I glanced over member equity, but unless you are a member of certain super funds, you do only get their normal rates, which are competitive, but nothing special.

I would consider the following things:

– How much money can you make in another job. If you go back to a $1,000/week job, it is probably not worth it.

– Can you see yourself achieving your financial goal quicker if you leave your job.

– Is there a danger of the house prices falling because the work/land situation may change.

Without more…[Read more]

I totally agree with Sanjiv.

It is especially important to look at what stage the property market is. We just had a big boom, so I believe it will be a while until we get the next upswing. Why carry a draganchor if you could have a spinnacker.

As the market moves closer to another boom, you may consider selling your cf+ properties for…[Read more]

Yes, but Steve does not advocate to buy in the capital cities.

First of all did you read his 3rd book (0-260 prop in 7 years or an earlier one?). I believe his 3rd is the most relevant to the current market.

Stve started in Balarat, moved to Tasmania, New Zealand, USA. I believe he is now back looking in Balarat but with a slightly different…[Read more]

Hi Bisho,

this is a discussion forum, not a sales campaign. Most people on this forum understand that land packages are seldom the way to get a good deal. Somebody else has already made the profit in the project.

I do not mind if Richard offers his service, when somebody asks specifically for a good MB. But he has already posted over 2000…[Read more]

Another thought. If you rented the place and had a room in it for yourself (even if you mainly live somewhere else) there should be no rule stopping you from subletting (subject to the contract). And once you can convince your landlord of what a good tenant you are, they may not mind if you move out of the room but still keep the rent going.

Nathan, could you enlighten us how you got ripped off. While I know to stay away from these gangster, I am not quite sure how they rip you off.

Nathan, could you enlighten us how you got ripped off. While I know to stay away from these gangster, I am not quite sure how they rip you off.

Did you buy the property in the hope of CG? Or do you want to build on it for investment or PPoR?
I think the important thing is that you have a plan and not just a wait and hope attitute.

If you do not think that the property will appreciate and you do not have an improvement plan, you would probably be best off to sell and cut your losses.

I…[Read more]

That depends on the wording in your contract. Go to the agents and ask for a copy of the contract to take home before you sign it. If unsure, consult with a professional (eg a lawyer).

And maybe the owner/REA does not care as long as the property stays in good condition.

That would be were your effort comes into it. Select good tenants,…[Read more]

My understanding is that there is no clear length of time. You must have lived in the property for the whole time you owned it (if you had it renovated as soon as it was practical).

The tax office cites times of 3 month. It is all fairly complicated and you best look into it yourself on the ATO…[Read more]

A company does not get any CGT concession. You have to pay tax on the whole gain.

Income in companies is not differentiated as rent, CG, etc.
At the end of the year if the company made a profit you have to pay 30% in tax. You normally also have to pay GST of 1/11 of your total sales.

It is very important that you talk to your accountant about this.

I am pretty sure that this will only apply if I do heaps of these.

I will check it out with my accountant.

Many thanks for pointing this out.

A simple way around kylie’s problem. Get a sheet of plastic, cardboard, coreflute, plywood, etc. and cut it to the shape between the vent and the window.

Thanks, not what I wanted to hear so [angry2]

Thanks millions.

I do have a very knowledgeable surveyor and have already talked to the relevant REA and councils.

But I feel the more I know myself, the smoother things will travel.

I cannot advise you on the Hawthorn area.

Car Spaces are always a bonus. Eespecially if you plan to keep the unit later try to find undercover parking. Remember for most tenants their car is their biggest asset.

I coubt that 2BR will appreciate faster than 1BR.

Several things taht I would concentrate on:
– Look for an overall high quality…[Read more]

It would help if you would outline why neither you nor your mother can get a mortgage.

Normally you can get a mortgate even when on a pension or casual. A good mortgage broker can look at your situation and advise on the best possible approach.

Getting an investor may be possible. I think the idea of lending the deposit to your mum may be the…[Read more]

One point has not been mentioned at all yet.

A $400,000 property has closing costs of about $20,000.

I believe that you will really struggle to even purchase the property without granma’s money.

I believe you have to make a livestyle choice.

Either buy a PPoR and start to save money so that you can invest down the track.

Or use your $45,000…[Read more]

Comment to Kris’s (Krautcan) question.

I do not think that a good MB can negotiate a lot on the interest rate with the lenders. His/her job is more to find the best product for your individual circumstances.

Obviously low interest rates are important, but that is where the competition comes into play.

If we have a few IP we are much too little…[Read more]