Hi Kevin,
Thanks for the reply, I happen to be talking to Isa Council that afternoon of auction and one of the staff told me in a conversation, so it was fresh news.
WOW 5 year leases is amazing, I have approval to build a 2 bed duplex in Isa at the moment in West st, currently subdividing the block before I make a decision on building or selling…[Read more]

I am a great believer in taking a profit, especially if you have returns as you stated. Everytime i have sold, the person has payed way too much for property and they would show a negitive return if they had to sell today. I am no expert in predicting the top of the cycle, Perth second most expensive city for housing is amazing, everything is…[Read more]

Hi Kevin,
Hows that for a small world, thanks for clarifying the number of blocks, hope you have some tradesman up your sleeve, as getting anything done in Isa for a fair price is a problem i am finding.
Have 3 IP in Isa myself and having one subdivided at the moment for duplex that has been approved.
Would love to hear your past experience in WA…[Read more]

Hi Xenia,
You may want to check your web site for spelling mistakes before paying for it, investors on your “Our Company ” page is not spelt right. I enjoyed reading your history of investing, well done and good luck with your business.

Don

djr

Hi Gerry,
I think you may be better starting this topic in the overseas deals, looks like you are from overseas?
Don

djr

Hi Tara,
ATO has had a ruling on investing in tree farms, all I know is it is 100% tax deductable. We have invested in Great Southern in Western Australia, I believe others are around and the next time I will go for olive farm to diversify. You can contact Great Southern in Perth for the nearest financial advicer in your area.

Don

djr

Hi,
Give Mount Isa a look at, billions of projects in the pipeline and shortage of rental properties, has gone up approx 30% in the last year and no signs of slowing for years. Have properties in Isa and get local daily paper delivered to Brisbane, plus talk to locals. Still some properties with good yield if you look.

Don

djr

Hi,
I would be sniffing for any putrid smells, which explain where the owner is.
No seriously, I would check the council for rate notice and if they are being paid, someone must be collecting mail, try the local post office for clues.

Don

djr

Hi Dom,
Pm sent.
Don

djr

Hi Dom,
Arranging sale of 2 properties after subdivision for $655K to tenants in the next couple of months, hoping to move onto duplex project in Isa after that which has been approved on another property we have. How is your project going in Isa? First house has started in the new estate.
Don

djr

Hi Dom,
Have to agree its going gang busters, I get the local paper delivered to Brisbane so as to keep up to date with local news. So much is happening in the area, I can’t see it slowing down for a long time. I had one of our properties valued last month we bought a year ago for $400k , valuation from bank $600k, rents are rising also.
Don

djr

Hi,
My wife and I have different strategy, at the moment have 4 investment properties and we buy to develop more equity.
Once I have subdivided or built, I sell. Most of the time I use banks money against our home, we like to keep our profits as a safety net. I think the first property we bought we had a conbined income of $40,000 and our out of…[Read more]

Give Chris Costanzo a call at MTA at Mount Gravatt 33492066, I have used him for over 15 years and he is a good friend of mine. Has over 14000 clients and is a very busy this time of year, you would have to book a time with him at the moment, he has other accountants working for him, but I would wait to see him. He is a property investor himself.

Don

djr

Hi,
We have our own super fund and it has not held us back from investing in property, you can go partners with your super fund to buy property or if you have enough super, buy a property outright. You cannot borrow with your super fund and all super funds are checked by accountant yearly to make sure you are complying with rules. We have used our…[Read more]

Hi,
I would approach the media about this and try and flush the low life’s out, I have to ask , did you sign the bridging loan contract? Obviously you were not made aware of the interest rate, I would also be seeking legal advice. All I can say is don’t give up fighting.
Don

djr

Hi Bruham,
Just made an offer on another property in Isa, should know today, did read that article myself, their is so much going on in Isa, can’t see any downside. We had one of our properties in Isa valued last month which we bought 8 months ago for $165,000, bank valuation $210,000. Vacancy rates are nil.
Don

djr

Hi Markk,
I was looking at Zeehan myself, due to the fact a nickle mine just got the go ahead last week, 200 jobs will be created and 8-10 year life of mine, never got past looking, I have 7 properties now, just bought one last week and the other half is telling me to calm down. I have not done any DD on the how many rentals are available, 700…[Read more]

Hi Salacious,
Some info for yourself and anyone else thinking of buying in Mount Isa, a 3 bedroom house in good condition is now renting for $280.00 – $300.00 a week, I know this because I keep in contact with my property manager.
Mount Isa City Council just sold first stage of housing block development $50,000-$90,000 each, i believe in one day,…[Read more]

Hi Salacious,
Some info for yourself and anyone else thinking of buying in Mount Isa, a 3 bedroom house in good condition is now renting for $280.00 – $300.00 a week, I know this because I keep in contact with my property manager.
Mount Isa City Council just sold first stage of housing block development $50,000-$90,000 each, i believe in one day,…[Read more]

Hi KP,
Your a lot ahead of me in that I have’nt done anything because of waiting for approval in my DA with town planner and council, yours is a straight out building application for the building section. I did have some prices on transportable homes from a company in northern NSW that were very competative and from memory was around $9000.00…[Read more]