When investigating a property for suitability of investment the amount of depreciation available is of secondary consideration. Of more importance is whether or not the property will provide you with the growth or income you desire.

Any tax benefits you can claim should be treated as the icing on the cake and not the reason for the…[Read more]

Originally posted by FireCaesar:
It is listed at $130,000 and the vendor would take $125,500. It is currently rented at $235.00 per week.

As Richmond has already indicated a unit this small is considered high risk by lenders and as such they will not lend at 80% on anything this small. Because of this you will find that more seasoned investors…[Read more]

If you are only selling your home to free up the money for investment you may be better off speaking to a broker who can show you how you may be able to keep you home and also free up some of the equity you have available for other investments.

One of the key advantages you currently have is that your PPOR is CGT free and you do not ‘lose’ money…[Read more]

Originally posted by Chris2004:
Above all remember any loss of income is subsidised (by your appropriate tax rate) by the ATO and as such your end of year out of pocket expenses are not as bad as they seem.

What does this mean?

Hi Chris,

A ‘loss of income’ due to no tenant also reduces your taxable income as a proportion of your costs of…[Read more]

Originally posted by Chris2004:
I have had one IP for the past 11 months but my PPOR is about to become my second in a few month when I move out. I am so scared about this to the point where I’m currently having a drink to calm my nerves, very scary!

Hi Chris,

The main thing to remember is that you shouldn’t be ‘jumping at shadows’ as the…[Read more]

Hi Zen,

Try this https://www.propertyinvesting.com/forum/topic/6845.html

Derek
derekjones1@bigpond.com

Property Investment Support Available. Ongoing and never stopping. PM welcome.

Certainly hang onto these – Innaloo is reasonably close to city, beach, transport and employment oppotunities.

Long term it will be a great investment.

Derek
derekjones1@bigpond.com

Property Investment Support Available. Ongoing and never stopping. PM welcome.

Hi Myydral,

Ditto the previous comments – at this stage use your equity to progress your financial future.

Derek
derekjones1@bigpond.com

Property Investment Support Available. Ongoing and never stopping. PM welcome.

Originally posted by collie:
There are 2 houses for sale in our small town (1400 pop) that is halfway between two large regional centres.

Hi Collie,

Firstly let me welcome you to the forum and I am sure you’ll get diverging opinions about the suitability of these properties as investments but…….

On the face of what you have said and for…[Read more]

Hi Shawn,

The critical message is that postively geared, as per the purest definition, are as rare as hens teeth in Perth.

Sure, it may be possible to ‘manufacture’ then but in the main we are at the wrong stage of rental & growth cycles for them to fall out of trees.

Derek
derekjones1@bigpond.com

Property Investment Support Available.…[Read more]

Originally posted by crj:
Maybe you should spend a few hundred and get a valuation done so whatever agent you use you’ve got the facts.

You can also go to the WA Valuer General’s Office and for around $50 get details on recent past sales in the suburb.

Valuers largely use this information, a blindfold and dart board, some ‘educated’ research…[Read more]

Originally posted by waprincess:
I met a real estate agent whom I liked and asked her if she would like to sell the house only when she came to view the house she brought a partner, a real slick salesman kind of guy they then spent the next ten minutes playing good cop bad cop with me during which the guy asked me if I wouldn’t mind selling the…[Read more]

Originally posted by Ambo72:
Get rostered on to work Christmas Eve, Christms Day, Boxing Day, New Years Eve and New Years Day.

Ian [angry2]

Hi Ian,

Upset the boss did we?[bigeyes]

Derek
derekjones1@bigpond.com

Property Investment Support Available. Ongoing and never stopping. PM welcome.

Hi myoung,

Asbestos roof sheeting is the ‘sleeper’ in the asbestos debate. It suffers the most weathering and as such is most likely to be degraded to such an extent that the fibres are released into the atmosphere. The effects of the sun, rain, wind and hail lead to the breakdown of sealants and as such fibres can be released into the…[Read more]

Hi Booboo,

Rental increases of that magnitude would be dependent upon the rental market being very, very tight.

While there has been some tightening in some of the major markets around OZ as a result of the reduced affordability of homes it hasn’t been to the extent you believe.

Don’t forget the rental market is ‘controlled’ by large numbers of…[Read more]

Hi Micasa,

It sounds as if you are paying P & I on your investment loans. Based on this assumption I belive you would be better off converting some or all of your investment to interest only, especially while you still have some non-deductible debt.

After your home is paid off then reconsider your options.

In addition you may want to consider a…[Read more]

https://www.propertyinvesting.com/forum/topic/14222.html

Derek
derekjones1@bigpond.com

Property Investment Support Available. Ongoing and never stopping. PM welcome.

Hi Lisa,

Recommend you do a search on ‘Kalgoorlie’ as there have been numerous discussions and comments about Kal before.

The ‘search’ button is located under the ‘forum boards’ button to the left hand side of the screen.

If you still need more information after that then by all means come back with more…[Read more]

Originally posted by Terryw:
If they keep arsing you around, just open an account (it should be fee free if you have a loan) and set it up, and hten close it once it ssttles.

HI alf,

Did exactly this with CBA/Colonial – opened the required savings account and closed it imediately after the loan had been finalised.

Have just recieved a letter…[Read more]

Originally posted by ozi:
P.S. There’s no need to post the same thread multiple times… it’s makes things confusing.

Hi Ozi,

Well said – I have deleted the other threads for the very reason you mention. Left this one here as this was the only response so far.

Did you sign an exclusive authority to rent? Have you tried to change agents? How…[Read more]