$850 for a yearly subscription to RP Data.

Worth its weight in gold if your purchasing more then one property in a year. OR are developing/renovating

Can link you the web address if you want (Not through RP data direct)

If the site is really that attractive and or you cant afford, cant find people, cannot find investors to come in.

I would buy, get the DA for as many townhouses/houses as possible on the site and then onsell the site.
Perhaps try negotiate a long settlement. maybe 8 months to 1 year.
The key is here if you only have 40K is that You wouldn't be…[Read more]

Experience tells me how much I would need to spend on a home for a renovation. But if you were completly novice. You could write down the external measurements of the building (get off the floor plan) and give that figure. Say 100 sqm minus windows etc to a render and maybe a picture of the house (I would avoid saying
you haven't bought the home…[Read more]

size in sqm is not the be all and end of if a subdivision would be approved by local council. If the merits of the subdivision are strong ie. Private open space is met, set backs, rear set backs then then can be allowances for sqm size.

Know your end sale value. Is this house with a new kitchen, cosmetic fix up, (I would render externally as…[Read more]

I agree with freckle in this market I would not be flipping. Many times I have flipped a home but had it revalued at the end of the renovation. 80% of the time the valuation is higher then the end sales price. I could of keep 4-6 extra houses at a neutral rent (positive after depreciation and tax).
Unless you have a specific goal in mind for…[Read more]

Plus you could have one investor invoice the other, for his management costs. Then you have the advantage that you are a lower risk, your not a renovator, your a professional, project manager. Would only need to get 1 year bas statements/tax return then. 

Get a accountant. Pay for some advice – $300 a hour might seem like a lot but it's invaluable when you get information from the correct person. 

You would have to register for gst only in some circumstances. Most likely if you did a structural renovation, subdivision then yes you would, the threshold is only 75,000 (turnover not profit) which is…[Read more]

1) harder then you think to do successfully. 

What's your current incomes if you keep working ? ALOT of people neglect the fact that there is only 38 hours in a working week and there is almost easily another 40 hours that your can work if you want to put your head down.  

I would actually personally ignore low doc loans. Unless you have…[Read more]

Wouldn't be that worried about it. 
Would only be concerned if it was 10-30mm not 1-3mm
or if it had grown by 1-3mm in a week etc. 

Continue to rent in the area that you wish to live and then buy investment properties in areas that are within your budget and that you can afford.

Buy investment properties that have a upside, Ie renovation, subdividing and developing. Gain some equity

Save longer and more intensely

Go halves in a large home with another person (in your area…[Read more]

Plus I'm going to say it. That you get ALOT of motivation when you are halfway through the year and you have already bought and renovated 4 houses. It changes what you think is possible.

Multiple properties even of low value (using a buy renovate revalue strategy) lets you produce greater on paper equity (IE house bought at 100k, spend 10k, revalued at 140k but could only potentially be sold for say 130-135k). Which lets you leap frog quicker into more expensive quality houses.

"Consider tapping all of your equity today even if you do not plan to use it all in the next purchase."

Only if they are financially aware people. I've seen many people go down this path and end up with a boat and new car… Silly people. But it is a good financial back up for loss of work etc if your not insured or get dismissed or for…[Read more]

No suprise that took forever. The made Many many millions more by having the ridiculous MISA accounts.
Min withdrawals – $500
if you empty the account ie take out to a zero balance it disappeared off your netbank as a account.

so much more interest that cba earnt.

I would be looking at lending at %80  not at any higher as well if your strategy was to buy/renovate/sell for a couple reasons
– at 80 percent you have a greater chance of just getting a desktop valuation over a valuation where the valuer comes into the property. 
– that becomes a problem when you a trying to buy a property that requires work. Ie…[Read more]

What is the aim of the "joint venture "?

You would have to have a bank that allows 2nd mortgages over property.  Some banks ie NAB will only take a mortgage if they are 1st. Others such as CBA can go second mortgage.

Why wouldn't you use the same bank. It is a much easier process. 

And it depends how you go 50:50
jojnt tenancy 
tenants in common 
50;50 shares in a unit or discretionary…[Read more]

Wouldn't say that time is running out for you. You have 20 years plus before the retirement age.
Can get a lot done in that time. Some people make millions in that time period.

You should ask yourself what the purpose of the unit would be.
is it to rent and hold long term?
what the area like?
What is the expected rental
What is the expected…[Read more]

Well it might be under land tax value currently. But in 20
Years time it might be well over taxable value, if the government don't increase the land tax threshold inline at least with inflation 

the 6 year rule means that if you lived in the property for 3 years as you said. Then moved out you would have 6 years Of being able to
claim the PPOR…[Read more]

Hi nicki

Terry is pretty knowledgeable in tax, law, and estate planning. The only reason he cant give you specific advice on your situation is because he doesn't know your situation. The information you gave in your initial post is enough to give general advice. The specified advice you can ask for $200-300 a hour for a qualified person to sit…[Read more]