It sounds like you've done enough research to know a bit… seeing as you're mentioning discretionary trusts.  Keep in mind that not everyone around you has done the same research.  So for instance, if Uncle Bob suggested at last Sunday's barbeque that he knew the precise kind of property you should buy or how you should finance it, keep in mind t…[Read more]

For an extra $80 a week i would definitely do a $6500 reno. It is a 64% return on investment. $80 * 52 / $6500 equals 0.64 which means 64%. Even factoring in the cost of the vacancy and readvertising it will still be a great return. In my opinion if you are.going to go to the effort of value adding, you do want to reserve your money for smash it…[Read more]

Thanks heaps for sharing this info Richard you're a star

PM me means private message me

Not to offend anyone, but can't say I like the bird-named streets in Norlane.  There are very few streets I would consider in Norlane.  Loosely, they are bordered by Donnybrook Rd (but not including Donnybrook Rd itself), Anakie Rd (but not Anakie Rd itself), Thompson Rd (but not Thompson Rd itself) and the rail line.There are parts of Norlane t…[Read more]

You really shouldn’t turn your nose up at a suburb due to its stigma. I have made it my business to get to know Geelong very well, spending each weekend and some weeknights here, talking to lots of agents and tenants, attending loads of opens to understand demand. And visit shopping areas to understand the demographic. There really is no ignoring…[Read more]

Richard wait till you hear what St George did this week… you will love it

Take a drive, use your eyes and you will learn useful things such as which streets have one too many sofas on the front porch, or which streets have too many units. Talk to some local realestate agents to find out what kinds of properties are in most demand, and monitor how long things take to disappear from the rental offerings on http://www.realestate.com.au

Yes avoid Fairbairn Drive area. Corio is great for investment. It is certainly my strong prefetence over Norlane as it has better facilities (shopping centre etc) than Norlane. Norlane has too much of that scabby little strip of shops thing going on for my liking.

For normal suburbia, prices go up about $40-$50k per bedroom.  So if  you know what a 4bedder in the area costs you can work from there.  That said, there are very few buyers needing a 7bedder so you can knock the price down due to lack of demand.If the two dwellings are separately metered for water, gas, and electricity it is a fair bet it is al…[Read more]

We'd all be extremely interested to hear how this pans out… would you keep us posted on developments?

0.9% on a $500k loan saves you in the order of $4500 per year. PER YEAR.  That's quite a saving.  I'd be keen to get my way. 

Don't be stingy.  I am sure you have a safety switch in your own home protecting your safety.  Electricity is dangerous.  Put safety switches into your Investment Properties.  It's a tax writeoff anyway.  Further, you will be able to sleep better at night knowing you've not stinged on something so important. 

The stats pages at the rear of the Australian Property Investor Magazine can give you the answer to your question

Just give a call to a local draftsperson and they'll be able to give you an idea… as will the council.

Just give a call to a local draftsperson and they'll be able to give you an idea… as will the council.

$100K deposit will get you a $400K purchase ??  $80k is sufficient for an 80% lend, which is certainly achievable through some smsf lenders.  $100k would get you deposit and also stamp duty.

b.free2live – good stuff.  Just be really sure she is experienced and successful with SMSF loans rather than just standard property loan applications lodged under a person's name.

If your broker has told you he/she is "looking into" a smsf loan for you, um…I'd be wanting to hear from my broker that they knew precisely which lender to approach based on my circumstances, given that he/she has put through tonnes of successful smsf property loan applications previously.Has your broker got experience in doing this?  It's…[Read more]

ajacks wrote:

JacM wrote:
Keep in mind that tradies have rather physical jobs, which takes a toll on the body.  As such they will have to retire from the profession far earlier than someone with desk job.  With that in mind, it makes sense that they need to charge accordingly..

I'm not really sure how that line of reasoning stands up to j…[Read more]