Why don’t all you negative doom and gloomer’s take your negativity to [email protected] . There is never a perfect time to invest into property but, you must start sometime. Keep inventing excuses and remain reactive instead of proactive and you WILL be part of the devastated 90%+ who retire poor….

Bullseye, as always Richard.

As promised NikNak, you are now starting to receive the excellent feedback from 2 of our 'senior' contributors and what both Terry and Jamie say should go a long way to helping answer your questions. Thanks again for your usual positive input guys !  

Thanks Scott – your wisdom and knowledge is always appreciated – even if you're opinionated.One of these days I'll have to get accreditation for NSW's – you simply can't know ALL the individual state laws. However, for the benefit of NikNak, I still believe 'tis better to cut one's losses now than reap a potentially bad harvest that make the cost…[Read more]

Welcome to our forum NikNak……There are just so many variations and structures available to you from a variety of lenders and I could spend time running through a few examples for you however, this in itself can present problems, as you will be receiving suggestions that do not factor in all contingencies of your personal situation such as…[Read more]

Hello NSW2011.How, from a legal standpoint, can you possibly lose your deposit should you decide to cool off during your legislated cooling off period? Answer: you can't. Your deposit is deemed 'consideration' under contract law and is used to enforce a contract between a seller and buyer AFTER the expiration of cooling off. You do not need any…[Read more]

Well said JT7 – you must be a local down south like myself. Yes, Seaford is going to be HUGE and I forgot about the rail extension so infrastructure down south is amazing and getting better!

Absolutely Scott, Absolutely!Even more enjoyable when you can be a thorn in one of the greedy ones!!!  LOL

Hi Zenetti.There are ways to prevent this developer from bending you over a desk and giving it to you. PLEASE don't be intimidated by his size or prior success in squashing the 'little guy'. At the very least, there are ways to turn him into a voodoo doll and just keep sticking pins in him. I sincerely wish you well!

Hi Debbie.You need to discuss most of the above posts with:1. Accountant re: Tax Variation 221d Form2. Mortgage Broker to explore your options on the existing loan.3. Real Estate Agent/Property Manager about regular 6 monthly rental increases in line with CPI.4. Buy and read Jan Somers' book 'Wealth from Residential Property', it will amaze you…[Read more]

Hi BytheBay.I live in Adelaide and yes the are areas in Adelaide that we believe will receive phenomenal growth are places such as Christies Beach, Port Noarlunga South, Aldinga, Moana, etc in the south and Two Wells, Virginia, Gawler, etc in the north. Opening of Northern Expressway; widening of Southern Expressway; and the $817million ex…[Read more]

Welcome to our forum AR.Feel free to send me a personal email below and i would be happy to answer your question privately.Kind regards,

You have now entered the Family Law Twilight Zone and it does not matter how 'smart' you think you can set up discretionary and family unit trusts, SMSF's, or otherwise, you cannot avoid your obligations under Family Law. Unfortunately, it's as black & white as that. Remember the Law can be a TURTLE and an ASS – it's SLOW and it's STUPID at t…

Hi Rin.May I suggest you look at the link below for a start to a NZ property investor mentor.http://www.davidwhitburn.com/

Great story Emma and Broker's like Richard and myself love to hear the Broking industry is constantly improving and clients' needs are being truly met. You see folks, Mortgage Brokers are here to help YOU to get what is best for YOU. Their qualifications don't come easily or cheaply and they have a fiduciary duty of care to always act in your b…[Read more]

Hi again Zenetti.Seems you're still having problems with this damn developer trying to secure the air/space above you to secure uninterrupted views for his off the plan development. There are a number of options open to you and if the matter is urgent why not seek an court ordered injunction effectively freezing the developers ability to continue…[Read more]

Welcome to our forum costadam.Here's a little something I put together for beginners and I hope it is of some help to you.BASICS FOR THE BEGINNER PROPERTY INVESTORTake a look at a map of the region you are considering, identify the local CBD and draw a circle 15 kms around the central point. Start looking for your property within the…[Read more]

Is the property a PPOR or an existing IP?How far along are you with the sub-division? Have you Council approval and plans in place?If existing PPOR, have you re-structured existing mortgage (if you have one) to be acceptable to the ATO that it is to become an IP for tax minimisation purposes?When did you want to claim these costs as deductions?…[Read more]

Welcome willo352.Yes, the ATO allows ordinary Aussie's to reduce or vary their tax in the weekly paypacket on a leveraged investment property. It's called a tax variation form 221d. Have a look at the link below and this may help you to understand further. Word of warning though: the ATO is anal about a 221d's figures being projected reasonably…[Read more]

Welcome bullsta. Ashame it couldn't be under better circumstances.The Purchaser bought under 'Auction Conditions' which means he signed an 'unconditional contract'. Basic contract law 1.01 states that for an (unconditional) contract to become binding 'consideration' must take place. Consideration is money changing hands between seller and…[Read more]