PropertyInvesting.com | CHIS | Activity https://www.propertyinvesting.com/members/chis/activity/ Activity feed for CHIS. Sun, 12 Apr 2026 16:50:54 +0000 https://buddypress.org/?v=2.8.1 en-US 30 hourly 2 2b4f4368f209b07ed9ba174af3b2d5c8 CHIS replied to the topic Can reno's make money or does stamp duty negate any gains? in the forum Help Needed! https://www.propertyinvesting.com/topic/4394606-can-renos-make-money-or-does-stamp-duty-negate-any-gains/#post-4595009 Fri, 31 Oct 2008 12:49:20 +0000 reno's are pus and pain. Unless you buy a house for less than market value forget about it

]]> c8da83e5d1ef7ded9ed22eb6ec13fe2d CHIS replied to the topic Owner Builder VS Project Home in the forum Help Needed! https://www.propertyinvesting.com/topic/4394618-owner-builder-vs-project-home/#post-4595088 Fri, 31 Oct 2008 12:46:08 +0000 The project builders would have it finished quicker. They help you with council and speed the red tape along. It will save you lots in rent and you should get a good finished product. If you have time on your side and are happy to take 2-3 times as long to build the house then you could save yourself $20-$30K

]]> 6573976761dec5889f8754bb07972bb7 CHIS replied to the topic NEW FHOG INFLATES PRICES in the forum Help Needed! https://www.propertyinvesting.com/topic/4394571-new-fhog-inflates-prices/#post-4594847 Mon, 27 Oct 2008 14:53:09 +0000 Trying to pick the bottom of the market is difficult. It isn't going down where I am. Prices have fallen over the last year by 5-10% but people are buying houses again. Waiting for property to come down in value may be overly optimistic. I remember in 1983 in the recession we had to have that people were expecting prices to plummet. Let history…[Read more]

]]> 552c36b9888db4ed263fd8ba16b68be4 CHIS replied to the topic NEW FHOG INFLATES PRICES in the forum Help Needed! https://www.propertyinvesting.com/topic/4394571-new-fhog-inflates-prices/#post-4594845 Mon, 27 Oct 2008 12:25:12 +0000 Get into it1st homebuyers have never had it so good.No stamp duty less than $500K21K for a brand new home. 14K for your first home. I wish I'd had this opportunity when I bought my first home. This candy won't last. It's expected to be removed in June 2009. If you don't take this opportunity you're crazy. Rent and wait is crazy if you can afford…[Read more]

]]> 6c8ce2cf21b070e40dfb7a3f6331634b CHIS replied to the topic PLEASE HELP DO I HOLD OR SELL in the forum Help Needed! https://www.propertyinvesting.com/topic/4394526-please-help-do-i-hold-or-sell/#post-4594650 Mon, 20 Oct 2008 12:38:20 +0000 There is lots of negativity around property at the momentMost of the richest people in the world made it in property. Property is always a good investment (always a few exceptions of course)Property should be viewed as a long term investment. If you can afford to cover the repayments if you have no tenant you're OK.  Could you afford 12% interest…[Read more]

]]> a77f9386871ac1c8ab1f0951d1ef90a3 CHIS replied to the topic Seminars - a waste of time! in the forum Help Needed! https://www.propertyinvesting.com/topic/4394521-seminars-a-waste-of-time-2/#post-4594642 Mon, 20 Oct 2008 12:26:45 +0000 The only people getting rich from these sermons are the people running them. However, I think all information is useful. Everybody has different circumstances and attitudes to risk. Not everything will work for you personally. It is however useful to study other peoples success and how they made their fortunes. It's a bad day goes past when you…[Read more]

]]> c9f8892ad38655dcf324c400c0db8ade CHIS replied to the topic Rents going up.... Rates going down... in the forum Help Needed! https://www.propertyinvesting.com/topic/4394395-rents-going-up-rates-going-down/#post-4593849 Thu, 16 Oct 2008 13:11:47 +0000 You don't go bankrupt if you can afford to pay the mortgage. If you can afford the debts you have, it will only get easier as interest rates go down. If values go down, you only make a loss if you sell. Hang in there. The wheel turns around. Property will eventually go back up. There is no denying a recent downturn but you only lose if you panic…[Read more]

]]> 5824070ab1ea6889ef5bd18a509fed89 CHIS replied to the topic Job Hunt in Property Development Industry in the forum Help Needed! https://www.propertyinvesting.com/topic/4394453-job-hunt-in-property-development-industry/#post-4594273 Tue, 14 Oct 2008 11:42:42 +0000 You will be rejected many times. Don't let it bother you. Keep sending resumes and doing follow up calls. If they are impressed they will file your details for when a position is available. It's like cold calling. You will get 999 rejections for every 1000 calls. Don't take it personally. Build a bridge and keep going

]]> 20d9b273fc12a18c369927d20405ad43 CHIS replied to the topic Next Move Whats Your View in the forum Help Needed! https://www.propertyinvesting.com/topic/4394450-next-move-whats-your-view/#post-4594261 Tue, 14 Oct 2008 11:37:15 +0000 1.You could sell both properties and buy your PPOR and owe little or nothing depending how much CGT you have to pay and how much you spend on your own house. With the equity of your own home you could buy one or two properties to negative gear and have only "good debt". It depends on how badly you want your own castle.2. One property is +ve geared…[Read more]

]]> 6e3f9b6535abb834809e696122c2bf60 CHIS replied to the topic Job Hunt in Property Development Industry in the forum Help Needed! https://www.propertyinvesting.com/topic/4394453-job-hunt-in-property-development-industry/#post-4594271 Tue, 14 Oct 2008 11:23:41 +0000 A knowledge of the industry helps. Read as much as you can about what it is you want to do. Research famous people to see how they got started and what made them. The squeaky door gets the oil. Send potential employers resumes. Ring them up a week later to see if they got it. Keep annoying them until they at least take the time to interview you.…[Read more]

]]> ea5dd7066103ace72f7e73f99dea2046 CHIS replied to the topic Time to invest? in the forum Help Needed! https://www.propertyinvesting.com/topic/4394392-time-to-invest/page/3/#post-4593833 Tue, 14 Oct 2008 11:18:32 +0000 Time in the market is more important than market timing. If the right deal comes along, get into it. Haggle a bit off the asking price. Go to auctions. Research foreclosures in the areas you are interested in. Get into property. Australia's richest people have no regrets

]]> 933a78320a51fda5e418043f04bdd178 CHIS replied to the topic TO KEEP OR TO SELL in the forum Help Needed! https://www.propertyinvesting.com/topic/4394447-to-keep-or-to-sell/#post-4594228 Tue, 14 Oct 2008 11:15:30 +0000 What are your building costs?What are the earthwork costs?What are the demolition costs?What are the subdivion/strata title costs (if any)?What do you owe?What do you estimate the value of the buildings will be worth if the market drops 5%? ditto 10%? Does the value post construction put you in front following the costs that will be required to…[Read more]

]]> c9229c00d8e08877dcd5ccfd6491253b CHIS replied to the topic $430k to $375k drop - please help in the forum Help Needed! https://www.propertyinvesting.com/topic/4394435-430k-to-375k-drop-please-help/#post-4594117 Mon, 13 Oct 2008 11:42:17 +0000 hbbehrendorff wrote:
But how is that possible ? Property only goes up…My advice,  Chill out for another 2 years,  Get some more equity,  Upgrade your 6.0 SS to a 4.0 Typhoon, Buy a jetski and think about how rich you will be in 2010 because property doubles every 7-10 years Thats means your property will now be worth $860 000 then in 2017 it…[Read more]

]]> 2fd6d5a4616c986a21daf47232f5211f CHIS replied to the topic $430k to $375k drop - please help in the forum Help Needed! https://www.propertyinvesting.com/topic/4394435-430k-to-375k-drop-please-help/#post-4594108 Sun, 12 Oct 2008 12:00:10 +0000 If you need to sell drop the price. If the repayments aren't killing you, hang in there at $370. Can you do anything to make it more desirable? Sell the dream. A bit of bling. A bit of paint? Rent/borrow some classy furniture. Some nice wall hangings. Make it look like a display home. If you have tenants get rid of them. Some tenants that don't…[Read more]

]]> d765177dfceb802675e9f0e14351037c CHIS replied to the topic Are people still investing in such hard times in the forum Help Needed! https://www.propertyinvesting.com/topic/4394429-are-people-still-investing-in-such-hard-times/#post-4594080 Sun, 12 Oct 2008 08:38:05 +0000 Attitude to risk is the answerThe conservative approach is to hold cash and wait at the moment.There is some bargains in the share marketThere are some bargains in the property market. Many people turn to property in these times and with falling interest rates, it may get even better.Location, location, location

]]> eb8ad502277c0630080b63d7545b3cc7 CHIS replied to the topic Time to invest? in the forum Help Needed! https://www.propertyinvesting.com/topic/4394392-time-to-invest/page/2/#post-4593830 Sun, 12 Oct 2008 08:34:19 +0000 In Perth there is a crane shortage in the CBD due to the building boom.What recession?Interest rates are fallingThe share market is probably about to bottom outInvesting is always risky but with falling prices and interest rates, it hasn't been this good for years……..if you take a medium to long term look. Certainly not a great time for flips…[Read more]

]]> d36f91389d322aa59353febc3643fd09 CHIS replied to the topic The truth about the Australian housing market. in the forum Help Needed! https://www.propertyinvesting.com/topic/4393215-the-truth-about-the-australian-housing-market/page/2/#post-4587497 Thu, 09 Oct 2008 16:18:11 +0000 The RBA knows what's going onKevin Rudd has no clue…………one term wonder. He may graduate from sock puppet to muppet in this turmoil. It's embarrassing watching him on TV.1% reduction was to stop us plunging into recession.

]]> 82968606458a6266e924ceb13d2cf6bd CHIS replied to the topic The truth about the Australian housing market. in the forum Help Needed! https://www.propertyinvesting.com/topic/4393215-the-truth-about-the-australian-housing-market/#post-4587489 Thu, 09 Oct 2008 11:15:43 +0000 So that millions of people don't start defaulting on the loans?The main reason is so that banks can do business with each other. When the money dries up between banks, the economy stops dead

]]> 0b95df86c44c4e1e5350c9f7e29b0137 CHIS replied to the topic Bird Doggin in the forum Help Needed! https://www.propertyinvesting.com/topic/4394404-bird-doggin/#post-4593981 Thu, 09 Oct 2008 11:12:34 +0000 The internet is global/national and local.Most small business cater to one postcode. The internet brings the world to you. Your market is potentially billions.Only you know how good your product is. I would suggest you get a professional website building company to build the site for you. Sit down and have a long think about what you want. Explore…[Read more]

]]> 7c07f17689b39489c13a95d66df65434 CHIS replied to the topic Am feeling a bit panicked and need some advice to steady my nerves in the forum Help Needed! https://www.propertyinvesting.com/topic/4394388-am-feeling-a-bit-panicked-and-need-some-advice-to-steady-my-nerves/page/3/#post-4593784 Wed, 08 Oct 2008 12:42:16 +0000 Scamp wrote:

CHIS wrote:
Other countries in the world are on a totally different economic cycle to America. America sent itself broke on needless wars and ridiculous lending to sub primers.Russia is boomingAsia is boomingAustralia is booming

oh.. wait a minute. Russia is booming : Is that why they stopped trade on the sharemarkets twice…[Read more]

]]> 6afd7f6a502926297e56018e8ec370be CHIS replied to the topic Time to invest? in the forum Help Needed! https://www.propertyinvesting.com/topic/4394392-time-to-invest/page/2/#post-4593816 Wed, 08 Oct 2008 12:37:15 +0000 Badgers_R_Us wrote:

CHIS wrote:
I wish I was smarter

Perhaps those that take your advice might also end up wishing this was so!

I'm doing alright in life. This is a forum for general discussion. I don't expect anybody to take my advice and I really couldn't give a shit what you think either. Personal insults on a general forum are for the c…[Read more]

]]> dba79ad38547cce91147947a8f743706 CHIS replied to the topic Bird Doggin in the forum Help Needed! https://www.propertyinvesting.com/topic/4394404-bird-doggin/#post-4593979 Wed, 08 Oct 2008 11:12:14 +0000 Start your own businessBuild a websiteWork from homeKick @rse. Good luck

]]> 8be326e1dff9dac3af805653c0ee4c83 CHIS replied to the topic Am feeling a bit panicked and need some advice to steady my nerves in the forum Help Needed! https://www.propertyinvesting.com/topic/4394388-am-feeling-a-bit-panicked-and-need-some-advice-to-steady-my-nerves/page/3/#post-4593781 Wed, 08 Oct 2008 11:09:48 +0000 Other countries in the world are on a totally different economic cycle to America. America sent itself broke on needless wars and ridiculous lending to sub primers.Russia is boomingAsia is boomingAustralia is boomingEverybody shed a tear for the yanks and move on. It's their mess, let them worry about it

]]> f6207e4342091a62fc719f2dc5da545b CHIS replied to the topic Time to invest? in the forum Help Needed! https://www.propertyinvesting.com/topic/4394392-time-to-invest/page/2/#post-4593814 Wed, 08 Oct 2008 10:57:24 +0000 Badgers_R_Us wrote:

CHIS wrote:
It's the time of championsThis is the market to make money

Scamp wrote:
Stay out of the property market at all costs. Getting in now will ruin you for life. End of story.

There is no right or wrong time to invest because the right time can only be based upon your own specific circumstances.  At the moment…[Read more]

]]> ccb1bf68d473776b3ce863e92fe7467c CHIS replied to the topic Time to invest? in the forum Help Needed! https://www.propertyinvesting.com/topic/4394392-time-to-invest/page/2/#post-4593812 Wed, 08 Oct 2008 10:43:28 +0000 Property isn't the only way to make money.I see your point, however falling house prices and plummeting interest rates are the time to get into the property market. Positive cashflow deals are everywhere again. You can haggle people down as well. Go hard, pick the right deals and think positive cashflow deals. Negative gearing is no use to you but…[Read more]

]]> 7d1a669a50ebbe725ccd4c03e4acaa6a CHIS replied to the topic land in the country in the forum Help Needed! https://www.propertyinvesting.com/topic/4394403-land-in-the-country/#post-4593975 Wed, 08 Oct 2008 06:22:55 +0000 Avoid blocks of land like the plagueBuilding is expensive. It is now cheaper to buy a house than build itA block of land provides you with absolutely no tax breaks. It doesn't pay you rent. They are very hard to offload if you get into trouble.Bricks and mortar. The time is nigh

]]> 6aa1a192195fb908e31f7288a9649395 CHIS replied to the topic Time to invest? in the forum Help Needed! https://www.propertyinvesting.com/topic/4394392-time-to-invest/#post-4593806 Wed, 08 Oct 2008 06:20:46 +0000 It's the time of championsThis is the market to make money

]]> 1ea7c8d7d63c9308fd2b6e13365c1c8f CHIS replied to the topic Time to invest? in the forum Help Needed! https://www.propertyinvesting.com/topic/4394392-time-to-invest/#post-4593805 Wed, 08 Oct 2008 06:17:41 +0000 Scamp wrote:

CHIS wrote:
Australia has mass immigration. All our capital cities have urban sprawl. WA is being bulldozed for housing. House prices will not plummet because their isn't enough of them. It isn't America. Interest rates came down 1% today. The sooner you get into property the sooner your life gets going. The sheep are scared. The…[Read more]

]]> e0fa0f58c03b2c5e85aaea549745afc2 CHIS replied to the topic Am feeling a bit panicked and need some advice to steady my nerves in the forum Help Needed! https://www.propertyinvesting.com/topic/4394388-am-feeling-a-bit-panicked-and-need-some-advice-to-steady-my-nerves/page/2/#post-4593771 Tue, 07 Oct 2008 15:21:57 +0000 Scamp, you sure are a panic merchant. What's it like living in fear? Man up

]]> 04dbe24af27971a4a875cbd6e872ea99 CHIS replied to the topic To build or not to build in the forum Help Needed! https://www.propertyinvesting.com/topic/4394398-to-build-or-not-to-build-3/#post-4593868 Tue, 07 Oct 2008 12:09:09 +0000 It depends on your attitude to risk. It is expensive to build and the costs are increasing. Values may decrease a little. You may end up with negative equity. However, if you've done your numbers properly, you will be in front. Building projects have a habit of blowing out. There will be unexpected costs, delays and frustrations with subdivion.…[Read more]

]]> c85fc0e05618fd467458f84253fa909c CHIS replied to the topic Am feeling a bit panicked and need some advice to steady my nerves in the forum Help Needed! https://www.propertyinvesting.com/topic/4394388-am-feeling-a-bit-panicked-and-need-some-advice-to-steady-my-nerves/page/2/#post-4593768 Tue, 07 Oct 2008 12:02:32 +0000 Most of our big commodity markets are in Asia in countries such as China. BHP, RIO TINTO etc are strong and very profitable companies. They are great investments at the moment. The share market reflects human panic. Profitable companies aren't going to go belly up. When people panic in the share market, they invest in real estate. Bricks and…[Read more]

]]> 47b958ea0b3c42a0e123102c80f62f87 CHIS replied to the topic Time to invest? in the forum Help Needed! https://www.propertyinvesting.com/topic/4394392-time-to-invest/#post-4593797 Tue, 07 Oct 2008 11:33:44 +0000 Australia has mass immigration. All our capital cities have urban sprawl. WA is being bulldozed for housing. House prices will not plummet because their isn't enough of them. It isn't America. Interest rates came down 1% today. The sooner you get into property the sooner your life gets going. The sheep are scared. The Lions are feeding.

]]> e4f41ff91879b02274cab5b85e75836b CHIS replied to the topic Time to invest? in the forum Help Needed! https://www.propertyinvesting.com/topic/4394392-time-to-invest/#post-4593792 Mon, 06 Oct 2008 12:58:29 +0000 Take the grant. Get into the market. The best time to buy real estate was yesterday and the worst is tomorrow. It has been this way since the beginning of time. House prices may come down a little but when it costs over $400K for a modest house and land package, houses aren't going to plummet. There is plenty of doom and gloom. My belief is that…[Read more]

]]> 99bfef153ce97795bae07121e11d4033 CHIS replied to the topic Am feeling a bit panicked and need some advice to steady my nerves in the forum Help Needed! https://www.propertyinvesting.com/topic/4394388-am-feeling-a-bit-panicked-and-need-some-advice-to-steady-my-nerves/#post-4593743 Mon, 06 Oct 2008 12:45:07 +0000 If you think the property is realistically worth $550-570K in the current market and you owe $530, try selling for for $545. That will help you cover real estate fees at sale and you may break even. If it's hurting you, get rid of it. Save the cash and look for a better investment where you can fully gear your husbands income. It sounds like…[Read more]

]]> 30b3a67122c4c2e1cdf51698057309c4 CHIS replied to the topic Am feeling a bit panicked and need some advice to steady my nerves in the forum Help Needed! https://www.propertyinvesting.com/topic/4394388-am-feeling-a-bit-panicked-and-need-some-advice-to-steady-my-nerves/#post-4593738 Mon, 06 Oct 2008 06:19:54 +0000 How much do you owe? How much could you sell it for (be realistic and price to sell) ?What is your income or more specifically, how much do you give to the ATO every month if you get rid of the one property?Since you only have one property, it is likely that you can hold it if you are negative gearing. The rural house isn't killing you by the…[Read more]

]]> 5cdcde886ed9964c9ddba909117a3f44 CHIS replied to the topic Mentor for Perth/WA in the forum Help Needed! https://www.propertyinvesting.com/topic/4394348-mentor-for-perthwa/#post-4593455 Sun, 05 Oct 2008 08:28:04 +0000 I like your reading list so we are like minded. I am happy to bounce some ideas around on the forum. I am no millionaire so I'm no mentor. I invest in business. Business generates cashflow. Cash is king at the moment. The shares and property market has taken a bath. The folly of negative gearing has been exposed. Negative gearing may not be any…[Read more]

]]> e18f9a0457f395797dafc3de54f4e88c CHIS replied to the topic Help buying my first home?! in the forum Help Needed! https://www.propertyinvesting.com/topic/4394357-help-buying-my-first-home/#post-4593579 Thu, 02 Oct 2008 14:11:08 +0000 If you don't plan to live in it, don't get precious about it. It sounds like the house will become an investment property. If that is the case, go for as new a house as possible to maximise depreciation. If you can afford anything close to the CBD you will be able to get a good rent for it. The suburb is your choice of course. Scarborough is…[Read more]

]]> 87ae2ee20e34d90a8e4a453008006bbb CHIS replied to the topic Any advice - for or against "off-the-plan" properties for investment ? in the forum Help Needed! https://www.propertyinvesting.com/topic/4394343-any-advice-for-or-against-off-the-plan-properties-for-investment/#post-4593434 Wed, 01 Oct 2008 12:32:48 +0000 New houses are definitely the best for depreciation. The best ones are only a few years old or brand new is the key. As the house ages you get less and less you can depreciate.Off the plan is not necessarily a bad thing. Consider the area. Is there a high rental vacancy? You will need a tenant. What is the area like? You will need a tenant that…[Read more]

]]> d5525e100178da3f21afda7c676932e5 CHIS replied to the topic FIRST HOME BUYER!!! NO MORE MOMIES BOY! in the forum Help Needed! https://www.propertyinvesting.com/topic/4394346-first-home-buyer-no-more-momies-boy/#post-4593446 Wed, 01 Oct 2008 12:21:36 +0000 Here's an idea Benny. A young professional like yourself probably knows heaps of young single people. They don't want to live at home but can't buy their own home. This is a scenario where someone with balls and clarity of vision can get ahead.Buy a  house. Get  lodgers in at $100 a week for example and use their lodgings to help pay the m…[Read more]

]]> 7e24b31c78099a45cebe90a737a2ef27 CHIS replied to the topic Mentor for Perth/WA in the forum Help Needed! https://www.propertyinvesting.com/topic/4394348-mentor-for-perthwa/#post-4593453 Wed, 01 Oct 2008 12:10:50 +0000 Good luck with your search. You are reading the right books. Keep reading and re reading them.  It is easy to get frustrated. Positive cashflow properties are hard to find but as the property market falls they may become a reality again. Long term negative gearing investments probably don't make sense at the moment.There are a few threads on here…[Read more]

]]> 64f6f1353f15a8944c8c1a0099cfa5f6 CHIS replied to the topic Baby boomer RE glut in the forum Help Needed! https://www.propertyinvesting.com/topic/4394143-baby-boomer-re-glut/#post-4592483 Mon, 08 Sep 2008 12:08:06 +0000 Thankyou comrade StalinI share your frustrations with politicians however, in order for a society to function, someone has to make rules to abide by so we can all get along. There has to be ways of negotiating disagreements as we don't all believe the same things or share the same visions. Someone also has to build roads, public utilities,…[Read more]

]]> 9da259569891115e2b3ce3d7994783a6 CHIS replied to the topic Baby boomer RE glut in the forum Help Needed! https://www.propertyinvesting.com/topic/4394143-baby-boomer-re-glut/#post-4592474 Wed, 03 Sep 2008 12:51:28 +0000 If it costs roughly $200K to build a basic 3-4 bedroom home and anything from $150-$200K for a small suburban block, can houses really fall below the cost of building them? I expect 5-10% is certainly possible but can they really halve in price? I suppose if the cost of the land itself decreases this is possible.I have been to a few property…[Read more]

]]> 49e45c14b8e83e646a52a62e6a323e4d CHIS started the topic Dirt to investment property and negative gearing in the forum Help Needed! https://www.propertyinvesting.com/topic/4394024-dirt-to-investment-property-and-negative-gearing/ Mon, 18 Aug 2008 11:02:00 +0000 If you buy a block of land with the specific intention of building an investment property to rent out and negative gear, at what point can you start claiming deductions? Do you have to have a completed house and a tenant or can you start when you have nothing but dirt?

]]> f2a96cd8fd4554df159d0635569d1b2a CHIS replied to the topic How to find out whether subdivision is allowed in the forum Help Needed! https://www.propertyinvesting.com/topic/4393823-how-to-find-out-whether-subdivision-is-allowed/#post-4590843 Wed, 23 Jul 2008 10:57:18 +0000 Subdivision can still be lucrative despite up front costs. You need to do research on what you can sell the land parcels for as the final product. Is it worth the pus and pain? If you will make a motza, go for it

]]> d2341bf99b8f6bc37e5122e922861459 CHIS replied to the topic How would you answer these questions from Steve??? in the forum Help Needed! https://www.propertyinvesting.com/topic/4393819-how-would-you-answer-these-questions-from-steve/#post-4590834 Wed, 23 Jul 2008 10:54:19 +0000 1. Sell properties/assets that were unlikely to experience growth in value. I would probably offload them prior to interest rates getting this high. Monitoring the economy is important. If you are positively geared, you may be OK anyway. Increase the rent2. Hold. A decrease in value is only a problem if you need to sell3. Interesting. I would…[Read more]

]]> dbd01b666aa04338a16db86f009df75d CHIS replied to the topic Blocks of land in the forum Help Needed! https://www.propertyinvesting.com/topic/4393804-blocks-of-land/#post-4590747 Mon, 21 Jul 2008 13:49:25 +0000 I guess it is really a long term investment. It isn't an asset as it takes money out of my pocket. It's the opportunity cost of what else I could do with the money. I checked on one of those interest calculators. I will pay about $700K in interest. It's cheaper to go for a holiday there a few times a year.I personally believe there would be some…[Read more]

]]> 5b7a5e6a5d9a88e069c30ab86cf6a60c CHIS replied to the topic Blocks of land in the forum Help Needed! https://www.propertyinvesting.com/topic/4393804-blocks-of-land/#post-4590743 Mon, 21 Jul 2008 12:10:09 +0000 I like the analogy with the hole. I think it would be smart to stop digging. It's a shitter when you like the real estate

]]> 46f07b6a9a12fa30aac79e5c48ff73ad CHIS replied to the topic Perth Property Market in the forum General Property https://www.propertyinvesting.com/topic/4393797-perth-property-market/#post-4590715 Mon, 21 Jul 2008 10:51:33 +0000 My guess is that Perth has had its boom. With the downturn in the economy and high interest rates, the Perth property market will flatline or recede slightly (10-15%?) over the next couple of years. Pure speculation but that seems to be the general consensus

]]> 9cf9fb33facdff75338d037b7a1b48e1 CHIS replied to the topic Question for accountants in the forum Help Needed! https://www.propertyinvesting.com/topic/4393801-question-for-accountants/#post-4590729 Mon, 21 Jul 2008 10:26:28 +0000 Qlds007 wrote:
Depending on the numbers might be a case for considering selling your existing PPOR into a Trust structure and borrowing 100% of the current valuation and then using the entire net amount raised for your new PPOR.Because the purpose of the loan is for investment 100% of the interest is deductible. Depending on the purchase price…[Read more]

]]> 8dd82fef8d3943ef7c4595cb0d451a75 CHIS replied to the topic Question for accountants in the forum Help Needed! https://www.propertyinvesting.com/topic/4393801-question-for-accountants/#post-4590728 Mon, 21 Jul 2008 10:23:39 +0000 Edvico_kvn wrote:
Hi Chis,The Tax Legislation looks at the "purpose" of the loan taken out. Because you will be drawing out a loan for the purpose of purchasing your "home" (and not to purchase/renovate an investment property), the interest on this loan wil not be tax deductible.Your rent will be considered income and you will be positively…[Read more]

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