Linar wrote:
Hi OzboyI'm not sure whether a deposit bond will come up on a credit check but if you were able to come up with the deposit yourself, you could absolutely do what you want to do.  As to whether it is clever or not, I would caution against it UNLESS you are a very experienced investor and intimately know the market where you want to…[Read more]

Generally speaking, I don't see the point of selling a property in Australian suburbia as there is plenty of years of 'heat' left in the market, if you have a global view of relative property values. You simply use the available equity in your home to buy more property. Buy more property when the properties you own have gone up in vaue & you use…[Read more]

You would be using a deposit bond rather than $200K, yes?

Tools wrote:

Ozboy wrote:
I can't keep up!! This is only done by the plumbers association (or whatever they're called) lobbying the government to make it law, so they can get more work. They'll provide some illegitimate reason – "…someone fell down 25 years ago & broke their neck, so better leave it to us…"Installing laserlite is like…[Read more]

Jase and Flic wrote:
 Did you know only a licenced plumber is allowed to do roofing? eg lazerlight

I can't keep up!! This is only done by the plumbers association (or whatever they're called) lobbying the government to make it law, so they can get more work. They'll provide some illegitimate reason – "…someone fell down 25 years ago & broke…[Read more]

sebsez wrote:
Hi All, I have a dream! ha! I'm thinking of, within the next couple years moving into a position where I could buy / renovate then sell or rent out property full time. Does anyone else here do this? Is it possible / feasable to do? Just thinking about the figures, in order to maintain a certain lifestyle and afford to continue…[Read more]

Hi all & thanks for your feedback.I have actually decided to go with aluminium framed glass doors. They're a fairly new concept to the Australian market & as such I expect an even better return than what two-pac would give (at least for the next 3 to 5 years, when they become 'yesterday').I also have a friend who manufactures toughened glass, so I…[Read more]

frini wrote:
If it is your PPOR and using the "Temporary absence" rule, you have it rented, then any costs associated with this, like depreciation and interest costs are fully deductable, as if it was an Investment Property.Whether the improvements were done while you were living there or while it was an IP is irrelevant, it will still be…[Read more]

Handy Andy wrote:
As far as I am aware, any improvements you make to the house while it is your PPOR, can not be claimed…ONCE it is rented, if you do improvements then, you can claim those as a deduction through a depreciation schedule.

How is this different from someone who owns a property that they don't live in, spend 3 months renovating…[Read more]

Handy Andy wrote:
Um, if you can renovate an IP, you can claim it on your tax. Renovating your PPOR is not very smart for a tax break…I know, I'm doing it right now! But yes, it is one way to value-add, just pointing out that it would be better if it was an IP…

But if it is to be used for renting then I should be able to claim the works…[Read more]

1Winner wrote:
Decking material is designed to be out in the elements and last a set number of years, say 10 years.

Not Modwood. It is guaranteed for 10 years & would probaby last 50 years. Nearly twice the cost of Merbau, but doesn't require painting as the material has a colour pigment. The only downside is it stains & marks easily, but this…[Read more]

Xenia wrote:
What impact would it have on your lifestyle?Personally, the only things I pick up during a renovation is a pen and mobile phone If you use other peoples time, you can be doing multiples at once, your strategy can only do one at a time with a huge impact on lifestyle. Trusts are better entities to buy renos in than are companies,…[Read more]

Originally posted by Derek:
Hi Ozboy,

If you can only finance one – then only buy one.

Otherwise you are leaving yourself wide open for all sorts of problems.

If your intention is to flip them you will still need to have a ‘fall back’ position available should you not be able to onsell.

Too risky for this little black…[Read more]

Also, ditch the idea of Science, Engineering, Maths, blah, blah, blah.

Try & find anything written by Henry Kaye. Over 1100 properties inside 5 years (as stated before the Federal Court). Regardless of what people think of him, that’s gotta say something!!!

We answered er question without having our own agenda- to fit in with her question.
My apologies. Next time I’ll avoid thinking laterally…..

There is nothing wrong with renting!! In fact, it is more cost effective to rent (read: lease!!) than buy a property & pour your money into loan interest.
Keep leasing & buy property. I cannot believe some peoples’ suggestion to own-your-own home. Refer sizzling duck’s comment: “…Just imagine your rent over say the last 20 years was your…[Read more]

If I had my time again I would have dedicated myself to studying investment & finance. Its all about knowledge. Don’t simply limit yourself to property. Look at the current market, generally shares are getting significant returns, as the property market stagnates. All things being equal, IMHO, more money can be made out of property than…[Read more]

Thanks guys!!

Originally posted by elves:
and you dont think we dont already pay for that?

Yeah, I think its called Stamp Duty on GST!!!