maybe quicker but perhaps not in your best interest price wise …..  have a read of http://www.jenman.com.au/BS_S_Auctions.php

I dont beleive you can -ve gear your PPOR or part thereof……but I am not a tax expert …..its just my common sense alarm going off.   He may actually be better of just quietly doing this with his mates and getting some mortgage help without getting to clever/greedy…..you attract the ATO's interest at you own peril

just a couple of opinions as nobody has responded in 3 weeks:Dandenong being compared with Docklands ….this is somebodies little joke isnt it?Investment must be welcome as the place has run down over the years , so you would think the only way is up.   How far , how quickly ?   who knows?   I'd suggest that it has slide backwards for so long…[Read more]

no reason why you cant make this work if you buy wisely,  prices hold and you can control your buying and selling expenses.  To be sure of your selling position in 6-12 months you need to buy in a desirable area and/or have something with a distinct selling point.we recently did something similar……..stumbled on a truely grotty unit in a good b…[Read more]

carlin wrote:
Forumites may be interested in watching 4 Corners on the ABC this Monday night at 8.30pm. The program is about increasing mortgagee sales.Concur with Blogs and others here – too many single income/two+ kid families buying McMansions as their first home and shopping too freely at Harvey Norman = difficult times ahead.

Thanks for th…[Read more]

tony,  with all that rattling around in your head maybe you should just keep your cash in a nice 7-8% account until you get your thoughts together (I guess thats what you are doing by posting here).  You can always think of lots of scenarios that justify doing nothing,  these days you at least can get a nice return doing this.   You havent said…[Read more]

blogs wrote:

yarpos wrote:
errrr…no, did I say that?   interesting interpretation…you have a scenario you beleive in and you pick the symptoms that fulfill your expectations…..I think the trend is there also , maybe just not with an outcome as apocalyptic as you present…..i trust there is room for more than one point of view. 

Mate yo…[Read more]

blogs wrote:

yarpos wrote:
your letting facts get in way of a good story Scott

Ohh sorry did you think the whole basis of the property down turn was due to the rate rise by the NAB? I was pointing out yet another rate rise-and there will be plenty more dont you worry sunshine. Tell me this gents-how do you think the large proportion of pie…[Read more]

your letting facts get in way of a good story Scott

aliyee wrote:
Hi Matt,I'm a bit confused here.  I just need to clarify a few things:1) So you mean we can actually sign the contract and pay a nominal deposit, like a holding deposit, without having the vendor sign as well?  Is this contract binding in any way then?2) I thought once you sign, it means you are ready to exchange contracts?3) An…[Read more]

HiMy 20c worth……….for what ever its worthUnits:  the fundamental principles are probably true in a general sense and some investors steer clear of units all together.   We hold both units and houses and we tend to look at the potential of each opportunity and what our strategy would be for that property.    There are units and units.…[Read more]

aliyee wrote:
Hi Yarpos,When you say "try a contract subject ….."  do you mean you have to pay the 10% deposit as well?  In that case the contract would be binding?

Normally at the contract stage you pay a deposit,  it doesnt have to be 10% , thats just what the agent likes as their commission if then banked (roughly speaking).   If the cont…[Read more]

try a contract subject to a an acceptable inspection,  we have done this and it seems to work OK.  You can still get bumped by someone with a better price or less conditions….but that normal business.  At least this way you have something to offer the vendor.

Most of those posts seem to be concentrated in the Property bust not here yet … worse to come thread,  which seems to have become hand wringing central these days and will surely be more so over coming months.   Do we need regurgitate the media still more?   If people want to share strategies to deal with these more difficult times that might b…[Read more]

personally , unless it is a very minor point, I walk.  If it is something I dont have total control over (like body corporate matters) I walk faster.  It just adds complexity and there are many other properties…..

your approach is quite valid,  but as Terry says  you need to take out tax at your marginal rate along the way (unless you are putting it into super , in which case just 15%…….but locks your money away which is probably not great at your age).   Some other thoughts…….will you have the discipline to save at that rate for 25 year…[Read more]

hi,  there has been another thread on the same topic recently.answers where along the lines of ; how much would you do yourself,  how much quality do you want to build in,  costs ranged from 5 to 20k…..to which I would add especially if DYI-ing,  how long can you afford it to be unrentable?we are just completing a 1 BR reno,  but for the bathr…[Read more]

   download http://www.ato.gov.au/content/downloads/NAT1729_07.pdf from the ATO web site,  there is a table at the rear which provides itemised deprec guidance.   Carpets are 10 years.    Happy number crunching.

they are usually wanting your nett position.   So all sources of incoming including prospective rent and all current comittments.   Your novated lease will already be taken into account , when looking at your nett salary…and as scott says its your answer when they ask about no car costs in committments/expenses. 

$7k?  you could just about have a new roof for that.   I tried to get a quote from a national brand re-roofer, roof finisher, roller blind maker and they tried to close the sale three times on the phone before they even sent someone out to quote.  In the end I told them I was tired of the 1970s sales tactics and not to bother quoting.  They got…[Read more]