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March 5, 2005 - 5:47 pm
G’day,
Green Title refers to the type of title that is registered with the Dept of Land Admin. There are a few different types of property available, with the main being Green, Strata, and Purple…purple not so common now.
Green title simply implies that the owner of the land has full ownership of the property and any improvements without “sharing” with anyone…i.e no common land, and no extra expenses.[cap]
When we are talking about investing, it doesn’t really matter whether the property is Green Titled or not, the land component of either will increase in value over time..however Green Title is a prefered title and will therefore increase in value generally faster than a strata block.
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February 28, 2005 - 5:19 pm
Hi Foundation,
I respect your opinion, however, wages don’t actually have any affect on Rent…I don’t typicaly care how much my tenants earn, all I care about is supply and demand for my types of properties in the areas that they are located in. I know that if the level of investment in my areas drop, then the amount of homes available for rent decreases and the supply of tenants will increase will the increase in interest rates. Banks will change their qualifying criteria for loans, and more more people will be reluctant to extend their income to mortgage payments, maintenance, rates, insurance etc etc. If I have locked in my interest rates at rates of 6.7% not too different from what we have been paying for the last 18 months, then any increase in rental income is a positive move. Over the next cycle 7 -10 years typically, history has proven that property values will be stagnant and rent will go up unitl the property values agian rise to the occassion of “emotional” investing where property is again flavour of the month.
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September 3, 2003 - 5:01 am
Sooshie,
I have to take you to task here, in one of your replies to this post you satated the CON-Artists get away with it because they hide behind being a “financial Advisor”.
I am a financial advisor and a real estate agent and director of a small fiancial planning company. I do not consider myself to be a con artist! Yes I sell properties namely off the plan and in most cases, the client doesn’t pay for them until they are built, and generally they have a +ve equity position because of the discount and the market growth by the time that they do pay for them.
In case you are wondering….I do take offence at being labelled a con artist!! In all fairness the same can be said for a lot of “Wrappers”. I’m not saying wrapping is illegal (except SA), but in every industry / group there are bad apples.
PLEASE do not make those sort of remarks so flippently…….there are always genuine operators trying to make a buck in this world not just for themsdelves but also for their clients.[!]
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September 3, 2003 - 3:59 am
Thanks for the Link. A very thought provoking segment. There is a lott of sense in the article, and if we are to look at the Australian economy, not quite a mirror but there are similarities.
The biggest thing going for Oz is the fact that in the face of adversity, SARS, DROUGHT, SLOW WORLD ECONOMY, we have still managed to grow…..just, but it’s there!
Wages in Oz are going up, obviously not by huge leaps and bounds but the last point in the article said it all……..take home pay is king!
Bring on Rent, L/O, Wrap! Who cares if the capitasl growth is not as high as it has been, I can’t spend capital growth, I can spend $$$$$.
But that’s just my thoughts[][][]…………….
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August 21, 2003 - 8:33 am
My experience, for what it is worth, I haven’t had a lot to do with trade dollars………the supermarket won’t accept them.
Neither will the bank.
How do you pay put food on the table, pay bills, I can’t use my eftpos trade card.
Generally the dollars can only be used within the forum / entity that issued them. Like casino money. You have to find someone that has something that you want that will take trade dollars from you.
I have been offered cash + other things before and always declined. Nothing beats the cold readies. At least you can use cash for your next deal today!![8D]
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August 20, 2003 - 5:06 am
Yes, you are right!!!
Just don’t tell anyone, especially if they are not sandgropers!
Cheers[8D][}]
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August 14, 2003 - 6:26 am
Hi All,
GEHA stands for Govt Employees Housing Assoc.
It is the term used for properties that are owned by the govt, usually State Govt, and houses people whom are public servants working in regional centres.
I’m not sure on the value/purchase of these properties i.e whether there is a premium to pay because you can have a long term tennant and maintenance taken care of for you by the govt. I know that the govt periodically sells their older places off, just like a normal vendor.
Hope this helps.
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August 13, 2003 - 4:15 am
Hi,
In fairness to all, I think that a lot more information is required. My first concern is that if the property is rural with cattle on it, are you able to build another dwelling? This would need to consultation with the local council. The next would be, is there a rental market for the property if you were to build a second home.
How much would a second home cost and would you have to borrow funds to do this? If so, what return would you get on your “investment” or would it be better to invest your money in property elsewhere?
Not a real simple one to answer off the cuff.
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August 8, 2003 - 5:52 am
Crashy,
I’m in Perth, and am looking to take on another advisor.
Where are you?
Chris
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August 8, 2003 - 5:31 am
G’day,
As long as you can justify your deductions, and they are legitimate, then why wouldn’t you reduce your taxable income!?
Make sure that you keep all receipts, and a list of the expenses and you should be fine.
It should be noted that you don’t need to be making a loss to get a deduction. If there is a legitimate expense that you have incurred in trying to make an income, then it is claimable.
I’m not an accountant, but I have been assured that this is the case. You can also take out insurance incase you are audited. This will pay for your accountant to work on your behalf at the audit, and I think a portion of the premium is tax deductible.
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August 8, 2003 - 5:23 am
G’day,
There will a penalty if you break a fixed term loan. This is because the bank has “bought” your loan money at a particular price for a particular term, and they have coincided this “purchase” with your loan amount and term.
You are in an essence breaking a contract that the bank also has to honour, therefore they will be penalised, and they pass that onto you.
The “break costs” as it is referred to depends on the institution, loan amount and the time to go on the loan.
Hope this is helpful.[]
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August 7, 2003 - 2:16 am
quote:
I’m looking for a LOC type of loan where I can have at least 4 sub-accounts.
Which bank offers the best deal? I heard that St George Bank is good. Any others?
Barbara
I use a broker in Perth whom I consider to be the best in the state! Trust me there are many who claim to be good, but just fail. I would be happy to recommend him to you. e-mail me your e-mail details if you are interested. [email protected] If he can’t help you, there is no charge.