Ho Tracey,I am sorry that you have had such a trying experience, you would not have picked it from your helpful posts. I am glad to hear that it does seem to have worked out for you i the end. As I heard recently "Property investing – if it was easy, everyone would be doing it!).I wish you a happy and stressless christmas and thank you for sharing…[Read more]

I used to own two townhouses in a strata situation (100 + townhouses). I think my insurance was through alliance (via NAB). Sorry I cant recall all the particulars, although I do recall when taking it out having a discussion about strata situations and believe my policies convered from the paint in (as that is all you own) with the building being…[Read more]

It is a residential dwelling, yes leased to a mining associated company. Long term leasees who will be there for a while yet. Also purchased a vacent block zoned multi dwelling which I will develop and hope to put back on the market with a 6% or better yield (depends on final build price). This should be attractive enough for investors as it also…[Read more]

Hi John,This is a bit of a moral question that only you have to live with so only you can answer. I see your point about wanting it to stay, I would love to have it!!! If the buyer were to purchase without this condition and then remove it themselves, the outcome is the same (ie tree gone) but you were saved the decision. If it were me, I would…[Read more]

vyaw2003 – it is a 3 bedroom house.Tammy

Also try the microsoft templates page. From memory there is a template there to download for excel. Cheer Tammy

I am in a similar situation with plans yet to come out of council for duplexes. I have contracts drawn up and have been advised by the conveyencer that the can go on the market "DA pending". Just after I was advised this, 3 adds appeared on realestate.com in the same town for other units/duplexes listed "DA Pending and subdivision pending". At…[Read more]

I have recently settled on one in Qld. Price $257K leased to a corporate client at $450 per week. They certainly are around.CheersTammy

Hear Hear Kiera!!!!

If only I could get a builder to build in 16 weeks!!!!!!Standard here is 30-32 week contracts plus 4 weeks lead in time and also add at least 4 weeks for Christmas. And that is their "quick" contract time. Add in planning and council approval time and I always work on a project time of 14 – 18 months.  Tammy

I agree with the previous 2 comments. I was under the understanding that the only way such expenses could be claimed as a tax deduction was if you were registered as a buisiness and were in the buisiness of realestate trading. (and I believe this is offest by the fact you no longer get the 50% CGT exemption).Why not call the ATO and ask for…[Read more]

Hi Lissteve,Now I dont mean to sound trite or anything and I certainly do not know of your personal situation but have you considered hiring a storage shed for a while. Recently friends found themselves "outgrowing" their home and packed up alot of "stuff and put it into storage. Yes it is a bit inconvenitent but some "stuff" you dont need all…[Read more]

Hi Tim,Take the time to learn. This isnt a race. I would suggest reading a few issues of API for a start and becoming familiar with the different types of investing strategies. Check out you local library and see what is on their shelves. When it comes to the books, you are right, there are many, with many opinions as to what is the best. Check…[Read more]

anyone?

Chris,Do you mean Wallsend on the west side of Newcaslte?Tammy

Quite true Kerryn

Thanks raddles,This still doestnat answaer the question of how is the and/or enacted easily and without cost as I was advised? Apparently it was because of the initialled change of name on the contract that raised the eyes of the stamp duties office. Why, especially given it was a computer generated form in the realty office, couldnt a new…[Read more]

Fisrtly, I am not an accountant……Now my understanding of trusts (yes I have one) is that yes, the losses are offset against the priofit. Just like if in your personal name. The key difference is that only a profit can be distributed, not a loss. What that means in the real world is that on an ongoing basis if a property held in your wifes name…[Read more]

Hi Guys,A couple of thought I had while reading you post.1. FHOG – Your eligibility for this may depend on if you fiance has occuipied her property (ie PPOR vs IP), assuming you are living together and intend to purchas in both names. If you are not living togehter and purchasing in your name only then you should be OK – but seek further advice.…[Read more]

not sure why this disappeared off the active topics page but I need to bring it back to see if anyone out there has any advice.CheersT