For those that are not familiar with it BAXTER is a neighbouring suburb to Frankston. [biggrin]

If you want to find the “starting line” but can’t maybe it’s because there isn’t one; that is, you haven’t drawn one.

Maybe you could ask yourself a few questions (perhaps even share them with us here) like:

What is your financial position; working, unemployed, have saved some money, need to find a way to budget better etc.

What are your goals;…[Read more]

Originally posted by aussierogue:
i would also add that the bad suburbs done good are usually ones within 1-15 km of the city center.
Yep, I have to agree with you Aussie; as much as some of the more distant areas may pick up in popularity given their affordability, unless (as you stated in another post here) unless it is near water, the chances…[Read more]

Originally posted by Derek:
Bear in mind that sucessful investors are long term players.
And in addition, the longer you play the better your chances of winning!!! [biggrin]

Ronulas,

There is some truth in what you are saying, and in 24 years of investing I have seen many areas that were once considered “undesirable” become highly sought after.

Off the top of my head I can think of two distinct Melbourne suburbs in which this has occurred; these being Ashburton, Ashwood and Preston. However, there are certain areas…[Read more]

Brad,

You are missing 2 things here:

1. If the news even HINTS at a possible IR rise, and it is bandied about enough, people will tend to hold off from buying because it means they will have to pay more. On the other hand, another reason they will consider holding off from purchasing, is because they anticipate that an IR rise will force more…[Read more]

Originally posted by tony wpb:
i own probably australia’s largest property investment company (in turn over of sales ). i have in excess of 60 properties (val in excess of $20M),95% of those are bluechip propreties. in my experience do not invest in low demographic areas( i learnt the hard way). i never use wraps , the key is to own , who wants…[Read more]

Not really sure luckyone, it may well be. Don’t forget banks tend to give very conservative valuations, hence it may have been worth more at the time.

Check with the ATO if this valuation is sufficient, otherwise you may need to get an independent property valuation from someone who can backdate it to the time you moved out (preferably a valuer…[Read more]

Luckyone,

You will be exempt from CGT for the period of time in which it was your PPOR, and (now here is the really really good news….) IF it has been an IP for <6 years AND provided you did not claim another property as your PPOR in the meantime, you will still be CGT exempt.

However, if this is not the case, then the cost base calculation…[Read more]

Originally posted by woodsman:
not a realistic guide to the current market value….Recent comparable sales of similar properties are better for you in ordre to judge what would be a fair and reasonable price for the property.
Well summarised Woodsman,[biggrin]

Council Valuations are used by councils to determine the annual council rates.

Land…[Read more]

Originally posted by Spanky:
What is the problem with buying property now, (at the top of the cycle) if history shows (and history generally repeats itself if you look at the price fluctuations of almost any asset or commodity) that in 10 years’ time, (remembering property is a LONG-TERM ASSET) that property is going to be worth considerably more…[Read more]

Hey Kathy,

What do you reckon??? Should I buy myself a block of chocolate or a block of flats next time I go out??? [blink]

If you’re thinking it’s personal choice, and based on my own set of financial circumstances; then BINGO. You’ve just answered YOUR own question!!! [blush2]

Your ONLY investment has a return of 5.4% and no doubt you are…[Read more]

That’s an excellent summary Michael; you have IMO described the Melbourne market perfectly!! [biggrin]

Cheers,

Jo

Micasa / Brenda

If you sell ANY INVESTMENT you will be liable for CGT.

If you sell under 12 months you pay 100% CGT, if over 12 months there is a discount of 50% for CGT.

If it is a PPOR then it is CGT exempt.

So if you move into a property (claiming it as your PPOR) then decide to rent it out for a while, you have 6 years in which you can do…[Read more]

AN INDEPENDENT VALUATION!!!

As it is your PPOR you are entitled to rent it for up to a maximum of 6 years and still be CGT exempt should you sell during this time. However, you will need to know what it was worth (to calculate the cost base) at the time you moved out (market value) hence I suggest you make this a priority. It certainly can be…[Read more]

Hi ss2306,

Okay first things first….take a deep breath, count to ten, and slowly release…….[biggrin]
Better??? [blink]

Seriously, as a mum/wife/investor/head pencil sharpener in my house, I can apppreciate what you’re saying, and certainly buying interstate when you know little or nothing about a particular area is SCARY stuff; that’s why…[Read more]

I had no doubt about it Karl….you’re a lucky man!!! [biggrin]

Keep up the good work; that was a very thought provoking thread/post!!! [thumbsupanim]

Cheers,

Jo

Hey Karl,

Good for you; wish I was more into gardening but my fear of getting dirty has forced me to make some life changing decisions ie. hiring a gardener…..ahhh well…they tell me change is a good thing!!! [tongue]

But I daresay, you shouldn’t have too many problems convincing Rita (I’m assuming that’s the lovely lady next to you in the…[Read more]

Originally posted by Karl and Rita:
Anyone who says I have no choice chooses not to make a choice.
Great post Karl, and yes some very valid points you make there. However, you need to remember…..

The real issue that needs to be addressed in such situations, is not the person’s reluctance to make a choice, but the reasons given for the…[Read more]

A useful link to add to your favourites and check periodically for valuable snippets of information, try:

http://www.iproperty.com.au/Content/Content.aspx?TopicId=3748

With respect to this thread, scroll down the page to the following articles entitled:

Sea Change May Lift Rates
21st January 2005

Love Affair With Holiday Homes
14th January…[Read more]