Forum Replies Created
on the REIWA course a PM said in one of her lectures that it is illegal to take extra money for a pet bond other than the $120 or whatever it is for the treatment. is this still the case? no wonder pet owners have a hard time of it – government interference yet again
Extensive list of ‘Off The Plan’ property available for sale in Perth.John – 0419 198 856
surely if you hadn’t cliamed it you would just adjust your returns to cliam it = 100% claim for the depreciation and only 50% assessed on the CGT. so it should all be good news?
Extensive list of ‘Off The Plan’ property available for sale in Perth.John – 0419 198 856
Plus if it is available for rent but you don’t have a tenant, that doesn’t automatically mean you can just go stay in it. There is a peak period of about 13 weeks I think it is that if you so much as step foot in the door it is no longer considered available for rental. check out http://www.ato.gov.au for the fine details.
Extensive list of ‘Off The Plan’ property available for sale in Perth.John – 0419 198 856
interesting, deflation is still a real possibility…
I can’t see a lot of room for tightening rates too far.
Extensive list of ‘Off The Plan’ property available for sale in Perth.John – 0419 198 856
good PM’s are hard to find. if you find one pay them very well.
Extensive list of ‘Off The Plan’ property available for sale in Perth.John – 0419 198 856
3 years – wow, that’s a huge call! still it’s good to have buyers and sellers – else the world wouldn’t turn!
Extensive list of ‘Off The Plan’ property available for sale in Perth.John – 0419 198 856
yes ‘good’ is very subjective. even if you paid cash for a property, quite a few still beat an on call interest bearing bank account, so I geuss that’s good? But in comparison to rent yields a couple of years ago, its a dog
Extensive list of ‘Off The Plan’ property available for sale in Perth.John – 0419 198 856
I am not so sure about down cycles lasting years – there was suppose to be one a couple of years ago, so I sold up waiting for the big bargains in 12 months and then we had one of the biggest upswings in a decade. If only I could get hold of some of those commentators!! I have to laugh – a lady I spoke to at a party nearly 2 years ago was boasting to me how she was going to swoop into the market in a years time and grab bargains off all the poor first home owners who were being hooked onto mortgages they couldn’t afford with the $14k grant and the government was so irresponsible for doing it and and and. Well history is the only certainty. I wonder if her ‘war chest’ ever became a war chest or just a deflated sum of money in an interest bearing account earning 5%? Only thing I know is that trying to time the market is a mugs game – and that came from the biggest teacher of all; losses! I suggest: take a long term view and buy at a good price in TODAYS market – and I think there is some pretty good buying out there.
Extensive list of ‘Off The Plan’ property available for sale in Perth.John – 0419 198 856
Las Vegas… someone was talking about this a couple of days ago saying there was a huge scam and US people were moving in on Aussies as prime targets (being property obsessed as we are). wish I could remember where I heard it….
Extensive list of ‘Off The Plan’ property available for sale in Perth.John – 0419 198 856
thanks guys, the 47c comment was particularly interesting.
update: I went for the cash offer. it was cleaner and I think I would have ended up frittering away the barterdollars on nothing in particular.
Extensive list of ‘Off The Plan’ property available for sale in Perth.John – 0419 198 856
yes it’s very easy to find yourself running with the herd.
Extensive list of ‘Off The Plan’ property available for sale in Perth.John – 0419 198 856
Mandurah is looking very cheap – those waterfront properties will only serve to pull the rest of the area up. It is all very undervalued compared to further south e.g. busselton, dusnborough and we all know what a drag it is to have to drive 4 hours to a holiday home when you could permanently live in the same sort of place in Mandurah.
Resources projects – the deals on the table will be the next major boom for Perth. There is huge growth yet – the new satellite city of St Andrews has to be testimony to the fact that there is no sign of growth slowing for many decades.
If you tried to rent your property in winter I hope you only let it for 6 months. The market is always slow now. The new rush for housing that starts today should be interesting… by first home owners shifting from rentals to their own houses will push house prices up and see rents drop further, creating further dichotomy. I can only guess this will see reduced investor activity which will put a brake on it until the market finds equilibrium.
Extensive list of ‘Off The Plan’ property available for sale in Perth.John – 0419 198 856
sorry for the delayed reply… just have a talk to a few conveyancers about their experiences with it and see if they come out with any horror stories. I only adopted my anti stance based on the discussions I had with my settlement agent. I am sure that 99% of them go fine, just hope the 1% doesn’t happen to you. Just trying to think of an example… say you have a contract to buy the property and spend $20k on renos on it whilst waiting for it to settle, then the sellers who are a married couple get divorced in a bitter dispute and a caveat is placed over the property pending a resolution. maybe that could be worked around but its off the top of my head! or you do the reno, then you lose your job unexpectedly and when you tell your bank they decide (despite having given you unconditional finance approval) that it will withdraw its finance offer (yes they can easily do this) and it is no longer going to finance your purchase.
Extensive list of ‘Off The Plan’ property available for sale in Perth.John – 0419 198 856
it is one of the key ingredients to neg gearing! definitely use it if you can
Extensive list of ‘Off The Plan’ property available for sale in Perth.John – 0419 198 856
I just posted this link for another thread in General Property but I think it is very relevant here as well…
http://smh.com.au/articles/2004/06/27/1088274624058.html?from=storylhs&oneclick=true
Extensive list of ‘Off The Plan’ property available for sale in Perth.John – 0419 198 856
this is a great article too:
http://smh.com.au/articles/2004/06/27/1088274624058.html?from=storylhs&oneclick=true
Extensive list of ‘Off The Plan’ property available for sale in Perth.John – 0419 198 856
A good point is made that it is the renters that are effectively being discriminated against, but then again with all the tax cuts given to property investors to over supply accommodation, I would say that rents are artificially held at about half (perhaps even less) of what a balanced market would set them at.
the day will come when the govt cannot continue to justify spending tax revenues to help people buy their first home. it may come as a shock to many (as it is ingrained in our national psyche)that the great aussie dream is a ‘dream’ not a birth right. as discussed on here before, I am sure that we will end up in the situation where families pass their mortgages to their children and people take out 10 year residential lease and so on. it really won’t be the end of the world!
Extensive list of ‘Off The Plan’ property available for sale in Perth.John – 0419 198 856
this makes sensible reading….
http://www.ipa.org.au/Media/mnhs271203.html
Extensive list of ‘Off The Plan’ property available for sale in Perth.John – 0419 198 856
” poor short sighted economic policy (FHOG to cover their a##e after GST slumped the blg induustry)”
Huh? what’s short sighted about replacing a complex wholesale sales tax that no one understood with a simple one rate transparent GST? (which also rebalanced the previous skew from consumption of goods to that of services which was very unfair). It would hav been fairer and easier if the minorities hadn’t forced a bunch of annoying and hard to administer exemptions through. The FHOG was just a bonus for home buyers and a real boost to the building industry – a transitional financial assistance.
the real soft option is in not abolishing: negative gearing (replace with quarrantined losses), stamp duty, CGT 50% reduction. Clear out all this rubbish and re-create a balanced market place.
coloured dirt – it doesn’t matter what it is as long as we sell something. but with our pathetic population levels it is hard to build an industry that is much more advanced. all we can do is keep ploughing big bucks into education and hope that the future generations prefer the beach to the money on offer in London and NY so that they’ll stay and hopefully create some wealth generating industry. Until then breaks on property taxes will continue to support building as a major industry and it will continue to be the case that the brick layer earns more than the architect who designed the building. It just depends how we can hold an equilibrium between supply of houses and people to live in them. The down sizing of the average household is clearly another lucky card for the real estate market and hence economy as a whole. When the boomers start dying in 20 years or so things could get inetersting – who will want to buy all their shares and property?
Extensive list of ‘Off The Plan’ property available for sale in Perth.John – 0419 198 856
