Great topic to raise Helen,
Reminds me of something a gentleman fro Singapore told me years ago with regard to investing in property which basically mirrors your Hamilton Island example.
ie.. when you have finite land (an island for example) and demand, or excessive demand, then the only way you can build is up (multi storey) and hence prices go…[Read more]

Yair hotshot,
sounded like a fair question to ask on this site…after all, its populated with so many property experts, surely a few useful and helpful replies could be expected….??

KP

There should be a clause in the management agreement regarding terminating the agreement.
Usually, there is a cost payable, but you also have right to dismiss if the PM is in breach of the agreement for eg…non performance, not collecting rent, etc.
It should be detailed in yr agreement, check there first…
KP

Hmmmm,
Its DOCEP
and you can download all teh forms and applications from teh website…

KP

Jamie,
You need to look further afield to the mining towns, such as Port Hedland, Karratha, Kalgoorlie, but they are more than half a day away from Perth.
The rent returns are there but the asking prices are $200k plus
Cheers, KP

I would have thought that the booming nature of real estate was a function of the low interest rates, same as the busting scenario when interest rates rise.
Interest rates coupled with the greed/fear psyche determine the state of the market, not the other way round…..

Ding a ling ! Ding a Ling !
Yep Gerry, I hear them bells ringing.

Need to add a new word for the dictionary..
How about HERDISM, something to do with herds and frenzys.
There is a fear and greed aspect to all this too.

To just rely on rental property income as the only alternate source of income also beggars belief.

How about this for an…[Read more]

Hi Yorker,
Do you have info for all states ??
How about WA //

Cheers, KP

Depends where you are looking….
What return do you need for it to qualify as “good” ?
Always possible to find a run down or subdivide property and improve the yield by some improvement to the property.
Depends how keen you are and how much time you have avaailable to look…

KP

They might have a buyer lined up who has enquired about that house from a drive by, or maybe they are hoping to get in the door with a short listing with a view to talking her into extending after the 7 day period.

KP

Give hubby a kick….might not get you some tickets but you’ll probably feel better….

Hi Cajun,

Yes, you can add as many trusts as you like with the same trustee acting as the common trustee.

You can organise a trust online. Go to lawcentral.com.au
go to “create a legal document”
They quote $275 for a discretionary and $330 for a unit (hybrid) trust.
However it may be best to get some proper advise from an accountant or solicitor…[Read more]

What about a canine ? DO you still qualify then…

Alternatively Allan,
CAn you get access to some of that overseas money…sounds like it is cheaper than local money

KP

Girlie girls, Kay n’ Jo. what was with the catfight earlier in the thread ?
You’re supposed to be moderators ??

The original topic posted by Howard was in regard to his position as a non aussie and therefore being restricted by FIRB requirements as to what he can purchase in Australia.
No point advising him to look at established suburbs, and…[Read more]

CAjun,
You can have as many trusts as you want.
Even place individual properties in each trust.
Usually you would have +cf assets in a discretionary trust, and -cf assets in a hybrid trust to take advantage of the ability to claim the borrowing interest in the individuals name.
Depending on your situation it may be a good idea to put in place a…[Read more]

Miler,
You need to add up all the expenses including rates and taxes, insurance, strata levies if any, plus bank interest on the borrowings, and compare this to the rent received to know if it will be +cf or not.
Also, the non cost deductions like depreciation can generate enough of a tax refund to give you a slight + cashflow from a -cf taxable…[Read more]

Yep,
I think thats the answer GP,
The CGT concession flows through to the beneficiary when you distribute the capital gain, and they claim the 50% concession
Thanks again,

KP

Ummmm,
whats the point of the third party, and what do they get out of it ???

KP

Kay H,
A sale for one…
Maybe a better selling price for two…
In a slow market, a keen or desperate vendor maybe happy to realise 70% or 80% of the sale price immediately and forego the balance till some time in the future, just to sell and settle the property…

Maybe? Maybe not?

KP