Looking at this 'deal' – too tight for my liking.Not a lot of leeway in your finaces, looking at with LMI involved lend and OTP to boot.Mortgage insurers may find themselves to be 'over exposed' in the development and thus your finance may be declined at the end after having gone 'unconditional' approximately 2 yrs from completion. Throw in moving…[Read more]

I reckon I'd be knocking on Terry's door. Purchsing property is more than well………………just purchasing property.Structuring, inheritance, asset protection are equally important. If you can grab a 'rounded lawyer' (as in legal sense Terry) and they know their stuff they should be on your team.Handling the transaction is almost small…[Read more]

For another opinion check out Anz Property Report at the link below.http://www.anz.com/resources/5/a/5a91e98048d468a09b12ffe0a20e8e6e/Australian-Housing-Snapshot-20112610.pdf?CACHEID=5a91e98048d468a09b12ffe0a20e8e6e

Hi Adam,Haven;t seen such a calculation tool around the place. I expect the 'risks' are not readily quantifiable and thus a calculation would be 'rough maths' anyway.Maybe give that guy from the 'Numbers' TV show a call and see what he has:)

Mosqui wrote:
I think this is not a real fair comment. You can not compare Ravensthorpe (where all this happened) with Karratha and Port Hedland. This is a clear difference with a mining town and a future mining town. The Ravensthorpe mine never worked. I can only talk for WA because is where I have all my experience and the pilbara and mid west…[Read more]

Not sure if this is of use but I use Geoff Carslake of Shreeve and Carslake- They are based in Herdsman Business Park.Can get the contact details of another accountant more central through a third party if required – this accountant has been helping us with a number of tax issues associated with small scale developments, partitioning, SMSF, GST and CGT..

Hi All,An update on this mob.ABC Financial (or their agents) recently visited our home town (WA Country) and did some door knocking & home visits in an effort to convince local people to fly to Melbourne and buy property there. A local couple have recently returned from one such trip with property in back pocket.Turns out the property is a motel…[Read more]

Try Shreeve and Carlsake in Osborne Business Centre.I use them for my tax work.From memory tax payers can review their last two tax returns. Might be wrong.

Hi Joe,Real Estate Agents in WA are now supervised by Department of Commerce.Fact Sheets http://www.commerce.wa.gov.au/consumerProtection/Content/Licences/Real_Estate_Industry/Licensing.html

Try David Linco at Davlin Finance. Website – http://davlin.biz/ T:8843 8999David is qualified in many areas and he has set up a business with all complementary services under one roof but excluding property 'finding' services. 

HI Marie,Wot numbers Terry said.For some reason people seem to think CGT is a major issue. After allowing for 50% CGT discount the max anyone pays (rough, back of the envelope maths) is around 25% of total profit. Even this can be reduced by sellign in low and no income years, pre-paying interest on other properties etc.But in answer to your…[Read more]

Need a lot more information to give you some more detailed feedback.How long have you owned this property?What capital gain have you had?Taxable income levels?Any carry over losses you can offset this gain with?Are you buying another property?Any other investment properties?And so on……………………………………There are some…[Read more]

Hi Jonesy,Really difficult to give you concrete answers without knowing the name of the company involved. Many people come on here and ask 'Has anyone had any dealings with (insert company name here)" to see what sort of feedback they will receive.Off the plan and new house and home suggest a marketing company of some description who will be…[Read more]

Whatever Harry Dent said was good.The guy was brought to Australia for a series of speaking engagments and sell hi new book. There is absolutley no doubt in my mind that the negative messages generated by Dent's publicists were purely about book sales. Mark Bouris has a lot to say about Harry Dent in this articlehttp://tinyurl.com/3sz69vgNo doubt…[Read more]

It doesn't matter which asset you invest in no-one is going to ring a bell telling everyone the top/bottom has been reached. Need to make informed decision based on research undertaken. As Jamie said having time up your sleeve is always advantageous. Consider time available, with your family situation, employment security, long term plans and end…[Read more]

Like most of the wider 'Gold Coast' Coomera is struggling at the moment. Rents have been relatively stagnant for sometime as have property prices. The Gold Coast is heavily reliant upon the constructionm industry and this is struggling big time. Sure there are big plans for the future and when this all comes off Coomera should be…[Read more]

Not at all – just highlighting how ambiguous conditions can be.

Hi Scott,You are right – unfortunately many people involved in the purchase of real estate think they can 'do it themselves' and the consequences can be significant. Even a simple white ant or buidling inspection clause can be poorly worded. The CPD session had some other examples of 'handwritten' conditions that beggared belief. Step carefully…[Read more]

mattnz wrote:
I have seen a whole shopping centre with a little house in the middle of the car park.

You win:)

Keep your neighbour in the loop – two blocks will be more beneficial to the developer and also, by extension, you.I have also seen instances on the Gold Coast Broadwater where someone didn't want to sell. His neighbours on both sides and behind did and the property is surrounded on all sides with 5 storey building. Not a good look I tell you.