip-4/#post-4685334 Thu, 31 Jan 2013 06:52:10 +0000 Hahaha

]]> ef8ddb0cf13a8caa6a5e3885e8905a77 BigCubez replied to the topic is it tax deductable from PPOR equity? in the forum Finance https://www.propertyinvesting.com/topic/4408618-is-it-tax-deductable-from-ppor-equity/#post-4685560 Thu, 31 Jan 2013 06:47:00 +0000 Yes it will be deductible. However once you use it to pay down your PPOR loan, accessing the whole $30K will depend on the LVR on your PPOR.

]]> 6e219465448b46b3ac6305c66eac629b BigCubez replied to the topic Double bedroom or single with BIRs in the forum Value Adding https://www.propertyinvesting.com/topic/4408616-double-bedroom-or-single-with-birs/#post-4685541 Thu, 31 Jan 2013 04:08:43 +0000 I think it depends on your target market. A family with young children would mean keep them as singles with a BIR. Marketing to young professionals or students I would probably make them all doubles with a small wardrobe.

]]> a0b567d7a057eeb80458368f1272e396 BigCubez replied to the topic Brisbane weather update in the forum Help Needed! https://www.propertyinvesting.com/topic/4408607-brisbane-weather-update/#post-4685478 Thu, 31 Jan 2013 03:58:39 +0000 It's good to hear that the flooding in Ipswich and Brisbane wasn't too bad. Unfortunately Bundaberg and my home town (Laidley) didn't fair so good.

]]> cc3507ffd0f4c58acdbc1482aa043e5b BigCubez replied to the topic Queensland Floods in the forum General Property https://www.propertyinvesting.com/topic/4408579-queensland-floods/#post-4685212 Wed, 30 Jan 2013 00:58:07 +0000 Not much flooding in Mackay. I think the worst that happened was some roads were cut. The worst hit areas were the North Burnett region (Bundaberg, Monto, etc) and the Lockyer Valley (Laidley).

]]> 684a5d5f1555d06ba9e9dd91217a26b0 BigCubez replied to the topic Positive or Negative? in the forum General Property https://www.propertyinvesting.com/topic/4408561-positive-or-negative/page/2/#post-4685072 Wed, 30 Jan 2013 00:43:01 +0000 Jotham wrote:

I am entitled to FHOG but its only around 7k

Jotham,

There is no 7k anymore. But as a first home buyer, if you buy a new home you are eligible for 15k, if you buy an established home you don't get anything.

Regards,

Cubez 

]]> 80bac6ebead0cb88eb01a548421a892f BigCubez replied to the topic Cairns Council Rates - are they mad? in the forum General Property https://www.propertyinvesting.com/topic/4408594-cairns-council-rates-are-they-mad/#post-4685360 Wed, 30 Jan 2013 00:29:15 +0000 $2900 does seem high. Bowen, Qld. 3 bed house is about $1800 per year.

]]> 481d644bf08bb88b42c301490fde874f BigCubez replied to the topic Break Lease Fees are Fixed in the forum General Property https://www.propertyinvesting.com/topic/4408554-break-lease-fees-are-fixed/#post-4685023 Sat, 26 Jan 2013 21:16:12 +0000 Maybe there should be a 'News' forum topic. Whereas members can paste or link news articles they have read that they would like put up for discussion.

]]> 594ccf7d827d308dc0782b974d378427 BigCubez replied to the topic About to become an "Armchair Developer" in the forum General Property https://www.propertyinvesting.com/topic/4408563-about-to-become-an-armchair-developer/#post-4685116 Sat, 26 Jan 2013 06:48:01 +0000 Interesting program. Are you planning to borrow funds for the initial deposit? If so do you foresee any problems with getting approval from lenders?

]]> a6075eabdc3232c555b4aabee260aa19 BigCubez replied to the topic Opinions on Townsville suburbs and property types in the forum General Property https://www.propertyinvesting.com/topic/4408517-opinions-on-townsville-suburbs-and-property-types/#post-4684607 Fri, 25 Jan 2013 21:57:57 +0000 Rick sta wrote:
The only way someone could be doing quite well from buying H&L packages there is if instant equity is realised on completion which I'm pretty sure is not happening out there at the moment.

Yeah I was told he was getting 30K appreciation from signing of contract to full completion. Only word of mouth though so not sure if it's…[Read more]

]]> 9cde3312887011fcc5c4e50cb77646ed BigCubez replied to the topic Opinions on Townsville suburbs and property types in the forum General Property https://www.propertyinvesting.com/topic/4408517-opinions-on-townsville-suburbs-and-property-types/#post-4684604 Fri, 25 Jan 2013 07:09:03 +0000 I would like to know this also. I've been told of someone doing quite well by purchasing H&L packages in North Shore. Also my friend has an IP in Bohle Plains and PPOR in Burdell that he says he is quite happy with.

]]> 86944c957adbefc3f1f0bafbef76a0ba BigCubez replied to the topic Using personal loans to secure studio apartments in the forum Help Needed! https://www.propertyinvesting.com/topic/4408549-using-personal-loans-to-secure-studio-apartments/#post-4684988 Fri, 25 Jan 2013 03:07:23 +0000 I think I saw those ones in Cairns your referring to. Small studio apartments on the outskirts of a small, tourism based city. Wouldn't like to spend my money there.

]]> 29d669eb67ecd9f8f21e04a31cf9a566 BigCubez replied to the topic Realestate discount when selling 2 properties? in the forum Help Needed! https://www.propertyinvesting.com/topic/4408457-realestate-discount-when-selling-2-properties/#post-4683993 Thu, 24 Jan 2013 21:11:16 +0000 Kent Cliffe wrote:
,A common strategy especially in this market is to list  then crunch the vendor on price. However,  this will hurt you in the long run as most of the interest on your property will be the first couple of week

How true. Nothing worse than listing too high and seeing potential buyers dry up. 

]]> a7a270abc754ceb25c0ae5ddc6a8a26d BigCubez replied to the topic The next step in the forum Help Needed! https://www.propertyinvesting.com/topic/4408536-the-next-step-5/#post-4684823 Wed, 23 Jan 2013 21:49:33 +0000 Sorry Shahin, I might be reading it wrong, but it doesn't sound like Paul is calculating equity correctly. Its sounds like he is subtracting the loan amount from the value, and then using 80% of this figure.

]]> 8def2c33c378b7bb901076cdb078eec6 BigCubez replied to the topic QLD mining regions (Bowen & Surat Basins & Gladstone): Willing to help anyone with questions in the forum Help Needed! https://www.propertyinvesting.com/topic/4404256-qld-mining-regions-bowen-surat-basins-gladstone-willing-to-help-anyone-with-questions/page/23/#post-4652441 Wed, 23 Jan 2013 02:30:48 +0000 Bowen,

I own an IP in Bowen. It has been performing okay. Originally bought in 2009 as PPOR, turned into an IP early last year. Median prices in Bowen tripled from 2002 to 2007 but have been pretty flat since (median house price has dropped 2.5%). Although my place has risen in value by $45000 since purchase.

With the large expansion planned for…[Read more]

]]> cfb20d8f1d33c4a05aa82352fc80399b BigCubez replied to the topic QLD property, take a loss or not? in the forum General Property https://www.propertyinvesting.com/topic/4408491-qld-property-take-a-loss-or-not/#post-4684268 Tue, 22 Jan 2013 06:05:21 +0000 Reference:

Redcliffe, QLD
Peter Koulizos and Cameron Kusher of RP Data both picked Redcliffe as an area poised for strong growth over the next years due to its affordability and attractive lifestyle.

Located approximately 30km north of Brisbane City and sits on a waterfront peninsula, it is relatively affordable compared to suburbs situated an…[Read more]

]]> a04f74cfb16d4d2c8334fe919446da5c BigCubez replied to the topic QLD property, take a loss or not? in the forum General Property https://www.propertyinvesting.com/topic/4408491-qld-property-take-a-loss-or-not/#post-4684265 Tue, 22 Jan 2013 03:45:08 +0000 Event,

I've read that Redcliffe is tipped as a strong growth area over the coming years. Especially if your home is close to the water. I believe it is seen as an undervalued suburb at present. If you can afford to hold it for a couple more years then hopefully these predictions are correct. If it's performing badly look at your options, can you…[Read more]

]]> 20784cbe7b286862455b332ca1d08a4e BigCubez replied to the topic Start small on 1st IP or wait in the forum Help Needed! https://www.propertyinvesting.com/topic/4408459-start-small-on-1st-ip-or-wait/#post-4684011 Tue, 15 Jan 2013 10:23:13 +0000 Hagget,

With all that equity you don't have to necessarily start small with your first IP. Take out a sub loan on your PPOR to release the equity then use that as a deposit on your IP. Then both the sub loan and the mortgage on your new IP will be tax deductible.

]]> 9a4c7339a593936d72088b340ece6bcb BigCubez replied to the topic Does this resemble anyone here? in the forum Forum Frolic https://www.propertyinvesting.com/topic/4408432-does-this-resemble-anyone-here/#post-4683839 Sun, 13 Jan 2013 05:28:23 +0000 No pets allowed. EVER

]]> a3dc30216b31c5d7e74b242dd94db88b BigCubez replied to the topic NPA property group in the forum Help Needed! https://www.propertyinvesting.com/topic/4408367-npa-property-group/#post-4683299 Sat, 12 Jan 2013 21:46:55 +0000 In Mackay. I'm going to look elsewhere as I already have a negatively geared property and I'm looking to boost my cashflow.

]]> 3de91d47efa6e23b3577e6524884cac6 BigCubez replied to the topic NPA property group in the forum Help Needed! https://www.propertyinvesting.com/topic/4408367-npa-property-group/#post-4683297 Sat, 12 Jan 2013 04:15:20 +0000 I had an initial meeting with NPA also. They think that negative gearing is the only way to go due to tax savings, and because of the cost of the builds I would be interested to see if they could find you anything positively geared. My guess is that they will probably try harder to sell you on negative gearing.

]]> 90e78e64e376509acc190f87389b1997 BigCubez replied to the topic QLD mining regions (Bowen & Surat Basins & Gladstone): Willing to help anyone with questions in the forum Help Needed! https://www.propertyinvesting.com/topic/4404256-qld-mining-regions-bowen-surat-basins-gladstone-willing-to-help-anyone-with-questions/page/23/#post-4652436 Sat, 12 Jan 2013 02:48:55 +0000 CMS,

The newest mine being built near Moranbah (Caval Ridge) will have a 100% FIFO workforce. Vacancy rates are over 7% for the town. Rental prices have lowered dramatically to secure tenants, while purchase prices are still high. Unless you already have property there then I would be looking elsewhere.

Regards,

Cubez

]]> 14ce2ea05530abb655b7e26401b8e346 BigCubez replied to the topic First home investment property reno tax deduction in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4408248-first-home-investment-property-reno-tax-deduction/#post-4682270 Sun, 06 Jan 2013 09:03:50 +0000 Jinglebell,

I agree with the comments above. From the information you have provided, I would recommend moving into the house when you buy it, doing the renovations, then renting it out for a few years.

The benefits are, being eligible for the FHOG, claiming depreciation on the renovation costs, and the property can remain CGT exempt for 6 years…[Read more]

]]> b8358ea5aabfd1bb7cf0b74d857e6b05 BigCubez replied to the topic RPM Nationwide Debt/Mortgage Reductio and Asset Building Specialists in the forum Finance https://www.propertyinvesting.com/topic/4402961-rpm-nationwide-debtmortgage-reductio-and-asset-building-specialists/page/2/#post-4643139 Sat, 05 Jan 2013 11:41:29 +0000 If I offered $350,000 on a property and the bank valued it at $300,000, I definitely would not purchase it. Always try to buy BELOW market value.

]]> 80a203fec7579452130897e7d7312474 BigCubez replied to the topic First IP in Qld - A few tricky questions (for me anyways) in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4407989-first-ip-in-qld-a-few-tricky-questions-for-me-anyways/#post-4680133 Wed, 26 Dec 2012 13:37:26 +0000 Matt,

FHOCG is now only available for off the plan or newly built homes. And you would need to live in the home for a period of 6 months within the first 12 months of ownership. If you go 50/50 with someone else then only one of you may claim the grant, and if the other person has owned all or part of a place before than you wont get the grant.…[Read more]

]]> 72c446af5671a0f3d7632a53ab28653e BigCubez replied to the topic Keep a eye on Hughenden. in the forum General Property https://www.propertyinvesting.com/topic/4406783-keep-a-eye-on-hughenden/#post-4671341 Wed, 26 Dec 2012 09:46:24 +0000 That wouldn't surprise me at all. And I assume that down the track we will hear the company stating that due to the remoteness of Hughenden that they want a high percentage of FIFO workers.

]]> 28f5e2b1542ddcd18d5f936077625a19 BigCubez replied to the topic Sunshine Coast - Tough times...but will it bounce back? in the forum General Property https://www.propertyinvesting.com/topic/4406106-sunshine-coast-tough-times-but-will-it-bounce-back/#post-4665647 Tue, 25 Dec 2012 04:13:24 +0000 Sunshine Coast would be a medium to long term proposition. Although I wouldn't be looking for any huge rises in the short term.

A charter company operating out of the airport is seeking contracts from Qld mining companies to operate FIFO to mine sites. The idea is to turn the area into a location that miners and their families can live on the…[Read more]

]]> b700af10f3a1f4d98480f9ac3b5b08b0 BigCubez replied to the topic Keep a eye on Hughenden. in the forum General Property https://www.propertyinvesting.com/topic/4406783-keep-a-eye-on-hughenden/#post-4671339 Mon, 24 Dec 2012 06:29:27 +0000 I have been keeping my eye on this. However haven't seen Guilford mention where they will source their workforce.

]]>