The three M's are not necessarily run down, the property's are not badly kept, the problem is the tennants that are attracted to the area may not have the best references??  Many get caught out. You might be right though, there may be some good opportunities there, but there is so much better available there… Re the thread, on the right hand…[Read more]

Hi howie,  Event Horizon is spot on.  Not sure if your currently doing it, because it is amazing how many accountants to advise there clients to get on board and have there properties surveyed for depreciation.  The way it works is you have an assessor come in and value the property, things like curtains, floor boards etc etc.  they then set up…[Read more]

Mark, with out a doubt a good investment area.  Stay away from the 3 M's.  Suburbs that start with M in and around Cairns for obvious reasons, a drive up through the will show you why.  We have a property in Palm Cove and it has been an excellent investment, had it two years now and runs at about 80% occupancy as we holiday rent it..  Good are…[Read more]

Hey there Howie.  Lets not get too hasty about selling up.  Interest only loan indicates that you have set up things for tax reasons.  Have you had the property you bought assessed by an investment property depreciation specialist. I am not talking about negative gearing etc, but depreciation specialist.  Let me know, regards Gerry