Its a blip on the downward slide, the fundamentals just aren’t right

Strong economy, still low interest rates, record low unemployment, tax cuts again in July. Sure the boom is over and there will be some pullback, but I wouldn’t have thought these factors are pointers to a downward slide.

James

Not sure what others think, but if you were to be paying for example, 75% of the costs of the property, why don’t you purchase as tenants in common.

Therefore your legal share of the property will be reflective of your contributions. Just a thought.

James

I wouldn’t necessarily say that townhouses are an inferior property type to houses. It will depend on location, demographics, and supply and demand.

Understand what you can afford, look at a few areas & select the right property.

Residex property reports can provide you with some insight about future capital growth suburbs. I have recently…[Read more]

PP,

Well, its hard to say what you should do in january 2007. Things will undoubtedly change in 2 years.

However, if I was in the position you mentioned today, I would be purchasing a property to re-develop (2-3 site development). But of course, I have been investing for a little while and have eventually come to this point. So it depends on…[Read more]

Nick,

Taxable Income FY1 (financial year 1)
10,000 – 15,000 = -5,000
The $5,000 loss will be carried forward to FY2 as losses to offset against other taxable income.

Not sure if there is any difference for uni fees though

James

Hissho,

1. Google, its fantastic, for example
http://www.google.com.au/search?hl=en&q=strata+title&meta=cr%3DcountryAU

2. Don’t pay a voluntary tax to Mr Carr. Don’t sell

Settle on a property in May and am busily researching market (Melb) to locate property for re-development probably in mid to late this year.

Depending on the feedback regarding interest free loans, would most likely re-finance one of my existing properties.

Look at renovating another IP (previous PPOR), or at least have the costing and designs…[Read more]

Do a search on Renting Own Home. This has been discussed many times and I am sure you will find the information you are looking.

Dan

Peter combden’s web-site has some useful information, one which is a development checklist that they will send you (no cost).

http://www.smartpropertydevelopment.com.au

James

Investron, you are right. I often type faster than I think[blush2] $10k-$12k per sqaure is what I should have said.

One more thing I just thought of, and I not sure what the legislation is in SA, but there is scope in other states’ residential tenancies act where the relevant State Tribunal has the poiwer to terminate the agreement if you can show hardship. Not sure the exact mechanics of this however.

James

Alexei,

Given that you have an agreement, there is little you can do, as the tenants have a right to occupy the premises unless they breach any of their obligations. And as you mentioned this is not the case.

You could get your agent to assist them in finding a new premises in the area and agree to cover their costs to do so. You might even…[Read more]

Dan,

I think it’s 1 square = 9.6 sqm.

James

Had a similar, yet very brief conversation with a friend, whose family is in the building game, and mentioned $10k-$12k per sq mt. (This is building costs only though!)

Waysolid,

You have reminded me about my ex-girlfriend.. [ohno]
We frequently discussed (at my prompting) our future finances and the best way to achieve a bit of financial security. Talked about various options, however whenever it was time for us to make the decision, other things got in the way for her…like a sports-convertible car, shoes,…[Read more]

Globe,

Talk to a couple of brokers to understand alternative financing options. Interest only seems like the obvious options.
(Much discussion regarding Interest Free loans elsewhere in this forum…)

Given you have entered into a 12 month lease, there is nothing you can do from that perspective, until the lease expires. Of course any minor…[Read more]

If you agree with the proposition that property at least in this current cycle has completed its growth spurt and in the presence of the sharemarket having shot up approx. 25% last year, do we all do nothing?

Even in a bear market, some companies share value increase and of course, the converse is also true. Telstra’s share price didn’t…[Read more]

This will come down to the wording of the option in the lease agreement.

Under the Qld Land Titles Act, the new purchaser is bound by the original agreement including any options, as long as the agreement is less than 3 years.

The commentary about compensation ie the fact that the tenant could agree to leave early and in return have compensation…[Read more]

The easement should be clearly shown on the title drawings and would be visible, however, I have heard of circumstances where they are not, so I would suspect the missing information is where your solicitors earn their money.

In Victoria at least, it would be included in the vendor’s statement, which includes copy of title, planning information,…[Read more]

Scremin,

I was going to explain it, but this is more complete.

http://www.somersoft.com/forums/showthread.php?t=8945&highlight=easement

James