I purchased a property in San Francisco in 2001 when the dollar was AUD$53cents. The property has grown 150%. I manage it myself. US properties have no stamp duties when you buy but have annual property taxes u need to pay which can be a burden. Problem with purchasing in US is you need to follow the Aussie dollar closely because if AUD goes up…[Read more]

Land Tax = Rip-off tax.

If your planning to be a multiple property purchaser look out for the dreaded Land Tax in Qld – absolutely ruthless! I’m deciding to sell because of it.

Just out of interest, how does an IP get exempt from CGT if it’s been an IP for less than 6 years? An IP property is never exempt from CGT unless it was your actual home.

Mate, you can sell for whatever price you want. I know NSW is known as the nanny state but this is ridiculous. There are no laws/requirements to sell at a certain price. Sometimes people sell for allot less than the purchase price. It’s called ‘a loss’.

When I purchased my 1st house back in 2008, I remember the agent telling me the last time it boomed on the GC, properties were going up $50K p/month and he found it difficult to price his listings. I asked him why it boomed and his reply “I don’t know”! There’s no reason why GC should not be booming right now. If you sold your home in Sydney now…[Read more]

5% – 6%

I purchased 3 x houses in 2008, 2009 & 2010 on the Gold Coast (Ashmore). Yes great rental return but absolute crapppppppppp growth. 3 most important things in real estate investing;
1. Location,
2. Location,
3. Location.
The Gold Coast is none of these!

My properties have grown less than 10% in 7-9 years.

I’m one of these buyers. I was a buyer of a unit in NSW that was previously sold off-the-plan and then on-sold to me with an amount of cash given to the seller, as you say ‘under the counter’. Just because someone is paying in cash it’s up to the seller to declare this cash and maybe they do. The seller I dealt with was a business man and he…[Read more]

I currently have 6 home loans that I live in with 6 different banks. I’m not lining the pockets of those friggin banks, they make enough money from me thank you!

Sell back to the developer and move on. You will always have water problems in the future being on the wrong/lower side of the street. If you try to sell it now, you probably have lost more $$.

Fixed rates – the banks always win! They know more than you before you are even told about it!

Who forgets to pay 2 years of levies – porky’s! Amnesia is not a good defence.

Same thing happened to me when I tried to refi, except my wife & I happened to break-up before I put the application in. She moved in with her mother. And guess what after the refi was completed we magically got back together – go figure!!!! Beat them to there own stupidity.

The funniest post ever. 2.12% return. I just have to laugh Greg – in a polite way.
My response:
Your dreamin,
Your 1st problem is Brisbane,
Your 2nd problem is Property Purchase price of $220K – your dreamin!
Your 3rd Problem is Property investing in Oz is a long term investment if you want to make $$$. Even if you make some profit the ATO will…[Read more]

Hi Pollyanna,
You bring up some very important points to novice investors. I am a long term Property Investor (30yrs) and the advice given on IO loans is daunting at this time, however 20yrs ago it was a standard thing to do and without a thought.

Something that is being pushed by so many lately is this Cash flow positive properties vs capital…[Read more]

Property- divorce = trouble. I have been through a divorce and a break-up (defacto relationships). It is an absolute nightmare when you own multiple properties. I had properties in my own name, Company, trusts including discretionary & Unit trusts and SMSF. It does not matter in the least who’s name they are in and/or who owns what. Literally…[Read more]

Too personal, keep relationship professional. Maybe send a Christmas card. No matter how good a landlord is, it always falls apart at the end if something goes wrong with the bond claim – ALWAYS!

That’s funny all my commercial leases have CPI too, but minimum 3%. Strange your lawyer did not stipulate this in the lease.