Courtesy of Your Property Investor Forum:Property valuation in flood-ravaged areas to be permanently lowered: Fitch17/01/2011While the full extent of the damage is yet to be quantified, Fitch Ratings said the flood currently affecting South East Queensland is expected to have a negative impact on mortgage borrowers.The ratings agency noted that…[Read more]

Has  gladstone got flood history. also what is gladstone's cyclone history?

Best area in australia – East Freo(WA)

LIlian fisher at chan & naylor hay st east perth

DW you're on the money about the"keeps the construction industry going too". I think you'll find when the economy is humming along so is the "home building industry." If the RBA is going to keep rates climbing then obviously the amount of people borrowing will diminish ie less houses being contructed.

people spruiking caroline springs and west  melton as "good" investments for rentals as wellthoughts?

Qlds007 wrote:
Buying 3-4 properties worth 100K is financial suicide even if they are positive cash flow today.Firstly at those prices financing them would be difficult and remember even property you buy irrespective of the yield will reduce your borrowing capacity.Keep some of your funds back for contingency or maintainance, vacancy etc and…[Read more]

MichaelGG wrote:
Dan,Thanks a lot for clarifying your previous reply. I found it really helped me.Ryan,Love to read your posts. learnt many things from your other threads. ThanksBTW, I think i will set up an appropriate structure before the 1st IP.Number 8,I think the property investment trust (PIT) can distribute losses. I am still struggling…[Read more]

Terryw wrote:
ChizUnits and hybrids technically also quarantine losses. ie losses from a trust cannot be used to offset personal income (A trust is a different entity for tax). But a way around this is where an individual borrows money to buy the units in the trust and the individual claims the interest on this loan.

CHIZ i have purchased a…[Read more]

Qlds007 wrote:
I would have an interest only loan even if the loan was for owner occupation.

Why? I thought conventional wisdom suggests one tries to "own"   their PPOR.

Qlds007 wrote:
Hi IZYes to both but of course you wouldn't have one where you still have some non deductible debt.

So if you have a PPOR with an P&I loan but have to rent it out because you have moved to a regional centre due to a promotion and you are sure you won't be living back in this house BUT won't be selling it so……..you convert the…[Read more]

another thing to consider is your appetite for risk. If you can't sleep at nite worrying about the debt you have on your IP(s)then forget it.

deb2010 wrote:
Tempted as I am to answer that with a facetious reply, I shall keep to the intended purpose of the forum. In your professioanl capacity, when would be the time to contact a Broker? I have a P&I loan over my PPOR with one of the 4 big banks and assumed that I would approach them first for an invesment loan. (Pre approval had been…[Read more]

kkatlea wrote:
Does anyone a good broker they could recommend in Perth?

Yes please!!  very frustrated in trying to grow portfolio.

Two interesting articles in "your investment property" June 2009 on this topic. one article  from Bill Zheng founder of Investors Direct why punters should reconsider Cross- Collateralisation.second article was from an investor (Rob williams) who had hit the "servicibility wall" and need to do it to get a deal done.

Terryw wrote:
1. Tax benefits depend on the use of the property and not the security.2. Yes. You could make some improvements and save more tax.3. You would need a few different ones. IO for the investment, IO/PI for the main residence with a 100% offset account attached. An interest free credit card with points and a LOC for spare equity on the…[Read more]

shahabr wrote:
also if you are looking for good yield worth looking at lakemba, you can still get units for around the 250k mark with a pretty good return.  i read somewhere that the liverpool area is forecasted to grow by somthing like 90% in the next 15 years…could have been from the council website

I went to the Liverpool City Council…[Read more]

Terryw wrote:
What the broker is suggesting is cross collateralisation.I am located in Sydney, but don't take on new clients anymore. I can refer you to someone if you send me your email.

Can you refer me to a broker in perth terry it would be greatly appreciated.

Try metropole

I have a wry smile on my face when RP data, australian property monitors, etc have varying "medians" for each capital city.Here in perth recently (Jan) had three different organization quoting 3 different "medians" for perth.Then REIWA brings out their quarterly report based on actual sales figures (From Dept Land Admin)- different…