Forum Replies Created
Not to sure of buyers agents in Brisbane. I’m living in Perth and moved from Bris 8yrs ago. There’s also a coulple of Brisbane Real estate agents that use this site. Maybe do a search on other Brisbane posts. From what I’ve been told if your purchasing in Brisbane at the moment you need to make your offer fast or miss out. Prices are rising and some properties are selling at asking price or more. I got my parents to check out a couple of properties for me in Waterford and Waterford West a couple of weeks ago. One of the properties sold for asking price before they got a chance to look, so I ended up purchasing the other townhouse. I paid asking price as it had river views and same price as other units in complex without views. A couple of conveyencers I spoke to said there has been a lot of interstate investors buying in Brisbane. Regards, Linda
My friend has other peoples horses on her property but I know she still has to feed and put blankets on horses. I was also thinking of a thick layer of mulch but the neighbour has had termites so it’s probably not a good idea.[cigar]
Julie, I’m thinking a Llama may be a bit big in suburbia so don’t worry about asking your neighbour just yet. I’m thinking of checking to see what RSPCA has. I might be able to save an animal and I’m sure they could give me some advice also. I’m also going to look into demand for storage sheds and see council as to what I can do. If anyone else has any ideas keep them coming. I’ve considered chucking 2 transportable homes on back and had it verbally OK’d by council. After weighing up costs I decided it wasn’t worth it. Maybe if rents keep rising it may though. What’s your opinions on this. It would cost me about $300k to do and would receive $500/wk rent before expenses. Considering there is a limit to what banks will lend to you, and land appreciates and buildings depreciate, would it make more sense to buy 1or 2 more houses & land with my $300k??
I think Bris has heaps of potential and is about to take off. High immigration and employment. Heaps of good valued properties. I’d do plenty of research first and perhaps think of using a buyers agent to lower your risk. Regards, Linda
I have an article written by Noel Whitaker saying you can put your Capital Gain into super and pay only 15% tax on it. If you want details on it PM me with your email address and I’ll scan it and email it to you. Personally I wouldn’t do this unless I was 50 or older.
Thanks Andrew, I will consider these breeds also. Regards Linda
Goat or second hand pavers/slabs are my favourites so far… something to think about.
Well said Wylie. Thats also what I’ve observed over the last 10years that I’ve been interested in real estate investing. If the suburb is beginning to blossom it is probably the best time. Regards, Linda
I’m going by other properties on similar sized blocks so it makes me think it is a bargain.
It sounds like a good move to me. Linda
I would hold on for 12 months. I think it may benefit from flow on effect. Regards Linda
Where is it exactly? What size block, how far from beach? Linda
Thanks for replies. Julie, Hows your investment maze going? My daughter would love a miniature horse. I’m thinking maybe a goat would be easier. Do you know if you can have just one? Lamas are pretty cute. Are they a nice animal? The block is beside a laneway with a gate so would be easy access to fence off and care for animal. I know foxes frequent the area also. I’m a bit over offering lower rent and providing a lawn mower. Is a miniature horse a doodad or a depreciating asset????? Maybe I’m growing the wrong type of grass???? I’ve also thought of putting a huge shed at back and renting as storage. Any thoughts on this idea? Linda
Look at areas with strong employment, good infrastructure, follow the water or views, fix rates for 5yrs. Buy in lower price bracket – around $200k. People have to live somewhere.
Great colour suggestions! I desperately need to get rid of some large 60’s style orange flowered wall paper in the main bedroom of rental. The burnt orange built-ins are quite sickly too. [wacko][sick3]
Heres another option if you haven’t already considered it. If your PPor is in both names you could sell your half to your husband for $150k without paying CGT, only stamp duty on purchase. This may give you a bit more money to purchase a new PPOR, and putting a bit more debt on investment. You’d have to way up $$$ also to make sure it’s worth it. I enjoy having PPOR that will rise in value, no tenant hassles, agent fees, landlord insurance, CGT, do what you like to property, don’t have to move if landlord wants to sell. Downsides to owning PPOR are though it’s heaps chaeaper to rent, (n building ins, rates) and kids do tend to cause a lot more wear and tear to homes. Way up costs carefully (do some spreadsheets with different scenarios). Regards, Linda
When the outside of building is due for painting make sure you have some input into having complex painted in modern colours. It’s amazing how a different colour scheme can lift and modernise it. Have a look at paint brochures, new building in trendy area’s, and magazines for ideas. Marc has some excellent points. I used to own a unit in Greenslopes and after I recarpeted I regreted not doing timber floors. I’m sure it would cost more but put unit in different league. Maybe even be worth putting wood in lounge/dining area and carpet bedrooms. I’m just chosing colours at the moment and considering Bristol – Mother of pearl; Taubmans – Silverwater; Wattle – Featherwhite. Regards, Linda
We’ve just switched accountants. In both cases we’ve had tax return going directly into bank account in 2-3 weeks.
Try http://www.becnvic.com Business Enterprise Centre. I used them in Perth and did a course through them which was helpful. Also saw an accountant for free. I’ve even borrowed their books from libraries which has heaps of useful information. Linda
Hi Celeste, I’ve been pondering too. My thoughts are first home-buyers areas (with houses around $350k) are worth considering. Maybe Southlake(relatively close to freo & Rockingham ), Beechboro(close to swan valley, renters in Bassendean getting forced out to Beechboro due to shortage of properties, + higher rental return), Clarkson, Ellenbrook(good depreciation,high rental returns, excellent new schools and community feel), Gosnells, Thornlie, surrounds of Mandurah/Scarborough, or suburbs that are increasing their zoning. I’ve just purchased in Brisbane and feel it will outperform Perth. I still feel Perth will rise a little and there are area’s that will outperform others. Regards, Linda
