Find a larger property if you can in Granville.Stay away from Ambervale, its going to stay a low class, dumpy area for the next 30 years. You will get no capital gains and have low class tenants ( read trouble ).

I have posted a comment previously regards this.

The legislation just says you need to have them and check them within first month of tenant taking up rental property. After that it is the tenants responsibility to replace battery and clean, don't believe all the crap you hear – google fire alarms and read it for yourself.

I do a once a year…[Read more]

I have posted a comment previously regards this.

The legislation just says you need to have them and check them within first month of tenant taking up rental property. After that it is the tenants responsibility to replace battery and clean, don't believe all the crap you hear – google fire alarms and read it for yourself.

I do a once a year…[Read more]

I have posted a comment previously regards this.The legislation just says you need to have them and check them within first month of tenant taking up rental property. After that it is the tenants responsibility to replace battery and clean, don't believe all the crap you hear – google fire alarms and read it for yourself.I do a once a year trip…[Read more]

JETT,          It's not advise, it's only my opinion or guess. I don't tell people that what I say is true or will definitely come true. It's only a forum for peoples opinions, so people can get a feel for what others think.          Everyone can have a different opinion than me and that's fine. No offence taken.

John,         Good Luck at getting $600 /week rent on a $600,000 property.Maybe you should start out a bit smaller.

Johnl,           Can't advise as to where to find stats, but over 10 years so many things can change, I wouldn't go along and buy a house in the biggest gaining suburb over the last 10 years, that is not the way to make money.           I would suggest using your own knowledge of Brisbane , look at what's in store for the future not the past…[Read more]

Maree,            It will probably revert back to $7000, I don't think the government can afford to continue with the $14,000. But, if so will create  a large drop in house prices, especially the low end prices..

daniellee,                  I was reading Steve Keens posts, I think he said a 10% drop this year and next, and is taking inflation etc into account, so he is on the conservative side. I would still expect maybe 40%over two years – allowing for inflation and probably only for higher end properties. FHOG is proping up the low end at the moment, b…[Read more]

Just sit it out for 6 months, the world economy could go a lot worse, it certainly will not suddenly improve to any significant amount. Keep your cash in your offset account, be patient, worse to come.ps Didn't need to pay $50 to hear someone advise his guess, I can guess myself.

seddar,             There is not much detail in your question. Does your sister own any other property? Is this her first property ? What did she pay for it ? How much did she borrow ? Does she have a job and what is her income ? Did she get the FHOG or stamp duty concession ? etc etc etc……..             But, Yes, the idea is to buy property…[Read more]

denormaliser,                         I assume you know that your PPOR doesn't need to be lived in? That is you can do what you said you wished to do. For the first 6 months it would be the owners start up PPOR and you can move out for up to 6 years and it can still be your PPOR as long as you don't claim another place when away?Like wise for the…[Read more]

JimmyJ              Not a fiancial guy. But , maybe with the line of credit, you can take out only what you want and thus pay for what you need, also as duckster says only pay interest when used.              Are the loans same interest rate and do they both offer offset accounts ? Also same costs of running and setup??

dan1114,                 Its a forum, we are here to give our optinions and try to help others. If we are correct then that's great, if we are wrong , then you can tell us about it, hbbehrendoff must be congradulated for making a brave call, he maybe wrong, but that's fine. At least he is giving reasons for his call, he may save people lots of…[Read more]

shel25,             Your friend is a classic case of someone who know something but not a lot.The 6 years is related to moving out of your PPOR and then back in before the 6 years is up to sell it CGT free.You need to pay CGT on your Adelaide property because it is an IP, not your PPOR.But you only need to pay CGT if you sell it and if you make a…[Read more]

Agree with Scott No Mates,                                              It's like say you are currently a clerk and go to university to be a geologist. You can not claim since you are currently a clerk so can claim say maybe an accountancy course, but not a geologist course since you are currently not paying tax as a geologist but a clerk.

stephen051                     As Scott No Mates suggests – it depends on your job or what they are used for. And as god_of_money suggests you would need to depreciate the laptop at the percentage you use it for work.                   Textbooks if used for work or student etc is depreciated in a library pool usually, so over 10 years or so.. The…[Read more]

Badgers,                Sorry you interpreted my response as an insult, maybe I didn't put it correctly.What I meant to say was – your post was a good one and I agree with it to a point, most investment seminars are not for the experienced investor. But some that are very specific probably have some good content and of help to many, probably the g…[Read more]

dome11010,                       11010 isn't that the modem call?Never mind, the land tax is state related. Thus you can buy in different states and it is person related, so you can put the properties in both names ( 50% land tax for each ) or in one name then other and spread the load so to speak.The other thing you can do is buy in trust, read…[Read more]

Badger,              You don't need to tell them anything. You are entitled to a view. But don't take what anyone says to heart, we all sometimes make mistakes or post something that is not correct, and get advised of the correct answer etc.              Your post has a good point and other have their point and leave it at that.