Not easy to do.Always check the local value of property in the area. (these adverts may target out of state buyers)Ask local council  and other real estate agents if any issues like having a buffer zone because the property floods.Or having a methane gas leak  (old rubbish tip) or a chemical waste dump site next door to housing estate.As you may b…[Read more]

If you set up a family trust it will not be possible to transfer the losses out the trust.see https://www.propertyinvesting.com/forums/getting-technical/legal-accounting/17659I recommend you talk to an accountant on tax deductible of hybrid trusts / PITS for your situation.One point to mentionYou pay about 40% tax Your partner pays 32% taxSo to…[Read more]

Intrigue wrote:
Okay so I just can't get my head around this, from a numerical point of view. I am trying to consider 3 alternatives and the figures for an investment of 100k over a 10yr period. I know real life is not so black and white but I need to get my head around the theory of the numbers.CASH – If I put $100k in the bank at 6.5%…[Read more]

eloi wrote:
Just to let you know. In america, spain, ireland etc etc they too where saying they had an undersupply of dwellings from 2003 until 2007. now they have a huge oversupply. hahaha.  did 20mil people just dissapear into thin air in amercia and over 2 mil in spain and etc etc etc.

Yes they did disappear straight into nursing homes or…[Read more]

june 2003 140k to April 2008 Assuming was PPOR2003 – 180 day approx2004 – 364 days approx2005 – 364 days approx2006 – 364 days approx2007 – 364 days approx2008 – 93  days approx to AprilAdd up days = 1729 days ppor useApril 2008 – 2009 – 271days         2009 – 2010 – 364 days approx         2010 – now – 240 days approxtotal rental days = 875875 /…[Read more]

My suggestion is that you talk with a mortgage broker or a lending officer at the bank as they will let you know how much you can borrow before buying.
If you mum is on a pension or centrelink benefits then gifting the money to you may affect her payments not 100% sure on this as centrelink law often changes the…[Read more]

There is a system I saw where you fill a plastic bag with a fence post and sand and seal the top with silicone and cement it into the ground. When you want to remove the post you break the silicone and suck out the sand with a vacuum cleaner.

You will need to have insurance – landlords insurance  see http://www.thebuzzinsurance.com.au/home-and-landlord-insurance/landlord.aspxfor an idea on priceYou will have council rates $20 to $25 a week most likely costYou will have water service charges each quarterreal estate property manager 2 – 3% I think of rentArranging lease there will be…[Read more]

Thanks for the great tip I would have used a car or a dingo. Your method is much better.

If you are wanting to sell it you might want to see what is selling as far as reno property goes in the area you are looking at.Then you know what is in demand and what is could fetch and what type of reno is popular in the area you are looking in.Also need to cover selling commission in your profit margin calculations.

Go to the local council and ask them what you can achieve on the property in question before you doing anything !You may be able to use a right to buy option contract and then subdivide the block and on sell the sub divided block to a buyer                                             but there is risk involvedYou risk losing the premium you pay t…[Read more]

Check the street view with google map as I was looking at two units recently that were opposite a cemetery.

The wider bodied planes are a problem on take off. The noise is thunderous where as the normal jets is not so bad.If you are in line with the runway that runs over Botany road.I do not live there but stayed in an apartment that was in line with the runway for a couple of days.

Ask lender for a 6 month rate lock for settlement periodhttp://www.investorwords.com/4034/rate_lock.html

Come to the next APN meeting and you can meet a Mortgage Broker.http://www.activepropertynetwork.com.au/melbourne.htmlOr read link and Neil's details are on the web page.

Tasmania has houses in that price range .

Just be aware you can only deem one house at a time as your main dwelling / PPOR. So if you buy another property and move into it and then deem the original property as your Main dwelling then the new dwelling will be notCGT exempt.The one PPOR at a time Rule.So if you buy another property you will pay CGT in one way or another. from the time you…[Read more]

YesBut I haven't had time to sit down and watch the DVD's or the Audio CD's yet

I blame previous governments for not supporting trade / technical schools and not supporting apprenticeship schemes during 1985 to 2010 (in victoria they closed technical schools )We do not have enough trades people to build these missing houses now.And now Victorian Government is hiking up the tafe fees. I'm waiting for my voice in the DEC 2010…[Read more]

A rent of 600 per week equal an annual rent of $31200.At a rental yield of 4.5% the value of the house is $639333 on a rent of $600 a year.If the landlord has recently purchased the house their loan would be $639,333by the time they paid out stamp duty of $24,000 on top of the purchase price.and if LVR was 95% on their loan an extra 20,000 loan…[Read more]