PropertyInvesting.com | markh3084 | Activity https://www.propertyinvesting.com/members/markh3084/activity/ Activity feed for markh3084. Sat, 11 Apr 2026 15:00:02 +0000 https://buddypress.org/?v=2.8.1 en-US 30 hourly 2 1a4531c9b5cdf15c0fc969449bee96a4 markh3084 replied to the topic Stamp Duty (Interesting Scenario) in the forum Help Needed! https://www.propertyinvesting.com/topic/4404173-stamp-duty-interesting-scenario/#post-4651469 Tue, 22 Jan 2013 04:53:41 +0000 Hello,

can you point me to the ATO ruling on the stamp duty concession for Canberra IPs? I purchased one last year and my tax agent is telling me I am unable to claim stamp duty. Any help would be appreciated

thanks

Mark

]]> 2edfe411d7d80e4752a5236b462b606a markh3084 replied to the topic long distance reno? in the forum Value Adding https://www.propertyinvesting.com/topic/4406369-long-distance-reno/#post-4667913 Tue, 24 Apr 2012 22:29:12 +0000 Hi Waydo77,I recently (last Sunday morning) finished a cosmetic renovation interstate. We settled on the property on the Wednesday afternoon and I wanted the property available for potential tenants to view by the following Monday. The renovation included the installation of curtains and blinds throughout, pruning and gardening of the front and…[Read more]

]]> e45e267f6e98b3638cbdaf51e51d63a6 markh3084 replied to the topic Contract for Sale - ACT in the forum Help Needed! https://www.propertyinvesting.com/topic/4406237-contract-for-sale-act/#post-4666727 Thu, 05 Apr 2012 23:49:19 +0000 Hello Joandchels,I am interested in why you are trying to do this yourself and not use a solicitor? Are you also going to market it yourself or use an agent?  I have recently purchased in ACT and, being from out of state, I was surprised by the detail in the contract and vendors statement (It included the contract, all searches, EER reports,…[Read more]

]]> 7c35edbba1435bfa9a8a73d03db6ff9b markh3084 replied to the topic Investing in Geelong Region in the forum Help Needed! https://www.propertyinvesting.com/topic/4406009-investing-in-geelong-region/#post-4664876 Sat, 03 Mar 2012 20:06:30 +0000 Hi Carolyn,why are you asking about Geelong? Is it because you live there or grew up there? If so you probably have some good local knowledge about the area. If you live in the area then that's a good starting point, because if you are happy to live there, then so will other similar people.Have you gone for a drive around those areas? If not, its…[Read more]

]]> f76a49ba545798ee79c1387f9b0c1704 markh3084 replied to the topic Is a LOC cross collateralising? in the forum Finance https://www.propertyinvesting.com/topic/4405960-is-a-loc-cross-collateralising/#post-4664416 Mon, 27 Feb 2012 07:33:16 +0000 Maybe its only the two answers….. thanks

]]> 78d8e3b196dd9b24ecf10f395fe6493b markh3084 replied to the topic On the way to 2nd IP and trying to find the right strategy in the forum Help Needed! https://www.propertyinvesting.com/topic/4405961-on-the-way-to-2nd-ip-and-trying-to-find-the-right-strategy/#post-4664420 Mon, 27 Feb 2012 06:34:00 +0000 It's hard to comment when we don't know the amount of equity/deposit/income you have.regardsMark

]]> a60d982adb11df4da8291652916825d1 markh3084 replied to the topic Negotiating Tips ?!! in the forum Help Needed! https://www.propertyinvesting.com/topic/4405958-negotiating-tips-3/#post-4664407 Mon, 27 Feb 2012 06:06:18 +0000 I would ring the agent and call him on it. Say you have been told its still on the market and find out if thats true, and if so, resubmit your offer. Real Estate agents tend to not be transparent in their dealings, so if you have been told something, there's certainly no harm in chasing it up. Your offer may be accepted.

]]> 7f4acb027011b000dbbc802a9ae647f3 markh3084 replied to the topic Build price - apartment block in the forum Help Needed! https://www.propertyinvesting.com/topic/4405934-build-price-apartment-block/#post-4664209 Thu, 23 Feb 2012 03:23:13 +0000 Have a look at this site….http://mortgagehouse.com.au/construction/construction-costs-per-square-metre.aspxregardsmark

]]> 035763e674c85dfdc733fe0a1f88f36b markh3084 replied to the topic Urgent help / advise needed in the forum Further to Catalysts https://www.propertyinvesting.com/topic/4405869-urgent-help-advise-needed/page/2/#post-4663798 Sun, 19 Feb 2012 20:25:16 +0000 Further to Catalysts comments, in some states the agent may put in several vendors bids, such as here in Victoria. Its an attempt to get the price closer to the reserve, so the reserves may have been in the vicinity of those figures….Mark

]]> 9fb5620d9ff18f519d7ebe39e19c3556 markh3084 replied to the topic Urgent help / advise needed in the forum Help Needed! https://www.propertyinvesting.com/topic/4405869-urgent-help-advise-needed/#post-4663790 Sat, 18 Feb 2012 21:19:03 +0000 Hello Nath,Its great to hear all the encouragement and advice you are getting. It does sound too good to be true, but definitely go along, you can learn a lot from watching auctions. I've been to a few lately where there are simply no bidders and you can learn from them too.I don't fully understand the delay with getting your funds from overseas…[Read more]

]]> 34363551802987e71bf6682004abbb73 markh3084 replied to the topic Tax payable on profits from a subsdivison in the forum Thank you Terry https://www.propertyinvesting.com/topic/4405244-tax-payable-on-profits-from-a-subsdivison/#post-4659257 Tue, 22 Nov 2011 20:47:36 +0000 Thank you Terry

]]> d00fb21f0b2a11f35dcc56b01a9c512b markh3084 replied to the topic subdivision/multi unit development in Banyule? in the forum Help Needed! https://www.propertyinvesting.com/topic/4402664-subdivisionmulti-unit-development-in-banyule/#post-4640988 Sun, 13 Feb 2011 01:47:58 +0000 Hi Limefroggyyou could try MBS (Metro Building Services) in Ivanhoe.They offer a full service for all the permits etc. You would still have to find a draughtsperson / architect tho.regardsMark

]]> 0ec1a8975defbfd0663962be2475c8af markh3084 replied to the topic Property investment in Reservoir Vic in the forum Help Needed! https://www.propertyinvesting.com/topic/4402747-property-investment-in-reservoir-vic/#post-4641669 Sun, 13 Feb 2011 01:40:24 +0000 Yes, and yes.

]]> 09db003202a621889812797003ad9de5 markh3084 replied to the topic Property investment in Reservoir Vic in the forum Help Needed! https://www.propertyinvesting.com/topic/4402747-property-investment-in-reservoir-vic/#post-4641665 Sat, 12 Feb 2011 04:42:23 +0000 I think its a good area for an IP. Large blocks are getting scarcer there so it might be a good spot for sub division or knock down and rebuild. I would not be paying more that the median price though for the suburb.   Reservoir has a broad mix of good and bad bits though. You would get a  feel for it pretty quickly by driving around the su…[Read more]

]]> cbf2799fc8dbee2ac48749f83b150a71 markh3084 replied to the topic What is a good renovation/DIY book for ideas on how to keep costs down and also how-to do things with doing own reno? in the forum Value Adding https://www.propertyinvesting.com/topic/4402309-what-is-a-good-renovationdiy-book-for-ideas-on-how-to-keep-costs-down-and-also-how-to-do-things-with-doing-own-reno/#post-4638869 Sat, 12 Feb 2011 04:38:41 +0000 Readers Digest 'Fix It Yourself' it contains everything and is specifically written for Aust and NZ readers in terms of standards etc.ISBN I 876689 28-5Ive used this book for an extension and renovation plus many many repairs.cheersMark

]]> 57a671ff22f29e96197572fc87563023 markh3084 replied to the topic Will Towoomba benefit from Surat Basin projects? in the forum Help Needed! https://www.propertyinvesting.com/topic/4400103-will-towoomba-benefit-from-surat-basin-projects/#post-4625353 Fri, 11 Jun 2010 04:43:20 +0000 I lived there for two years (several years ago). The town is well laid out, good shopping, really good schools, services a large agricultural area, and has two major defence facilities close by. Also has a Uni etc, great town overall.

]]> f84748c25dda6c0898209939a01780c9 markh3084 replied to the topic Further Reading in the forum Help Needed! https://www.propertyinvesting.com/topic/4399910-further-reading/#post-4624391 Sun, 16 May 2010 08:21:34 +0000 There are generally heaps in your local library. The Idiots guide to real estate investing is a pretty easy read, written for an australian audience. Don't be put off by the title.

]]> 902ac98c4fab8ea9701ec8e5482b2bb7 markh3084 replied to the topic 10 yrs to retire if all goes well, Advise would be great!! in the forum Creative Investing https://www.propertyinvesting.com/topic/4399450-10-yrs-to-retire-if-all-goes-well-advise-would-be-great/#post-4621572 Sat, 17 Apr 2010 05:21:40 +0000 I'll do it for $35K.Just kidding, don't give this guy your cash, total Scam

]]> f726b798c16b72279cdc95dafc4fa114 markh3084 replied to the topic When & how to value IP in the forum Help Needed! https://www.propertyinvesting.com/topic/4399428-when-how-to-value-ip/#post-4621423 Wed, 07 Apr 2010 21:13:47 +0000 A friend of mine is in a similar situation, and was looking at an independent valuer. Everything we read and everyone we spoke to advised us that real estate agents will over value and banks will undervalue. The cost of valuers will range a little bit, I just had a 2BR unit in Melbourne valued and it cost $185, but my friend was quoted between…[Read more]

]]> a0234f1be17785cb67c7177bfd076911 markh3084 replied to the topic How do you go about your research? in the forum Help Needed! https://www.propertyinvesting.com/topic/4399379-how-do-you-go-about-your-research/#post-4621095 Sun, 04 Apr 2010 20:55:03 +0000 There are numerous books that cover due diligence, pop into your local library and go to the investing section, I'm sure you will find a hand full that give different approaches to this process. Bonus, they are free, too!

]]> c896b4c8db28da6651f3f1f2f23362cf markh3084 replied to the topic Need a Good Insurance Company in the forum Help Needed! https://www.propertyinvesting.com/topic/4399259-need-a-good-insurance-company/#post-4620257 Wed, 24 Mar 2010 05:02:24 +0000 I was with Terri Sheer for a few years. I changed on the basis of cost, not that I went with the cheapest insurance provider,  but they have a flat rate for units and a flat rate for houses. After shopping around for some time I found that other policies are quite comparable and a bit cheaper. I have the same coverage but at a lower cost. I never…[Read more]

]]> ea005f8f5a4ce79a4e2d8d384d9a8485 markh3084 replied to the topic Asset Protection loooong term!!!! IS a trust the way to go? in the forum Help Needed! https://www.propertyinvesting.com/topic/4399128-asset-protection-loooong-term-is-a-trust-the-way-to-go/#post-4619380 Wed, 17 Mar 2010 08:47:42 +0000 Thanks everyone for the input, I have heaps to go on. I appreciate it.Mark

]]> 7350d62f0c7c4ab64d486f082dde5a54 markh3084 replied to the topic Asset Protection loooong term!!!! IS a trust the way to go? in the forum Help Needed! https://www.propertyinvesting.com/topic/4399128-asset-protection-loooong-term-is-a-trust-the-way-to-go/#post-4619366 Mon, 15 Mar 2010 03:35:45 +0000 Thanks Chiz, I have read another of their books, so will look around for it. Thanks also to Miike, I had done a search and the resulting list of 32 pages of links was too long to wade through. Cheers to allMark

]]> 6217ca602dcc5274572e0d114fb5fa8b markh3084 replied to the topic Minimum Repayment Q in the forum Help Needed! https://www.propertyinvesting.com/topic/4398907-minimum-repayment-q/#post-4617897 Sat, 27 Feb 2010 00:27:07 +0000 Can I clarify something then? I have no personal debt, I have a P&I loan on our first IP and are looking to set up to buy our second IP. Should I continue with P&I loans if I can afford the full repayment?ThanksMark

]]> e923460412c594de12fda7b01498965a markh3084 replied to the topic Queenstown Tassie. in the forum General Property https://www.propertyinvesting.com/topic/4398683-queenstown-tassie/#post-4616559 Thu, 25 Feb 2010 04:54:01 +0000 Last month i spent some time driving around Tassie, and it is an awesome state. Queenstown seemed to haver over half of its properties for sale and they were extremely run down. I think there are plenty of other spots down there that you would find something better. I think in terms of access to agents/builders/etc the east coast would be better,…[Read more]

]]> 3196671621081cb83869e09fd5d3196b markh3084 replied to the topic Is a line of credit the same as cross collaterisation? in the forum Help Needed! https://www.propertyinvesting.com/topic/4398884-is-a-line-of-credit-the-same-as-cross-collaterisation/#post-4617739 Wed, 24 Feb 2010 10:47:03 +0000 Thank you guys, I really appreciate the help. Looking forward to sorting it out.Best regardsMark

]]> ccbb3d91b615b3918ca92260c21c54a5 markh3084 replied to the topic Is a line of credit the same as cross collaterisation? in the forum Help Needed! https://www.propertyinvesting.com/topic/4398884-is-a-line-of-credit-the-same-as-cross-collaterisation/#post-4617734 Wed, 24 Feb 2010 06:35:25 +0000 Thanks Richard. The lender is ING and their exit fee in the fourth year of a loan is $350. If I was to refinance this loan with another lender who would be happy to finance the existing balance of approx $180K (property valued at around $280K now) using the IP as security, I believe I would have to pay the establishment fees, plus the $350. DOes…[Read more]

]]> 2ed6a70f5e70a33e1da3629521144bd6 markh3084 replied to the topic Negatives of Positive Gearing in the forum Help Needed! https://www.propertyinvesting.com/topic/4398872-negatives-of-positive-gearing/#post-4617651 Tue, 23 Feb 2010 08:05:10 +0000 Are you looking at student type studio accommodation near universities such as in Carlton Melbourne etc? If so, you should probably be wary that students only need accommodation for 9 to 10 months of the year so you may face some long periods that the unit is vacant. Also, how are students going to treat the property? If you have ten different…[Read more]

]]> c17dc2da0081effa71ad5e9699872719 markh3084 replied to the topic Can you recommend an accountant? in the forum Help Needed! https://www.propertyinvesting.com/topic/4398841-can-you-recommend-an-accountant/#post-4617499 Mon, 22 Feb 2010 07:57:26 +0000 Hi Richard,I did have a look at their website, which includes a price list. I too thought that maybe it would be easy to quickly run up a bill. Do you think I can do better than C & N based on their prices or on services? Can you recommend someone else?ThanksMark

]]> 5c9b3ff60f75e11ded2efe97d8032e57 markh3084 replied to the topic Can you recommend an accountant? in the forum Help Needed! https://www.propertyinvesting.com/topic/4398841-can-you-recommend-an-accountant/#post-4617496 Sun, 21 Feb 2010 04:26:40 +0000 P>S  I was thinking of Chan and Naylor? Anyones views???ThanksMark

]]> 7d7c0bb548137e14a285352cccdfedc9 markh3084 replied to the topic Hot Investing Suburbs in the forum Hi Peter, In regards to https://www.propertyinvesting.com/topic/4398823-hot-investing-suburbs/#post-4617430 Sun, 21 Feb 2010 01:42:54 +0000 Hi Peter,In regards to Heidelberg West, Only about five years ago, quarter acre blocks with old 2 bedroom houses were selling across the suburb for under 200K. It has had good growth due to the renovation of the Austin hospital, the completion of the Mercy hospital, the new TAFE college, etc etc and now the same propertys are early to mid 400K. So…[Read more]

]]> 5a5978dc0b9270c3a7433304d229a825 markh3084 replied to the topic Can you recommend a property advisor and.or accountant in Melbourne??? in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4398776-can-you-recommend-a-property-advisor-and-or-accountant-in-melbourne/#post-4617128 Fri, 19 Feb 2010 07:20:32 +0000 Thanks Jim,I have actually met a client of yours who gave you a very strong recommendation. I am still trying to read widely on the subject of property investment to get some ideas, as I don't necessarily want to be managed through the whole process. What I am looking for is an advisor to help me develop a financial plan, I believe an investment…[Read more]

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