lol, no idea when the data was collected for that site, but it is probably about the same as the abs. i just stumbled on this site as i was looking up a postcode for an area.

wanting to buy your home is a nice dream, but investing is a better one!if you could get a positive investment and rent instead of buying, assuming the rent is a good price. you would be much better off financially.  as the investment will provide extra benifits that you will not recieve from owning your own home.  a smart strategy is build up a…[Read more]

yeah i think he has just made up his own name for a fairly standard thing.There are often a minimum lot size per dwelling,  and then minus the required open space,setback etc from this, and you can find out the size of each dwelling you can build. etc.So the "pocket"  is really just the minimum lot size.  then you have density, which is how man…[Read more]

there are lots of ways to start, but as you said you are looking for an area with positive cash flow, that puts you in the outer suburbs of cities, small downs, mine towns etc.If you want mining as you mentioned then start reading the news papers, finance papers, industry reports etc, to find up and coming mining expansions or investments.  this…[Read more]

you can get normally get a line of credit using the equity.  but if his bank said no, either they are just crap, or there might be some other issues.  im sure a guru will answer soon though.

also with the setup you have describes it sounds like a lease to own check out “wraps” where they can “rent” at a rate that covers your mortgage and can pay out the property value at any time. but this will not save you in stamp duty. the way to do that would be as described before where you buy it as trustee for a trust where your son is a…[Read more]

it is generally as you first said. the renovations increase the cost base of the property. effectively just making it as if you paid more for it.

BUT there are catches… if you are deemed to be in the business of renovating properties then it counts as income and stock etc. here is a page from the ato which gives some examples so you can…[Read more]

lenders tend to shy away from owner builders. if you can show proof of your building skill or some history then it might give them more confidence in your skills.
there is a tendency for owner builders to attempt more elaborate construction designs, or to not document the designs accurately enough, resulting in building mistakes, or cost over…[Read more]

surely if they (the vendor) can charge you delay fees you can do the same to them?

wow, its amazing how relevant people join and post right when a question arises.

some of the links on your about us page and stuff are miss coded. so the links dont work unless you fiddle with the addy up the top.
for example MFP links to landcover.com.au/www.mfpins.com/
and also the MFP page is coded without a title, so the page even though…[Read more]

in terms of if it is good or not.

I think if you can get finance without using your ppor it would always be best.
But if using your ppor gets you the best finance, or the only finance you can get access too, then its better to use it and get an IP. then not invest at all. assuming its a good investment.

in terms of tax, often its the purpose…[Read more]

add value and redraw or sell. thats basically it for getting the extra money for new properties i think. unless you work and can save.

they send me out free hair dye from america, i make a video of me dying my hair, or other peoples. and they give me a percent of profits from the company as well as the free dye and other merch.
Basically they use me as advertising.

when investing, good practice is to always write down your entry and exit points. for both good and bad scenarios.
so you have almost tripled your money, when do you sell and realize those gains? etc.

So i basically have the same advice, if you believe that guys advice, go for it. just know when to sell if things start to decline, and buy…[Read more]

DWolfe wrote:
illuminati,just looked at ur blog, dude the hair colour! D

cheers,

i get paid to dye mine and other peoples . i got youtube channels etc that make money from all that stuff too!

this is quite common, once you give them permission they just do what they think will get them the biggest dollars or quickest sale, depending on what they want.tips when doing this again is to know about exclusive listings,  negotiate their commission especially if they have exclusivity, some request you cover advertising costs, or in your case…[Read more]

oh and just because this property is borderline for you,  doesnt mean all properties are.And as other said, its more of a skill.Buying a property and just trying to make money from holding it is not really much of a skill.   its just slightly more involved then using a bank.   renovating, subdividing, developing are more intensive skill wise…[Read more]

ok so i got bored at work.i did the bank loan at 8% so it gives you a bit of a buffer.160 000 property16 000 deposit=144 000 bank loaninterest ONLY   at 8%  = 11520 pa200 rent per week = 10400 paloss of 1120  not including rates etc.TAX SAVINGS, of 1332.3so-1120+1332.3 = profit of 212.3SO, you will be making a loss on this property, but the dep…[Read more]

what you are writing down seems very sporadically written, i am in a bit of a rush, but ill check it again and go over it when i get home from work. but did you take into account how much the rent brings in?

basically think of tax benefits as extras. get the rental income-the loan repayments and property costs (rates etc) to lower the loan…[Read more]

not sure about an individual, but in development you can take them to arbitration or mediation and claim the costs that the delay has caused you. but they will probably counter claim on the “rubbish” and the ground being too hard, you could present the soil samples etc… but basically it is a fight.

It is outside of court, and often heard by an…[Read more]