There you go – Richard already responded while I was typing and he's close to the ground there. Seems like the Gold Coast  is still a dud.

Cheers

Jamie

tanner892 wrote:

As this is my first investment, does anyone have any major obligations against investing in an apartment in Surfers Paradise? I am aware of the abundance of apartments here and my biggest concern at this time is finding tenants, although many of them seem to be already rented out, there is still nonetheless many many…[Read more]

Hi Mic

Welcome aboard.

Looks like it's difficult getting numbers together for a Hobart meet-up.

No need to worry – so much is done online these days. Forums like this bring all sorts of investors and industry professionals together – we don't all need to be in the same building to share knowledge and experiences.

Stick around – ask and answer…[Read more]

Hi Franky

I'm with you – usually a quote is a quote. I don't think I've ever been charged for one – even by tradesman that haven't ended up carrying out the work.

Cheers

Jamie

Hi Roberto

I don't have any facts or figures to back this up but I think there's seasonal adjustments in certain locations.

Take Canberra for instance – it seems that during the winter, there's probably less people out and about checking out open homes – and you can't blame them, the weekend that just passed was terrible! However, once Spring…[Read more]

Hi Ck

Welcome aboard. 

Here's some old threads from a quick search that I done that might…[Read more]

RobertoH wrote:
We've been looking at a property that we think is nearing the end of its listing (nearly 90 days) – without any serious interest.

What implications does this have for us as a buyer? Is the agent more likely to pressure their vendor to accept a lower offer, in the hope that they will get a commission, and that the seller will get…[Read more]

adam.p wrote:
Thanks Jamie. That's what I had in mind.

I just wanted to know if this is ANZ thing, not the same for all lenders.

Some lenders will say that they won't extend an IO term past a certain number of years – but in reality, it's something that can be worked around.

ANZ are a bit funny – they see changes such as reverting from P&I…[Read more]

Hi Adam

I wouldn't pay too much attention to it – in 10 years time, you should be able to set up another interest only period. If not with ANZ, then with another lender.

Cheers

JAmie

Hi Togaf

I've used this website to receive quotes from different trades – http://www.homeimprovementpages.com.au/home/index1

It's quite handy – you provide a description of the job and the replies usually come back quite quickly.

Cheers

Jamie

I'm with you – kitchen and bathrooms are a couple of big ticket items when it comes to value add. I'm not sure I'd be willing to spend too many dollars on external concreting. 

Cheers

Jamie

From memory, I think Dan who has a simpsons character avatar is an accountant in your neck of the woods. Always a good contributor so would be worthwhile getting in touch with.

Cheers

Jamie

daniel vic wrote:
 i cant find no one interested to share storys , tips or knoglege with me
[/quote

Hi Dan

Welcome aboard.

You've come to the right place. Everyone on the forum shares at least on thing in common – an interest in property investing.

Stick around and contribute – most of us don't bite

Cheers

Jamie

Hi w8up

where are you located? Sounds like you may benefit from speaking with another accountant.

Cheers

Jamie

Link

No worries Shaun – best of luck

Cheers

Jamie

Terryw wrote:
you can keep the.money for another year

Just don't blow it! Work out how much the CGT will be and don't touch it –  place it somewhere where it's either saving/earning you money for the year.

Cheers

Jamie

Agree with Terry – if this is going to become an IP in the future, then take out a larger loan and drop your remaining funds into the offset.

When it becomes an IP, you move those funds out of the offset onto your next PPOR. Here's an article I wrote for API magazine that explains the concept.

Cheers

Jamie

Hi Chetnik

I don't know of any.

What's the main goal with this loan?

Do you want to simply pay it off as quickly as possible? If so, set it up as P&I and pay as much as possible into the loan. Also set up an offset against the loan and have your income(s) paid into the account.

If there's another goal – like turning it into an IP at some…[Read more]

Hi and welcome aboard.

These threads might help

https://www.propertyinvesting.com/forums/getting-technical/legal-accounting/4323940

https://www.propertyinvesting.com/forums/getting-technical/legal-accounting/4337391

https://www.propertyinvesting.com/forums/getting-technical/legal-accounting/4329336

Cheers

Jamie