Hi Hugo,

Forget the FP – the one I spoke to five years ago still cannot comprehend what I have achieved with property while still trying to flog me a managed fund.

If you are after an accountant – recommend Ed Chan (www.chan-naylor.com.au) in Sydney and Dale Gatherum-Goss in Melbourne (www.gatherumgoss.com)

Derek
derekjones1@bigpond.com
0409…[Read more]

Originally posted by servant:
Hi,

I have no idea on the economy cycle (boom and bust, etc) for real estate.

Hi Luke,

The critical point missed here is that the real estate cycle (as you called it) is not a single entity.

Was listening to Michael Matusik on Saturday and he has a number of compelling arguments to make mince meat of many of the…[Read more]

Hi Kenle,

If you are planning on retiring in 4 years time you should forget about selling this property unless it is in a ‘dog’ of an area.

Any sale now will be eroded by CGT, agents fees and then stamp duty into the new property.

The critical issue you need to consider is how are you going to use property to fund your retirement. Generally…[Read more]

Originally posted by Chris82:
Does anyone know is there anywhere you can get median prices for suburbs for the past 10 years and average rent yields for suburbs where you do not need to pay for them? Or is this something that I just need to pay for?

Hi Christy,
IS there a particular state in mind? The sources may vary from state to…[Read more]

Hi Pasandbec,

If you had a lease in place before it went periodical the same conditions still apply. So go back to your original agreement and see what that says about notices to tenant, terminations of leases etc.

Derek
derekjones1@bigpond.com
0409 882 958
Property investment advice and researched property in quality locations available.

Sack your strata manager and look elsewhere.

I have done such a thing – took a few phone calls around Oz but managed to secure the required number of signatures and now the complex is in much better shape for the change.

Derek
derekjones1@bigpond.com
0409 882 958
Property investment advice and researched property in quality locations available.

Originally posted by talula:
Could any one recommend a few of the following in the Pine Rivers/Caboolture areas:

Solicitors [evil4]
Accountants [grad]

Give Julia a try http://www.bantacs.com.au – not sure how close to you live to the area. Proximity to you should be a secondary consideration – or more importance is the accountants understanding of…[Read more]

Originally posted by JULES1:

I am not sure what was meant by the RE Agent, but all he said was the problem had been fixed.

I will check with the RE Agent asking more questions

Hi Jules,

I may be reading this all wrong but – it seems to me you are getting your ‘pest’ advice from the agent. If this is the case you are speaking to the wrog…[Read more]

Hi Feast,

I suggest that you do a search of the forum using ‘central equity’ – the serach facility is located top left under forum boards button. The company has come up a few times before.

I would be very mindful of serviced apartments and rental guarantees – you will nned to conduct thorough research to ensure the ‘deal’ stands on its own…[Read more]

Hi Feast,

It seems, to me anyway, that you are lookign at investment from the wrong angle. While tax deductions may be attractive the primary purpose for investment is to make money – either through growth or through an income stream. Any tax savings should be considered as a bonus and not the sole purpose for…[Read more]

As an add on.

The records you keep are the same irrespective of whether or not the property is negatively or positively geared. The taxation issues are the same.

Derek
derekjones1@bigpond.com
0409 882 958
Property investment advice and researched property in quality locations available.

Originally posted by Da Man:
Am looking for some guidance on the types of records that my friend should be keeping for negative gearing my rental property?

Your friend needs to keep comprehensive copies of all receipts and for expenses and income for the past five years. As a matter of course I retain mine for seven years just in case.

My friend…[Read more]

He’s quick!

(When he isn’t asleep [biggrin])

Derek
derekjones1@bigpond.com
0409 882 958
Property investment advice and researched property in quality locations available.

Hi all,

A risk not mentioned so far is the ‘risk of doing nothing’ for your future. Note that isn’t advocating a foolhardy, poorly researched, ad hoc approach but carefully measured and considered decision making is going to put you in good stead.

PS Johnny – Have deleted the multiple posts – hinders the discusion…[Read more]

Hi Jaja,

Stellar/Aviate are (if my memory serves me correctly) aligned/affiliated (? – not sure of the exact relationship) with Jamie McIntyre’s 21st Century Academy.

Derek
derekjones1@bigpond.com
0409 882 958
Property investment advice and researched property in quality locations available.

Originally posted by depreciator:
Our schedules runs for 20 years

Hi Scott,

Just curious – How does your report address other remaining 20 years (assuming new property) building depreciation in the report?

I assume you have a statement along the lines for years 21-40 the owner is entitled to claim $X/annum as building…[Read more]

Hi Lizard,

Is it worth it?

One solenoid = $20 – $30 + a bit of labour.

Don’t sweat the small stuff [biggrin] in the grand scheme of things a solenoid is nothing.

Derek
derekjones1@bigpond.com
0409 882 958
Property investment advice and researched property in quality locations available.

Are they going up?

http://www.theaustralian.news.com.au/common/story_page/0,5744,12331745%255E2702,00.html

Derek
derekjones1@bigpond.com
0409 882 958
Property investment advice and researched property in quality locations available.

Hi Feast,

Sharon has given you a couple of good reference material leads there. But back to your questions.

Can anyone give us some ideas regarding…
1. People / seminars in London relating to this topic

Can’t help you with this one

2. Property websites / people / seminars in Perth in the last two weeks of August 2005

Recommend you do a…[Read more]

Hi Rachel,

There are steps you can take to protect yourself under the circumstances you face.

Only deal with someone reputable, get you own valution for your sanity, use a solicitor based on recommendations given here or through the state association, obtain a building and pest inspection report from someone independent, check expected rental…[Read more]