if your purpose of doing this is to avoid tax the tax department will not allow it.The purpose of what you are doing is also taken into account.So if the purpose is to try and reduce your tax through paying off a non income producing asset loan it could be seen or even a ruling may be taken that it is a tax avoidance scheme.A better scheme would…[Read more]

Welcome to the forum.Question one. Depends on if you wish to develop property. As a new investor you may want to purchase property that has a large enough land component to do a future D/A application on. Recommend you read Unlimited Cash Flow by Craig Turnbull on development chapter. Some property's are sold as a possible future development site…[Read more]

I have a Bonaire evaporative cooler in the house I am living in and am happy with it. It doesn't work on humid days but it is cheap to run compared to refrigerated  a/c. It has a fresh air option that I have found useful when a cool change does arrive as it pumps the cool change straight into the house. It also self cleans and drains the water…[Read more]

Mel,Biggest problem is getting a loan for retirement properties. A line of credit will be ok but if you need to use the retirement unit as security for the mortgage the mortgage insurer may be concerned that your market for resale is limited to retired people. I have no experience in purchasing this type of investment but know this could be a…[Read more]

Depends on how good your property manager is. Mine I let them do advertising, reference checks, project management of renovations, chasing rental arrears, repairs, ect. The property manager is a good one as I sacked my last one who wasn't.Do you want to be an active landlord when you own more than one property? If I was you I would yet more…[Read more]

Could be a baby possum I have one in my house but haven't been able to catch it. Looks just like a mouse also but tail is longer.

There is also a mention in the August 2008 edition about an investor living in USA having invested in Mildura for the higher rental return yield .

Here is another two I have discoveredhttp://www.noagentproperty.com.au/http://www.owner.com.au/

If you are in a hurry to get tenants drop the asking price for the rent by $20 a week from what the market price for the area is due to the short lease condition.

The tax implication of living on the equity is that the interest paid on the increased borrowings is not tax deductible as it is not being used for the purposes of producing income. This was covered in Australian Property Investor Magazine.Option 1 – If you sell some of the properties with the most equity and cop the CGT tax you can pay down the…[Read more]

What does your council rates notice say your property is worth as they are reviewed every two years just add the land value plus the site improved value. The reason you need a valuation is to work out a new cost base from the moment your house went from PPOR exemption for CGT to non exemption CGT status when you rent out the house. This is so you…[Read more]

Family renters with young child would be renting in a quieter not so busy location.Getting in and out of property with a car may be a problem.you could lose part of the front yard if main road is widened in the future.

Just remember that there are not enough rental properties to meet the renter demand now. So if the Labor Government fools around with negative gearing the number of rental properties available to rent will decrease and hence the high rents will get even higher. This is what happened last time the government fooled around with negative gearing and…[Read more]

Ausstudy If you are planning on getting Aus study you may have it reduced by any negative gearing loss as Centre link regards a loss as income for working out your income level for the Aus study. I invested in a property just before going to university and this was what I encountered with centre link. Also if you sell for a gain in the financial…[Read more]

for $20 bucks a month you could attend the property investor meetings in Sydneyseehttps://www.propertyinvesting.com/forums/property-investing/general-property/4325318I attend from time to time a similar meeting in Melbourne.You will meet people who are investors and see and hear from guest speakers.

http://www.jornada.com.au/ – join up for newsletter – Seminars come up from time to time(at the moment their focus is on share investment but property investment is also done when the market is right for it)attend https://www.propertyinvesting.com/forums/property-investing/general-property/4325318http://renos.com.au/news/88/Queensland based but I…[Read more]

Welcome to the forum.Wealth creation requires you to have a different mind set to most people.You have a car loan of $20,000 What do you think your car will be worth in 5 years time?What is the interest rate of your car loan ?If it was say 15% over a five year loan it will cost you approx $8,500 in interestIf you paid an extra $1000 a month you…[Read more]

There is a program called Free CD to WAV MP3 WMA AMR AC3 AAC Ripper 2.0 down loadable from http://www.amlsoft.com/ for FREE that converts CD files into MP3 for an IPOD.They also have a program called Easy Audio Recorder 3.1 that would record from your microphone input or AUX in input of your sound card from a cassette directly into MP3 format…[Read more]

Reservoir as a suburb has a weird shape. When you talk of train station are you referring to reservior train station in zone 1 or regent train station or Keon Park train station in zone 2. Reservoir has a nice lake called Edwards lake and is useful for getting to the Airport as the Western ring road connects with the Tullamarine Freeway without a…[Read more]

What you also need to factor in is what the property could achieve in capital growth in the future as at the moment you have lost $30,000 in capital value over five years. This may be handy if you want to claim a capital loss against another capital gain you may have made in your tax  return if you did sell it. It is important to factor in the…[Read more]