We bank with <a href="mailto:n@b“>n@b and have found them generally very good. You may have come up with an incompetant person/branch. Many years ago we used to bank with Wpac and had a dispute with them which we refered to the Banking Ombudsman. It took us over a year to resolve as the ombudsman kept going round in circles. It was a matter of…[Read more]

Begs the question. What do you do with the cave?

Thought so! There's no escape. They get you one way or another.

Rebates on mortgages is certainly "news" to me. What amountof rebates are we talking about? How much?

Interesting notion! I have never heard of a short sale in property.In share trading, short selling or "going short" is the practice of selling a share that the seller does not own at the time of the sale. Short selling is done with intent of later purchasing the share at a lower price and completing the sale transection. Short sellers attem…[Read more]

I would consider getting an independant property valuation before and after renting so that it is clear what portion of the gains should be CGT free

BlayWe will certaily be pursuing the absconded tenent via Debt collectors in the New Year (hopefully they can locate them). All this happened last month so we are still finding our our way through the maze. They had left our property in a real mess – however this does not matter in this case as we have flattenened it to develop a duplex in its place.

We have recently had a similar experience with a bad tenant who still ows us about $5000 in Sydney. Our property was managed by an agent and all the paperwork was in place (condition report, tenancy agreement, etc). However, even that does not gurantee that you will get all your money.In NSW, you can give a "no reason" termination/eviction notice…[Read more]

Dazzling wrote:
Fascinating to see the responses so far. "Where are all the really flash cars – the Benz's and BMWs ??" Good question giddo… What were people's initial expectations ?? Any more people like to share ?? Cheers, Dazzling "No point having a cake if you can't eat it."

Dazzling As you rightly quote in your sign off "No point having…[Read more]

There has been a lot of discussion on India in this forum previously. See search link belowhttps://www.propertyinvesting.com/search?keys=india

It's NSW

Thanks raddlesI will look into it

Contact Alistair Perry on this forum. We have recently got some finance thru Perry and Associates for a 6 unit block

Depends on what state you are in. Try this site for NSWhttp://www.osr.nsw.gov.au/erevenue/calculators/landtax.php

A good way to work out rental values in an area is to pretend to be a potential renter and see what the lowest you can negotiate for similar properties to yours

What are you people smoking?

I have just purchased a block of 6 by 2 bedroom units to add to my portfolio of 5 houses and two units. It is a great way of balancing the finances. The individual houses are great for capital growth (land value) but have a poor cash flow. The units are great for cash flow but have a lower capital growth (land value).

That's amazing – 42,000 people interested in property investing and no one can recommend a property manager in Liverpool!

I am not sure what your mortgage broker has advised you, but here is a quote from the NSW Lodgement Guide re: eligibility for FHOG and exemptions:
Applicants and their spouse (including a de facto partner) must:
Not have previously received a First Home Owner Grant in any State or Territory of Australia
Not have owned a residential property…[Read more]

Yes, great post hb. Some real gems if insight that can only come from time and experience.

Cheers
Pyramid