A number of posts above have stated that Aussies need to obtain a social security number to then obtain a USA bank account.These comments are NOT true, contact HSBC in Australian and you can get a USA bank account and never have to step foot in the USA. I did it 18 months ago, completed the required forms, payed a $100.00 setup costs, waited 6…[Read more]

Thanks, but what does "Price on Application" mean?

Hi all,For someone who lives in Cairns I can say there are good property managers and there are some shockers located in the Cairns area. I live on the northern beaches and work in Edge Hill and must say I've heard and experienced some bad stories and some good ones, however, Cairns is no different to any other city, regional centre, town or…[Read more]

Hi Aroverman,From someone who lives in Cairns and has invested in most Australian states one piece of advise I can recommend you check out is council rates. Make sure you undertake a call to Cairns council and get an estimate of the annual rates. Don't just rely on the real estate agents word… or you could be in for a rude shock…I find Cairns…[Read more]

I used the Professionals – MacPherson Real Estate in downtown Invercargill.They were okay, but that was 18 months ago. Can't recall what there management rates were, but if I recall I rang around and they were the best prior to engauging there services.Hope this helps.Cheers GeoffB

Hi Amaljaya,To answer your question: Yes, Yes Yes.I live in Cairns and subdivided in Sydney, initially attempted to do it myself, got into difficulties, engaged town planner to sort it all out, processes moved a lot better after using town planner.Good luckGeoffB

Kristine,You would only pay tax once between oz and NZ on a property transaction, contact your accountant to get a clearer picture of the processes involved.Regarding Invercargill growth, sorry I left that market more than a year ago and not up to date with the property climate there.Good luckCheers,GeoffB

Hey Cairns,My other half is looking at laser treatment surgery too, her research has shown that don't get it done in Cairns. It's about $4,000.00 cheaper to get it done in Sydney. The saving covers the travel costs and change. We too live in Cairns.Cheers,GeoffB (fellow Cairns investor)

Hi Kristine,I live in oz and had a number of properties in NZ, sold them all a year ago. One of my properties was in Invercargill (such a lovely place)a nd did very well from the investment. My whole experience with NZ investing was very rewarding, buy through to sell.In relation to selling and getting money out, no trouble, in fact I find the NZ…[Read more]

This type of practice if not uncommon, I've had it pulled/tried on me a couple of times. Fortunately, due to experience I thrive on these situations, and now I use it to my advantage. One important point, there is millions of bargains out there in this big world.One time we were in the RE agents office and signed the contract, the agent went a…[Read more]

Hi Martin,Totally agree/repect your comments. My decission was based on risk assessment whether it was right or wrong.I don't want to discussion the issue regarding the Mitsubishi plant issue in this post as it would be hijacking the initial post.GeoffB

This is not answering your question, but when you mentioned Adelaide I recalled reading a news article today about the Mitibushi plant and the its future. 18 months ago I was looking a IP's around the Marion area but stayed away due to the rumours of the plant closing. Every 12 months there seems to be a news report about the plants future, one d…[Read more]

Crashy,I look outside the square to find solutions. You haven't demonstrated an understanding of the solution to the problem I was tiring to achieve, hence all your presented problems. I could respond with solutions to all your question posed, as I did when I undertook the marketing proposal, but I will let you think about them because there all…[Read more]

crashy wrote:
so that would mean your original price was $217k for a property earning $140? a week? what you smokin man! quote]I don't smoke… See Crashy, if you had bothered to read my earlier posts I tested the market out at one point to establish a environment/demographic by offering a new car into the property package, hence yes I did have…[Read more]

Tracey, thanks for response.I'm still of the opinion that if I pay for something I should get it. If I go down to the shop and buy an apple if should get the apple, even is if it has a worm in it.Regarding negotiating for a copy of the valuation before you proceed is valuable advise. I have tried to get a copy of the banks prequalified valuers l…[Read more]

Thank you all for your varying array of comments and suggestions.Since I initially posted this subject I have undertaken some more extensive research relating to this property, especially in the sale price. I have made further phone calls to RE agents and obtained a RP Data report. Although RP Data reports are to be used with caution combined wi…[Read more]

Great suggestion regarding just painting the bricks combined with faux shutters, that's a small cost large value option. Thanks Tracey.The current tenant is on a periodical period term, therefore making the sale cover a broader demographic.It's a long story regarding the colluding issue, it's along the line of directors of trusts/companies…[Read more]

Hi Marc, Tracey and S,Thanks for your valued comments.In response to your questions, yes I have reduced the price (5 times) totalling $34k, and increased the rent in attempt to get a better yield.Your sample links to other properties in the town are unfortunate old, very old. I've been tracking all the properties listed in the town on RE.com over…[Read more]

Hi HoBe,

Not from Brisbane area but Sydney therefore can’t directly answer your question, but the following is a guide for your question answer.

1. Take time out to visit your local council which your land is located. Ask questions, any questions, zoning, regulations, development application cost etc. I find most council are helpful.

2. Make…[Read more]

What effect does this have on Steve’s and Dave’s foundation, and it goals?

I’ve always admired the strategies for the foundation and hope it’s not effected at all?

Cheers,
GeoffB