MJT is probably correct to a large degree. ABS might go off boundries while RP might go off postcode. Also RP might be a bit more bullish in how they figure population changes.

Also there has been a large migration to QLD from Sydney, etc so that may play a large part.

Of course this is simply my opinon.

Rgds.
Lucifer_au

You need to consult a lawyer who specialioses in property for this one.

With a wrap you can still qualify for FHOG. In which case property stays in your name untill the last payment.

Rgds.
Lucifer_au

You have to live in it for a period of 6 months to qualify for the FHOG.

(Your brother was right, but now the laws have changed).

Rgds.
Lucifer_au

Roseberry is, well an interesting place….

In my mind their are quite a few negatives:
~50% of the people are unemployed
~Houses are trashed by tennants (too often, compared to other places -see unemployment).
~The house isn’t really massivly positive geared.
~Zero Cap Gains for foreseeable future (it’s already had it’s high growth rate).
~Very…[Read more]

You can positive gear – even in Sydney!

You just have to do it differently, through wraps and Lease Options. Check out the Getting Creative forum – https://www.propertyinvesting.com/forum/forum/28.html

The important thing to remember is why you’re investing. Are you investing for the cash flow? (which case Wraps, L/Os) or for the asset? (hou…[Read more]

“here is quite a bit of work involved to keep the data up to date.”

Buy the local newspaper and look at rentals – quite easy.

Or go to the web site and find the nearest suburb:
http://www.realestate.com.au/cgi-bin/rsearch?a=bhp&t=ren

Rgds.
Lucifer_au

Fantastic post bwiemers!

Your on your way already!

Rgds.
Lucifer_au

“Are you prepared to pay for good quality information or are you content to rely upon freebies prepared by junior punters?”

I hardly think Home Price Guide is prepared by junior punters.
And as for RP Data:

“The size of X is approximately 16 km². It has 13 parks covering nearly 17% of the total area. There are 4 schools and 2 childcare c…[Read more]

Ummm… No. With a trust you pay 15%.

Rgds.
Lucifer_au

With commercial property, you usually can only borrow 70% from the bank, so you have to stump up large deposits (round 30%).

If your looking for a secure tennant then you should probably buy something close to the city as it’s easier to get another tennant if they move out.

Mortgage application fees might be higher because banks may have to…[Read more]

Now back to the topic at hand…. (these posts seem to jump around a bit![tongue][wink2]

Charging high prices for seminars is just greed – as simple as that. If a presenter ran a seminar over two days, charged $200 per person and attracted 100 people, he would gross $20,000. Do that only six times a year and it’s a good yearly return. You get the…[Read more]

Yes, $350 for 15 minutes appears way overpaid.

>What happens if she could teach you to swing like Tiger Woods, wouldn’t people be interested in that? What happens if she could provide a way to save thousands with your super? Is she now massively overpaid? What happens if she provide that knowledge which also allowed you not too rely on the Gove…[Read more]

As an investor I look at problems like this from a different angle.

I look at the rate of return I can get Vs. the interest rate.

So for example if I could make 25%, and the interest rate was 16%, then I’m 9% ahead. Of course there are other factors that go into this, but thats how I look at it.

Of course you might not been in the same…[Read more]

1. No CGT is payable at all because it is considered trading stock.

2. A wrap is where your loan wraps arounds the banks loan (very basic idea of it).

Go to the creatie section for more wrap Qs.

Rgds.
Lucifer_au

When buying negativly geared properties put them in Unit Trusts – Not family/disc. trusts. You will have to do some fancy foot work to get out of this one, so do check out Chris Battne.

Rgds.
Lucifer_au

I’m not a mortgage broker, but as I said before I cannot recommend them for anything.

1. Loan Products are substandard:
~Will not allow uncrossing of securities
~If any more IPs bought via NAB they have to be crossed with current securities.
~Only reduced interest rate if i pay a application fee
~Limited lending because have interest only…[Read more]

“He talks about a property in the book yielding around 15%. Show me properties yielding this much. No good saying they are out there if they are 1 in a 1000 – you’ll never find them no matter how good you are. How about a bit of reality?”

From what I know of the US market find a deal that can provide 10-12% is relativly easy to find (mid-west).…[Read more]

If you have a good team, you don’t need to physically inspect th house. But saying that it’s always a good idea to have a look at the area the property is in, etc.

Rgds.
Lucifer_au

Well number one – congrats on getting your feet wet! There are many who never even invest, at least you have. All you have to do is take corrective action.

I would start by having a look at owner finacing as an option. This is where you sell your apprtment on Terms, so instead of getting one lump sum (from selling), you get payments that cover…[Read more]

I would buy a couple of properties, but hay thats me…

Or you could invest it with omeone whos doing RE deals (i.e. cashflow deals not capital gain deals).

Rgds.
Lucifer_au