draw back – property value of finished product drops and developer decides to pull out of the development.

maybe it is a retirement town. As an example Warrnambool Victoria has low employment but is by the seaside and since 2000 has had people retiring to it.The level of development has been amazing. a new home maker center and new housing estates being built.in 2006 the population was around 28,500 mark and it is predicted to expand to 40,000…[Read more]

Yesterday 150 people lost their jobs in Victoria from a manufacturing company that was a US company that decided to cut costs.The problem comes down to momentum. High interest rates, high petrol, high taxes (stamp duty) slow down the economy.Now that the interest rate is lower and petrol is lower the slow down is still happening because of what is…[Read more]

I've wondered myself if it would be cheeky  to then transfer the credit card balance to another bank on one of those low 18 month intersest rates of 2.9% I have seen advertised.

You never know they might integrate the chimney into the development so it doesn't stand out too much. In Melbourne they built a shoping centre around a chimney used for making shot. It now is a feature inside Melbourne Central Shopping centre.

How will you pay the stamp duty when you buy this property ? usually 80% lvr for equity loan so 400k * 80% = 320 k so you could borrow zero as you don't have enough equity.

Find out if chimney is staying there. Are there plans by a developer in at the council  to build a similar apartment block on this site across the road. The chimney may have a historic order on it and will never be knocked down.Maybe the developer you are buying from is waiting for all the apartments to sell to have enough money to do the same…[Read more]

How long has wife worked for your company as this will affect this idea but it worked for my father a couple of years ago when he went for a loan.

Do not forget the CPI at  say 3% so when  you get your pitiful interest payment then subtract the Tax payable and CPI loss and your savings are going backwards.I stopped saving money in the early 90's due to having to pay tax on interest earned on saved already earned taxed money. 

If you want this type of hands off type of property management you might be better off getting a DHA house.check out http://www.invest.dha.gov.au

If you had half the year neg geared and the other half positively geared you work on net income or loss for the whole financial year.So you may end up breaking even.Really depends on your tax rate. but remember for example on a 30% tax rate you actually lose 70% to get back 30% for negative gearing.for a $100 lose a week you get $30 dollars…[Read more]

They are known as quantity surveyors

Buy off the plan before JUNE 30th 2009 and move into it for 6 months after the house construction is complete.http://www.treasury.tas.gov.au/domino/dtf/dtf.nsf/v-fhog/7F20E246704802C9CA257145000C0258See last line on extra boost in FHOG eligibilitySave as much money till that point in time that you enter into a construction contract for a deposit.

The more interest you show in the property the more the real estate agent will try it on.You must be prepared to pass on this property and use your time to look for a better deal. If you can get over your anger and move on to looking at the next deal that will come up.You can then tell this agent you have made a mistake and have now changed your…[Read more]

Darwin , Welcome to the forum.check out http://www.adelaidepropertyfinders.com.au – haven't used them myself but they advertised in the december 2008 API magazine.Visit http://www.ato.gov.au as I think Minors are taxed at 48.5% when the income reaches a certain threshold to stop people transfering money into their kids names. Check out the two links below…[Read more]

You may be able to use a longer settlement as a bargaining point with the seller. As it gives the seller more time to organise somewhere else to live. They might bring down the price for the opportunity of saving interest from bridging finance.You do not usually pay interest on the loan until settlement occurs and you get capital growth in the…[Read more]

I think the problem occurs when you grow a massive property portfolio. Don't forget that Steve's book is 200 plus properties.So for an example you have 200 properties cross secured and property 201,202 and 203 go belly up you risk losing property from the 200 plus properties. Also when you own 200 plus properties they are not going to be owned in…[Read more]

Does property have built in robes, air conditioning, ducted heating, modern kitchen , good bathroom, recently paintedWhat you have to do is compare what other properties are renting at. And what features they have as mentioned in the first line of this comment. I looked on…[Read more]

read a book called Unlimited Cashflow by Craig Turnbull -ISBN 0-9775209-1-9

A maximum geared property has less of your cash in it and more borrowed money in it. So you could have another property that is non tax deductible having less borrowings against it while having the deductible property having more borrowings and less deposit through cross co laterilising it.Alternatively you may have one property that is positively…[Read more]