Thanks that's a great idea. We might try that.

Thanks K.I had heard of that ruling too. I'm going to give him a few more days to contact me as he did finish off saying he would be in touch. So he gets the benefit of the doubt now. Then if we still haven't heard anything we had decided to contact the owners direct via a letter to let them know we had presented an offer but they may not have…[Read more]

I think that all the expenses my partner paid out were actually more than the capital gains, so therefore a loss was incurred and he doesn't have to pay any tax.I don't believe we are applying the loss to his normal income (so he doesn't get a refund) – it may be carried forward to any future capital gains???

Thanks for the replies.We met with our Accountant and we've been told all related expenses come off the profit, including interest repayments on the loan.Great news as it means these expenses cancel out the profit & therefore we no tax is due

Hi TerryIt's an actual bank. I did a few sums using the Reserve Banks Cash Rate (both when I took out the loan & todays rate) and I came pretty close to their payout figure, so I'm happy it's been calculated correctly. I just wanted to double check their workings for my own piece of mind.Thanks for everyone's input on this. It was definately an…[Read more]

Hi RichardThanks for the idea. I was speaking to my bank this morning to payout on a car loan (as my partner and I are buying a home and want to be debt free when we buy it). The payout figure I got this month has actually increased since I got the payout figure a few months ago. I queried this and was informed how the payout is based on Wholesale…[Read more]

Thanks for all your comments. It all makes sense. I was just hoping to be able to use 'Cash Offer' so I could negotiate a bit better.

HiI drive a Holden Captiva LX SUV – bought it on a whim when they were first released and I was younger. I love it but I'm trying to sell it now as my partner and I are buying a home together. I figure it's better to spend the money I would normally spend on car repayments on an asset that goes up in value rather than down. And since it only get…[Read more]

Thanks for that. Unfortunately they agent only took a $500 deposit. We have found out that our agent faxed over to the other agent (before they signed the contract) all the land plans & titles etc because he vendor had asked for dimensions of block. The block dimensions are shown by the envelope size is hard to read (as they're all faxed copies).…[Read more]

Hello

Not sure why you can’t find a lender for commercial property. Have you approached a broker to find you a deal?

I live in Perth & have recently bought a commercial property. A broker put together the deal for us. If you would like their contact details let me know. They may be able to…[Read more]

Hello All

I’m pretty new to all this investing thing – but I will agree that I do think Perth has gone a little mad with the prices of houses and land.

I have seen some great deals though & there are still homes for sale under $250k. One was even under $200k. They are few & far between – but they do exist.

So happy…[Read more]

Hi Eric

No it hasn’t started. It’s just something I’ve been looking into. I’ve been looking in the Midland area. And before I bite the bullet I wanted to get as much info & research done as possible.

Cheers!
Rellie

Hi All

Just a thought – but have you thought about tilt up’s? Might pay to look into.

Cheers.
Rellie!

Hi

I know where you’re coming from. I’ve just started my own super fund with my family. I know the super can’t lend money to us because it needs to be at arms length.

I was possibly thinking of setting up a trust account which the super would give money to, to invest in some property (and I would also contribute money to the trust acc to fund…[Read more]

Hi Techhouse

I thinks it’s awesome you’re thinking abut property at your age.

Rather than tell you what the best optionis I can tell you what I did. I made the decision to not go to uni striaght from highschool but rather work fulltime for a few years first. I bought my first house at 20. One parent said go for it, the other said they didn’t…[Read more]

Hi Bonnie

I’m selling my house privately at the moment. I chose to go through Anreps http://www.anreps.com.au. I bought the economy package off them that gives you signage, web listing, all the paperwork needed & a file on how to sell a house privately. It’s worth a look.

Cheers
Rellie

Hi Solomon

I agree with Neo25x5 start off with something small, that doesn’t break the budget. When I bought my first place I looked at places close to amenities (transport, schools, shops etc) for re-sale value. I bought a unit 5kms from the city – it may have been small & a little old but I knew it would make money (it doubled in 12…[Read more]

Hello All

This is my first time on hear & I’ve found it interesting to read what people’s thoughts are on Perth’s real estate.

I’m just starting to invest in Perth property market and agree with people on Rockingham being the way to go. I’m building a house down there on one of the new estates. I decided to go for capital growth instead of cash…[Read more]