PropertyInvesting.com | jack620 | Activity

jack620 replied to the topic help with old apartment in the forum OK, I'll look into that

Sat, 13 Nov 2010 08:26:49 +0000

OK, I'll look into that too. Cheers

jack620 replied to the topic help with old apartment in the forum General Property

Sat, 13 Nov 2010 03:07:03 +0000

Thanks for that. It's in Melbourne. I'll look into the fees.

jack620 replied to the topic body corporate fees in the forum Thanks Laura. I'm sure you

Sat, 13 Nov 2010 01:52:38 +0000

Thanks Laura. I'm sure you are correct, but it's complicated by the fact that newer properties generate a decent building depreciation tax deduction, which can exceed the BC fees.

jack620 replied to the topic body corporate fees in the forum General Property

Mon, 01 Nov 2010 06:11:22 +0000

There are lifts, a pool, gym, onsite manager, CCTV security. If you live in the apartments it is probably good value. The question is whether it makes a good IP given that the rent doesn't seem to reflect the high BC fees.

jack620 replied to the topic body corporate fees in the forum General Property

Sun, 31 Oct 2010 23:01:14 +0000

Thanks,To my mind the very high BC fees make these types of units a no-go for investment. By my calculations the rental return on the 3/2/2 is 3.6% after deducting BC and management fees. That seems pretty poor. Obviously you would expect higher capital growth in the city, but I'm not sure how well these types of high rise (10 storey) apa…[Read more]

jack620 replied to the topic Inner Melbourne Unit Growth Figures in the forum Help Needed!

Wed, 20 Oct 2010 21:45:46 +0000

Hi Lincoln,thanks for the feedback. I can see how new, relatively low cost developments like student accommodation would drive down the median price and therefore stunt the growth figures.I'll take your advice and visit the suburbs I'm interested in to get a feel for the more desirable bits, then start looking for units in those places. I've ma…[Read more]

jack620 replied to the topic quantity surveyor's report & depreciation in the forum Legal & Accounting

Fri, 01 Oct 2010 11:28:13 +0000

Hi Neil,straight from the horse's mouth! Thanks very much.Rgds,Jack

jack620 replied to the topic backyard? in the forum General Property

Tue, 28 Sep 2010 07:32:03 +0000

Thanks DWolfe. Agree, older kids don't go outside much. Food for thought.

jack620 replied to the topic advice in finance structure please in the forum OK Terry, thanks for the

Fri, 17 Sep 2010 09:15:47 +0000

OK Terry, thanks for the explanation. I'll take it up with the accountant next week.

jack620 replied to the topic advice in finance structure please in the forum Finance

Fri, 17 Sep 2010 06:54:40 +0000

Lincoln,thanks I saw that article. I'll see what's available near the city too.Terry,I should have mentioned I've got 2 kids at private school, so PPOR will probably be paid off in 3-4 years depending on how negatively geared I get. I reckon rent would have to increase from the expected $480pw to over $1000pw for the IP to become positively g…[Read more]

jack620 replied to the topic advice in finance structure please in the forum Finance

Thu, 16 Sep 2010 22:41:49 +0000

Thanks very much to both of you for the detailed responses.I do plan to negatively gear the property and the plan is not to sell until after i retire, so I think I'll go for the 99 me, 1 wife share split.You read my mind Banker- I have only been looking at the "3 M's" although beach side of Nepean highway can get a bit expensive and new…[Read more]

jack620 replied to the topic make builder an offer? in the forum Help Needed!

Thu, 04 Jan 2007 01:13:32 +0000

Thanks for the responses. I’ve always been a bit sus on off-the-plan purchases and you’ve confirmed my doubts. Interesting comment about going for return rather than growth. I’ve been trying to find out what a ‘good’ rate of rental return is. people talk about 5% being the average, but is there an easy way to work out what the average return…[Read more]