PropertyInvesting.com | lifestylez | Activity https://www.propertyinvesting.com/members/lifestylez/activity/ Activity feed for lifestylez. Fri, 17 Apr 2026 12:40:50 +0000 https://buddypress.org/?v=2.8.1 en-US 30 hourly 2 bf113c0236159e852b513220d48ec46b lifestylez replied to the topic Queensland Stamp Duty Concessions? in the forum Help Needed! https://www.propertyinvesting.com/topic/4406497-queensland-stamp-duty-concessions/#post-4669056 Sat, 19 May 2012 02:37:44 +0000 Looks like this information is not available yet.This week was the first time the new parliment sat in QLD so hopefully they do something about implementing this policy in the next few weeks.I will keep my ear to the ground and post back here if I hear of anything.

]]> fc5cf2e24d0783823b73c1a3b203a443 lifestylez replied to the topic Invest in current property or buy another. in the forum Help Needed! https://www.propertyinvesting.com/topic/4406605-invest-in-current-property-or-buy-another/#post-4669902 Sat, 19 May 2012 02:33:26 +0000 Hi QM,I would personally use the $100k to invest in a different area that has a better chance of getting good capital gains in the short term.The northern beaches may be a great area to live, but it is expensive.  Having two properties in the same region also increases your risk because if prices stagnate or go down in that area then you are…[Read more]

]]> 31fdba485918caf701504157b11daa28 lifestylez replied to the topic SE QLD Selling Costs in the forum You definately do NOT need https://www.propertyinvesting.com/topic/4406593-se-qld-selling-costs/#post-4669823 Sat, 19 May 2012 02:26:31 +0000 You definately do NOT need to sell your property through your current property manager.  You can use whatever agent you want.I sold my first property south of Brisbane 2 years ago and negotiated a flat 2.5% commission, which is about average I think.You may pay some discharge costs on your mortgage (if you have one) as well.  I had 3 mortgages o…[Read more]

]]> a556d2d542f4ff90d0d727cbc8005f8a lifestylez replied to the topic First home buyer - Basic Q's and broker recommendation in the forum Help Needed! https://www.propertyinvesting.com/topic/4406618-first-home-buyer-basic-qs-and-broker-recommendation/#post-4670016 Sat, 19 May 2012 02:18:07 +0000 I recently asked my broker about a 97% loan because I had seen them advertised by RAMS and some other lenders.My broker said (like the other replies above) that these are not genuine 97% loans, they are actually 95% loans with a 2% lenders mortgage insurance added to the loan amount.So, you actually need the 5% deposit but you end up with 3%…[Read more]

]]> 9379472711d9cfb9db99ac8d4d0fa3b3 lifestylez replied to the topic Queensland Stamp Duty Concessions? in the forum Help Needed! https://www.propertyinvesting.com/topic/4406497-queensland-stamp-duty-concessions/#post-4669050 Sat, 05 May 2012 00:20:34 +0000 Hi Richard, thanks for the info, I will use 1% as a rule of thumb for now.I also should have mentioned that I am not a first home buyer.

]]> 45df1d9b67b3d27d507945325c56f5f9 lifestylez replied to the topic Planning on the back of a serviette.... in the forum Help Needed! https://www.propertyinvesting.com/topic/4406472-planning-on-the-back-of-a-serviette/#post-4668760 Thu, 03 May 2012 23:56:40 +0000 Your figures look reasonable, and there certainly are opportunities out there to make a profit in properpty development.I think you just have to evaluate the risks and work out whether you're willing to go with them.What happens if bad weather blows out the project by 6 months?What happens if you can't sell the vacant blocks in a reasonable time?I…[Read more]

]]> b7ada8b5ce8ea97be69ceb5af7139efa lifestylez replied to the topic Finding a quality property in the forum Hi, You can get some good https://www.propertyinvesting.com/topic/4405436-finding-a-quality-property/#post-4660611 Sun, 18 Dec 2011 08:21:27 +0000 Hi,You can get some good free data from Home Price Guide (data from Australian Property Monitors).  If you search on a suburb and then click on the demographics tab, you can see lots of info such as age group, birthplace, type of properties in the area etc as well as seeing some recent sales prices and median values.I have also purchased a…[Read more]

]]> 9455c27b03ff58cfa6172b97a6bf9df1 lifestylez replied to the topic Property Investing in the next 5 years in the forum Invest where the jobs are, https://www.propertyinvesting.com/topic/4404943-property-investing-in-the-next-5-years/#post-4657243 Thu, 20 Oct 2011 06:28:37 +0000 Invest where the jobs are, to put it simply.  If you're buying property near where people are earning good incomes, you will always have a supply of tenants and there should also be demand for sales.If interest rates go up sharply then this will hurt affordability and possibly see a longer period of stagnant prices.But current view is for…[Read more]

]]> 2760b449027b0aec8af32f32055bb385 lifestylez replied to the topic Brisbane housing prices in the forum General Property https://www.propertyinvesting.com/topic/4404933-brisbane-housing-prices/#post-4657185 Wed, 19 Oct 2011 00:06:21 +0000 I'm looking to buy in Brisbane next year, hopefully within about 9 months.If prices stay flat or fall a bit further, that will be great for me.  However, I'm a little nervous they will shoot up in that time.  From what others have been saying, they don't expect that to happen.  But if the anticipated rate cut happens on melbourne cup day, that mi…[Read more]

]]> d36b65f77ca5964a66c72ecd466bec7b lifestylez replied to the topic confused and needing confidence in the forum Help Needed! https://www.propertyinvesting.com/topic/4404978-confused-and-needing-confidence/#post-4657491 Tue, 18 Oct 2011 23:54:13 +0000 Catalyst wrote:

lifestylez wrote:
As a first home buyer, I would go for buying your own home and claim the FHOG.See how you go living in it for 6 months and if you decide you want to live somewhere else, then you can rent it out.If you think that is likely, then try and buy somewhere you can live for a while but with a view to making it an…[Read more]

]]> ad764e030f166cd4ff65f02d7577dabf lifestylez replied to the topic Roxby Downs/ Olympic Dam in the forum General Property https://www.propertyinvesting.com/topic/4404953-roxby-downs-olympic-dam/#post-4657282 Sun, 16 Oct 2011 01:21:07 +0000 I've heard of the Olympic Dam project, but I don't know the area at all.Are there other industries around to help support the employed population?It's just risky if you are betting it all on the project coming to fruition (which I think will take a few years anyway?).

]]> be738cb98f51d0e93661a18fb160ef80 lifestylez replied to the topic Duplex/2 houses on one block for PPOR in the forum Help Needed! https://www.propertyinvesting.com/topic/4404974-duplex2-houses-on-one-block-for-ppor/#post-4657459 Sun, 16 Oct 2011 01:04:19 +0000 r.crawford51@gmail.com wrote:
Its a long block, and putting one house behind the other. $140 is all included, fixed price. The house wont be an extension as it will be subdivided…such as 5a and 5b… Have you built before? haha your right I haven't built before but im trying to come up with win win scenario's as my partner wants to buy PPOR…[Read more]

]]> 51face514723a8307d5ab3dc52533251 lifestylez replied to the topic have a house worth 700,000 with a mortgage of 300,000 have an income of 80,000p.a. how do I get started with ip's in the forum Help Needed! https://www.propertyinvesting.com/topic/4404976-have-a-house-worth-700000-with-a-mortgage-of-300000-have-an-income-of-80000p-a-how-do-i-get-started-with-ips/#post-4657470 Sun, 16 Oct 2011 00:54:58 +0000 Good advice from Meg.  I can't add much to that.I can recommend a really good mortgage broker if you need one.

]]> 6f56c488fb5406b3e510c7271c0799d6 lifestylez replied to the topic Why Aren't You Buying? in the forum Help Needed! https://www.propertyinvesting.com/topic/4404972-why-arent-you-buying/#post-4657437 Sun, 16 Oct 2011 00:52:34 +0000 matthew.f wrote:

lifestylez wrote:
I'm not buying right now because I plan on getting back into a PPOR in Brisbane next year.I basically do not have enough spare cash or equity to buy an IP at the moment.Wish I did though, because there's some good buys out there.

Is that link to Logan City your site… Great post.

Yeah, that's my site I…[Read more]

]]> e2baa170f8e046715aca656441ae06c2 lifestylez replied to the topic confused and needing confidence in the forum Help Needed! https://www.propertyinvesting.com/topic/4404978-confused-and-needing-confidence/#post-4657480 Sun, 16 Oct 2011 00:49:39 +0000 As a first home buyer, I would go for buying your own home and claim the FHOG.See how you go living in it for 6 months and if you decide you want to live somewhere else, then you can rent it out.If you think that is likely, then try and buy somewhere you can live for a while but with a view to making it an IP.  So you will need to focus more on…[Read more]

]]> 1314489cc841f125319f3b220aee3cb8 lifestylez replied to the topic $100K and not sure where to invest? in the forum Help Needed! https://www.propertyinvesting.com/topic/4404965-100k-and-not-sure-where-to-invest/#post-4657369 Sat, 15 Oct 2011 05:30:31 +0000 dcwwood wrote:
I'm not a fan of Roger Montgomery – if he is so good and follows Buffett's way of investing, why isn't he Australia's riches person! Best thing you can do is (like for property investing) learn for yourself – books, seminars, search the web and asx.com.au, mentors, financial planners etc. Another share tip I can give you is…[Read more]

]]> e1d7ce0c266851c9b6479d2b6d7867f7 lifestylez replied to the topic First IP - crunching the numbers - am I on the right track - Vendor Finance in the forum Help Needed! https://www.propertyinvesting.com/topic/4404919-first-ip-crunching-the-numbers-am-i-on-the-right-track-vendor-finance/#post-4657090 Sat, 15 Oct 2011 05:26:23 +0000 Hi Johk,Your numbers look mostly correct to me.  Don't forget you can claim depreciation on newer properties which will increase your after-tax cashflow.  For example, if your gross cashflow on the property is -$15,000/year:Tax Saving @ 30% tax rate: $4,500$10,000 Depreciation @ 30% tax rate: $3,000Therefore your after-tax cashflow is actually -…[Read more]

]]> 6e748629f77a05f3ab74ef8b5f991366 lifestylez replied to the topic Selling property using a buyers agent in the forum General Property https://www.propertyinvesting.com/topic/4404948-selling-property-using-a-buyers-agent/#post-4657265 Sat, 15 Oct 2011 02:36:49 +0000 That's an interesting concept.Obviously, buyer's agents are looking to get property below market value for their clients.But since you won't be paying any commissions to the buyer's agent, you can probably afford to come down below market value.However, if you won't the absolute best price for your properties, a sellers agent works to get…

]]> 2c2fc5b16bd901891428e608c7e8cb47 lifestylez replied to the topic Brisbane Suburbs to renovate and make a profit??? in the forum Help Needed! https://www.propertyinvesting.com/topic/4404969-brisbane-suburbs-to-renovate-and-make-a-profit/#post-4657392 Sat, 15 Oct 2011 02:27:23 +0000 If you've got a renovating forumla that works and makes you profit, just try replicating that in Brisbane.  For example, do you renovate apartments for young professionals?  Do you renovate houses for families?  Do you renovate luxury houses for executives? What type of properties are making you the good returns?Obviously we are in a down ma…[Read more]

]]> 88ebb754d21c75db81fc6c18db758459 lifestylez replied to the topic $100K and not sure where to invest? in the forum Help Needed! https://www.propertyinvesting.com/topic/4404965-100k-and-not-sure-where-to-invest/#post-4657367 Sat, 15 Oct 2011 02:22:11 +0000 Hi Chazz,Some areas that are expected to be good buying (based on some of my own research and hearing other proprerty commentators):- Hunter Valley NSW (Maitland, Muswellbrook, Cessnock)- Northern Adelaide suburbs- Port Lincoln (used by new mines in the SA area)- Gladestone area (although already risen alot, may not be much left in it)- Ipswich,…[Read more]

]]> 4c3b1750c507051094b6448fd1b6443a lifestylez replied to the topic Why Aren't You Buying? in the forum Help Needed! https://www.propertyinvesting.com/topic/4404972-why-arent-you-buying/#post-4657426 Sat, 15 Oct 2011 02:09:09 +0000 I'm not buying right now because I plan on getting back into a PPOR in Brisbane next year.I basically do not have enough spare cash or equity to buy an IP at the moment.Wish I did though, because there's some good buys out there.

]]> 8c398dfdaa5de04c5ec0935a63ff3be3 lifestylez replied to the topic Duplex/2 houses on one block for PPOR in the forum Help Needed! https://www.propertyinvesting.com/topic/4404974-duplex2-houses-on-one-block-for-ppor/#post-4657457 Sat, 15 Oct 2011 02:02:14 +0000 I personally wouldn't do this.  It must be a big block of land to fit two houses side by side?I also think that you are underestimating the build costs.  $140k is probably the bare minimum to build a 4BR house which would not include site costs (add extra $10 to $30k) or flooring, outdoor area, driveway, fencing, gardens etc.I'm not even sure y…[Read more]

]]> e995edfe63a179e2dd880dcc5cb0b16d lifestylez replied to the topic requesting extension on settlement in the forum Help Needed! https://www.propertyinvesting.com/topic/4404767-requesting-extension-on-settlement/#post-4656144 Thu, 22 Sep 2011 02:01:32 +0000 I agree, your conveyancer/solicitor should organise it.This happened to me last year when I was selling a property.  The lender holding my mortage was late sending through the discharge and it was going to push back settlement.Then I get a call from my conveyancer telling me that the buyers were demanding compensation (a couple of grand I think)…[Read more]

]]> 9accd028ceff92efbd9ed53b89bf5837 lifestylez replied to the topic Property reports - residex or hotspotting or any others? in the forum Help Needed! https://www.propertyinvesting.com/topic/4404772-property-reports-residex-or-hotspotting-or-any-others-2/#post-4656186 Thu, 22 Sep 2011 01:46:07 +0000 I have previously bought a top 10 NSW hotspots from Hotspotting.com before, I think it was around $90.  Although I did not end up following through on buying an IP based on this report, I thought it was worth the money.

]]> d5c398375b1ed5ad91cf29c7d4d3d7a4 lifestylez replied to the topic Nathan Birch on BRW. in the forum Help Needed! https://www.propertyinvesting.com/topic/4404692-nathan-birch-on-brw/#post-4655619 Tue, 13 Sep 2011 03:04:53 +0000 Very well done mate.When's your book coming out?   No joke, if you had a book, I'd probably buy it!

]]> 8fa89c6faafb1ac7154b471c7164f406 lifestylez replied to the topic Best wealth creation books? in the forum Help Needed! https://www.propertyinvesting.com/topic/4398697-best-wealth-creation-books/#post-4616632 Tue, 13 Sep 2011 02:59:16 +0000 I'm personally a fan of Margaret Lomas and she has quite a few books out.I read "How to create an income for life" a few years, which really made me look at the concept of buying property for cashflow (instead of focusing soley on capital gain).I want to read another of hers "20 Must Ask Questions" before I buy my next property.I watch her on Sky…[Read more]

]]> 84466be260a420dab7eb1091c04ddfbe lifestylez replied to the topic Brisbane Property Manager advice in the forum Hi Jaclyn, I have had good https://www.propertyinvesting.com/topic/4404696-brisbane-property-manager-advice/#post-4655656 Tue, 13 Sep 2011 02:50:30 +0000 Hi Jaclyn,I have had good experiences with Ray White, but not in that particular area (mine was in Logan).I think you should expect to pay 7 to 8% in commissions and management fees as standard, you can probably do better if you negotiate.Therefore if you are going to be getting $300/week for your property, you will pay around $21 to $24/week in…[Read more]

]]> a422db91626432bd9141d8eb74ffa4be lifestylez replied to the topic Got my first so where to next? in the forum Hi Ryallsy, Are you planning https://www.propertyinvesting.com/topic/4404530-got-my-first-so-where-to-next/#post-4654470 Thu, 25 Aug 2011 04:51:46 +0000 Hi Ryallsy,Are you planning to use equity in your townhouse to fund the purchase of the next property?The reason I ask is I have a 2 year old townhouse on southern outskirts of Brisbane and it was recently revalued by my bank to be less than what I payed for it in 2009.  I think the bank is being too conservative because I saw a sale only a month…[Read more]

]]> 594ac02bc0951676dbc0262cf915b02b lifestylez replied to the topic Backyard Subdivision & Build vs.. Subdivision & Sell Land?? in the forum General Property https://www.propertyinvesting.com/topic/4404455-backyard-subdivision-build-vs-subdivision-sell-land/#post-4653900 Thu, 25 Aug 2011 04:40:13 +0000 It all depends on whether you can afford to subdivide AND build.Have you done calculations to show the profit you will make off the land only, compared to profit made with house and land?

]]> 8656323675d3b87e6b4dbb6346ec8e62 lifestylez replied to the topic Investment property in Upper Coomera? in the forum Help Needed! https://www.propertyinvesting.com/topic/4404157-investment-property-in-upper-coomera/#post-4651360 Thu, 18 Aug 2011 04:02:54 +0000 I would personally steer clear of the Gold Coast for now as it has not done much in the past few years.That's not to say coomera will not do well in the next 5 to 10 years, but it's not likely to gain much in value in the short term.If you can get a good yield (hopefully positive cash flow) and are happy to sit back and wait for the capital gains,…[Read more]

]]> dd4a3c65006afa8c074490d1f8a7ab56 lifestylez replied to the topic Time for 2nd IP, but im stuck! in the forum Help Needed! https://www.propertyinvesting.com/topic/4404432-time-for-2nd-ip-but-im-stuck/#post-4653763 Fri, 12 Aug 2011 06:01:37 +0000 I can't give you advice on using a trust, but I think I have heard that you cannot tax deduct your losses against your main income if the trust owns the property (somebody correct me if I'm wrong).As for accessing the equity in your existing IP, you should be able to get at least 5% (taking the LVR back to 80%) and therefore not have to pay…[Read more]

]]> 4e51eba331763b83e1d58e5d133ef267 lifestylez replied to the topic To Buy Or Not To Buy in the forum Help Needed! https://www.propertyinvesting.com/topic/4404368-to-buy-or-not-to-buy-9/#post-4653305 Wed, 03 Aug 2011 05:12:29 +0000 My first property I bought at the peak of the boom at the end of 2003 and didn't move in value for the next 2 years.The month after I bought, interest rates went up for the first time in over a year.  Just my luck!I ended up holding that property for 6 years and got a total capital gain of 60% which is pretty good.My point here is if I had of let…[Read more]

]]> 9c4fbddd01cc706b152e1cd1dfef9685 lifestylez replied to the topic What are the top 3-5 suburbs to invest in NSW with $400K budget? in the forum Help Needed! https://www.propertyinvesting.com/topic/4404369-what-are-the-top-3-5-suburbs-to-invest-in-nsw-with-400k-budget/#post-4653318 Wed, 03 Aug 2011 05:05:16 +0000 It probably depends on what you are looking for in an investment, but I will assume you mean the best suburbs for future capital growth?You can probably find plenty of suburbs that have good potential for long-term capital growth (eg. undervalued suburbs in the inner ring of Sydney) but you will not find very good yields on houses here.I have done…[Read more]

]]> 7fcfedeca6d97a1adc5696f737ab2ba7 lifestylez replied to the topic renting out family home-tax issues in the forum Help Needed! https://www.propertyinvesting.com/topic/4404306-renting-out-family-home-tax-issues/#post-4652846 Wed, 27 Jul 2011 03:01:04 +0000 I think the second rental property is fine, assuming it has it's own loan.  The problem with the other loan is that you've paid non-deductible expenses out of it (eg. groceries, bills) and so the accountant cannot seperate the interest for investment purposes from the interest accrued through normal daily spending.  This strategy was fine as l…[Read more]

]]> 8b914fef7a8d4956c74934c672cd7233 lifestylez replied to the topic Re-letting/New Contract fees for existing tenant in the forum Help Needed! https://www.propertyinvesting.com/topic/4404296-re-lettingnew-contract-fees-for-existing-tenant/#post-4652811 Wed, 27 Jul 2011 01:39:42 +0000 Yeah this happened to me as well, I had a property years ago and I never got charged a "re-let" fee by my agent Ray White.  However, with my second property, the management was by an on-site manager and when he first charged me a re-let fee of 1/2 week rent I was surprised and I questioned him about it.When I went back to my written agreement,…[Read more]

]]> 3bd83edb1490e135370d23151e19fe0a lifestylez replied to the topic Building, Living and Selling in the forum Hi Michael, I feel your https://www.propertyinvesting.com/topic/4404293-building-living-and-selling/#post-4652788 Wed, 27 Jul 2011 01:20:52 +0000 Hi Michael, I feel your frustration, I also bought a property in 2009 in Logan (Underwood) and just had it revalued.  It came in $15k less than what I paid for which is disappointing but not surprising considering the property market in Brissy.  It could be worse, lucky I didn't buy in some gold coast areas! At least the rent has gone up t…[Read more]

]]> 5e9ca946ea8dc31e06279042b5845658 lifestylez replied to the topic Starting in property investment in the forum Welcome Ben. You have not https://www.propertyinvesting.com/topic/4404241-starting-in-property-investment/#post-4651904 Wed, 20 Jul 2011 02:30:33 +0000 Welcome Ben.You have not mentioned where you plan to invest and what type of property you want to buy.Are you seeking a positive cash-flow property?If you have not chosen an area, then you could be doing some research around that.  It is really a good idea to be looking for an area that has a potential to grow in the first few years you own it…[Read more]

]]> 3ae4aeaa1ee0f2d5ab1dc4521fd10816 lifestylez replied to the topic 2 properties, 2 options, share your thoughts? in the forum Good to hear you have been https://www.propertyinvesting.com/topic/4404232-2-properties-2-options-share-your-thoughts/#post-4651862 Wed, 20 Jul 2011 02:24:21 +0000 Good to hear you have been re-evaluated to buy both properties.Personally, I would not have gone for the option of putting a contract on both properties without finance approval.  If you had done that and then renovated both properties (and then finance fell through) you would be deeply out of pocket and the owner would keep all your nice…[Read more]

]]> 2fe9c4e31c3920949bb4c84c7af13eef lifestylez replied to the topic Current House Prices in the forum Help Needed! https://www.propertyinvesting.com/topic/4404242-current-house-prices/#post-4651910 Wed, 20 Jul 2011 02:18:01 +0000 You can use the "sold" feature at RealEstate.com.au, it shows the date and price sold for some properties in the area you search for.http://www.realestate.com.au/soldAlso, if you pick up a copy of "Australian Property Investor" magazine, at the back they usually have data tables for median prices of all suburbs across Australia for both units and…[Read more]

]]> 2206882734db0362701659700257e274 lifestylez replied to the topic Investment portfolio before my own Home?? What are your thoughts?? in the forum Richard has a good point, https://www.propertyinvesting.com/topic/4404210-investment-portfolio-before-my-own-home-what-are-your-thoughts/#post-4651715 Sat, 16 Jul 2011 03:08:00 +0000 Richard has a good point, the $25k won't stretch very far, unless this is your first property in which case you can get the first home owners grant and an exemption on stamp duty.  Have you ever bought a property before?Whilst I like your idea to invest in Logan (I currently have a townhouse there and I previously made a good gain on a house in…[Read more]

]]> a16be3dde50c41a7733d36975a670115 lifestylez replied to the topic How to put a value on a piece of land? in the forum General Property https://www.propertyinvesting.com/topic/4404180-how-to-put-a-value-on-a-piece-of-land/#post-4651501 Wed, 13 Jul 2011 04:03:02 +0000 If there are any similar blocks of land in the area, check out what price they are on the market for.  There are many variables that can determine the value of the land including: Area (m2), Main Road or Quiet Street, Aspect (N-S or E-W), Views, Slope etcHerron Todd White are a big name in valuers, but I'm not sure if they the best value for…[Read more]

]]> b95b33f48d775015e5d5bc5c9ac1904b lifestylez replied to the topic Options????? in the forum Help Needed! https://www.propertyinvesting.com/topic/4404184-options-3/#post-4651534 Wed, 13 Jul 2011 03:50:57 +0000 Hi Brandira,You're situation looks pretty good to me.  Since the house is your home and not an investment property, do not stress too much about the capital gain.  If you like living there, then that is the main point of owning the house.  How long have you owned it for?I would not spend the savings on paying off the car loan in one lump sum, be…[Read more]

]]> f7b6730eeb37f9989673a0a6e2362fed lifestylez replied to the topic "Buy When Others Are Fearful" or Others Are Justified in their Fear? in the forum General Property https://www.propertyinvesting.com/topic/4404055-buy-when-others-are-fearful-or-others-are-justified-in-their-fear/#post-4650682 Wed, 06 Jul 2011 03:26:35 +0000 gimlee wrote:
lifestylez and Andrew_A, I like your way of thinking. Cool quote Andrew! I might go with that.Mmm, a question, what about the people in the US who were thinking that before their houses went down the gurgler?

Well, before they went down the gurgler, it was not a time of fear.  It was a time of optimism when lots of people were…[Read more]

]]> 047bf22ccea375d89e35790dbb11680e lifestylez replied to the topic Western Sydney property purchase $205,000 purchase reno $5000 - $5500 rent $360pw and value $270-$280k. in the forum General Property https://www.propertyinvesting.com/topic/4404109-western-sydney-property-purchase-205000-purchase-reno-5000-5500-rent-360pw-and-value-270-280k/#post-4651007 Wed, 06 Jul 2011 02:59:19 +0000 Nathan Birch wrote:
I outsouce all the work. Its located in a private area of mount druitt. Deals are out there buy them all the time, houses, units, villas under $200,000 can be found.

Ahh no worries, I haven't looked in the Mt Druitt area before.  That's much cheaper than the outer areas of Brisbane and Logan and they are supposed to be…[Read more]

]]> e592cdfad792ccfecad13189af0c9f9f lifestylez replied to the topic Will I lose Tax Benefit on Equity Loan if I move House in the forum Help Needed! https://www.propertyinvesting.com/topic/4404115-will-i-lose-tax-benefit-on-equity-loan-if-i-move-house/#post-4651095 Tue, 05 Jul 2011 04:57:23 +0000 Cheers.  Looks like I've either been misinformed or been misinterpreting what's been said about this.  Thanks for clarifying Terry.

]]> a097a029322e4bd293b0d764194a438a lifestylez replied to the topic Help please! Want to purchase first home in Australia as PPOR, has lease, do I still pay Stamp Duty? in the forum Hi Melzey, Will you be https://www.propertyinvesting.com/topic/4404123-help-please-want-to-purchase-first-home-in-australia-as-ppor-has-lease-do-i-still-pay-stamp-duty/#post-4651147 Tue, 05 Jul 2011 03:12:29 +0000 Hi Melzey,Will you be buying near the end of the lease?  Eg. Once the house settles, there may be less than 6 months left on the lease?My recollection of the FHOG rules are that you must live in it for 6 months out of the first 12 months.  This might mean you could rent it for the first 6 months and then live in it for the 2nd 6 months and still q…[Read more]

]]> 043ad615052691fd4d889c3156d5d331 lifestylez replied to the topic Will I lose Tax Benefit on Equity Loan if I move House in the forum Help Needed! https://www.propertyinvesting.com/topic/4404115-will-i-lose-tax-benefit-on-equity-loan-if-i-move-house/#post-4651093 Tue, 05 Jul 2011 03:03:13 +0000 Hey Terry, you could be right as I'm not an expert in the area of taxation law.  However, my accountant advised me this was the case and I have also seen this situation being discussed many times on sky news business channel who say the same (eg. Margaret Lomas and crew).Maybe I've misinterpreted what they've said.Can you provide a reference to…[Read more]

]]> 3f61af602ce8759aedd63555d194730e lifestylez replied to the topic Will I lose Tax Benefit on Equity Loan if I move House in the forum Help Needed! https://www.propertyinvesting.com/topic/4404115-will-i-lose-tax-benefit-on-equity-loan-if-i-move-house/#post-4651091 Tue, 05 Jul 2011 01:33:10 +0000 I was in a similar situation.  I had taken out an equity loan on one property for the intention of using it for personal reasons (eg. buy car, furniture etc).  After a while I decided to use it as a deposit on another property.I was not able to claim any of the interest on the equity loan, regardless if I sold the first property (which I e…[Read more]

]]> 5bac7d8a77b2faacd37ec96d95d5b391 lifestylez replied to the topic Western Sydney property purchase $205,000 purchase reno $5000 - $5500 rent $360pw and value $270-$280k. in the forum General Property https://www.propertyinvesting.com/topic/4404109-western-sydney-property-purchase-205000-purchase-reno-5000-5500-rent-360pw-and-value-270-280k/#post-4651002 Sun, 03 Jul 2011 04:19:49 +0000 Mate that is really impressive.Did you do the renovations yourself, or hire contractors?What suburb or area did you buy in?  $205k seems unbelievable anywhere within 100k's of sydney (not calling you a liar )Darren.

]]> b9bacaf1aaafc272814265eb5aafbee9 lifestylez replied to the topic Couple of dual residence questons in the forum Hi, I will try to offer some https://www.propertyinvesting.com/topic/4404106-couple-of-dual-residence-questons/#post-4650987 Sun, 03 Jul 2011 01:08:25 +0000 Hi,I will try to offer some help but alot of this depends on where you are intending to buy.1. You can still subdivide if you don't intend to sell, because it still means you will get an extra block of land.  You can then keep the original residence and just sell off the subdivided block to make some instant cash.  Or you can then build on the s…[Read more]

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