PropertyInvesting.com | Dram | Activity https://www.propertyinvesting.com/members/dram/activity/ Activity feed for Dram. Sat, 11 Apr 2026 09:26:14 +0000 https://buddypress.org/?v=2.8.1 en-US 30 hourly 2 0f0b7b2a4a4a494974828dcb07909a1d Dram replied to the topic HECS in the forum Help Needed! https://www.propertyinvesting.com/topic/4378875-hecs/#post-4507380 Wed, 23 Feb 2005 07:55:03 +0000 I don’t know all that myself, but I believe that you apply to defer your Uni Fees (govt. pays for you) until you finish studying and are earning an income.

Once you start earning an income (I think it’s $35,000) you start repaying your HECS debt. Your compulsory repayments are determined by your taxable income and you repay a percentage of this…[Read more]

]]> f40943a1ac05b95fa3a3fb4c04b8afe0 Dram replied to the topic My 3rd property - And counting ! ! ! in the forum General Property https://www.propertyinvesting.com/topic/4378867-my-3rd-property-and-counting/#post-4507345 Wed, 23 Feb 2005 03:47:47 +0000 Well done indeed.

I myself am going through the process of purchasing our second IP. Of course we are at that stage of doubting our decision…can we afford it, what if noone rents it, etc, etc.
It’s great to see that success is possible!

]]> a5fbd034ef7667c3c4882974e39f45ae Dram replied to the topic what can you claim for tax??? in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4378686-what-can-you-claim-for-tax/#post-4506211 Mon, 14 Feb 2005 05:43:26 +0000 There are a few items that can be claimed.

Interest & fees charged on loan Property management fees body corporate (for units) council rates water ratesdepreciationrepairs *

Here is a link to a previous post on depreciation.

* Repairs vs improvement is a tricky subject. You can claim a repair, but can only depreciate an inprovement. An…[Read more]

]]> 3106bada6d2bea4887225c694be72c92 Dram replied to the topic Perth - where to invest? in the forum Help Needed! https://www.propertyinvesting.com/topic/4373215-perth-where-to-invest/page/7/#post-4469792 Sun, 13 Feb 2005 06:19:17 +0000 Hello all, it’s been some time since I’ve visited.

Ellenbrook and the Swan Valley have not been mentioned here much. I’ve done some basic research on the Ellenbrook region and it appears that it is growing rapidly, new town centre, shopping malls, schools, and so on.

Any locals have any thoughts on the area? Distance/time to the city?…[Read more]

]]> db740be82e669fe2cc984937c8e8492b Dram replied to the topic property management fees in the forum No Subject https://www.propertyinvesting.com/topic/4373725-property-management-fees-2/#post-4473857 Wed, 19 May 2004 01:32:15 +0000 Hi,

Good topic, I was just about to post a similar question.

My Management fees are 11.5% + GST (in Darwin)

That is one heck of a drain on the rental income, and I didn’t realise how high theses fees were until I read this post. I have been thinking of shopping around with other agents to compare fees. Just wondering if I changed management do…[Read more]

]]> 07209001c0a1dfbf15f0c1fb6586275e Dram replied to the topic How to get the Sexy Blue Stiple in Quotes in the forum Help Needed! https://www.propertyinvesting.com/topic/4373653-how-to-get-the-sexy-blue-stiple-in-quotes/#post-4473159 Wed, 12 May 2004 06:36:15 +0000 Yep…you have to manually delete the text you don’t want. But do not delete the

Quote:
commands as they denote the start and end of the quote.

Note: The square brackets [ ] are important too, don’t delete those.

]]> 508c5c48051b1b59c9180363fabe8e63 Dram replied to the topic Interest Deduction on IP in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4373428-interest-deduction-on-ip/#post-4471499 Tue, 04 May 2004 09:33:54 +0000 I believe that is correct….although it is hard to think of when investing like this as a couple (husband & wife). What I mean is that buying as a married couple is different to buying with your brother/sister. In your example you would own 99% of the property and therefore be eligible to claim 99% of costs, depreciation, etc.

But, from what I…[Read more]

]]> 4af01949d7322bd68546161844e6f9eb Dram replied to the topic Is No Bath A Problem? in the forum Help Needed! https://www.propertyinvesting.com/topic/4373396-is-no-bath-a-problem/#post-4471238 Mon, 03 May 2004 04:34:07 +0000 Possibly….depends on the type of tenants you want to attract. Students or singles probably have no need for a bath but a family with young children will almost certainly want one.

]]> 2235640612434c9906e98676f5b7427d Dram replied to the topic DEPRECIATION TERMS FOR A CONFUSED NEWBIE? in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4373394-depreciation-terms-for-a-confused-newbie/#post-4471225 Mon, 03 May 2004 04:05:42 +0000 Hi,

I’m certainly no authority on this subject, but I’ll try to help. I have learnt what I know through reading many books on the subject.

I can recommend the use of a quantity surveyor. They will provide you with a list of all depreciable plant and equipment in your property, their value and the effective life of those items. This information…[Read more]

]]> 4727131c387a9d4ad2a1a438c0df4413 Dram replied to the topic Wealth Guardian Details in the forum General Property https://www.propertyinvesting.com/topic/4373125-wealth-guardian-details/#post-4469020 Thu, 22 Apr 2004 08:08:32 +0000 From this post, the last batch of 100 is due out shortly. Best bet would be to email and reserve a copy.

Cheers

]]> 685629a73068f744535c48f46b4a1350 Dram replied to the topic land tax in the forum General Property https://www.propertyinvesting.com/topic/4373089-land-tax-12/#post-4468847 Wed, 21 Apr 2004 14:01:25 +0000 As far as I know there is no Land Tax in the NT. Look here for some info.

*Edit* Found another site..definately no land tax in NT (also no stamp duty on mortgages). Territory Revenue

]]> ee55299390bffa4278b685c5c65d776c Dram replied to the topic Darwin anyone? in the forum General Property https://www.propertyinvesting.com/topic/4373072-darwin-anyone/#post-4468743 Wed, 21 Apr 2004 12:31:28 +0000 Well, I’m in Darwin and have some knowledge but little experience. [biggrin] I don’t know of any groups up here.

]]> ff2c464ae46e488aae0577315fe95deb Dram replied to the topic Rent Formula in the forum No Subject https://www.propertyinvesting.com/topic/4373055-rent-formula/#post-4468605 Tue, 20 Apr 2004 12:14:38 +0000 Are you talking about the 11 sec solution? Or in general?

11 sec solution…divide purchase price by 1000 then multiply by 2 gives you the rent required to meet this rule/guide.

eg: $60,000 purchase price…../1000=60…* 2 = $120 per week to meet the 11 sec solution.

If you are talking generally, then ask local real estate agents what the…[Read more]

]]> 134ab4dc35a590c6ae9bbecd9cc36881 Dram replied to the topic Checklist required in the forum Help Needed! https://www.propertyinvesting.com/topic/4373034-checklist-required/#post-4468516 Tue, 20 Apr 2004 03:24:42 +0000 Well, it contains 5 of Steve’s templates. For me the most impressive and helpful are the financial analysis and the property analysis.

The financial analysis runs you through all the numbers and helps you find out all the costs involved with the proposed purchase. It gives you a final figure….Cash on Cash return that helps you decide if the…[Read more]

]]> b0cb3cbd9aa4e4210855b2ed5d0cff9c Dram replied to the topic Checklist required in the forum Help Needed! https://www.propertyinvesting.com/topic/4373034-checklist-required/#post-4468514 Tue, 20 Apr 2004 02:38:47 +0000 I just received my copy of Buyer Beware and I can say that it is excellent and is probably exactly what you are after.

Cheers

]]> 8b40165536864d4cae8b0f9f5f338f80 Dram replied to the topic Positive Cashflow Calculator in the forum No Subject https://www.propertyinvesting.com/topic/4372340-positive-cashflow-calculator/page/2/#post-4463570 Sat, 17 Apr 2004 00:30:03 +0000 Not a problem [biggrin]

Thank you for making it happen and in such short a time too.

]]> effd5f6814a796c1d3a4383960c43080 Dram replied to the topic Positive Cashflow Calculator in the forum Help Needed! https://www.propertyinvesting.com/topic/4372340-positive-cashflow-calculator/page/2/#post-4463567 Fri, 16 Apr 2004 07:20:59 +0000 A great calculator…very handy to use.

Just one question….is it possible to update the Stamp Duty to include all states/territories rather than just Vic as the default? Perhaps a menu to select the state (similar to the “weeks Vacant” menu.

Fantastic resource!

]]> 53ecd89cad1a3c26d54956d2fe906868 Dram replied to the topic ABC's Media Watch gives Steve a serve. in the forum Opinionated! https://www.propertyinvesting.com/topic/4372711-abcs-media-watch-gives-steve-a-serve/#post-4466483 Thu, 08 Apr 2004 05:54:38 +0000 Looks like confusion reigns supreme. If I remember correctly, Steve stated the the particpants in the MAP would control $1 million worth of property and it seems that Today Tonight said he would make them Millionaires. Two completely different things.

Either way, it would be interesting to learn the details of their progress.

]]> 1f8165ad217cfa007ac2087549989662 Dram replied to the topic No Thorpe in 400M??? in the forum Opinionated! https://www.propertyinvesting.com/topic/4372377-no-thorpe-in-400m/#post-4463956 Sun, 28 Mar 2004 06:16:29 +0000 Originally posted by richmond:
It’s a stupid rule, but no matter how stupid the rule is, it should not be different just because the person who breached it is Ian Thorpe, that was the point I was trying to make about Joe Blow.

If a sport is governed by rules, they can’t just cover some of the competitors and not others, otherwise there’s no point…[Read more]

]]> d5986a7d77bf794fa6758696dd21c2fc Dram replied to the topic darwin in the forum The Treasure Chest https://www.propertyinvesting.com/topic/4366846-darwin/#post-4421861 Wed, 17 Sep 2003 02:38:23 +0000 Hi. Finally found some info on crime reates. Better late than never! [:I]

http://www.nt.gov.au/justice/ocp/pages/stats.shtml

Cheers

]]> 5aeebc3fed1b302a8131e068295b27ce Dram replied to the topic A Current Affair in the forum The Treasure Chest https://www.propertyinvesting.com/topic/4367645-a-current-affair-2/#post-4427283 Tue, 09 Sep 2003 06:04:10 +0000 Remember, your not buying the property to live in yourself, but for someone else to live in it. They may already be renting the property and think it is a palace.

My thoughts [:D]

]]> 80de723d93fbf455b5ed2fbcd4d53361 Dram replied to the topic Go SWANS in the forum The Treasure Chest https://www.propertyinvesting.com/topic/4367590-go-swans/#post-4426888 Sun, 07 Sep 2003 07:52:18 +0000 Yeah!

I’m a collingwood supporter (*ducks for cover*), but for me a Sydney victory is far better than an Adelaide victory! [:P]

[:D]

]]> f4741fe83a5ccac81f4ad94fa01d6709 Dram replied to the topic Management?? in the forum The Treasure Chest https://www.propertyinvesting.com/topic/4367587-management/#post-4426880 Sun, 07 Sep 2003 07:32:30 +0000 I think he used to manage them himself, but now does not have the time. So to answer the question, I believe he has an agent or similar manage his properties.

I’m sure Steve will clarify.

Cheers

]]> f9e282ff2c30fac726091565d28aed90 Dram replied to the topic Fathers Day competition in the forum The Treasure Chest https://www.propertyinvesting.com/topic/4367586-fathers-day-competition/#post-4426859 Sun, 07 Sep 2003 07:26:34 +0000 Hi All!!

3 kids for me (8, 5 and 2). They are a handfull I can tell you! [:D]

Cheers

]]> 282fbe0b9d990e2bcb2286b87b24f6e5 Dram replied to the topic Geogrpahic Statistics in the forum The Treasure Chest https://www.propertyinvesting.com/topic/4367505-geogrpahic-statistics/#post-4426430 Thu, 04 Sep 2003 09:21:41 +0000 For Queensland have a look at… http://www.oesr.qld.gov.au/

Also, check out the “useful links” thread… https://www.propertyinvesting.com/forum/topic.asp?TOPIC_ID=1644

]]> dc1a9ff10e378d540598e255b4c80ed8 Dram replied to the topic who said things are slowing?? in the forum No Subject https://www.propertyinvesting.com/topic/4367508-who-said-things-are-slowing/#post-4426446 Thu, 04 Sep 2003 09:12:49 +0000 Hi,

I can’t see the price rise slowing in the near future either. As long as the interest rates stay as low as they are, prices will continue to rise. Still plenty of bargains out there though…

I wouldn’t say that I’m a lazy procrastinator, but I can’t wait for an interest rate correction!

Poised and ready to strike![:P]

]]> 540e01a4a2be9dedacce0ea9c8c55068 Dram replied to the topic darwin in the forum The Treasure Chest https://www.propertyinvesting.com/topic/4366846-darwin/#post-4421860 Thu, 21 Aug 2003 05:23:26 +0000 Sure, I’ll do some research and let you know. [:D]

]]> a63e71be23b4ec610c8b6a998a8161aa Dram replied to the topic Useful Links # 2 in the forum No Subject https://www.propertyinvesting.com/topic/4366035-useful-links-2/page/2/#post-4417183 Tue, 19 Aug 2003 01:38:15 +0000 Hi everyone,

Sooshie I hope you don’t mind me adding to this post without going through you first.

I found this link to a great research site for Queensland. I provides statistics on all the shires/council areas in Queensland.

It’s the Office of Economic and Statistical Research. (sounds impressive doesn’t it [:P])

“This site is the Queensland…[Read more]

]]> 98e91e2a2578e66a9e811b780fefd3d2 Dram replied to the topic darwin in the forum The Treasure Chest https://www.propertyinvesting.com/topic/4366846-darwin/#post-4421858 Tue, 19 Aug 2003 00:53:56 +0000 No problems.

PRD Research also has the occasional report on Darwin.

http://www.prd.com.au/research/

]]> 1b558c051628ddc1e564089418574a37 Dram replied to the topic darwin in the forum The Treasure Chest https://www.propertyinvesting.com/topic/4366846-darwin/#post-4421856 Mon, 18 Aug 2003 01:43:50 +0000 Around $200k, with average rental for 3br house $240pw. API Magazine rarely shows any interest in the NT. Here’s some info….

June 2002… http://www.facs.gov.au/internet/facsinternet.nsf/VIA/HousingMSupdate/$File/June2002.pdf

New story… http://www.themercury.news.com.au/common/story_page/0,5936,6185494%255E421,00.html

A general Australia…[Read more]

]]> ffd811fc55010b6d7624369c7ece5968 Dram replied to the topic Bestseller! Thanks! in the forum The Treasure Chest https://www.propertyinvesting.com/topic/4367018-bestseller-thanks/#post-4422838 Mon, 18 Aug 2003 01:04:53 +0000 Congratulations Steve.

It’s a great read and very easy to follow.

Cheers

]]> 271ab17be222a61f326e462079af6993 Dram replied to the topic Whittles Strata Managers - MGA Group of Companies in the forum Opinionated! https://www.propertyinvesting.com/topic/4367000-whittles-strata-managers-mga-group-of-companies/#post-4422754 Mon, 18 Aug 2003 00:53:56 +0000 Hi,

They manage the Body Corp for my IP here in Darwin. Can’t say I’ve had any serious problems with them, but my Tennant has had a few things to say. For example, the combination to the Security gate was supposed to be changed (the whole street knew it), well it took them weeks to get it done.

They seem happy to take the money, but I don’t see…[Read more]

]]> 3f9cde9ff0b9af56cd07fc9ff902f757 Dram replied to the topic Northern Territory/Darwin investors in the forum No Subject https://www.propertyinvesting.com/topic/4366513-northern-territorydarwin-investors/#post-4419856 Mon, 18 Aug 2003 00:35:28 +0000 Hi,

I live in Darwin. I have made comments on another related post… https://www.propertyinvesting.com/forum/topic.asp?TOPIC_ID=2547

Here are but a few of the projects planned…

* Timor Sea Gas Treaty/LNG Project
* Darwin hospital redevelopment
* New port facility
* Toll Holdings/Transport to build a major holding centre (associated with new…[Read more]

]]> 24a7bcb811905b4b0314df2202da33a3 Dram replied to the topic Vote on CG or Good Buy at Redcliff .vs. Redland in the forum The Treasure Chest https://www.propertyinvesting.com/topic/4366967-vote-on-cg-or-good-buy-at-redcliff-vs-redland/#post-4422541 Fri, 15 Aug 2003 09:16:15 +0000 Looking at the vacancy stats and distance to Brisbane/Public Transport available….. Redland for me.

]]> 96078e1dd6bf46002a92f15de1a36db0 Dram replied to the topic darwin in the forum The Treasure Chest https://www.propertyinvesting.com/topic/4366846-darwin/#post-4421854 Tue, 12 Aug 2003 10:14:11 +0000 Just anounced yesterday is another new development….$600M on a new Wharf precinct and convention center.

http://www.news.com.au/common/story_page/0,4057,6924730%255E13569,00.html

]]> 94471c99f6a6a471bd0d6bf551ac844e Dram replied to the topic darwin in the forum The Treasure Chest https://www.propertyinvesting.com/topic/4366846-darwin/#post-4421853 Mon, 11 Aug 2003 23:12:35 +0000 Hi.

People are starting to get excited up here. With the rail link on the way (only 90km south of Darwin now!) and the signing of the Gas Project Darwin is starting to move. The Chief Minister, Clair Martin, is forever talking up Darwin’s economic potential and according to her the Gas deal is just the start of bigger things to come.

If building…[Read more]

]]> f72be6f41fb5c1a3bc9007cc69e713cf Dram replied to the topic darwin in the forum The Treasure Chest https://www.propertyinvesting.com/topic/4366846-darwin/#post-4421850 Mon, 11 Aug 2003 07:45:06 +0000 Hi Ziggy,

I live in Darwin so drop me an email with any questions.

Cheers.

]]> 72a7db25608a68332408431733c9807a Dram replied to the topic How many you got? in the forum The Treasure Chest https://www.propertyinvesting.com/topic/4366761-how-many-you-got/#post-4421296 Fri, 08 Aug 2003 05:49:36 +0000 Only 1 for me, but looking for my next one or two. Just have to find the right area.

]]> ea4d34acb509c2b8202a835dcf7fc3aa Dram replied to the topic 11 seconds solution in the forum The Treasure Chest https://www.propertyinvesting.com/topic/4366779-11-seconds-solution/#post-4421470 Fri, 08 Aug 2003 05:43:22 +0000 Alternatively, divide the asking price by 1000, then multiply by 2. This will give you the minimum rent to achieve +ve cash flow (following the 11 sec rule)

eg. Asking price $90,000

Rent = $90,000/1000=90
= 90*2
= $180

]]> 73c286c9053501aa07137a3522b17842 Dram replied to the topic Interest Only Loans in the forum The Treasure Chest https://www.propertyinvesting.com/topic/4366680-interest-only-loans/#post-4420893 Tue, 05 Aug 2003 10:11:14 +0000 A quick question for the mortgage brokers.

IO Loans a usually for a period of 5 years. Is this correct? Or can you have an IO loan for an indefinate period of time?

Cheers

]]> 9912cfd4f1f8b93180a2fece62a9a983 Dram replied to the topic How to fix order details in the forum The Treasure Chest https://www.propertyinvesting.com/topic/4366672-how-to-fix-order-details/#post-4420862 Tue, 05 Aug 2003 06:10:42 +0000 Hmmm…I would suggest replying to the email they sent you and explain your situation.

support@propertyinvesting.com I think it is. Should be no trouble to sort out.

Cheers

]]> 2dc96cefb61d888b493b3a523d26666d Dram replied to the topic re, re, investment property in the forum No Subject https://www.propertyinvesting.com/topic/4366668-re-re-investment-property/#post-4420841 Tue, 05 Aug 2003 06:04:58 +0000 I believe it’s all about spreading your risks. I would think the chances of 100+ properties all being vacant at any one time is pretty slim.

As I’ve been told many times, it’s better to own 5 * $100k properties than 1 * $500k property. This way if one property is vanacnt you still have an income stream.

Cheers

]]> f7350c99e8e5d1a2d0c166fca9b4a384 Dram replied to the topic The book.. it's now available! in the forum The Treasure Chest https://www.propertyinvesting.com/topic/4366637-the-book-its-now-available/#post-4420703 Tue, 05 Aug 2003 05:46:45 +0000

quote:
Hi Steve,

I am a ‘newby’ and would like to purchase your book, but can you tell me if the book will cost $29.95 or $20 under you ‘Special Offer’ of paying the postage and handling costs.[|)]

The book is $29.95 including P&H. If you were to purchase from a book store it would cost you $29.95 anyway..so P&H is free as…[Read more]

]]> 76eda1a531faa5b2d6fb588136ffce75 Dram replied to the topic The book.. it's now available! in the forum The Treasure Chest https://www.propertyinvesting.com/topic/4366637-the-book-its-now-available/#post-4420698 Mon, 04 Aug 2003 09:33:05 +0000 Congratulations Steve!

Just ordered my copy. Can’t wait to have a read.

Cheers

]]> 4ec567a42c32bf68fec5710a6a9541ff Dram replied to the topic Deductable interest? in the forum The Treasure Chest https://www.propertyinvesting.com/topic/4366591-deductable-interest/#post-4420446 Sat, 02 Aug 2003 00:18:15 +0000 Hi,

Stamp duty and conveyancing costs are “added” to the purchase price for the purposes of CGT in the event you sell the property. There is no direct tax deduction available on these items.

Borrowing costs such as Mortgage Registration and Establishment Fees are deductible over the life of the loan or 5 years, whichever is the shorter.

Cheers

]]> d2e85a788b4ca51870b141a44e024487 Dram replied to the topic Setting Up Tenants in Common Arrangement in the forum The Treasure Chest https://www.propertyinvesting.com/topic/4366605-setting-up-tenants-in-common-arrangement/#post-4420552 Thu, 31 Jul 2003 06:04:21 +0000 As I understand it, Joint Tennants = 50/50 split regardless of who pays the loan/expenses. So if you were to pay 2/3 costs you would only be entitled to claim 50% of borrowing expenses/interest and so on and 50% of the income.

A better arrangement for you may be ‘Tennants-in-common’ where you can specify who owns what. So you on and pay for 2/3…[Read more]

]]> e97d2f5146d7708c059948f5484809a6 Dram replied to the topic New Kids on the Block in the forum The Treasure Chest https://www.propertyinvesting.com/topic/4366599-new-kids-on-the-block/#post-4420504 Thu, 31 Jul 2003 05:55:20 +0000 Hi,

Colstu has a point about purchasing a property (IP or not) in you posting locality. If you purchase a property within 35km (I think that’s right) of your base then you are expected to live in it. That is, if you are entitled to a 3 bedroom house and you purchase a 3 or 4 bedroom property in locality, then you are expected to live in it or…[Read more]

]]> 7683303064c15e7dec356c2543ba93f9 Dram replied to the topic And the winner of the book title competition is... in the forum The Treasure Chest https://www.propertyinvesting.com/topic/4366582-and-the-winner-of-the-book-title-competition-is/#post-4420382 Thu, 31 Jul 2003 05:21:19 +0000 Hi Steve.

The books for sale from this site….will they be listed on the ‘Resources’ section?

I haven’t been able to find it in a bookstore up here in Darwin yet.[:(]

Thanks

]]> 5f771dfe945395e595d7d246acec77e3 Dram replied to the topic The book... it's nearly here! in the forum The Treasure Chest https://www.propertyinvesting.com/topic/4366454-the-book-its-nearly-here/#post-4419525 Sat, 19 Jul 2003 05:52:16 +0000 Thanks Steve!

]]> 133efb12fe3836e2c389d924845a839f Dram replied to the topic The book... it's nearly here! in the forum The Treasure Chest https://www.propertyinvesting.com/topic/4366454-the-book-its-nearly-here/#post-4419522 Fri, 18 Jul 2003 00:50:19 +0000

quote:

We’re coming up to 10,000 members and I only have 1,000 copies allocated to me.

Hi Steve,

Are we able to register for a copy?

]]>