Hi guys, Theres not much enlightening there. My friend simply took advantage of the PPOR CGT exemption 3x over. You need to be careful you don’t do it too often as the ATO could easily deem you to be in the business of developing then not only do you not get the PPOR CGT exemption, you don’t get the 50% discount either plus you will have to pay…[Read more]

Sounds like renting is the way to do it in Syd at the mo. However a friend I know has taken advantage of the biggest tax loophole ever. He has made over $2.5M over only 3 PPORs in <10 years (net of transaction and reno costs). Not a bad effort at zero % tax!

Originally posted by jebro:
I’m in a similar position to Andrew. Actively looking for good deals in Perth but am in a situation where I’m better off to sit tight and wait while enjoying the continued growth. Keeping a close watch to see when the kettle starts to come off the boil though.

jebro

Will you or any other forumites be jumping in when…[Read more]

Thought I’d bring this up again. Yanchep Stage 4 – Lindsay Beach side released this week.

http://www.capricornproject.com.au

Apparently some blocks have ocean views. You guys who picked up in Stage 1 and 2, I think you got a very good buy on the traditional blocks. At least $40K pick up there. Prices had not moved between the first 2 stages. I…[Read more]

the problem with this asdf is that the tax you pay on your sales will reduce your asset base significatnly

That is something I did leave out of my calcs plus I suppose the stamp duty and transaction/loan est costs on the new purchases. I suppose as long as you achieve your financial goals, doesn’t really matter which strategy you adopt along…[Read more]

Yeah nice one Derek. I know what you mean by getting an offer you can’t refuse. Sell and start again with two or three x the number of properties at the start of another cycle perhaps. I know there are a few investors in the process of completing house and lands at the moment. Just be careful if you enter the market too late that by the time ur…[Read more]

Originally posted by Derek:
In one case they indicated a price $30K higher than 3 weeks ago was acheiveable and in another a property has been listed at $80K higher than any other comparable sales in the same complex.

Hi Derek,

Just wondering if you would contemplate selling if we think this WA market is going to overshoot and will most…[Read more]

Originally posted by lukis p:
just heard that perth has moved up above brissy on median price now 3 rd on list brhind syd and melb.[thumbsupanim]

The figures are trailing indicators and seeing the amount of growth we’ve seen again between Sept 05 and Mar 06, I’d say it has now tipped above Melb.

Nice one Ausprop. Sure am glad they removed that White Australia Policy decades ago! On to the next deal….

Well done guys! I recall passing on Release 4 or 5 thinking who would want to live in this estate when blocks were so “cheap”.

An interesting scenario I thought I’d throw out for you Perthites currently hoarding land. I have just had 2 of my IPs completed and tenanted to folks building round the corner. I have been lucky that I got in the initial…[Read more]

Wheres Busselton??

Originally posted by bkawz:
Thanks for all your replies.
I will do a more detailed post later on, as i am busy now.
Flash: My brother and I have been playing poker for 2 years now, so we have saved up a bit. The money is sitting around, so Id like to invest it into something.

You related to the bloke from Melb who won that WPT? Better sign up…[Read more]

Originally posted by Qlds007:
Brizza

Crusher is almost there.
There are 2 main 1 secondary and at least 3 lenders that self insure.

Hey Richard,

Does that mean when you get maxed out at $1M each on PMI and Gemworth, you can go to the other 3 lenders and get more LMI deals through? Do these lenders have a max lend? or is it based on…[Read more]

You should’ve been able to claim something on the land too. Most developers sell their land under the margin scheme so that should flow on to you too but not really sure how you apply it. From what I gather, you are out of pocket by the profits. ie. Paid $100K for land and $100K for house – $20K is GST credit and when you sell for $300K, you remit…[Read more]

Originally posted by mk2r:

Rare but still around are good priced house and land packages in Goldern Bay,Singleton and Madora Bay (Half way between Rockingham and Mandurah.

How much is good priced? Madora Bay blocks are going for over $250K. By the time you whack a house on it, it’ll easily cost over $450K. Possibly on higher side of $400s…[Read more]

Originally posted by JVT:

A quick search around Dee Why

Don’t you just love the red bricks?

http://www.realestate.com.au/cgi-bin/rsearch?a=o&s=nsw&c=20219373&tm=1140070050&id=102812679&f=20&p=10&t=res&ty=&snf=rbs&ag=&cu=&fmt=&header=

Given the choice, Dee Why would be one of the last suburbs most Northern Beaches folks would choose to live.…[Read more]

Originally posted by APerry:

Thee is also a smaller lender offering 90% LVR with no LMI.

Regards
Alistair Perry

Hi Al, Interesting. Is this a securitised lender? or one of the smaller banks? Basically is the loan mortgaged insured but you don’t have to pay it? I’ve heard of banks offering up to 90% but on 2 loans. The 10% must be P&I over 7…[Read more]

Good luck finding a 4×2 in Syd for under $350K. Even homes up in Avalon, Newport and Palm Beach which is > an hour from CBD will go for >$800K with NO ocean views. $350K might buy you a 30 wait, maybe 40 year old 2 bed unit in the 7-20km CBD radius. Might be LUCKY to get $280p/wk rent for them with minimum $400 p/wk strata rates and yes, these are…[Read more]

Originally posted by Derek:
Hi Nat,

I was speaking to an agent during the week who claimed that someone they know bought and resold a block of land within three weeks and make $60K.

Derek
derekjones1@bigpond.com
http://www.pis.theinvestorsclub.com.au
0409 882 958

Some house sales reps were buying up entire stages and on-flicking em for $20-$30K more…[Read more]

You’ll definitely get a fair bit of depreciation back – maybe up to 2% worth in yield but whats the outgoings? The council rates will be fairly high and are the tenants contributing to the admin or sinking fun? You need maintain garden, paint building, fences and all you need is one big problem like electrical through building or burst pipe..etc..…[Read more]