Depends a bit. Some days it feels like 0. Other days I can go 10 hours without a spare minute.

I think there have been some changes to tax law so that if you ever rent a house out, you cannot avoid CGT. It will be based on how long the property is held so if you live in it for 1 year and rent it for 4 years – CGT would be 80% of the capital gain (less 50% reduction for holding over 1 year). Effectively 40% on the example above.

Hi Casey. Forgive my ignorance regarding Qld. Are they in housing commission suburbs or spread amongst all suburbs? Where I grew up they lumped them all together until a few years ago when the housing commission started buying cheap houses in regular areas.

Perhaps my post came across a little more harsh than I intended. I am happy to share any experiences or offer suggestions where I think I can. And I believe almost everyone here would feel the same way about sharing experience and knowledge.

As to finding a deal for someone, probably not.

We all come here to learn and share knowledge, and even though I have gone through the whole process a few times it’s still a bit nerve-wracking and I still learn things most days from other posts.

But, I still have to go and research what I learn/see here to ensure it is factually correct (like trust/company structures).

I think anyone who thinks that any forum is gospel is headed for trouble. Take the ideas and advice and check with a professional accountant/lawyer/agent as the case may be.

Personally I stick to houses as all the value is in the land. Value of the dwelling goes down over time, value of the land increases (theoretically).

I definitely don’t do holiday rentals – house or unit. Too many variables, too many extra costs, too much of a niche investment if I ever wish to sell.

Former Taswegian from the glorious north of the state! Been in Sydney for 4 years. Still have 3 IP and 3 blocks of land in Tas.

I don’t think it is a straight forward as yes or no as it all depends on your own investing philosophy and intent to use the information in the book.

Personally I’m not interested in tiny regional areas and sub 50k properties, even if I make 10 or 20 bucks a week on them – it just isn’t worth my time, and doesn’t fit my profile.

However I still was able to take things from the book that I think were very informative and helpful.

There are quite a lot of people who have come to this forum looking for others to do the work for them, and be spoon fed a nice property portfolio – wake up and do some bloody work yourself! I’m sure most people here are happy to provide advice and guide where possible but if I give you everything what have you learnt?

Steve isn’t the messiah – but he provokes thought and hopefully action. Not bad for $30.

I don’t live in SA but to me it seems very expensive for what it is (Adelaide that is). Doesn’t attract migrants from other states or overseas, yet fairly high prices. Was on my list, but question the value now.

I say forget the 11 second rule. You can’t be ruled hard and fast by such a limiting guide. It’s a rough estimate only and not the only tool in the shed.

If it covers repayments and is a decent property I’d jump on it. But that’s based on my philosophy for investing – I have no interest in sub $50k cheapies in the town of Bumfluff, population 12 people. I go for mid-range property in areas of at least 30-40 thousand people, better suburbs, rent covers payments.

Pinky – I’d suggest you need to decide what your own philosophy for investing will be and decide on your own rules (then break em!)

PB.

Might depend on how many years ago it was. Best to be up front and ask around. May have to pay more initially to build up a good history.