Move on!

Derek
derekjones1@bigpond.com

Property Investment Support Available.

I have a 3 bed unit in Rockingham (over the road from Rockingham City Shopping Centre) and it has increase in value by 50% in the last 18 months.

Just waiting for my tenant to move out so we can repaint etc and add considerably to the current rental return.

As for expected growth in the next 12 months – who knows but I would suggest that if you…[Read more]

Originally posted by gazzasliquor:
Yes, property in question bought prior to 1985. Will take all sugestions on board…now to find the properties….cheers.

Hi Gazza,

This is critical – this particular property is CGT free while it remains in your hands. To sell it now is, in my opinion, shortsighted.

By far and away you are considerably…[Read more]

Originally posted by gazzasliquor:
This property is also Capital Gains Free.

Hi Gaz,

Why is this property CGT free?

If it was bought before 1985 then hang onto it forever and use any equity as ‘deposits’ for subsequent purchases.

If on the other hand it was a PPOR it will only be partially CGT free as you also have another PPOR – if I read…[Read more]

Hi Michael,

You will need Landlords insurance which covers you for many ‘tenant’ issues. This should include contents coverage for the fixtures and fittings in your property.

If the property is free standing you will also need suitable building insurance. If the property is strata titled then the body corporate group will buy the building…[Read more]

Hi Obi,

I have no reason to doubt your stats. I am not interested in the inner city market so I don’t follow it that closely.

From time to time people have come here and said ‘I have bought a Melbourne Apartment – should I sell’. The consensus of most comments in response is along the lines of this article ‘They will have their day and if you…[Read more]

Hi all,

Not an apartment investor myself but thought this little article from today’s ‘Age’ may attract some interest.

http://www.theage.com.au/news/Business/Apartment-market-on-the-way-up/2005/01/09/1105205977323.html

Derek
derekjones1@bigpond.com

Property Investment Support Available.

Hi Ben,

Understand the thinking.

A couple of points that you will need to take onboard.

The ATO is not obliged to approve your application for 15.15 variation to your PAYG tax. They get a little narky if you do complete a 15.15 and then owe them tax at the end of the financial year and will consider not approving any subsequent…[Read more]

It comes down to return on your investment dollars.

Will you get a better percentage return by selling block without house on it or by building and selling/holding with a house on it?

Having said all of that the information given so far is somewhat limited so the responses will be a little superficial too.

For example what are you investment…[Read more]

Hi Brownegaz,

As a general rule of thimb – you won’t find an off the shelf cashflow positive property in Perth at the moment.

You will either need to look further afield or look for something that can be turned into a 10% return.

Derek
derekjones1@bigpond.com

Property Investment Support Available.

Hi Dazzling,

The critical issue for us was how long to retirement and how much to live on when we chose to retire and would we have enough – answer probably yes, but…..

Then bought one property and let matters take their coourse, wife got used to owning a property and could see what it was doing for us. Then another, then another, then another…[Read more]

Hi Simon,

RPDate have a suburb snapshot that gives a lot of the information you require. It costs ~$10 per suburb and is readily available (as is a sample) from realestate.com.au.

domain.com.au also has a free suburb snapshot that covers much of the same information.

Then there are the relevant city/shire council websites, state real estate…[Read more]

Hi Ryan,

I am one for diversifying. Prefer to have my properties spread in proven higher growth areas so that I can enjoy the different cycles as they occur.

But having said that – I am aware some people do prefer to focus their energies into one basket. If this is you just make sure the basket is a good one and doesn’t turn into a basket…[Read more]

HI Mulan,

Recommend you do a search of the forum as the ‘retirement village’ question has come up a few times before.

The search facility is available under the ‘forum boards’ button top left side of the screen.

In a nutshell many lenders will not go to 80% lends – most around 70%. Hence they are a niche market and their growth prospects…[Read more]

Why do it yourself?

I prefer to keep an arm’s length distance from my tenants. Any issues are solved by the PM intermediary.

Having them next door leaves yourself open to all sorts of ‘abuse’ – knock on the door at midnight – hot water is kaput, please fix – not for me.

Derek
derekjones1@bigpond.com

Property Investment Support Available.

Stick to the big ticket items – airconditioning and/or heating as appropriate, security and storage.

Derek
derekjones1@bigpond.com

Property Investment Support Available.

Hi Grubba,

Recommend you canvas as many of the local agents as possible. Bear in mind there may be some types of property that may be more attractive to tenants than others. Depending upon the area the property is located this can be anything from a 4 X 2 house to a single bedroom apartment.

The questions you ask need to be matched with the type…[Read more]

Certainly the stats I see indicate Perth and Brisbane rental market is firming. All we need is for more landlords to take a more proactive stance with their rentals.

Derek
derekjones1@bigpond.com

Property Investment Support Available.

Hi all,

Just adding my little bit – have been ratcheting up the rents on all properties in line with decreasing vacancy rates.

Derek
derekjones1@bigpond.com

Property Investment Support Available.

Originally posted by kinks:
i need an avatar, please fix

Hi Kinks,

If you logon you have the capacity to add an avatar on your user profile. There is a list of options available that allow you to select from.

Derek
derekjones1@bigpond.com

Property Investment Support Available.