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I have an IP in the redlands and also in Marsden. I believe I will see more cap gains in the Redlands than Logan shire. Largely because the Redlands is coastal and a gateway to the Morton Bay Islands bla bla bla. But being on the conservative side of things I view the Logan shire the same way locals used to view it and that is last, the bottom…[Read more]
It sounds like you are doing really well, being addicted is good. You may or may not have “bought” at ‘below market value’ but you have done nicely anyway. I hope you do well at the council, sometimes a lot of time, energy and money goes into the planning stages before you feel you are going forwards, the council will probably have some hoops for…[Read more]
Building is an effective way to acquire property at wholesale prices, especially if you do a bit of hands on stuff like lay your own turf, fit your light fittings, source your own floor coverings and save a dollar where you can. The down side is that it takes time from initial purchase of land to the hand over of building, then more…[Read more]
Congrats on the new three star rating. I believe we are in for a year of uncertain times. Some areas are still going up, some areas may have hit a plateau and some areas/regions will go down due to a number of signs or indicators that are wise to watch out for. The indicators are not yet clear but their are reasons for them to start to…[Read more]
A lot of depth their Jane, welcome to PI.com [],I agree 100%, property investing is about investing time and effort into learning about how to do what everyone else is not doing or do things smarter and how to get the best results out of people.
Just a question
Who pays for the fhbg?
I don’t want to sound pious and suggest not to take from the “system” but as an investor the fhbg was a green light to inflate the market price, every owner could see an instant $7000 (initially $14000) on top of existing values and what has happened in many if not most places is that demand has fueled the…[Read more]
Is that transfer in 2 to 3 years or two thirds of this year, if it’s the latter then check your FHOG details to ensure you qualify or don’t have to pay it back when you move.
I have transfered around Aust a few times and made nice tax free money buying my own family home instead of renting (without FHOG or any other assistance). If you buy…[Read more]
I am no expert, but basically if a company as trustee borrows money to buy a property for a trust, the company owes the money, the director gives a guarantee and when the company reaches its borrowing limit you can start another company. Trusts and company rules are complicated and not cheap (@ $2000 +) so I recommend getting hold of some…[Read more]
It sounds like you need to put more work into a structure that will enable you to go further. I have spent time and money to ensure I have a good structure, ie. Company as trustee for a family trust with me as director. This along with a good broker or personal banker means that my limit is or can be as far as I can push the boundaries. I…[Read more]