gilad,

If you buy and get a stamp duty exemption, there’ll still be associated costs- maybe a few grand (legals and setting up a mortgage) costs. Then you’ll have selling costs- on a 200k property, that might be 6k- with advertising and RE costs… then you’ll have to pay capital gains tax on any profit- based upon your taxable income. As you’re…[Read more]

Jumbo,

Yeah, Steve’s info says you can get the tenant to pay outgoings. I was referring to this:

http://www.positivecashflow.com.au/the_tools_info.php?catPath=4909&products_id=68

… where it doesn’t say anything like that.

Anyone able to correct me or provide some further links for info?

kay henry

Nope- unless you want to make it a wrap arrangement. It’s still YOUR house, Jumbo- and you’re responsible for it. I mean, you can put anything you like into a contract, but if it’s seen as unconscionable- and asking a tenant to make repairs and pay outgoings would be seen as unconscionable by any court in the land- then your contract can be…[Read more]

Here’s the way I work it out, gilad… anything that I worry about the ethics/principles of… is porobably wrong. When something’s right, we never have a second thought. When the conscience gets pricked, it usually does so for a reason.

Talk to your parents about it if you’re not sure. They’re generally the ones where we get our ethics from…[Read more]

calvin,

It’s interesting… a house in Margaret River, a lovely place… is median priced at $240k… but the median rent is $166 weekly. God- that’s only around $3% yield- hardly worth it. I mean, I know MR is an up and coming area… but 3% yield? Some country areas have such shoddy yields- I have a similar place- rents are rock bottom – but…[Read more]

You’re absolutely right, calvin :o) Ya know, the difference between Institure sites is amazing. The REIQ is hopeless- with only 1 new media release per month, and nothing on prices. REINSW is not much better. Thanks for the alert to that site- I’m looking at it now (WA is a beautiful place- I’d be stoked to buy there).

I like WA- they seem to do…[Read more]

Hey calvin,

tjal was looking for names of suburbs and noone had given him any, so I thought I would name a few places.

Blue ribbon suburbs have neighbouring suburbs, so people can just look at suburbs, and then keep going out a little further until they have properties in their price range. tjal is looking for growth suburbs, or I could have…[Read more]

Jumbo,

A lease option is still a lease arrangement. As such, it operates under the Residential Tenancies Act. The landlord is still required to pay the usual outgoings- it’s still your house until the tenant takes up the option to purchase.

kay henry

tjal, here- I’ll name some names for you :o)

These are considered some of the “blue ribbon” suburbs of perth- depends on what you’re looking for, but if it’s location, location…

Claremont, Cottlesloe, Crawley, Nedlands, Dalkeith, Swanbourne, Peppermint Grove, Mosman Park, Mount Claremont, Hawthorne.

Here’s a good article on some prices and…[Read more]

Feng shui didn’t seem to help sell some apartments in Alexandria (although this suburb is known as oversupplied):

“In Alexandria, compliance with the Chinese tradition of feng shui did not ensure success for a development on Botany Road during the week, with only two of the 14 units being auctioned selling under the…[Read more]

Yorker- the WS market is not for me. I don’t think you get the rental % return on a lot of properties in the greater WS area, and I don’t think the properties are cheap enough to justify buying there. As you’d know, there has been phenomenal growth in all areas of sydney, and people have moved further and further out to be able to afford to buy.…[Read more]

Might be time for a nick change to “commercialwealth”, residentialwealth )

So, do you htink there will be capital growth in this market, rw? Or is the aim to just receive the returns? How do you think the commercial market is positioned for 2004 and beyond, in terms of growth?

kay henry

gilahd,

You had Steve McKnight’s opinion on whether your plans are ethical or not, but still you are asking. Perhaps you want someone to tell you to go for it, so you can feel good about it?

You develop your own sense of ethics in this world. Some people say there is no such thing in property- it’s all about the numbers. It’s up to you- you know…[Read more]

awww, janmarie… a couple of extra cents electricity for a couple of kids to have a shower and a meal with their father?

kay henry

Tools,

I think you would have had the experience that many had. It’s great if you can involve yourself in that way. And yes- they are extremely long days:

Friday 24 September 2:00 p.m. – 12midnight
Saturday 25 September 9:30 a.m. – 10:30 p.m.
Sunday 26 September 9:30 a.m. – 11:30 p.m.
Monday 27 September 10:00 a.m. – 5:00 p.m.

42 hours in…[Read more]

Here’s one doing the rounds about living in sydney:

“You can make more than $100,000 a year and still can’t afford a house; you never bother looking at the train timetable because you know the drivers have never seen it either; you order organic fruit and vegetables online, but eat takeaway every night, anyway; you spend more money on your coffee…[Read more]

Jhighlo,

Never sign a contract without it being checked by your solicitor first. Changes should be made to the contract BEFORE you sign. I realise the difficulties of being overseas and undertaking transactions… but if you now continue with one of the company’s solicitors, you will be writing a thousand more posts on here expressing…[Read more]

Janmarie… not sure about the smoking issue, but re the children staying over issue… well, if your tenant’s access arrangements have changed, I doubt you will have a case at the CTTT (Tribunal). Is there such a problem with a father seeing his kids each weekend? I mean, anyone can add any clauses to a standard lease, but whether that would be…[Read more]

Originally posted by Celivia:
Hehe once you’ve participated in a pyramid scheme you will probably NEVER (I hope I don’t get moderated for shouting in caps here hehe)
Celivia

hehe, smarty… there’s a difference in emphasising a word in caps and YELLING AT PEOPLE BECAUSE YOU DON’T LIKE WHAT THEY SAY, as you know [goatee]

kay henry

mgr,

Seeing you’re overseas, you might want to know what other Aussies might know- just work out your legal position if you buy from Remax agents… some of them don’t have RE licences (they’re independent contractors). Seeing you’re so far away, I guess you want to be certain about such stuff. Check out the article…[Read more]