Sebastian,

I can only confirm for Victoria and Queensland

For Vic, you can sign up as Name and/or nominees, and then you have 28 days prior to settlement to confirm the exact name on the contract.

In Qld, I was in a similar situation re trust. Signed contract in my name and/or nominees but I could only proceed with the contract in my name,…[Read more]

Mel,
Interesting idea re other avenues of increased cashflow.
Have you pursued the 2nd mortgage/mezzanine funding option to increase cashflow?
How do financiers view this income?
Do they accept 100% of the income for the purposes of serviceability?

James

Are serviceability levels for those lenders who offer low or no-doc loans different to standard loans??

James

Thanks Del & Terry

James

Ian,

Yes, you can claim all the relevant deductions, even if you plan to move in later down the track for the period of the property being an IP. ie interest, rates, depreciation etc.

You would however not be eligible for reduced home owners stamp duty concession in QLD. Not sure if you already own a property currently, and therefore eligible…[Read more]

Rob,

Is this a good-bye e-mail? I have enjoyed and learmt from your contributions to the forum. Is there something that I have missed??

James

I guess I am in the relatively early stages of my property investing career, so I am trying to establish a significant enough portfolio to provide me with options in the future.

Not being married, I see the next five years, as fundamental to buidling on the portfolio already started a few years ago. So whilst I would hope that there is ability…[Read more]

Westan/ Hux001,

Nice work for charity, but the reason there were no Collingwood supporters wanting them is that most of us are members and have our reserved seats. Whether 16th or 1st, we are always there.

BTW, good result too. [exhappy]

James

Ez-rent,

Yes, the interest on the borrowed funds are deductible. I have recently invested in olives and done the same thing. In fact the amount borrowed for this was $47k, P&I taken over 7 years.

With the olives, the cashflows for the investment, included a $26k claimable loss in the first year (not including the interest component of the…[Read more]

Personally, I would concentrate my efforts/rewards to the property manager. Minimising issues with the tenant throughout the life of the lease and minimising vanacy times, when they move out I think are keys to maximising your return.

Whilst a gift eg movie tickets may make a nice gesture, I am not sure how relevant it would be to tenants when…[Read more]

Katsilidis (Nonder or Fender) are known designers who have undertaken many big residential apartment blocks (Docklands, CBD, Port Melbourne & St Kilda) The agents will probably use that to market these apartments, as you have already referred to. You will notice marketing of recent say 0-4yr old apartments, where they specifically mention these…[Read more]

Markgil,

Haven’t seen the specific apartments your mentioning, however, am quite close to prices as an owner of some new & close to new apartments in inner Melb.

High 300’s is what a lot of new 2 + 2 apt’s are selling for now. No big discount there. How big (in sq mt) is the apartment? Car parks? Who designed them? You would find rent ~$350…[Read more]

Luke,

A pergola would be deemed as an improvement, so it is claimable only to the extent that depreciation laws allow. The full cost I would suspect is in excess of the low-pool value threshold (although I may be mistaken), so would not be fully deductible in the current financial year.

James

Expectations and more specifcially future expectations are powerful influences on household and business actions.

So whilst tax cuts, global economic conditions will influence us, the expectation of future interest rate rises, have I believe an even greater effect on behaviour. If people think interest rates rises are inevitable, decisions to…[Read more]

So how is the cellar going 1HotValuer?[biggrin]

James

Ausprop,

Some information/data on east coast property prices from APM

http://afr.com/articles/2004/05/26/1085461821861.html

James

Adam,

I have one being done for me now on the Gold Coast for $300 + GST. Firm is Napier Blakeley.

James

Further information for some context to the purchase.

The development is in Northcote (nth of melbourne about 7kms from CBD). Just near the old town hall for those people who know the area. It is an a development of five (5). There are all 2 br apartments. I purchased directly off the builder who needed to sell one before commencing…[Read more]

Jaffasoft,

In the middle of a double mastesr degree and I have found for myself that the best way to get work done is to head out to the uni library. Give yourself an afternoon (3-4 hours or more) with definite goals you want to achieve by the end. Whether that being getting additional refernces, note taking off a reference, borrow books or…[Read more]

I think some might even challenge the sober!

James