Forum Replies Created
That’s totally deceptive on LJ Hookers behalf, and even more so if they show the price from the sale 18 months ago during the boom, and attempt to pass it off as a representation of one of their recently sold properties…
Greg, buying chunks of land for your christmas present, tsk tsk. You know what that is gunna do, dont you! It will bump up the national spending average….[wiseguy]
Michael it sounds like you are going to be busy attempting to spend your quota!
I cant believe the spending habits of this country…
I am happy to share my quota with anyone who wants it, in fact I will gladly give away 90% of my spending allocation to some other mug who wants to spend their heart out.
[xmas]
[whistle] Shawshank Redemption is my favorite…
In the last month or two there were two articles in the Sunday Mail about the best and worst places to obtain drivers licences in Brisbane, and Queensland. There is one notorious licencing centre in Brisbane, and the failure rate is quite high. That was the main point of the article.
Unfortunately, I cant remember specifics!
Did a brief google search, but couldnt find the article. May be archived in the Courier Mail/
Sunday Mail website. The two articles were in consecutive weeks.These areas of Brisbane mentioned are
lower income, higher unemployment, and as
Calder pointed out, higher crime areas. Not your
most family-friendly suburbs. On the other
hand, I believe it has a higher percentage
of renters as opposed to owner occupiers.I do recall some media reports on growth
in the area, with housing affordability
so low forcing new home owners into lower
priced areas such as this.If you are doing research on this area,
it is also known as Logan, which is
the name of the shire.Thanks CastleDreamer and Westan.
Its encouraging to know I am in great
company!How many posters here are Christians?
The FHOG in Queensland is $7,000.
My understanding on this topic from my accountant and the ATO, is that you can claim the interest and other expenses associated from the beginning of the project.
The more you can prove it is for an investment property, I think the less complicated it will be in the eyes of the ATO.
I guess we should be congratulating ourselves, as you say Derek.
The first +CF property is a milestone for us, we have been disposing of -CF properties, and shuffling finances and other properties to get to this point. We have so many goals to achieve, and want to get moving! It is a little frustrating, we didnt forsea some additional problems, and they werent disclosed. I guess we are fortunate that we have found out now, and not too late.Thanks Derek for your reply.
No, we havent got cold feet, the property we found has a problem that we could fairly
easily solve to increase an already profitable situation. However, information we requested from the vendor on the current lease situation is far more involved than we were initially advised.Also, he is unable to provide standard documentation that we require to protect ourselves from any undesirable tennant activity. Without going into too much detail, there is an increased risk of this.
Also, after receiving the green light from the bank, they have revisited the situation, and require now a 30% deposit. The returns on a 30%
deposit just arent there to make it worthwile.So basically the deal isnt so viable anymore…
