Thanks again,

Luci

It’s true that this is an unknown factor, and can potentially become blown out to huge expense – but seeing as termites have some clear…[Read more]

A few things to check: how long it usually takes to receive development approval if all goes okay; how…[Read more]

Sydney led the field with the hot property growth, which then started affecting other areas of Australia, first the Sydney spill and then other capital cities, and then other capital city spillover areas…

Then Sydney growth dropped and has had a couple of dud years… which…[Read more]

Do a google search on the property address to see if…[Read more]

While it may currently be tenanted (in a ‘livable’ condition) the property…[Read more]

Your topic “Buying off the plan: general info” suggests a fair discussion on buying off the plan.

But your response to the potential concerns (that I posted to even out the biased ‘benfits’ listed on your link) would indicate that this thread is actually not an invitation for a fair and balanced discussion but simply an opportunity for you…[Read more]

Real estate agents represent vendors, not buyers. They are salespeople and have a duty to try and sell the property on their list – which may not necessarily be the best…[Read more]

One thing I’ve found (usually through google) is if there is a business/development related site for the area. This is mostly for outside the state capitals, where smaller cities or areas are trying to attract business.

Depending on which suburb, there may be…[Read more]

This might occur in a very hot market, or if you negotiated early access to the property and did it up before onselling the option.

Because there are many expenses with buying and selling (even an…[Read more]

Work some figures out on paper, and see if costs associated with selling Perth property and purchasing new IP will add up to greater expense than tax benefits.

*Property overpriced in the belief that property values will have increased by the time settlement comes round.

*Property usually cash flow negative.

*The depreciation schedule flashed round by the developer is only of full benefit to those who earn in…[Read more]

Different states have government websites that give some data on the property in their state.

One such site for NSW is…[Read more]

Check the contracts held with the tenants to see how much longer they are valid for, and under what conditions. This will…[Read more]

Do get a building and pest inspection to make sure the property isn’t on it’s last legs and due for an expensive overhaul (or put a clause in the contract to that…[Read more]

Seeing there are always both buying and selling costs associated with property, I would do some research before rushing to sell.

Is is likly that your IP will continue to cost you…[Read more]

Without knowing the details of the current property contract it’s a bit hard to comment – but it sounds to me that the vendor is in breach if the settlement is delayed because of his building works – which should leave your friend with the upper…[Read more]

Two identical houses side by side could rent out for very different figures if one is a bit run down while the other is freshly painted etc. So it’s not enough to just say “what does…[Read more]

This is most likly true if you do your research and invest in the right areas/type of property. I wouldn’t say automatically though, as there are always exceptions.

Peace-Sunshine, you could consider “What is the…[Read more]

If they can’t/won’t be specific with this, then I don’t know that I would trust them. Also make sure they see you write this down, and guage personal body language…[Read more]

Rental prices are actually much more affordable than the cost of owning your own home.

At the moment you pay a total of $9,600 per annum to rent your residence.

If you get a $350,000 home loan it will cost you aprox $24,500 per annum in interest alone (before you even begin paying…[Read more]

You don’t need to buy a Due Diligence Pack – due diligence is the process of researching an area/investment and while someone can flog you a list of variables to consider, they will not be specific to your situation.

I’m not familiar…[Read more]

Why onsell quickly? There are many expenses buying and selling property – it is generally considered a mid to long term investment – so quick selling…[Read more]

Research is the key. A quick search on the internet, reading half a book… expecting success after so little effort is like expecting to win the lottery just because you bought a ticket.

Have a look through previous posts on this website (you can do a search) and you’ll find countless replies to this question.

Take a look at the mining companies involved, and how their investments are going around the world. Check for their stability and commitment to the…[Read more]

*larger deposit.
* value-add for the tennant with white goods, furniture, cable tv etc to gain a premium rental return.
* renovate/rejuvenate property for better rental return (and capital gains).
* properly research potential tenants before letting to them (to ensure they won’t be ‘bad’…[Read more]

It…[Read more]

Sydney is a big place – best use will depend on the needs of the area. 405sqm is a hell of a lot bigger than where I live in the innerwest (try 65 sqm!!!), but would be considered small in more suburban areas. If the area is zoned for…[Read more]

If you hold off because you’re afraid it might go as high as 9% then you’ll probably never invest. Interest rates are always capable of going up or down, and even if it went down…[Read more]

So you started by wanting to set up a cafe, and decided to incorporate internet?

In my experience, most people using “internet cafes” are there primarily for the computer access – they don’t order much food or drink (if any), as are using their time on the…[Read more]

Another problem with signing it over to the Vendor is if at the last minute the sale for one reason or another doesn’t go through. The money is now in the Vendor’s name, as requested by you.

(I have noticed a few places lately on the…[Read more]

Depending on where you live, you may find that financially it is best to move out of your PPOR and turn it into an IP. Any costs associated with the property will minimise your tax, while tenants also pay…[Read more]

If he has mortgage repayments then he’s in just as weak a position as you are over the rental.

Was he doing you a good deal initially with the rental rate? Or is he now overcharging?…[Read more]

My own tale of horror? Developed a good working…[Read more]

An initial blurb might go something like:
Cash Flow Positive Property
10% rental yield on a 3 bedroom house in a mining town of 10,000 people. Capital growth has been steady over…[Read more]

They will want to make sure you can service the loan, so probably a good idea to start working before you approach them – or get loan approval while still in the UK on your current income.

If the IPs are cash flow positive, then…[Read more]

Even when they are as wish washy as this is.

The article starts by talking about the world wide trend in property – I presume in a poor attempt to make his further claims appear more…[Read more]

Consider it a long-term investment that will pay off with time, as the growth is not as consistent as major cities. You may get good CG immediately, but expect to wait ten years or so.

If you check out some government websites,…[Read more]

1. Two 3 bedroom town houses don’t equal a 6 bedroom house.

Each townhouse requires for itself, seperated from the other: a kitchen, an eating area, a living area, a lug plus a 2nd car space, an outdoor area (usually has a balcony and a patio in addition to a courtyard or…[Read more]

Most insurance companies have calculators to work out rough replacement cost of a building – this may be of some help.…[Read more]