As posted earlier, make sure you read into land tax and remember it is different in every state. Another thing is don’t fall into the trap of “negative gearing otherwise i’ll pay more tax”. The way i look at the positive gearing sernario is if your not making money you are loosing money. You would be better off making a little more money and…[Read more]

Well said JP. I agree entirely, however myself I am basically just sitting back watching the market, and concentrating on paying down any unnecessary debts right now as although i believe we never really came out the other side of GFC 1, i think things are about to get a hell of a lot worse before they get any better. So paying off as much debt…[Read more]

I used to live in a town near there….  It's a popular destination for holiday makers as well as people who live there.  So you could use it personally for a holiday home, or use it as a furnished rental for holiday makers.  I could see potential for growth down there.  They have been trying to build that place up for quite a few years now, i&#…[Read more]

I too am interested in how this equity thing really works…  I'm in the market to pickup another property in the next 12months and ive started looking and getting all my numbers and things sorted already.  I have also just refinanced my first IP and now have an offset account.  Does the offset account come into play with the equity or is it li…[Read more]

And to add australia has one of the lowest levels of carbon emissions compared to the rest of the world. But we are one of the first to vote it through?? IMO if the cost of building materials goes up, it will be harder for people to afford to build hence making australias housing shortage even worse…. Government either has some information…[Read more]

Goto the newsagents and buy this months issue of Austrlian Property Investor mag…. They have their “Top 100” spots and has a write up on what areas to look for and what to buy in each town/suburb. P.s. Go for Roma, i stay out there for work as I’m in the oil and gas industry and there is a massive accommodation shortage. Just make sure you…[Read more]

Jamie M wrote:

Dreaming Big wrote:
Thanks for all your comments. I really do appreciate it!Jamie, we do plan on turning our PPOR into an IP eventually and we also plan to be very active in the propery investing area and not just buy one or two but more like ten or twenty (depending on how many we need to get where we want to be). I understand…[Read more]

Thanks Jamie,
I have spent the last few months working on paying off credit cards and apart from that my only loan is for my car. My IP was my residence but i have since moved interstate and am now using it as a rental (this was my plan all the long). But from now on I’m renting so i am not restricted when it comes to my buying capacity. First…[Read more]

Aaaah fantastic. Thanks Jamie. I’ve been wondering what that was called. My current investment property is not far off being positively geared so i wanted to look into what that was called as i want to set this up for when it is finally making me some cash. I assume if i refinance (i want to do this regardless) this is something i can do…[Read more]

Excuse me being a little naive but I’m new to all this stuff. By offset, do you mean pay the interest only loan and also have an offset of “$$” that are left over from your rental income which would chip away at the loan?

Thanks in advance.

Coal bed Methane work is starting to really take off again.  New drilling rigs are coming in, there are supposed to be quite a few coming into the Surat/Bowen basin area.  These rigs are normally crewed from places like Roma/Chinchilla, Toowoomba and surrounding areas.  Not sure if anyone on here is really interested in that side of the work be…[Read more]

Thanks for the advice… I joined the forum hoping to learn more, i thought that i could learn a lot through trolling through here.  Thanks for the heads up on the courses.  I was under the oppinion that most of these courses were based on seminars.  If they are a waste of time are the seminars even worth looking at?