Hi DeeJust an expansion on something crj mentioned. An excellent way going forward is to develop at least five solutions BEFORE you evaluate any of them. The question you have asked about "is it good or bad" is not a bad question but really a better question is " Is it the best solution you can come up with?" Why not think up some others to…[Read more]

Hi JohnThe first and most obvious way is to find a similar (in size and location) block of land without a house on it. I suggest realestate.com.au but remember the asking price is likely to be higher than the eventual sale price. If you have access to better data eg http://www.pdslive.com.au you can get a good idea by comparing properties. Mathematically…[Read more]

Hi CameronJust a couple of quick notes. 1)  I don't know Richard and am not associated in any way except that I've seen his advice on the forums for several years now and I can tell you he knows his stuff and is usually willing to share.2) I'm not sure what you mean by "I got well screwed by the bank" but every deal can be renegotiated- get…[Read more]

Hi HoloHere's another strategy you may wish to try- I can't tell if it's any good for you but you should be able to tell:-Keep everythingRent out your current PPORRent a place to live- maybe even try a few to ensure you like where you go before you buy in againCheers

Hi holoJust adding to propertypower's comment- you need to be a bit careful how you change the balance since just borrowing more on your IPs to pay down your PPOR debt would usually NOT make the interest deductible.Cheers

You’re welcome Jenny

Glad I could help.

Cheers
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Hi Julie

These booklets may help
http://www.bantacs.com.au/booklets.php
I haven’t looked for a while but BANTACS used to contribute to this forum

Cheers
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Hi Tamtam

It is inherent in the previous replies but may not be obvious to you that “government subsidised ” is NOT the same as ” government guaranteed”- I suspect that if you have vacancies you will not receive rent- ie the government does not guarantee the rent at all like they do in say Defence Force homes.

Hope this helps
Cheers
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Ally

I suggest you talk to a solicitor – if the contract is currently as you say and you transfer to a nominee you may be up for double stamp duty. If your vendor is willing you may be able to replace the contract with a new one that has the final names you want on.

Hope this helps
Cheers
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Hi All

I’ve seen valuations in a flat market where listed in the comparative sales is the subject property a few months earlier at hundreds of thousands less.

All valuations are not the same.

Cheers
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Hi Gavin

You can ignore my first post – it was about Company title. Ups.

Cheers

Hi Gavin
This might help

http://www.lsc.sa.gov.au/pamphlets/strata_and_community_titles.doc

Cheers
Battleships
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Hi Tamtam

If your $20 per week is a margin above the variable interest rates as it is with wraps- your $20 is not affected except that your client will have more to pay so you will be more susceptible to walkouts.
To do these takes a bit more than just casual observing and it also needs the right market conditions- but as Steve has proven it can…[Read more]

Hi Sparky

I would think a town planner would be your first port of call for a DA- either a paid one or you can probably get some insights from the council’s planning dept if they are big enough to have one.

hope this helps
Cheers
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Hi Danny

It’s a bit late now but there are alternatives to just using the big stick approach. ie good management
eg inexpensive incentives
eg employment and contact details being kept up to date
eg Landlord insurance
Maybe they would like to pay a little extra each week now so if they get in trouble again it will be covered for a while?
Hope this…[Read more]

Hi Gavin
My guess LTO= Local Titles Office.
Some thouughts on title- Community titles (I think)are linked- you can control who your neighbours are..- could be an advantage-BUT your neighbour can decide who you can sell to also.
Hope this helps
Cheers

Hi Jaffasoft

I know it was mentioned previously- however the most significant omission I think is the GST in and out-it is a make or break item- some of the others are costs etc but not critical.
Cheers

Hi
One you might try is Destiny Financial Solutions which is associated with Margaret Lomas. They certainly have a property focus. Ask for Nigel. I can’t recommend them only because I haven’t used them – Margaret certainly seems to know what she is talking about and backs it up with her actions.
Cheers
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Thanks all for your contributions and advice.
The total was just under $300K and I paid 2.42% so that seems ok

Cheers
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Hi all

Another site with lots of various money saving tips (and a free newsletter)is
http://www.cheapskates.com.au

Cheers
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