Sav wrote:
So what would be your advice for me to do at the moment.

Couldn't give you any advice but I am surprised to hear that with 95k p.a you can not afford much in Melbourne. I suppose its not about how much you earn but rather how much you can save and how much does the tax man takes away at the end of the year. Have you done your…[Read more]

Yossarian wrote:
Not good advice to provide to others in the current climate IMHO

First, I 'd like to say that I'm no adviser so I couldn't possibly advice anyone and it shouldn't be taken as such. Secondly , I found the best time to buy property or shares is when the market is looking gloomy. Like in the current climate, interest rates at or…[Read more]

Matt007 wrote:
I have been involved with all this wealth creation seminar stuff for 5 years, done the 21CA, Massland, Nik Hallik, Planet Wealth, etc etc etc. Am I any further ahead? No.

Hi Matt, unless you start your own wealth creation seminars or can come up with some other scam there are no shortcuts to wealth creations. My suggestion for…[Read more]

Scamp wrote:
And together with you , 99% of the people looking for houses have 0 options either. So , houseprice will come down since noone can afford them. Easy enough. Don't invest in property for at least a few years.

There are always options, you may not see them clearly or are to scared of the options but they are there. "Don't invest in…[Read more]

Scamp wrote:

Sav wrote:
What can you buy with 150k?

There's plenty of houses for sale for 150k.

Yes, but would YOU buy them ? There are either in places like Wilcannia or somewhere you'd spend 3 hrs and $300/week to get to work. May as well find a place in the sticks for under 50k and retire on Centrelink benefits. Reminds me of Mitchel QLD…[Read more]

Scamp wrote:
I'm not going to elaborate on why the property market is crashing, suffice to say that it will crash much harder and faster than anyone expected ( well.. except perhaps me ), and don't expect a minimal 10% or 20% drop, expect 50% drops all over Australia.

You sound like one of my ex-neighbors I used to have here in WA. He owned a…[Read more]

frosty1 wrote:
hi,doe's all rendering need painting?or can the colour be put in the actual motar?

Hi frosty1, you don't have to paint it . If you're happy with a limestone look just use cream cement,sand and hydrated lime. Otherwise you can get different oxide colors to mix into the render. I prefer the rustic look so I don't paint the render…[Read more]

Luke.S wrote:
Has anyone rendered a brick house ??

G'day Luke,Not as easy as it looks when the pros are doing it but it can be done if you have plenty of time, a few tools and a strong arm. If you don't have the later don't worry, you WILL by the time you finish the project. I did some brick fences last year, about 160 sqm took me almost 3…[Read more]

tanjaa wrote:
I have 2 properties (one which I reside in) and a year ago, I bought a block of land with the intention of building on it around this time now (thinking the equity I have would enable me to borrow). Unfortunately, I am unable to borrow and with the current market, am unable to sell it at a profit.

You could look at renting your…[Read more]

Scamp wrote:
They offer them fair market value, which is 50% of what these idiots paid for their houses,

What exactly is fair market value ? If a scammer cons someone to sell them a property at 50% of the average price for a suburb does that bring down the fair market value for the whole street by 50% ?

Scamp wrote:
Stupid spruikers, defending…[Read more]

Scamp wrote:
Sell.The market will keep going down until at LEAST 2010. Then it will stagnate for years.

You seem very certain of this, care to share with us how do you know that FOR SURE ? Not that you couldn't be right Scamp but there are a few "corporate vultures" and "entrepreneurial predators" around as Graham Samuel puts it who could be…[Read more]

ItalianDragon wrote:
Imagine the next few years when petrol will cost $2 a litre, then $3 , then $5 and eventually $10 a litre.Do you think it`s not going to happen?

I'm sure it will, I remember when petrol was under $0.30 /Ltr but I also remember the average house price 10km from CBD was under $30,000 at that time. Sure you can wait for the…[Read more]

Probably a push by tree-huggers inside the gov. to save our foreshores from future developments and buy back the land on the cheap. They must be from the place where they stopped the wind generators from going ahead because of 1-2 suicidal parrots flying into the blades . If the guy wants to build near water on his own block let him, who cares…[Read more]

The interest rates have moved up quite a lot in the past 2 years so you'll probably find that your landlord is just trying to recover some of his extra costs rather then  "trying to cash in on."  He's probably paying 2-3 times that amount on mortgage repayments. You could try threatening to move out  and hope he won't call out  your bluff. For…[Read more]

I'm stuck with Rams(RHG) until October when my exit fee drops to 1% of the loan then I'll them them where to shove it and move to a bank. The only reason they get away with increasing the rate whenever they fill like is because of the high exit fees. Things will only get worse as more of the "good" clients get past the high exit fee period and…[Read more]

I have a Lowdoc with Rams and they WERE alright. Since they got in financial strife they've been putting the rates up monthly (currently over 10%) and the high exit fees just not makes it worth changing lenders. Not for a few more months yet when the exit fees drop to 1%

Pendo,have a look at South Yunderup, it has all you're looking for and more.Cheap canal properties, developments near it and around Pinjarra, low demand (or oversupply caused by retirees taking advantage of super changes) and a future freeway ramp and shopping centre to be built at its doorsteps over the next 2-3 years.

Thanks everyone,
certificate of occupancy – that’s what I was after.

There was no notice given, not that it would have made any difference since my land was empty and vacant at the time. According to the fence act I don’t have to pay for it until I have completed a substantial building on the land. What I couldn’t find is any reference to WHEN is a building considered completed.

From my understanding of CG tax which could be wrong,

2) You only pay CG tax on any increase in price since you’ve started renting it 4 years ago
1) You’ve already owned the land for more then 12 months, only it wasn’t subdivided.
To work out the tax due you’d need the value of the property 4 years ago plus development costs taken out of the…[Read more]