PropertyInvesting.com | mcdeyess | Activity https://www.propertyinvesting.com/members/mcdeyess/activity/ Activity feed for mcdeyess. Tue, 14 Apr 2026 19:22:44 +0000 https://buddypress.org/?v=2.8.1 en-US 30 hourly 2 063e1413053799ad240dfbf911bab2a2 mcdeyess replied to the topic housing shortage 1000 people a week into qld in the forum General Property https://www.propertyinvesting.com/topic/4387305-housing-shortage-1000-people-a-week-into-qld/#post-4556909 Wed, 15 Nov 2006 06:36:56 +0000 Here are some recent net migration figures for various states. Unfortunatley it isn’t broken down by city [glum]

http://www.abs.gov.au/ausstats/abs@.nsf/0e5fa1cc95cd093c4a2568110007852b/6949409dc8b8fb92ca256bc60001b3d1!OpenDocument

Basically for QLD it says that numbers are down from last year. As I see the math this is about 515 (Net) people…[Read more]

]]> 5095f174e455ac1f127b5c19e38c5d01 mcdeyess replied to the topic A Sceptic's View of the Property Boom in the forum General Property https://www.propertyinvesting.com/topic/4387216-a-sceptics-view-of-the-property-boom/#post-4556540 Sun, 29 Oct 2006 14:02:36 +0000 here is the article

A sceptic’s view of the property boom

The game has changed and not for the better, in the opinion of Bill Bowness, who says it could end in tears.
Bill Bowness fairly drips with caution. With a dogged prudence he has ridden the booms and the busts of property for more than 30 years.

Last month he decided to sell up in a $330…[Read more]

]]> f3340c2a41804506fa65ffeac67dbf95 mcdeyess replied to the topic Friday fun: Building inspection nightmares! in the forum General Property https://www.propertyinvesting.com/topic/4387204-friday-fun-building-inspection-nightmares/#post-4556499 Fri, 27 Oct 2006 11:37:35 +0000 My partner and I love property ladder, selling houses and how to be a property developer. They are great shows to watch. The american reno shows on the how to channel are so scary. Over there is seems anyone can do electrical and plumbing work. The show is like “this is so easy” as they plumb a bathroom or wire up a kitchen!!!!
Things like…[Read more]

]]> 86bed65a9ac23b3156336d9220b8979b mcdeyess replied to the topic A simple trust question... I think in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4386611-a-simple-trust-question-i-think/#post-4553708 Wed, 30 Aug 2006 23:51:04 +0000 Thank you all for your responses. You have made things that little bit clearer. I am printing out the ATO guide and will review it in more detail, I did look at it initially but found it confusing as it is combined with information for partnerships. I think it will make more sense now thanks to your assistance.
I am also looking to get one of…[Read more]

]]> eaceda4f5b3c80d01ba883069595cbc0 mcdeyess replied to the topic Renting out - Australia's most unsuccessful busine in the forum General Property https://www.propertyinvesting.com/topic/4386609-renting-out-australias-most-unsuccessful-busine/#post-4553691 Tue, 29 Aug 2006 00:52:33 +0000 Great post Clones a very interesting article.

I must admit to being completley naive with regards to Super in particular SMSF. I know how much super I have and the contributions my employer and I make but that is about it.

Can anyone explain to me how this “tax-free” super is some kind of super investment? (no pun…[Read more]

]]> 7ca255eeee370547d2ec79d5fcf5240d mcdeyess replied to the topic One firm - account + financial planner = conflict? in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4386519-one-firm-account-financial-planner-conflict/#post-4553219 Mon, 21 Aug 2006 06:45:41 +0000 Terry and Cata,

Thanks for your thoughts. I appreciate the opinons of more experienced investors such as yourselves. I will try it and see how I go this year [biggrin]

Cheers,

mcdeyess@hotmail.com

]]> 907f7922c830e63b574164c337ed7f5f mcdeyess replied to the topic Property bust not here yet ... worse to come in the forum No Subject https://www.propertyinvesting.com/topic/4385726-property-bust-not-here-yet-worse-to-come/page/4/#post-4548502 Sun, 20 Aug 2006 23:55:25 +0000 I will answer wealth4life’s question first with regards to what our long term goal is in property (though it is probably better suited to a post of it’s own)

I am in my late 20’s (partner early 30’s) and have a long term goal of being semi-retired by 2020. For us this would require approximatley a 1.5 – 2 million dollar property portfolio…[Read more]

]]> 8db806e820764a4ea849652712af9c9a mcdeyess replied to the topic Interest rates up property prices to fall further in the forum General Property https://www.propertyinvesting.com/topic/4386264-interest-rates-up-property-prices-to-fall-further/#post-4552045 Fri, 28 Jul 2006 05:30:37 +0000 Hmm rents are increasing also though never enough to catch up to consecutive interest rate increases.
If I took a simplistic view then I would say that the rise would cause a drop in prices however I feel that even if it was a .5% rise this time that the price never really drops but doesn’t keep pace with inflation and other economic factors like…[Read more]

]]> 00fdb0f2d062d20920ca98a36611b079 mcdeyess replied to the topic Cheap but Good Quality Kitchen Bench guy.Anyone? in the forum Value Adding https://www.propertyinvesting.com/topic/4386112-cheap-but-good-quality-kitchen-bench-guy-anyone/#post-4551437 Fri, 14 Jul 2006 01:38:56 +0000 mspartal,

I have been looking at this product in QLD http://www.granitetransformations.com.au/

This resurfaces your existing benchtops with a granite based product. It has a 10 year warranty and is apparently reasonably priced though I haven’t got a quote yet.

I am not typically a fan of resurfacing however a friend of mine worked for a…[Read more]

]]> 82dd5227f881dc59a4e5c1da5cf1f956 mcdeyess replied to the topic Meeting in Brisbane North in the forum General Property https://www.propertyinvesting.com/topic/4385891-meeting-in-brisbane-north/#post-4550367 Mon, 03 Jul 2006 06:16:08 +0000 Hello all,

I think this is a fantastic idea. My partner and I are based in Brisbane. We have one investment property and are interested in getting more into the game. It would be great to talk to other like minded people. August 2nd 7.30 at breakfast creek was published. Is that the go?

Cheers,
mcdeyess@hotmail.com

]]> 7f733af181d9829c1193fff21872daa5 mcdeyess replied to the topic Tax considerations if you buy renovate and sell? in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4385727-tax-considerations-if-you-buy-renovate-and-sell/#post-4549553 Wed, 07 Jun 2006 00:14:17 +0000 Thanks Terry, this sure is theoretical. I am just trying to put the research together for how this whole thing is going to work. My partner and I are young, have time, equity (from our 1 ip) and cash. It is just a matter of whether the market in QLD is right and if we can make a profit that is worth our time. We both enjoy looking at the…[Read more]

]]> 5924f4e0acc328b7b37fd9f7bbba2596 mcdeyess replied to the topic Tax considerations if you buy renovate and sell? in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4385727-tax-considerations-if-you-buy-renovate-and-sell/#post-4549551 Mon, 05 Jun 2006 06:24:49 +0000 I am not carrying out a business…. yet. I wanted to try my hand with a few renovations and see how it went.
I only have one investment property and was looking to do a few reno’s next year. My tax is all sorted this year, I am planning how things will go next year. I am one of those crazy people who likes to do some research before spending…[Read more]

]]> a6eb7b4ed01cd25eb57188d55a6744bc mcdeyess replied to the topic Tax considerations if you buy renovate and sell? in the forum No Subject https://www.propertyinvesting.com/topic/4385727-tax-considerations-if-you-buy-renovate-and-sell/#post-4549548 Mon, 05 Jun 2006 05:14:38 +0000 Thanks foundation, a very interesting link. I believe I would fall in to this category;

snip

profit making activity of property renovation, your position may be briefly summarised as:

the CGT discount and the main residence exemption do not reduce your net profit
your net profit (or loss) is included in your income tax return – it is…[Read more]

]]> dfada2bb4cebc3a503d7e8a4877c7f89 mcdeyess replied to the topic Property bust not here yet ... worse to come in the forum General Property https://www.propertyinvesting.com/topic/4385726-property-bust-not-here-yet-worse-to-come/#post-4548428 Mon, 05 Jun 2006 04:44:20 +0000 Have you thought about shares? The current commodities boom is going well thanks to our friends in China [biggrin]

Though it is good to diversify I am guessing you were asking more specifically about property.
I bought my first investment property a few years ago in QLD without knowing too much and just wanting to get into the game. It is going…[Read more]

]]> 0814e9beb9eedd09aa1da51eda420f9a mcdeyess replied to the topic Opinions on DIY Flat pack kitchens in the forum Value Adding https://www.propertyinvesting.com/topic/4385665-opinions-on-diy-flat-pack-kitchens/#post-4548192 Thu, 01 Jun 2006 00:36:08 +0000 Thanks very much to everyone who has responded, I appreciate the feedback. [biggrin]

I did have a quick look at IKEA kitchens, they did seem a bit more expensive but perhaps the quality is better. I am mindful of the time it may take to do the work. I have only previously ripped a kitchen out and not installed a new one.
I will look out for…[Read more]

]]> bd05645108300dedb02a558b0afd1807 mcdeyess replied to the topic Reno Strategy - good for any time of the cyle? in the forum Value Adding https://www.propertyinvesting.com/topic/4385462-reno-strategy-good-for-any-time-of-the-cyle/#post-4547308 Fri, 19 May 2006 05:16:05 +0000 Hi there,

I am based in QLD, I have one investment property and am looking to get another to renovate and rent/on-sell. I thought this was a good question with regards to how the current market is with regards to renovations.
Even in an up market there are opportunities to find a bargain but I guess you possibly limit your profit potential?? I…[Read more]

]]> cb21ba26245f47a3ed5e5fdf58875712 mcdeyess replied to the topic what is a good salary these days? in the forum No Subject https://www.propertyinvesting.com/topic/4367428-what-is-a-good-salary-these-days/page/2/#post-4425871 Tue, 02 Sep 2003 22:14:23 +0000 It isn’t often you hear a bombers fan say this but “Well done Richmond” [:D]

I think typically no matter how much you earn you always want more. I have climbed the ladder in my industry and you always adjust to your new pay level. Even when I got a 13K pa rise in pay it only took about 6 months to think…well it’s good but more would be better.…[Read more]

]]> f34f35cf8bdf01b3f6c11fa092f5c95b mcdeyess replied to the topic Needs Suggestions & Motivations for Saving Plan in the forum The Treasure Chest https://www.propertyinvesting.com/topic/4367431-needs-suggestions-motivations-for-saving-plan/#post-4425909 Tue, 02 Sep 2003 22:01:04 +0000 Writing down what you spend your money on before you start is the best way to go in my opinion. My accounting class was set to do this as our first task in UNI so we could build a ledger, profit and loss etc. It opens your eye’s as to where you spend your money.
I have an excel spreadsheet that I have configured with mine and my partners budget,…[Read more]

]]> fe3b7dafc3ea182fe640885c083a7d43 mcdeyess replied to the topic To sell or not to sell.... in the forum No Subject https://www.propertyinvesting.com/topic/4367419-to-sell-or-not-to-sell/#post-4425720 Tue, 02 Sep 2003 02:39:44 +0000 Without knowing where these properties are a 100% return on your investment is brilliant, the times when people run into trouble is when they get greedy. If you are looking to sell, now is the time. If you are concerned about penalties from fixed rate loans, why not sell one now and wait a few years to get rid of the other without a penalty. I…[Read more]

]]> 46920882fb898e3f61fe14eca8548744 mcdeyess replied to the topic possitive gearing in the forum The Treasure Chest https://www.propertyinvesting.com/topic/4367401-possitive-gearing/#post-4425637 Mon, 01 Sep 2003 06:11:12 +0000 Leeanne75
As much as I would like to give you an easy answer, there really isn’t one. If there was some magic town/suburb where all property was positively geared then it would be snapped up pretty quickly wouldn’t it. It comes down to looking around, QLD has better opportunities than most states. Many people buying +geared at the moment are…[Read more]

]]> 0995dd5fa6924516445ae41e32cfd16e mcdeyess replied to the topic Housing Boom Tipped To Go On in the forum No Subject https://www.propertyinvesting.com/topic/4367394-housing-boom-tipped-to-go-on/#post-4425581 Mon, 01 Sep 2003 02:47:11 +0000 Apparently building figures released this morning show another increase, but it was mainly attributed to appartments not houses. I think there is still some growth in the market though not at the same speed we have seen over the past few years. Interest rates are tipped to go up half a % over the next year, I don’t think that will slow things…[Read more]

]]> 88ee6e81251c8e73f7e83191a3ad14b3 mcdeyess replied to the topic GREEN POINT in the forum No Subject https://www.propertyinvesting.com/topic/4367391-green-point/#post-4425572 Mon, 01 Sep 2003 02:41:39 +0000 Perhaps a few extra details could be on some use.

Where is green point?
Block size?
cost?
What is on the ajoining blocks?

McDeyess

]]> c50a2eb20febe50eaa1ac253bee3f6ab mcdeyess replied to the topic WHat are peoples hobbies? in the forum The Treasure Chest https://www.propertyinvesting.com/topic/4367305-what-are-peoples-hobbies/#post-4425146 Fri, 29 Aug 2003 03:08:51 +0000 Hobbies,

Investing – Property and Shares.
Basketball (Keeps me active)
Camping & Fishing + Beer (Great stress relief)
AFL (I am an Essendon fan but live in Brisbane so go and watch all the Lions games)
Cricket (Beer, sunshine and cricket at the GABBA)
Computers
Beer (time for another homebrew batch me thinks)

Through writing this list it only…[Read more]

]]> 80ab3018f990c08e8287298d1d505e3c mcdeyess replied to the topic Population Growth Figures for QLD in the forum The Treasure Chest https://www.propertyinvesting.com/topic/4367253-population-growth-figures-for-qld/#post-4424739 Wed, 27 Aug 2003 01:33:37 +0000 Yeah I have believed for a while that QLD still has some growth. One of the valid points someone on this forum raised against it is the job market here. I do agree having moved here recently I know lots of newcomers looking for work, it is there but not as easy to find. Mind you that is just annecdotal *cannot spell* evidence, does anyone know…[Read more]

]]> d48ccff5b6048103a132143d422daa2c mcdeyess replied to the topic What's your profession? in the forum The Treasure Chest https://www.propertyinvesting.com/topic/4367252-whats-your-profession/#post-4424483 Wed, 27 Aug 2003 01:29:11 +0000 I don’t know if I am bored at work, I just use the quite times in the morning and lunch time to have a look at what is going on. I am pretty addicted to the forum so sometimes that is hard.
Oh yeah I work in IT also as a sys admin/manager.

McDeyess

]]> 4397382c9330e4fa069aab7e9c0dfef1 mcdeyess replied to the topic Questions to ask vendors... in the forum The Treasure Chest https://www.propertyinvesting.com/topic/4367248-questions-to-ask-vendors/#post-4424447 Tue, 26 Aug 2003 22:43:23 +0000 Cremin,

I wouldn’t waste my time asking the vendor if it is a nice area etc, they can easily lie as they have a vested interest. In some contracts for sale it stipulates that the Vendor has to provide you the names of ajoining neighbours if you ask. I would certainly do that. Then rock up on a weekend and see if anyone near the place is out in…[Read more]

]]> 90df53d650ec9ab5063a1c63e3487452 mcdeyess replied to the topic Valuations in Brisbane in the forum The Treasure Chest https://www.propertyinvesting.com/topic/4367238-valuations-in-brisbane/#post-4424393 Tue, 26 Aug 2003 22:20:33 +0000 Thanks very much Mel. It wasn’t for refinancing just trying to get an idea if my PPOR is good value. I will give them a call, thanks for the pest inspection contact also.

McDeyess.

]]> 6ad6c9ce87e8e30a087081c72225a61b mcdeyess replied to the topic conveyancing report necessary? in the forum No Subject https://www.propertyinvesting.com/topic/4367230-conveyancing-report-necessary/#post-4424377 Tue, 26 Aug 2003 06:50:34 +0000 Hello,
On a slightly seperate but related topic. You can take a Contract of sale to most Conveyancing solicitors and they will review it for you at no cost (with no obligation to do conveyancing through them). You can do this before you sign it if you feel that you have time and are not confident with these legal documents.

McDeyess

]]> e841467aaff96b57ba8c3c1d7dc9b8b5 mcdeyess replied to the topic Pos geared property near Canberra. in the forum The Treasure Chest https://www.propertyinvesting.com/topic/4367211-pos-geared-property-near-canberra/#post-4424262 Tue, 26 Aug 2003 03:03:25 +0000 I am not expert but I did until recently live in Canberra for 22 years. North Lyneham is certainly a good area location wise, but I think you would find it very difficult to get positive cashflow properties there at the moment. With regards to Canberra in general I would wait to see what the market does there it could be very close to its peak.

McDeyess

]]> 90ff0d63875336399d4e5d9b67f2dfce mcdeyess replied to the topic Was the broker really working for us? in the forum The Treasure Chest https://www.propertyinvesting.com/topic/4367157-was-the-broker-really-working-for-us/#post-4423870 Sun, 24 Aug 2003 22:32:26 +0000 Hey caz,

I think like most things it is a case of due dilligence. I am in a similar position right now with getting my PPOR, I went to see 4 banks before I spoke to a mortgage broker so I could see what was out there myself. Didn’t take long maybe half a day I would just walk into a bank and say I wanted to talk to someone about getting a home…[Read more]

]]> 64187f179757c022cb06d094bbe48b32 mcdeyess replied to the topic Will you buy if -ve gearing is abolished? in the forum No Subject https://www.propertyinvesting.com/topic/4367108-will-you-buy-if-ve-gearing-is-abolished/page/2/#post-4423566 Fri, 22 Aug 2003 03:28:48 +0000 I for one don’t think they should or will abolish negative gearing. IMHO any time the government fiddles with a market to change it’s dynamics they just make things worse….for everyone. The suggestion it could be better spent to benefit the community is laughable. I work in government and see money wasted every day that could better benefit…[Read more]

]]> b6a65cd5aa6b80713ce5867902d480f2 mcdeyess replied to the topic Would you begin investing in IP's from scratch? in the forum The Treasure Chest https://www.propertyinvesting.com/topic/4367128-would-you-begin-investing-in-ips-from-scratch/#post-4423708 Fri, 22 Aug 2003 03:19:49 +0000 Housesonly, I live in QLD also, great place isn’t it [:D]
Some of the reasearch I have read suggests QLD could move up another 10 – 20% by 2003, after that things could become more interesting again, I think Warren Buffet is the one who said 2008 is the year to look out for with regards to the baby boomers so look for them to come in droves. Your…[Read more]

]]> e52280fea60c73873a0c0638c1a4b262 mcdeyess replied to the topic Would you begin investing in IP's from scratch? in the forum No Subject https://www.propertyinvesting.com/topic/4367128-would-you-begin-investing-in-ips-from-scratch/#post-4423706 Fri, 22 Aug 2003 01:40:09 +0000 Hi there,

I am more a newbie than an “experienced property investor” but from my own research and reading of this forum I would say hold off for the crash in Sydney, Canb and Melb. QLD still has some potential for growth due to it being a little behind, seachange effect and migration patterns but it certainly isn’t easy.

Since the release of…[Read more]

]]> 62f16c7e7209eb8bd8e2cd0521fe706e mcdeyess replied to the topic company trust fund or both??? in the forum No Subject https://www.propertyinvesting.com/topic/4367013-company-trust-fund-or-both/#post-4422820 Sun, 17 Aug 2003 22:35:26 +0000 Nick,

That was a great post, really informative and useful as I am also looking at the Trust/company structure with its various pro’s and cons. Can I ask where your information was sourced? I am wondering how useful you found wealth guardian to be?

McDeyess

]]> d288ea227c3835d58751d6c16046fba2 mcdeyess replied to the topic Anyone heard of Villa World limited developers in the forum The Treasure Chest https://www.propertyinvesting.com/topic/4366893-anyone-heard-of-villa-world-limited-developers/#post-4422067 Wed, 13 Aug 2003 22:44:35 +0000 Thanks for the tip Birdman I will check it out. I am looking at a couple of estates they are building in a North Brisbane suburb. One is mainly stand alones houses on small blocks, while the other is more the semidetached townhouse style you refer to.

Regards,
McDeyess

]]> 21e2699a1dacb8a51e928652bc10e414 mcdeyess replied to the topic Fin Review article on Home affordability in the forum No Subject https://www.propertyinvesting.com/topic/4366855-fin-review-article-on-home-affordability/#post-4421895 Mon, 11 Aug 2003 05:28:02 +0000 Thanks for the responses guys/gals?? Point taken re: Government interference. I understand it has always been difficult to take that first step however I think the current figure is that housing affordability is at it’s heighest point in 13 years, so I think something can be said for the current market getting more difficult in my time (13 years…[Read more]

]]> 84f10cc80b058cda957a5d36387a862b mcdeyess replied to the topic Million dollar mindset in the forum The Treasure Chest https://www.propertyinvesting.com/topic/4366775-million-dollar-mindset/#post-4421442 Fri, 08 Aug 2003 04:25:19 +0000 To a certain extent I do agree with you Crashy. Certianly being lazy is not going to make anyone rich. One of the things I have picked up from my readings and conversations with wealthy people is that they all do work hard. But working hard is relative, they love what they do, whether it is buying property, trading/investing shares or whatever…[Read more]

]]> f3495172de5a9e237dc495ee0566d9aa mcdeyess replied to the topic $7000 homebuyers grant Vs renting in the forum The Treasure Chest https://www.propertyinvesting.com/topic/4366766-7000-homebuyers-grant-vs-renting/#post-4421397 Thu, 07 Aug 2003 23:47:54 +0000 Hey Spanner,

Your situation sounds very similar to mine (except of the getting burnt part [:(] ) I was looking at maybe using the FHOG plus some of my savings to get my PPOR. Then using the rest of my savings to buy a place with an Interest only loan. I would use the Rent money to pay extra off my PPOR mortgage for a while, when the rental…[Read more]

]]> 11e8abdbe0bd6b70870a650224b269c5 mcdeyess replied to the topic positive geared SHARES in the forum The Treasure Chest https://www.propertyinvesting.com/topic/4366696-positive-geared-shares/page/2/#post-4421002 Thu, 07 Aug 2003 03:06:26 +0000 Just a quick note on CFD’s and dealforfree. I went to one of their seminars and the concept looked pretty good to me. But then again I am new to stocks so am trying to learn before more before diving in and using leverage. One point with regards to cost that doesn’t appear to have been picked up in this thread is that at the moment the ASX will…[Read more]

]]> 6ff8082736ce638b60e52cfe1905ea2c mcdeyess replied to the topic Anyone been to the George Mihos TNTI workshop? in the forum The Treasure Chest https://www.propertyinvesting.com/topic/4366589-anyone-been-to-the-george-mihos-tnti-workshop/#post-4420436 Wed, 30 Jul 2003 03:27:10 +0000 Thanks Steve,

Your response is very interesting, I also noticed during the seminar that he was using diagrams of income flow comparing poor, middle-class and rich that look surprisingly similar to what is found in “Rich Dad, Poor Dad”, this was even more interesting when one of the quotes had a source of the books author Robert Kiyosaki. George…[Read more]

]]> e3759c85f27e6848c3dd032beff9f6de mcdeyess replied to the topic WHO HAS BEEN BUYING CAIRNS? in the forum The Treasure Chest https://www.propertyinvesting.com/topic/4366573-who-has-been-buying-cairns/#post-4420210 Wed, 30 Jul 2003 02:54:31 +0000 Hey people,

I have been to Cairns a few times of late for work and am going up again this week. Is it possible that the reason prices are going up in Cairns at the moment is due to Joe Hockeys comments about Sydney not being a popular tourist destination for the Asian market anymore, and places like Cairns are starting to take over as “the…[Read more]

]]> 5664744325c20b6cb0b434f2b6b3ace5 mcdeyess replied to the topic Brisbane Suburb Watch in the forum No Subject https://www.propertyinvesting.com/topic/4366221-brisbane-suburb-watch/#post-4418183 Fri, 04 Jul 2003 01:07:39 +0000 I also have a question about the Brisbane market. I am new to QLD having moved from Canberra so I understand little about the market and am trying to catch up. I read in an early forum topic to stay away from the inner city appartments? Why is this? I understand that there is currently there is an oversupply doesn’t that just mean you can get a…[Read more]

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