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propertypower
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@propertypower
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Post Count: 312
June 9, 2007 - 6:21 am
* 1 PPoR
* 3 IPs
* 1 Block of land
* Buying 3 more IPs
and always looking for more….
propertypower
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@propertypower
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Post Count: 312
April 11, 2007 - 10:44 am
Hi Bez,
I reckon you should have insurance for the following – building, chattels, loss of rent, tenant default rent, malicious damage, public liability and motor/fusion burnout.
propertypower
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@propertypower
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April 11, 2007 - 9:49 am
G'day brookelea
Are you buying an off the plan property? Has the property gone up in value since you signed the contract? It could be that the vendor is trying to make it difficult for you so that you pull out and they can sell it at higher price to someone else?
propertypower
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@propertypower
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April 10, 2007 - 11:43 am
pcm = per calendar month
propertypower
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@propertypower
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April 10, 2007 - 2:29 am
You need to be a subscriber but this site seems to have some interesting reports.
Thanks Marc
propertypower
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April 9, 2007 - 3:20 pm
Thats going to have massive impacts on the unemployment rates because the people who were suppose to retire will still hold onto their jobs for another 10 years. But it does show government's concern about not being able to look after the retired people.

propertypower
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@propertypower
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Post Count: 312
April 9, 2007 - 3:06 pm
Welcome to the forum, Gaza
You can try companies like Positive Real Estate (http://www.positiverealestate.com.au) or Cashflow Capital (http://www.cashflowcapital.com.au). They locate positive cashflow properties throughout Australia. If you search the web, you will probably find few more companies providing similar services.
I have used http://www.positiverealestate.com.au for some of my transactions and am extremely happy with the deals.
Hope this helps.
propertypower
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@propertypower
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April 8, 2007 - 1:00 am
Hi chuckles,
It does not matter whether you base yourself in Sydney or Melbourne. There are plenty of opportunities. if I were in your situation I will invest in different states in Australia. Each state within Australis is like a mini-market in itself and may go through its property cycle. This ensures you are not putting all your eggs in one basket. Also, you need to balance your portfolio with few buy & hold properties and few trading properties (renovation, subdivision, etc).
propertypower
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@propertypower
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April 5, 2007 - 11:28 am
My understanding –
Dual occupancy means two dwellings on the same title.
Subdivided means two dwellings on separate titles.
propertypower
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@propertypower
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April 5, 2007 - 11:26 am
On the block of 4 units (separate titles) purchased at $320k, you will pay stamp duty for each unit separately at a purchase price of $80k (assuming each unit is of the same value).
You could use some online tools for calculating the exact amount of stamp duty for both scenarios – units on one title or strata titled. I use the National bank online calculators:
http://www.nab.com.au/Personal_Finance/0,,81262,00.html
propertypower
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Post Count: 312
April 5, 2007 - 10:59 am
Are all the 4 units on one title or separate title?
propertypower
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April 5, 2007 - 10:35 am
Hi trac,
If the units are on one title then you pay one lot of stamp duty. If the units are strata titled then you pay pay stamp duty separately for each unit.
propertypower
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April 5, 2007 - 8:59 am
Hi holo,
One thing you could do is to increase your debt against the investment properties and reduce your debt against your PPOR. You can till maintain the same overall LVR (~66% of your portfolio). The reason is the interest on your investment propert is an expense.
propertypower
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April 4, 2007 - 2:35 am
Good news for the time being. But its just delaying the inevitable.
propertypower
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@propertypower
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March 29, 2007 - 11:11 pm
Hi millions,
I reckon you seal and paint it so that it does not pose any risk. if you are going to sell the property in couple of years time then I don't see much point in spending $8k on changing it. Its not the kind of renovation that will give you dollar for a dollar return.
propertypower
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@propertypower
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March 28, 2007 - 12:30 pm
I lost over 160 posts on the forum. I am back to "New Member" status.
propertypower
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@propertypower
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Post Count: 312
March 28, 2007 - 8:38 am
I agree with LA Aussie. If you want early access, its best to put it in the offer conditions. If the vendor agrees to the offer, he/she agrees to the request for early access as well.
I do not commit to large spending before settlement (definitely not before the purchase is unconditional) but put the condition of early access to get the trades in for measure & quotes, etc. That way you have all your trades lined up straight after settlement.
propertypower
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@propertypower
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March 23, 2007 - 11:51 am
Hi kobe888,
I think you need to do a goal setting workshop. What do you want to do with $250k? What kind of returns do you want and then determine the best vehicle (property, shares, options, etc.) for achieving it. With that kind of capital you should look at diversifying a bit and include investments in shares/funds as well.
With regards to investments in properties, what do you want to achieve – capital growth or cashflow? The type of assets you buy will depend on your investment goals.
Hope this helps.
cheers,
Sanjiv Gupta
â€œThere is no passion to be found playing small – in settling for a life that is less than the one you are capable of living.â€ – Nelson Mandela
propertypower
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@propertypower
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March 23, 2007 - 8:35 am
Jim,
Sorry, I should have specified the LVR is based on the internal size of the unit.
Richard
I thought the units had to be over 40 sq mts to have LVR of 90%. But thanks for clarifying.
cheers,
Sanjiv Gupta
â€œThere is no passion to be found playing small – in settling for a life that is less than the one you are capable of living.â€ – Nelson Mandela
propertypower
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@propertypower
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Post Count: 312
March 23, 2007 - 8:22 am
Hi Kim,
I think you should look at what works in your area and then decide. Some areas have strong auction history and it may be best to stick with it. Speak to few agents as well to get an idea of the fees and services offered.
cheers,
Sanjiv Gupta
â€œThere is no passion to be found playing small – in settling for a life that is less than the one you are capable of living.â€ – Nelson Mandela