G’day Hewson.

Basic info like this is provided every month in Australian Property Investor mag. There is a different focus every month – this month’s issue is Unit Prices for all states and next month’s will be Median Rents (S.A. included).

Here’s a link to a .PDF scan you can download if you’re interested. It’s of the table in the December API…[Read more]

Hi.

1. Personally I like this design. It’s a tie between this an 4. To me this says ‘Yes, this house can be yours’ and also has the upward (read as cf+) thrust of the tick.

2. Looks to me like cash is flying out the door of the house! Why would I do business with a company that is going to make money fly out the door?

3. Is more abstract and it…[Read more]

Hello Angie7.

I completely concur with Sanjiv. There are people out there who do make successful property purchases online without ever visiting the property but I’m willing to bet that all of them complete extensive due diligence checks before they buy. Of course you should always complete due diligence checks before any purchase but when you…[Read more]

G’day Blogs.

I wouldn’t go so far as to say that deals like this don’t exist but I will say that if this is your target then maybe you have to think outside the box a little. Are you in a position to develop land? Or perhaps to form a syndicate and purchase an existing block of units (thereby lowering the individual cost per unit)? It may be that…[Read more]

Hola,

I too use Mack and Co.

Partner Tony Maclean is an investor and a gun when it comes to any tax questions I have. I got onto them because my uncle, a former investor in Perth commercial property, swore by them. My wife and I now live in Sydney but still use them as our accountants.

They are on Havelock St in West Perth.

Cheers,
Art
(though…[Read more]

Hi,

Given the other stats and the fact that it’s Domain I would tend to agree that it’s Private Treaty discount.

Nice explanation of the discounting rate though, duckster.

Art

‘Great spirits have always encountered violent opposition from mediocre minds.’ – Albert Einstein

Thanks for the replies. It’s good to know I’m not alone. I’ll forward the link to this thread to the administrators and see if there’s anything that can be done.

I don’t know if it’s because today is Australia Day and maybe the server is having a beer with some mates but boy, is it bad today. I timed how long it took to get this thread up from…[Read more]

Wow, this thread has taken a turn for the weird.

Art

‘Great spirits have always encountered violent opposition from mediocre minds.’ – Albert Einstein

Hi.

FYI, there’s a good piece on retirement property in the new (Feb) API mag.

Cheers,
Art

‘Great spirits have always encountered violent opposition from mediocre minds.’ – Albert Einstein

Hi Linda.

Thanks for the tip. I’ll be looking to redo a kitchen in the not-to-distant future and will give them a call.

Cheers,
Art

‘Great spirits have always encountered violent opposition from mediocre minds.’ – Albert Einstein

Hi Wylie.

The guy who runs a tip I went to the other day told me that his quick test for asbestos is to give it a tap with something hard like a key. According to him asbestos materials have a sound almost like tapping glass or porcelain whereas non-asbestos materials have a softer sound. Doesn’t sound fool-proof to me but seems as it’s coming…[Read more]

Hi Sean,

My wife and I are in the middle of a small development (front reno, rear subdivide and build) and I’m happy to share our experiences so far.

Also, I have a mentor who has his finger in pies ranging from 3-6 unit subdivisions right up to multi million dollar land banking (he’s putting one of these together in WA as we speak) so I’d be…[Read more]

Hi.

I’d be interested in reading the piece. Is there a link to it somewhere?

I’m in agreeance with Sean on the subject of RE books. I’ve managed to get something out of almost every one I’ve read but I do crack every spine with a preparedness for skepticism. There tends to be a lot of Rah Rah and flag waving in the RE authoring community and…[Read more]

Oh yeah…and another thing,

You say you can’t afford more than $500pw repayments but don’t forget when working out your figures that stuff like insurance, rates and maintenance have to be paid on your properties as well. This will increase the annual (and therefore weekly) amount you’ll be paying out of your pocket on top of loan…[Read more]

Originally posted by lyndon_g:
Thanks for all the great responses!

Originally posted by Mortgage Hunter:
Should you draw that $100K to buy a Lexus then your original $300K loan remains 100% deductible. If you had kept the money in the home loan and redrawn it then you will now have a loan with $200K deductible and $100K (for personal use) not…[Read more]

Thanks for the heads up. We’ve been shopping around for air con systems and will certainly take this into consideration.

BTW, if anyone else is looking at air con systems I’ve noticed that Grays Auctions often has a couple lots of them available in their online auctions (www.graysonline.com.au). I’m not endorsing them, just putting it out…[Read more]

Hi there.

Personally, for the 5-9% (tax deductible) fee you’ll be paying an agent, I’d avoid all the headache of self management every time.

Having said that, if you’ve got the time and willingness to learn and you think that is worth the 5-9% (pre tax) savings then go for your life. There are plenty of people who self manage with no (or few)…[Read more]

Hello all.

I’m saddened to hear the news. A friend of mine, also a young guy, ended his life last Easter after battling Depression his whole life and it’s still haunting all his good friends and family.

If anyone out there, particularly men (as we don’t tend to be as inclined to seek help as women), are trying to cope with the often debilitating…[Read more]

Hey vyaw2003,

There’s loads of material on this very question already on the site. Do a couple searches for ‘Trusts’ and ‘Company Structures’ and you’ll come up with loads of info. Here are a couple existing threads to get you…[Read more]

Thanks. I’ll check it out.

Art

‘Great spirits have always encountered violent opposition from mediocre minds.’ – Albert Einstein