Thanks for the replies guys.In terms of investment – growth. Which one is better? A house in west suburb (Sunshine) or an apartment in east suburb (Hawthorn). I'll give some concrete examples:Sunshine house: http://www.domain.com.au/Public/PropertyDetails.aspx?adid=2006916089OrHawthorn apartment:…[Read more]

Bugger! They are smarter than I thought

So on what grounds I should or should not get a QS?

1st thing to do is talk to your bank mortgage specialist. Explain your situation and needs. He will assess you then give you an estimate on what sort of price range you should be looking for.With that information go browse http://www.domain.com.au/ http://www.realestate.com.au for the location of your choice. See if the one you looking for suits the price range…[Read more]

Hi Thanks for the answers guys.Can we learn to calculate it ourselves? Or we basically need the QS otherwise the depreciation we claimed might be rejected by the ATO?

Oh now i get it. thx rad. i was just panicking "omg they put a trick on a newbie"

Any lights?

Yes Beginners that is my understanding as well. You can treat it as your PPOR without the need for you to actually move in to the property.

When I was making that post I was looking at this http://www.domain.com.au/Public/PropertyDetails.aspx?adid=2006874220130K is the asking price. You may deal it 5 – 10% lower the asking price which will make the rent rate to be 11%Also it is 10 years projection. If it is longer then growth will win. And if it is only 5 years, hands down to the apartment

My mortgage broker offered me few; ranging 75% – 60%. Higher LVR attracts higher interest rate. I chose the 60% one. My total outgoing is about $3000/year ($500 council, $100 water, $2400 body corp).

Unilodge does have a bad reputation over the years. However I bought one there and live there currently. It is far from my dream home but for what it is worth that is pretty much what you get.With the limited income I only have few options:1. A house in a good suburb but 60 mins away from the city2. An old house in not too good suburb but only 15…[Read more]

Terryw wrote:
You need to live in it first, as Tony mentioned, but the legislation does not give any minimum time frame that you must be in it before moving out

VStar wrote:
Hi, I'm guessing from your info you're based in Perth. For FHOG requirements you must live in it for 12 months from settlement date Check it out here – http://www.dtf.wa.g…[Read more]

Hi Paltsi,Welcome! I'm new too

I'm interested in that ITAA. Can someone help re-write it for me in plainer English? I read that a dozen time cant seems to get my head around it

Interest only option is usually chosen when you just basically buying time than buying the property itself.If you think the property growth over years is higher than the amount of interest you pay during the time then interest only option is good.But if you are planning to own the property one day then paying principal early on would be better.If…[Read more]

Good question I've been wondering this myself too.

Main objective is you PPOR. If you can manage the min mortgage then do not sell it. Looks like a good growth and nice rent as well.Do renovate though. That would attract more renters and possibly higher rent rate as well. So your cost on renovating is not a loss.If the income from this property is not enough to help your PPOR then maybe refinance.…[Read more]

Ah Thanks. So what is the idea behind this negative gearing strategy?Negative gearing basically is only more profitable when the growth of the property is higher than positive gearing property right? or is that more into it?

While we are trying to know how exactly he did it, do not expect to copy his method on today practice and still achieve the yesterday result.The forum is free and the book cost doesn't include a tutorial session. Still trying to learn from him and calling his book crap is not a very good method of learning.It is too good to be true to invest in a…[Read more]