http://www.investors.asn.au/reviews/books/?bid=227

If the tenant pays on time this is to be valued as it is extremely annoying when they don'tWorry if the front yard has two wrecked cars in it and the council is calling you to have them removed (don't laugh it happened to my parents)Worry if there are broken windows.While you do up a property it can take up to 3 months or more depending on trades…[Read more]

eski wrote:
Firstly I would like to thank anyone in advance for maybe helping shed some light on what I should do. Currently I own a property which I bought for 130k five years ago, I had it revalued (bank valuation) two years ago which came in at 200k. I'd assume it should be worth closer to 250k now comparing it to other properties on the…[Read more]

WJ Hooker wrote:
duckster,               I can understand your point of view. I too think it stinks that the government is always out to get the small time investor who tries to get ahead. They get you in land tax and now this, it sometimes makes you think that the best approach is to sell everything , spend your money, go on the dole and let…[Read more]

Strangely our federal parliament members can own a house in Canberra and still claim living away from home allowance of $215 a  night which pays off their mortgages while staying in their houses they own in Canberra.One in five claim a travel allowance while staying in their own investment home in Canberra.see…[Read more]

Sell property in QLD and buy in another or several states of Australia. Diversify as land tax is done on each State revenue office.As it is an investment you do not live in it so it can be in any state of Australia.

The Australian Labor Party / Rudd is discriminating against Mum and Dad investors..I thought the ALP's aim was to look after working families but I can't see how they are doing this by forcing landlords who are parents to avoid buying rental properties in major cities and thus adding to the lack of rental properties for working families to rent.…[Read more]

You need to be sponsored by a mortage broker company to gain membership into the MFAA due to the requirement to have 2 years experience which is impossible to get unless you can get sponsored / mentored it is a sort of catch twenty scenarioseehttp://www.mfaa.com.au/default.asp?artid=1879You also need to be lender accrediated for each lender you…[Read more]

The trading post or EBAYOr if you are desperate for a quick sale an auction clearing place. see below for an example http://www.youngsauctions.com.au/orSwan St Auctions & Sales365 Swan StRichmond, VIC 3121(03) 9428 0677?>

Angus Antique & Estate Furniture
263 Swan St
Richmond, VIC 3121
(03) 9428 2744?

It is also good for the data on the 8 last back pages for the growth of suburbs in each state of Australia. Sometimes a State may be missed out on the odd month.The business mall has a lot of books for sale on the internet   . http://www.businessmall.com.au/

Valuer can do a number of types of valuationsCurb side – They drive pastFull            – They examine the inside and outside of the propertyEstimation – From the plans of the house they estimate the value.Banks use a panel of valuers and you could ask the bank if they accept a valuation from another valuer on their panel,ASK the bank for a list…[Read more]

I would argue that the first home buyers grant has pushed up the price by allowing first home buyers to get $24,000 given to them rather than them saving up the money as property investors prior to 2000 had to.I have an $18,000 hecs debt I would love the government to give me $18,000 for nothing without having to pay it back.

This might help you get your head around working out the cost base
http://www.ato.gov.au/individuals/content.asp?doc=/content/36907.htm
http://www.ato.gov.au/corporate/content.asp?doc=/content/86198.htm
http://www.ato.gov.au/corporate/content.asp?doc=/content/00150720.htm

I can’t answer the other part of the question but if I was you I would ask…[Read more]

I am with CGU and I have claimed through them and it was ok but now they have an excess of $500 to pay on a claim.
not sure if they cover flood damage.

student accommodation – students have breaks in the year from university and do not really need to pay rent if they go home for holiday breaks.

Just an idea –

Made a mistake with last post

duckster wrote:
Superannuation is the most played around with investment by Governments.
The government is currently changing the laws in superannuation for salary sacrifice for over 50 year olds as they look for ways to cover the shortfall in tax revenue predicted for the next 4 years.
What else will change !
Lower…[Read more]

Superannuation is the most played around with investment by Governments.
The government is currently changing the laws in superannuation for salary sacrifice for over 50 year olds as they look for ways to cover the shortfall in tax revenue predicted for the next 4 years.
What else will change !
Lower income spouse Co-contribution – scrapped…[Read more]

Yes
You have to proportion your expenses
number of days 1st of may to 30 june 09 (if rented from 1st may)
divided by 366
multiplied by expenses incurred

So number of days after 1/7/09 to september 09
divided by 366
multiplied by expenses incurred

see http://www.ato.gov.au/content/downloads/IND00133187n17290608.pdf

However if you got first home…[Read more]

Welcome to the forum.Your first port of call should be to a loan manager or mortgage broker to find out what you can afford to borrow.This will dictate where you can afford to buy.

You can get a line of credit loan in your name secured against the joint owed property. However the bank will require your mother to go to a solicitor to have the legal implications of this sort of arrangement and the risks involved to her explained . The solicitor then stamps the loan paper work and signs it.This is required by the banks to…[Read more]