PropertyInvesting.com | jazamite | Activity

jazamite replied to the topic Australia ranks highest in least affordable housing list in the world!!! in the forum General Property

Mon, 05 Oct 2009 07:50:42 +0000

you will proably find that in these type of areas there is a lot of "future investment" that goes on – people on high incomes in other postcodes with little personal debt buying into these suburbs for retirement – incomes are only relevant to areas and can distort real investment in a partiular area

jazamite replied to the topic Changing Property Managers in the forum Help Needed!

Thu, 03 Sep 2009 08:27:10 +0000

Thanks for the feedback. I recall that the landlord pays the PM and a simple phone call is not that hard – its called service! Our agreement was if any works required undertaking that she notifies me prior as this is the way I like to run my ship as some PM are more focused on the tenant rather than the bill payer. My other concern is that i do…[Read more]

jazamite replied to the topic Rising Interest Rates Will Kill Australians Confidence in the forum General Property

Thu, 20 Aug 2009 07:20:17 +0000

should only fix rates when they are on par with variable and want to lock in otherwise stick to variable and pay off your loan based on the fixed rate being offering by the bank – build up equity rather than give it to the bank!!

jazamite replied to the topic Rising Interest Rates Will Kill Australians Confidence in the forum General Property

Wed, 19 Aug 2009 08:22:59 +0000

I dont believe rates will rise this year – probably a rate rise in 1st qtr 2010. Interestingly, the unemployment numbers are a little deceiving – there are simply showing more full time workers working part time meaning there are less people working a full time work with = less disposable income out working in the economy. I guess the RBA wants…[Read more]

jazamite replied to the topic buyers brokers in the forum General Property

Mon, 17 Aug 2009 09:35:29 +0000

Hi Richard,Im looking for positive cash flow properties in and around Melbourne or Brisbane. Would you know of a reputable buyers agent that focuses on such properties for these regions? Many thanks Jazamite

jazamite replied to the topic Tax depreciation VS apartment value in the forum Finance

Fri, 24 Jul 2009 09:20:46 +0000

excellent – thanks

jazamite replied to the topic LAND TAX STRUCTURE in the forum Help Needed!

Fri, 24 Jul 2009 09:08:10 +0000

hold properties in individual names not companies or trusts and spread your properties throughout the country

jazamite replied to the topic Capitalising Loans? in the forum Creative Investing

Thu, 23 Jul 2009 09:48:53 +0000

its best to get a private ruling – i applied for one and was approved it may take a few months but at least you know your safe

jazamite replied to the topic Suburbs within 10km from Brisbane City in the forum Help Needed!

Wed, 22 Jul 2009 09:23:46 +0000

yes they are close to the airport only a couple of klms in a straight line away. the runways are parrallel to these suburbs so they are not under the flight path unlike more exlusive suburbs in Brisbane like Hendra / Norman Park etc which can get very noisy

jazamite replied to the topic Tax depreciation VS apartment value in the forum On an unit price of $400,000

Fri, 17 Jul 2009 07:49:37 +0000

On an unit price of $400,000 what would an expectation be for depreciation benefit p.a. How do they break down land component vs building vs fixtures etc

jazamite replied to the topic Suburbs within 10km from Brisbane City in the forum Help Needed!

Wed, 15 Jul 2009 09:22:17 +0000

banyo / nudgee is a great area. entry level homes are still under $400k. Can still pick up a house on a double block for just over the median house price however on major roads or the industrial side of Banyo. Better double block sites are selling for around the $450k+ mark and over $500k for a partially renovated houses. I like the area a lot…[Read more]

jazamite replied to the topic Brissie Bargains for Llong Term Growth in the forum you wont get much for $280k

Sat, 30 May 2009 07:53:47 +0000

you wont get much for $280k maybe a pokey unit – try banyo / nudgee also as well as brighton / sandgate

jazamite replied to the topic 50% asset purchase bonus- Small business tax relief in the forum Legal & Accounting

Sat, 23 May 2009 11:52:07 +0000

is it possible to use an ABN that has not traded and receipted income to receive this incentive?

jazamite replied to the topic 50% asset purchase bonus- Small business tax relief in the forum is it possible to use an ABN

Sat, 23 May 2009 11:50:41 +0000

is it possible to use an ABN that has not traded and receipted income to receive this incentive?

jazamite replied to the topic How long to obtain a bank loan? in the forum Finance

Wed, 20 May 2009 04:07:13 +0000

Thanks for your comments Richard. We just seem to be going around in circles with Westpac atm. I thought a refinance was easy so didnt really care who I went with. What funder is a better option for a refinance? Thanks

jazamite replied to the topic How long to obtain a bank loan? in the forum Finance

Wed, 20 May 2009 02:42:39 +0000

We submitted an application to Westpac via a broker about 6 weeks ago. The loan for a refinance was approved conditionally within a few days. However since then it has been a farce. We received a call from the valuer who avised they wanted to do an internal inspection (same valuer from 14 months prior!). Then the next day our broker support…[Read more]

jazamite replied to the topic what do you think of Redcliffe Queensland in the forum General Property

Mon, 23 Feb 2009 09:38:30 +0000

The problem with redcliffe is public transport (no rail line) and there are always loads of properties available for rent. I would not be buying a unit up that way as there is so much stock available and a few developers going bust. A good sized block of land will help in the long term but its main downfall is public transport and access to hig…[Read more]

jazamite replied to the topic home loans for sole traders in the forum Finance

Fri, 06 Feb 2009 01:01:39 +0000

richard …. what sort of questions will the ATO raise. I have been meaning to register an ABN since we purchased our investment property back in december 2007 on advise from our broker / accountant but havent done so as yet … will this be ok? we want to use the ABN for trust set up and property development potentially under low doc thanks jazamite

jazamite replied to the topic Low Doc Lending in the forum thanks for that ... what

Thu, 05 Feb 2009 08:18:38 +0000

thanks for that … what sort of information would a lender normally require to complete an application?

jazamite replied to the topic Interest In Advance - Refinancing Equity in the forum Finance

Wed, 12 Nov 2008 08:26:33 +0000

Thanks for the info. I found an interest post that covers this in some further detail. http://www.somersoft.com/forums/showthread.php?t=26532&page=4Of particular interest is the post from the 27/07/06. One would expect that by capitalising interest on a prepay in advance loan would qualify?

jazamite replied to the topic Interest In Advance - Refinancing Equity in the forum Finance

Tue, 11 Nov 2008 11:35:12 +0000

Thanks Terry. Could you expand on your comments re: income and tax minimisation?

jazamite replied to the topic Property Investors Trust - Chan and Naylor in the forum Help Needed!

Thu, 30 Oct 2008 03:26:30 +0000

Thanks for everyones feedback. I like the idea of a unit trust but dont standard trusts have a 80 year time limit. Apparently the C&N trust is infinite? Are they costly to set up. Terry, are you aware of a good property accountant in Brisbane who could set this up. Much appreciated. Cheers

jazamite replied to the topic Property Investors Trust - Chan and Naylor in the forum Help Needed!

Wed, 29 Oct 2008 11:34:30 +0000

can someone point me in the right direction on how a unit trust works for negative gearing purposes …. still much a novice regarding trusts thanks

jazamite replied to the topic Property Investors Trust - Chan and Naylor in the forum Help Needed!

Wed, 29 Oct 2008 06:52:04 +0000

so its possible to use a simple unit trust and still be entitled to structure for negative gearing?

jazamite replied to the topic Dual Occupancy conversions in Brisbane in the forum Value Adding

Thu, 21 Aug 2008 09:30:08 +0000

there could be land tax issues also.

jazamite replied to the topic deposit for commercial property in the forum Commercial Property

Sat, 16 Aug 2008 11:26:22 +0000

for the right commercial property GE Commercial Finance will lend up to 85% with amortisation terms of 25 years