Also talk of taking away assett protection in trusts,well, I think the government has to be careful befor they fiddle too much, the system is well entrenched and changing one thing, can have huge ramifications elsewhere.
Rise in interest rates will probably do more than anything else to slow investing and neg gearing.

yes, just brought a 5 yo house, canungra, at the foothills of Mt T, 249,000, 4 br, s.pool, every mod con, tenants waiting to move in at settlement at 240 per week. Land already going at 100,000.
Very hard to get anything but large blocks in the Hinter;land at large prices.
Its a lovely lifestyle area, army base nearby.
We looked at the G.coast,…[Read more]

Hi again, just edited the last post.
Crashy, my only other concern re free advise, I wonder if you might have some liability issues?
You never know these days.
Usually, all professionals have public liability insurance if employed in their profession.

Crashy, congrats on your motivation, you probably don’t fit the fin planner ‘image’, at least the ones I have seen and wasted my time on in the past.
Agree with above advise, get rid of any consumer, non-deductible debts first.
Shares, could do cov calls against them, extra income.I would love a share portfiolio for that purpose.If the shares have…[Read more]

Ed Burton, vital link is his company, he is just great!Ph no 1800 468 111.
Very much along the lines of Steve, but no harm in going through and hearing it again, explained slightly differently.He loves passing on his extensive knowledge.
I have been to a few seminars, and I thought his seminar was great value, by the way, I don’t get kickbacks.
I…[Read more]

300K seems like all eggs in one basket, esp if neg geared and no steady income to offset the neg gearing.
Who is to say that cap gain will continue unbabated?
What is the growth rate in the area?
What is rental vacancy in that area?
If he is near retirement age, it may be one occassion for a one off ethical financial adviser, because things can…[Read more]

It surprises me how a number of people have written in loaded with non income producing debts, personal loans etc. wanting to jump into property and no deposit down and thus even more debt.
Unfortunately guys, there is no magic, but commitment to earn a salary, reduce personal debt ASAP, cut spending to bare minimum.
It basically takes a lot of…[Read more]

Abolish neg gearing totally goes gainst the grain of investing.
It would equally apply to businesses that buy assetts on loan and need to deduct interest expenses.

Being flogged by Cameron Bird in Cairns?
According to Ed burton: bad location, no proven resale value, you can only ever sell to other investors- ie small resale market, on site manager- don’t know how good they are.Unclear what the real value of the property is.
But, of some social merit.
Personally, having lost hugely, I avoid anything “managed”…[Read more]

According to Ed Burton, if its a high growth area (find out via residex), good neighbourhood, not near a needle exchange etc, council has lots of good plans for the area and business is going well, and its cash neutral to slightly positive, then buy it!

I work part-time since this year, sessional Rehab consultant, you go in do your bit, give some instructions and finish at lunchtime.
I’ve gone from working 6 different jobs at the beginning of this year to only two now.
Actually I had 3 jobs and got retrenched a few weeks ago from my last job, anyway I’ve got over it now.
My other job is writing…[Read more]

You wouldn’t want to be a sleep walker and or incontinent1

Our strategy consists of buying large blocks with houses in the eastern suburbs of Melb, ie dual occs.
We have five on the go in various stages,
It takes a long time but the land (ie back yard)is a huge buffer to flattening of growth.
Shares: I am looking at buying some growth shares in my super fund.
Iam also exploring the possibility of buying a…[Read more]

Yes, I was wondering if the block purchasers got carried away in the heat of the moment and woke up the next day with a giant financial hangover!

Based on valuation, you should be able to borrow 200,000 (ie 80%of value)on your home, pay out all your bad debts.
But I agree, try and establish a bit of a savings record.
Your wage is not that high, so you need to be careful with cashlow.
Another loan means, more expense and repayment, there may be rental vacancy, increase interest rates…[Read more]

You need to pick the growth areas per residex.
I suggest Ed Burtons seminar in nov, mention my name and he will give me a gift.
He is an accountant with over40 properties and a financial adviser, excellent value.
He gives you the formula for picking the right property.
His seminars are excellent value for money and he covers everything you need to…[Read more]

Can you get a valuation on your home and turn it into a line of credit?
Would save a lost of hassle in selling and moving, your income is contributing to loan repayments(not rentals), you save on selling/buying fees and I am sure you are living comfortably.
I’ve thought of doing it but too much hassle, with parents and son and husband and business…[Read more]

All my loans, 8 properties to date are with CBA.
Reasons:
I’ve looked at other lines of credit and they offer no advantages over my current loan.
I am a gold member, this means discounts and prefered treatment.
I have a personal lender, who knows our assettts and financial situation very well.
I have seen mortgage brokers here and there, but the…[Read more]

Bruce, good luck, we need something like TV’s american show Judge Judy, she’s terrific and can really sort ’em out.
I hope we are not going to see a current affair: “landlord evicts his own mother in law”.
Basically my parents are going to be dependent on me at some stage to buy them a new home, or most of it, when we sell our current abode, which…[Read more]

I wish I had your problem, wow!

You could borrow up to 80% of bank valuation and invest into other property, shares etc.
On the other hand, you could take a tax free profit and reinvest, consider placing into super, there are huge tax benefits in that I believe, speak to your accountant.