Facebook is the largest database you’ll ever have access to, to market your product.

You can select who you want your ads to show up for based on all sorts of criteria like age, sex, interests/hobbies,marital/relationship status and location. For example within a 50 mile radius of Perth city.

You only pay when somebody clicks your ad, not just…[Read more]

Can you increase the rent? Or make any improvements that will justify a rental increase?

Can you refinance or do anything else to reduce the holding costs?

If there’s nothing you can do to improve the situation, I’d suggest having 3 rea’s value the place and work out what it will cost to sell. Work out exactly how much you’ll get out with, apart…[Read more]

Maybe because I was in England when the GFC hit and have seen so much worse, I can’t help but feel pretty happy with the financial situation in this country. Certainly at least by comparison.

The government almost operate neutrally, with a slight deficit (compared to UK/US/Europe etc) pretty sure that’s rare. Unemployment is low, the currency is…[Read more]

Its not really property investors who are facing foreclosure though typically its first home buyers and low – middle income earners  who are most at risk? 

http://www.brokernews.com.au/article/foreclosures-to-dramatically-increase-143913.aspx

Doing all your spending on a credit card with low/no annual fees gives your savings an extra 56 days to earn interest before you pay it off in full each month.

you get a lot more buyer protection and can get other perks like air miles etc too.

just need to be disciplined and make sure you always pay it off, and never draw cash out on a cc you…[Read more]

sounds like you turn it into a HMO (house of multiple occupation) ?

For that you need stuff like planning permission (not always easy to obtain as you often need adequate parking), fire doors and smoke alarms to all habitable rooms, sprinklers, emergency lighting, fire extinguishers, emergency procedures etc (pretty much what you need in a b & b)…[Read more]

If you’re around Clarkson I know of an agent charging 2.5% on the basis any more would be a bit cheeky as properties are pretty much selling after the first home open. We’re finding there are a lot of people at the home opens we got to (as many as we can fit in) looking to spend the kind of money you’re looking for.
Feels more like a seller’s…[Read more]

Down 3.8% in 2011 and 0.4% in 2012, does that mean the downward trend is slowing?

If you look at the graph here instead of the media release it shows it in a bit more detail, with units included not just for houses so you get the bigger picture;

http://www.rpdata.com/research/monthly_indices.html

Could result in a number of investors finding themselves with property they can no longer afford to hold, especially if their employment situation were to change too?

Arnold Scwarzenneger.

I've never been a massive fan of his movies but after reading his book 'totall recall' you can't be anything but inspired by the things he's achieved over the years. Every new year he would write down goals and then pursue them tirelessly. Any normal person would feel successful if they accomplished even one of the…[Read more]

Try Mr T

[email protected]

Thanks for your help!

I appreciate I only get the FHOG & stamp duty concession when buying first ppor, so I guess the only question remaining is how can I buy an IP now, without fhog but I will have to pay stamp duty and also without forfeiting my eligibility for those two concessions when I buy a ppor later next year!?

Surely there must be a…[Read more]

Thanks jclimie.

I figured it probably had been covered at some point but couldn't find the thread when I searched.

I have been told since that I can still qualify for FHOG later but will lose the stamp duty concession by buying IP before PPOR. However, according to http://www.finance.wa.gov.au/cms/content.aspx?id=2011 if you qualify for the…[Read more]

Any ideas anyone?

I have no problem with a bath with a shower over and think it will appeal to more potential tenants now and buyers later.

It's also much less plumbing, tiling and grouting (costs!) than two separates.

If anything, Is there room for a bath that gets slightly larger at the shower end without overcrowding the bathroom?

PS I know in WA they tend to…[Read more]

Thinking about it do you have an offset facility on your home loan should probably put the 70k in there to reduce the interest, will still be accessible when you need it?

Have you tried grovelling

What a shame, fingers crossed you get all you’re entitled to

Why the hell do you want to quit your job, can you survive on 18k a year? Your home loan repayments must be around 14k a year, before bills? Do you have a car?

How will you quit your job but still earn 18k, just work part time?

Are you refinancing ppor to buy investment property or using the 70k cash? Is that the money you talk about overseas or…[Read more]

Can’t you work any harder to reach an agreement out of court? Even if you have to concede a couple of things you are determined to win you might still end up better off than paying all the solicitors and court costs. You could even lose those things in court anyway.

Will be great negotiation practice for you and will surely be the most…[Read more]

More discussed about depreciation schedules here 
https://www.propertyinvesting.com/forums/help-needed/4346276
ATO give property a lifespan of 40yrs (i think) and varying spans for other fixtures & fittings so you can claim depreciation annually and save far more than what the schedule will cost you