So, many believe that investing in funds that track the index along with a good portion invested in bonds is the most efficient way to financial freedom.

I doubt that. You can check it. Get the past 20 years performance of an index (say ASX 200 or 500 or whatever index you wish) and a government bond and draw an excel sheet. Then ask yourself if…[Read more]

Hi rinji

Why don’t you ask your solicitor the same questions and more so you can educate yourself? That is their job. You are paying them big money so try to get the most out of it.

Cheers
Andrew

Hi simpanteli

Is it a must to travel and see the area?
Has anyone ever developed in another state whilst not being able to liase with everyone in person or inspect?

If you are using a buyer agent you might get away with not inspecting the property/area and the rely on the photos/videos the BA might supply to you. I wouldn’t fully rely on the BA…[Read more]

Nice post Terry.

@Benny: Net Yields can be sometimes misleading if you include interest expenses since you don’t know the loan amount. Loan amount could be 100%, 80% or 50%, which will lead to a completely different net yield.

I’m a assuming Terry is not including interest expenses in his yield (you can correct me here Terry, if I am wrong). His…[Read more]

Hey Killara

Thanks for letting me know. I just tested it and it seems to be working.

Are you still experiencing the problem?

Cheers

Andrew

Hi there

“Tax effective”: I am assuming you mean increase you tax deductions to lower your tax that you are paying from other income sources.

Best way to increase your tax deductions is by claiming depreciation since there is no out of pocket expense. Next best way is to increase your interest payments.

If you can borrow 100% and it suits your…[Read more]

There is nothing wrong with new properties.

These benefits include more tax deductions, depreciation, reduced stamp duty, less fees, less maintenance, increases chances of finding tenants

Those benefits are all true.

The problem with these companies is that they charge very high commissions on top of the real value of the property.

This…[Read more]

Apparently neither did I. Last things I read was him disagreeing with Steve on unemployment rates…

Cheers

Andrew

I thought he was quite entertaining and just offered another point of view.

It would be quite boring if we just agree all the time no?

Cheers

Andrew

Catinthehat. Forum member… apparently not anymore.

Cheers

Andrew

For good?

Hi Jasmine

I don’t think there is anything wrong with representing your company on a forum but it would be good if you state that from the beginning.

There is also nothing wrong with buying new properties as long as you don’t pay inflated prices raised by excessive commissions and too many middle man.

Do you state where you earn your commission…[Read more]

Hi there

If you have plenty of money to throw around, are limited on time and don’t want to be much involved in the property investing process then I would recommend using a buyer agent.

If that is not the case then I would do a bit of research of potential areas (preferable within 10km of Brisbane CBD). Contact some of the local agents and get…[Read more]

Hi Jasmine

Do you represent Reventon?

Cheers
Andrew

Hi there

Financially it’s usually better to buy to rent. But there are other factors like your family situation that can influence your decision.

There are 4 different options that you should consider:

1. Buy investment property and live in a rental for now and buy PPOR in the future.
2. Buy PPOR now and buy investment property in the…[Read more]

Hi fabs

If you are on a limited time budget and aren’t able to renovate then most likely you won’t have much success with flipping property.

As Corey said the govt charges and taxes are too high and will eat away any returns.

Buying neutral/positive geared properties with potential for capital growth would be a good strategy to start…[Read more]

Did you have a look at this?
http://www.abs.gov.au/AUSSTATS/abs@.nsf/DetailsPage/6416.0Jun%202014?OpenDocument

Cheers

Andrew

I would definitely start in Brisbane. As mentioned previously there is still some growth left in Brisbane.

However since you are not from Brisbane, you might have to factor in the cost of a Buyer Agent if you don’t feel comfortable or have the time to find an interstate property yourself, inspect it, do the research etc.

Cheers

Andrew