Hi vyaw2003,

I know advertising’s not allowed on the site but it would probably help if you passed on a few more details.

Details like location, size ect may help provide more relevant answers.

You could maybe look at advertising across different states depending on it’s appeal. There’s loads of free/cheap ‘sell it yourself’ real estate sites now. And the nations alot smaller than it once was.

Maybe even post details in your local shopping centre ect. on the notices board. There’s so much exposure you can get free these days before having to pay.

But if you prepared to pay maybe a simple add in the local paper or community papers? Add a story to it, i.e. ”you can’t sell it after a year” and speak to someone in advertising about getting a free editiorial with the add. Sure they would publish a little article if you use your community paper as they could do a little ‘proprty market snapshot ‘with it

All the best

P.S if it’s anywhere down south in WA let me know and I’d be happy to look at. [biggrin]

Sweet – I asked the same question when I first started using the forum (and I bet alot have done the same) so not a stupid question at all …

PPOR = Principal Place of Residence and IP = Investment Property

I’d second all the above, great explanation Qlds007.

Also – I came across an interesting site for anyone wanting some basic info on super the other day. May suppliment or help answer any further questions -maxsuper.com.au

I’ve got no relation with them at all, just thought it was a refreshing explanation of some dry, often confusing topics

Hey alotti,

I’m an FP myself, but more so involved in raising capital than generic financial planning (just making sure it’s clear I’m not chasing business)

There’s three main ways an adviser will charge –
1) Commission
2) Hourly / Per Consultation Fee
3) Upfront & Ongoing Fee for advice

The first quote you got ($3,000) is an example of 3) and obviously the second of your quotes, highlights method 2).

Thats the first thing to understand. Because there’s not set way in which all advisers charge there’s constantly discrepencies.

I know alot of advisers who’d charge even more, say $5K, for initial ‘plan’ and then maybe $500pa. If they are going to charge you that, or if the $3,000-$3,500 you noted is a per annum charge – they better be making you 5 times that or helping you protect what you’ve got as well.

There’s no set fee to compare to but I’d say (and you could check the Financial Planning Association) that $145per consulation(hour) is a pretty good price for that method of charging. Usually between $150-$300.

Again – it all varies so it can make it difficult.

At the end of the day
– get down to detail on what you’ll get
– how many clients do they have (so you get an idea of how time your gonna get if your paying an annual fee)
– shop around

And above all feel comfortable with what your paying and know that if it does’nt add up – you’ve got a clear, unexpensive exit fee.

Hope that helps – gee I go on sometimes. [smiling]

Hi batesy,

Balga has had a substantial part of re-devlopment go through over the last couple of years. Prices have sky rocketed.

I don’t think I’d be purchasing there though, even if houses were $100K less. I’ve lived NOR for 23 years and although I’m a fair way from Balga no-way would I consider living there.

Still – if it’s an IP who cares if you’d live there it’s all about would someone else. IP – possibly (though still quite expensive compared to far more ‘secure’ surrounding suburbs), PPOR -definately not.

Just my thoughts and I’m sure other people from surrounds have totall different views. Nothing against the people their just going on my past experience [hair2]

Hi Cata,

In what regard has the book been outdated?

When I read it, I viewed with caution the Property Investor Trust and it’s noted Land Tax Benefits..is this what you’r referring to?

Always interested in reading your thoughts on structures.