All agencies will try to charge you a percentage of the sale price usually. This is not a law, and you can set the terms of the Sale authority as whatever you like. Agents won't tell you this of course, and they will always try to get you to sign the "standard contract", and pay them a percentage.If you want to pay them a flat fee for selling the…[Read more]

melbdude26 wrote:
Yeah i learnt to hate my mother for not letting me live with her who then died of cancer and because i hated her for note letting me live with her she left me out of my million dollar inheritance

Sorry to hear that melbdude26.I don't know whether you have kids of your own, but as a father I can say that one of the worst…[Read more]

"The Auction programme is a three phase marketing process that allows the Seller to present their property to the market without a price in order to let interested Bidders compete in an open and visual forum – the Purchaser is the person who is prepared to offer the highest price.   This process sometimes allows for the sale to be made prior to t…[Read more]

It amazes me why people would want to sell properties for "pennies on the dollar" as they say over here.If I had access to that many cheap properties I would be buying them myself, then selling them at somewhere near normal value and keep the money for myself, or simply get them revalued and use the equity ot buy more.My guess is that they are…[Read more]

Keep in mind with AUCTION results that many include the results of a sale that happens before or after the auction date.This is spin on the actual result; especially if quoted in newspapers.A sale made before or after the auction is not an auction result; it is a private sale. This may not be important, but the r/e industry and newspapers use an…[Read more]

"House: BV, 3 bed, 1 bath, 1toilet, BIRs, new kitchen, pretty new bathroom, big deck with spa.Purchase Price: mid $200k'sReno Cost: $25kTotal Cash in: $56,624.00Expected Profit: $15,726.00Project length: 4months"Hi Jase and Flic,My in-laws live in Noble Park;  I think long term it will a good option as it is near the Monash Freeway and…[Read more]

I know when a boom is on; real estate agents are so busy they don't return your calls. They don't need you.You know when their business is quiet; they won't leave you alone.

Off the plan purchases are quite often overpriced to take into account developer's profit margins.Check the asking and sold prices of EXISTING 2 x 1's in the immediate area first.$500k for one of these seems very expensive, even for Malvern.

I agree with wayneross; there is a deal of the century every 5 minutes, so don't worry if you miss this one. But there are more concering issues that need addressing first. Your personal debt.What is the rental return on this property?, what are the rates?, is it likely to be cashflow positive if you buy it? because by the sounds of your post I…[Read more]

Ozboy,Correct me if I'm wrong, but I think if you create a company that then buys an I.P, you would need some taxable income from the company in order to claim any tax back.You could use the tax claims from the property to cancel out any tax you may have to pay on the I.P's financial statement for the year, but there would be no tax refund…[Read more]

A Depreciation Schedule is a list of all the components of a building (house) and each item is priced and given a "depreciable life".This means you can depreciate the whole building and all the fixtures and fittings, at different percentages for each item, each year, against you Personal Income.For example; the building itself is depreciable at…[Read more]

I agree with Rudolph's second comment;move out of your current PPoR and rent it out. You will have an automatic I.P and all the costs and loan interest will be tax deductible. If it is a newer house than 1987 I would be getting a Depreciation Schedule done as well – it's also tax deductible and will pay for itself in the first tax return; you can…[Read more]

Totally agree.$200 worth of good books and a few months on this forum and the Jan Somers one will do it!

"Heard" is an OPINION.To be a successful investor you need to LISTEN to opinions, but research and act on FACTS.As you keep educating yourself and researching the market, you will be able to analyse areas more quickly.For example; statistics say that both Melb and parts of QLD are the faster growing economies in Aus. So, based on this, both areas…[Read more]

Agree Andy;keep some funds available to buy some of those bottomed out stocks and some more property before the smart stock market players get out and start pumping up the property market when they start putting their money in property.I read an article by Bill Fleckstein from MSN money the other day. He said the current economical climate in the…[Read more]

I'll have a crack at explaining this in plain English. Correct me if I'm wrong.It means; don't buy two properties – one good one and one dud one.Instead, buy 2 good ones that both keep going up in value.Possibly, buy in different suburbs, or different towns or different states to improve the chances of consistent cap growth, and minimising "all…[Read more]

Have you got the message yet Pete?

Generally people sit on their wallets for a little while after an election until they see what the govt is likely to do (mostly nothing except protect their jobs as much as possible), so you may find the market will go flat for a few months, maybe a year I suspect.Having said that, if Johnny gets back in things may just keep plodding along as…[Read more]

You're right Jaffasoft;this morning the internet genie left me a nice present.Thanks Steve's tech crew!

devo76 wrote:
Barramundi mate. As far as development in the future.We dont really want to retire to a sleepy village. We just want to buy into one at this stage and then by retirement it has developed a bit and has shopes ,cafes,Some attractions, I guess like noosa would have been ten years ago or even now for that matter.Anywhere up to cairns…[Read more]