Hi Scott,Both residential.Thanks.

Don't understand why lenders are the bad guys here?Where was the deception? Did they not advise you of the exit fees and how they are calculated? Part of the contract isn't it?Isn't the idea of locking in to a fixed rate loan that you have the benefit of pre-defined interest payments? The instituation offering you this deal also takes on some risk…[Read more]

Hi mtime,Lets look at a couple of different scenarios to see what good COCR can look like.1. Say we buy a block of land and build a duplex on it. At the end of the project we sell the two homes. Lets say that all up purchase/development/holding costs come to $600,000, but that you borrow most of this from the bank and you only have to put $100,000…[Read more]

Hi mtime,I think the way to approach this is to evaluate how you are arriving at an annual return of just $809. Is this correct? Is this a profit from sale or from rental return?If this is the actual return then .89% is indeed the true return – and yes it is small because $809 annually on a $90k investment is crud!If however your MONTHLY rental r…[Read more]

Hi propertylearning,Not able to assist in answering this one for you, but would be interested to know why you think everyone would automatically strata any duplex they build?We plan on doing a duplex development in the near future, and have no intention of adding the expense of strata titling, since we intend keeping both properties and renting…[Read more]

I've had it one contract were we purchased last year and also came across it in another property we were doing due diligence on.Our solicitor advises it is now quite common, and the box may be checked by the sellors solicitor, even when they have no land tax liability.From what I remember they are looking to reclaim that percentage of the land tax…[Read more]

Hey freelance2020,Properties good. But so is not relying on just one thing.Think multiple streams of income. Security, diversification, wealth!I think it was a Kiyosaki book that talks about how the wealthy have multiple streams of income, so that even if one thing is not performing well for a period of time, there are other incomes still rolling…[Read more]

I think the question is, how do you physically pay a deposit on hammer fall when you do not know how much the winning bid is going to be? You can't get a blank bank cheque….. Do they take a personal cheque? Didn't think so….Thanks for the question WiNmaKlIn, it's something I have pondered on once or twice, but never sought out an answer…[Read more]

Interesting to see how people think they are making rational predictions of the future based on what they 'believe'. Just look at how many times the word has been used in this topic so far.Dictionary definition of belief: 1. The mental act, condition, or habit of placing trust or confidence in another: My belief in you is as strong as ever.2. Menta…[Read more]

Hi W4L,I would be interested in hearing a little more about your Warrawee property. More so about the thinking behind building in the current market. Are you intending to sell the properties now (at depressed prices) or do you intend holding the market starts rising again? If you are holding, are your acquisition and building costs low enough that…[Read more]

Hello PropertySeeker,I can't find a reference on the ATO website for what the actual penalty might be. There are two references in the PAYG Withholding Guide that might point you in the right direction:"Your application will be processed based on the information you provide. It is your responsibility to ensure that this information is adequate to…[Read more]

Hi Crashy,Have a bit more detail now to show you how this works. Below quotes from ATO website – Australia and New Zealand Treaty – key points:"Dividends, interest and royalties may generally be taxed in both countries, but there are limits on the tax that the source country may charge on dividends, interest and royalties flowing to residents of…[Read more]

Don't you have to declare all foreign-earned income in your Australian tax return?And won't that mean it will be used when calculating your taxable income?And then won't the tax you have already paid in NZ be deducted from what you owe the ATO?That's how it worked when I was trading shares in USA  – thought it would be the same for…[Read more]

I wonder whether passion99 is one of Roy's minions……It was amazing to see how passionate the core group of helpers became towards him. They were nearly all early to mid 20's and I think very impressionable. But over the course of a couple of years involvement I realised they quickly disappeared and were replaced by other 'totally committed'…[Read more]

Hi Richard,Thanks for that. Yep, one title.Craig.

Hi Tysonboss1,Joining fee is not significant $100? around that – it goes to Amway – for that you get quite a bit of product for self-use (samples you might call them) plus a catalog, paperwork, some admin – not a big profit for anyone. And none of the joining fee goes to the networkers.There is money made when people buy/sell product. There is…[Read more]

Hi Tysonboss1,Amway is a real company, so you probably don't need the quotes…..ha haThis business supplies products, the opportunity for people is to form organisations to consume/sell the products and make money from a percentage of the sales price.There are two main arms of the Amway networking marketing business in Australia – Network 21 and…[Read more]

Hey Bonds,I have been looking at quite a few properties recently, both with existing granny flats and with possible conversions. The suburbs I am looking in (western Sydney) are desperate for rentals and granny flats do very well and are easily rented. Here are a few issues for you to consider (can only speak for the Penrith council areas I am…[Read more]

Yep, can confirm my SMSF is costing me around $2,000 a year in accountancy and associated running costs…….have around $150k in it, and I consider each year if it is worthwhile running as a SMSF at that size……Craig.

So Dazzling,

Any tips on how you marry up a potential tenant with a piece of property? How do you find the potential tenants in the first place?

Craig.