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What type of development are you talking about? Is it just buying a block of land in the town and building a house or are you planning to develop some land into housing lots?

I know of one place in Nth Qld where the town is expected to boom because of nearby mining – house prices and rentals have already gone through the roof but there…[Read more]

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I think this is happening everywhere. I bought a 1012sqm block with house in a Brisbane suburb about 5 klms from CBD for $500K in April. Could now resell for $600K but long term plans is for 3 additional townhouses on site.

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Yep at peace. I don’t hold grudges – moved on, respect your right to express views even if I may not agree just as I expect the right to express my views to which you may not agree.

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In Bris, all the bookstores now have supplies so try any of the major bookstores including Myer / Grace Bros.

We had been getting $380 pwk for a one bedroom unit that cost $150K. The 11 sec rule – $380/2 x 1000 = $190K so buy at less than $190K fits the 11 sec rule for a + ve cashflow property.

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My sentiments exactly – i’m a person of few words but you expressed it well. thanks

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I’m afraid that I would have to agree with Westan – it would not suit my short to medium term plans and the loan servicibility is very relevant.

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Even good accountants would employ a QS because what a QS does is quite different from what the accountant does. The accountant takes the information prepared by the QS for input into the tax return but it is the QS who has the specialist knowledge – particular brilliant in claiming proportion of common property in home unit town house…[Read more]

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I think what suzieq may have ben talking about is the difference between what may be repairs and what is a capital improvement. Replacing like with like is generally a reapir and tax deductible however if you are replacing something with something different ie timber fence with brick fence then this is a capital improvement – can’t…[Read more]

I not sure what you plan to do for 10-15K but ifthe property is totally unrenovated then kitchen and bathroom are likely to need work so that probably your 10 – 15K.

Yes you can do things to block out the traffic noise but additional dollars. I think one of the reno kings uses an example of a house on a main road in Brisbane that was…[Read more]

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I agree with what most people have been saying – your accountant should know about IPs. For about 16 years, I prepared tax returns and the number of new clients that I got that had rental properties where their previous accountant had not mentioned the old 221 D or advised them to get a Quantity Surveyor etc was very high.
A number of…[Read more]

I use an accountant at South Bank – Mark Boulton and solicitor for conveyancing is Conveyancing Works.

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This is the only forum that I’ve been associated with and with some of the things that go on here, I don’t have any real desire to look at any others even if I had the time.

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Rick Otton is not a name that I am familiar with. Does seemed to have traveeled north of the border.

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I haven’t heard or seen of this Trust Magic book. Do you know where it is available?

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I have read two of Hans books and heard him on the local radio earlier in the year talking about the properties that he had purchased in Queensland(Beenleigh, Eagleby etc) but haven’t heard him speak or purchased his tapes etc. Congradulations on your success.

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Watch out the Enjoylady will get you for criticising or maybe you comments weren’t regarded as rude like mine appaarently were perceived to be. Only kidding Enjoylady.

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Contact your local ASX – they run course and also you can contact a local stockbroker, tell them what you are interested in and the better ones will have information to help you, mailing lists for monthly newsletters etc.

Agree with the authors mentioned. aslo you may like to look at what’s offered by lincoln – stockdoctor -…[Read more]

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Excuse my ignorance but what is LMI refund?

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Without knowing where the service station is I would suggest you will need to do your due diligence before progressing too far. Check with the Main Roads Department to see if they have any changes planned which may effect passing traffic? Years ago, I worked for BP and in those days, the fuel sales paid for the lease on property and…[Read more]

A few lunchtimes a week when I can get out of the office, I do the rounds of the bookshops looking for new titles and have a brief scan through, maybe find a chapter of interest and then a quick read of that chapter. If there something I like, I buy so I have reasonable size library now.

Ben thanks for the insight into the seminars – I’ve…[Read more]

Thanks

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There have been previous postings on the topic owing vs renting. If you do a search you should find things. Steve had been renting when he first started.

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I knew that there was another book around but have never seen it in any of the book shops. I went to a noveau riche evening and if you joined then both books were part of what you received.

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I would think that all good bookstore like Angus and Robertson, Dymocks, Borders etc would or could get any of Brad Sugars books in for you. The cost of the book may also be tax deductible to you.

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That was an easy way to get one post closer to the star.

Bribie

From some of the other posts, Geelong has been mentioned as well as Ballarat, Wagga Wagga etc so maybe in areas around you and these towns. I think people often overlook their own backyard for gems thinking they have to travel thousands of klms to find things.

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Unfortunately I don’t get on the net much and generally later at night. I gues my Scottish heritage and stubbornness will mean that I have to forgo this one.

I’ll just enjoy and re read the book.

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What may have been clear to you apparently wasn’t that clear as at least a couple of other people attest to. Common sense would have also said that Friday, the end of the week not Thursday would have been the cut off particularly when moved from the 30 September.

I guess there are many other seminars to attend if this is going to be the…[Read more]