Hi Darls,

I wouldn’t consider either of these two properties a good investment.

Wembley is the equivalent of one bedroom flat city – they are a dime a dozen in the area and their long term growth has been average to say the least.

Norseman on the other hand is even worse.

When evaluating properties do not neglect the fundamentals of the…[Read more]

Hi Jay,

Australain Property Investor has median rents by postcode in every second edition. Be aware that not all postcodes are listed as some are statistically unreliable due to the small samples.

Derek
derekjones1@bigpond.com

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

Originally posted by MortgageHunter:
My offer was as an investor rather than a broker, although I do have some finance knowledge to offer too.

No drama here Simon – I know your ethics are above reproach.

Derek
derekjones1@bigpond.com

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

Originally posted by MiniMogul:

“good capital growth is something that in the main is restricted to capital cities and large regional centres or coastal cities and towns.”

I believe Kelbren is correct in this statement

wrong I think, (firstly because I have experienced annual capital gain of 50 percent – that’s twice the rate of Manly sydney at…[Read more]

Hi Muppet,

There is still a lot of water to go under the bridge before there could be long term benefits to the local area.

The article indicates the company is ‘planning’ and ‘considering’ and as such only speculators would buy a property in this area given that there is a huge difference between planning and completion.

Too often I hear and…[Read more]

Hi Darls,

One of the first steps an investor needs to make is to establish their investment goals in a manner that is consistent with their personal goals and situation.

I also suggest that a discussion with a broker fairly early in the journey is time well spent.

A good broker should listen to what you are wanting to achieve and help you…[Read more]

Hi Kelbren,

How old is the property?

Derek
derekjones1@bigpond.com

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

Originally posted by kelbren:

The town of xxxxxxx is a small but growing community. This home is not only a peacefull place to live but also an excellent investment.

My thoughts would be to relocate other houses on additional land.

Hi Kelvin,

It is an interesting dilemma you find yourself in – publicise the name and someone may sweep the…[Read more]

Hi Richmond,

The local rag plastered BIS predictions across the front page of the paper on Monday and no doubt caught the eye of many a ‘would be’ investor.

I happened to read Tuesday’s paper and there, buried on page $ (?) were a number of rebuttals from other experts.

T’was an classic example of bad news sells.

I am sure that some would be…[Read more]

Originally posted by Sonja:
Hi Steve (and associates)

Thankyou

(understatement)

Hi Sonja,

You really must control that excitement[biggrin]

Derek
derekjones1@bigpond.com

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

Hi Jenny,

The best use of the money will be determined by your goals and your current situation.

For example if you are ‘close’ to retirement and want no debt then pay down some of your debt commencing with non-deductible debt.

If however you a little way from retirement then use the money to assist with further purchase/s either directly or…[Read more]

Hi MMM,

Try the Minister for Local Government (or equivalent) or The Local Government Supervisory Board in your state.

The council concerned will be able to direct to you to the relevant authority.

Derek
derekjones1@bigpond.com

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

Originally posted by recoveryman:
if things dont get better finding a manager

HI Recoveryman,

Without knowing the full extent of the issues you have with your current PM I would counsel against making a rash decision.

Sure you are having ‘problems’ now but will the short and long term costs of ‘getting out’ of this property be worth it in the…[Read more]

Hi Ali,

Just got back from a morning tea with other property investors (including a few with million + equity and others with half million + equity portfolios) and it reinforced the value in having a group of people with similar investment goals and beliefs.

Of particular interest was a couple of people just starting out and who had started to…[Read more]

Hi Ali,

Agreeing with other comments – a lot of the negativity arises because of a lack of knowledge on the part of those giving the well intentioned advice. They do not understand the ‘complexities’ of successful property investment and tend to come back to their known point – which is don’t.

The other things that comes into play at the moment…[Read more]

Hi Ali,

Recommend you log onto Simon’s website – it has the links to various State sites.

http://www.mortgagehuner.com.au

Failing getting a clear answer there it may be necessary to phone the relevant givernment department.

Derek
derekjones1@bigpond.com

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

Hi Joe,

All I can add is that the discussions have been underway for a while. Not sure if there has been a final decision made yet.

A google search may reveal some more information.

Derek
derekjones1@bigpond.com

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

Hi Kurra,

Both WA and Qld State Governments levy stamp duty on IPs – it is common practice throughout Australian states as stamp duty forms a key part of each states income stream.

There are some reductions/exemptions in some states for people like first home owners, transfer of property between spouses etc but in the main it is ‘pay up’

A…[Read more]

Originally posted by DeFinitive:

Combined income $100K.
Our home is valued at approx $550K, we owe $390K, this includes home loan and an equity loan we have.

Hi Doug,

The critical issue is what do you want to achieve from property investment. In many respects the answer to this question will determine what is bets for you.

Based on the…[Read more]

Originally posted by praveentalwar:
By the way, for a IP, other then depriciation, what %age of rebate ie. taxable income can u claim off ur loan payments?

Hi Prav,

The interest component only is a deductible expense.

For example (simplfied numbers only) if you are paying a $1000/month of which $200 is Principal & $800 is Interest in…[Read more]