Forum Replies Created
Im sure those that lose in one way will work something out in another though, dont you?
and you dont think we dont already pay for that?
think they factored a few things in already [evil4] called the ATO
try australian institute of quantity surveyors and email some
Kinda makes ya wonder, given that the govt hasnt got enough housing for those on the dept housing waiting list, last I looked it was a 8 year wait, but that was 10 years ago.
Given this, they turn to private rentals, subsidised rents to low income people, or those on benefits who in many cases would find it hard to own their own home, some aspire and make it, others have no intention of doing so, heck why would they when in many cases the water rates are paid, the reparis are done, the rentals are cheap (based on your income)- but like I said they cant meet the demand……..
I hardly think the govt would do too much to kill off the investor that provides rental accommodation for the tenants they cant manage!
What investors sell up and move into what gold?Dont think so, might free up the houses, might drop the market, might have oversupply, might make a squillion on CGT, but then what? Oh golly no millions from stamp duty!
dont worry they get us all at some time…..
elves
Viridian has been around for a long time, it was used by the once State Bank before CBA got them, why dont you ask what they can do for you re rates, tell them you have been told where you can get lower rates…lots of products for different reasons and with varying rates.
I have had experience with CBA in business before and prior to that State Bank, which was once called something else before the name change.
Personally, I dont bank with CBA.
When you consider how many banks have been swallowed up by others over time, you kinda wonder if there are differences! Now I am showing my age!
Shop around and dont be afraid to put the hard word on them. Hope you arent locked in on fixed rates at that!
Elves
Pardon moi if I get it wrong, but surely there is a need to service the loan?
So G, if you got a loan on casual wages and at good rates, good luck to you, maybe your casual wages are more than an average wage, but we dont now this….casual is not necessarily what some consider or think of as ‘not good wages’.
I could work less hours and casually too for more money, problem is it would not be permanent for me…
I am happy with my fixed rates with my bank, I have built up a rapport that goes beyond just a customer basis, so I will stay where I am for now
cheers
George I have been involved in three partnerships, only one had a written partnership and this was ok. I did one only for ATO as a partnership.
The other partnerships were agreed to verbally, and these worked equally well. though for taxation purposes any income earnt was split and we included this on individual tax returns, all legit.I think for safety having said the above that even if you know people, better to be safe than sorry, make it written, both to agree at the time and have out clauses. People’s lives change and they need to have some movement.
It is hard to find people of like mind and so motivated, but for future reference, and based on your own experience, you know that it can be onesided. I suggest that the goals and plans are written and that each person is allocated tasks, maybe the other person lost interest because you took over? or took control?
Maybe they got bored becuase it got too hard, or because you did all the work and took all the credit and they didnt have a chance?
At the end of the day only you and the partner know what went on, everyone likes to feel they are contributing but you do get those that sit back and do nothing….
cheers
Elves
Well I go to them nearly every year, now for less people Friday suits me. (not a big groupie fan) But then I work so maybe not.
Saturday, start to finish is ok with me.
Sunday, no I need the day to recover before I head back to work, or I dont feel Like I have ever had a break.Would be nice to meet a few faces, but if it isnt to be, it isn’t, Im still going in any event..
so can you all wear name tags!!!!!!. CHAN, KAY, mind you I dont think walking around with ELVES is a good idea [blush2]
Thanks Kay & Rugby
I bought for the capital gains……not for the tax man though![biggrin]
I bought for being new
I bought for self management
I bought for being mananged
I bought for the lower price Under 150k
I bought to help me get a property portfolio that was bringing in the income
I bought for the looks and feel and the new buildings that wouldnt cost me anything for a few years *hopefully*
I bought to fund my retirement
and eventually I will do what Kay does and buy for the place to live type….cheers and thanks
I can tell you that the property market in and around toowoomba has been decent in fact hard to find land for sale I am told.
Elves
Good on you and good luck thanks for sharing.
I have to like a property I think, wondering if this is a woman thing? not being sexist or anything.
I guess I would like to think that if I was renting it what would I be looking for? and it wouldnt be a dog kennel, so I tend to think this way when looking to buy, maybe not a good stratgey but its mine and I am ok with this.
As for missing out, I agree with Kay, you can miss out for playing the game a little hard, I guess I would add though, that if this is the case, you either werent meant to have it, or the other person was!
Alternatively, get a real grip and be realistic, or you might keep missing out. But then again you might be the lucky one and get a bargain! Only you can be the real judge, if you dont put in an offer you may never know….
Elves
Can I suggest you might look to buying in two ways;
1) two blocks as you suggested and then get a DA approval and sell this, there is money to be made doing this without the expense of actually building.2) buying a da approved site, and then building.
The reasons I say this are that if you are short of equity or the financial nouse, then this might be a step in the direction you need, the 1st suggestion might give you more funds and less outlays.
I dont think architects are necessary, but depending on the councils, certain restrictions will apply, both to zoning and to types of buildings permitted, noty to mention neighbour complaints…..
You will need a builder if taking this track and if the devolpment is larger a project manager (can be yourself).
Finance for this kind of project is available, and often there are the downpayments to be made at specified times, banks who finance this often release funds as per time schedule if satisfied I guess.
My friend bought to blocks, zoning was right for her project, building 6 units, with views, they will make approx 1 million from the deal. but I think their project got a bit heavy duty. Building fell behind, costs escalated, there was colateral involved and a huge mortage. But this isnt a small duplex so I dont mean to put you off.
In theory it is easy, the reality cna be a nightmare.
Elves
There are a number of websites that you can list your property, do it yourself style, they may have tips, but I havent been to any to check them out.
Elves
Don’t quote me! But in any event you are paying and being charged for a service they are failing to provide, now I dont know if you have some come back, but check out the department of fair trading too.
Elves
besides abs, which can be out of date too, you can also look at your local council, or other councils, they often have websites with info on them, more demographical stuff, but worth a look anyway.Seach for local gov, or councils in the area you might be looking. Actually some tourist sites arent bad either, gives you asn idea of the area, try NRMA for the state and town you might be looking at, at least you get a run down of say motels, the tourist side of things entertainment and things to do, might show you that actually one town has ‘Bug all’, which might mean, few people, no income….
Try looking in the local weekend papers, tells you suburb prices and sales for properties.
Just a thought
Elves
I bought this property program allows you to view to buy, and then gives you the break downs over the years, it is amazing really, some places can take as little as a few dollars a week from your pocket and be negatively geared, for taxation purposes this can be an advantage.
it depends on your situation. Not all neg properties are bad, especially if they are in growth areas. Take into consideration any depreciation, which over time runs out! This reduces your write downs for tax purposes, so I suggest you look at your own pciture and consider if propoerty neg, pos or neutral is something you might consider…
just thinking aloud!
Elves
My bank said they would lend for overseas markets.
They have a section that deals with international properties which means it would be taken out of my bank managers hands and I didnt like that. I get on well direct with him.He came up with this solution, he checked my investments and worth, offered me a line of credit that I can use as I wanted….not sure at this stage if this is the way I want to go, but it gives me the funds to draw on should I want.
Elves
there have been some large increases in some areas up the central coast.
There was a checklist someone posted, I like to know things like rates, whats happening in an area, population, amenities or services nearby eg schools, shopping centres.
I call these the external factors that might influence my purchase. Then the actual house, looks arent everything but like what we do with fellow humans, we have already assessed them in the first few seconds, we either like or don’t, yet we base this on no real fact or do we?
Nitty gritty, it depends on what you are looking for eg units? houses? How many rooms? large yard, no yard? I thik a lot is common sense? Best to get pest and property inpections too
elves
Well given I logged on late….
I drove mother to westmead hospital, and back.
Sunday went to a 60th party at families and read the 1944 Sydney morning Herald, talking about Russia and bombs, and then to the property section….those were the days….!boring weekend really!
