How about Depreciation as an add-back -imagine a house has $110,000 as the building cost (not land component which may be $110,000 also), 2.5% of that figure can be taken as a tax deduction, that is $2,750, every year for forty years?

Imagine the property had an income or rental of $250 per week then through the 2.5% building depreciation…[Read more]

Originally posted by Dazzling:

Looking forward very much to the figures coming out in a few weeks time showing what the property in the West has done.

Dazzling,

Is that in The West Aust Paper?

REDWING

“Money is a currency, like electricity and it requires momentum to make it Effective”
Count The Currency With This Online Positive Cashflow Calculator

Already happening Flatout..

we’ve raised our rents not long ago and the tenants were happy with the slight rise..

There is another thread where a few of us have raised rents to meet current market rates, interestingly the vacancy rate in Perth/WA is quiet low in many areas (Wanneroo etc) and rents can be raised without concern to the new…[Read more]

I’ve heard the same, that some lenders apply “add-Backs” and others dont..that’s why I prefer a Mortgage Broker to a Bank Manager..

More Options..

A Broker who is also an Investor is a *bonus*

REDWING

“Money is a currency, like electricity and it requires momentum to make it Effective”
Count The Currency With This Online Positive Cashflow Calculator

Listening to Aussie John on the radio he was more or less talking about apartments from what I heard, however, it was only a breif talk..

I’m not concerned for the properties I hold (I’m actually expecting more CG), but as we’re aware there are so many different ‘markets’ within the property market as a whole..

“Money is a currency, like…[Read more]

hey..do we have a few night owls here?

posting around midnight.

REDWING

“Money is a currency, like electricity and it requires momentum to make it Effective”
Count The Currency With This Online Positive Cashflow Calculator

My first property was an IP, we even lived in a caravan for a year or so; also lived in a shed (fun times).

I think i was paying around 13-14% interest back then, however the property cost me about $69,500 and rented for $95-100p/wk -wish i still had it ;o)

At the end of the day it gets dark..so you have to do what best suits your’personal’…[Read more]

Flatout-

If you buy up North and get good returns, you may be able to buy another IP in Perth as well depending upon the increased income wouldn’t you..kind of along SiS’s Offset Gearing.

Country WA property still looks interesting in many areas and possibly hit the peak in others, making the city still worth a look for CG and increasing rental…[Read more]

Good Idea DrX

Maybe one of the accountants can offer some advice here?

“Money is a currency, like electricity and it requires momentum to make it Effective”
Count The Currency With This Online Positive Cashflow Calculator

Once you start doing a few properties the government wants their cut as well and see’s you as ‘being in the business of selling properties’and may look at you in a different light..and have different requirements.

The developers here like Michael and Ausprop may be better placed to comment here though.

Great effort though and well worth…[Read more]

$330-350k[blink]

Why so expensive for you first house?

Then factor in all the other costs associated with a home..

I agree with Dazzling in that you will be hocking yourselves to the eyeballs for NTDD..

and you may have to forget about investing for a while.

The brokers here will be able to give you an indication of how much you can borrow,…[Read more]

What type of Solicitor?

REDWING

“Money is a currency, like electricity and it requires momentum to make it Effective”
Count The Currency With This Online Positive Cashflow Calculator

How much equity do you have in the property..why not keep the property ‘and’ invest as well?

Maybe post some info on your situation so the brokers here can give you some feedback

“Money is a currency, like electricity and it requires momentum to make it Effective”
Count The Currency With This Online Positive Cashflow Calculator

It’s WA’s time in the sun lately..how long will it last..dunno, supply will have to take over demand, which I dont think will happen anytime soon..

Then again..interest rates may rise again soon as well..

Value is based on supply and demand. And population is increasing ; have you recently looked at the population chart? There are so many more…[Read more]

I only opened this post to apply for the modelling job?

however..

Have a look at Jaffasofts site at the bottom of my post, it should help somewhat also when working out costs..

“Money is a currency, like electricity and it requires momentum to make it Effective”
Count The Currency With This Online Positive Cashflow Calculator

:o)

Option 1- Speak to the builder

Option 2- Call Scott from Depreciator

“Money is a currency, like electricity and it requires momentum to make it Effective”
Count The Currency With This Online Positive Cashflow Calculator

hmmm if time really is money how much does it then cost to

*go to the loo

*make a coffee

*watch your favourite TV show

if time “is” money is someone who ‘arrives’ prematurely really just a spendthrift?

All points to ponder??

“Money is a currency, like electricity and it requires momentum to make it Effective”
Count The Currency With This…[Read more]

The local shire should also have details and a good settlement agent would’ve provided them to you IMO.

REDWING

“Money is a currency, like electricity and it requires momentum to make it Effective”
Count The Currency With This Online Positive Cashflow Calculator

Originally posted by Rob_W:
And it’s VERY close to the airport, too. Great for when you’re running late for the plane!

Seriously, is this an issue? I looked up what’s available after reading Ausprop’s comment, and the RE seems pretty cheap. Is this because you’re buying the Perth equivalent of the home from ‘The Castle’?

[cap]

Old houses,…[Read more]

It’d be easier to post where “not” to Invest in WA at the moment as everything is still going great..

My preference is for areas in Perth and I believe the reverse ripple will see benefits here, throw in possible interest rate rises higher fuel prices etc…

“Money is a currency, like electricity and it requires momentum to make it…[Read more]