I'm a noob investor but I DO love my spreadsheets! The decider's for us:We wanted to invest close to home but its hard to find cf+ properties in perth metro and we are too busy.One of us pays a lot of tax so we could benefit from a negative/neutral geared property with some capital growth potential.We wanted to make both scenarios work.We did our…[Read more]

I am in Perth and I got great advice here: http://www.bantacs.com.au/QandA/index.php?xq=386Julia Hartman is so knowledgeble in this area and she got back to me very quickly. You can judge the quality of answers by looking at previous questions.It's the best $60 I spent in a long time. I don't know what you normally pay but I've never walked out of…[Read more]

PropertyMonopoly wrote:
Hi Caz,As jmsrachel mentioned, a reasonable cost would be in the $10-$15k range for a new kitchen excluding appliances. the cost depends on the size of your kitchen, eg how many cabinets are required as you realise big kitchens need more cabinets and more bench top and it all adds up. Other cost factors are finishes, eg…[Read more]

antheap wrote:
Hi Caz, I would highly recommend TS McMahons auctions in wangara. I did a full kitchen reno a few years back. I now have a solid stone bench top, & a enamel sort of coating instead of laminex on the cupboards. They all come ready made, you just bolt them to the wall. you do have to have a good imagination on how it will fit in…[Read more]

I did a reno with that veneer paneling and hideous 70's wallpaper. Sanded it all down made sure it was all sound (pvc glue in the areas that needed it), Painted with oil based undercoat and paint in a light colour and it looked fantastic. You can also fill the grooves in veneer and joins in wallpaper and sand back to smooth if you want to. Not…[Read more]

Thank you GregWe are now in the top tax bracket so looking for future capital growth, with the best tax breaks while we hold it. I've not seen another NRAS opportunity advertised in Perth and I'm wondering where one does find them.

Thank you TerryI'll make a note to take to next meeting with accountant.

My first IP had beautiful Jarrah floorboards but they were covered in black stuff under the layers of lino and carpet. After some experimenting I discovered that the stuff only extended 18 inches from the skirting and  was soluble with metholated spirits it then washed off with water. I did spend a few days on my hands and knees but at least…[Read more]

My partner and I have just started a discretionary trust with ourselves and our daughter as beneficieries. We have started a business and the income from my husband's share of work in a newly signed contract would otherwise be second income for him and attarct the highest tax rate. I work as a principal in the business but as yet have not brought…[Read more]

Just my 2 cents worth on "wood" flooring.We had the floors in our own home covered with the vinyl strips that look like wood but are less noisy than laminate or floorboards. They are warm and soft under foot and very hard wearing, also water proof, and look great. Cost less than a similarly durable carpet and damage is easily replaced by the strip…[Read more]

This discussion makes me wonder if Perth rents are too low. I've been looking to buy something under 300k that is at least CF neutral and not having much luck. And yet there is a lot of talk locally about the lack of affordable rentals and the difficulty of renting a decent home. Makes me wonder if Perth rents will rise higher sooner rather than…[Read more]

Interesting. I just posted a question about this scheme in the help topic. I am not sure how this scheme can be an advantage to small investors looking for just one property. Can you explain how or else let me know if its not worth considering on a small scale.ThanksCarolyn

Any chance of a snapshot?

Thanks SonyaI've been looking at the pitfalls and what can go wrong and I guess we need to take off our rose coloured glasses. I've been seriously looking at the granny flat idea and we think it would be a reasonably good solution to have one put in. We can have an agreement drawn up about the assets division and I can move into the granny flat…[Read more]

Thanks Tuff-ETI work part time and I am self employed so I'm not the best looking borrower on paper but I know there are ways of doing it.I was looking at the property again yesterday, it's a huge block with several garden areas and has a powered shed on a concrete slab the size of a one bedroom unit. Fortunately there is no rush for this…[Read more]

No answers to this? I thought the people on this forum would be creative and have ideas how we can achieve our goal.