It would depend on the insurance company and I would suggest you ask any questions you may be concerned about as each are different.

[biggrin]

Cheers
Fluffy

I live on the Gold Coast and I would hve to probably agree with you in relation to Perth. It certainly needed a rise as it hadnt in a long time although I am sure you will see a correction I dont think it will be a huge one – but 8 – 10% may effect some people if they have bought a high priced property. I guess it all comes down to value…[Read more]

What an interesting story. Thanks so much for your info – I will go and have a chat to them – thanks again.

[biggrin]

Cheers
Fluffy

I have to 2nd that. I’ve had a property in Rocky for over 1 year and my property Manager is with Kas Woch. I havn’t had any problems so far.

Cheers
Fluffy

No trouble at all, I think I got things clarified. Would like to help you out with Melbourne but I don’t know the area that well. Hopefully someone else can give you a rundown!

Good luck with it all
[biggrin]

Cheers
Fluffy

Was pleasantly surprised when I read your post as I have 2 properties in Gisborne – yippee!. I knew the market had gone up there as have been keeping in touch but that price is fantastic. Do you mind me asking where abouts in Gisborne it was. Maybe I should look at selling and realise the gain.

You can pm me if you…[Read more]

Cheers
Fluffy

Just another thought, if you are happening to travel in the North Island, I’ve found that the one of the cheapest car hire places is A2B Car Hire. I saved over $200 by hiring with them.

Hope this helps

Cheers
Fluffy

fluffy, on what basis could you possibly say that Campbelltown has a bad rep. Do you live here????

Hi Neo,

I have repeated my first post below again as possibly you have misunderstood it.

I grew up in Sydney and below I have listed some area’s I think you may be talking about. For the record though I wish to add…[Read more]

Interested to hear from Lonnie and Cashpoor and anyone else!

Cheers
Fluffy

I grew up in Sydney and below I have listed some area’s I think you may be talking about. For the record though I wish to add that although they didnt quiet have a good name it doesn’t mean you won’t make money, but I certainly understand you wish to be informed about the suburbs that may have a bad reputation (or used to) so here…[Read more]

Good On YOU!

I’m sorry I don’t have any real experience at property investing full time however I must say that leaving my job to invest in property full-time is a goal I have for next year, so it inspires me to hear you talking like this.

My only advice I have for you is to keep doing your research and reading books or if you get a…[Read more]

The best formula to use to work out your return when looking at a property is Annual Rent div by purchase price. Eg. $18,200 annual rent divided by purchase price of $320,000 = 5.6% return. This gives you a good guide as if your interest rates is say 6.5% then you know this is not going to be positive cashflow. I’m not saying you won’t…[Read more]

You are best to contact Minimogul, Castledreamer or Westan on this site. They find cashflow properties in NZ.

All the best.

Cheers
Fluffy

Soooo… if you can vacate for 6 years after living in it and not pay CGT, what about if you had a IP and lived in that for over 1 year? Does CGT still apply? (wishful thinking I think)

Also, what is the definition of PPOR – does this mean you can vacate but your mail still goes there so its counted as your PPOR?

[blink]

Cheers
Fluffy

Cheers
Fluffy

Thought I’d jump on the band wagon. I have 3IPs, and soon to purchase my 4th so consider myself a rookie but here goes. Some have already been suggested, but it sounds like you want a list of idea’s.

1. Fix a portion of your loan
2. Fix all of your loan.
3. Add value to your current IP’s and increase rents.
4. Buy more positive cashflow…[Read more]

Just wanted to say I had a wonderful time last night at Steve’s books launch and met some great people.

MichaelK – pity you couldn’t have made it, maybe if people are going to his seminar in Bris in November, we can all try to meet up again.

Alwayscurious, I was looking for you but couldn’t see any hairy person with a dummy hanging out…[Read more]

At the footer of your note it says join our database for great property deals.

Can you tell me what database that is?

Cheers
Fluffy

I know this is really late notice, but I’ve just had other plans cancelled – any chance of anyone else doing a no show so I can come to the Brisbane one tomorrow night?

Please, please, please – worth a try!

Cheers
Fluffy

I also was interested in these last year so I started to look into them and experienced similar to qwerty.

You can e-mail sales@dha.gov.au and they will e-mail you houses they have around the country or you can go to their website and join up if you want to check them out.

This will at least give you an idea of what they have. I still…[Read more]

I have sent you a PM!

Cheers Kylie:-)

Cheers
Fluffy

I am going to chat to my Aussie accountant next week and am then going to talk to a NZ solicitor.

Masteraccountants, Wow, so much cheaper than set up in Oz! Looks like a trust is probably the way to go. Can I ask, with a trust in NZ, do you have to distribute funds immediately (like you do in…[Read more]

I too have had drainage problems and after getting out a plumber who didn’t want a bar of it I decided to do it on my own. Based on my own experience below is what can be done.

As suggested previously you can buy an Agg. pipe from Bunnings and some gravel. Dig…[Read more]

I usually get my IP’s QS when I settle but they have never been new properties. My parents own an IP and they only got a depreciation schedule done 2 years after original purchase.

I am not an expert in this area however I recommend you contact “Depreciator” on this site as he has helped me immensely. He is very knowledgable in this…[Read more]

Not being too nosey at all – I have 3 IP’s currently and only usually do this as a one off with every new tennant. I find it adds a nice touch. I have had feedback from my landlord that they seem to appreciate it and some have sent their thanks via them to me. One tennant in particular prunes all the tree’s for me and even pulls…[Read more]

I agree that you may find the valuation is purchase price which seems to be the norm when you purchase a property. I suppose when you look at it market price is what the last person paid for the property (which is you).Don’t forget banks will always be more conservative then say real estate agents – banks take into consideration what they…[Read more]

Thought I would share with you what I do for my tennants. Rather than gifts as they go along the lease, I usually start with something at the beginning of their lease. I add those little touches like toilet paper in the toilet, nice smelling scents in the bathroom and I leave a bottle of wine with a note on the kitchen bench saying…[Read more]

[blush2]
Cheers,

Fluffy

Thanks so much for your replies, much appreciated.

Mortgage Hunter, wow, thanks so much for your offer, I only got a chance to check this today so I have left a message for you on the number you provided. I will try to call again on Monday if you are available. Appreciate all the help I can get.

[biggrin]

Fluffy