https://www.propertyinvesting.com/members/carlin/activity/ Activity feed for carlin. Mon, 13 Apr 2026 13:56:54 +0000 https://buddypress.org/?v=2.8.1 en-US 30 hourly 2 ebfc8b5c2dd68f474d77194c2ee4c9aa https://www.propertyinvesting.com/topic/4404254-buyers-agents-in-adelaide/#post-4651978 Thu, 21 Jul 2011 12:05:32 +0000 Thanks for all responses so far.What I don't get with using a buyers' agent is if their payment's based on what you pay for a place, where's the incentive for them to get it for a good price? There's more incentive, with that charging system, to make you overpay.cheers,Carlin

]]> d1ac57a197502387ad1bd34b471ee6c2 https://www.propertyinvesting.com/topic/4401279-adelaide-investor-seeking-investors-group/#post-4632363 Fri, 24 Sep 2010 04:02:55 +0000 Thanks for this info.Unfortunately I can't make that first meeting so if anyone has contact details for the organiser that would be much appreciated.Will try those Facebook contacts too….though I loathe Facebook.thanks again,Carlin

]]> dbbd82828075f0d013b112348ca795e9 https://www.propertyinvesting.com/topic/4399344-mum-moving-in-with-us-what-to-do-with-her-house/#post-4620831 Tue, 06 Apr 2010 12:07:25 +0000 Many thanks for all the advice received here. I will be pursuing all the suggested avenues for getting solid financial advice on what to do here.Yes, Pully, I am in discussions with siblings and also yes, my Mum is still fully with it.So all decisions will be made in consultation with Mum and siblings to ensure we stay a happy family.cheers,Carlin

]]> 6ce7f4ebecc80b7a499c01c17fcbc425 https://www.propertyinvesting.com/topic/4399344-mum-moving-in-with-us-what-to-do-with-her-house/#post-4620826 Sun, 04 Apr 2010 11:08:45 +0000 Thanks Keiko….very clearly explained and I will follow this advice and organise valuations before we rent it out…..which I think is the likely path we'll take.

]]> 65abdfe4c6768bbfa5466e6df45b8b40 https://www.propertyinvesting.com/topic/4399344-mum-moving-in-with-us-what-to-do-with-her-house/#post-4620824 Sat, 03 Apr 2010 11:53:33 +0000 We're planning to talk with someone next week.However, on the idea of getting a couple of valuations done…..I'm not clear how getting a valuation done can save us from having to pay CGT. If the property ceases to be Mum's PPOR and is instead rented out for a period then isn't CGT payable on its sale and – if so – how is it calculated?thanks for…[Read more]

]]> 03e65e5726914df5afc475a5c7d8f5b2 https://www.propertyinvesting.com/topic/4399344-mum-moving-in-with-us-what-to-do-with-her-house/#post-4620819 Wed, 31 Mar 2010 12:26:54 +0000 Thanks for tips. Getting advice is where I get stuck…..I don't know who I should talk to for financial advice on this one. Centrelink won't give advice, understandably. Is there a particular kind of financial advisor I should see or do I just lookup the yellow pages, shut my eyes and poke a pin in to choose one??? We're in Adelaide so if anyone…[Read more]

]]> 96d5db107cd0bb58577c061c597fd4db https://www.propertyinvesting.com/topic/4396902-does-this-sound-sus-to-you/#post-4607235 Mon, 10 Aug 2009 23:15:34 +0000 You should definitely be making a formal complaint about this agent to the ACCC. She appears to have acted in contravention of the Trade Practises Act.She needs to be weeded out – this could be just the latest of other similar behaviour and will no doubt continue if she isn't taken to task.

]]> d8b66cd1913cd8b24a54140183f307f7 https://www.propertyinvesting.com/topic/4396865-flooring-advice-needed-for-unit-reno/#post-4607078 Sun, 09 Aug 2009 23:14:06 +0000 Thanks for tips. Businessglobal – with the industrial vinyl you used, did it come as strips like timber strips? If so, it could be the same product as I'm thinking of using. The company salesman says it's used by the Smokemart chain, among others, and is tough and durable.Also – was the lounge also the dining area? Mine is lounge/dine open space…[Read more]

]]> bdfebac76ed622fe55eb9638c26b1617 https://www.propertyinvesting.com/topic/4396299-wallpaper-removal-bunnings-kitchens/#post-4604335 Sun, 02 Aug 2009 23:28:31 +0000 Just an update as we are now nearing end of renovating this 2br unit and plan to have it on market in two weeks.Bathroom wallpaper came off quite easily with the soaking-and-scraper method.Tiled over the floor tiles and it's come up a treat.Decided to stay with existing kitchen cupboards and just repainted and put new handles + put in Bunnings…[Read more]

]]> 1e40a8a6b31c77175d04e9d726936355 https://www.propertyinvesting.com/topic/4395370-laminate-floating-floors/#post-4599120 Fri, 12 Jun 2009 12:54:36 +0000 Thanks for tips. About to start doing up a 2br upstairs unit. Concrete floors (currently covered in old vinyl and ripped carpet). Bunnings has solid oak for about $45/m – 19mm. But I'm thinking laminate wood will be cheaper and easier to lay. Solid wood would need to go on battens, wouldn't it? Whereas laminated floorboards go on insulation layer…[Read more]

]]> 297274079565a403fbd68bae0db6281d https://www.propertyinvesting.com/topic/4396299-wallpaper-removal-bunnings-kitchens/#post-4604328 Thu, 11 Jun 2009 12:43:25 +0000 Thanks Mike. I've just got back from Bunnings. I'm yet to cost it all. It's just a small kitchen so I won't be needing to buy much, but I will take your advice and see if I can find a cabinet-maker who's willing to put something together for me. Your unit sounds much more upmarket than mine. This is an upstairs, middle unit in 1970s block of six.…[Read more]

]]> e959d950e188debc86dc1b2e89f89c0e https://www.propertyinvesting.com/topic/4396299-wallpaper-removal-bunnings-kitchens/#post-4604326 Mon, 08 Jun 2009 12:12:19 +0000 Thanks for that tip. I'll try your approach first and if it doesn't work then I'll hire a steamer.cheers,Carlin

]]> f4f9bf35f540f569ca78f465055d8379 https://www.propertyinvesting.com/topic/4396382-rich-dad-poor-dad-seminar-sydney-review/#post-4604774 Fri, 05 Jun 2009 12:08:04 +0000 Hi Garry,Thanks for taking the time to post such an informative review. Most people who get ripped off by dud deals like this feel so peeved they don't want to do a post mortem, so it was very generous of you.As for RK's wife's view that the greatest thing a married couple can do together is make money…….Wonder if she would feel the same way…[Read more]

]]> 8899d34f4ced44827aae39e87c9002b4 https://www.propertyinvesting.com/topic/4396299-wallpaper-removal-bunnings-kitchens/#post-4604323 Mon, 25 May 2009 23:11:22 +0000 Thanks everyone.Now tracking down a steamer to remove wallpaper because I doubt the soaked sponge is going to work.And no, Scotty, we are not relocating the kitchen in the bathroom!cheers,Carlin

]]> 72fff0c87707d7e95896726c1af3a1d8 https://www.propertyinvesting.com/topic/4395830-fixed-interest-home-loan-or-variable/#post-4601556 Sat, 09 May 2009 13:23:01 +0000 An interesting counter argument can be found in the somersoft forum thread titled something like "what will fixed rates do?"checkout the recently posted views of moderator keithj, who's saying fixed rates will only head north.cheers,Carlin

]]> 7ed0ff82a78ad447838cc4f18befcf5b https://www.propertyinvesting.com/topic/4395830-fixed-interest-home-loan-or-variable/#post-4601554 Sat, 09 May 2009 10:18:53 +0000 Thanks for explaining all this Richard.Seems to suggest that many who've fixed in the last few months have acted too soon???cheers,Carlin

]]> d7a5221d48b6aa19cb54c3e4020683a3 https://www.propertyinvesting.com/topic/4395830-fixed-interest-home-loan-or-variable/#post-4601552 Fri, 08 May 2009 10:31:08 +0000 What's going to make competition "hot up". The Reserve Bank lowering rates hasn't. On the contrary, the fixed rates went up with the big banks and other lenders too.So what's going to suddenly spark some competitive fixed rates?cheers,Carlin

]]> 4c7e3d9fd58f3fa8d4a807f8dd0b308f https://www.propertyinvesting.com/topic/4396070-2-99-how-thats-for-a-fixed-rate-loan/#post-4603180 Fri, 08 May 2009 00:11:44 +0000 Firstmac's offer appeals if you have lots of $$$ to dump on the loan in that first year.We don't, so Bankwest's Rate Tracker Ultra home loan product appeals more.0.9% off the variable rate for three years, using an average of the big four banks variable rates to set the variable rate they deduct from. Currently 4.85% (real rate for $250,000 is…[Read more]

]]> 7691ea53820679d90b643c1eef7e5ac8 https://www.propertyinvesting.com/topic/4396164-cgt-query/#post-4603610 Tue, 05 May 2009 11:29:17 +0000 Dan 42 – thanks, that's what I thought (and hoped) was the case. But I read an article (which I now can't find) that had fuelled some doubts.Thanks for setting me straight.Carlin

]]> 2f2869dc9ce6fc468d491b9082883a59 https://www.propertyinvesting.com/topic/4396169-our-offer-was-accepted-d/#post-4603627 Tue, 05 May 2009 11:27:14 +0000 Well done Karen! Thanks for sharing your success and the pics with us. I hope all your plans go well.Carlin

]]> 76a74455d33803358d23b59b86c77146 https://www.propertyinvesting.com/topic/4396164-cgt-query/#post-4603607 Mon, 04 May 2009 23:11:03 +0000 Still not clear Terry. The property is held in the wife's name. Does that mean that (for tax purposes) it's owned fully by her and therefore CGT (if it's sold) is based on her tax rate?

]]> 77065b103cad9b77a6807718d9b32f97 https://www.propertyinvesting.com/topic/4395084-quick-query-re-loan-mortgage-insurance/page/2/#post-4597548 Mon, 04 May 2009 23:06:59 +0000 Don't get me wrong. We're cross collaterised too, using equity in our PPOR to buy IPs. As I understand it – as the IPs gain in value you can request the lender to release equity they're holding over your PPOR.See if you can get hold of a copy of the API mag article I mentioned earlier in this thread. That's what guided us with the way we bought…[Read more]

]]> 985967f6b4240381e898fc656ce85177 https://www.propertyinvesting.com/topic/4395084-quick-query-re-loan-mortgage-insurance/page/2/#post-4597546 Mon, 04 May 2009 11:25:59 +0000 Hi the7,In our case, the loan for the 20% deposit from Lender A went to Lender B to pay that deposit. All the funds have been borrowed for an IP so interest on both loans (the 20% with Lender A and the remaining 80% with Lender is deductible. I'm not an accountant, but my understanding is that as soon as you start mixing up funds used for…[Read more]

]]> 6e9b8e10099693f87883507ec0a281c5 https://www.propertyinvesting.com/topic/4396063-rams-to-drop-fixed-rates-for-1st-and-2nd-year-term/#post-4603071 Fri, 01 May 2009 04:23:42 +0000 So perhaps we can read into this that RAMS are predicting rates to stay low for the next two years, then they either think they will rise or they're not sure hence increasing the fixed rates from 3years on.Seems to be in line with predictions of those economists brave enough to make them in current climate.

]]> 8c3369a4f153729a81d0a8c941d7def8 https://www.propertyinvesting.com/topic/4396110-homestar-has-anyone-any-feedback-on-this-lender/#post-4603308 Tue, 28 Apr 2009 12:23:41 +0000 Meant to say, they still look quite good compared to the big banks.Wish there was a table that could be relied upon to be up to date + give comparison rates.

]]> da2de3e3666437795df39b049b92bab1 https://www.propertyinvesting.com/topic/4396110-homestar-has-anyone-any-feedback-on-this-lender/#post-4603307 Tue, 28 Apr 2009 12:21:17 +0000 Not sure where you're looking, god-of-money.Off HSBC website – 3 year fixed is 5.29% (5.68% comp rate).4.99% is for just one year, and the comp rate is 5.73%.Yes Richard….won't rely on ratecity.com. Perhaps they don't update very often.

]]> 63499f8fdccea310556a89139b288e18 https://www.propertyinvesting.com/topic/4396110-homestar-has-anyone-any-feedback-on-this-lender/#post-4603304 Mon, 27 Apr 2009 23:53:42 +0000 Perhaps we are.Investment 3 yr fixed – 5.49% (comp rate for $225,000 is 5.23).Investment 5 yr fixed – 6.29% (comp rate for $225,000 is 5.64%)I'm looking to fix a loan of around $200,000, hence my interest in comp rate for that amount.These figures are off ratecity.com.auWhen you look at the monthly repayments in the comparison tables they look…[Read more]

]]> 427145d93b2c95c432a33524a4f6dce9 https://www.propertyinvesting.com/topic/4396063-rams-to-drop-fixed-rates-for-1st-and-2nd-year-term/#post-4603063 Mon, 27 Apr 2009 08:11:52 +0000 Geeeeezzz!!! I wish I'd seen that 10 year fixed rate!!! I wonder what the comparison rate was.Any other 10 year fixed rates like that around still?Also….I know fixed rates have gone up slightly, but if Reserve Bank drops the rate again is it at all feasible that fixed rates will come down again??

]]> b03c10c0dbaecbf5c8404686f22b0e6b https://www.propertyinvesting.com/topic/4396063-rams-to-drop-fixed-rates-for-1st-and-2nd-year-term/#post-4603058 Sun, 26 Apr 2009 12:43:14 +0000 On the subject of Rams – now that they're owned by Westpace does that mean they're now a safe proposition?Their fixed rates remain very competitive and we're considering refinancing a couple of loans with them.And, yes, it is interesting that Rams seem to be offering a better deal than their parent company, Westpac. Perhaps Westpac is just trying…[Read more]

]]> 2f5cafae8afea3ac279f00fce1d2de93 https://www.propertyinvesting.com/topic/4396079-fhog-will-not-be-extended-what-will-happen-to-property-prices/#post-4603239 Thu, 23 Apr 2009 10:40:33 +0000 If you're not in a big hurry, I'd hold off. The great rush by FHBs has overinflated the lower range places thereby eating up any benefit the grants have. That rush is only going to get worse now.Give it another 12mths and you'll have developers and sellers conditioned to accept less cos there'll be fewer buyers out there + interest rates likely to…[Read more]

]]> aeb0af2f1cbd36f7ac3b8cbddeb8b025 https://www.propertyinvesting.com/topic/4396070-2-99-how-thats-for-a-fixed-rate-loan/#post-4603171 Wed, 22 Apr 2009 13:28:22 +0000 From their website –3.99% 1 year fixed rate. (Reverting to standard variable rollover rate. Comparison rate 5.60%.Doesn't sound that great.Am I missing something?Carlin

]]> 7d47bf3957587d672008ec0ae537d473 https://www.propertyinvesting.com/topic/4396036-renting-out-part-of-my-ppor/#post-4602944 Wed, 22 Apr 2009 12:45:23 +0000 Hi Terry,Thanks for the info.We don't have a LOC. We have our PPOR loan on a variable rate with mortgage offset account into which all IP rents go and from which we pay all bills.The granny flat is self contained so it's a standard residential tenancy, not a boarder.We're in SA. Will have to check re-stamp duty.Wondering if it makes any difference…[Read more]

]]> 75335239d748ff6c540e934db98a91b5 https://www.propertyinvesting.com/topic/4396036-renting-out-part-of-my-ppor/#post-4602942 Tue, 21 Apr 2009 23:55:06 +0000 Not sure why this came off active topics list…..anyone able to help with my queries in previous post??

]]> 1b0c6cb06e1158ea5cb675cbebaee512 https://www.propertyinvesting.com/topic/4396036-renting-out-part-of-my-ppor/#post-4602941 Mon, 20 Apr 2009 10:55:36 +0000 On this same subject – we rent out a granny flat behind our PPOR on which we claim a percentage of our household utilities expenses against the income we make.FIRST QUESTION – A friend advised us to stop making claims for deductions and depreciation (it's fully furnished and we cover all utilities) as this would mean that when we sell the CGT…[Read more]

]]> c7450cc06e366635a1e86078d4f495d8 https://www.propertyinvesting.com/topic/4395892-easy-question-re-cgt/#post-4601942 Fri, 03 Apr 2009 11:16:52 +0000 Thanks for the answers….so now I'm really hoping that FHBG is extended beyond June 30 because my IP will be a slightly harder sell without it.What are people's views on the likelihood of that extension happening?There's been a bit of media about risk of our own sub-prime debacle because the FHBG is overinflating prices, so perhaps the govt's…[Read more]

]]> 08899b5f336a5563e359124c7182b5e4 https://www.propertyinvesting.com/topic/4395381-built-in-robes-ikea/#post-4599148 Fri, 13 Feb 2009 21:36:59 +0000 Thanks for the tips everyone.Going to IKEA with measurements to see what we can do. Will checkout that Antonius system Ben. Gather it was cheaper to get the doors from Stegbar.cheers,Carlin

]]> 516bfd68dfcca89f796fac6053d0a323 https://www.propertyinvesting.com/topic/4395225-is-now-the-time-to-buy-2/#post-4598222 Wed, 28 Jan 2009 18:41:07 +0000 I hadn't planned to buy but I did. I saw a bargain, went for it before it got on the market, and got it. Have tenant signed up and we're not even at settlement yet. Rent yield 6.8%. Great location. Plan is to lock in interest rates after the next drop next month. Not sure for how long.The key, as always, is being confident about your research…[Read more]

]]> 261159769fc709ae7be083338081d21e https://www.propertyinvesting.com/topic/4395227-buying-with-a-right-to-early-access/#post-4598289 Mon, 26 Jan 2009 22:53:19 +0000 We've bought two places that we had the condition of access before settlement on. We had no problems at all, and got the work done (cleaning, painting, minor repairs) and tenants moving in day after settlement. Cashflow from day one – we love it!If you don't settle in time you run the risk of vendor benefitting from any work you do, but just need…[Read more]

]]> 355d0b8c22cd6e3e817b577615c46a1f https://www.propertyinvesting.com/topic/4395183-ing-direct-anyone-used-them/#post-4597969 Tue, 20 Jan 2009 09:00:41 +0000 Thanks for that info.When you talk about exit fees are you talking about the fees involved in going off the fixed rate (which I assume is now higher than the variable rate) before the term ends? cheers,Carlin

]]> 12642e284719c8bd0f02eb8c5ad4b1fe https://www.propertyinvesting.com/topic/4395084-quick-query-re-loan-mortgage-insurance/#post-4597536 Sun, 18 Jan 2009 11:32:15 +0000 Hi Cattleya,Lenders (banks or otherwise) can easily track what you're doing, no matter what paths you send your money on. We're being upfront with what we're wanting to do here, with both lender A and lender B. We could stay with lender A and we know we can borrow sufficient funds, but we are trying to get the bulk of the loan from lender B…[Read more]

]]> 7de2c8e33f0d24a7c43a9445651dc6a8 https://www.propertyinvesting.com/topic/4395084-quick-query-re-loan-mortgage-insurance/#post-4597533 Sat, 17 Jan 2009 21:37:15 +0000 Thanks for clarificatin Cattleya.You were very wise to organise the money in advance and have it sitting in your account while you looked for something to buy.Our situation is different – our 'timing and planning' has been lacking! We've already signed a contract – cooling off period is delayed so we have a bit of time (not much) up our…[Read more]

]]> d6d89bb0ca2d5c756808b2b7f8283f89 https://www.propertyinvesting.com/topic/4395156-when-did-properties-boom-in-melbourne/#post-4597837 Sat, 17 Jan 2009 21:22:38 +0000 That was an interesting timeframe analysis.Can anyone do the same for Adelaide?

]]> 407aae2805b894688ed799f7c2c15754 https://www.propertyinvesting.com/topic/4394446-my-first-reno/page/2/#post-4594206 Sat, 17 Jan 2009 21:16:54 +0000 That's a great transformation. Those floors have come up a treat.cheers,Carlin

]]> 20f55969d5a5c1c083bbff2d3cc92f83 https://www.propertyinvesting.com/topic/4395084-quick-query-re-loan-mortgage-insurance/#post-4597531 Fri, 16 Jan 2009 11:58:40 +0000 Hi Cattleya,thanks for sharing your experience.with your personal loan from Citibank for the deposit, I'm assuming you weren't able to claim tax deductions for the interest you paid?If that's the case, then why didn't you take out an interest-only investment loan?By the way, the API edition that explained this loan structure was Feb/Mar 2004 (p64…[Read more]

]]> 6e8e7873346be9e2e91ff04a939c3323 https://www.propertyinvesting.com/topic/4394446-my-first-reno/page/2/#post-4594203 Fri, 16 Jan 2009 11:46:17 +0000 Great to hear from you again Mel.When you get a chance, would love to see some photos – but no rush, cos I know you're working hard.all best,Carlin

]]> 57c20d808d9b231932f61c8a46ee1db1 https://www.propertyinvesting.com/topic/4395084-quick-query-re-loan-mortgage-insurance/#post-4597527 Thu, 08 Jan 2009 22:32:48 +0000  Thanks for the responses.WJ Hooker – what I'm proposing is not uncommon and is something that's recommended by loan experts (there was a whole API article advocating this approach). We're not just looking at it to avoid LMI but also to avoid further cross-sec –  we've allowed current lender to tie us up in knots.We are in a position to easily b…[Read more]

]]> d6ccc683c0522e1c6dda851c0b1de7ce https://www.propertyinvesting.com/topic/4395057-interest-rate-predictions/#post-4597389 Wed, 07 Jan 2009 21:05:00 +0000 Hemingway's one of my favourite authors – thanks for that timely quote. I, too, think the climb back up will be swift – but mine's just a gut feeling.

]]> b1e6ec7724c92e96f120cbd4509db6c7 https://www.propertyinvesting.com/topic/4394947-to-trust-or-not-to-trust-that-is-the-question-4/page/4/#post-4596833 Tue, 06 Jan 2009 22:46:17 +0000 Daniel – the advice you got is the same I got from two accountants a couple of years ago.Terry – Why would you want to give money away to family members beyond your children, just to save tax? I certainly don't want to be supporting "non-working cousins". Can't see how that's using property investing as a means to the good life (holidays et al).…[Read more]

]]> 28f88520bc677423db5c63f7612d6ccf https://www.propertyinvesting.com/topic/4395057-interest-rate-predictions/#post-4597387 Tue, 06 Jan 2009 22:36:21 +0000 In the time I've been involved with IPs (since 97) the best fixed 10 year rate I've seen was 6.99% (not sure what the comparison rate was). Has it ever gone lower?

]]> e855e021c61e9550073f73bd6c3cafe2 https://www.propertyinvesting.com/topic/4394947-to-trust-or-not-to-trust-that-is-the-question-4/page/4/#post-4596824 Thu, 01 Jan 2009 11:48:04 +0000 I'm confused…again!Terry – You say we could reduced CGT on sale of IPs by having them in a trust. But couldn't the same be achieved by super?ie: If I sell an IP that's held in my name just before I turn 60, and then put that money into my super fund (and pay 15% tax), can't I then withdraw it after turning 60 and pay 0% tax?If that's not how it…[Read more]

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