Not sure if this of assistance

http://www.realestate.com.au/cgi-bin/rsearch?a=loan&t=res

Derek
derekjones1@bigpond.com
http://www.pis.theinvestorsclub.com.au
0409 882 958

Hi Redwing,

The taxable gain is included on your EOY tax returns and taxed according to the relevant scales. As such it is wise to sell in a no or low income year if possible.

Derek
derekjones1@bigpond.com
http://www.pis.theinvestorsclub.com.au
0409 882 958

Hi Duchess,

http://www.rta.qld.gov.au/zone_files/Fact_Sheets/rent.pdf

But for more specific information download a copy of the relevant residential tenancy act. This will ensure you comply with legislative requirements.

Derek
derekjones1@bigpond.com
http://www.pis.theinvestorsclub.com.au
0409 882 958

Hi Duchess,

I think you need to re-think your approach as it seems, to me, that you are endeavouring to do something which is outside the FHOG guidelines.

Sure you may well get away with it – but the organisations involved do random checks to ensure the agreement is upheld.

Here are some of the questions and answers from FHOG Qld FAQs…[Read more]

Hi Micasa,

Yes you will pay CGT as CG is levied on any investment that makes a profit.

I recommend you download a copy of the CGT Guide from the ATO website as there are a couple of examples therein that explain some of the issues associated with CGT under the circumstances given.

If you have trouble locating or downloading the file drop me an…[Read more]

Hi Batts,

I am confused – what about Telstra Message Bank, Mobile message services or similar.

Or have I missed the point?

Derek
derekjones1@bigpond.com
http://www.pis.theinvestorsclub.com.au
0409 882 958

and in WA try http://www.reiwa.com.au/

Derek
derekjones1@bigpond.com
http://www.pis.theinvestorsclub.com.au
0409 882 958

Hi rpmagro,

I have the article. Drop me an email with the subject tenants in common and I’ll send it via return email.

You can also get back copies of API through http://www.businessmall.com.au

Derek
derekjones1@bigpond.com
http://www.pis.theinvestorsclub.com.au
0409 882 958

Hi Mark,

I suggest that you are endeavouring to access one of the two new forums that are only accessible by a new mentoring group.

The two forums are grouped at the top of the forum boards and appear under the generic heading R.E.S.U.L.T.S

Derek
derekjones1@bigpond.com
http://www.pis.theinvestorsclub.com.au
0409 882 958

Originally posted by Jenny1:
There are alot of eager young brokers out there (not always having your best interest at heart), but saying that and having good advise given by Steven, Simon and Derek from time to time turning bad advise into good gives me alot of faith in the brokers on this forum.

Hi Jenny,

Just to clarify for those out there…[Read more]

Originally posted by JLtarra:
, the only downfall IO was they only had a 5 yr term as opposed to 20 yr with the P&I loan.

Hi Jltarra,

Don’t forget that there is nothing to stop you refinancing.

Derek
derekjones1@bigpond.com
http://www.pis.theinvestorsclub.com.au
0409 882 958

Hi redwing,

Reminds me of a similar and true story.

I have a couple of mates who have enjoyed playing very elaborate jokes on each other, often involving very complex arrangements for nearly 20 years.

A recent Christmas saw the two families spend time with each other in the Bussleton area at a rather large caravan park. Time passed and a good…[Read more]

Originally posted by dohicky:
derek,
have you changed your strategy?

Certainly not – enjoy talking property (fullstop).

While the overriding investment philosophy is different the tricks and pitfalls can be similar.

Derek
derekjones1@bigpond.com
http://www.pis.theinvestorsclub.com.au
0409 882 958

I suggest you do a search on Kambalda (and Kalgoorlie for that matter – there has been some discussion about these areas in the past.

For me – I am more of the invest in capital cities ilk and if were throwing my hard earned into the WA goldfields it would be Kalgoorlie and Kalgoorlie alone.

Having said that there many areas of Kalgoorlie I…[Read more]

Hi Misty,

A couple of thoughts reading your post and extending upon G7’s comments somewhat.

Certainly find out for sure what the long term outlook is for yourself. Ask someone in the know.

Secondly – I wonder if you have adopted a ‘defeated’ attitude towards something that may or may not occur. For example I believe I will be made redundant, my…[Read more]

In short yes you can claim all costs as per most other business/investment costs. The flip side is that you must also declare all income.

These requirements are the same irrespective of whether or not the property is positively or negatively geared.

In one case you have more income than exenses and the other has more expenses than…[Read more]

HI Clones,

Following on from Michael’s comments – there is an excellent short story about Fred Johnson who reinforces the notion that there is always someone telling investors not to buy property. Fred didn’t listen and kept accumulating property and has done so since 1959 despite the many reasons people were telling him property is a bad…[Read more]

Hi Whatson,

In addition to Simon’s comments it may be worthwhile considering attaching a 100% offset account linked to your home debt.

This will also help pay down the loan a little quicker than it would if a ‘savings’ account wasn’t linked.

For a left field idea (and depending upon your goals beyond this property) how much of a reduction would…[Read more]

Hi Insert,

Try this

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

Derek
derekjones1@bigpond.com
http://www.pis.theinvestorsclub.com.au
0409 882 958

Hi Don,

I have a little more time on my hands this morning and here is the direct quote from VCAT’s ‘Renting a Home – A tuide for tenants and landlords’

If the tenancy agreement is a fixed term agreement, the landlord or agent cannot increase the rent before the end date, unless the agreement states otherwise.

In any case, a landlord or agent…[Read more]