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ChrisA1
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@chrisa1
Join Date: 2011
Post Count: 172
April 6, 2012 - 1:23 am
Some brilliant resources here, many thanks.
the idcommunity website is very detailed, and I think has done half my demographics research for me!!
ChrisA1
Persistence is 'to keep on keeping on, no matter how hard the going may be'
ChrisA1
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@chrisa1
Join Date: 2011
Post Count: 172
April 6, 2012 - 1:06 am
Josh
Reading previous articles on your blog and your comments above about ensuring the population has >30 000 people (and more than 1 employer I assume) as a sustainable investment area, you have favourable comments on Mackay. What are your thoughts on Rockhampton? Appears to tick many boxes with population, several employers, uni etc. However, you don't include Rocky in your trips/analysis??

ChrisA1
Persistence is 'to keep on keeping on, no matter how hard the going may be'
ChrisA1
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@chrisa1
Join Date: 2011
Post Count: 172
April 1, 2012 - 8:48 am
Many thanks Nathan
Looks good. The thing I like about the ABS data is that I can get trend information (e.g is the population increasing/decreasing etc..).
Cheers,
ChrisA1
Persistence is 'to keep on keeping on, no matter how hard the going may be'
ChrisA1
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@chrisa1
Join Date: 2011
Post Count: 172
April 1, 2012 - 8:30 am
Thanks Jamie
I was looking for demographics and employment/economic information at a regional level to target areas worth further investigation.
Cheers,
ChrisA1
Persistence is 'to keep on keeping on, no matter how hard the going may be'
ChrisA1
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@chrisa1
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Post Count: 172
April 1, 2012 - 4:19 am
Interesting comments Gloveboxinvestor and your comments provide a sanity check.
Any further comments from Portfolio PI?? You appear to have gone underground recently??
ChrisA1
Persistence is 'to keep on keeping on, no matter how hard the going may be'
ChrisA1
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@chrisa1
Join Date: 2011
Post Count: 172
April 1, 2012 - 4:14 am
Trawling through the archives on this forum, I found an interesting thread and commentary about mining towns –
https://www.propertyinvesting.com/forums/property-investing/help-needed/4337447.
Any further comments Portfolio PI, you seem to have gone underground lately??
ChrisA1
Persistence is 'to keep on keeping on, no matter how hard the going may be'
ChrisA1
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@chrisa1
Join Date: 2011
Post Count: 172
March 30, 2012 - 9:13 am
Hi Terry
Many thanks for the advice – answered my question exactly.
Cheers,
ChrisA1
Persistence is 'to keep on keeping on, no matter how hard the going may be'
ChrisA1
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@chrisa1
Join Date: 2011
Post Count: 172
March 30, 2012 - 2:29 am
Many thanks Terry
The can of worms is getting messier. Even if I pay CGT on the transfer of my ownership to my partner to allow me to claim CGT on my investment property (which I initially lived in), I am feeling that when we sell our current PPOR in 15 years time things could be messy since I claimed CGT benefits on a previous property (even though legally I wouldn't be the owner of the PPOR at the time of sale).
Cheers,
ChrisA1
Persistence is 'to keep on keeping on, no matter how hard the going may be'
ChrisA1
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@chrisa1
Join Date: 2011
Post Count: 172
March 30, 2012 - 1:43 am
Hi Terry,
Could you explain a little further please? Our PPOR is in NSW, investment property (my name only) is in ACT.
Cheers,
ChrisA1
Persistence is 'to keep on keeping on, no matter how hard the going may be'
ChrisA1
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@chrisa1
Join Date: 2011
Post Count: 172
March 30, 2012 - 1:37 am
Many thanks Terry…..
The ATO didn't come down in the last shower….. Time for the thinking cap. It has clarified my approach whether/when to sell the apartment…
Cheers,
ChrisA1
Persistence is 'to keep on keeping on, no matter how hard the going may be'
ChrisA1
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@chrisa1
Join Date: 2011
Post Count: 172
March 30, 2012 - 1:27 am
Many thanks for your comments, I am sure the ATO have this well covered!
So… to complicate things, what would happen if I 'sold' my ownership in our current PPOR to my partner so he became sole owner of our PPOR. I would transfer my ownership to my partner in our PPOR before selling my investment property – since I am taking my name off the title deeds, is this still regarded a 'sale' and therefore would I either need to pay CGT on the transfer of my 50% in our PPOR, or pay CGT when selling my apartment (since I sold the apartment after selling my share of my current PPOR to my partner)).
I would be looking to transfer my ownership as part of setting up a trust as well to keep our PPOR as far away from the investments under the trust as possible.
I would hope that 15 years of capital appreciation is greater than 5-6 (and therefore a bigger CGT bill on our PPOR)!
I realise this is getting into muddy territory…. glad the accountant's appointment is on Wednesday….
Cheers,
ChrisA1
Persistence is 'to keep on keeping on, no matter how hard the going may be'
ChrisA1
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@chrisa1
Join Date: 2011
Post Count: 172
March 30, 2012 - 1:04 am
Hi
I am also interested in the 6 year rule and the point that Dan made about only claiming 1 property as your PPOR confuses me.
I bought an apartment in 2009 lived in it until renting it from 2010, meaning I should have until 2016 to sell it and claim benefits under the 6 year rule. Since I have been renting the apartment from 2010, I have obviously moved into another house, my current PPOR, so does that mean that I can't claim CGT benefits on my current PPOR since I have already claimed CGT benefits on another property? We would be looking to move from our current PPOR in 10-15 years' time.
Cheers,
ChrisA1
Persistence is 'to keep on keeping on, no matter how hard the going may be'
ChrisA1
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@chrisa1
Join Date: 2011
Post Count: 172
January 22, 2012 - 9:15 am
Hi
I am going against the grain here and as a newbie investor myself, I have decided to enrol in a course for a few reasons. I have been reading a number of books over the past year and just found that I had information overload. As an experienced investor, you may be able to sort through all the messages, but for me, I found that one expert was saying one thing, another something else etc etc. By going through the course, I am able to get a few fundamentals in place to understand what each of the books are saying (then I can determine what method will work for me). The forum is a great place, but again, everyone is saying something slightly differently and being a very active forum, my head was spinning.
Alternatively, there is mentoring available, either Nathan Birch, Lomas (through her Destiny Financial Services I think) or the Results course where you can bounce your ideas off an experienced investor to ensure you are implementing what you have learnt correctly (and yes I realise these services are putting money in other people’s pockets but the alternate cost could be much heartache).

My 2c worth.
ChrisA1
Persistence is 'to keep on keeping on, no matter how hard the going may be'
ChrisA1
Participant
@chrisa1
Join Date: 2011
Post Count: 172
December 31, 2011 - 11:19 pm
Many thanks Emma and Denis for your checklists. Tools such as these provide a great starting point for newbies such as myself. I am beginning to feeling a little more confident about what to look for in a property (just need to hone my skills to make sure I purchase for the right price! – any ideas??)
ChrisA1
Persistence is 'to keep on keeping on, no matter how hard the going may be'
ChrisA1
Participant
@chrisa1
Join Date: 2011
Post Count: 172
December 20, 2011 - 9:10 pm
Hi everyone
I'm jumping into this forum as I too am a new investor (have 1 IP that I fell into) and now have the bug!! Similar to many other new investors, I am doing plenty of reading (trying to establish a criteria for 'that' property), although I still don't feel any closer to making the move.
My partner and I have an IP loan pre-approved (although cross-collatorised with our other IP and PPOR) so we are ready to make the move once I feel confident enough with my decision.
Reading the ever insightful comments on these forums (thanks everyone!), I am looking at the investor courses of RESULTS (http://www.resultsmentoring.com/) and Cert IV (http://www.propertyinvestortraining.com.au/course). I have to convince myself and my partner to separate with our hard earned cash for these courses.
I would be interested in people's comments about these courses. I like the results course as it has mentoring and I'm a person who likes to ask plenty of questions (preferably face to face) and have interaction as I learn but the price of $6,000 (early bird price for the course starting in July) is a little daunting and the website seems more of an advertisement rather than an information page.
I live at Canberra and have to investigate the results course further to confirm if I would be able to get maximum benefit from mentoring and interactive side of the course not being in one of the larger capitals.
Steve's Cert IV course also appears very comprehensive. The only downside being that it is online with no apparent interaction with other investors/trainers to confirm if what I am learning and implementing is correct. I assume you can start this course at any time?
Many thanks for your comments and for a very informative forum!
Chris

ChrisA1
Persistence is 'to keep on keeping on, no matter how hard the going may be'