Kristy,

Welcome to the site.
Maybe it’s a good idea to introduce ourselves whether we are on this site to learn or to offer services.
Like you, I am here to learn and hopefully help others along the way. I am an accountant working for big companies but not to individuals. Hence I am also learning the ropes of property investing.

Answering your…[Read more]

Hi Chris,

I understand your eagerness to start again. Everybody who has played snake & ladder board game knows how strong the desire to get on to a ladder when we are dealt a major snake. But by the same token, it is even more important to avoid another snake.

Putting my self in your position, these are the things I would consider:
1. There are…[Read more]

Hi Emma,

Welcome to the site.
I think you are very good with your analysis. Although the area is only half the story. You need to find the IP you like and then think about its potentials and performance thus far. Again, firstly location location location and secondly, you make your money when you buy not when you sell (this is because you don’t…[Read more]

Hi Chris,

Interesting question you have there. Ultimately, the only person who can decide is yourself. Seems like your risk appetite is bigger than mine. I personally wouldn’t do it as my stress level threshold is quite low, I cannot bear the thought of a demand for payment letter coming through my door. I keep a close eye on my debts, making…[Read more]

Hi Vyaw,

So the properties overall are positively geared and you are paying even more tax?
I obviously don’t know your situation, but if I were you I’d definitely buy again especially if I am only 29 yo. And at 6.6% the new properties are also positively geared – my mortgage is at 4.28% so 6.6% is awesome return.

Why is a debt of 1.2m too much?…[Read more]

Hi Kerky,

Welcome to this site. This is certainly my favourite haunt. So welcome.

I suggest you keep on searching because it gives you more knowledge and confidence of the market. Initially it is confusing, but eventually you get a feel of the market and either your idea of a house in regional areas will firm up or you change idea ie. a flat in…[Read more]

Hi Kerky,

Welcome to this site. This is certainly my favourite haunt. So welcome.

I suggest you keep on searching because it gives you more knowledge and confidence of the market. Initially it is confusing, but eventually you get a feel of the market and either your idea of a house in regional areas will firm up or you change idea ie. a flat in…[Read more]

Tracey, no worries, the more the merrier.

Terry, many thanks much appreciated. I will contact you trough your company.
err.. which one do you prefer, the Loan Experts or the Property Tax Solutions, please?

Thanks,
Catts

All, thanks for the input. Much appreciated.

Terry, would be grateful if I can have your essay on company please. Or is it in this forum? What’s the title please. Hopefully I can search it.

The company address: I wonder why this is needed when virtually all correspondence with ASIC and ATO are via email.

Thanks,
Catts

Corey, thanks for the input – much appreciated.

Thank you crj and Terry.
I had decided to look to Brissie, but now changed my mind.

Many thanks,
Catts

Ben,

I totally agree with you. It all depends on our strategy.
My strategy is to hold long term and rely on my strong personal cashflow, hence I am not too concerned with CGT and equity.
I am more focused on low purchase price, rental return, low maintenance and location, location,location.

So I select a few post codes with robust price…[Read more]

@DeanCollins – Sorry, but would you please elaborate how the government steals money by way of inflation?

Inflation is caused by all sorts of things / people increasing their incomes, fluctuation of AUD exchange rates, supply and demand impacting price of goods & services, etc, etc – all ups and downs are summed up and are usually causing…[Read more]

Hi Weatjess,
 
Firstly, the situation you are in is Negative Equity, rather than Negative Gearing. Both can happen to a property and at the same time.
My suggestion is to find a property agent who is willing to let the property by the room. So Letting is by room rather than the whole house. Good location usually means students or, like Long John…[Read more]

Emails can be changed, for example you can make changes before you forward / print it. Email address can also be fake and some email addresses are from free accounts like hotmail, etc. If it is on paper, you have address, name and signature. Plus nobody can make changes without somehow damaging / leaving marks on it. This is also why emails are…[Read more]