Cute, but not as cute as me!

When you change from PPOR to IP vice-versa you need to have a valuation done so you can correctly apportion CGT when/if you ever sell property. 

I got a score of 2961.  If I complete a development I'm considering doing my score is 3286.

i'm not sure that Geraldton is the best place to purchse right now.   I think Perth units within 5k's of city would perform better.  Geraldton sounded good to me till i visited and realised how windy it was.  And you really need  to be careful which suburb you invest in.  I wouldn't go for the cheapest suburb, I would only invest in centre if I…[Read more]

I don't agree entirely.  I think we'll still achieve some growth (10%/yr) in good suburbs, within 10k's of city or close to coast, or changing infrastructure.

Hi sauvemechanic, I haven't personally had any dealings with property managers (I self manage).  Robin Spinley from Genesis Asset Management was recommended to me though so they may be worth a try?  She does Bassendean area so I'm sure she'd do Mt Lawley also.www.genesisassetmanagement.com/minigen/default.asp?contentID=2

Hi Vanessa, I would purchase now with a long settlement.  I can't see peoples confidence being put off much at this stage.  I think people will be feeling a bit nervous in about a year. 

I do think it is worth considering.  I'm living in Perth but homesick for family /friends in Bris.  When I visited a while back I felt like I was visiting the desert.  I was considering if I were to move back I would probably be more likely to move to Northern NSW or Maleny.  I do like my nature/greenery/gardens.  x

What do Brissie people think of above list?  Does anyone invest / live in these area's on the list and would like to comment?  I was suprised to not see Mt Gravatt and Beenleigh up there before some other suburbs.

Thanks guys, you're so knowledgeable!  P.S.  I'm not into wrapping though

Good post diclem, that's what I wanted to say but couldn't find the words or energy to do so!

Terry, is that a new thing in past few years?  How do you get a licence?

Wraps aren't legal in Perth.

Thanks Jason.

Hi Jason, the reno is excellent!  Did the prices of unrenovated properties go up in the time that you held the property or stay the same?  Would you go for a more expensive area next time??

Excellent post fliptolid.  My thoughts also.  As a property owner YOU need to take control.  Don't leave it up to a PM to choose tradesman, do your own research.   If you come across shonky workmanship or outragous fees for services deal with it on an individual basis and get over it.   Most tradies are good, and when you're happy with their servi…[Read more]

I self manage 2 of my properties mainly for 3 reasons.  More control over who the tenant is going to be. Save about $3000/yr.  Have found PM's often underquote rent ($1000/yr).You need to be professional, keep up with the regulations, do checks on references, etc and good with determining peoples characters.  I have the tenants direct debit a se…[Read more]

Hi, have found bleach, anti-mould paints and cross ventilatation the best option.  Maybe security screens on all windows and doors is a better option.  Maybe you're better off arranging the quotes yourself. m

Go Andy, let us know how it goes.

Take your own advice.marc.