Hi Andy,

The key with property is to have an investment strategy up front, to find your balance, keep it $mart, $imple and clear. What level of risk you choose all depends on what you’re comfortable with. Some will choose CF+, others negative gearing and some a mix of both. There are many ways to become financially successful and you need…[Read more]

Hi Turtie,

Firstly a big warm welcome to Australia [smiling] and to the world of property investing.

I understand that you’re keen to start buying property, however you may be better off treating 2007 settling in to your new life and also using the time to learn our laws and tax system. I may be proved wrong, but with upwards pressure on…[Read more]

Welcome to the world of property investing.

There is no Get-Rich-Pill you can take, but you will need a strong desire to succeed. To be successful in property you really do need a good system in place, so my advice would be to follow our 7 step process.

Step 1 Set your financial goals
Step 2 Prepare a budget
Step 3 Set an investment…[Read more]

I agree with Marsden, if you hate painting then pay someone to do it instead! We live in a cladded house and once the darn thing heats up it seems to retain the heat.

A lot of prospective buyers may be put off by cladding as they always wonder what problem its hiding? They may think termites?

Having said that, a quick brush and a hose down…[Read more]

There is considerably more to Property management than just collecting rent – ask any property manager! Good property management plays an important role in ensuring your property receives maximum returns and remains in tip-top condition.
An efficient property manager is well worth the relatively small fees charged.

As you can see from the post…[Read more]

Under income tax laws you can claim the expected decline in value of depreciating assets in your investment property.

There are two options available:

Division 40 Commonly know as “Depreciation”
Division 43 “Capital Works” deductions

Division 40
Under income tax law you can claim the expected decline in value of depreciating as…[Read more]

Hi Sanjivgupta,

http://www.xsstock.com.au are based in Qld but I think they’ll arrange for deliver Australia wide. Not sure so perhaps give them a call.
Besides why would you want to live anywhere else but Qld!![exhappy]

AmandaBS
http://www.propertydivas.com.au
FREE online Property Resources

“It is better to be inconspicuously wealthy, than to be…[Read more]

The auction rooms are a great place to pick up bathroom & kitchen goods and are usually advertised in the Saturday edition of the newspaper. If not have a look at http://www.graysonline.com.au/
The drawback with the auction rooms is time, inspecting the goods before auction, attending on the day waiting for your lot to come up & then usually…[Read more]

Hi Krautcan,

I’ve just sent him an email directly myself, so you should get a response soon.

AmandaBS
http://www.propertydivas.com.au
FREE online Property Resources

“It is better to be inconspicuously wealthy, than to be ostentatiously poor…”

Don Nicolussi is the owner, and also a member on this forum. He’s a pretty reasonable guy so why not drop him a line.
Here’s the link to the site:
http://www.cashflowproperties.co.nz

AmandaBS
http://www.propertydivas.com.au
FREE online Property Resources

“It is better to be inconspicuously wealthy, than to be ostentatiously poor…”

Hi Timothy,

Welcome to the world of property investing.

Michael has some very sound advice for you there, and as you gain more knowledge and experience your confidence will grow. There is no Get-Rich-Pill you can take, but you will need a strong desire to succeed. To be successful in property you really do need a good system in place, so my…[Read more]

Hi Timothy,

Welcome to the world of property investing.

Michael has some very sound advice for you there, and as you gain more knowledge and experience your confidence will grow. There is no Get-Rich-Pill you can take, but you will need a strong desire to succeed. To be successful in property you really do need a good system in place, so my…[Read more]

Marg, Couldn’t agree more! Nearly every inspection the agent does some small repair is needed. Some are only minor, but replacing a H/w system for $1000 does bite into the cash flow. Although Steve’s book was titled 0 to 130 properties, I think you’ll find this was total transactions as many were flipped or vendour financed. At the Masterclass…[Read more]

Hi Sean,

Probably the most experienced Property Developer on this forum is Michael Yardney so perhaps try dropping him a PM (personal message)

If you’re passing a book store I’d recommend grabbing a copy of “Australian Residential Property Development” by Ron Forlee, published by Wrightbooks.

Best…[Read more]

Hi Milly,

Glad to hear that you’re not selling out of Ipswich as its certainly an area on the move. If only that bank would let us service some more debt I’d be buying up a few more bargains for under $200K!!

AmandaBS
http://www.propertydivas.com.au
FREE online Property Resources

“It is better to be inconspicuously wealthy, than to be…[Read more]

As usual Richard and Marg are spot on. Here’s an extract from our website that explains further how Capital Gains Tax works.

Capital Gains Tax
Capital Gains Tax (CGT) is the tax paid on any Net Capital Gain made on an asset that is sold, and is included in your Income Tax Return. CGT is not a separate tax but forms part of your income tax…[Read more]

Hi Wayne,

Here’s a link to a post I made earlier this week where you can download the Qld Govt population report.

https://www.propertyinvesting.com/forum/topic.asp?TOPIC_ID=26777

AmandaBS
http://www.propertydivas.com.au
FREE online Property Resources

“It is better to be inconspicuously wealthy, than to be ostentatiously poor…”

It sounds like Richard has once again come up with a great solution.

To get back to your original question though of “What is equity?”

Equity is the difference between your total property value (Assets)and total mortgage (Debts) . Hopefully Assets are higher than Debt!!

AmandaBS
http://www.propertydivas.com.au
FREE online Property…[Read more]

I agree with the others life is too short to waste.

Keep shining,

AmandaBS
http://www.propertydivas.com.au
FREE online Property Resources

“It is better to be inconspicuously wealthy, than to be ostentatiously poor…”

Hi Jono,

When purchasing your investment property, the decision as to which type of entity is best for you is one not to be taken lightly.

To select the best structure, consult your Solicitor and your Accountant. This should be done before signing the Contract of Sale or any other legal document. They will consider all the main issues that are…[Read more]