Hello AropeYou are back at the start of your questions I think?"Do you think property valued at $300,000 now would increase more than $45,000 in 5 years time?"It depends who you ask as shown above, it also depends were you buy.But yes I think a property could increase in value by that much over that time."Is it still worth purchasing a property…[Read more]

Just a quick edit, it was 2,700 dwellings approved but not built. My partner heard the news article better than I did.Nick

Hello aRope99,I suspect you will get a few answers to this question so I will travel lightly and make no recommendation.Option 1 Sounds good but I would want be looking for a property that either grew in value, paid good rent (or both) before I was looking for a property that provided good tax deductions. That being said if you can get a property…[Read more]

Hello Wren,Great, I think Darwin will provide capital growth as the current round of projects come to fruition and that the capital growth will run for five years. We have had our time of no gain. Try this link, works better in Firefox http://www.nthomes.com.au/public/nthomes.nsf/Homepage?OpenI know this will sound like hype but with ~34bn worth…[Read more]

Try entering the name of the town into the search box on the top right and you will find 6 pages on Port Hedland. I suspect a search on Olympic Dam will return  a similar quantity of discussions.Also more specific questions may drag some answers out.While Gladstone is not a mining town my partner and I have experienced the rapid growth such a…[Read more]

Hello Ravenhard,"So getting an extension on my PPOR loan and taking $60k, am I still able to claim a tax deduction on the interest seeing as the $60K if going to the IP?"Yes the new loan split is for investment purposes so the interest is claimed. "Also I dont understand this "Tap CBA for a loan for future investment properties equal to 25% of…[Read more]

Hello Ravenhard,Good question, it is what you want out of the next ten years or so that matter really. If you are going to be a property investor then get ready for debt. Have a reason for investing in property, see the end game.Our properties are with us for life, they will provide an income stream as we wind down our working life.The hands free…[Read more]

Darwin, unit costs $540k rents for $750 p/w with furniture pack.RegardsNick

I use Lowrys in Winnellie. But I prepare all my reports before I visit them.Nick

Numerous credit inquiries can be an issue.There are lenders or will take this into account and lenders who will overlook.Sometimes you will see the term credit scoring, loans can get thrown out before they get to a human.That is part of how we mortgage brokers can make a living, we should be able to advise you on your options in placing a loan…[Read more]

Too tough the way you have described it. <moderator: delete advertising>But here is how I do a roughieAll investment related losses Say $1,000All income PAYG $1,000Investment            $2,000Total Income         $3,000Income less Losses = $3,000 – $1,000Real income $2,000Tax already paid $100Tax on real income $80Tax refund $20RegardsNick

If all the other parts of your loan application represent a 'good deal' for the lender then it can come down to continuous employment type. In a previous existance I was an IT contractor who worked stratight through multiple jobs and configurations but allways long stints and same industry, loans would come through.My partner is now temp, part…[Read more]

To the best of my knowledge the agent has to put any reasonable offer to the vendor.We have stood accross the back garden and traded bids with the agent and vendor so it certainly does happen without any documentation.Would you offer a higher number to try and find the vendors interest point?

[/quote] It depends what country you are talking about, if Australia then Darwin is about to boom and will provide great capital growth even in the next 2 years http://www.importantstuffyouneedtoknow.com [/quote]Here are some notes on Darwin:A few thoughts on Darwin 2012. I think most Darwin watchers would be calling the bottom of the market. It is…[Read more]

thickknees wrote:
Yesterday we put an offer in on another prominent property supply company, the finders fee being $9,900 inc GST which seems a lot to me on a 332K trade but we are assuming we can do it with some confidence over distance. Last time we tried them it was one of a set of flats and all the flats had to change hands on the same day,…[Read more]

Well Crashy,Please don't feel that your opinion is worth any less than anyone elses. But the lose a few million over a few years is off topic for this topic. I believe there is a correct place for the "end of the world is nigh" comments is available under recent topics.As to the it's not about the numbers discussion, I think there is merit in h…[Read more]

Hello Bacon,BBut you neglected to expose yourself?RegardsThickknees

I have never purchased through the investors club although early today I sent our current house requirements through to my local club support member. If we buy one through them I'll let you know how it goes.The last time I asked for a property through them the advice was we were spending too little. As we did not have any more to spend that advice…[Read more]