Hi Tanelle,

Awesome it helped.

I have bought two development sites in the last 12 months in Noble Park – one within 500 m of Noble Park Station for $750 plus which will include 7 townhouses and another which we just had plans and permits approved for 5 t/h. I can tell you the obstacles are greater now than they used to be. Everyone will know…[Read more]

Hi there –

Welcome to the forum and I hope you can learn alot here before you take your first step to success.

I offer a mentoring service…. (nah only kidding – refer above for warnings)

Re mentoring – you just need someone to point you in the right direction – if you are in the SE you could look at certain suburbs that can provide growth for…[Read more]

Hi Brett – my first property (17 years ago) which I still own is on a main road in SE Melb. I subdivided it and kept the back townhouse. In this area the value of my townhouse v townhouse sold in the area is comparable with no major impact on valuation. The road is busy but not a major impact on value or tenant.

Now when I do buy now – I donot…[Read more]

Hi Jamie –

The answer is yes you can however there are a number of important compliance considerations before you proceed.

Up to 18 months ago, no lender in the states would lend to a SMSF, now there are two specialist lenders who have a product that can be tailored for SMSFs under a limited recourse borrowing. Rates are higher than here (6.99%)…[Read more]

Hi Don – to answer your question – yes they should. Not sure SMSf borrowing is accepted across all lenders as ANZ and NAB have exited the market and St George is continuing to tighten the lending criteria – as recent as yesterday St George introduced a 10% minimum liquidity requirement.

SMSFs (I am passionate about) are a great opportunity for…[Read more]

Hi Yson – with technology – these days you don’t need a broker to be in your same city, with phones/ skype to introduce – followed by email, the process can be very efficient and some people prefer to deal with over over the phone. Settlement will be smooth – as long as you are able to understand the loan offering.

Cheers Ivan

Ben, which investment group did you go with? Many of these groups just focus on the sale then cut and run once the property closes. Many are left clueless with the regulatory and accounting and tax requirements as well as what to do when the dodgy tenant trashes your house.

Cheers Ivan

There are mixed opinions – I have companies for EACH trust – that is a Discretionary Trust, plus trustees of each bare trust that hold SMSF assets, small price to pay for piece of mind in my opinion.

ISn’t ‘that’ organisation still spruiking the benefits of mining towns?

FIDO hang in there mate

Hi Borna –

Welcome to the forum it is a great place to get some of the questions answered that you may have been scratching your head over,

Whether its a sellers market – depends – on the area and the price, yes, its defiantly crazy at the moment but by no means does that mean it is too late to enter the market and buy at a good price.…[Read more]

Hi Natasha –

There is no minimum to set up a SMSF, it really depends on your investment objective. In relation to purchasing property within an SMSF, I see $100k balance as achievable, however this will depend on your purchase price of property. The reason the minimum balance has decreased is due to the fact there are many providers providing…[Read more]

I have VIC – it ain’t cheap and certainly not $40 a month (per state) more like $2700 per year for one state….I would love all of Oz given we operate over VIC< NSW and QLD however its just bloody expensive, would love a solution too.

Cheers Ivan

Hi there, there are a few banks that you can open a bank account from Oz, I used to commit to 2 weeks, however, EINs have been a little slow of late – pretty easy to open a bank account from oz to tell the truth and I have a few myself in the company names and my own as well as SMSF…

Cheers Ivan

Hi there,

I would not invest in Warrnambol – but would happily live there :)

Have a few clients who purchased high return ‘cabins’ in a caravan park type investment on vendor finance terms, returns are high but time will tell.

My concern with this town and regional vic as a whole is the lack of population growth relative to Melbourne based on…[Read more]

Hi there,

Do you have a Specialist SMSF Adviser/ Lawyer? if not you should.

The date the Bare Trust is established will depend on which state you are in. For instance in QLD the bare Trust must be established pre-contract date. Given you are sending for stamping I assume you are already settled in which case the Bare Trust should have been…[Read more]

Hi Udesha – cost per week is a trick marketing tool and something that the regulators (if any) will start cracking down on. There is a thread – try a search too for Yale https://www.propertyinvesting.com/topic/4995222-new-investors-yale-property-solutions/

I wouldnt invest in Cragieburn and neither would my clients, but thats me.

Cheers, Ivan

Hi Ben – got to agree – Santander is a big NO

Terry no hard feelings mate – i’ll always talk to you – you’ll hear from me again.