Good luck to those…[Read more]

You may want to enlist the help of some of the finance gurus on this site, but to me after one read through your post the thing that stands out like the dogs proverbials is your loan setup.

I find it strange that you have P&I on your IP and IO on your PPOR, I would have thought it would better the other way round.

Purely my opinion and…[Read more]

I have been living in Rockhampton for about a year now after moving down from Mackay. To be totally honest at this point in time I think you are much better investing in a house in rocky. From what research I have done there doesn’t seem to be the same quantity of units in rocky as there are in other similar sized cities, in…[Read more]

Can any modern politicians even spell the word…[Read more]

So second inspection has confirmed that 90% of the house is asbestos, walls and ceilings, just waiting on the quote to remove and dispose of it all. I’m not expecting it to be under $15k.

Builder says to just sheet over it but I am concerned what effect it may have on resale in the future as we are obligated to disclose in the contract that…[Read more]

I think after the move to the Pilbara with the multitude of opportunity surrounding you I would be asking myself how attached am I to my current career? You don’t have to be in mining forever, but 10-20 years work, smart with money, educate yourself on not only what to invest in but how to create momentum in your investing so you don’t…[Read more]

how did it go? Was it a learning experience

unfortunately all internal walls and ceilings are fibro so we will be doing something about the whole house whichever way we go. One quote we got was just fro three walls in the kitchen, to open the kitchen/dining/lounge into open plan, was $2300+GST. I’d do the job myself but I have a young family and I’m not really willing to put…[Read more]

Here’s a link to some info regarding development of the Galilee basin and what infrastructure plans are on the horizon, hope some may find it useful in their decision making.

http://www.qrnational.com.au/MediaCentre/MediaReleases/Documents/QRN%20Galilee.pdf

Looks like good signs for Mackay, Emerald, Alpha, Bowen…[Read more]

I thought, hoped and assumed as much. The plan is for the PPOR to be an IP in 5 years, by which time I would estimate it would be positive and worth the tax advantage of being owned by the trust.

If I transfer my PPOR from my name into that of my family trust do I have to pay CGT?

I want to replace the…[Read more]

If you’re not currently in a position to invest, do whatever it is you need to do to get yourself into that position, get a second job, sell your body, ok only kidding on the last one. Maybe talk to a broker to get a rough idea of how much you might need and set yourself a goal, you’ll be surprised how much more…[Read more]

not sure if you would prefer a local broker if you live in Sydney, but Richard Taylor is a valuable contributor to this site and is a broker in Brisbane. His handle on this site is Qlds007, you will find him in any of the finance forums.

Hope this helps.

not sure how much of your own research you have done thus far, but Tony Melvin and Ed Chan have a book called How To Invest in Property Using Your Super Money. Its a great start to give you an idea of what you are looking at.

I’m not sure what services Capital 360 provide or what they charge, once you know this I would have a chat…[Read more]

I’m not a WA resident but I would suggest that as we have in QLD, the mining areas of Karatha, Port Headland and Kalgoorlie might be a place to start. Read the topic on here about Moura, Blackwater and Moranbah, although they are completely different states and cities I personally believe there are some parallels about them

As far as…[Read more]

Let us know what you decide to do!

Worth a read!!

I am still managing my own properties, all with tenants I…[Read more]

the fees you have mentioned are the precise reason I decided to get into Property Management. I was in the same position as you, managed my own property at first but when I purchased multiple properties decided on a Property Manager. I could not believe the fees they were trying to charge for all the little things. The thing that…[Read more]

as the guys above have said it all comes down to how much you and your husband are prepared to do for yourself. If you attended the course you would be fast tracking possibly 6 months worth of work on your behalf learning about research, finance and strategy. So I guess if you are willing to work hard for 6 months on those things you…[Read more]

Moranbah in my opinion is the better of the two, it services the following mines: Goonyella/Riverside, Moranbah North, Peak Downs, Millenium/Poitrel, Carborough Downs, Burton Downs, Isaac Plains, Macarthur Coal, Moorvale. Plus there are new applications for mines…[Read more]

I am a PM servicing Mackay and the mining areas, as far as pets go I would…[Read more]

The Website – I am currently waiting for an upgraded site to be developed for me by another company. My current site is a simple template I have modified which is supplied by the company hosting my site. Unfortunately I know sfa at this point in time about changing the HTML code so that search engines pick up my site. What I…[Read more]

Mike, thanks for the link I will check them out, going by your post they seem to be very similar to what I am trying to achieve.

I really want to manouvre away from the big stick approach to property management using the…[Read more]