https://www.propertyinvesting.com/members/macnatt/activity/ Activity feed for Macnatt. Sat, 11 Apr 2026 23:19:27 +0000 https://buddypress.org/?v=2.8.1 en-US 30 hourly 2 c6a8fef7e11a2773be48735fab29ab4f https://www.propertyinvesting.com/topic/4397155-95-lvr-is-it-still-possible/#post-4608672 Thu, 03 Sep 2009 10:27:25 +0000 Thanks guys bt what about the vacant land canyou get 90% LVR on this??

]]> b1d00ddf0d7fb2fe8abe403e9f0345fc https://www.propertyinvesting.com/topic/4397034-valuation-nightmare/#post-4608138 Thu, 03 Sep 2009 06:06:15 +0000 We had a similar scenario with a valuation on our investment property which had been previously valued  1 year prior at $660 000 we expected the latest valuation to be around $600 000 with the downturn but they came back with $525 000. Our biggest problem is that there were no comparable properties sold in the area during the 6 months prior not…[Read more]

]]> 66ffbe84eac6f71a8ced66ab50b8c42c https://www.propertyinvesting.com/topic/4397034-valuation-nightmare/#post-4608137 Thu, 03 Sep 2009 06:04:29 +0000 We had a similar scenario with a valuation on our investment property which had been previously valued  1 year prior at $660 000 we expected the latest valuation to be around $600 000 with the downturn but they came back with $525 000. Our biggest problem is that there were no comparable properties sold in the area during the 6 months prior not…[Read more]

]]> 757d9264f1c193a86a588a7a3a6c6e44 https://www.propertyinvesting.com/topic/4394492-how-are-people-feeling-at-the-moment/#post-4594451 Thu, 23 Oct 2008 14:15:33 +0000  I am frrling more positive now the interest rates have dropped a little. By keeping the high repayments up I am going to make a bit of headway through the high debt levels I have thus buffering for any future hike. I have learnt some interesting lessons in the preceeding weeks.Lesson 1. The bubble always bursts even if we think it won't.Lesson…[Read more]

]]> d4b44eec033c4446b8ca25ccfb8d0969 https://www.propertyinvesting.com/topic/4394511-early-access-and-insurance/#post-4594605 Thu, 23 Oct 2008 14:02:25 +0000 HI There,As someone who sells insurance realistically I can confidently tell that  you cannot have a valid insurance policy unless you have an insurable interest (usually financial) in the property and this does not occur until settlement.Covernotes can be taken out as at the settlement date to placate banks but the taking out of an insurance…[Read more]

]]> 068ad18ce88cd00728dc786051321bfe https://www.propertyinvesting.com/topic/4394388-am-feeling-a-bit-panicked-and-need-some-advice-to-steady-my-nerves/page/3/#post-4593787 Wed, 08 Oct 2008 15:28:17 +0000 I am a little embarrassed that my name is attached and responsible for this post that has become a soap box for some doomsday individuals.For the record the few rational posts I have recieved have given me great food for thought and the reduction in interest rates has steadied my nerves and created a little party in my pocket.enough saidNat

]]> b13bbd8561eda08ba5136c86d4c83932 https://www.propertyinvesting.com/topic/4394388-am-feeling-a-bit-panicked-and-need-some-advice-to-steady-my-nerves/page/2/#post-4593764 Tue, 07 Oct 2008 03:47:52 +0000 Hi Foundation,Yes your figures above look correct and give me some food for thought from an objective perspective. Thanks.  The fact is this though, this house would never be sold to an investor it would be sold to an owner occupier as that is what the property started out as and it is what it should be. Asset yield doesn't really come into the…[Read more]

]]> 38519fd746c4a8ec4996fe4a2ac983d7 https://www.propertyinvesting.com/topic/4394388-am-feeling-a-bit-panicked-and-need-some-advice-to-steady-my-nerves/page/2/#post-4593761 Tue, 07 Oct 2008 03:16:56 +0000 Hi Tony,Thanks for your response but just to clarify this property was not originally bought as an investment it was a ppor which we actually built ourselves and I never had the idea i would make shit loads from selling as that was never in my plans. However i did expect modest growth of between 4 and 7% would offset the holding costs of the…[Read more]

]]> 3cb657122eca836fe3d3b7734b0e4dc1 https://www.propertyinvesting.com/topic/4394388-am-feeling-a-bit-panicked-and-need-some-advice-to-steady-my-nerves/#post-4593748 Mon, 06 Oct 2008 15:15:25 +0000 Can someone pass scamp his medication!!

]]> 71d24fc4b5fb93bd8e854feb08a67d89 https://www.propertyinvesting.com/topic/4394388-am-feeling-a-bit-panicked-and-need-some-advice-to-steady-my-nerves/#post-4593739 Mon, 06 Oct 2008 08:06:09 +0000 HI,Thanks for the feedback. We owe 530 000 realistically at the moment we could expect between between 550 000 and 570 000 to sell but whether it would sell is a problem as it is at the top end of the market for the area and there are not alot of buyers around a the moment. The house was originally our ppor so it was never bought with investment…[Read more]

]]> 0dbac58c87a85196851d38ab0e8d0fab https://www.propertyinvesting.com/topic/4393416-can-you-rent-house-to-third-party-live-in-it-yourself-and-declare-the-income-as-rental-income/#post-4588536 Fri, 06 Jun 2008 07:16:40 +0000 We already have another house which we are claiming as a PPOR so this one will be subject to capital gains.ThnaksNatalie

]]> 7995ccc229baf00a80f6de1dab9ac768 https://www.propertyinvesting.com/topic/4392660-thinking-of-committing-a-cardinal-sin-and-selling-some-advise-please/#post-4584411 Sun, 23 Mar 2008 13:20:18 +0000 Thanks everyone for your comments. We have an appointment with an accountant hopefully they can shed some light on whether this property is a viable one. I think it really all depends on how slow the Perth market is going to be now that the boom is over and for how long. Anyone know where to buy a good  quality "Crystal Ball".Nat

]]> 8b48ece77b4bf37d3d117e353b0e2261 https://www.propertyinvesting.com/topic/4392709-liability-cover/#post-4584598 Sun, 23 Mar 2008 13:11:33 +0000 HI there,I work in insurance and my company has a landlords product , $20,000,000 is becoming the norm for this type of insurance.Nat

]]> 6307dd3709c60b2aea03cec130292a58 https://www.propertyinvesting.com/topic/4392654-interest-rates-20/#post-4584365 Tue, 18 Mar 2008 14:18:49 +0000 The last rise on a loan of $500 000 increase repayments by close to $100 a month.   

]]> aac75d5eec0f773a417125ff7d00b4c8 https://www.propertyinvesting.com/topic/4392680-has-anyone-had-conservativelow-valuations-of-late/#post-4584489 Tue, 18 Mar 2008 14:11:40 +0000 Hi there,I am also in Perth. What suburb are you in and which valuer did you use. I am looking to get a valuation done soon and I know some pockets are not doing as well as others. Maybe if I choose a different valuer and get a better result I can let you know who I used, Otherwise if I get a low Val as well we will know it is the market.Nat

]]> 5570f4b89ba02f1dd343260874b17ea3 https://www.propertyinvesting.com/topic/4392660-thinking-of-committing-a-cardinal-sin-and-selling-some-advise-please/#post-4584407 Tue, 18 Mar 2008 12:34:18 +0000 HI Jeff,The house is one of the most expensive in the suburb  about $50 a week over the average. But it is valued about $200 000 over the average as well which will make selling more dificult I guess. Being an outer suburb probably not the best scenario for an investment as the value is largely in the building (which a tenant can damage) and not…[Read more]

]]> 88addd119b7970a91f4ea1eefb0c7dd1 https://www.propertyinvesting.com/topic/4391839-anyone-had-lasik-or-laser-eye-surgery-please-share-your-experience/#post-4580085 Tue, 18 Mar 2008 12:21:50 +0000 Hi there,I have been very interested to read this post as I to have been thinking about Lasik surgery as I have astigmatisms which cause shortsightedness and I believe can be corrected by this procedure. It occurred to me when reading the posts that as I am 35 if my eyes are going to deteriorate in my 40's due to weakening of the muscles which I…[Read more]

]]> 2308a848e73207e6c68ff8cb10e4a0da https://www.propertyinvesting.com/topic/4392660-thinking-of-committing-a-cardinal-sin-and-selling-some-advise-please/#post-4584405 Tue, 18 Mar 2008 12:05:07 +0000 Hi Jeff,Thanks for your comments. It is my understanding that as we lived in the property for 5 years prior to it becoming an IP then we can continue to claim it as our PPOR for a further 6 years and not be subject to CGT. As for the stampy duty for selling into trust that is probably what I am trying to weigh up at the moment it will be around…[Read more]

]]> 4358ca9602c42955ecfded5271c17533 https://www.propertyinvesting.com/topic/4392681-auction-after-the-private-sale-failed/#post-4584499 Tue, 18 Mar 2008 11:50:39 +0000 HI there,As the others have mentioned if the house is incorrectly priced then it is unlikely you will achieve your price at Auction either unless there is something very unique about the property.I am more concerned that you are feeling coerced into an auction situation that you are clearly not comfortable with. Perhaps take the property off the…[Read more]

]]> a1158ba845daab205242c22a3d069a99 https://www.propertyinvesting.com/topic/4392665-mortgage-watchdog-has-anyone-tried-it/#post-4584430 Mon, 17 Mar 2008 12:10:56 +0000 Hi there,It is my understanding that if you have a principal and interest loan and pay the basic monthly repayment which include interest and enough principal to pay the loan off over a specified number of years (25 or 30 usually) then there will never be a redraw amount. If you have a loan which allows for a redraw facility then you need to make…[Read more]

]]> ad88ec7c90f81162af46072f802c807d https://www.propertyinvesting.com/topic/4392660-thinking-of-committing-a-cardinal-sin-and-selling-some-advise-please/#post-4584401 Mon, 17 Mar 2008 12:03:42 +0000 I have looked at the figures as they stand the capital growth for 2007 was around 3.5% if that continues and we are able to claim all out interest then we will break even taking capital growth into account. I would think it would be about 3 years until growth returned to 5% or more in this outer suburb.We are also considering the option of selling…[Read more]

]]> 39c871cfecbd2c1ac18ad78fe80c4c22 https://www.propertyinvesting.com/topic/4392606-landlord-insurance-16/#post-4584131 Sat, 15 Mar 2008 13:21:49 +0000 Hi there,I work in insurance and sell a landlords policy through my company though truth be told it is not great so I would reccommend the policy I use for my own properties which is through Terri Sheer a specialist landlord insurer. This and most other landlords policies will cover for landlords fixtures and fittings such as curtains, appliances,…[Read more]

]]> 2ca827536dfc9be4f5b2716f3a516851 https://www.propertyinvesting.com/topic/4392645-insurance-on-strata-titled-properties/#post-4584315 Sat, 15 Mar 2008 13:10:41 +0000 Hi there,Having worked in real estate  in WA and currently in Insurance I thought I might put in my 2 cents worth here. Firstly the fact that it is strata titled property has no bearing on the need for landlords insurance. Landlords insurance shhould be taken as at settlement and I recommend you go through a landlord insurance specialist not one…[Read more]

]]> 06585950ffe7a608919a98bc8d5bcb5c https://www.propertyinvesting.com/topic/4392543-mortgage-brokers-in-perth-2/#post-4583817 Thu, 06 Mar 2008 04:30:58 +0000 I have access to a good broker , Russell Parry in WA through my work.  The set up with our company is that he is paid a salary instead of being on commission from any banks which means he really does look for the best deal for his clients rather than who is giving the best commission at the time. (No offence to other ethical brokers on this fo…[Read more]

]]> f943e6eed3dffec8b0d85ea100535991 https://www.propertyinvesting.com/topic/4385726-property-bust-not-here-yet-worse-to-come/page/19/#post-4548796 Sun, 24 Feb 2008 09:34:41 +0000 The housing boom in Perth was the result of the mining boom which has in no way slowed and continues to underpin prosperity in this country. Prices no doubt will soften slightly with all the media hype but the demand is still strong and as investors with the shortage of houses in some areas there are some great positively geared deals to be had as…[Read more]

]]> f180e10c623bea9e8a17a144aa5662b7 https://www.propertyinvesting.com/topic/4392407-price-for-garden-clearup/#post-4583186 Thu, 21 Feb 2008 04:17:05 +0000 HI there,In summer in Western Australia these types of clearing particularly in the south West are necessary for the huge bushfire risk. As it is the middle of summer it is likely that there needs to be a professional do the burnoff  which would include the need for permits etc. probably a revenue raising exercise for the local Govt but also to e…[Read more]

]]> 8c1388336de4f93e63cef07a01db9cbe https://www.propertyinvesting.com/topic/4391831-accountant-in-perth-2/#post-4580049 Tue, 08 Jan 2008 22:54:43 +0000 I am also in WA and am happy to travel the 600km to Perth if only I knew a good financial advisor or accountant to go to. So Postenterprises if you find someone who is property savvy can you also let me know.ThanksNatalie

]]> e7142b189d3004a1bee722e783285fb9 https://www.propertyinvesting.com/topic/4391831-accountant-in-perth-2/#post-4580048 Tue, 08 Jan 2008 22:54:02 +0000 I am also in WA and am happy to travel the 600km to Perth if only I knew a good financial advisor or accountant to go to. So Postenterprises if you find someone who is property savvy can you also let me know.ThanksNatalie

]]> ef64578cd114f6a9cd167c186fdeb5ce https://www.propertyinvesting.com/topic/4391852-landlord-insurance-for-nutty-tenants/#post-4580176 Tue, 08 Jan 2008 22:43:21 +0000 I actually work in insurance and have gone with Terri Scheer  for my landlords rather than the company I work for (and get huge discounts from). The main reason is that they are specialist landlord insurers and that they cover not only malicious damage by tenants which can be hard to prove but also accidental tenant damage which is less…[Read more]

]]> b1ddf758963e234a451d5cdb19106ad4 https://www.propertyinvesting.com/topic/4391879-positive-cashflow-properties-5/#post-4580308 Tue, 08 Jan 2008 22:24:37 +0000 I have also recently discovered Steve Mcknights books and after spending some time trolling these boards it seems that it is the exception rather than the rule to find a "ready made" cashflow positive property. It seems that most people are buying almost cashflow +ve or cashflow neutral and making changes to either the property, marketing or…[Read more]

]]> 844f5fc96582a967a027062f319f662c https://www.propertyinvesting.com/topic/4391864-a-complicated-rental-and-taxation-question/#post-4580211 Tue, 08 Jan 2008 03:06:43 +0000 HI Are you saying you think it is ok for  the property being owned in my husbands name to be leased to the company who supply it to us as accommodation and then we can claim the tax deductions.  Because this is more in our favour than getting the allowance. When we intailly set it up the company was paying $575p/w  rent for our property which was…[Read more]

]]> 62c0ef1b32fc64246cb082714d314689 https://www.propertyinvesting.com/topic/4391804-northern-coastal-nsw-and-sunshine-coast-what-are-your-opinions/#post-4579475 Fri, 04 Jan 2008 05:33:36 +0000 Thanks HG for pointing me to the magazine. I have seen them before but for some reson never thought of purchasing any. I have ordered the current and a couple of back issues to peruse.ThanksNat

]]> 4ed23edb15ba389fc3e1da5af395a980 https://www.propertyinvesting.com/topic/4391799-overwhelmed-and-not-sure-which-direction-to-head-in-can-someone-help-2/#post-4579438 Fri, 04 Jan 2008 02:16:57 +0000 In reply to Scotts post we already have 2 primary age children and most of our monthly income is already from a single wage my meager earnings just supplement. I would like to stop working and concentrate fulltime on investments while my husband continues his career and hopefully eventually my earnings will overtake his and he can reduce his…[Read more]

]]> be25ed47f223a0081cb8faea71216c18 https://www.propertyinvesting.com/topic/4391799-overwhelmed-and-not-sure-which-direction-to-head-in-can-someone-help-2/#post-4579433 Fri, 04 Jan 2008 00:10:04 +0000 Its interesting to read your perspectives. I am surprised not to have been advised to sell my house in Perth. This option is playing at the back of my mind as an easy but emotionally painful way out. I could put some of the proceeds on the Kalgoorlie house reducing the debt a possibly creating a positively geared investment for the future and have…[Read more]

]]> f194667313926c0f77a0bc38b38ab9b1 https://www.propertyinvesting.com/topic/4390643-wealthscore-how-did-you-go/page/4/#post-4573165 Thu, 03 Jan 2008 14:11:36 +0000 I can't believe it if we moved out of  our home and rented it out then our score is 315 and it said very good. This really is a new way of thinking I was always brought up to believe that renting is for losers as you are paying off someone elses mortgage far better to pay your own. Maybe I will have to find a good rental with a pool so as not to…[Read more]

]]> 35eea280dada35381f4bd7fbd476eeb0 https://www.propertyinvesting.com/topic/4390643-wealthscore-how-did-you-go/page/4/#post-4573164 Thu, 03 Jan 2008 14:03:48 +0000 We got -254 and can only survive today!!!  I am going back to see what my score would be if we rented out the home we live in and rented ourselves as it is the plan to make it an investment property eventually although kids may be disappointed as we just put in a swimming pool!!!

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