hodgson,

The last two posts are absolutely correct, and only part of the story.

Trusts have a variety of benefits.

They do not pay tax, tax is only paid when profits are distributed from a Trust.

You can establish a set of beneficiaries (such as yourself and your kids), so tax is reduced across people.

Due to this beneficiary system, they get…[Read more]

Note that 1 bedroom flats in Queanbeyan were going for under $40K about 18 months ago – so under $85K may look cheap, but the Queanbeyan market has had it’s big rise.

I don’t expect much from Queanbeyan for another 10 years.

Look at the history, demographics & services PLUS the price of new homes & units in the ACT

Cheers,

Aceyducey

mattty73,

Give it to me.

Seriously, put a % into property, a % into shares & a % into lifestyle.

How you weight the % is up to you!

Cheers,

Aceyducey

Exactly per Sibo’s comments.

Frankly I don’t spend more than 15% on a property.

Target the reno budget at $40-$50K.

Remember your aim is to sell (from your post anyway) – you need to take into account the selling costs & CGT and how it reduces your profit

Cheers,

Aceyducey

Purple Title – Tenants in Common –
The land is held as Tenants in Common, the shares being in the same number as the units. Separate Title may be issued for each unit. Because of the “unity of possession” the land cannot be divided or partitioned. The sketch and lot number is for the whole of the land in the plan or diagram.

The Certificate of…[Read more]

Originally posted by tankbusterboy:
Now, I’ve missed the boat in those two areas that were definate winners. How can I stop this?

Stop sitting on your hands!

Use what ever justification you like – motivated by book/seminar, got a raise at work, kids left home – whatever.

Keep in mind that at the end of the day the only thing you need to do to…[Read more]

I’m not buying right now – and neither’s my wife!

hmmm – is that a good way to judge whether to buy

I’ll update you when I know the date of our next purchase (in the next few months) so you can buy on the same day – after all, safetly in numbers!

Cheers,

Aceyducey

Noam,

You’ll undoubtable make money – but it may take an awfully long time.

Also keep in mind that effectively your return will be significantly lower than for someone who bought a decent dwelling in an established area.

The key thing you should worry about is whether you can afford the cost of the next five years to make that money…

Good…[Read more]

Sibo,

Spotting is illegal in Australia if you do not have a Real Estate license. So when you move to Canberra this is probably something you should bear in mind.

New Zealand I have no idea about – but you should check!

Cheers,

Aceyducey

Listen to the banks.

If they feel East Coast apartments are that risky – why would an investor buy one!

If the prices drop however that’s a different matter….

Sibo,

Come along to some of the investor get-togethers once you’re here

Cheers,

Aceyducey

Originally posted by Celivia:
I suppose for people with 5 or more IPs they won’t dream of sending all these tenants gifts.

Some of us do

But not on calendar events, as a thank you at a random point in the year.

Cheers,

Aceyducey

Go Gatsby!

Finding your passion is most important.

Cheers,

Aceyducey

JaRRn,

Be careful when investing with friends.

Your priorities and needs may diverge over time. In certain cases preserving the friendship can become hard.

Cheers,

Aceyducey

Originally posted by kathryngene:Now could someone help me and tell me what have i missed and why i am having so much problem seeling this is such a growth area, and at good returns.Would appreciate any comments,thanks

kathryn,

Aside from the spot-on comments by other posters, you’ve now struck one of the issues with buying in very regional…[Read more]

Originally posted by depreciator:
Like tax agents and accountants, most Quantity Surveyors welcome the clarity of the new gudelines. Whenever the ATO make some grey areas a bit more black and white it makes everybody’s job a bit easier.

DOesn’t it also mean more work – for anyone who needs to come back to have a revised survey….and for people…[Read more]

Originally posted by riffraff:
Im still looking for one in Melbourne…. anyone?

Dale Gothering-Goss.

Check over at the Somersoft forum – he’s one of the top Property Investor accountants.

He’s used by investors around Australia.

Cheers,

Aceyducey

Originally posted by Ozboy:
If you had, say, the finance/equity to purchase only 1 property out of a block of 6, could you buy the other 5, by getting deposit bonds, 1 after the other? Could this be done really quickly (eg: all six houses bought in a week, by getting a deposit bond every day), by going to 6 different deposit bond companies? Can it…[Read more]

Guys,

Bear in mind that I’m criticising the tactic, not the person or the book.

I’m happy to accept that this was a simple mistake by an author who wanted feedback on her work.

I understand the desire for this feedback. If you take a look at my site you’ll see my partner & I have had a number of books published ourselve – none property related…[Read more]

I would NEVER go to a seminar run by someone who runs seminars for a living….

The presenter’s priorities and focus are not aligned with my own as an investor.

I’d go to a seminar to learn to be a better presenter however

Cheers,

Aceyducey