JD,

I have a dual key unit in Spring Hill which I bought about 2.5 years back. I think our investments will do well over time.There’s a lot of -ve and +ve talk about Brisbane CBD.I’m for the +ve.Incidently I have also bought another, off the plan due for completion 06.

The figures u state are intersting. It would appear that you think u have…[Read more]

Hi Braddles,

As with any investment there are risks.I am new to dual occs, I’ve got two on the go at the moment. Yes, councils can be a pain but I guess it’s like anything new, you have to aquire the knowledge. I have one at Wantirna for 3 units and this ones been knocked back (Not approved) so we went to Vcat and failed again. At this stage we…[Read more]

Hi I’m not an accountant but I think it goes something like this. The cost base would be $250K minus one eleventh. Repairs at $1000 or whatever figure should be deductable this FY. If you spend $ on improving the system then this would be considered as capitol i.e. it would add to the cost base and depreciated over the allowable time frame set…[Read more]

I don’t see this as a problem and I would.t worry or get upset. They will need to inspect the property again and go thru yourlist.[chill]

hrm

Its great that u are thinking of investing at your age. My suggestion are:get some regular income i.e. a fulltime job., Learn to save, learn to live on the minimum, continue to educate your self thru books, forums etc.

Best wishes.

hrm

Hi Braddles,

Great to see that you have the drive, some cash and some ability to do renos.

I think your strategy of buying close to the CBD sparkle up, increase rent and wait for CGs is sound and will no doubt work over time.

As Steve preaches: problem plus solution equals profit. I am using this approach at the moment by find suitable houses…[Read more]

You could find out thru RE’s if there are any creature comforts u could add ie. clothes dryer, split system air con, dish washer, table and chairs for the courtyard, window tinting, then you may be acle to increase the rent.

hrm

Hi Simon,

Here is a reply I sent for a similar Q.Hope it is of some help.
There are ways of getting that loan just as my son has with some help from mum and dad.

It went like this: 18 yo first year at uni, has regular casual job for the uni breaks, treasured each dollar he made(non-smoker,drinker. girlfriends, clubbing, and other things); saved…[Read more]

Check with the two agents u have used to get feedback on why renters have not chosen your property. you say the rent is OK then perhaps the lack of undercover parking, storage, safe play area for thr kids, colour of the walls, heating airconditioning, etc.could solve the problem.

I recently experienced a long delay in getting a tennant so I…[Read more]

I would seek advice from local REs inregards to demand and the rent and talk to the Body Corporate.

hrm

I use the services of Astorb in Brissie(I may have spelt it incorrectly)they provide a range of advice and have saved ne lots of $. Costs about $200 for a year. Excellent value for money. Highly recommended for interstaters.

hrm

Hi just removed wall paper from the kitchen in a reno I’m doing at the moment. My A Team suggested using just water, hot or cold, and sponging it on the paper ensuring it soaks in, leave for about 5-10 mins then scrape it off…presto. Give it a go.

hrm

Nehal,

If this is your real name. What age are u today?

Last week you were 15, 18 & 19.

You asked some very serious Qs in other posts and u received lots of good advice, But buddy don’t waste peoples time with the rubbish u have presented in your posts.

You are a TIME WASTER>

GO AND ANNOY YOUR BUDDIES AND GET A HAIR CUT.

GOOD BYE.

hrm

Nehal,

I admire your determination and desire to get into property. There are ways of getting that loan just as my son has with some help from mum and dad.

It went like this: 18 yo first year at uni, has regular casual job for the uni breaks, treasured each dollar he made(non-smoker,drinker. girlfriends, clubbing, and other things); saved for…[Read more]

I bought a unit in Bris CBD off the plan 2 years back, due for completion 06/07. Brousing thru the internet realestate sites last week I note that I could sell for a good profit. Also I have a dual key unit in Spring Hill bought 2.5 years ago. I’m getting good rental return + ve cash flow and I beleive I could sell for a reasonable profit too.…[Read more]

Hi,
I note you are in Vic.Assuming u purchase in Vic then u maybe able to get the state handout too. see:www.sro.vic.gov.au.Also u may be eligable for other $ savings (exempt for stamp duty) if u are a concession card holder. or other categories. refer to the site above.

To answer your Q you must occupy the property within 12 months of settlement…[Read more]

Leila,

Many thanks for your info, advice and the web site; they are helpfull.I will do some research with the local hospital and clinics as suggested. I’ll keep you informed if I find any valuable gems of info.

Regards

herb

hrm

Thanks Darryl I too would be very interested in some software to MANAGE IPs.
Thanks Myydral for the Jaffasoft tip.The site looks helpfull but I could not find anything on MANAGEMENT of IPs.Could you please direct me to the appropiate area of the Jaffasoft site for MANAGEMENT.Also I note that you said you hadmade up a spreadsheet. Could yoy…[Read more]

I suggest you visit your local council’s planning department (generally very friendly people). They will be able to give you some guidance on what you could do and council costs etc.

PM me if want details of a good architek in melbourne.

Good luck and please keep us informed of your progress.

hrm

Hi Tajl,

In Vic you can be exempt for SD if you are a concession card holder. I note that you are a student. I think that the value is capped at about $200K. Check this out with the State Revenue Office.

Good luck.

hrm