Tony, to say new gets you the best rent return is bunk. You buy a new house in say Deebing Heights for $395k new, your rent will be $285-295/wk tops. Thats less than 5 % so you really buy a neg geared property and pray the higher depreciation on a new place softens the blow when you come to tax time.

Personally a 14 yo 2 bedroom townhouse that…[Read more]

Goodnas crime is still high. Ipswich is $185k buys $185/wk rent soi one for one which is 5% return……..not good!! Beenliegh good and growing.
Logan Central area, hot and getting hotter.
Inala has too many weatherboard houses and no new infrastructure.
Teviot Downs I havent heard of Please please please tell us more.

DD

PS146 Certified…[Read more]

Guess what guys, to be a qualified and active financial planner you have to be associated with a banking institution or an insurance company. This means that the term independant financial advice is a farce. I should know, Im a qualified finacial planner and feel the industry is too structured to be effective in actually helping people to better…[Read more]

Whats your PPOR worth? If you can see a market with a high cap gains potential or something off the plan in a good location with demand high, then if your PPOR is worth $500k and you owe $235k then you have $165k for deposits. So if you just get standard 80% loans this equates to a total investment portfolio of $835k

So get 7 x $100k investments…[Read more]

Hi Melbear, Waterford west is a nice suburb just south of Kingston and slightly to the left. The main road is Kingston Road and this intersects with Loganlea road. There is a small shopping centre on the right heading south with a supermarket, fruit/veg, cafes hardware and a chicken takeaway place(henny penny?). Accross the road is a large tavern…[Read more]

Guys the best way to get cash positive props in SEQ is to buy a townhouse in an area where the rents are quite higher for freshly renod properties, isolate the cost of reno and then get on with it. One of my clients bought for $107k a 2 bed townhouse and renod for $6k. The rent went from $125/wk to $160/wk in a week of reno.

So with 107k/$160.00…[Read more]

I try to help people and if people are sceptical they can easily not deal with me or others. With so many people trying to get a “good deal” some pick your brains, set up viewings with your contacts and then after working with them for a week they say”hey I can do this myself now……Seeya”. Where are the ethics then when I for one have had this…[Read more]

Tassie too is an anomaly where fees are concerned. Unlike most other states they charge 2 weeks plus GST for letting which is legal theft.

The charge 2.5% for arranging maintainance work, and the total management fee is 8.5% for one and 8.35% for 2 or more. Big deal!!!

Well I recently nailed a 7.7% inclusive management for the first time ever in…[Read more]

Queenstowner, give me a call I may be able to help.

DD

PS146 Certified Financial Planner
Don’t sweat the small stuff,and it’s all small stuff!!

Thats right Brenda, rea;ising profit at a sale is good for the soul and will actually clear the decks for forward thinking again.

The two we sold in Bundamba recently were $109k to $165k sell and $120k buy to $185K sell so Im with you. The one that sold for $185k had a major storm leak into the bathroom in the week that followed the sale and cost…[Read more]

Thanks PK will be doing the renos on these two in June/July this year when leases are up. Usual 5K then $30.00/wk rent rise.

Chat soon

DD

PS146 Certified Financial Planner
Don’t sweat the small stuff,and it’s all small stuff!!

LMI is loan mortgage Insurance. you pay this on behalf of your lender to an insurer to cover them if you default.

LVR is loan to value ratio which is the percentage of equity you hold in the properties.

Hope this helps

DD

PS146 Certified Financial Planner
Don’t sweat the small stuff,and it’s all small stuff!!

All granted Anubis, but I think I have had enough runs on the board to have an opinion. Part of our recent strategy was to buy a house in Coffs 250mtrs from the beach. If thats not enjoying it now, please let me know.

Its tough living between the Novotel and the Anuka Beach resorts!! We even use the Anuka room service menu and walk and pick it up…[Read more]

Ipswich Rentals and Sales Ph: 07 3202 4042 Fax 07 3202 4048
Angie 0438 641 415, Liz, 0411 233 317

These guys are good, sorry to not have gotten back to you earlier.

DD (Dave T.)

PS146 Certified Financial Planner
Don’t sweat the small stuff,and it’s all small stuff!!

Thanks for that clarification Michael, I have been off doing renos and not watching the posts as well as I usually do. Yeah it is a personal choice and the best any of us can do is to make informed decisions with the best knowledge we can muster.

This forum always lets me fine tune my thinking by reading posts from others so thanks Michael,…[Read more]

Rents are the slowest moving in the country south of Perth anyway. There is so much available land that house prices wont feel too much of a squeeze for some time.

With stagnant rents, rediculous agent fees and high maintainance for older properties, we have just sold one 4 bedder in Orelia and are using the funds to paydown a qld ip…[Read more]

I have negotiated price reductions based on work to be done for properties in Qld, Tassie and WA. We had a termite problem in a tree outside a house in Qld and the $1320 for a complete termite barrier was taken off the purchase price.

Tassie (for a client) arranged a quote for some serious repairs to walls,doors etc to bedone. The quote was…[Read more]

Foundation, with the right research you can always find good properties. The fact we are looking at slightly increased interest rates is goodie goodie in my books because those thinking of selling will start to panic a bit and the bargains will be there.

Waiting for the market to move is silly because unless you have your finger on the pulse you…[Read more]

Thanks for the vote there Monopoly, its always good to get encouragement from the top tier like yourself.

Hi Brenda, long time no see. Great minds think alike. We settle a sale on one of our non performers in Perth next month and pay down another to get more cash positive. Renos and upgrades I do all the time. Did one in Redbank Plains in…[Read more]

Use your UK cash to flow into a new IP in OZ rather than the uk. I take it that you wish to come home at sometime? Would all the value of your surplus funds there be wasted if invested there? What are the UK vs Aussie tax ratios and other charges. Things like land tax for non residents and things similar to that. Do your research, and if then you…[Read more]