150K? I would buy 5 duplexes or triplexes on the Eastern seaboard between Noosa and Cairns. $20K down payment. 10K costs.

PS. FATBOY. Do you ride one or do you have a bit of a beer gut?? [] I have an XLH 883. Just had it painted purple. Nice little girlie bike.
Fibejebe.

We pay half the excess over the summer months to encourage the tennant to water the garden. (We are in WA.)

quote:
Fibejebee

I’m unsure how it works if you both have a PPOR, however I think you can both claim it as PPOR when selling if you don’t buy another house to claim.

Does that make sense?

Kinda. If we both move to SA and stay in rental accommodation ourselves, then technically we do not have a PPOR. So we can both call our existing houses…[Read more]

Holy macaroni. There’s a fair few of them isn’t there?
[]

quote:
what does GV stand for?

Government Valuation.

We have a couple of retirement usints under construction that will settle in 4-5 months. We do not pay anything on them (not even a deposit) until there are tennanted out.

I have a workmate who has bought property in Broome (x2) and both times made it conditional on it being rented. I think you have to be a little careful on this tho as they may…[Read more]

Found one in a real estate agents window last month. A couple of hours out of Perth. $20K. Rented to the CWA (Country womens assoc) Looked structurally sound. Was double brick etc.
Fibejebe.

Hmmm. Not too sure about these guys when they put Margaret River in Mandurah (Western Oz). I think they need to invest in a good map before they go listing properties on their site. If I had paid them $495 to find my place in the wrong region I would not be amused. And as a potential purchaser, I am not interested in filtering out those that are…[Read more]

quote:
as i posted before, http://www.naf.net.au

Thanks Foodie.

quote:
http://www.australiarealty.com.au

Thanks for that Sunshine. We will check them out too. Guess there is no reason why we cant list it on both sites. More likely to attract interstate buyers on australiarealty by the looks of it.

I am selling my PPOR as I recently got married and we have moved in to my hubby’s house. My place is a townhouse on…[Read more]

We would like to help my husband’s son own their own home. He is 30, married with three kids, currently paying $200 per week in rent.

Apart from if we win lotto and can gift them the deposit, we will have to recoup our contribution. What is the best way to do it?? Wrap? Lease agreement?? Lend them the deposit?? Other??

Fibejebe
[8D]

Bill,
Any chance of parts 1,2 and 3. We are just about to sell our Townhouse and are contemplating doing it privately. My husband has been a Real Estate agent in a previous life. The townhouse was my PPOR before we married so if we sell now, then no CGT.

Thanks heaps.
Fibejebe

Why is it that people are so scared of paying tax? The more you pay, the more you have earned. I would be worried if I was only paying 30% tax as I would not be able to live off the nett income. I therefore pay my 50% and look for legitimate ways to reduce it legally. However, I would still rather earn $2 and pay $1 in tax, then spend $2 to get…[Read more]

Yep. The Sydney Telegraph predicted that house prices were going to fall 20 percent. They may be right. Just not sure when tho as that prediction was published 7th June 2000. Can’t believe everything you read. It keeps the pessimists happily sad tho. [8D]

The Hannas do the majority of their investing in Sydney from what I gather. They are now doing 40 unit developments tho not 4 unit ones.

quote:
HI THERE,
so are these development sites at $290000 in certain areas? In Sydney, I guess it won’t be quite the same.

anch

Hi MikeeJ,
OK I have searched their little workbook and can not find where it says copyright and need permission to reproduce etc so guess it is OK for me to post this here. This is just an example of what they did themselves. That does not mean that it will work for you exactly as per the scenario every time.

Can’t find $7900 into $225,000 but…[Read more]

Unfortunately we don’t get the same opportunities over here on the West Coast. I can HIGHLY recommend the Hanna seminar tho. Here is their schedule. The 3 hour one is less than $70 so a very cheap investment. They actually tell you in it how to do things rather than just a promo for the workshops. Their website is morganpacific dot com They have…[Read more]

David,
Just checked out your webpage. Can you advise of a good quantity surveyor in West Oz? We have two investment properties in Mandurah that we need depreciation schedules on.
Thanks,
Fibejebe.

Thanks Mel,
$1100 better off so far. Now that’s what I call positive cashflow![]

quote:
Forgot to say Fibejebe – congrats on quitting smoking!![][][8D][][]

Cheers
Mel

Taylah,
I bought a property for $116,000 July last year. Rents for 150 per week. Does not meet the 11 second rule. [] However my hubby – the excel wizard – did the 12 month spreadsheet on it and without depreciation I am out of pocket on a P&I loan $28 per week. [] If I was interest only it would be cashflow positive. [] HOWEVER I kicked a $55 per…[Read more]