Hi u9026a

Try McQuarie Property Inspections, 03 9663 9900.
Good Luck with your purchase.

Quote
I think your “oh no, it’s a high-rise” attitude needs to be qualified before lumping every development together in the same basket. A bit more homework wouldn’t go amiss.

1/ Melbourne is my home town.
2/ My occupation is a property and investment…[Read more]

Hi mcbeath[]
As I understand the situation, given the small amount of information, your situation is as follows.

1/You have 2 negative geared properties and they are in an oversupplied area as evidenced by the problems with vacancy rates.
2/The corresponding yeild is lower than desired , so they are costing a lot to retain.
3/ You are concerned…[Read more]

Hi Prop16[]
I have just checked it out on the internet and it is a high rise on the Yarra River.
As such I wouldnt reccomend it to anyone.
Regards

Bryce Inglis
brycei@ipal.com.au
http://www.ipal.com.au

hi 9026a[]

I would urgently suggest you obtain your own valuation before proceeding any further.Also you could well be advised to do your due dillegance on the oversupply, low yeilds and high vacancy rates in regard to this type of investment

Hi mikeej[]

To minimise tax the title can be split unevenly, for instance 20% in one name and 80% in the other.
If the property is negative geared then the 80% can be in the name of the highest income earner,if positive geared the 80% can be in the name of the lowest income earner. this split may be as high as 99% – 1% however the ATO may veiw…[Read more]

Hi stepentc[]
Give Simon, or one of the other brokers on this site a ring as you have nothing to lose and will be able to obtain specific advice on your situation.

Regards
Bryce Inglis
brycei@ipal.com.au
http://www.ipal.com.au

Hi double2,[]

It is possible for her to buy other properties using the equity in her mothers home.In order to simplify matters the new properties would have to be in joint names.The share of ownership on the title can be adjusted in order to suit the person who is able to provide the nessesary income needed to service the loans.
This way the…[Read more]

Hi Mel[]
On a closer examination you may be right.When I posted my reply I may have miread the situation.

Regards
bryce[]

Hi jmskin[]

Investing in Australia by a citizen of another country is governed by the Foreign Investment Reveiw Board, their web site is http://www.firb.gov.au and is worth a look as you have to abide with their rules. Basically you will not find them to be too restrictive as suitable investment prperties can be located for you that fit the…[Read more]

Hi mender,[]
The outlook for negative geared appartments in the inner and fringe areas is pretty bleak.Whilst bearing in mind that this is a positive geared site, a discussion of some negative gearing principals are required…Boo …Hiss[]
Negative gearing is the fastest way to accumulate equity and such careful reasearch is required in order…[Read more]

Hi all,[]
We are still recomending variable rates to our clients,however the choice is still up to them.
Whilst BIS Shrapnel are forcasting rates as high as 10% by 2006, they seem to be the only ones at the moment to predict this.
There seems to be no evidence thru various banks economic reports to suggest that this will occur at this time.Latest…[Read more]

hi chriso[]
Intrest Only loans are normally used for investment purposes whilst Principal and Interest loans are normally used for home ownership.
If an investment property is paid out fully whilst you are still working, it will cause your income tax payments to escalate and theroretically you could pay out more tax than you earn [at least it…[Read more]

hi forextrader[]

Please contact me.

Bryce Inglis
brycei@ipal.com.au
http://www.ipal.com.au

Hi Richmond[]
My brotherinlaw is the consultant for this project.About a year ago we had a talk about accomodation for this project.
Acommodation was required for 3000 workers,the downside is that only 1000-1500 were to be retained after the construction period of 18 months.
I felt that this would create a surplus and that values may fall after…[Read more]

Hi powmow[]
Congratulations.
The most important issue with advising a client is to protect their interests.
Whilst obtaining a commision remember that you are dealing with others in a commision based industry who will have their own intrests at heart.
Protect your client, and if they are paying you money regard it as your obligation to at least…[Read more]

Hi Josh[]
First,keep on reading and participating in discussion on this and other chat rooms.It is a great way to learn.
With regards to positive versus negative gearing both methods are relevant in a properly balanced portfolio.
I am listing in point form the differences between the two strategies.

Negative
-Must be growth orientated
-Usually…[Read more]

Hi Feilds & Bill[]
Another good read is “The Land Boomers” by Michael Cannon about speculation and the resultant bust it caused in Pre Fedaration Victoria.
Saul Eslake,Chief Economist,ANZ Bank has stated recently that “this is a dangerous time for investment.”
To incorporate only one philosophy as an investment strategy and to not pay heed to…[Read more]

Hi jiee-23[]
1/ Whilst I am not compleatly sure about the legal side of things this is similar to cases where couples have a large differance in incomes when purchasing negative geared property.
In these cases the majority of tax benifits are claimed by the highest income earner.
This is acheived by setting the Title and loan structure up so that…[Read more]

Hi Cindyli[]
Dont panic or do anything rashly.There is a lot of expertise available to you on this panel,however we all need more detail in order to give you advice.
If the detail becomes too specific for you to post then it can be handled off line.
You will only become a victim if you sell when there is no need to.

Regards
Bryce…[Read more]

Hi All[]
One of the reasons is it gives you more protection against losing your principal place of residance if an investment goes bad.
Basically your home can be with one bank whilst your investment streams can be with another.
If you get into trouble then you can sell one of the investment properties and use the cash to reconsolidate debt…[Read more]