Hi realdeal,
Yes there other forums besides internet ads. Choose a district or neighbourhood and ;
1) Educate, research, educate and reseach some more
2) Pound the pathways i.e talk to the locals
3) Property inspections (and plenty of ’em )
4) Employ due diligence
Opportunity is out in the real world in abundance if we care to seek.

Regards
sykesbuild

‘Think and grow rich’
Napoleon Hill

As I see it, history generally repeats and Australia generally follows American trends. The U.S abolished negitive gearing in a massive tax law reform in 1986 and the result was an unprecedented property market crash. However, we/I, as investors must be willing to prepare for any market movement beit up, down, sideways, boom or gloom.
In 1986 in the U.S, the astute property investors were right amongst the mayhem and panic with strategies firmly in place and preparing to turn a profit.
There were some consulation in the 86′ tax reform act whereby homeowners could claim deductions on mortgage interest. However, what the Labor Government has in mind with any tax reform is anyones guess including the Labor Government.

Regards

sykesbuild

‘Think and grow rich’
‘Napoloen Hill’

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A couple of quickies.

I live in QLD, say I buy land costing $100,000, is land tax a one off payment or annual?

On GST, say I rent out a property for $200 and then pay an agent 8% to manage it, do I then have to lose another 10% GST?

Cheers

Andy

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