Originally posted by Derek:

Quote:
Originally posted by foundation:
The only real way to measure property growth is to do it on a house by house measurement. And on this note I can quote one of previous properties in Perth which almost tripled in value in the 12 year period 1985 – 1997.

I might add that had we held on for a further six years…[Read more]

Originally posted by foundation:
Another top post as always. I must admit I’m a little surprised only 57% of the suburbs in your survey had achieved the double in 10 years ‘rule’ over the last 10 years.

That there was ‘only’ 57% meeting the 10 years is not a surprise to those who know the Perth market. From memory our ‘flat period’ was a little…[Read more]

Hi Michael,

BITE.

Derek
derekjones1@bigpond.com

Property investment advice and researched property in quality locations available.

Hi Simon,

I picked up the three month minimum issue in the piece you have copied into the thread which I think applies here given the house has been recently constructed.

“but will do so as soon as practicable after it is constructed, repaired or renovated and you will continue to live in it for at least three months”

I understand the no…[Read more]

Originally posted by foundation:
Today’s Myth: House prices double every 10 years on average (equally applies to the ‘double every 7 years’ myth).

Which 10 (or 7) year period are you talking about? Where are the start and end points of the periods of time?

For example: there are 128 suburbs in Perth that have 30 year statistical median price…[Read more]

Hi Dian,

Congratulations on your ‘start’ and may you hang around and add vale to conversations here.

Finally may all your renovations turn to ‘gold’

Derek
derekjones1@bigpond.com

Property investment advice and researched property in quality locations available.

Hi Science,

I do not recommend you purchase something with a guarantee without a great deal of research.

There have been occasions where the gurantee was worthless and provided by a $2 shelf company, instances where you the vendor paid for the guarantee through an inflated purchase price, or the guarantee didn’t relfect the broader market and…[Read more]

Hi Angel,

Give Julia a call at http://www.bantacs.com.au – Julia posts/posted here from time to time and can also be PM’ed.

Derek
derekjones1@bigpond.com

Property investment advice and researched property in quality locations available.

Hi Simon,

Well picked up – first day too.

Derek
derekjones1@bigpond.com

Property investment advice and researched property in quality locations available.

Hi Salla,

The problem may not lie with the banks. When you go over the 80% mark then the lenders mortgage insurance company will (basicall) re-evaluate the loan in light of the risk to them. If they consider they are overexposed they will say ‘no’ – which means the bank cannot cover itself – so they now say ‘no’

There are a whole range of…[Read more]

Hi LifeX,

Stamp duty legislation and rules do vary from state to state. In some states varying the partnership percentages as per you example makes no difference to threshold ‘avoidance’ as each partnership (even though the percentages may be different) will be considered the same.

Other states (and I don’t have the information here) will see…[Read more]

Originally posted by mpgloss:
Can you have your pay and rental incomes paid directly into your offset account, thus reducing the daily loan amount that the compounding interest rate is worked off.

With this method all your every day expenses can be paid via a 45+ interest free credit card and as long as you pay the balance before occuring any…[Read more]

Originally posted by hkr:
I made 3 additional repays(big lump sum payments) temporarily into my IP Loan account. Basically my intention was to reduce my tax deductible loan temporarily as i didnt have any other loans at that moment. But within a month i bought a PPOR and have thus withdrawn these additional repayments in total and put this money…[Read more]

Hi Tiny,

Problems come and problems go. Many lenders seem to have a period when they are very very good and then at other times they can be very very bad.

I would suggest that you get in touch with a broker who can source a lender who suits your current situation and can also factor into the discussion your future plans. This will help you get…[Read more]

Hi all,

I am editing and locking this thread – the orginal poster is first timer, who supposedly owns a number of properties and is asking how to sell them. Yeh sure!

Derek
derekjones1@bigpond.com

Property investment advice and researched property in quality locations available.

Hi Ty,

Anything that is an improvement is only depreciable – it is not claimable as a repair. Whereas something that constitutes a repair can be claimed in the year in which the work took place.

Derek
derekjones1@bigpond.com

Property investment advice and researched property in quality locations available.

Hi Ty,

For a full guide – try this link.

http://www.ato.gov.au/individuals/content.asp?doc=/content/42782.htm

Derek
derekjones1@bigpond.com

Property investment advice and researched property in quality locations available.

Hi Donkey,

The density Code numbers approximately relate to the maximum number of dwelling units permitted on 1 hectare of land. E.g. R15, R20, R40, R100 etc.

From this website
http://www.melville.wa.gov.au/service_areas/planning_and_building/planning_and_building.htm#rcodes

Some…[Read more]

Hi Snapper,

API has, from time to time, a map of city areas showing rental returns. Last release was December 2004.

Derek
derekjones1@bigpond.com

Property investment advice and researched property in quality locations available.

Hi Giddo,

Are you saying you aim to have $300K when you retire? Or that you can access $300K now to further your retirement plans.

Don’t forget that you can (if you wish) add any spare equity into your calculations when you calculate your leveraging capacity.

Derek
derekjones1@bigpond.com

Property investment advice and researched property in…[Read more]