I don’t know all that myself, but I believe that you apply to defer your Uni Fees (govt. pays for you) until you finish studying and are earning an income.

Once you start earning an income (I think it’s $35,000) you start repaying your HECS debt. Your compulsory repayments are determined by your taxable income and you repay a percentage of this…[Read more]

Well done indeed.

I myself am going through the process of purchasing our second IP. Of course we are at that stage of doubting our decision…can we afford it, what if noone rents it, etc, etc.
It’s great to see that success is possible!

There are a few items that can be claimed.

Interest & fees charged on loan Property management fees body corporate (for units) council rates water ratesdepreciationrepairs *

Here is a link to a previous post on depreciation.

* Repairs vs improvement is a tricky subject. You can claim a repair, but can only depreciate an inprovement. An…[Read more]

Hello all, it’s been some time since I’ve visited.

Ellenbrook and the Swan Valley have not been mentioned here much. I’ve done some basic research on the Ellenbrook region and it appears that it is growing rapidly, new town centre, shopping malls, schools, and so on.

Any locals have any thoughts on the area? Distance/time to the city?…[Read more]

Hi,

Good topic, I was just about to post a similar question.

My Management fees are 11.5% + GST (in Darwin)

That is one heck of a drain on the rental income, and I didn’t realise how high theses fees were until I read this post. I have been thinking of shopping around with other agents to compare fees. Just wondering if I changed management do…[Read more]

Yep…you have to manually delete the text you don’t want. But do not delete the

Quote:
commands as they denote the start and end of the quote.

Note: The square brackets [ ] are important too, don’t delete those.

I believe that is correct….although it is hard to think of when investing like this as a couple (husband & wife). What I mean is that buying as a married couple is different to buying with your brother/sister. In your example you would own 99% of the property and therefore be eligible to claim 99% of costs, depreciation, etc.

But, from what I…[Read more]

Possibly….depends on the type of tenants you want to attract. Students or singles probably have no need for a bath but a family with young children will almost certainly want one.

Hi,

I’m certainly no authority on this subject, but I’ll try to help. I have learnt what I know through reading many books on the subject.

I can recommend the use of a quantity surveyor. They will provide you with a list of all depreciable plant and equipment in your property, their value and the effective life of those items. This information…[Read more]

From this post, the last batch of 100 is due out shortly. Best bet would be to email and reserve a copy.

Cheers

As far as I know there is no Land Tax in the NT. Look here for some info.

*Edit* Found another site..definately no land tax in NT (also no stamp duty on mortgages). Territory Revenue

Well, I’m in Darwin and have some knowledge but little experience. [biggrin] I don’t know of any groups up here.

Are you talking about the 11 sec solution? Or in general?

11 sec solution…divide purchase price by 1000 then multiply by 2 gives you the rent required to meet this rule/guide.

eg: $60,000 purchase price…../1000=60…* 2 = $120 per week to meet the 11 sec solution.

If you are talking generally, then ask local real estate agents what the…[Read more]

Well, it contains 5 of Steve’s templates. For me the most impressive and helpful are the financial analysis and the property analysis.

The financial analysis runs you through all the numbers and helps you find out all the costs involved with the proposed purchase. It gives you a final figure….Cash on Cash return that helps you decide if the…[Read more]

I just received my copy of Buyer Beware and I can say that it is excellent and is probably exactly what you are after.

Cheers

Not a problem [biggrin]

Thank you for making it happen and in such short a time too.

A great calculator…very handy to use.

Just one question….is it possible to update the Stamp Duty to include all states/territories rather than just Vic as the default? Perhaps a menu to select the state (similar to the “weeks Vacant” menu.

Fantastic resource!

Looks like confusion reigns supreme. If I remember correctly, Steve stated the the particpants in the MAP would control $1 million worth of property and it seems that Today Tonight said he would make them Millionaires. Two completely different things.

Either way, it would be interesting to learn the details of their progress.

Originally posted by richmond:
It’s a stupid rule, but no matter how stupid the rule is, it should not be different just because the person who breached it is Ian Thorpe, that was the point I was trying to make about Joe Blow.

If a sport is governed by rules, they can’t just cover some of the competitors and not others, otherwise there’s no point…[Read more]

Hi. Finally found some info on crime reates. Better late than never! []

http://www.nt.gov.au/justice/ocp/pages/stats.shtml

Cheers