PropertyInvesting.com | paulthemagnet | Activity https://www.propertyinvesting.com/members/paulthemagnet/activity/ Activity feed for paulthemagnet. Sun, 12 Apr 2026 10:14:03 +0000 https://buddypress.org/?v=2.8.1 en-US 30 hourly 2 068e2e62ee0a248982048c972bf82dd7 paulthemagnet replied to the topic Perth - where to invest? in the forum Help Needed! https://www.propertyinvesting.com/topic/4373215-perth-where-to-invest/page/5/#post-4469758 Thu, 13 Jan 2005 00:33:56 +0000 Guys,

After the initial discussion regarding Perth, around June 2004 I bought an IP in Westminster. I never looked back. It has appreciated almost by 15% in 6 months. I was told Westminstaer, Balga are the suburbs to watch for future growth too. I am planning to keep it for long term.

These areas are only 10km from the city and max of 15 minutes…[Read more]

]]> deff1caf883130b368acb54df90f6a05 paulthemagnet replied to the topic Will you buy if -ve gearing is abolished? in the forum The Treasure Chest https://www.propertyinvesting.com/topic/4367108-will-you-buy-if-ve-gearing-is-abolished/#post-4423550 Thu, 21 Aug 2003 06:35:51 +0000 Yes I still will. Migrants need housing and builders keep building for their survival. You know what would happen. Rent will soar. That will offset against the negative gearing loss.

Paul

]]> e0cea586cd14339fdeefcd676b87b418 paulthemagnet replied to the topic who is/is not buying at the moment in the forum The Treasure Chest https://www.propertyinvesting.com/topic/4367045-who-isis-not-buying-at-the-moment/page/2/#post-4423054 Thu, 21 Aug 2003 05:05:17 +0000 I just (Tuesday) bought off a house at westminster in Perth. WA is the place to be at the moment. If anyone looking for a property for LONG TERM investment, north of Perth within 15km is the place to invest.

You never go wrong if you think about in the long term basis. In short term who knows.

Paul

]]> 857ffa285a00f3b37dc976108925f5e7 paulthemagnet replied to the topic Who can recommend a good Accountant in Sydney in the forum No Subject https://www.propertyinvesting.com/topic/4366913-who-can-recommend-a-good-accountant-in-sydney/#post-4422170 Wed, 13 Aug 2003 04:19:38 +0000 Hi Newbie, there aren’t many ‘good’ ones. How much are you prepared to pay for their services though?

Paul

]]> 578a0507ece3154a680c69c6f3815bba paulthemagnet replied to the topic Repair Expenses or Capital Expenditure ? in the forum The Treasure Chest https://www.propertyinvesting.com/topic/4366612-repair-expenses-or-capital-expenditure/#post-4420588 Fri, 01 Aug 2003 04:50:35 +0000 Dave,

In my opinion you try to rip ATO off. I think people like you give a very bad impression about IP investors.

Why not claim from tax your car purchase and repair, service etc. And furthermore how about your holiday expense, clothes and why not your day to day expense.

Basically you have no idea how the tax system works. Doesn’t it?

Sorry…[Read more]

]]> ab290950d0a2fc7e452c633d64bae2fc paulthemagnet replied to the topic Will prices in Brisbane fall? in the forum The Treasure Chest https://www.propertyinvesting.com/topic/4366607-will-prices-in-brisbane-fall/#post-4420564 Fri, 01 Aug 2003 01:10:04 +0000 Marty, don’t tell me you are a magician too? Paul

]]> 80c6e869e1d7e274f6ddfac2a7a851ec paulthemagnet replied to the topic Line of credit: Should I or Shouldn't I? in the forum No Subject https://www.propertyinvesting.com/topic/4366610-line-of-credit-should-i-or-shouldnt-i/#post-4420574 Fri, 01 Aug 2003 01:07:38 +0000 I found LOC is very tempting to spend more. Eg spend another $500 to buy a better/next upper range purchase in white good/electrical good. This was my experience.

What I did was I asked the bank to give me a separate account for the LOC limit. And I only touch the account for investment purposes. This way I don’t throw away my investment fund for…[Read more]

]]> 8b4320047c697f0fd8101b2b4712cb02 paulthemagnet replied to the topic Will prices in Brisbane fall? in the forum The Treasure Chest https://www.propertyinvesting.com/topic/4366607-will-prices-in-brisbane-fall/#post-4420562 Fri, 01 Aug 2003 00:55:22 +0000 Hi Stuart,

Do you know will I win lotto tomorrow?

It is very hard to predict. Isn’t it?. I would say the same for the property market. I thought the prices were very high early last year but I was so wrong. It is all determined by state of the economy, interest rate, willing to invest, greed etc. But one thing for certain is the yield is very…[Read more]

]]> 3d55bf19305f4d9b8add45b97538dfe8 paulthemagnet replied to the topic A problem: Title not in my Name in the forum The Treasure Chest https://www.propertyinvesting.com/topic/4366603-a-problem-title-not-in-my-name/#post-4420546 Thu, 31 Jul 2003 06:01:07 +0000 TerryW,

I have heard this sort of stuff ups numourous times before. Legally you got nothing to worry but unfortunately you will have to go through all the hassles.

Have you been receiving council rates notice?. If not have you thought about it in the last 16 months why you haven’t received any?

Ta, Paul

]]> 8c888f024d24c1fa47ac0049bdf0a1ca paulthemagnet replied to the topic DHA Investments in the forum No Subject https://www.propertyinvesting.com/topic/4366596-dha-investments/#post-4420483 Wed, 30 Jul 2003 07:12:54 +0000 I agree with you 100%. They say long leaseback, CPI increase in rent etc,, but we pay high price to purchase. Their prices are much higher than the market value so it is not really a good deal, isn’t it. They are offloading their properties and leasing back to defense members.

I would suggest you do a proper sum before comminting in these of…[Read more]

]]> 034b8742bd7dc3147bd8ae45c59c4d3c paulthemagnet replied to the topic Property Investors to blame??? in the forum The Treasure Chest https://www.propertyinvesting.com/topic/4366595-property-investors-to-blame/#post-4420464 Wed, 30 Jul 2003 07:08:22 +0000 Yep I read the article too. Blaming it on investors is like someone saying ‘that person is earning more than me so it not right/correct’. Market works in supply and demand. People invest to make money. Along the way we take risks too. We will eventually see a crash. But I think most of us know it is going to happen within next 2-3 years but we…[Read more]

]]> 22495312cc9d618ce945c999f37815fa paulthemagnet replied to the topic Property Option purchase in the forum No Subject https://www.propertyinvesting.com/topic/4366584-property-option-purchase/#post-4420394 Wed, 30 Jul 2003 03:33:30 +0000 Thanks Harold and Terryw,

I saw a house for sale through a local agent. It says option purchase allowed. Not sure what they meant. Didn’t want to ring up the agent to find out either.

In the meantime, does the ownership change? So basically anyone can approach any house owner and offer them an option to purchase. I presume the price will be…[Read more]

]]> 140df6258b29a51b7d75de7affcdb042 paulthemagnet replied to the topic Best Financing Options - Money Saving Ideas etc.. in the forum The Treasure Chest https://www.propertyinvesting.com/topic/4366220-best-financing-options-money-saving-ideas-etc/#post-4418174 Tue, 29 Jul 2003 07:29:31 +0000 All bits and pieces of saving counts. The best one I have to say is to amalgamate all your car, credit card, perosnal loan into a housing loan. This way you pay the minimal interest. Then get a credit card with minimum limit (i think it is $500) and top it up with your monthly budgeted amount. This way you only use your money in CR card. In the…[Read more]

]]> fc75760512842e76abe4af793dac40ac paulthemagnet replied to the topic 'Unlimited Finance' - Does it really exist? in the forum The Treasure Chest https://www.propertyinvesting.com/topic/4366550-unlimited-finance-does-it-really-exist/#post-4420106 Tue, 29 Jul 2003 07:18:39 +0000 Andrewkimmber2, putting much of your hard earned money into PPOR also not a clever idea especially if you want to own keeps of IPs.

Take it easy. You don’t want to see yourself in lot of trouble servicing current commitments.

Ta, Paul

]]> ceab76597a07d8b9054f1c608a6a99a2 paulthemagnet replied to the topic What's a good structure for joint venture? in the forum The Treasure Chest https://www.propertyinvesting.com/topic/4366567-whats-a-good-structure-for-joint-venture/#post-4420191 Tue, 29 Jul 2003 02:34:18 +0000 Lucky Phil,

One way to do is setup a separate new trust for yourself and your business partner. Then setup a new company structuree as a trustee for both trusts. Allocate your profit/expense 50:50 to each trusts you created from the company. Directors must come from each trusts (one each).

This is the way I would contemplating unless someone…[Read more]

]]> ab81446aa293a4228bcac30467ee8347 paulthemagnet replied to the topic Quantity Surveying in the forum The Treasure Chest https://www.propertyinvesting.com/topic/4366530-quantity-surveying/#post-4419968 Mon, 28 Jul 2003 23:26:02 +0000 NewtoPI,

I used Washington Brown Associates at Crows Nest in NSW. Ph 9906 1212.

Ta, Paul

]]> 0655909ed3095588bcaa09907695b286 paulthemagnet replied to the topic Credit Rating in the forum The Treasure Chest https://www.propertyinvesting.com/topic/4366559-credit-rating/#post-4420141 Mon, 28 Jul 2003 07:29:01 +0000 The best protection you could have is to register with one of the credit agency for credit alert to your e-mail. You will be alerted every time someone put a record in your file.

Talk to Batcorp Advantage to register yourself. It costs about $29.90 per year. Best $30 you could ever spend.

Ta, Paul

]]> 972cccf6ae5d0bf8f7d668f42d2ae7f2 paulthemagnet replied to the topic Giving Finacical Adviser the flick in the forum The Treasure Chest https://www.propertyinvesting.com/topic/4366553-giving-finacical-adviser-the-flick/#post-4420118 Mon, 28 Jul 2003 07:04:04 +0000 Gazza17,

I have been using Property Manager Pro for property accouting. This is without doubt the best on the market in my opinion.

Check it out in their website.

http://www.manac.com.au

It is developed by Manaccom Pty Ltd.

Ta, Paul

]]> ca82de97fabe6e245685afb0f2f23688 paulthemagnet replied to the topic low intrest rate in the forum The Treasure Chest https://www.propertyinvesting.com/topic/4366532-low-intrest-rate/#post-4419985 Fri, 25 Jul 2003 06:41:04 +0000 ANZ, moneysaver is the one I have. This is I would say one of the best. 5.97% variable with $10/m fee. It came up in the top with cannex survey.

Ta, Paul

]]> c3b70b00cf43d05a5522fd6d6e1440ba paulthemagnet replied to the topic managing your tenants? in the forum The Treasure Chest https://www.propertyinvesting.com/topic/4366526-managing-your-tenants/#post-4419938 Fri, 25 Jul 2003 06:19:36 +0000 Fullout, you might be saving $40/M but some time it is not worth the trouble at all. Owner manager is good as long as all goes OK. What happens if tennant decided to go his/her way. Then trouble starts for you.

Ta, Paul

]]> 0a5ba332d2f8e90ce7cf9957e80ca4ae paulthemagnet replied to the topic Diff Discretionary Trust and Hybrid D T? in the forum No Subject https://www.propertyinvesting.com/topic/4366534-diff-discretionary-trust-and-hybrid-d-t/#post-4419991 Fri, 25 Jul 2003 06:12:19 +0000 Chandara, visit Chris Batten’s web site. You will get some idea about the structures.

http://www.chrisbatten.com.au

Advantage/disadvantage, i think it is all depends on individual circumstances.

Ta, Paul

]]> 0565a63fee587cea727ff4635b969f62 paulthemagnet replied to the topic Quantity Surveying in the forum The Treasure Chest https://www.propertyinvesting.com/topic/4366530-quantity-surveying/#post-4419962 Fri, 25 Jul 2003 04:38:39 +0000 I paid $280 last year. I am very happy with it. Forget about $1500.

Paul

]]> 56895d45fbb8a0542c50e0337d4255da paulthemagnet replied to the topic I want to rent it from... ME! in the forum The Treasure Chest https://www.propertyinvesting.com/topic/4366372-i-want-to-rent-it-from-me/#post-4419058 Wed, 23 Jul 2003 10:49:57 +0000 logically true, but here where you start to get trouble with ATO by paying lowest rent. They might argue against it. Whatever the case may be under a trust structure, there are a lot of benefits by renting back to you as discussed above.

Ta, Paul

]]> 73d3b4c6a9427adaedbb2506794927fd paulthemagnet replied to the topic Sell/Keep/Re invest? in the forum The Treasure Chest https://www.propertyinvesting.com/topic/4366493-sellkeepre-invest/#post-4419750 Wed, 23 Jul 2003 10:19:17 +0000 Kavita, another option is to purchase more properties using the high equity you have already generated.

Ta, Paul[:)]

]]> c8cecbc9f99fa206b71d45c5207808d7 paulthemagnet replied to the topic is the market going to burst? in the forum No Subject https://www.propertyinvesting.com/topic/4366503-is-the-market-going-to-burst/#post-4419811 Wed, 23 Jul 2003 10:01:14 +0000 Marcell, regardless of what the so called media experts say go ahead and purchase a property if your goal is to keep it for long term. In long term scenario you will be well ahead. On loan matters, hassle your mother for guarantor for your purchase since she is the one hassling you. Banks will love that.

At least you are already ahead because you…[Read more]

]]> 84c20ec4dd3fb314400da7bbb9682e79 paulthemagnet replied to the topic Top Ten Country Towns for Investing in the forum The Treasure Chest https://www.propertyinvesting.com/topic/4365029-top-ten-country-towns-for-investing/page/2/#post-4412468 Tue, 22 Jul 2003 06:34:32 +0000 I really like Mudgee in NSW. We were visiting there recently. I really surprised and liked how the town looks. Very neat, wide roads, most of all the houses are big Victorian style build and the land are huge. Most of them are under $150k. Apart from that I do not have any other statistics.

Anyone been to Mudgee, Gulgong area up in the Hunter…[Read more]

]]> 76d43966a294e6f0bfe6edcac8d40eaf paulthemagnet replied to the topic Capital Gains Tax Question in the forum The Treasure Chest https://www.propertyinvesting.com/topic/4366490-capital-gains-tax-question/#post-4419737 Tue, 22 Jul 2003 06:07:47 +0000 Further to the above example, if the gain is realised after 12 months of holding, the actual taxable income is $50k plus $40k x 50% = $70k. ie by holding the asset longer than 12 months before dispose it, 50% discount apply on the gain for tax purposes.

Hope it helps.

Ta, Paul

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