Hi Herks,

The best answer is really dependent upon your financial situation, the amount which you are prepared (and/or able) to gear and what your goals are.

Cashflow and growth in a simplistic sense are really at opposite ends of the investment scale and there are those who will argue until they are black in the face for both options (and…[Read more]

Originally posted by Chelley:
Thankyou all for your advise. We have always obtained finance with the one bank so that we could borrow off the equity for future purposes – I was lead to believe banks won’t lend you money using equity on property that is financed by another bank. Also that by having all lending with one bank we get a discounted…[Read more]

The January Edition of Money Magazine had a budget planning sheet that may be of use.

Derek
derekjones1@bigpond.com
http://www.pis.theinvestorsclub.com.au
0409 882 958
Skype – derekjones2113

I would strongly suggest that neither locality is a suitable investment.

If it is cashflow you are after I am surprised you cannot find something closer to your place of residence. While these may not be cashflow positive in the strictest sense of the word they would make much better investments than either Laverton or…[Read more]

Hi Brian,

I have found it unnecessary to have ready access to my accountant. Once he/she knows what you want (and vice versa) then i find there is little need to see my accountant face to face.

So you may even extend your search a little wider.

Derek
derekjones1@bigpond.com
http://www.pis.theinvestorsclub.com.au
0409 882 958
Skype – derekjones2113

HI andy,

Bugger – back to the drawing board.

OK lets consider the issue of stamp duty – how much will the bill be if you bought your wife’s share out?

Yes it could be a knock but in the bigger picture it may still be worth paying. Micgh be worth another call to the OSR.

Derek
derekjones1@bigpond.com
http://www.pis.theinvestorsclub.com.au
0409 882…[Read more]

Hmmmm – I smell some ‘pumping and dumping’ here.

All these glowing endorsements from individuals in their early days on the forum and not much else in any other discussion.

Derek
derekjones1@bigpond.com
http://www.pis.theinvestorsclub.com.au
0409 882 958
Skype – derekjones2113

Hi Alfie,

The $450 threshold applies to the unimproved value of the total land holdings.

A simplistic example to show what I mean –

Investor A has 10 vacant blocks all worth $45K has reached the threshold.
Investor B has two blocks with houses on them. Each unimproved block is valued at $225K so he/she has reached the threshold.
Investor C has…[Read more]

Part way reading Michael Yardney’s new book ‘How To Grow a Multi-Million Dollar Property Portfolio in you spare time” and found it a good read.

Micheal makes some great points in his book and backs it up with some very well explained figures and stats.

Loved the parts on ‘The Next Boom’ which looks at property growth, and patterns and cycles.…[Read more]

Originally posted by Mortgage Hunter:
maybe just that only 98% of the adult population carries one?

(I just guessed that stat [blink])

Hmmmmm – I’ll have to rethink any stats you quote from now on Simon. A bit of checking and balancing may be in order.[bigeyes]

Derek
derekjones1@bigpond.com
http://www.pis.theinvestorsclub.com.au
0409 882 958
Skype -…[Read more]

Originally posted by alffie355:
You will have to look into the cost of owning property in QLD they have differnt rates/land tax and stamp duty than we do in the NT. Also you will be in Darwin and it will be in QLD so you will be relying on some else to sort out any problems. My experience with agents has led me to run my IPs myself!

Stamp duty…[Read more]

Hi Lee,

This type of development will become more common as town and city planners work out ways to maximise the land available within the city limits.

There are examples of these developments working very well in parts of the Gold Coast and also in Subiaco and East Perth.

As a matter of interest I am currently involved as a silent partner in…[Read more]

Interest only is the way to go.

Reduces your outgoings on each property and enables you to hold more assets for the same ‘cost’

Derek
derekjones1@bigpond.com
http://www.pis.theinvestorsclub.com.au
0409 882 958
Skype – derekjones2113

Hi Andy,

More than happy to take a call about what the benefits and minuses of renting your existing PPOR will be. Phone call is better as we can explore a few issues at greater length.

No strings attached.

Derek
derekjones1@bigpond.com
http://www.pis.theinvestorsclub.com.au
0409 882 958
Skype – derekjones2113

Give Jamie or Kristen a call at Empire. They are based in Vic Park and can be contacted on 92620400.

They do a wonderful job.

Derek
derekjones1@bigpond.com
http://www.pis.theinvestorsclub.com.au
0409 882 958
Skype – derekjones2113

Where?

Derek
derekjones1@bigpond.com
http://www.pis.theinvestorsclub.com.au
0409 882 958
Skype – derekjones2113

Land first – with conditions allowing you to do a feasibility study.

Then investigate number of units able to built on the land with discussions with relevant experts in the field to determine the maximum economic benefits you can engineer from your plot of land.

Derek
derekjones1@bigpond.com
http://www.pis.theinvestorsclub.com.au
0409 882 958
Skype -…[Read more]

Originally posted by tamtam:
has anyone bought a house from just looking at it on the internet or a magazine and not actually attended it??????

I have done from a piece of paper detailing the attributes of the property. So in effect not a magazine or on the net but a similar set of circumstances.

and when u make an offer on a house do u do it…[Read more]

No problems folks.

I might also add the use of quartiles is in some way an attempt to provide a little more detail behind the vagaries associated with only using median price as an indicator of property growth.

Median’s can be distorted through the quirks that exist in the property…[Read more]

Hi SK,

Adding to flatout’s thoughts – a busy road is only going to get busier.

Pay a little more and get a ‘better’ property.

Derek
derekjones1@bigpond.com
http://www.pis.theinvestorsclub.com.au
0409 882 958
Skype – derekjones2113