Hi happy to assist, please email me the actual property address and I will reply with a Comparative Market Analysis and a Suburb report. I need more details as price can vary depending on number of rooms, bathrooms, car spaces etc etc. Can you email me a link to the actual listing?

Hi I can recommend http://www.housedesignsolutions.com.au/

The post above seems to have covered the key points so I will approach it from another angle.. in all my years dealing in property and finance, I have never seen a partnership like this work out. In fact all I have ever seen or heard has been negative. Sorry to put a dampener on things. Like any relationship, as soon as the honeymoon wears off…[Read more]

I agree absolutely, get a building and pest inspection for sure on any purchase.

Try these guys for an inspection http://www.aussiespect.com.au/
And conveyancing http://www.lexcon.com.au/

If you want to build wealth the key is to build the size of your asset as big as you can as fast as you can. Its the size of the asset that will give you the return and will snowball (compounding growth). I have a video on my website you might want to take a look at regarding a simple strategy you could easily put into place. The strategy can be…[Read more]

Are you aware that duty will be payable when you transfer the property? Personally if I was getting full rental income I would rent out. I would be happy to discuss further if you shoot me an email., also other Forum members might have some useful insight as well.

>>as it is currently looked after by my fiancee’s parents (they are paying the negative cashflow), I am not yet in a position to comment<<

I guess if your fiance’s family is paying the difference then your doing ok. If you are not living in the property then you get tax benefits. perhaps speak with your accountant who can advise you on…[Read more]

Hi Tim happy to meet up, feel free to contact me any time.

The FHOG applies to your first PPR (home) whether or not you have previously owned an investment property. In other words you can go ahead and buy an investment property now and still be eligible for the FHOG later on. If you are married or in a relationship the grant applies to both of you whether you buy in one name or both. Happy to help re…[Read more]

Hi Ajay, the question is “are these properties going to give you a decent return on your investment (growth) as well as the rental return? There are some good sources of info out there, hotspotting.com.au have info on high yield properties and Residex has an excellent report. Its all very well to find properties that have rental return but are…[Read more]

Daniel Mare wrote:
I'm building a brand new 4×2 house and considering renting it out myself without using a property manager.  Does anyone have experience renting out properties without the use of a property manager?  What are the potential pitfalls I might face?

If you have time to spare and you are within reasonable driving distance from p…[Read more]

The API magazine has lots of good books and info in the back section of the mag..

You would need at least 5% of the property value in genuine savings and employment of a min of 3 months and be out of the probation period. I also suggest you buy a PPR (home) first to take advantage of the FHOG. Hope this helps.

Hi if this is correct “The property is currently tenanted for around $300/wk, but should be getting between $350 – $500/wk” then why is the rent $300 a week? If you were getting the full rental income i.e. above $350 then its a reasonable yield and I would keep it rented. As an investor I prefer to rent all my properties out and don’t O/Oc.…[Read more]

These guys are pretty good http://www.realestatetraining.com.au/

Rents for a 4Bdm in Gladstone are around $410-$420 a week right now but expected to increase as the demand for housing really kicks in. British Gas put in a order for over 50 houses and developers just cant supply them… land is a real issue at the moment. The expected rental increase is anybodies guess right now.

I have dealt with a few builders in Brisbane including one you mentioned and don’t want to comment publicly. In terms of quality and reliability have a couple I can recommend, feel free to shoot me an email and I will pass on their contact details.

You need to watch out for any small outfit particularly if they are a start up or haven’t been around for long. You broker should be able to advise you and if they suggest a lender you haven’t heard of then ask questions i.e. who are they, how long have then been around, industry awards, who actually owns the company etc. You don’t want your…[Read more]

Any new property sale (house and land) will have sales commission built in to the price to cover sales and marketing, thats just standard, similar to established properties usually factor in the Agents commission.

There are benefits with land and construction i.e. full depreciation, no transfer duty payable on the construction .. if for example…[Read more]

1: You local council will be able to advise you on how you can develop the land.
2: The only sure way to find out building cost is to get 2-3 quotes from builders because as there are hidden costs on top of the construction i.e. cutting or retaining walls etc. You can get a rough idea of construction costs from…[Read more]