You can of course buy a vacant block to put the house on. YOu would need to check with council regulations to ensure that the external structure of the house fits with the area that you want to relocate to. Costs are usually $40K plus to move the house depending on the distance to travel, number of sections, whether you need to replace the roof…[Read more]
Check to make sure that the population is growing, talk to the local real estate agents to get info regarding current vacancy rates as well as demand for houses in the area that you are looking at with the facilities they have. IE, What demand is there for a 3 bedroom one bathroom house with a carport in street XYZ? They will be able to give you…[Read more]
I would double check this with the ATO, As I have mentioned in previous posts, I have a friend who has had international students boarding in her home for over two years and when she spoke with centrelink (she gets family tax benefits) they told her that the boarding payments were not classified as income.I had a boarder living with me for…[Read more]
one of the reasons to invest in different states is to avoid paying land tax in each state. At the moment there are a number of areas of Sydney that have good potntial for capital growth and some of these areas may also have newer purchasers who may be in financial stress with recent interest rate rises.
I know different people have different investing strategies, i have just signed contracts on a 2x2bed units with carport for $180K returning a total of $260/week. Could easily be $280/week, vendor has kept rent lower because they are good tenants.
This is a bit of a 'grey' area. My friend has students rent rooms in her house and for taxation purposes and as far as centrelink goes the rent they pay is not seen as income. i am not sure who you would need tp speak to to clarify this issue.cheersSonya
I have one in O'keefe place and the other is in High Street. I have a great property manager and have had no hassles at all. Both were tenanted as soon as I settled, previously owner occupied. O'keefe has ahd same tenant since December 2008 and High street I only bought in February this year.cheersSonya
Lesia,Interesting post, I have two houses in Gunnedah one in a housing commission area, that has been rented since I bought it in December 2008. Which street is your house in?Sonya
The biggest tip is research,research, research. Read as much as you can about the type of property you are interested in, the areas you are interested in as well as the property strategy that interests you. Do you want to buy, renovate and sell? or do you want to buy and hold, or develop land? Do you want to have negative or positively geared…[Read more]