Hi – I was of the impression only commercial property could be purchased with super?

thanks Elizabeth – based on that I think maybe half the cost so approx $10k?Jason – it is Gippsland Lakes area in Victoria

well we just did an inspection on our property and it looks like a humpy!! So will be issueing a eviction notice – give people an inch and they take a mile!!

Hi – my vote is for option 4.Close to transport and beach and in a bayside suburb that I believe will only continue to go up in value and have strong demand for rental.You shold be able to pick up a 2 bedroom standalone type unit with an attached car space to do up for around the $330-$320k mark.We just bought in Seaford so I am a little biased -…[Read more]

Hi – welcome to Melbourne Is Bayside an option for you? That would be my recommendation – beach, public transport/trains. Regards, Maree

why not try selling/advertising on ebay?

I think if you go to all the trouble to get the property looking great through a reno then don't rent it out as tenants will never look after a place as well as a owner imho. Are you planning on utilising FHOG?

Holiday renting is a great option from JacM – especially being furnished and coupled with this time of the year.Do you think the fact that the unit is furnished is a problem – maybe make it optional and vary the rent accordingly?Maybe chuck a ad in your local rag as well

Hi Russell – Richard helped us enormously & we are in Victoria. Distance isn't a issue. Regards, Maree

wow – wish you were my parents don't forgot about depreciation that is claimable as well

Is getting the roof resprayed an option?

Hi Harry – what state? Town or city? The last property we purchased we emailed the agents are offer and conditions. ie. subject to finance, settlement period, building/pest inspection, deposit – we also snuck in early access if property became vacant which was invaluable (this gets tricky with doing reno's). We also put a time limit on this such…[Read more]

why is it an investment only? is it motel type accommodation?

is it house or units diedre? We have a house in Victoria and it is like another utility bill for the tenant, however we pay it on the provisio that they keep the plants alive. With units, we only paid for usage when we were tenants – the landlord must have paid sewerage and connection.

If there is domestic violence going on call the Police. The new laws mean that even if the woman won't pursue it the cops can take it to court.

Is Capital Gains Tax a consideration in this equation?

Hi – no expert, so please take this with a grain of salt But my suggestion is buying gold or foreign currency.

it will be in your best interests to get a depreciation schedule. If your buying the property to rent out then the purchase price is your starting point. We lived in ours then rented it out a couple of years later so we got a valuation done.

As far as I am aware this won't be claimable until the property is "available for rent". So you may need to factor in a week between.. ie – you can have open for inspections while you are there. You accept an application from a tenant  from (for example) Monday the 2nd week in November. You move out the last week of October, and the between week…[Read more]

adski maybe those improvements have contributed to the rental increase. You can live in my oroperty anyday!