Scott No Mates, you are absolutely correct- NG applies to other classes of investments as well. I guess this forum is about property though- so we are talking about property.

Yes, Terryw, Keating abolished it and there was a shortage of housing and now its even a bigger shortage!

Well thanks Mike. I have learned so much from all the information here on this web site- but also from my own work and mistakes I guess.
This is a most valuable web site.

Yes, Alastair is right- and Jodie can help you this all of this. Don’t stress and take one step at a time. Yes, you could on- sell one of the units. People do this- put on contract and sell before it settles. If it is worth more now- then there will be a capital gain to pay- but if you are making money then paying tax is a good thing. That is -…[Read more]

Hhhhmm, I built a house and there were some minor things not installed that made it not functional. The builder argued that these things were not necessary for the house to function. I short paid him the price of not getting those things installed. He would not hand over the keys to which I responded I would end the contract- he handed over the…[Read more]

Hi try my finance person Jodie on 0413229929 and our accountant on Mark Ault on 0409000019. I am not sure it is a solicitors role to advise you on getting the finance- but this IS a trick for young players. Jodie is REALLY good at helping people get finance in your situation. I would get another solicitor if that is his attitude though. Dont see…[Read more]

Yes, $15K – $20K sounds cheap! Please share.

I am with Michael, Keating tried to abolish negative gearing but there was an outcry. Further the government is encouraging property investors with NRAS- there is a shortage of housing no matter which way you look at it- investors or not. The government needs investors to build the shortfall in housing. The banks might have a bigger push – they…[Read more]

Well, I have read Rich Dad Poor Dad- I liked them. Yes, probably a lot in the way of inspiration and not a lot in the way of perspiration- that is not so much in nuts and bolts. But it has changed my way of thinking and that is what counts to me. It has moved me into action and thinking about money and wealth creation differently. I am happy with…[Read more]

Btw, I have a couple of SIMPLE accountants I am in contact with if it helps anyone? That is simple to deal with. And our next meeting is focussed on accounting given the tax year is soon ending……………

Well I have not used C & N but I did try. They seemed a bit too difficult to deal with. I love their books though!

The rule of thumb is that you should calculate if the property is a goer or not and not depend on the tax returns- this should just be icing on the cake. Since you have not actually purchased it yet- there would be many variables to consider. I would do a “rule of thumb” – include what you can in terms of the calcs but if it does not stack up for…[Read more]

Well, I was a real estate agent for 3 years. I loved it but its hard work. And everyone seems to want to beat up in real estate agents. I think valuers have to have a higher standard of training. There is one organisation I know who has been commissioned to undertake a study into property investing but I am not sure that I can share it here.…[Read more]

Yes, this is good advice. Scot and Jamie are right. Sit and wait. You can go back in a few weeks but if you are looking at other properties, I am sure you will find something you like in this time. Its not the last property on earth to be sold- there is always one around the corner.
If you think about a contract- and a sale of a home is merely a…[Read more]

Hi Nonnie, I would not suggest this tactic- there is no point to prove to the vendor. Yes, there are other houses in the street. This is why people think that agents are bad- because buyers play these games. It will not get you any where. Just make the offer you can -and be prepared to walk away. Dont get into game playing- just get on with the…[Read more]

Hi Nonnie,
you can put as many offers as you like- so long as you have clauses in them so that you only have to accept one. You should alway put a clause in the contracts. Sometimes agents wont accept them. I am a former agent- we liked the offers to be unconditional and that is the way we played the game. From your perspective- just put in the…[Read more]

Of course! Ask away Ryan!

My My RaelMelb, you have stirred up quite a lot of responses. I was not so much thinking about where you want to live but thinking about the aging population. Where are you best to put your assets that they will have the most demand over the time – and that is a looong time lol til you are 50. We have an aging population, not all young swingers…[Read more]

Hi Anna, you could always come to our women in property meeting and talk to other women interested in property first hand.

Hi RaeMelb,I think you need to sit down with a different accountant and map out what you want to achieve- or a broker. You have a lot of options but you need to work out what is right for you. For my own, I would spread my risk and buy many properties that provide you with a return. Inner city is great but look at what the aging population is…[Read more]