Cheryl

Don’t let the comments abount 65% being the maximum loan you can obtain in rural locations deter you from investing in regional australia.

Whilst, I agree that might be the lending criteria
of a few lenders in the whole depending on the land size most will go upto 80% and often higher.

Just feel free to bounce your ideas off one of…[Read more]

Brent

Trading shares would be acceptable if you can prove what your original objectives where in your initial investment strategy.

Derivatives would be a different matter unless you are licensed and could convince the ATO (if required).

We had our Super Fund audited less than 6 months and trade both shares and derivatives but as a licensed…[Read more]

(-0_0-)

Couple of things to bear in mind with that strategy.

1) You are unable to purchase a property in your Super Fund from a related party – You.
2) If if it was not you but a 3rd party stamp duty would be payable.
3) Your Super Fund is not able to borrow to fund the purchase so you need to have sufficient monies in the fund to pay cash for…[Read more]

Peter

I guess everyone who has answered your original question comes from different parts of Australia.

As a firm advocate of the Queensland market I feel we still have plenty of capital growth left in many of our regional towns. We are finding all day long client’s who purchased properties less than 3-6 months ago are having them revalued and…[Read more]

Hi Uncle

I still own several properties in the SE of England after emigrating 12 years ago.

I think one of the biggest problems is the level of debt you are confortable with. Remember (if you had forgotten already) that you are borrowing in pounds and not dollars and you don’t get much for your money over there.

The other thing to bear in mind…[Read more]

Guys

I guess I am slightly biased when it comes to location for +geared properties.

One simple answer is to look North to sunny Qld.

Cheers Richard
richard@fhog.com.au
http://www.fhog.com.au

There is no such thing as a problem.
Just a solution waiting to be found

Craig

When setting up your DIY Super Fund why not consider wrapping instead of just buying IP’s.

Combination of growth and cashflow. I have done several deals in Super as part of my overall investment strategy.

Cheers Richard
richard@fhog.com.au
http://www.fhog.com.au

There is no such thing as a problem.
Just a solution waiting to be found

Hi Hot Rod

1 point eveyone appears to have missed is that it is a breach of the Property Act to cross collateralise the loan on a property which is subsequently sold under an Installment Contract.

Cheers Richard
richard@fhog.com.au
http://www.fhog.com.au

There is no such thing as a problem.
Just a solution waiting to be found

I agree with Steve if you are using the 11 second rule as a guide to purchasing your next investment they are certainly out there.

Cheers Richard
richard@fhog.com.au
http://www.fhog.com.au

There is no such thing as a problem.
Just a solution waiting to be found

Hi Yatala

Nice to have you on the forum.

Based in Brisbane we would be happy to assist you with any finance queries. Please feel free to email me deal away from the public forum and I would be happy to run my eye over them.

Cheers Richard
richard@fhog.com.au
http://www.fhog.com.au

There is no such thing as a problem.
Just a solution waiting to be found

Westan

The other point is the 1 Year and 1 day rule.

Might seem petty but I assure you the ATO will not think so. Most people believe they only need hold the proprety for a year and we have seen to many sales end in tears that way.

Cheers Richard
richard@fhog.com.au
http://www.fhog.com.au

There is no such thing as a problem.
Just a solution waiting…[Read more]

dennis

If you would consider Qld we have a 809 sq M block with DA for 5 x 3 bedroom townhouses in St Lucia right next to the Uni which we are selling for $150K / site.

Cheers Richard
richard@fhog.com.au
http://www.fhog.com.au

There is no such thing as a problem.
Just a solution waiting to be found

Mark

Concept sounds good but just make sure depending on which State you are in you have the correct license to do so.

You would hate to fall fowl of the Office of Fair Trading just for a few dollars.

Cheers Richard
richard@fhog.com.au
http://www.fhog.com.au

There is no such thing as a problem.
Just a solution waiting to be found

Hi Investor

Just a word of warning on the CGT.
It is calculated from Contract to Contract date rather than settlement date and is not 12 months but 12 months and 1 days to be on the safe side.

Cheers Richard
richard@fhog.com.au
http://www.fhog.com.au

There is no such thing as a problem.
Just a solution waiting to be found

Kristine

If you would like to email me some quick figures happy to give you a second opinion.

Cheers Richard
richard@fhog.com.au
http://www.fhog.com.au

There is no such thing as a problem.
Just a solution waiting to be found

Hi molkenr

As a fellow Pom (although I have been here for 12 years) would be happy to help.

Probuild Industries of which I am a Director specialise in small to medium residential / commercial development projects.

If you want to email me a list of the areas of supply that you are after I can try and give you some names of suppliers. I am…[Read more]

middler

Whilst i am sure that Bill’s comments are well meanting just bear in mind 2 things:

1) In Qld it is illegal for an Agent to take more then REIQ commission by way of a bonus or incentive payment.
2) We don’t actually have an exchange of contracts in Qld.

Don’t be put off by the poor performance of your property. Bill makes a good point…[Read more]

Ian

One simple answers is to switch States.
Most of the properties we deal with are below <$100K

Cheers Richard
richard@fhog.com.au
http://www.fhog.com.au

There is no such thing as a problem.
Just a solution waiting to be found

Jason

There is nothing to stop your parents renting their home and treating the property as an IP. Just bear in mind when they only have a loan of $30K the amount of interest deductions will be limited.

Certainly they make obtain some building write off or depreciation depending on age but I guess they have to way all that up against the…[Read more]

Guys

LMI is refundable depending on the Company for upto 4 years. The lender get the refund on a sliding scale basis 60% back in Yr 1 45% Yr 2 etc down to 15% in Yr 4 and its upto you to request your refund. If you don’t it just goes in their coffers.

Cheers Richard
richard@fhog.com.au
http://www.fhog.com.au

There is no such thing as a problem.
Just a…[Read more]