Ninder wrote:
Thanks Derek.  Jindalee and Brighton seem too far away for any capital growth.  I've got only 10 years to retire and am hoping to get into somethng with capital growth.

Without knowing the ins and outs of your situation it may be that an unhealthy focus on capital growth and negative gearing may not be the right strategy for y…[Read more]

I enjoy the outback and try to get away every year for at least three weeks. Highlights so far include; Cape York, Canning Stock Route, Victorian Alpine Areas, SA Outback, WA Outback, Gibb River Rd, Rudall River NP, Cape Arid and so many more. Currently organising a week long fishing trip to Ningaloo and going again for 3 weeks in July.  Summer…[Read more]

Water and termites go together as termites will actively seek out water sources for their own needs. That is why it is so important to take outlet drains off airconditioners away from your building, fix tap leaks, ensure sprinklers don't spray onto walls, and so on. Stay on top of water leaks and you are some way to helping manage any termites in…[Read more]

Water and termites go together as termites will actively seek out water sources for their own needs. That is why it is so important to take outlet drains off airconditioners away from your building, fix tap leaks, ensure sprinklers don't spray onto walls, and so on. Stay on top of water leaks and you are some way to helping manage any termites in…[Read more]

moneystream wrote:
Jindalee and Brighton.

Lot of land in those areas and in many parts you'll be surrounded by homes under construction. I tend to agree with the others get into some of those near city suburbs where development opportunities are available. Have a look at places where densification is planned and try and ride those coat tails.…[Read more]

doddsy1 wrote:
We have a dual income and a fair bit left over that we seem to be able to waste without any effort at all.

I was reading an article by Bill Zheng in recent weeks and he made a comment about successful investors also know how to manage their money. Got me thinking a bit I would say he isn't far off the mark. The reason I make this…[Read more]

Written confirmation by council that the proposed plan fits on the block.You will also need to make sure the provisional costings are suitable for your standard of building. Some PCs are set at a low level and if you were to build at the price the fit out quality can leave a lot to be desired.Check PC for site works is sufficient for the block in…[Read more]

Michael 888 wrote:
Also everyone please note that the Andrew Allen spoken of above  IS NOT THE ANDREW ALLEN who is a member of this forum and Somersoft and is a buyer's advocate/agent in Brisbane Qld, who contributes useful and worthwhile information in his posts.https://www.propertyinvesting.com/user/waysolid

Good comment Michael.

You would need to check the various state government websites but in essence that is correct. Not 100% sure on SA and ACT.

The ATO uses a test called 'is this normal behaviour" to test the validity of actions by some tax payers. How many people do you know who legitimately build and sell a property every 12 months?I would go with the accountant and Terry on this one.

Which state? All (?) states will calculate stamp duty for a house and land purchase on the land price. OTP purchases are different as most states will calculate stamp duty on the price of the finished product. Victoria is different as they tend to use a land value at the time the contract was signed.

henny wrote:
Okay, we have the option to pay MORE then the minimum repayments (without any fee) as our loan is interest only.  We currently ensure we pay at least the equivalent of P+I on it anyway.

Not sure of your long term plans but paying the equivalent of P & I on your investment loans is generally considered not a great strategy. This is…[Read more]

ccpat wrote:
Hi Guys,I was wondering if anyone could tell me how much land / how many houses people were allowed to have before land tax kicks in for each state.Cheers

It is not a question of the number of properties – it is a question of the land value upon which the properties sit. THe value is aggregated over your total holdings. The…[Read more]

Hi Michael,If you (or your parents) do choose to self-manage make sure you have an intimate knowledge of the relevant legislation in the states in which your parents have property. Legislation does vary from state to state and your parents will need to be on their game.I ask why are they considering going alone? Is this something they want – or…[Read more]

Transcript for those interested is available here

Freckle wrote:
Up here in Port Hedland there's no traffic lights (yet) and only one stop sign… bliss The Freckle

Has the person responsible for putting the stop sign in been run out of town yet?

5 properties grossing $1000/wk means the average is only $200/wk/property.  Are the properties 'under rented'?

Grossing around $1000/week = $52,000/annum less costs. Amount of tax payable will be reasonably small if properties are owned jointly. Will still need to seek financial advice as they will probably be over the assets threshold for any reasonable pension. Some selling down in a low/no income year and transferring cash into super fund may be of…[Read more]

Hi NM,Sounds like your accountant has put the PAYG Variation in the CBF basket. Maybe he/she can only work from black and white information you provide rather than try and do some calculations projecting forward.

An example of what can go wrong. https://www.propertyinvesting.com/forums/property-investing/help-needed/4344208