Hi Jeano. I'm interested in chatting with you about property in Alice.
But I can't send you a Private message. If you don't mind can you PM me. Thanks

Buy under market and increase equity and yield by doing a reno. It's working for me ATM so I'll keep doing that.

If you are happy with a negatively geared property go for it but don't delude yourself into thinking a property is something it's not. 

But it's not "really" positively geared" is it? No You are just fooling yourself that it is. The deposit you pay doesn't come from nowhere. Even if you had it in a bank account you can get 5% interest on it. So you haven't factored the loss of that money.

If that was the case then all properties can be positive geared.

My definition of a positively geared property is one where the rent is more than EVERYTHING I paid.

ie purchase cost, stamp duty, solicitors fees, bank fees, rates, strata, reno. 

My last few purchases are negative by less that $30pw from day one. In Sydney so you don't need to buy in the back of nowhere.

They will be positive taking into account depreciation.

I get where you are coming from. Lots of reports of projected CG just mirror what's happened in the past and this isn't always correct as there are many influentials.

It's not just the long term growth you look at.
For example if the next suburb over had a high CG over the last 2 years but your target suburb hasn't maybe it's due for a correction so might be a good place to buy.

Is clinker those fake bricks on a sheet?
If so remove it and re-gyprock the wall. Much better result. Not difficult.

Are they on the outside as well? Rendering looks great. Not sure about over the bricks. I'd get someone out to ask about feasability.

See you in about 20 years then.

It can be confusing with all the different strategies. You have the right idea with reading lots and getting your head around it before you start. Keep reading and asking questions and when you are ready you'll know where you are heading and what to buy to get you there. That's a lot more than your average property investor. Most buy an IP to save tax. Most people buy and sell their first IP within 5 years and never buy again because they don't do what you are doing. Well done.

In the past I have never seen value in spending money on an old kitchen as new ones are so cheap.
But I recently changed my mind with my last purchase.

Kitchen was in good condition but doors were an ugly colour. I didn't want to replace now so I painted the doors and put on new handles.
Turned out great.

I'm thinking over time the doors will scratch but I will replace eventually. I wouldn't be spending any decent amount on buying new doors though. But it really depends. With new doors will it look near new or just like a done up one? That's the difference. If it's a great benchtop and good layout go ahead. But if you will still need to replace it down the track take that into account.
My only cost was the undercoat ($30) but I've got most still for another job plus handles $20 set of 10 in Bunnings. They weren't that much different for ones selling for $5-8 each.

I understand where you're coming from I just don't know how legal it is (from RPdatas viewpoint.

Why don't you join one of the shared subscriptions? I think you get 5? logins and you share the cost.

Is that legal?

Otherwise why would anyone pay direct. We could all sell reports. I could do them for $15/ $10/$5. Maybe we could have a dutch auction.

You said you are going to sell your PPOR THEN move to the new one. In that case you pay no CGT on either as you only have one at a time.
BTW you have up to 6 months overlap in case the PPOR doesn't sell straight away.

When claiming the second (new land one) questions may be asked. It needs to be your "intention" for it to be your PPOR. Moving out so quickly there may be questions as to whether it was really purchased for profit, not to live in.