Well worth reading Jon.It has helped me greatly although I do not currently use Chan and Naylor as my accountants.Just google Chan and Naylor and you can order it online.Regards, Ian

Hi Sogni1,Copied this from the other post you doubled up on so you wouldn't miss it. Question is which is the better way to go ? Sub division or strata title. I think you would need to strata. Especially if the property only has one sewer connection and if there is common property. eg shared underground plumbing and electricals and…[Read more]

Hi Set,I put my own laminate down around 5yrs ago and it is holding together really well. No visible signs of wear and tear or fading. I got mine from Ikea and it was really cheap and easy to install. There are potential problems with the boards such as repairing damages. Mine are glued to each other so it would be a pain if I had to replace a…[Read more]

Hi Sogni1,Question is which is the better way to go ? Sub division or strata title.I think you would need to strata. Especially if the property only has one sewer connection and if there is common property. eg shared underground plumbing and electricals and joining walls.The offer: A conditional offer is being proposed. How would that be worded ?…[Read more]

Hold on to it if at all possible Michael. Nelson Bay is a great spot and that 279k reduced price is not healthy for your future prosperity. The growth will come soon to that area. Rent it out and change your loans to interest only. Otherwise if you have to, you can always sell it with a tenant in place. Not many places on the coast returning 5% so…[Read more]

amaljaya wrote:
I managed to acquire over 250K equity in both properties.

I calculate only 230k in equity on your figures Amaljaya? LA has given wise advice. Keep below 80%. If you take your potential portfolio of 1180k and take out loans of 80% then you can have access to 944k. Your current loans of 500k would increase to 860k by borrowing…[Read more]

I am about to do some refinancing and have had two Real Estate agents do written appraisals of my properties. This will be given to the Valuer (whoever it is ) to provide evidence of the estimated market value and may influence them to get closer to the accurate market price. I usually pick the brains of valuers when they assess my property and…[Read more]

I would like to present this interesting article for comment by Ross Gittins | September 5, 2007Happy reading, Ian  I bet you know that the past 15 years or so have seen unprecedented, almost unbelievable, growth in the debts of Australia's households. It's always easy to find figures on how much we owe and the media always give them much…[Read more]

Maybe your friend could try to get the finance from somewhere else if the contract in fact has gone unconditional? That's if they still are keen on the property. Was it through a bank or Mortgage Broker?Regards, Ian   

Hi Tony,I have just completed strata titling my duplex so will try and remember the steps and costs. First you need a surveyor to produce the plans for you so you can submit them to council. To get them through council you will need to satisfy them that the project is completed to final occupancy stage. Once council approves the plans your…[Read more]

Hey Robert,What are you like at pullin out weeds?  Sorry mate Aussie humour.All the best to you,Ian     

Hey Foundation,With all respectIn all your analysis of the stats ( and it seems obvious that you've mastered the art )! , you should have a fair idea of when the depression is going to hit? Can you enlighten us all when you believe this will occur ? Will it be 1yr, 5yrs or maybe 10 or 20? You are unwavering in your beliefs but can you substantiate…[Read more]

The analytical capacity of some peoples mind is truly amazing. I would have them on my maths team any day! If Phil only knew what can of worms he was opening here. Without a crystal ball we all must depend on other peoples advice and opinions. My advice for people like Phil who are contemplating entering the world of property investment would be…[Read more]

maximum wrote:
Hi guys ls there a way to tie up a property that is for sale that l want , for a mth or so while l sort out my finaces ? Once before a realestate just said oh no worries l'll just chuck that one in the draw for a mth or so but this realeastates making a fuss Cheers Max

Goodness! I think that agent belongs in the drawer…[Read more]

Hi Radiant Spark and others,Hmmm . My experience is that I have never formally made a written offer but I can see that there is definitely a place for it especially if you have been asked to do it that way.  I am currently purchasing my 4th property in the past 5 yrs and have always made verbal offers. I would imagine that an experienced agent…[Read more]

Hi Tony,Sounds complicated and risky.I have recently completed a duplex project and am about to build my second. Firstly a good accountant who has experience with property should be able to give you most of your answers and you will need one to do your tax returns anyway. For what it's worth I can give you my tale. I proceeded with the project as…[Read more]

duckster wrote:
  I suspect oil companies have purchased an invention developed in 1979 that converts water to hydrogen with very little electrical power and uses it on demand rather than storing it. It was developed and mentioned in Electronics Australia in 1979.

Many years ago I was driven around in a car that ran on 70% water 30% petrol.…[Read more]

Thanks for your views Scott. I grew up there but moved away after school. Boy has it grown heaps. I did the figures on long term capital growth with my parents home and it was spot on around 10% per yr over a 40 yr period. Definitely keeping close to the beach is the go – always in higher demand. However the Lewis Land Group is currently building…[Read more]