Hi Jeff,For what it is worth – your statement "how prices in Bunbury and Rockingham could rise" could applay equally to all Perth suburbs and also to many parts of WA. Rental market in the inner ring (just outisde the Perth CBD) seems to be tightening at the moment. REIWA reported 25% more sales this year than at the same time last year (even…[Read more]

dkb87 wrote:
Hi Derek,To tell you the truth we dont really know what kind of investment property we are seeking yet, just trying to gather info at the moment still as we have only just bought our first house but I am keen on getting into property investment asap. I dont mind dealing with people or advisors who are not in my state, if I know th…[Read more]

Was on a Webinar earlier this week with a Sydney based buyers agency who were doing some work in the area. Returns and prices looked reasonable.

Hi Dkb,Have you identifed the type of property you are seeking and your state of preference?The reason I ask is that there are buyers agents (some of mixed quality I might add) who have a particular focus on particular properties in particular states. If part of the attraction of Destiny was they have an office in Perth you will find business can…[Read more]

Generally speaking purpose built student accommodation is cashflow positive and people can dive into these types of property for cashflow alone. Trouble is a number of the 'other' reasons against student accommodation, such as those mentioned here, do not become evident until it is too late.Clearly research is/was needed to avoid these pitfalls..…

Goldfish or Great Dane – does make a difference.Some states allow you to add clauses and penalties specifcially relating to the leasing of a property to a tenant with pets.Check your states 'tenancy acts' to see what applies in your state. Some pets are not a problem and having them onboard too can be a good thing. Make sure you get before and…[Read more]

No worries – hope it helps

FF430 wrote:
Our aim is to pay off our mortgage of 368K and produce an income of 50K to replace my wife's income so we can start a family. .

Hi FF,It would appear as if your aim is not consistent with the proposal put on the table. Bottom line is if you want to pay off your home sooner and replace your wife's income then you will need to look…[Read more]

Hi Kristy,As per your request.https://www.propertyinvesting.com/forums/property-investing/help-needed/4335538?highlight=members%2Calliancehttps://www.propertyinvesting.com/forums/property-investing/help-needed/4325306?highlight=members%2CallianceFrom The…[Read more]

Recommend you do a search on Members Alliance. Other people have direct experience with the company and have explained their experiences in some detail. their expereinces might balance all the feel good stories we have here.

boney bream wrote:
He thinks the place looks great.  Any advice there?

Hi BB,Is your friend a property investor or have you briefed him/her on what you are looking for?Sometimes locals look at their area with 'rose-coloured' glasses on and may not be looking at the property from an investors point of view. Agree with the others get in touch…[Read more]

PISTORE wrote:
You need to look for areas that have mines going in or just gone in.

Hi Tony, Not sure I agree 100% with this comment. There are cases where mining companies have signalled they are 'going in' or indeed have just 'gone in' and they soon find their feasibilities were not up to scratch. Eg BHP and Ravensthorpe. A better option, for…[Read more]

HI Jackie,No – Terry is saying that the 6 yr exemption rule only kicks in after you have initially moved in.Based on your earlier post the time when you have a tenant in the property (just after purchase) will be subject to CGT. When you move in and establish the property as your PPOR you will then be eligible for the 6yr exemption rule should you…[Read more]

Just keep the reno loan as a separate loan and make sure you only use that loan for the reno costs. It does not matter what the loan is secured by. The purpose of the loan determines deductibility. In this case the loan is being taken out for a reno so the reno loan will not be deductible.

Been off line for a little while here. The key is as Luke (?) said earlier – it all depends upon an indviduals circumstances.For me bottom line is portfolio should be at least genuinely neutral (exc tax breaks) at time of retirement. This means the portfolio is being held without any erosion of other assets to hold the portfolio either through an…[Read more]

Hi Jack,Racing off to buy today's AFR.As an aside, and for the benefit of other readers of this thread, there is an online article released today which specifically talks about Moranbah. Click here to read Enjoy.

The 'cooling off' period really allows a potential purchaser to rescind the contract simply because of a 'change of mind' – the key thing is to understand the length of colling off period in each state. Qld – 5 daysNSW – 1 dayVIc – 3 daysSA – 2 daysWA – no colling offNT – 4 daysEach state has a outline of how the 'cooling off' period works in…[Read more]

JT7 wrote:
With the industrialisation of China and India, the development of a more capitalist society and a rapid shift away from socialism not to mention a growing middle class demanding 'stuff'

Hi JT,I recall an article about 10 months ago discussing  the impact of urbanisation on Australia's mining industry. The article (memory cannot…[Read more]

Sheeez – I need my eyes tested. I skim read the first post twice and missed purchase dates. I'll go off into  the corner and slap myself.That aside Crag makes good points – if the sale of the property is made in a low/no income year then there are signifciant benefits to be gained by claiming depreciation now. 

Hi Scott,I just logged onto the ATO website and saw this "Cost baseYou must exclude from the cost base of a CGT asset (including a building, structure or other capital improvement to land that is treated as a separate asset for CGT purposes*) the amount of capital works deductions you have claimed or can claim in respect of the asset if:1. you…[Read more]