Hi,
The  levy will be going up to $460/qtr which includes the insurance premium of $1700/yr.
Yes it is only me and the neighbour in body corp but there si an external body copr manager. Their fee is about $300/yr and they do the budgets etc . I don’t mind paying them the $300/yr for the work but was thinking the property would be more sellable if…[Read more]

Thanks for replying.
It is in a suburb in Nth Brisbane.

Thanks,
j

Hi,
This calculator is pretty good as well. http://www.investmentpropertycalculator.com.au/free-investment-property-calculator.html
johk

After reading a few articles etc one loan structure would be:Loan 1:Interest only Secured by IP 310*0.8 = 248’Loan 2: Line of Credit for the additional 20% and purchasing cost and negative gearing secured by PPORInterest for loan 1 is debited to Loan 2Rental income is paid to Loan 2If I understands it correctly with the above structure you c…[Read more]

Hi,I have attached 2 spreadsheets for the House and the townhouse where i have tried to outline the cost etcHouse http://www.bohemiadesign.com.au/bohemia_clients/House.xlsTownhouse http://www.bohemiadesign.com.au/bohemia_clients/townhouse.xlsWhat I can’t get my head around is comparing to an apartment – the total “out of the pocket” expense…[Read more]

Hi,The Townhouse was sold for 595’ before the GFC but I think the house in Wooloowin might have more potential over 5-10 yrs. Similar house in Clayfield, which is the neighbouring Suburb, are around the 700’ mark. This particular house  might be on the wrong side of Wooloowin ie closer Kedron and Lutwyche. Wouldn’t mind having a second opinio…[Read more]

Hi,The lower the better But doesn't the bank generally req a LVR under 80% to avoid LMI which would be preferable.Thanks,johk

Hi,In my searching on the internet I found this http://r2bginvestments.com.au/archives/86 which states " The vendor finance laws in each State are slightly different. However as of Jan 1st 2011 all Vendor Financiers must hold an Australian Credit Licence (ACL) in order to carry out this business."Is this correct – in most places I it mentions you…[Read more]

Hi,Thanks for all the feedback and comments. It is very much appreciated especially when you try to start to get an idea of it all.Jamie, thanks for the link to the excel sheet – might come handy one day. Been looking around and it is very hard to find any cash-flow positive properties. After  I spent a night searching and reading I came acr…[Read more]

Hi, I am only trying to figure out how much it would cost me per month to hold a property. The numbers ie the IP value and then proposed rent are from a property on RE.com that was for sale.No we are not looking at buying a property now but merely trying to learn how  to calculate the holding cost of the IP.I would appreciate any c…[Read more]

Hi, Thanks for replying. I forgot about landlord insurance – thanks for mentioning it. Does that mean if I would say increase the rent by 10% per year it will take 5yrs before the property is cash flow positive?Assuming that the holding costs are the same – which obviously is not true. When you say “set-up a third split” do you mean have a sep…[Read more]

Hi,Thanks for your replies and advices.We didn't go into this with the mindset of buying an investment property.We were actually looking for a new house with a bit of land and an extra room. We found this new estate being built a bit further out from where we live and put our name down for one lot. As the town house we live in is in a good suburb…[Read more]