Hi,Thanks a lot for your informative response. I will enquire at a few agencies to compare rates, it seems the best bet.I don't think I'd ever attempt to find my own tenant, I'd always outsourse to an agent. Its just the management of the property that I would be happy to do. This is because the property is fairly new, and nothing, as yet, has…[Read more]
5% seems low in comparison. The property I'm talking about is in Adelaide, not far from the CBD. Personally, I think the agents are making a killing. The property is only 10 years old and would require little maintenance. I'm going to try and negotiate down as much as possible.Thanks for the help all
Hi PP,It is a property 5 kms out of the city (Adelaide). So I will negotiate on that basis. Anything else? I guess easy maintenance since the property isn't very old and is in good condition also. I have looked at rates with other property managers, but it all depends on the rent they can actually get. I would guess sometimes the agencies that…[Read more]
Great thread! I need to refresh my economic knowledge. But if the world was to go into recession, what effect would that have on interest rates? I think it will reduce the rates to entice investment, is this correct? I guess this is what has happened in the US.I agree that the Australian economy is growing very strongly, but you can't ignore w…[Read more]
shanshan replied to the topic domain.com.au / realestate.com.au – only a rough guideline, not kept up to date? in the forum In my experience, Real 15 years, 6 months ago
In my experience, Real estate agents don't earn their fees and are slack .If you call them, they'll get your details, put them on record. This will tell them the demand for housing ie. How many people looking to buy. If you check out the site, they won't actually have this record. Or they are just slack.
Great for Adelaide. Had a bit of a look at the market in general, but looking at a property in Brompton at the moment, not far from Prospect Moose. The property I'm looking at is a standard 3 br house about 350sqm 7 yrs old. The suburb does contain lots of old houses, and there are many new houses in the area being built – will this increase the…[Read more]
You'll pay less tax if the gain is declared a capital gain rather than revenue because if held for more than a year you will receive a 50% discount on the profit(unless your a company). It doesn't matter if it is your only source of income, but if you're in the business of buying and selling properties. Is it a one off? or have you done this a few…[Read more]
shanshan replied to the topic Good property, nice area, on busy road. Buy or not to buy? in the forum General Property 15 years, 8 months ago
Is it possible to put up a sound proofing wall outside the property?
shanshan replied to the topic Buying property in company name or individual joint names? in the forum General Property 15 years, 9 months ago
I'd suggest to do it in your individual names, setup a common law partnership. Businesses generally go for the company structure to get the 30% flat tax rate. If you hold a property for longer than a year in your own names (rather than a company), you will have access to the 50% discount on the capital gain (not available for companies). This may…[Read more]
Thanks a lot for your advice. I was a bit over confident in my rent estimate. I think it is more like $275 a week for a property priced in the low 300's.Anyone in Adelaide who can shed some light on the current market?Thanks again
I think its a decent idea. Although doesn’t the gold coast already have an oversupply of apartments.
Sounds similar or like an alternativer to a care facility – I guess without the care but everything else provided. Older people don’t want to worry about the complexity of costs, and thus will be a good alternative to a care facility. I guess when…[Read more]
Thanks for the great replies!!!
I thought 6% was decent. It is from SA, and most properties (houses) close to Adelaide offer 5% or less, but I guess you get the capital growth with that. I will ask other agents, good idea!!! Im sure there must have been capital growth, I think the agent must be wrong about that. Is there anyway I can…[Read more]