I am curious as to how this has worked out with you with your approach to the bank last week.  There seems to be so many different things about developing property and how to go about making some decent equity of cash flow out of it…. who would have imagined you would have to jump through so many hoops.

After a recent trip to the US I am interested to read what is happening over there from an investors perspective.

I was also surprised to hear from friends of friends who used to work on Wall Street that they have remained in a property the last 5 years that they haven't paid a mortgage payment on for the 5 years.  This is a house that has 4 …[Read more]

I found an agency that has reduced the rate they charge – because I have an ongoing relationship with the owner of the agency.  I originally had my property managed by the partner of the owner, but was handed over to someone who I don't particularly want to deal with because the attitude I get when I ask something or ask for something to be done a…[Read more]

There was a comment made by a gentleman at conference to an NRAS representative  that some places that have these NRAS properties, the prices are over inflated (as in the property you are looking to buy has a higher pricetag than what it is worth).  In the end you have to do your own DD to figure out if what they are charging is the same as what y…[Read more]

In light of the fact the world has ended up in the state it has with giving only half information…. full disclosure and following sound advice would be the way to go for your long term financial freedom.

Bec

Jamie which accountant do you recommend in Brisbane for setting up trusts?Bec

I imagine that the same rules should apply to buying in the US as in Australia – dont buy in a hood area. For some reason though when people see a property for $10k the automatic thought is to snap it up.  It might be cheap but the consequences can be tragic.  I have american friends that lived in a lovely neighbourhood but the property taxes w…[Read more]

My understanding is that if this was your PPOR prior to you renting it out, and you havent bought another PPOR then you wouldnt pay any CGT (for a  7 year period I think).  If you bought another PPOR then this would be considered an IP and you would pay CGT on the increase.  If you do the latter and you borrowed money then you would have eit…[Read more]

Jamie… Did I miss this deal? I dont see it anywhere on St Georges website.

I went to a renovators home show event about 12 months ago where one of these companies were pushing for housing in these mining towns – overpriced for my own liking.  My brother had bought property in Mt Isa many years ago, and during an uncertain time in the mining industry he sold them for not much more than he had bought them for a couple of…[Read more]

I live in Springfield and really like the area.  I do know there was a time when it was hard to find people to rent property in Augustine Heights because it seemed that little too far out for people – in some cases very few properties rented in a street or renting well below what you would get for the same quality of house elsewhere.  I would s…[Read more]