kathryn,

I can see the REA’s point that they want the place to be ready for someone to move in tomorrow….but they have to acknowledge that it is costing YOU money.

What would your agent say if you said to them – OK I can leave it untenanted…but I’ll take the market rental out of your fee for every week after the second that you don’t have a legitimite written offer.

Cheers,

Aceyducey

Sibo,

Check the history of Queanbeyan – retraces are quite common.

Cheers,

Aceyducey

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 around death duties should you die.

You may wish to consider buying a book on the topic such as Renton’s Trust book (bookstores) or Dale Gatherum-Goss’s Trust Magic book (http://www.gatherumgoss.com/shopping.htm).

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

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 Title states the number of undivided shares contained and the sketch of the land used to be shaded purple – thus “purple title”.

See: http://www.reiwa.com/content-glossary-words.cfm?&letter=P

Time taken to find using Google: 3 seconds

Cheers,

Aceyducey

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

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

Sibo,

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

Cheers,

Aceyducey

Go Gatsby!

Finding your passion is most important.

Cheers,

Aceyducey

kathryn,

Aside from the spot-on comments by other posters, you’ve now struck one of the issues with buying in very regional areas – locating buyers.

Inc ertain areas it can be hard to locate buyers, simply because it’s hard to find out where those buyers look for property.

I think you’re right that you should consider using an intermediary – but use a legitimite Real Estate Agent, don’t try to get someone to show the property for you!

For one thing, it’s illegal in Australia to sell property that doesn’t belong to you without an REA license – so you may be asking a pensioner to risk a major fine.

For another thing, buyers go to Real Estate Agents….cause that’s where you buy properties.

Go to where the buyers are, not where they aren’t.

And considering the slowdown in property sales rates this year – be prepared to have it on the market for awhile. Sure the area looks like it’s booming, but that doesn’t mean that people are buying.

Perhaps getting a tenant in (if it’s not already tenanted) will help tide you over.

Cheers,

Aceyducey