Hi Lobby,

Not a silly question at all, as there are numerous ways to make money through realestate, and everyone has their own opinion of what works best for them.
In terms of capital growth, you may not need to sell in order to access your cash. You can redraw any equity you have built up, and use that to fund your lifestyle. This strategy only…[Read more]

Its your property, do whats best for you.

I know good tenants can be hard to find, but sometimes you just have to look after number one.

Serve the vacation notice, do the reno, and lock in your increased equity when you inevitably sell. Sounds pretty straight forward, and it seems from your post like your leaning that way, maybe you just need to…[Read more]

Might as well keep this one going…

Me and partner each have a car, both paid for outright.

Hers: 1992 Hyundai Excel 5 door hatchback bought for 2K. Complete with 12inch rims and bonnet dents from when the latch let go on the highway at 80kmh!! Had to replace the windshield after that one as well…

Me: 1993 VR Commodore Wagon that I thought…[Read more]

Must be an overseas loan? Some Asian country’s banks have incredibly low interest rates (by our standards).

Or else a typo (7.5%)???

Wow, I’d forgotten I posted this last year!!

Well, actually a lot has changed since this was first posted Lobby.
My partner and I did end up buying a PPOR (technically anyway), but it was bought much more with investment in mind.

We ended up getting a place for 368K with a loan of 350 (95% LVR). We saved up 34K oursleves but stamp duty and fees…[Read more]

Hi Daniel,

Quite a recent one here. Perths booming CG has pretty much negated it, but it was a mistake nonetheless.
Trying to rush through a 18 day settlement with virtually no contacts (thats 18 days TOTAL, not working days). The vendor had other offers and we thought we had to offer that to make ours more attractive. In the end, we offered…[Read more]

Hi Arthur,

The R-Code technically refers to how many dwellings can be placed on a 1.00 acre area. ie. R-40 = 40 houses per acre, or about 250sqm per lot. That means if you have a 900ish sqm lot, you “could” put a maximum of 4 villas/townhouses on the land.
As purplekiss said however, this is the maximum, and subject to other conditions by the…[Read more]

Hi Lyndon,

I can empathise with your situation, I am currently living/developing about 75min away from my work and its a bit annoying to say the least. Especially with petrol prices at the moment!! [crying]
The thing is, its my work that is actually in an inconvenient location (Kwinana for those WA folks), rather than the property which is in a…[Read more]

Hi Tim,

Thanx for your insights. We have just settled on a house that came with a monitored alarm system. We paid absolutley no extra on the property deal for this (ie the previous owners would have added no value through this feature). However, now my partner and I have to decide whether or not to maintain the contract with the security company…[Read more]

Thanks for that flatout,

That was very inspiring. Seriously. In terms of goal setting and seeing a long term plan come to fruition.

I can only hope that our plans flows as smoothly as yours did.
We (my partner and I) are planning on having a family in about 4yrs time, and we have agreed for this to happen, we wish to replace her income with…[Read more]

Thanks Derek,

It will be good to hear how you go. Please PM me if they are the real deal and I will send my business their way.

Im still actively looking for a clued on accountant![specs]

I was watching this post with interest hoping to see some more replies.
Surely there must be more investors in WA that are at least resonably happy with their accountants.
I kind of “inherited” mine from my parents, and he is much more interested in reducing my taxable income than discussing PI. Not that there is anything wrong with this, it would…[Read more]

Hi jac dow,

This is exactly how me and my partner were able to secure a loan for our first property. We saved about 30K but most of that was eaten up in nasty stamp duty. We ended up with a 5% deposit (95% LVR) with 20% security over one of my parents’ places, which gets released when we reach 20% equity as Terry mentioned.
Servicabilty on the…[Read more]

Hi Wallace,

We may not be up to the level of Still in School, but my partner and I are both in our early 20’s.
In terms of investing, despite the fact that both of us had a very keen desire to invest (particularly in property, but we have a modest share portfolio as well) at an early age, the best thing we decided to do IMHO was invest in…[Read more]

Haha,
I would really like to bid for a block in Wellard, but I have a few other things on my plate (read: budget) atm [biggrin]

Definitely great CG prospects though!

Good luck Aly

Hi Aly,

kp is right about the zoning of the Lancelin block, check with the Local Government about the R-Code and whether any rezoning is planned. If you can subdivide into 2 or more blocks, that would be the one to keep and develop.
Otherwise, I would say hang onto the Wellard block. This area is still booming, even more so than the greater Perth…[Read more]

Hi Redwing,

Thanks for the encouragement!
Yes we still pay CGT on the back block, back it is discounted 50% after 12 months from purchase of INITIAL un-subdivided block, and CGT payable is calculated on proportional value of each block.
It took me a little while to get my head around that ATO rule.

Medium term plans are to keep the front house…[Read more]

Hi Andy,
Sorry I cant help you, but I would also be very interested in hearing if anyone has had a good experience with help setting up trusts in Perth?

You just snuck your reply in before me Daz.

I completely agree with what you said!!

Hi,
I generally agree with the above mentioned points. However, I feel you may be missing a creative compromise.
The family home can also be an investment. If you do your research you may find that it is not a black or white decision, and the PPOR can be treated by you as an investment also.
My partner and I went through this decision process only…[Read more]