Your assuming that first the market is a “efficient” market. The stock market is not efficient market and if thats not efficient (with all the rules, regulations and requirements) – then the property market is very inefficient.

Secondly many people buy property or sell property for totally emotional reasons, and because of the time it takes to…[Read more]

It’s cooler than Qld… And wet like Darwin…

Getting back to investing… I still wonder about the ability of Tas to keep attracting people (only in the last 3-4yrs has tasmanias growth gone from negative – losing population, to positive – immigants come to tassie from Aust +Other).

Rgds.
Lucifer_au

At a bare minimum he should have a sperate trading account and a ER (emergancy) account, so if he ever has draw downs (when he loses money) he has got money in the seprate account to support himself. The best traders usually risk less than 0.5% when using their RE account (0.5% of protfolio on single trade). I suggest he checks out a guy called…[Read more]

There i a book by Dolf De Roos called “101 Ways to Massively Increase the Value of Your Real Estate”. Some people dislike the book becuase it too simplistic… But it provides exactly what the title says (so sometimes you can judge a book by it’s cover!).

Rgds.
Lucifer_au

Just because you can find the properties dosen’t all ways mean that you can buy the properties. This occurs for a number of rrasons – for example the Mortgage Insurer might only alllow 4-5 properties to be bought in area (if over 80% lend). Also finding large cash deposits can be hard.

But of course always do you due dilligence first (which you…[Read more]

Tassie is good. All I am worried about is if the population starts to decline again….

Also perhaps (in the long term) tassie prices won’t rise as much as they have (tassie goes for very long periods with zero price rises).

Anyway Good luck.

Rgds.
Lucifer_au

I agree with redwing. I don’t think you can get an extra $30 per week for air con. Also are people really willing to pay extra rent for landscaping when (if it’s units) it dosne’t really effect them?

Perhaps find some other CF+ property and make it neturally geared.

Rgds.
Lucifer_au

Your dauhter will have to live in the property to be able to claim the FHOG. Also she will have to work and have 6 months of savings.

Use http://moneymanager.smh.com.au/tools/calculators/borrowingpower.html to check out how much you can borrow.

Please be aware that debt is like a double edged sword. It cuts both ways – and it can cut deep.

As…[Read more]

Well you can buy some drink vending machines. You can buy them for around $600. In a good site you can make quite a few extra $$$. But the downside is labour intensive (but that shouldn’t matter too much because you are still in school and usually get the afternoon off).

Rgds.
Lucifer_au

I’ll give a general, vague reply if you want.

Add an extra $5K for stamp duties (roughly NSW stamp duty will be $13,940).

Rgds.
Lucifer_au

Can i legally break a contract?
Usually you get your solicitor to give a notice to complete to the old buyers. Uusally that gives them some extra time (you can’t just pull a contract and keep their deposit because for example the bank takes an extra day after settlement to get its act together). But it usually only happens after the settlment date…[Read more]

As Steve says – go for the one that provides the nicest lollies.
From memory ClearDocs dosen’t provide any… [confused2][biggrin]

Steve’s avice is very good.

Rgds.
Lucifer_au

As the others said ‘it depends on your goals’.

Some people just want enough to support their lifestyle if they were fired (where they would find another job quite quickly). Others use it to add extra luxuries (or other – education, etc) in their life (as an example the once in a lifetime holiday for the family every couple of years orpay uni…[Read more]

What was your first investment?
-> Coins (Mint – should of gone with Gold/Silver).

What are your investment goals?
-> Well they were retirement. Now, I guess I just like the challenge.

What’s the best investment decision you ever made?
-> To decide to invest. And to keep investing.

What’s the worst investment decision you ever made?
-> A shop…[Read more]

Well it depends….

you didn’t put your cash down, but you did put your equity down, so it is good to run the figures on that (you could always people your money into other investments that give a higher return, so you should know what return you are getting). Check out http://www.jaffasoft.com

Rgds.
Lucifer_au

While it can be bad if all your rentals go empty there are strategies for avoiding such a risk. The first is if you have a lot of properties then you will probably find that a % will always be rented, the second one is to buy cheaper properties as then you can afford the repayments if it does go vacant for a period of time. Alswo you can carry…[Read more]

ROFL!!!!

Now he will never come back!!!!

Excellent!

Rgda.
Lucifer_au

Well you could go a flat tax rate of 30% (through the use of a comapny), or go up the tax scales before and when you go past the 30% PAYG rate, you switch your income to the comapny tax rate.

We need more details of what he is proposing.

But I don’t think you should listen to him because it’s all illegal! All of it! Everyone pays their fair…[Read more]

If yoiur a developer it’s better to put it in a company name. This will reduce your lawsuit exposure. Also since you developing you are considered to be trading stock (rather than just buying and renting out, etc) and you get some very nice tax benefits, so I would recommend a company.

I would see an accountant who specialises in taxation for…[Read more]

(Bicheno is in the North East of Tas).

Yes much higher CGT on the East side. I don’t see much in cap gains for a while on the West Coasr (unless moon landscapes become all the rage! L0L).

I do a worry about the growth rate of the little island a bit though… Any thoughts?

Rgds.
Lucifer_au