Hi Island Girl,

First add all of these costs to your purchase price (If you aren’t borrowing any money then leave out the mortgage related costs)-

stamp duty on a property purchase
stamp duty on a mortgage
registration fee on a property purchase
registration fee on a mortgage
title search fee
solicitors/conveyancers fee
building/pest inspections…[Read more]

Keep looking at the events page of my website for property related courses. The guys who helped me get kicked off with investing were ‘Richmastery’ based in NZ and I know they conduct a very comprehensive property academy every year.

Another Seminar to check out would be with Rachel Barnes. I met Rachel and her partner at a conference and I was…[Read more]

Hello again FF,

Property booms are mainly driven by economic factors and supply and demand issues. Interstate migration and foreign country immigration also has effects.

Australia has an overall cycle but each state/city town and even suburb will have it’s own subcycle. Look at what’s happening in WA (boom) heavily influenced by the resource…[Read more]

Try Nick Moustacas http://www.strategicwealth.com.au -He specialises in property. He is my accountant and I am hoping oneday to get a spotters fee from all the refferals I send him.

Anyway, at the moment I just send you to him because I want you to get a good accountant. He’s in Hurstville but it is worth the drive. I use to drive from Wollongong to…[Read more]

How can they guarantee rents if you have to find the tenants? I have an IP (house) in Cairns and I think I know the development that you are talking about.

Regards

Todd Burns
http://www.freepropertyhelp.com.au

The FHO grant links for each state are on my website if you want to go and check out the details.

BTW I have a property in Kirwan (Townsville) and I have had great captial growth there. More strong growth is predicted for that area. Rates are one of the most expensive in Australia but the Council is cashed up and starting to spend on massive…[Read more]

1. Make very good friends with a property valuer

2. Marry a property valuer.

3. Become a property valuer

4. Do comparisons of similar sales by looking at what properties sold for on Realestate.com (because this is what some property valuers do).

Todd Burns
http://www.freepropertyhelp.com.au

Check with local Council what the regulations are for subdivison on the block and make sure that the existing easements make it suitable to subdivide before you go too much further.

Regards

Todd Burns
http://www.freepropertyhelp.com.au

What is the age of the property? What items of value has it got inside it? Has it got anything new like carpets, dishwasher, chandelier etc?

Regards

Todd Burns
http://www.freepropertyhelp.com.au

Hi Christian,

Rules are different for each state- Go and check out the FHO grant links on my website for more information.

Regards

Todd Burns
http://www.freepropertyhelp.com.au

Hi FF,

The RBA sets the cash interest rate based on many economic factors. One of the key factors is inflation. The RBA tries not to let the inflation rate creep too much over 3%. If this happens they have to put the brakes on spending and the classic way to do that is to raise interest rates.

The most recent figures show that homebuyers and…[Read more]

If you want an investment property then my suggestion is find an area that you can afford and has the right rent return or forecast capital growth. Perth generally has very poor rent returns compared to what you pay for the property and it will take a while for rents to catch up now that prices have leapt up so much recently.

I go where the best…[Read more]

The return on investment sounds good. What sort of condition is the property in? Have you had a building and pest inpection done yet? Are the units approved by Council? Do they meet fire regulations? Is the property in a flood prone area? (check with Council). Can you get Landlords insurance for the units? Why is the vendor selling?

That’s…[Read more]

Check what the lease states (assuming the tenant is on a lease).

Todd Burns
http://www.freepropertyhelp.com.au

The first valuation I had done on my owner occupied property was very low. Since that time I have investigated how valuations are done and have found out a lot of interesting information.

The bottom line is that to be assured of a reasonable valuation you must organise to meet with the valuer and have information ready to show them. If you can…[Read more]

Remember that it is the LAND that appreciates in value-Buildings depreciate in value. Depending on the location of your IP, the captial growth from the land content is likely to outstrip any losses you incur through maintenance and repair.

Where are your IPs? Are they in areas that have good projected captial growth?

I would just write the…[Read more]

Have you heard about Ajay Ahuja? A friend of mine in London told me about him and I have been getting his newsletters. I have been told that he is one of the property gurus in the UK. This is the link to his homepage. I would like to hear whatever you can find out about him from the locals.

http://www.phfinance.co.uk/home.html

Todd…[Read more]

Keep checking the events page of my website because I will be listing property related courses and events as they come to my notice.

I have benefited from reading Steve McKnights books but I have also learnt a lot from Richmastery (NZ based). Their annual ‘Property Academy’ is very comprehensive and practical.

Jan Somers books are good and Dale…[Read more]

You can get positive cashflow in Toowoomba, especially if you are willing to go for student accommodation. Ipswich is more difficult now but there are big improvements planned for the Ipswich area which should mean good capital growth in the future.

Check out the SE QLD plan in the reports section of my website.

Todd Burns
http://www.freepropertyhelp.com.au

That’s Ok for me, I haven’t got my group certificate yet [biggrin]

Todd Burns
http://www.freepropertyhelp.com.au