Daisii,

It’s true, your husband would be able to claim a bigger deduction if the property was all in his name. However, if you to change the ownership it will trigger a stamp duty payment, just like selling your half to him.

The other longer term point to consider is if/when you plan to sell. Lets use the following scenario:
1. You’ve held it…[Read more]

In WA anyone can buy the ‘Urban Renewal’ properties. Caz, you still buying in Kwinana? I’m building an IP on a block in Parmelia, Department of Housing sold it to me 6 months ago for 27k with 6k worth of building incentives. Now these’s no full size house lots avaiable unber 40k.

I think there’ll be a heap more growth there as they…[Read more]

make sure you check if that rent includes GST. if it does, then the ‘actual ret’ is 9.1% lower.

People,

A quick word of warning about the WA reginal trends and indicators docuemnts. Watch out for the population growth projections! There seems to be a lot of areas that have exactly the same growth rate (eg that of the state as a whole) for future projections. Someone seems to have done a striaght line projection over much of the…[Read more]

I think the issue of when/ how a finders fee is paid is irrelevent in the long run. If someone gets a deal through this forum and then doesn’t pay what they agreed, I think it would be the last deal they did… a few posts and public naming would sort them out.

It all comes back to integrity, honesty and win/win.

Brett

Who was the agent if you don’t mind naming names? I live and invest in Mandurah and would love to add them to my ‘steer clear of’ list.

Great storm wasn’t it? I was silly enough to try and play golf Sunday morning.

Thanks,
Brett

I’m interested. please send me some more details of the property to [email protected] and also include details of what you’d like out of the deal.

thanks,
brett

A friend of mine has eight house in Port Pirie (he used to work there). Very good rental demand, long tenancies and steady capital growth (4% pa last three years).

BUT… The main industry in town in the Port Piries Lead/Zinc smelter. This was owned by Pasminco, now owned by the banks after Pasminco folded. This smelter is certainly in it’s…[Read more]

If you clear it with your bank, you can ask your bank/ broker which valuer/s they use and arrange the valuation yourself.

In WA you need insurance from the date of settlement.

Brett

Just thought I’d include a couple of other points:

1. Why focus on which is better? -ve gearing is a good investment for certain people, not better or worse than +ve, just different.

2. Most business ventures start off losing money, but with growth turn positive, then very positve. It’s harder to end up a billionaire without putting in any…[Read more]

To say you don’t have time will be a self fulfilling prophecy.

Ventura,

If you/ your friends are still keen, please send me an email. I might be able to help them into a house of their own.

brett
[email protected]

check what LVR you can get, commercial loans are generally 70% max, some go to 75%.

Your comments about risk are noted and have been considered. One point to note on the risk side is that a director’s assets are fair game when you are sued anyway.

My own position is such that I don’t feel too exposed. I’m a consultant with good PI insurance. Damages are limited by contract to haveing to re do reports, which would consume…[Read more]

There’s absolutelty no good deals in WA. I’m over here,[] trust me. (well maybe there’s a couple, but don’t want to share)

Seems interesting that a lot of people are concerned about prices dropping. Personally, as a long term investor, I’d love to see them go backwards for a bit.

The people all over IP home-opens trying to get into the market now will work well for us when it turns… they’ll all be trying to get out. Think of the opportunities!

I love the Herd…[Read more]

I’m developing a couple of things in WA. One thing to watch is the difference in prices now and when you complete the development. Selling off the plan in a rising market can hurt you, particularly if you’re only doing small projects and don’t need the pre-sales for any finance arrangement.

I’ll give an example:
Triplex block in Mandurah,…[Read more]

Terry/ Richard,

thanks for the feedback. Both comments highlight the things issues I’ve tried to get around.
1. Directors + PG: Not much good as I’m sole director, with all income sourced through the company.
2. The company is technically a trading company. I’m a professional working for my own comapny, basically a sub-contractor.

In response…[Read more]

I think there’s value in the off-set/ Credit card set up if you spend a lot. My partner and I spend about $5k a month on our card, so that means we’ve got $5k not being charged interest each month (interest = $25/month).

With our fixed monthly repayement, we pay on average $25 less interest and $25 extra principle. This should knock $9k…[Read more]