It depends largely on risk & exposure. If there has been a history of pests ie previous termite activities & the food source has not been removed eg discarded formwork or timber or water leaks then you would get regular inspections & remove food sources etc. After a few uneventful inspections you’d cut down the frequency.

Until the fund goes into pension phase ie when you reach retirement age/commence a trp – but I’m no expert on super. You may be up for cgt & sd on transfer to your fund (maybe a one-off transfer to smsf).

Magic, congrats on your purchase but as this is not the usual scenario of a clean purchase why would you have steered away from having a conveyancer (all on $1k or less) do the work for you?

You're not going to get much in Sydney for $140k and with a guaranteed tenant for 3 years you'll be able to knock that mortgage into shape pretty quickly depending upon your borrowings. As the rent should be covering your interest costs, it shouldn't put too much of a strain on finances or slow your borrowing capacity down very much at all.

What do you mean by 'unbiased' regards to damage – the property managers would have a facilities management contract in place for one contractor to undertake all repairs & maintenance, likewise the on-site property manager would be running the place like a hotel with constant updating of booking sheets/occupancy/issuing of cards etc this is…[Read more]

shawnnny wrote:
…Who actually clarifies that occupancy period of an IP, and how is it done? An owner could be renting out for a full 12 months/365 days, but claims to be rented for half the duration. If it is managed by real estates, they would have the actual details like total payments received, rental duration, the person renting, etc. Do…[Read more]

earnings before interest, tax, depreciation, amortization.

The same way that company results are reported & compared

if you want to check your returns, you should benchmark by measuring net returns (excluding tax, interest etc ie ebitda) against other investments that you held over that same time eg: superannuation account, bank deposits, shares etc.

If you don’t use ebitda, you don’t have a consistent standard to measure your returns.

You may need to consider if it worth your while to sell in wa ie cost of sale + cgt vs what you will get elsewhere. If you buy in victoria, you maurice be subject to land tax as well.
The property in WA is +ve cf so isn’t putting a strain on your finances.
Are you renting out your ppor? This will increase your cashflow substantially & you can…[Read more]

Congratulations Beside. Glad to hear that it has been resolved with all parties happy with the outcome. Just remember to put aside some of the windfall for your cgt bill when it falls due. This should be calculated on your payout less any ‘compensation’ paid.

plenty of vacant land out there even sub $35k.

Just thought that they might come in handy up there.

Depends on the location, position may be more important to yield & desirability.

I'd throw a plug in for money choice who are also melbourne based. http://www.moneychoice.com

Articles from the Australian: No long-term price slide from Brisbane floodsFlat markets predictedCommercial Tenants take a hit

Jamie, you're not thinking of using them up in Brisbane/Ipswich are you? 

You would have to read your water bill or contact your water provider eg Brisbane City Council or Sydney Water etc.

How much is the life of one of your tenant’s kids worth?

Read the tenancy agreement – pretty clear that the tenant can only be charged for usage or excess usage.

NSW act will change on 31 january to require meters & water efficiencies before you can charge for use.

This generally applies to people seeking to acquire a property within their own SMSF not in an industry or retail fund. Generally, money in super must stay within super until you reach an appropriate age.