cgu have been good to me with landlords insurance and I am sure that they will refer you to the right insurance company as they are extremely helpful to customers if they can’t help you..

check out http://www.cameronbird.com.au as a possible resource it is free to sign up. I have just signed up for their newsletter but haven’t received it yet. I cannot guarantee that the properties are market value and you might need an independent valuation before proceeding any further with a property purchase.

You may need to use a quantity surveyor to get an estimate of the property age and building cost to use for building writeoff depreciation

Car parks have an element of risk API FEB/March 2003 has an article on the risks involved. See http://www.apimagazine.com.au. You can order back issues. Getting the lease renewed after the current lease to the car park operator expires is a Risk. The government trying to tax car parks to discourage cars coming into the city. Extra charges like Sewerage…[Read more]

Another thing to consider with centrelink payments is that if the tenant owes money for Tax, Child maintenance or over payment of centrelink payments or two identities or a defacto discovery the money could be taken out of the centrelink payments. This may mean your centrelink payment doesn’t cover the rent.

No problem the Government and employers will just keep bringing in more skilled workers from overseas rather than providing any trade skill training for Australia’s youth. She’ll be right..!
Those youth that miss out will be looked after in the future as Centrelink likes to look after people that do not own any assets and have absolutely no…[Read more]

Ask your parents for a loan for the required deposit rather than going guarantee. This limits your parents risk to only the deposit loan amount.
See if a part colaterial amount can be guaranteed instead of your parents risking their whole house.
The risk is a real and valid concern that your parents have and people do lose houses this way as seen…[Read more]

If you do rent out the PPOR do not under any circumstance try to claim the interest on your new home against the rent from your old home.
This will not be allowed and is a common mistake that tax payers make.
The 6 year rule can be found on the ATO web site .
During the 6 years if you elect to have the first house remain as PPOR the new house will…[Read more]

If you keep the tree you will be always wondering every time there is a storm as to whether the house will have a newly created skylight installed by a falling tree branch. It is costly to remove trees but the peace of mind is well worth it.

You could keep it as main residence and rent it out
check out
http://www.ato.gov.au/individuals/content.asp?doc=/content/36887.htm
drawback to this is other property is not main residence and liable for CGT

If you use the original house to borrow against you are putting this house up as a guarantee for the other house. If something goes wrong you lose both houses to the bank. By dividing you are seperating the risk across two houses.

I think some will sell the empty nest and move into a smaller dwelling
that is less hassle to look after. Some will go to the seaside some will go bush, some will buy a Winabago and tour but as they move into these areas the prices will increase prohibiting them and forcing them to move to a smaller place close to their grandchildren and Daughters…[Read more]

check out
http://www.greyarmy.com.au/franchise.cfm
or
http://www.jims.com.au

Answer
Normal Conveyance Rates / stamp duty as of 2005/2006 financial year
$100,000 to $250,000 equals $2,200 plus $4 per $100 or part thereof above $100,000 (my calc this equals $6200 )

Special Rates apply for first home buyer grant recipients though

You have to factor in legal costs (conveyance), new loan fee probably $700 (added to morgage),…[Read more]

Note how much the land cost if pre 99 you might use indexation otherwise go for 50% discount. Cost of land added to cost base.
Note how much the houses cost to build, this is a cost base
Note how much the holding costs are eg RATES, Insurance, Borrowing Costs (spread over five years or less if life of loan less than 5 years), Legal Fees as they…[Read more]

Steve sells on this web site a buyers beware kit
This has information about writing offers in it
see
https://www.propertyinvesting.com/resources/1.html

An idea:
The Tenant has been there 12 years and probably pays the rent on time and doesn’t want to move. You could ask the Tenant if they are willing to sign a new long term lease with the buyer
. Then you could advertise the property as ideal for investment with a long lease and reliable paying tenant.
Or
you might be able to wrap the property so…[Read more]

Finding positive cashflow is very difficult in this current market. One other area to consider is building writeoff as a way of creating extra cash flow at the expense of reducing your cost base = more capital gains tax. building improvements can push a house into positive territory. Steve Mcknight also mentions in his book about being a fixer of…[Read more]

the magic date is the 13th of may 1997 – property purchased after this date is subject to a reduced cost base if building writeoff depreciation is used.

have a close look at POSH
http://www.manaccom.com.au/
more info
http://www.manac.com.au/products/73381/pdf/POSH-Std.pdf
$235
I used POSH but I only own one property at the moment and haven’t used the program recently. So I can’t rememer if you can add notes to it. I know you can add pictures for each property as well as tenant payments.