Well it seems that is would be across the board, a change in reform would affect everything including old and new. (if it ever happened)

Hey mate it sounds like your learning as your going which is great.

1) The best course of action is the one that gets you to your goals which I assume is getting debt free and income from properties?

2) I don’t believe you getting another property (IP) is a good idea until you have a deeper understanding and knowledge of why your doing this and…[Read more]

Yes you completely understood correct, that is what I meant. I understand your view but also believe the point of any agents is to close deals in a professional, legal manner. Clients on both sides walking away with what they want (house for buyer, Cash for seller) agents get paid regardless. So I see both as applicable depending on market and…[Read more]

Matt Im 22 from gold coast and just did what your contemplating and in my opinion there is no right or wrong in doing or not doing it (right now)
the question I asked myself and felt comfortable with (was looking for 14 months before I found the place I wanted) was
-Is it financially beneficial to get this property over saving more of a…[Read more]

Really, so I have a question for Knightm and Richard Taylor, (your sellers agent) buyers agent has an offer on the basis of a conjunction, your seller wants offers and is legally required to receive such, what do you do?

I as an agent am happy to be an agent on behalf of someone and charge them nothing providing they sign that If I find there wanted property and they purchase it I receive a split with Sellers agent.

-I am acting on behalf of and for the buyer and on there instructions.

Conjunctional arrangements:

Most Written Authorities allow the listing agent to enter into a sales agreement with a sub-agent, known as a conjunctional agent. In a conjunctional arrangement, another agent approaches your listing agent with an offer from a potential buyer. If the offer is accepted then the commission you have agreed to pay to your…[Read more]

To my understanding a buyers agent does not take money off the buyer Jo.
They will do a split normally 50/50 or 60/40 depending on agreement on the commission structure with the sellers agent.

at least in QLD.

a) best growth potential of the two

(depends on a ton of variables, but considering the potential billions of development going into Southport its not a bad choice but also the return on Morayfield is quite good)

b) comments on any risks with this strategy, recommendations on alternate strategies or other areas in SE Queensland to look…[Read more]

Really appreciate the Information Richard, I do own the property and also have elected to be part of the committee. I have previously asked for certain documentation and was given excuses but will try again and press harder. I understand completely everything has to get approved by votes etc and thank you for your input as it has been very…[Read more]

bump

You mentioned “900k (yours) to your 1.55m of debt”, what do you mean by this? I m not sure if I get the idea.

What I mean by this is simply that you owe (based on if you purchased that 3rd property) Owe the bank around 1.55m but based on few variables if you sold everything would walk away with a estimated $900,000.

Good afternoon Peter,

Your IP’s sound like they are quite expensive for the return on rent alone, have you looked into IP’s that cost e.g. 300k and return $350pw rent over your 820K that returns 650pw.

you could spread out your portfolio much wider as your proposing
Value of properties = 850k + 820k +750k of rough value = $2.45m
Loans 293k +…[Read more]

Thank you for your input, Much appreciated I will do such. cheers

simpanteli

I have heard very similar feelings about the Sydney market, I was there two weeks ago to meet with my accountant and he has same feeling.

I live in the gold coast and am happy to give information about the market here as I study it frequently and currently have a property here as well as have worked for a real estate firm locally.

In…[Read more]

Really like all of this information, very useful thank you.

I however have a Question

-At the end of the day of positive gearing is it not just have a big enough loan so you make money above what it costs.
Any property can be positively geared? but is then whats truly debatable the percentages on return?

and then on another note what are the…[Read more]