Glen_B wrote:
I wasnt going to touch the equity as i was told that using my personal funds is a better option. Thanks again.

Listen to someone else!!!!  (like Jamie).You can save about $1000 a year by NOT using your cash..

http://www.depreciator.com.au   They have done all of mine. Very professional.  good price. I use Scott.

The thing is, the average punter is looking for the next "big thing". So when you read in API that a certain area is about to boom it's a self fulfilling prophecy because all the punters run there to buy property. Fact is though that those who know what they're doing have already bought there and the sudden rush is great for them. But it doesn't…[Read more]

Do you mean timing the market? As in when demand is high? Yes of course you need demand. If there are no buyers you can't sell it. But if you buy low, do a great reno at a great price you'll sell it because you have the margin to sell at a good price. It's all about the numbers. You need to know everything about your area and that includes knowing…[Read more]

Yes I'm a subscriber. I have seen it a few times lately. I haven't gone back to check whether it was listed later though. Next time I see one I'll check back later to see if it's listed then.

Yes but then all those things will drive your buy price up. There are courses that charge thousands to give you all the checklists etc to help you pick areas. It comes down to picking 1-2 suburbs and knowing them like the back of your hand. Know your end price and reno costs. That will give you your buy price. Unfortunately there is big…[Read more]

It is becoming more common that RE agents don't list the sale price. You can ask them not to list it anywhere. If it's not listed then it can't be found. RP data can only record figures they know about. I've seen a few lately listed as sold but with a $0 sales figure.

RPdata may have it. Ask someone with access- me, broker, RE agent.

No. It goes on who owns the property ie who is on the title (contract). Make sure you consider the long term and not just the yearly claims. When/if you sell the CGT will be all on your income.

Sorry to say, but this is a common occurrence. And you'll find there are others n your position so there will no doubt be a few hitting the market. sorry I can't be of help.

Fair enough points but they are cont committing just 20% (well in cash yes) but they are committing to a loan of more than that. Plus stamp duty. Risk is worth something. They are taking all the risk until the properties are built. If you don't carry through or if the land cannot be subdivided they are the ones that are committed to a large…[Read more]

You are at the mercy of council. First check is to see if council allows subdivisions. Some will not allow separate title.  There may be too many subdivisions in the street (car parking issues). Drainage.I don't know all the reasons, I just know you can't assume a block is sub-dividable because it is big. I went to a seminar once and they said…[Read more]

I'd say 50/50 if the others are taking out the loan (+ interest). Is it approved? If I was your friend I would want to have that in writing before I committed. Profit $280 minus holding costs $30, stamp duty $10 landscaping etc $10 = $230 – CGT = real profit divided between partners.

Do you "know" they can be subdivided or are you assuming they can because they are the right size? I've seen people get burnt paying extra because of subdivision potential only to find it can't be done. There are more things that can stand in the way than just easements. That's why the ads always state "STCA".

Where did you get the offer price? What is it worth? Are you willing to go to that price? What discussions have you had with the agent? eg does he know you have more money? Did he suggest signing a contract knowing the vendor would not accept your bid? If it was such a low offer did he not tell you you'd have no chance? In NSW the agent must…[Read more]

Catalyst wrote:

Kristin Simondson PBRE wrote:
A usually overlooked option – serviced apartments. They can offer fantastic yields, secure tenants, little to no outgoings (depending on the lease structure) and I've seen some great ones in Melbourne over the past year for under $160,000The down side – very little CG, can be difficult to get…[Read more]

Kristin Simondson PBRE wrote:
A usually overlooked option – serviced apartments. They can offer fantastic yields, secure tenants, little to no outgoings (depending on the lease structure) and I've seen some great ones in Melbourne over the past year for under $160,000The down side – very little CG, can be difficult to get finance from some…[Read more]

The tenant needs to contact the Body Corp of the units. It's not your problem. Tell your agent to pass the body corp details to the tenant.

If you don't know what it's worth I would suggest doing more research until you know. Don't just go by what someone tells you. Look on Realestate.com. Search for what's out there. Look at some, compare. Do you know the different areas, streets etc. Prices can vary for a similar place just because it's in a better street. I know I wouldn't risk…[Read more]

The outside of the house in Case 2 is Hog Bristle. Mine is Hog Bristle on the outside. Hog Bristle quarter for the trims. Colours look lighter when outside.For inside use Hog Bristle quarter. I use Warm Neutral as a feature wall in the lounge (and sometimes in the master bedroom). I find it warm and inviting (so do the tenants). My places usually…[Read more]