I’m currently reading Michael yardneys new book “How to become a Millionaire in your spare time”
I’ve also enjoyed reading Secrets of Property Millionaiares Exposed by Dale Beaumont andCathy Jayne Pearce “Real Estate Cash from Treasure and Trash”
The best book however is Property Development in Australia by Ron Forlee, a little boring to read but…[Read more]

I think you need to work backwards by determining your end buyer first and then target the reno to suit. If its a good sized house on a large block aim for a family friendly finish. If its more compact on a small block then aim for first home buyers.
Road appeal is very important you want a prospective buyer to get out of the car and be eager to…[Read more]

Agree with Danni and Derek but signing a contract after July 1 will also give you the advantage of not having to pay capital gains tax until you lodge your 2007 ITR in April 2008. Worth considering !!

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

Dazzling and Gross you are both naughty boys !! Glad to see you’re back in the lucky country Dazzling we missed your posts.
Tamtam just do a search on “Cash Flow Positive Properties” as this subject gets a lot of coverage. Don’t loose heart they are out there you just need to be creative.

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

When we were shopping around for a kit home I did consider them but in the end we went with Harkaway Homes that have similar designs.
http://www.harkawayhomes.com.au

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

Hi Richard,
First what is your investment plan ?
Are you experienced at reno’s and costings ?
Why keep a reno property for 12 – 18 months and risk a tenant destroying all your hard work ? You might save some tax but it also slows you down stopping you from moving forward with too much cash tied up.
First you need to research your target market…[Read more]

Thats all great Derek but I’d also add “What can I do to make your job doing my tax return easier ?”
Record keeping for tax purposes has been covered numerous times on the Forum so do a search or check out the tax office web site for more details.
PS. You probably should have gone to see your Accountant first though to ensure you;re buying in the…[Read more]

Michelle, agree with the others its the date of the contract not when it settles. So in your case if you signed in March 2006 you’re the legal owner from that date, capital gains is calulated from that date and your insurance cover should also be from the date of the contract.
(Ex Tax Accountant of 15 years)

Amanda
“It is better to be…[Read more]

Have a look at the “Decina” bath range. We once used a small flat bottomed bath which was wider at one end to allow a shower and then had a glass pivot door installed by “Stegbar”. With a modern flick mixer it looked very trendy indeed.
We had a similar situation at home but instead we used a large corner flat bottomed bath fully encased with a…[Read more]

All the auctions are listed in the Business Section of the Courier Mail each Saturday. Also have a look at this site
http://www.xsstock.com.au
If you’re after a good quality second hand kitchen go and have a look at Second Chance Kitchens at Kangaroo Point. A friend just had a 2 year old kitchen installed from them with new bench tops, new sink &…[Read more]

We use abr.com.au for our data and usually also do a 1klm radial search which will give you details of recent sales in the area. Then just drive around and check out each property.
Good luck

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

Hi Jarrah we were sitting at the same table !! I was not so impressed with the seminar and found it targeted “newbies” more so than more experienced investors. I felt it went over the basics quite well but didn’t really tackle any new ground for me. I’m a retired tax accountant (15 yrs) so I found the number crunching more valuable and would…[Read more]

Hi Xenia,
Being a Qld girl I can’t answer those questions but I’m most impressed with the reno in 4 weeks. Well done. I thought our 6 weeks was good so it looks like I’ll have to work a bit harder now!!

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

Mmmm !!! No replies..
Are you all shy ?
Surely someone out there is going if Steve’s sold all but 5 tickets ?

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

We’re investing in the Ipswich area at present with good rental returns. A lot of development is occuring in the area with Riverlink, Ripley Valley, RAAF Amberley extension, Willowbank industrial park, recently completed International Hotel and Aspire apartments.

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

I agree, talk with your local Council first perhaps even ask for a pre-lodgement meeting with an Engineer.
A good book to read is “Aust’n Residential property Development” by Ron Forlee.

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

One of my goals this year is to increase my knowledge so I’m on to book number 6 and very excited about attending the Brisbane Property Masterclass in 2 weeks.
Mind you who could go past this months edition of API magazine !!

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

First try the monthly magazine “Property Investing” which lists books in the back.
I found “Australian Residential Property Development” by Ron Forlee fantastic. A bit technical in parts but has very informative (around $30) available from Dymocks

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

I would engage the services of a professional valuer to do a valuation on the now subdivided property and apportion the interest accordingly.
should costs $500 – $600

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

WOW, is all I can say !!Feel like a job over Easter in sunny Qld ?

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