At the moment I am buying a brand new positively geared house close to Melbourne with a 2 year lease and 2x 1 year options to extend the lease. I am confident that this will do very well in the long term. I will be getting a 7.5% return + huge depreciation benefits.[biggrin]
Hi Lake innes,
I think a carefully selected property in Brisbane City or a Brisbane suburb will continue to provide good capital growth and ever increasing rental returns. The rent on my new IP in Northlakes Estate in Mango Hill recently went up $30 after 18 months and it will probably go up another $20 at the expiration of the existing…[Read more]
Remember to include land and water rates, insurance, strata fees, maintenance and property management fees in your yearly outgoings.
The property may have some depreciation benefits, especially if built post 1985.
If the property is newish, you may be able to claim significant depreciation benefits. It is not uncommon for a reasonably new negative geared property with good capital gain and depreciation benefits to end up costing $70pw out of the investors pocket. This is $3640 pa but a $300,000 property that increases in value by an average 8% each year…[Read more]
Basically, you can get what you ask for. With one of my IP’s – I asked a builder for a price on a house that was ready to rent and had landscaping, fencing etc all completed. He gave me a price that I was happy with, he built it, I paid archicentre to inspect it, the bank paid the builder and my tenants moved in shortly after.…[Read more]
A lot of local councils use this discount method for motivating ratepayers to pay rates on time. It works on me, I don’t want to give them any more money than I have to so I always pay my rates on time and get the discount.
I am a little annoyed that they are trying to play psychological games with me, but hey!! if it works and is ethical , I…[Read more]
Here’s another option for you- You could buy a block of land and get a builder to construct a house for you. That way you cut out the middle man and you don’t pay developers margin because you become the developer.
I did it this way in a location not far from Morayfield and on completion the market value of my property was about 40K…[Read more]
Check out my website and look at the information on my reports page. This will give you a good grounding in market research and property cycles. You should be able to find some other information there that will help you. [biggrin]
The first question is “why do you want to sell?” If you want to invest in managed funds or another investment property you could probably access some funds by using the equity that is in your existing IP, without selling and triggering a capital gains event.
If you desperately need the cash in hand you will probably struggle with finding a legal…[Read more]
I have some research tools and useful information on my website if you want to check it out. Have a look at the information on my reports page, I think you will find it interesting.
You are heavily leveraged towards mining towns, so I would cash in on the Isa properties and use the cash as a deposit on a SEQ property. You will lose some cash in capital gains TAX but you could consider offsetting this by prepaying your loan interest on your Kalgoorlie and/or Townsville properties before 30 June next year (if lender allows…[Read more]
There is not much to speak of on the West Coast of Tassie. The are a few nice places on the east coast that might do alright and Hobart and Launceston are reasonable but there are much better investments here on the mainland.
Stay away from Queenstown (TAS) it is the ugliest place I have ever seen.
I doubt that you will find a CFP property in Perth. The yields in Perth are generally VERY low because prices have shot up rapidly and it will take quite a while for rents to catch up. I think Perth is one of the most dangerous places to invest at the moment because it has passed Sydney in the affordability rankings, has low yields and is…[Read more]
First of all I suggest that you find out what information Baycorp Advanatge have on your credit file. They keep the records that lenders access when they check you credit rating. You are able to access to these records as well. Go here to find out more
Accessing this information will allow…[Read more]
I have had an investment unit in Kalgoorlie for about 18 months and it has given me strong captial growth and positive cashflow. It is on a renewable 2 yr lease so I haven’t had any vacancy issues. It is more difficult to get CFP properties now but I believe capital growth will be still strong for a while because of the resource boom. My…[Read more]
I remember reading that Margaret Lomas was investing in Mildura for some reason. I can’t remember why but she’s a fairly savvy investor so there must be something to it.
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