PropertyInvesting.com | kooringal | Activity https://www.propertyinvesting.com/members/kooringal/activity/ Activity feed for kooringal. Thu, 16 Apr 2026 06:54:33 +0000 https://buddypress.org/?v=2.8.1 en-US 30 hourly 2 7c912aa7903b6b0688cdbd8f9746939f kooringal replied to the topic Renting with furniture ? in the forum No Subject https://www.propertyinvesting.com/topic/4366960-renting-with-furniture/#post-4422509 Sat, 16 Aug 2003 07:47:51 +0000 Hi Mikki, We rented a little cottage near the beach at Moffat Beach in Qld ‘fully furnished’ – we bought it that way – the old owners ‘walked out’ and left it ‘as is’ and that’s the way we ‘holiday rented’ it initially, then rented it ‘permanently’ ‘as is’ too.

We haven’t had any problems so far…but our first 6 month rental is just about to…[Read more]

]]> 0ca9883093c12ad48098214bdbde8170 kooringal replied to the topic not happy with valuation in the forum The Treasure Chest https://www.propertyinvesting.com/topic/4366631-not-happy-with-valuation/#post-4420675 Tue, 05 Aug 2003 06:30:14 +0000 chandara, as far as I know, if you only have ONE ‘PPOR’, you can rent it out for up to 6 years, and if you sell, it is CGT free.

check with the tax office about how you maintain the rented property as your ‘ppor’ – do you still have to be enrolled for voting there? divert your mail from there? dunno. maybe someone else in here will know?

if…[Read more]

]]> 9b518bcef6dd37849b4ef4a6e3211e5c kooringal replied to the topic not happy with valuation in the forum The Treasure Chest https://www.propertyinvesting.com/topic/4366631-not-happy-with-valuation/#post-4420670 Mon, 04 Aug 2003 12:46:07 +0000 [Terry W and Chandara, thanks for the advice. K.

quote]
Kooringal,

Just one month ago we have moved from our PPOR and rented a couple suburb away. Therefore, we turn our PPOR into an IP. The tax dept also asked us to get a professional valuation to value the property for base value due to cap gained in the past. I am very happy with the price…[Read more]

]]> 4390ff511cd8ff0d9fda2e56efda6eb5 kooringal replied to the topic not happy with valuation in the forum The Treasure Chest https://www.propertyinvesting.com/topic/4366631-not-happy-with-valuation/#post-4420669 Mon, 04 Aug 2003 12:27:01 +0000 [
Hi Comdom, this is our ‘old’ ppor, we have a new one, the six year rule won’t apply to us – we can rent out our ppor for up to 6 years and still sell capital gains tax free – AS LONG AS WE ARE NOT MAINTAINING ANOTHER PPOR – and in our case, we are.

SO, the cheapest and easiest way to ‘lock in’ the capital gain that occurred while it was our…[Read more]

]]> c0cd761c16f29f77ecab02cf21a8c66c kooringal replied to the topic not happy with valuation in the forum The Treasure Chest https://www.propertyinvesting.com/topic/4366631-not-happy-with-valuation/#post-4420664 Sun, 03 Aug 2003 03:11:57 +0000 Thanks David U. I did give him the prices of a few houses near us, but not in writing with all the details, as you’ve suggested.

I forgot to mention the vacant block across the road – just forgot – HELLO!!! I hear you say!

I will do as you suggested and I guess I must just pay full price for a second opinion.

(It takes me TWO DAYS to earn…[Read more]

]]> 09de49ea7054d5b2179234b55600708f kooringal replied to the topic not happy with valuation in the forum The Treasure Chest https://www.propertyinvesting.com/topic/4366631-not-happy-with-valuation/#post-4420662 Sun, 03 Aug 2003 02:53:48 +0000 HI BC, I’d be delighted with this valuation! It would be in my favour by a mile. I don’t think my partner would accept it though and I’m afraid I wouldn’t blame him!

I know if we sold the property, we would get $500,000 today and probably $600,000 if we wanted to hold out – but we wouldn’t sell it for that anyway, it will continue to appreciate…[Read more]

]]> 1e37163ec89553718e062ca36d4c97f7 kooringal replied to the topic Agent selling commissions in the forum The Treasure Chest https://www.propertyinvesting.com/topic/4366619-agent-selling-commissions/#post-4420615 Sun, 03 Aug 2003 02:48:45 +0000 Hi Tas INvestor, good luck with the property. I don’t know the ‘custom’ in Tas, but in north side brisbane, it’s quite ‘normal’ NOT to have to pay for ANY advertising up front. The agent takes it out of their standard REIQ commission. (I personally have never ‘negotiated’ less commission than this but I definitely would refuse to pay any…[Read more]

]]> 44db07b39dbb3c5775d4b8f9c9b633fb kooringal replied to the topic Was it like this ? in the forum The Treasure Chest https://www.propertyinvesting.com/topic/4366483-was-it-like-this/#post-4419712 Mon, 21 Jul 2003 05:17:53 +0000 HI, I read something about how it was then in the paper, I think on the weekend, sat’s courier mail (brisbane)..but…you could ring the tax office and ask, or your local MP and see if they have any research on how it was then…

you could also try a library?

but from what I remember reading, what you say is correct, you could still offset…[Read more]

]]> 8fd8d548f4be06ef17c52ecada80667f kooringal replied to the topic Buying a House with Dad! in the forum The Treasure Chest https://www.propertyinvesting.com/topic/4366385-buying-a-house-with-dad/#post-4419117 Sun, 20 Jul 2003 23:09:38 +0000 [
Hi Scott, you sound like you have it sorted and I am really happy for you. We have another friend who buys with his parents and it works for them (but they are not ‘cheap’ and he isn’t either…)

And you’re right, I should have INSISTED in talking about things with dad FIRST – he just thought I would do what HE wanted, which is the way it had…[Read more]

]]> f67daeac789c8eaa0fee6ce2f54799c0 kooringal replied to the topic Buying a House with Dad! in the forum The Treasure Chest https://www.propertyinvesting.com/topic/4366385-buying-a-house-with-dad/#post-4419114 Sun, 20 Jul 2003 11:20:41 +0000 HATE to be negative, mate, but DON’T DO IT!

Find a house you can buy YOURSELF! I KNOW it is really really scary, and what if you lost your job and what if…etc etc…BUT, there is NO way not to end up in arguments, him with ‘control’ over you, and unless you are a super docile daughter, DON’T DO It!

Take it from one who was BURNT!

Go out on a…[Read more]

]]> 108a6e9fd3cf6fb8e04d063ffbdaa10d kooringal replied to the topic renovation profit in the forum The Treasure Chest https://www.propertyinvesting.com/topic/4366357-renovation-profit/#post-4418950 Wed, 09 Jul 2003 07:28:23 +0000 HI Banner, we wanted to sell a house in Carina in Brisbane, the agents said we couldn’t expect $150,000 for it…it was a solid 3 brm home, but very daggy…we wanted $180,000…we decided to ‘do it up a bit’ and go for the $180,000, our gut feel as to what it was worth…we spent $13,000 and lots of hours (around our current jobs)…over 8…[Read more]

]]> bd4e299f5e1bb2e7609d1d3fc46c2fd0 kooringal replied to the topic Cronulla or Cairns? That is the question in the forum No Subject https://www.propertyinvesting.com/topic/4366355-cronulla-or-cairns-that-is-the-question/#post-4418945 Wed, 09 Jul 2003 04:36:45 +0000 Cronulla.

Kooringal

(PS don’t know the Cronulla market at all, but I know Cairns a little, high turnover of population, property managing agents generally slack, mildew a problem, shonky workmanship on houses a problem, a long long long way away from cronulla…but a good excuse to visit Cairns?

if it was me, if i could afford it, i would go…[Read more]

]]> 8d1535fbd6bd4f1e41c6965f6edc5cbe kooringal replied to the topic To hold or to sell in the forum The Treasure Chest https://www.propertyinvesting.com/topic/4366316-to-hold-or-to-sell/#post-4418706 Wed, 09 Jul 2003 04:10:34 +0000 hi Maximus, I’m no expert, but I’d hang on to it too. Sounds a nice little spot and a nice little earner, nice place to visit when you’re old and it’s all paid off, hang on to it! Kooringal

quote:
Hi again all. Just wanted to get an opinion (again) on one of our I/P’s. It’s a first floor one b/r unit in a high rise at Broadbeach (I know I…

[Read more]

]]> f26f3e63a83dc12f42a0e481d9c28958 kooringal replied to the topic We would welcome your opinion in the forum No Subject https://www.propertyinvesting.com/topic/4366296-we-would-welcome-your-opinion/#post-4418630 Wed, 09 Jul 2003 02:14:26 +0000 HI Rocky 2002 where did you buy? I have the same dream (my husband doesn’t, but he’s being talked around, I hope…), and we recently bought in caloundra. from what i saw of units, and prices, ALL is seriously negatively geared.

I think what you have done is fine, not from an investment point of view, but from a lifestyle point of view.

the…[Read more]

]]> e554c92623053f47e9cae00608a443b3 kooringal replied to the topic Should I accept this offer? in the forum No Subject https://www.propertyinvesting.com/topic/4366312-should-i-accept-this-offer/#post-4418696 Wed, 09 Jul 2003 02:03:08 +0000 caz, hang on to it, luv. enjoy your baby and hang on to that property. it is security for the future. a passive income in the future. a roof over your head in the future should ever you need one. make the repayments by hell or high water. don’t jeopardise YOUR financial future by being altruistic, ie thinking of your partner and your…[Read more]

]]> 67a14871336720e4e9ab9d29ca06a5eb kooringal replied to the topic Rent Increase - My Conscience Says Wait in the forum No Subject https://www.propertyinvesting.com/topic/4366332-rent-increase-my-conscience-says-wait/#post-4418829 Wed, 09 Jul 2003 01:54:40 +0000 Hi PG WA, as usual, this site blows me away with the wisdom and generosity of spirit of the contributors. They are giving really good advice I think.

I think you have to give 2 months notice anyway for the rent increase to take effect…we do here in QLd I’ve just found out…?

I think the best advice is to go and see her, have a chat, tell her…[Read more]

]]> 8a2498e7a248bbeb7ba91d5c007ae883 kooringal replied to the topic Both name or one name on Title in the forum No Subject https://www.propertyinvesting.com/topic/4366352-both-name-or-one-name-on-title/#post-4418931 Wed, 09 Jul 2003 01:32:16 +0000 Katsu, as Margaret Lomas would say, don’t just think of today, think of tomorrow. If the investment property will be paid off or positively geared within a short time, maybe it should go in your name, so you will effectively be ‘income splitting’, ie not all income will be earned in name of high income earner. We should have done this with one…[Read more]

]]> 00e50973b6ed5d40e180f79a064e2e30 kooringal replied to the topic Hard decision.....Advice please. in the forum No Subject https://www.propertyinvesting.com/topic/4366340-hard-decision-advice-please/#post-4418871 Wed, 09 Jul 2003 01:24:23 +0000 brendan, do whatever it takes, but my tip is NOT to sell the unit, do whatever it takes to hang on to it. I don’t know where you could buy anywhere else so nice so cheaply, and it will be passive income in years to come and the area will appreciate. Put that unit in your back pocket and don’t touch it.

Re mum, see how it all goes. Can you put…[Read more]

]]> 1219063fbc3b46cc1a8c84e42f377780 kooringal replied to the topic boring --- don't read! in the forum No Subject https://www.propertyinvesting.com/topic/4366245-boring-dont-read/#post-4418363 Fri, 04 Jul 2003 10:17:15 +0000 Hey bruce, you sound like a bit of a cranky buggar! sometimes we THINK we know what we are doing, but it’s nice to run it by others and there are lots out there with some really good ideas/tips. we’re not all greedy. we like to provide for our future and we like other people to be providing for theirs too – then we’ll all have less tax to pay…[Read more]

]]> 4f844eea2e07896756684713ad533de4 kooringal replied to the topic Should I get out of the deal ? in the forum The Treasure Chest https://www.propertyinvesting.com/topic/4366241-should-i-get-out-of-the-deal/#post-4418316 Fri, 04 Jul 2003 10:13:05 +0000 [
Hi there, I love Wellie Pt but I don’t like the sound of that house at all. Did you buy or let it go or are you still negotiating? GO LOW!

It is true termites are ‘everywhere’ in Qld, but NOT in the structure of brick houses you pay $270,000 for and rent at a loss.

NO NO NO

Don’t listen to the pest inspector. He wants you to spend $2500 on…[Read more]

]]> eab7bf02bef11e083475f80d30fe7b9a kooringal replied to the topic can I move into my I/P? in the forum No Subject https://www.propertyinvesting.com/topic/4366289-can-i-move-into-my-ip/#post-4418591 Fri, 04 Jul 2003 09:51:28 +0000 Maximum, you are only ‘up for’ CGT IF you sell – if you live in a house after it has been an IP, that is FINE – but WHEN you sell, you pay CGT on a proportional basis…ie…don’t sell until you retire, your marginal tax rate will be minimal, you pay CGT on HALF your capital gain at your marginal tax rate…proportional on the amount of time the…[Read more]

]]> 0508aa791c9d7730df846020e680327e kooringal replied to the topic PI.com Roll Call in the forum The Treasure Chest https://www.propertyinvesting.com/topic/4366097-pi-com-roll-call/page/3/#post-4417550 Thu, 26 Jun 2003 12:41:53 +0000 [Hi Dave C, good to hear your story, and thanks for letting me know you and AD are ‘locals’…maybe let us know if there is an exciting property meeting on in this neck of the woods that would suit someone like us…and doesn’t cost TOOOO much money?

kooringal1@optusnet.com.au

(‘kooringal’ is the name of the little shack we recently bought at…[Read more]

]]> 0a411304528dc5421cd1886ce35ac3ab kooringal replied to the topic PI.com Roll Call in the forum The Treasure Chest https://www.propertyinvesting.com/topic/4366097-pi-com-roll-call/page/3/#post-4417549 Thu, 26 Jun 2003 12:24:35 +0000 Yes, it was. Please don’t tell me you bought it?

quote:
Hi Kooringal,
The duplex wasn’t on Shaw Road was it by chance??

Enjoy
AD [:0)]
(Andrew)

“Character cannot be developed in ease and quiet. Only through experience of trial and suffering can the soul be strengthened, ambition inspired, and success achieved.”

]]> a8c321c4f49910d81e7da4af04310255 kooringal replied to the topic settlement issue in the forum The Treasure Chest https://www.propertyinvesting.com/topic/4366211-settlement-issue/#post-4418136 Thu, 26 Jun 2003 12:18:22 +0000 Hi Fullout, I’ve done the conveyances on our last three transactions, a sale and two purchases…ie I’m one of those ‘self acting’ after getting pissed off with slack solicitors…it is DEAD easy and CHEAP doing it yourself…IF you have straightforward properties, ie same family for 100 years etc, which ours have been so far.

I was SO excited…[Read more]

]]> 66ede58e1ad3c8c512f072090feddf22 kooringal replied to the topic PI.com Roll Call in the forum No Subject https://www.propertyinvesting.com/topic/4366097-pi-com-roll-call/page/2/#post-4417538 Sat, 21 Jun 2003 12:09:46 +0000 Hi Y’all, anybody out there from northern suburbs of Brisbane??? We’re in Stafford and would love to email/talk to any other couples/families in a similar situation to ourselves.

We’re late 30s, two little boys 1 and 3 yrs, hubby is an engineer and mum is a stay at home mum, but part time journo, working odd shifts on weekends when dad can look…[Read more]

]]> a61c51148d184e638da1bceb4bffdeb5 kooringal replied to the topic Transfer in the forum No Subject https://www.propertyinvesting.com/topic/4366089-transfer/#post-4417466 Fri, 20 Jun 2003 10:35:56 +0000 Laurie, my other problem is…I think I have been trying to be toooo clever…when I bought the investment property, we decided to move into it, to pay less stamp duty, for a year, ie one pays less stamp duty in qld if the home is to be owner occupied as opposed to investment…so…we left our PPOR, to move to the new house for a year, to satisfy…[Read more]

]]> df706c72dd6b40694a9d85794c820d01 kooringal replied to the topic rent contract in the forum The Treasure Chest https://www.propertyinvesting.com/topic/4366157-rent-contract/#post-4417877 Fri, 20 Jun 2003 10:11:04 +0000 [HI Glenn,

having had some VERY ordinary experiences with property managers, I am now managing two properties ‘by myself’.

So far, all is well…I take care of my places, I CARE if something is broken or not working, because I want my place looked after, and I want my tenants to come to me if there is any problem, I check the bank account to…[Read more]

]]> abec15d6f08fae1b5b9e78e6dfb43f05 kooringal replied to the topic Transfer in the forum The Treasure Chest https://www.propertyinvesting.com/topic/4366089-transfer/#post-4417464 Thu, 19 Jun 2003 23:04:56 +0000 Laurie, old PPOR was inherited in Sept 1999, so well after 1985. The big capital gains occurred in Brisbane, as most other places in Aust, over the past couple of years. It was probably worth a bit less than $200,000 then, it is worth about $500,000 now.

We moved to another house 6 months ago to do it up while living in it, and to leave the…[Read more]

]]> af7229d55d42096e69f162ebf00b34c5 kooringal replied to the topic Transfer in the forum The Treasure Chest https://www.propertyinvesting.com/topic/4366089-transfer/#post-4417461 Thu, 19 Jun 2003 02:11:01 +0000 Hi Michael, how do you transfer your PPOR into a trust FREE OF STAMP DUTY?

We have moved from one PPOR to a new PPOR and we have six months to dispose of the old PPOR capital gains tax free, and there has been a huge capital gain in the old place while it was our PPOR, so without selling it, we wanted to ‘lock that in’ somehow…

So what to…[Read more]

]]> ad0ebb39c68e4a014a384280354d5cec kooringal replied to the topic The renter wants to buy. in the forum The Treasure Chest https://www.propertyinvesting.com/topic/4366043-the-renter-wants-to-buy/#post-4417210 Mon, 16 Jun 2003 10:53:39 +0000 Errrgghhh! A tough one. If you have been ‘renting’ the property out at about 30 percent less than market rate, because you are ‘unofficially’ the 3rd party in the house, but really you stay with your girlfriend while you are in town, you’ve been ‘getting away with’ not declaring income received from the tenants because it is your PPR and you are…[Read more]

]]> 3dcff07a6c37767edf7d3720f1a7ede6 kooringal replied to the topic Transfer in the forum The Treasure Chest https://www.propertyinvesting.com/topic/4366089-transfer/#post-4417459 Mon, 16 Jun 2003 10:24:21 +0000 Hi Michael and Kaye, Kooringal here. You were helpful when I asked you something about transferring a PPR into a trust to ‘lock in’ a capital gain before renting it out…well, I have a better idea. Instead of paying heaps of stamp duty on that plan, I have checked with the tax office and have a better option. WOuld you or any others let me…[Read more]

]]>