PropertyInvesting.com | nedkelly | Activity https://www.propertyinvesting.com/members/nedkelly/activity/ Activity feed for nedkelly. Mon, 13 Apr 2026 02:43:10 +0000 https://buddypress.org/?v=2.8.1 en-US 30 hourly 2 85a3c35baf9c48018d68155385325e8c nedkelly replied to the topic MEDIAN HOUSE PRICES DOWN 2% in the forum Help Needed! https://www.propertyinvesting.com/topic/4392775-median-house-prices-down-2/#post-4585229 Sun, 30 Mar 2008 13:54:37 +0000 blogs wrote:
Hmmmmmm and we still have a booming economy and 'proprty shortage'…..

 The property shortage is well documented and the economy is still booming if you take economic growth figures in to account. This article doesn't refer to either of these things. The article states it's interest rates and the falling stockmarket that have d…[Read more]

]]> 4f78c959896e5d3d5f750e333909b388 nedkelly replied to the topic Whats your 2008 investment strategy? in the forum Opinionated! https://www.propertyinvesting.com/topic/4391769-whats-your-2008-investment-strategy/#post-4579236 Sun, 23 Mar 2008 10:20:17 +0000 I have just purchased a couple of bargain properties in Perth and are looking for others and are very optomistic about the next few years. Interest rates have just about peaked and will come down quickly in the next 12 months as the fear of recession becomes greater than the fear of inflation. Rents are increasing at a great rate, due to the hu…[Read more]

]]> 990aff09743c4b1fcdebfcaa3a5e61f8 nedkelly replied to the topic Doing your own accounting in the forum General Property https://www.propertyinvesting.com/topic/4386147-doing-your-own-accounting/#post-4551589 Fri, 21 Jul 2006 06:02:23 +0000 Firstly in the interests of disclosure I am an accountant so perhaps have a biased point of view.

IMHO people who complete there own rental tax returns are a lot more likely to have an ATO audit. If you think you have completed it correctly then perhaps you are not to worried about this. However the simple fact is you cannot rely on ATO phone…[Read more]

]]> 6789f5b270e824c8bd8e845f1961398a nedkelly replied to the topic NZ Trusts in the forum Overseas Deals https://www.propertyinvesting.com/topic/4378482-nz-trusts/#post-4505098 Fri, 14 Jul 2006 12:26:38 +0000 I have been a tax accountant in Australia & NZ.

What people should realise is the two countries have completely different tax laws relating to trusts, companies and property. Overseas (Australian) ownership of NZ trusts and companies can create a lot of headaches for the NZ non residents. Higher NZ taxes can be imposed and financial accounts can…[Read more]

]]> e3d3519486af73b5ce34e09ef8abbbb8 nedkelly replied to the topic Tiling costs in the forum Value Adding https://www.propertyinvesting.com/topic/4385883-tiling-costs/#post-4550302 Thu, 29 Jun 2006 07:11:53 +0000 Just getting some tiling done in Perth. Cost $34 per square metre for 50 sqmetres. Tiler booked through tile shop. I thought that was expensive!!!

ned kelly

]]> 8b38d4ca460f2b6311f7d3001fd6f2f1 nedkelly replied to the topic Perth - these builders? in the forum Help Needed! https://www.propertyinvesting.com/topic/4385959-perth-these-builders/#post-4550815 Thu, 29 Jun 2006 07:03:57 +0000 Celebration homes are under the same ownership as Dale Alcock homes and The Homebuyers Centre. Basically they use the same tradespeople it’s just the building standard specifications are higher for Alcock and less for Homebuyers in relation to Celebration. So if you are comparing apples with apples you would have to compare Ventura with Dale…[Read more]

]]> 12554769a667d440dc7519ae63fbe98b nedkelly replied to the topic NZ Data in the forum Overseas Deals https://www.propertyinvesting.com/topic/4385897-nz-data/#post-4550424 Wed, 28 Jun 2006 09:30:59 +0000 I’ve lived in NZ and have seen how the small towns are hit hard when there is an economic downturn. Things get very tough and people migrate to the big cities or Australia. Any Australians who have invested in places like Tokoroa in the last 12-18 months must seriously look at reviewing their NZ portfolio. You’ve probably lost 20% already on the…[Read more]

]]> 6c2bb782f56df8a601684042892e6d12 nedkelly replied to the topic Anyone hit the jackpot in WA?? in the forum General Property https://www.propertyinvesting.com/topic/4385740-anyone-hit-the-jackpot-in-wa/#post-4549608 Mon, 12 Jun 2006 05:39:33 +0000 IMHO there is still money to be made in Perth buying blocks of land and building. Did some research on the weekend. Estimated if I bought a certain block, built on it, accounted for all other costs (incl interest) then there is a 60k profit based on todays prices. If values go up 20% in next year add another 70k to that. [biggrin]

ned kelly

]]> 607e68931a58f5bac0fcdd04b7c069cf nedkelly replied to the topic Anyone hit the jackpot in WA?? in the forum General Property https://www.propertyinvesting.com/topic/4385740-anyone-hit-the-jackpot-in-wa/#post-4549604 Tue, 06 Jun 2006 13:03:55 +0000 Purchased 360 square metre cottage block in Butler (36km north of Perth) May 2005 for 100k. House just been completed on cottage block 100k (incl site costs). Other costs stamp duty fees etc, 10k. So total cost 210k. Current value 400k. Thats approx $3650.00 a week increase in value.

ned kelly

]]> b57043b26efa9c46475a04f4de4aaa47 nedkelly replied to the topic Tax from overseas IP's in the forum Overseas Deals https://www.propertyinvesting.com/topic/4384582-tax-from-overseas-ips/#post-4542894 Mon, 06 Mar 2006 10:10:56 +0000 If for example you had an investment property in NZ you would file a NZ non resident tax return and include all income and expenses and then file an Australian tax return and again claim all income and expenses. The main difference between the two returns will be depreciation. NZ has a lot more generous depreciation regime than Australia. As…[Read more]

]]> b2c9bad613f6df481d2b83f4e400a4f4 nedkelly replied to the topic Markets - US rates UP NZ rates down? in the forum Overseas Deals https://www.propertyinvesting.com/topic/4384418-markets-us-rates-up-nz-rates-down/#post-4541693 Wed, 22 Feb 2006 14:56:29 +0000 I posted the following on 9/11/05. Did not receive any replies to the posting.

“What about the exchange rate worries in relation to owning overseas properties?.
NZ for example averages an exchange rate with Australia of $1A equaly 75cents NZ. At the moment it is around 90cents NZ and many commentators are saying the NZ dollar is overvalued.
I see…[Read more]

]]> 62a03f7a15d899adf1859a79c20272c9 nedkelly replied to the topic Perth Pricing just Stupid! in the forum Help Needed! https://www.propertyinvesting.com/topic/4384291-perth-pricing-just-stupid/page/2/#post-4541141 Thu, 16 Feb 2006 08:03:51 +0000 “a suburb 40km north of Perth slightly inland of a rather desolate coast that blows like the clappers in Summer and is a demographically challenged area (streets at night stuff).”

Yep you can tell from the following link it’s the last place you would want to live or buy an investment property. Would you walk these streets at night!!! or want to…[Read more]

]]> 35ece8e572fe18b89d13d2223ef13502 nedkelly replied to the topic Perth Pricing just Stupid! in the forum No Subject https://www.propertyinvesting.com/topic/4384291-perth-pricing-just-stupid/page/2/#post-4541138 Thu, 16 Feb 2006 02:10:53 +0000 “Just take a look at Sydney pricing….its simply better value than Perth.”

JVT I agree with AUSPROP, show us some Sydney properties of comparable value to our examples. Is there any???.

ned kelly

[biggrin]

]]> 16fb846fd9b1f5d97ee6ecc30e763d4b nedkelly replied to the topic Perth Pricing just Stupid! in the forum Help Needed! https://www.propertyinvesting.com/topic/4384291-perth-pricing-just-stupid/#post-4541134 Wed, 15 Feb 2006 13:06:43 +0000 Please tell me where I can buy a 4×2 800m from the beach in Perth for $350k?

Here’s three properties to the north of Perth for a start!!!!.
Like I wrote previously Perth still offers good value and…[Read more]

]]> 4c110f8384269848947cb94a62e8730a nedkelly replied to the topic Perth Pricing just Stupid! in the forum Help Needed! https://www.propertyinvesting.com/topic/4384291-perth-pricing-just-stupid/#post-4541128 Wed, 15 Feb 2006 08:18:34 +0000 IMHO Perth is still good value for money. You can still buy a large near new 4×2 home 800 metres from the beach within the Perth metropolitan area for $350,000.00. Can you do that in Sydney & Melbourne?. With the lifestyle Perth has to offer I think a median price of $400,000 is not out of the question in the next 2-3 years.

ned kelly

]]> ebdc7f375b4ba0226eadf430c6656061 nedkelly replied to the topic Home Loan for person moving to Aussie in the forum Finance https://www.propertyinvesting.com/topic/4384134-home-loan-for-person-moving-to-aussie/#post-4540376 Fri, 03 Feb 2006 05:34:37 +0000 Terry, thanks for your reply, doesn’t he have to have been self employed in Australia for 2 years to get the no doc loan?.

What would be the position re getting a 90-95% loan.

Thanks

ned kelly

]]> 8676f9c6f27f592fb9936f4b1ddb851e nedkelly replied to the topic buying new zealand in the forum Overseas Deals https://www.propertyinvesting.com/topic/4383069-buying-new-zealand/#post-4534626 Wed, 09 Nov 2005 05:04:15 +0000 What about the exchange rate worries in relation to owning overseas properties?.
NZ for example averages an exchange rate with Australia of $1A equaly 75cents NZ. At the moment it is around 90cents NZ and many commentators are saying the NZ dollar is overvalued.
I see Australian investors in NZ losing 10%-15% on the value of there investments…[Read more]

]]> 30f78a6da57c6aefe98913d0a2782272 nedkelly replied to the topic - G Right or wrong? in the forum Opinionated! https://www.propertyinvesting.com/topic/4383086-g-right-or-wrong/#post-4534768 Tue, 08 Nov 2005 13:51:43 +0000 Well that’s news to the NZ Inland Revenue Department!!!!. Refer below extracted from NZ IRD website.

New Zealand
New Zealand does not have capital gains tax.

The link is:
http://www.ird.govt.nz/yoursituation-bus/australian/comparison/#cgt

ned kelly

]]> 6ab96a5b5ca277e7340a71fa13fc5316 nedkelly replied to the topic - G Right or wrong? in the forum Opinionated! https://www.propertyinvesting.com/topic/4383086-g-right-or-wrong/#post-4534766 Mon, 07 Nov 2005 10:40:17 +0000 The commission’s report in November 2003 published details of overseas tax arrangements on home ownership that would indicate that the Australian system is both unique and generous.

New Zealand landlords are allowed to gear their properties negatively but the capital gains tax discount is limited to a clawback on depreciation. New Zealanders do…[Read more]

]]> dfcaa66b91441f860aa77f30fb55a596 nedkelly replied to the topic Invercargil in the forum Overseas Deals https://www.propertyinvesting.com/topic/4382997-invercargil/#post-4534300 Wed, 02 Nov 2005 07:09:23 +0000 I would suggest based on the article below you are very careful investing in Invercargill which is in Southland. You may get positive cashflow but it appears there will be no capital gains in the foreseeable future. Good luck.

Property slump – where it will strike
23 October 2005
By IRENE CHAPPLE

A property slump will hit the South Island over…[Read more]

]]> 5f2df251a79f48beadb1e4fddb720ed9 nedkelly replied to the topic Capricorn in the forum No Subject https://www.propertyinvesting.com/topic/4382738-capricorn/page/3/#post-4532880 Mon, 24 Oct 2005 06:57:06 +0000 Btw, for anyone interested in that release at Ridgewood (brighton) – I heard people camped out from Wednesday night – with the first 5 buyers, taking 2 blocks each!!! Apparently there was quite a bit of arguing going on as the next release isn’t until February so the stock in that area is getting quite limited!

Having my PPR and an IP in…[Read more]

]]> 3870b005a4eab8af9fa503edf83cd0df nedkelly replied to the topic Our Story!!! in the forum General Property https://www.propertyinvesting.com/topic/4382006-our-story/#post-4528357 Thu, 08 Sep 2005 00:59:20 +0000 I have done a bit more research on the topic.
The ATO position is revenue losses can be offset against capital gains, however capital losses cannot be offset against revenue gains.So Mei it sounds like your accountant is giving you good advice and I should sack mine!!!!.

ned kelly

]]> 48986f88a394e833ff56f5f3b4c35f7b nedkelly replied to the topic Our Story!!! in the forum General Property https://www.propertyinvesting.com/topic/4382006-our-story/#post-4528355 Wed, 07 Sep 2005 10:53:32 +0000 In regards to the losses – every year obviously our income from the rental property is less that the expenses – interest on loan etc etc…there are alot of things we can claim – when I fly back to Perth that can even be claimed!!! — resulting in a loss….Anyway every year that loss builds up and it can be used to offset any capital…[Read more]

]]> 86593b44b8a8602f066c4a82b2d295ae nedkelly replied to the topic 4 DAZZLING in the forum General Property https://www.propertyinvesting.com/topic/4381663-4-dazzling/#post-4526125 Wed, 07 Sep 2005 09:07:56 +0000 Quote:
take rockingham… where else in the metro area do you get a beach facing 3 different directions?

What, the beach water at Rockingham is of questionable quality and the area is next to heavy industry with chimneys bellowing smoke out.It may be facing 3 ways but in my eyes the northern beaches are cleaner with less of the visual and air…[Read more]

]]> 0f002cedee0298453ec1c744169d079a nedkelly replied to the topic 4 DAZZLING in the forum General Property https://www.propertyinvesting.com/topic/4381663-4-dazzling/#post-4526120 Tue, 06 Sep 2005 12:22:06 +0000 There’s another thread where Ned_Kelly was talking about his development in Butler/Brighton. I’ve never been keen on the idea of being on ‘the other side of Marmion Avenue’, but the block prices did seem to give
the potential to build a really cheap IP.

You better hurry to get here to. Land in Butler all but sold out until next stage middle of…[Read more]

]]> da63ecf79dfc8bbe73488c7cc7c80211 nedkelly replied to the topic Agents acting in the interests of their vendor in the forum General Property https://www.propertyinvesting.com/topic/4381949-agents-acting-in-the-interests-of-their-vendor/#post-4527956 Wed, 31 Aug 2005 12:55:59 +0000 This topic is really interesting. When we moved to Perth from NZ a few years ago we purchased our new PPOR in Perth. There was another party interested in purchasing the property we were interested in. The agent advised me both parties could table an offer and the best offer would be accepted (I was told these were the WA real estate regulations…[Read more]

]]> 34a52cbd7f5685672309013794c777ec nedkelly replied to the topic Dolf De Roos in the forum Heads Up! https://www.propertyinvesting.com/topic/4381766-dolf-de-roos-2/#post-4526793 Sun, 28 Aug 2005 04:56:20 +0000 I must say Dolf was the author who gave me the inspiration and confidence to enter the real estate investment arena. His book “Real Estate Riches” is in plain easy to understand english…. and best of all he didn’t feel the need to make up fictituous characters to tell the story.

ned kelly

]]> 1dd27214b76ef0f29892de562ec38318 nedkelly replied to the topic Cash Flow Positive Property in the forum General Property https://www.propertyinvesting.com/topic/4381769-cash-flow-positive-property/#post-4526827 Wed, 24 Aug 2005 07:49:08 +0000 My personal opinion is Perth is still very much under valued and has a lot of room for growth. I would expect at least 25% growth in the northern suburbs of Perth in the next 18-24 months, which is the market I know. This is being fuelled by a lot of immigration especially from the UK. These people are selling up in the UK converting their pounds…[Read more]

]]> 51e620b11a0f25d9d7c9cb4d3a20b860 nedkelly replied to the topic Cash Flow Positive Property in the forum General Property https://www.propertyinvesting.com/topic/4381769-cash-flow-positive-property/#post-4526825 Mon, 22 Aug 2005 13:20:29 +0000 In the northern most suburbs of Perth. Butler (aka Brighton) to be exact. It is situated near the beach about 36km north of Perth. The median price at present is about $280,000 (17.5% rise last year) . There is currently no infrastructure in the suburb to speak of. A shopping centre has just commenced being built which includes a Coles…[Read more]

]]> 080d75828cd18e04af029dbbf4f5a000 nedkelly replied to the topic Cash Flow Positive Property in the forum General Property https://www.propertyinvesting.com/topic/4381769-cash-flow-positive-property/#post-4526823 Mon, 22 Aug 2005 11:42:06 +0000 I am active in the market practising what I preach. Building an IP which will give me an instant capital gain of conservatively $60,000.00. Providing me with enough equity and rental return to do the same thing again straight away. It will cost me about $15 a week but should be cashflow positive in a couple of years.
All I am saying is a property…[Read more]

]]> 0838fffc91b2bbe96596ada7ed160417 nedkelly replied to the topic Cash Flow Positive Property in the forum General Property https://www.propertyinvesting.com/topic/4381769-cash-flow-positive-property/#post-4526819 Sun, 21 Aug 2005 13:22:07 +0000 Thanks for the replies. My argument is this stage in the property cycle you look for property that will be positive cashflow in 2-3 years. (and have good capital gain prospects now) Make use of the tax deductions such as depreciation in the period before it is cashflow positive. Then the cycle will evolve so there are cashflow positive properties…[Read more]

]]> 3d6f68946c9d6a771b6693064788e92a nedkelly replied to the topic Perth - where to invest? in the forum Help Needed! https://www.propertyinvesting.com/topic/4373215-perth-where-to-invest/page/12/#post-4469893 Sat, 13 Aug 2005 07:31:44 +0000 From what I can see the only lots left for sale in Seahaven are lot 1929, lot 1888 & lot 1889. As they don’t have the prices on them you would have to contact the sales office for further information.

ned kelly

]]> cb1592f1e49b2b46d59b2684c7d98144 nedkelly replied to the topic Perth - where to invest? in the forum No Subject https://www.propertyinvesting.com/topic/4373215-perth-where-to-invest/page/12/#post-4469892 Sat, 13 Aug 2005 07:30:43 +0000 From what I can see the only lots left for sale in Seahaven are lot 1929, lot 1888 & lot 1889. As they don’t have the prices on them you would have to contact the sales office for further information.

ned kelly

]]> b80100ab69efbe3615be2f68486cf1a6 nedkelly replied to the topic Perth - where to invest? in the forum Help Needed! https://www.propertyinvesting.com/topic/4373215-perth-where-to-invest/page/11/#post-4469890 Sat, 13 Aug 2005 02:18:35 +0000 Mei-Lin,

Website is http://www.satterley.com.au/Brighton/Brighton-Homepage.htm

The block I purchased was titled, in the Seahaven Premium area of the Estate. The whole Estate will not be finished until by about 2012 so there are a lot of stages to go. However land of the west side of Connolly/Exmouth drive (Seahaven Release) is at a premium which is why…[Read more]

]]> f1c2f614d0cb3223e8fd1a9540846e40 nedkelly replied to the topic Perth - where to invest? in the forum Help Needed! https://www.propertyinvesting.com/topic/4373215-perth-where-to-invest/page/11/#post-4469888 Fri, 12 Aug 2005 15:11:07 +0000 The Estate is Brighton Estate, Butler. The builders of my investment property are Homestart who are part of the BGC Group. The house is about 150 square metres of living and includes window treatments, carpets, security system, solar hot water, double remote sectional garage, stainless steel appliances, paving. Basically the only thing I need to…[Read more]

]]> bdee25a5ee7d6cf0b4a855c2ec80f8d1 nedkelly replied to the topic Perth - where to invest? in the forum Help Needed! https://www.propertyinvesting.com/topic/4373215-perth-where-to-invest/page/11/#post-4469886 Fri, 12 Aug 2005 13:48:14 +0000 I just thought I would add my recent experience on how to make money in the Perth property market.

There is a 3 year old suburb called Butler (aka Brighton) situated near the beach about 36km north of Perth. The median price at present is about $285,000 (13% rise last year) . There is currently no infrastructure in the suburb to speak of. A…[Read more]

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