Good topic because in the end: “The stats tell the story”

1. $1.065m
2. $460,000
3. 1 x 3 br house, 1 x unit, 1 x commercial office
4. Pure luck/having a go/learning off others

Goonga La goonga

The SS Minnow? Tuggy the Tug boat?
What I was referring to is: I think it’s a good deal but perhaps I’m a little naive and there were some catches.
What do you think?

I write this with the greatest respect to the people of Boggabilla.
Boggabilla is a very, very small town with a low population, very low income earners & tenants could be ethically questionable (is that the best way to say it?)
Perhaps a viewing of the DVD “Deliverance” may help you make a decision.
The flip side is that many of them are “salt of…[Read more]

I look at it this way:
wouldn’t an Avalon base be more attractive to those living in the Western Suburbs? – low income earners = low flights.
So areas such as Geelong, Footscray, Hoppers Crossing, Werribee would prosper.

I look at it this way:
wouldn’t an Avalon base be more attractive to those living in the Western Suburbs? – low income earners = low flights.
So areas such as Geelong, Footscray, Hoppers Crossing, Werribee would prosper.

I love seeing great results like this. I hate to brag but I initially made money out of property by fluke!
Partner and I bought small house in 1997 for $170k approx and sold 4 yrs 3 months later for $370k. This was our principal residence so no CGT.
We have since invested in 2 IP’s. 1 was purchased 2 yrs ago for $198k and would now sell for $240k.…[Read more]

I to have asked my Tax Consultant about the correct structure for purchasing properties. I will be seeking probably 4-5 opinions. At this stage most have suggested if you are buying straight residential property then do not purchase in a Company name – particularly if you are looking for Capital growth as opposed to positive returns. CGT is 100%.…[Read more]

Very interesting topic this one. I’d like to make a suggestion to all IPO’s out there. Check your Insurance policy! I recently took out a Landlords policy via a reputable Insurer. Unfortunately, I had a major claim (nearly a total loss)
The Insurers – or should I say assessors & builders have been great. However, I was advised that I wouldn’t be…[Read more]

You’ll find that many country agents have a much higher commission rate than city agents obviously because of home values being less in country towns. Watch out though for collusion in many of the countries towns especially larger rural centres i.e Albury

Let it be known that very few Insurers will cover you for cash and if they do it’s a very minimal amount. Check your cover – you’ll be very surprised. My advice, don’t keep cash at home!