Its easy to get really excited and motivated that you make the mistake of telling your colleagues/ friends or family.Wealth creation takes a certain mind set that these other people do not have. It is a bit like perception they see things differently to you because they have a different perception to you.It can take time to pull off your dreams…[Read more]

MIAA is now called MFAA

I was thinking it was the fact that the sun is so aggressive in Australia that it is safer for kids to play inside in a bigger house than outside and risk sun burn or skin cancer.

Sometimes you can have both by splitting the loan you would do this if you had an intention of making more repayment than was needed as the variable portion would allow extra repayments where as the fixed portion would have restrictions on repayment.So if you thought you may pay off 15% of your loan over the fixed period through extra repayments…[Read more]

Sometimes you can have both by splitting the loan you would do this if you had an intention of making more repayment than was needed as the variable portion would allow extra repayments where as the fixed portion would have restrictions on repayment.So if you thought you may pay off 15% of your loan over the fixed period through extra repayments…[Read more]

I do not live in QLD or have land in QLD but the state revenue office is where to source the answer to your question which I have done below for you to help you out !It looks like from their web site that you have to apply for the concession when you buy the property see application form link at bottom of these comments.and then it is a matter of…[Read more]

First you need to specialize – as it is hard to be everything to all customers.Are you going to be lending to new home owners, bad debt clients, business owners, property investors or self employed people.Once you decide you then have to target that segment.You need to create a profile document.This tells your prospective affiliate what lending…[Read more]

Dan,Did you mean amateur question?Water rates ,insurance, council rates and Maintenance – landlord pays all costs with residential. You may be able to get tenant to pay excess water charges.If you insure the rental payments with a landlords insurance policy you might need to have a lease agreement to be able to claim lost rent on the…[Read more]

Miss_Proulx wrote:
Hello to All you Property Peoples!…  Miss Proulx, Newbie here…We are doing a secret buget reno on mum's kitchen and bathroom whilst she isaway on holidays. We're making a start with measuring and quotes but we reallyhave NO experience at all. The kitchen and bathroom are both tiny, so much needsto be done (in 6 weeks!).…[Read more]

Financial review advertises a lot of commercial property.But do not discount the internet as a source of advertisementYou may be able to get real estate agent to advertise in http://www.realcommercial.com.au/ or You may be able to get real estate agent to advertise in http://www.commercialrealestate.com.au/or You may be able to get real estate…[Read more]

I do not want you to follow this information without a second opinion from the ATO, so I have included the relevant web sites that confirm my knowledge on tax law in this area.-Would we have to pay CGT on the profit (I assume yes).Yes and may be no.Is it a primary place of residence – Are you living in it while doing the renovations and what was…[Read more]

I have not heard of a specific loan product called Guarantor Loan however a simple search of google has come up with the information and it seems to…[Read more]

Ruth,This web site look like a great resource.I think car parks are more of a buy and hold for cashflow generating method of investment.I have been thinking of buying them as I can't borrow more than $70,000 from the bank due to low cash flow.

Another method is to get a special option on the property if you have time on your side.Called First right to refuse.So you get first option to buy if they sell it in the future. So if it was an elderly person and they passed away you would have first option to buy it from the benificiaries

Heard of a deposit bond ! Dangerous part – you have to pay off the deposit bond on the expiry date http://www.anz.com/personal/insurance/deposit-bond/http://www.lawyersconveyancing.com.au/deposit_bond.asphttp://www.depositpower.com.au/dpg/http://www.xinc.net.au/home_loans/deposit_bonds.html

I read somewhere that un-developed land near a development zoned neighbourhood is being charged a development charge to pay for the infrastructure required for development. Even though the property may be a farm or large acre.This was happening in Victoria not sure what other states are doing.

SELL one and buy another one in another state with a threshold for land tax. .Prince Nottingham is well and alive in Australia.GST was suppose to replace all other taxes . Hmmmm

Enquire at a bank on how much you can borrow – You do not have to apply for a loan just tell them you are thinking of getting a loan and would like an idea how much you can borrow before you go out and buy a house. I always do this before I go out to buy.

finnings first national http://www.finning.com.au/index.cfm?pageCall=content&ContentID=32761&MenuItemID=33033&subject=Contact_UsClose to Narrewarren …. I use them they are always on the ball…[Read more]

I have a view point that paying $500,000 plus for a house limits who you can rent out the property to.I own property worth under $300,000 in Cranbourne and it is affordable rent for the rental market.The other point is would you rather have all you money in two properties or spread over 3 or four properties. It is putting all your eggs in one or…[Read more]