I am sorry but i just dont get it with interest only loans.i have only invested in property that is cash flow positive and capable of paying itself off as a stand alone entity.then you get (hopefully)
reduced debt,tax advantages,and capital gains.
negative gearing just doesnt make too much sense.if companies did it it would be called trading while…[Read more]

crikey!dump the accountant!90% of all that stuff you can do yourself.i am on my fourth ip,and what i usually do is research my location/price/return/growth,do rough calculations of viability and if i decide it is a goer i book one hour with my accountant to confirm or modify my plans.for this she charges nothing.she reasons that it comes back at…[Read more]

Westan,
thanks for the reply. your points about locations pretty well match what the local agents are telling me.I am very interested in the correa crt house.it is advertised on the net.more info can be sent to chrisw@wolters.com.au.
Joff

Westan,
Did some serious homework over the weekend and as you say Portland is looking good.
Questions for you:
generally speaking, what is the maximum distance out of town (Portland or Horsham for eg.) you would consider buying.? do small acerages with house rent well? Do they attract better rent?
thanks for all your help.

Joff [8D]

Implementor!
sounds like you really enjoyed yourself at hk’s seminar.With all that info crammed in your head, where to start? I have attended a few (what we term GEE UP! seminars)at great expense to my employer.Everybody comes back keen to change things for the better, but after a few days, it’s back to normal.why?.Because, I believe the change…[Read more]

Westan,
I was in stawell last year for a night and thought it really nice place.You can always tell how country towns are doing by walking down the main street and looking for new cars, vacant shops and the condition of the gardens especially those maintained by council.Stawell reminded me of colac, everything was spic and span and looked…[Read more]

ah!thats’s what the caps lock is.sorry about that.

Westan,
you are right about ex ministry houses.we brought one in south frankston 2 years ago for 117k and it is now worth around 210 – 220k. the only downside is that our rental return is still 170pw the same ae when we bought.but we are happy to leave it that to keep our very good tenant,given…[Read more]

WESTAN,
THE STATS I WAS TALKING ABOUT CAME FROM THE REIV HERE IN VICTORIA.PROBALLY THE SAME STUFF THAT IS IN THE MAGAZINES.
QUESTION FOR YOU, HAVE YOU HAD LOCAL AGENTS MANAGE YOUR PROPERTIES?IF SO,HOW HAS IT BEEN.HAS MAINTENENCE AND REPAIRS BEEN DONE PROPERLY?DO YOU HAVE ANY THOUGHTS ON WHAT WHAT SORT OF PROPERTY IS POPULAR AS A RENTAL IN RURAL…[Read more]

HI WESTAN,

THANKS FOR THE REPLY. I HAVE LOCATED SOME UP TO DATE STATISTICS WHICH POINT TO SOME VERY LOW VACANCY RATES IN SOME REGIONAL AREAS.ALSO WITH THE EXPLOSION OF PRICES IN COASTAL TOWNS,NEAR BY INLAND TOWNS ARE PICKING UP SOME OF THE BUISNESS.

REGARDS
JOFF