Hi everybody,
These are certainly very interesting times. I know for myself, if i am unsure about something my best strategy is not to act but sit back and watch and learn .
Which is why i love this site so much . I do have a few thoughts as to my next move though ….
one strategy i am considering at the moment is to temporarily get out of…[Read more]

Hey everyone ,
Great new site, love the changes!!
Scotty this is my doom and gloom plan… I am dumping extra money into all my redraws so that even at 10% i still have the same re-payments i have now. All my loans are IO, but i make my payments at the calculated P+I amounts,(go loan calculators!) so this way i still have a lower minimum…[Read more]

Hi Philip,
I have done a fair bit of re-organising myself lately, it sure can be a bit of a financial juggling act when it comes to multiple properties!! And now that i have 5 separtate loans i have had to change a few things to make life easier ….. I had my property manager direct credit the rent into the corresponding mortages, and i changed…[Read more]

Sorry that should have read
“i changed all of my addresses over to the second knowing that the first would be rented”

i hope that makes sense now ……

Hi everyone ,
Just on the PPOR and CGT stuff , how does this senario stack up ….. i have three properties and i need to sort out the “structure” of. One i have lived in for 10 years , which i want to keep and rent. The second i bought more than 12 months ago with the view of renting. I have nearly finished renovating this one and due to a…[Read more]

Kevin,
http://www.homehunter.com.au/calculators/stampduty.asp
here is a stamp duty calulator i find quite useful , it also calculates the stamp duty on the loan amount, and allows for different states having diferent rates. I hope this helps.

RABBIT

Yep Mel, there is only so much you can rent you can charge for any property. But for me that is only a part of the equation. When one lot of tenants move out i always spend a well planned out week or two to lift stakes a bit higher.I am up to new blinds and a dishwasher on one property. I figure, i am not only increasing the rent but also…[Read more]

I don’t know about carports, but i just put in a shed for one lot of tenants (they had heaps of stuff to store), cost $273 and i put it up myself . I increased the rent by $10 a week.
And in another one of my IP’s there was no off street parking but room at the front to put a drive way in . So i applied to council for a permit $70, and paid a…[Read more]

I have been wondering about this subject myself …. my low doc status limits which postcodes i can buy in , but there is a few properties i have been looking at both in Tassie and rural Vic . I was wondering if buying outright from existing equity, was one way to get around it. Mind you i would want to be fairly sure of a good +ve return to do…[Read more]

Hmmmmm , very very interesting stuff , i am also thinking of building something in the next year or so with different but similar thinking in mind… ESD (environmentally sustainable design). I have two possible sites already . Might be worth exchanging emails for future reference. What is your address?? Good luck rabbit
BTW love Yoga
but might…[Read more]

I know one who is in Geelong who is brilliant .. he is in Melbourne a fair bit also . He has a background in finance, and is pretty clued up on IP’s … what’s your email addy??

Yeah ZIZ,
i am definitely going to try to hold onto Prop 3, the tempting bit is selling it will wipe out 2 of my loans which would be nice,money to poor straight into the new venture in Ballarat …..(no CGT, or so have been told as i have been calling it my PPOR for the last 6 months while i have been working on it.) I’m sure i will have more…[Read more]

BTW ,
i was wondering how the ATO would deal with someone that was didn’t have a PPOR , ie was living BETWEEN properties??? Which i have been doing lately so i can renovate in between tenants.

I wonder how would they see me if i firstly moved into the main Ballarat house, then built a second cottage and lived there only when the main house was…[Read more]

Thanks Shaun, and REDWING. I will check out that book too . All food for thought .I am toying around with the idea of developing next . The fouth IP is in Ballarat on two titles, with a big victorian character house on one title, vacant land on the other . My idea is this ….. to build a second dwelling (or find a house for removal) on the land…[Read more]

Hmmm .. i have been battling with this subject myself . My mortgage dude who has a finance background tells me that all my loans are claimable as they are all low docs and HAVE to be for investment purposes ….. but my accountant has a different opinion and keeps telling me that my structure is wrong . I must admit i am a bit confused as to the…[Read more]

Geelong, 45 min from Melbourne were i have bought 3 IP’s. My 4th , the latest purchase is in Ballarat, where there is currently 12 new families settling each week .

Hi livi and others,
I was driving around my home town of Geelong today and i couldn’t help notice the huge amount of properties on the market. This last week in particular has seen a lot more signs gone up. It’s amazing how quickly (and badly) renovated some of these properties are. There will surely be good buys to be had with vendors wanting to…[Read more]

On the “bubble” subject , there was a very interesing interview on this morning’s business Sunday program on channel 9 in Melbourne with Macquarie Bank’s Bill Moss. He disagree’s we are in a bubble . Here is a transcript if anyone is interested …….
http://businesssunday.ninemsn.com.au/BUSINESSSUNDAY/INTERVIEWS/STORIES/STORY_1997.ASP

I have…[Read more]

sorry cornel…
my email addy is [email protected]
cheers cathy

C
Hey Cornel,
Email me and i will give you the name of my broker, i have done pretty well with his help . Cheers Cathy