Buying a company share unit is not so bad if you do your D/D.
They are usually harder to resell, and hence have a lower purchase price to compensate.

I don’t know the pros/cons of company share, but it’s better to get something strata titled.

The banks also prefer strata to company share if you are getting finance.

Thanks recoveryman, i’ve sent you a PM.
Any recommendations for an arbourist (tree remover), and “handyman” would be great.

Thanks too muppet, i’ll have a look but i don’t know if it’ll have more/different listings to the hard copy i’ve got.

Thanks Judi, i’ll give Westan a ring tonight but i think all his stuff is down south.

Yack, I also used to invest locally until i realised i was missing out on other markets – so now i invest where i get the returns (VIC, QLD, NSW, NZ). Not sure what the extra $2k-$3k is for?

I’ve got the local Yellow Pages but it’s always good to get a…[Read more]

Hi LeighK,

When i try and open the ebook offline, it opens up but when i go and click on the screen, it opens a little box saying to enter my username and password, and that i have to be online so that it can verify my username.
When i get online it then tells me it is incorrect and to contact the author.
I forgot to mention i’ve reinstalled…[Read more]

I have an IP that was my original PPOR. There is a lot of equity in the IP that I want to “transfer” to my new PPOR. I have not been able to think of how to do this. The original post hinted this was possible.

So how can I do this?

Dan, i don’t think it’s possible because it’s all about the purpose of the money, not the security.

But i think…[Read more]

Hi Steve, can you please tell me why i can’t open my buyer beware ebook anymore?

When i try and open it, i connect to the ebook website and enter my username and password.

It then tells me i’ve made an error and to contact the author of the book.

Was there a time limit on the ebook?

“How To Create An Income For Life”
By Margaret Lomas.
A fantastic book that is easy to read, written by a lady with lots of enthusiasm. For an insight to positive property, this could be your Bible!

“How To Make Your Money Last As Long As You Do”
By Margaret Lomas.
A good read, mainly for novice investors. This book is pitched at positive…[Read more]

I’m also in the process of getting a NZ account opened from Oz and finding it difficult.

I rang the ANZ in Wanganui today and they told me i had to go in personally to open a new account – even though i already have another joint account that i opened with them at that branch last week.

I went to the ANZ in Oz, to be told they have no idea but…[Read more]

I also attended Steve’s Melbourne seminar and thought it was very creative and educational.

Steve is an absolute genius and gives very good advice. The weekend seminar costs $286 and really just covers the venue and the buffet lunch that is included – excellent value.

If anyone is serious about investing, i highly recommend this seminar above…[Read more]

Hi Choc,

Well done on getting motivated again. Don’t get bogged down and suffer from “analysis paralysis” which results in not taking any action.

Read the “bible” to property investing in Australia called “More Wealth from Residential Property” written by Jan Somers.

Also check out the best free resource for property investing at:…[Read more]

Hi Ozchick,
This post looks similar to your situation:

http://www.somersoft.com/forums/showthread.php?s=&threadid=8145

If this guy can do it, so should you:

http://66.111.38.199/forums/showthread.php?s=&threadid=7947

It’s a shame that you earn a decent income but don’t have any savings or assets.
I think you need to educate yourself by reading…[Read more]

If you’re keen enough, go to department of Natural Resources and pay <$10 for a title search which will give you the vendor’s name, address, when they bought the property and what they paid for it.

I’ve just rang for some quotes among the main landlord insurance policies including AON, CGU, Terri Scheer, QBE, St George Bank and Westpac; and i’ve decided to go with Westpac.

They are the cheapest and offer the best cover for $179.04 p.a or $14.92 pcm per property.
Most of the others range from $220 – $300 pa.

This policy covers the main…[Read more]

Banks don’t like it if you’re too rent reliant and they usually take into account 80% of rental income for servicing.

You should get your IP’s and PPOR revalued every year and lock in that increased equity with a LOC.
With prices so high at the moment, it seems now would be a great time to do it.
It’s like buying shares when they are low and…[Read more]

Bad luck, it sounds like you were exceeding the speed limit by enough to get a suspension as well.
I thought it was 30km in Victoria, or did they change it?

I have not had any good experiences with police and do not respect them at all.

They are a brotherhood that believe they can do whatever they want because, hey, who you gonna call and…[Read more]

Hi Michael,

I also use Gatherum-Goss & Associates and spoke to Sharon today about my structure.
She was able to set up a Pty Ltd to act as corporate trustee; a discretionary trust to run my business through, and a hybrid trust to purchase assets (shares & property) in. As you know, it’s important to seperate your business dealings from the assets…[Read more]

Don’t forget about CGT.
It may be better to transfer them over 1 at a time in seperate financial years to limit this amount.

Hi GG,

1) Yes, i’d generally do this to save myself time and to keep a buffer between the tenant and myself. But since it’s a friend of yours they may feel that you are snubbing them somehow, and wonder why you’re doing it now all of a sudden after 5 years.

2) If you’re in Victoria, they need 60 days notice in writing if they are now on a…[Read more]

East coast CP has also been a victim of the current boom albeit without the frenzy in some pockets.

In the good old days, a rough rule of thumb was 5% for residential and 10% for commercial.

However yields are now down to 6%-7% in a lot of areas because of increased prices where the rent hasn’t kept up.

Quality property such as in Chapel St,…[Read more]

The govt did pull the pin on neg gearing and as Terry says, it was a disaster so they had to change it back.
The govt relys on us property investors to supply about 25% of the housing market. Of course they can’t afford to do it all themselves with public housing, so they need to encourage us in some ways like neg gearing, and the recent Ralph…[Read more]