Total Members: 159,197

hleung

  • hleung replied to the topic Tax variation form for negative gearing in the forum Legal & Accounting 16 years, 11 months ago

    The title of the form is Income Tax Variation Withholding or ITV W and yes it can be obtained on the ATO website.

  • hleung replied to the topic Best investment strategy? Advice needed in the forum Help Needed! 16 years, 12 months ago

    AngB wrote:
    Hi there, I have a situation and would love some suggestions/advice. IEither way, I know she gets quite daunted at the thought of doing any of this on her own as it's a world of the unknown for her. I've mentioned a few of the above options and have suggested we go and see an accountant together but just wondered if anyone had any…[Read more]

  • hleung replied to the topic no rent for six months in the forum General Property 16 years, 12 months ago

    Milly wrote:
    I don't manage all my properties and two of three I do manage have the best tennants you could wish for. Now the other house with granny flat out back (kippa ring for those that are interested) have been a constant battle from day 1. I regularly ring the couple in the house to ask where my rent is this week. And the couple in the…[Read more]

  • hleung replied to the topic REDCLIFFE MANIA in the forum General Property 16 years, 12 months ago

    [quoteThere has been a lot of talk about booming chermside (about 15k's out from CBD) The reason it is so popular is that so many of the properties on lots as small as 420sqm can be pulled down and replaced by four townhouses. Most chermside properties are post war so no worry about heritage listed colonials.milly[/quote] Milly, Chermside is 10kms…[Read more]

  • hleung replied to the topic Property managers in the forum Help Needed! 16 years, 12 months ago

    I've used small and big agencies.  I prefer a big agency as the small one did not have the resources to provide a decent service to me.  Where are your properties?  I could recommend a couple of good agencies in Brisbane.

  • hleung replied to the topic Adelaide or Brisbane in the forum Help Needed! 16 years, 12 months ago

    Evan12 wrote:
    Hi Xenia,I was looking on your website. I wonder if you also provide service or help regarding building. We already have held a land and waiting for settlement mid of December.I've been to some seminars where they sell off the plan with guaranteed 6mos rent, but our lender's evaluation found the building cost more than normal so we…[Read more]

  • hleung replied to the topic Adelaide or Brisbane in the forum Evan12 wrote:
    Hi Xenia,
    I
    16 years, 12 months ago

    Evan12 wrote:
    Hi Xenia,I was looking on your website. I wonder if you also provide service or help regarding building. We already have held a land and waiting for settlement mid of December.I've been to some seminars where they sell off the plan with guaranteed 6mos rent, but our lender's evaluation found the building cost more than normal so we…[Read more]

  • hleung replied to the topic inner city Brisbane apartments in the forum Help Needed! 16 years, 12 months ago

    perryjudd wrote:
    once again thanks for the ongoing comments….Take off 21840 in rental income that leaves $9560 out of my pocket, which is affordable on my meagre full time salary.I know that if I buy a house and land I would have for fork out considerably more to make up the shortfall between rental income and interest repayments, not to…[Read more]

  • hleung replied to the topic inner city Brisbane apartments in the forum Help Needed! 16 years, 12 months ago

    Your figures are interesting and you make some good points, Jon.  I think that we need to take a macro approach rather than concentrate on one suburb which may not typify potential returns on houses or units. It'd be good for others to get involved with this "debate".  Over the past 2 years, I've read books and gone to seminars run by what I c…[Read more]

  • hleung replied to the topic inner city Brisbane apartments in the forum Help Needed! 16 years, 12 months ago

    perryjudd wrote:
    thanks for your thoughts… I guess the idea with the fully furnished ones is that they go into a corporate rental pool. But you have a point. Do you think that that type of structure would limit your range of possible tenants? Seeing as the building value goes down over time, therefore capital growth is less than for land,…[Read more]

  • hleung replied to the topic inner city Brisbane apartments in the forum Help Needed! 16 years, 12 months ago

    perryjudd wrote:
    I'm looking at investing in a Brisbane CBD 1 bdrm apartment. The returns look very attractive compared to buying a house adn land in the suburbs. ie >$400 pw on a low 300's K outlay. What are the pitfalls of investing in apartments? Any ideas on the capital growth prospects of this type of investment? And thoughts on buying…[Read more]

  • hleung replied to the topic Can I claim interest ? in the forum Help Needed! 16 years, 12 months ago

    I got a ruling from the tax department on this in May 2007.  You definitely can claim a deduction on the interest to date.  Your accountant is correct.  It's all got to do with your original intention. If you bought the land with the intention of building on it for investment purposes, you can claim all the interest that you paid.  You don't hav…[Read more]

  • Rus D wrote:
    Hello againI regret posting anything here because I hate getting into discussions with negative people. I was only trying to help, while you (foundation) seem to be determined to put everyone off property investing. I’m sure you think you’re helping people too, but I feel you might be scaring them off.   Check back with me in 5 to 1…[Read more]

  • hleung replied to the topic Is property investing really all its cracked up to be? in the forum foundation 17 years ago

    foundation wrote:

    Tysonboss1 wrote:
    remember that the most capital cities have averaged close to or above 10% growth long term,…. and the rent generally increases faster than inflation,

    Rubbish!

    Have a look at the latest Residex report on residex.com.au/newsletter/source2007-11bMC.html.  In nearly every area in Australia whether it be…[Read more]

  • hleung replied to the topic Moral dilemma – what would you do? in the forum Help Needed! 17 years ago

    Hard one!!  I regularly keep my rents below the market.  All my tenants are paying $20 to $30 below market rate.  However they are all great tenants some of whom have been with me for over 5 years. One tenant has painted quite a bit of the house – I offered to pay for the paint but she wouldn't accept it.  She has also bought and put in her own bl…[Read more]

  • hleung replied to the topic Fixed or Variable Rates: What are Mortgage Brokers Advising? in the forum Finance 17 years ago

    I recently read a study ( sorry can't quote it because I printed it out and gave it to a friend) which stated that in 83% of cases, people are worse off fixing their interest rates compared with those who stayed on a variable rate.  The research was conducted over the last 7-10 years.I would never fix for any more than a year as anything could…[Read more]

  • hleung replied to the topic Adelaide or Brisbane in the forum Help Needed! 17 years ago

    eller wrote:
    Thank you so much propertypower. I think I will hold it for long time. Cause it is my first investment property, so all your guys advices are so helpful to me. Really appreciate!Kind regardsEller

    Eller, just for interest – which city have you decided on?  Is it Adelaide or Brisbane and why?

  • hleung replied to the topic Buying sight unseen in the forum Help Needed! 17 years ago

    Scott No Mates wrote:
    hleung – what is the basis of the valuations? Mortgage purposes or sale? Two different objectives considering who is paying for the val to be undertaken.There is no difference between the bank's valuer and your own, only the purpose of the valuation. They will rely on the same data and undertake the same process however the…[Read more]

  • hleung replied to the topic Property Manager Rates in the forum General Property 17 years ago

    diclem wrote:
    What state are these properties in?My property manager charges 5% plus GST (5.5%), One week's rental for finding a tenant, and nothing else.He also calls us first for all maintenance as hubby is a tradie.I'm in Victoria and the rental market is very strong in this particular area.

    Wow, that's cheap!!  I'm in Queensland and can't…[Read more]

  • hleung replied to the topic Buying sight unseen in the forum Help Needed! 17 years ago

    I went to a Property Seminar recently where Margaret Lomas was a guest speaker.  Margaret has 38 properties scattered throughout Australia and is the author of a number of property investment books.  She mentioned that she now buys all her properties unseen.  I think that she uses trusted agents or buyers agents.  I have done a google search on M…[Read more]

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