It is quite humourous reading posts from people who have very little or no knowledge about a subject.Derek, I must say that for someone who has a vested interest in the Pilbara, your bias is laughable. Kalgoorlie is not just a "gold town" or a "one trick pony". It has been around for over a hundred years and likely to be around for a hundred m…[Read more]

Thanks for your reply JamieThe property has been on the market for a while and the strata has been with the council since October last year. Since the agent is having trouble getting answers as to what work needs to be done to comply with council (the owner lives in another town), my sister inlaw feels she needs to pull a trigger to make things…[Read more]

Hi AllingtonIt was a business partners signature cross collateralising his house into a development we were doing at the time. We noticed it when we went to the bank for finance for another project. They came up with the excuse that I must have done it on his behalf, if only it was that easy. My business partner hit the roof, as I too went off at…[Read more]

Hi JamieIt is more of a general question of how flexible the package is. I understand that everyones circumstances are different. The reason that I will never use the ANZ again is that they forged a signature on a security document and allowed someone to sign on as a signatory to a friends business account and fleeced it by $40k.CheersJohn

Hi GavsamIn WA most transactions are through a conveyancer or settlement agent. This is a basis flow of what happens over here…Settlement & Conveyancing Process – At a GlanceSettlement agents reduce the confusion of the settlement process. The following is a step by step summary of a basic settlement. You list xxxxxxxxx Settlements as your…[Read more]

Hi PaisneilThere are properties in the area, just look on realestate.com.au and set your parameters. You will struggle in Rossmoyne but Riverton has some…CheersJohn

Is there any way you or other members of the family can raise the costs for the subdivision?Get an idea of the costs involved by talking to a land surveyor and the council.John

HiThis is why an offset account is sometimes a better setup than a redraw facility.John

Hi allI am in WA and the standard is 8.5% plus gst, I negotiated 8% inc gst, so around 7 3% ex gst. I will be able to get that a little lower if I add to my 2 properties.John

Hi MrsCI live in WA and have just purchased a duplex pair and have put them in seperate entities, one in my name and one in my family trust. They are strata titled and the vendor only wanted to sell both at the same time. The had someone interested in only one and decided to go with my offer for both. I was aware that stamp duty may be payable on…[Read more]

Thanks JaneI am in Kalgoorlie WA. I have dabbled in property a few times over the years and stopped due to business failings. Now we are back on our feet, we are looking forward to the challenge of starting again. We have just purchased a duplex pair in Kal and settlement is in about a week…RegardsJohn

Hi IginoIt is my understanding that there is no GST on residential property and that you cannot claim GST for any residential property bills…Therefore there is no need to register for GST…CheersJohn

Thanks for that Tiger and Tracey…I have booked the program for 2011 and with the earlybird booking my wife and I also get to go to the 2 day workshop…Looking forward to hearing from others and learning different strategies…Good luck Tracey on your 5 year plan…My plan is 6 years…CheersJohn

Bought my first IP…A duplex pair and just +ve cashflow…Just missed a wrap…looking for a development…

The R code relates to the maximum lots (units or houses) per hectare of land (10,000m^2). It also has setback restrictions and wall length restrictions at certain setbacks. Generally you can get away with a lot size within 10% of the calculated r code size. The state planning commissions adhere to the r code and the local councils place more r…[Read more]

Hi MattnzThis is what i'm talking about as Outback Industrial is a recruitment agency and, according to their website, have and I quote"At the present time we hold details for in excess of one hundred highly skilled, qualfied and referenced candidates looking to work in the Industrial Sector, Australia-Wide:"Not excactly secure employment.  U…[Read more]

Hi MattnzMany of the ads on Seek are from agencies and more often than not there are numerous ads from different agencies for the same job. The company I work for advertised on Seek and there were 7 agencies advertising the same position. I received 3 applications from the same person from different agencies.RegardsJohn

PJWe were forced to sell our IP by the bank and couldn't find anyone to refinance that in time , so our home mortgage ended up being refinanced. We have finally cleared everything up (5 years later) and have paid our mortgage back down to its original level. We basically have blacked out the last 5 years, but, we are much better now than if we…[Read more]

Hi PJAbout 5 years ago we folded our business and found it hard to refinance the business debt. The ANZ bank were non sympathetic and tried to force us to sell our PPOR. We talked to quite a few mortgage brokers and none could help, as they were unable to combine personal and business debt into our home loan. One suggested to talk to a mortgage…[Read more]

Hi SnowyI purchased both books about 3 weeks ago and have now finished both. My wife is now reading 0 to 130, as I look to other information to investing. I found both books easy to read and the 0 to 130 a little more of an intro to property investing and the 0 to 260 more into the workings of what to look for.I recommend both as $33 is a small o…[Read more]