Employ a valuer to give you a valuation on your primary residence so you have a record of the current market value of your property before you rent it out. Make sure you do not claim interest for the portion of the financial year your house was PPOR. Make sure the loan claimed is directly linked to the property rented out.Depends on owners…[Read more]

I purchased a property with a 30 day settlement .Make sure you get Land Lords insurance as this held up my 30 day settlement and I only got the certificate of insurance 1 day before settlement and experienced some stress from this as the bank won't release the funds until this occurs.My trouble started with my normal insurance company stating the…[Read more]

Another brilliant method I just thought up is to contact Buyer advocates in Australia and tell them about your property as they will match buyers with what you are selling.See for an…[Read more]

Have you tried selling to the tenant.Have you thought of rather than giving a property away provide vendor finance for the property. I saw recently an ad where the seller was asking for 10% deposit and was asking $100 a week in rent for 12 months with settlement in 12 months. The house is just round the corner from where I live that is why I…[Read more]

The Money Magnet is from Brendan NicholsI have witnessed Brendan Nichols speaking at the Melbourne Property Investor Meetings and was impressed with what he was presenting.

Your problem is that you are not allowed to advertise for joint ventures because of ASIC. You are only allowed to approach 5 people a year I think was the rule unless you submit a propectus that is approved by ASIC.I have thought about this problem myself as I have limited income and realise I will have trouble affording property on my own.I have…[Read more]

Once upon a time in lala-cowboyland, a man wanted to make a lot of money for the least amount of physical labor and risk. Logically, he insured the building with landlords insurance instead of taking a massive risk with one single investment. As this investment had his life savings in it he got a very good property manager to manage and reference…[Read more]

Thought I would add a few more.You do not notice train line running behind the house before you purchased.You do not notice that a New freeway is being built on your land.Mining company decides to mine your property.You get bad tenants that trash house.Termites.Bed bug infestation.Mold infestation.Prior owner did an illegal extension not council…[Read more]

Having negative gearing is costing you $30,000 at the moment but just imagine if the interest rate has say  two .25% increases  to .5%. how do you find an extra $7000 p/a to cover the increased interest rate charge. So as an example on a marginal tax rate of  say 40% you pay out 30,000 to get a tax rebate of $12,000 so you are losing $18,000 a …[Read more]

To get a hold on your finances you have to stop spending money on assets that go down in value over time.Most people want the new Plasma Television or the New Car worth $32,000 that will eventually be worth $500 and usually owe $160 for every $100 they earn in income. This level of debt means that if a person loses their job they will go broke in…[Read more]

Do not forget to factor in possible stamp duty and mortgage insurance costs

Neil, Another way of going which is what I have sort of done is you buy a lower priced house say in Cranbourne around the $240,000 mark and travel into work on the train. The loan repayment would be approx $610 a week and it costs about say $100 a week for the train. so you are $290 a week better off. If you put the extra $290 onto the loan…[Read more]

They come into being useful when you do not have the time to go checking properties Disclaimer; never used one and possibly never will.

How about this idea .Short advert . For further details see www.{your website}.com.auPlace a web site with all the details. Use a service like http://www.freeweb.com

It is such a shame you have to pay to join the insiders group when a game like ms halo does the multi playing on other peoples servers and ms just lists the servers available for free.

Some financial advisers may get money / commission from a small percentage of what you invest over twenty plus years so the $3000 is upfront but are there any on going commission charges on top of this charge for the products you invest in ?I do not know if on going commissions work out dearer than $3000 up front .

Don't take financial advice from a mortgage broker unless the mortgage broker is licensed to give financial advice under the FSRA act 2004 as regulated by ASIC. http://www.fido.gov.au/FIDO/fido.nsf/byHeadline/CA08-06%20Are%20you%20getting%20the%20right%20advice%3F?opendocument"keep living in our PPOR, keep the IP and utilise as much equity as…[Read more]

It really will be a wait and see approach. If the RBA increases the interest rate they have to wait to see if the increase has the effect of slowing demand in the economy. this is known as a lag effect in economic terms."Should demand not slow as expected or should expectations of high ongoing inflation begin to affect wage and price setting, that…[Read more]

City bank are an international bank also that would be worth investigating.

bgduxbury@hotmail.comI do not use the email address for email just for use with MSN messenger.Victoria. Currently waiting for my two daughters to go to school so I can work again and put wage into investment as currently in a holding pattern with investing.