JacM wrote:
love the userid by the way.  dtrump hehehe

perhaps one day forum IDs will be like scarce number plates and we can sell them off…

Hi Thanks for the feedback

they sell that sort of stuff at IKEA…but im sure you'd get a better price elsewhere.Can any one comment on the pros vs cons of carpert versus floorboards for an IP??

I was at a seminar about 2 years ago and there was a guy from Pulse there. Quite knowledgable and would have a lot of contacts in the industry so if he was your friend he could be very helpful. They sell some 'research' packages, etc.But…hes not there to be your friend…hes there to explain how its 'never been a better time to buy' and then its…[Read more]

I read up a bit on the NRAS up here in QLD. It very much depends on your tax situation…as the benefit is a 10K tax credit….so that will be worth more to you or less depending on what tax bracket you are in.Personally, i found that having to charge 80% of market rent (one of the NRAS rules) that i would only be about $4k per year better off…[Read more]

pmcd wrote:
hi dtrump,the main street involved in the rail link is wylie streetthe figures supplied are before tax,depreciation etc..isn't that still alot to find every month.Not sure how average income earners can manage if they have to put this amount of money upfront each month.How do we make this work to keep this one and get more…[Read more]

Hi, just curious what streets are invovled as part of this rail project?Regarding your cashflow:Income:                          $450 * 52 = $23,400Mortgage:                       $3500 * 12 = $42,000Rent minus Mortgage:  -$18,600This is very broad calculations (excl, tax and all other csots, etc)…but i still dont see how that brings you…[Read more]

is the property in yeronga….part of the new undergroudn rail link at all? i see they have the plans up on the website now.Is it rented at current market rent prices?…any scope to increase that to improve your cashflow?

If you are buying the property as a long term IP but in the short term (6 months) as a PPOR in order to get the FHOG, can you still use the proposed rental income as part of your loan application to incease your sevicabiltiy?

Clairepopvich wrote:
Hi,I am new to this forum, and am looking for some tips. Our tenants are moving out in 3 weeks (we self-manage) and I would like to find out how to best get new tenants quickly. Have on a previous occasion used domain.com.au and the local paper to advertise our rental property, and it took a long time to find tenants. I&#…[Read more]

sonyasal wrote:
Just something to be aware of, did you inspect the property when it was listed for sale? If so the agent can claim that they 'introduced you' to the property and impose their commission on the vendor. So the vendor  may still want a higher price to cover these costs. I am not sure how long after the property has been taken off…[Read more]

businessglobal wrote:
I would be buying Oxenford, Coomera, Pimpama, Springwood, Loganholme, Rochedale before Forest Lake

Thanks for the feedback, any reasons why?

Hi Echelon6,I dont have the answer to your question, but i'd be interested to hear what other people have to say. I looked at a unit yestruday and it had perfect everythign except it was on a busy street and quite noisey. I mentioned it to the agent and she tried explaining to me it 'wasnt that bad' and as she was saying it an ambulance with…[Read more]

I dont have much background on the topic, but i'd suggest if its close to a uni (i.e. student accomodation) then renting furnished might be in demand.Other than that, what i have read/heard is that renters typically want to put in their own furniture they have gathered over the years….so unless its student accomodation your only other target…[Read more]

RobbieP wrote:
Hi All,I am a property investor from South Africa and I plan to start investing in Australia when I arrive at the end of the year.I am very interested in the costs associated in buying a property. Lets take an example:If I bought a property for $200 000 and got a mortgage for $200 000, what out of pockets costs would i need to…[Read more]

http://www.ratecity.com.au

Are you referring to the NRAS? National Rental Affordability Scheme?It works by you put your property into the letting pool in the NRAS and you charge 80% of market rent, but they give you approx $9k in tax credits. Dont quote me on the exact figures but it works something along those lines. The NRAS takes care of all the tennant management (i…[Read more]

Matt007 wrote:
There's another one at Redbank Plains called Amarco. Matt.

Cheers, but Redbank is a little too far out for my liking, Thanks.

Jamie M wrote:
Too many units in the one complex for my liking.

Good point, and also if there is going to be re-development i can imagine a there will be quite a few more to come. Would you think that more development would put a stint on any capital growth?

Thats excellant feedback thanks for that. Its basically boils down to a case of if you want a 'no frills' loan you cant expect the customer service of a premium product….i guess.I think homeside dosnt sell direct to public, only via brokers? – which might explain the lack of customer serviceBased on what you have said it sounds like it would be…[Read more]