Back to the Future….again (its same IR policy for the last three elections for the ALP). They’re consistent that’s for sure

james

BlackJack,

At least in Victoria, bonds are required to be held in trust. Please refer below.

http://notes.nt.gov.au/dcm/legislat/legislat.nsf/d989974724db65b1482561cf0017cbd2/f2d2df3d0802d2d969256e5900818c47?OpenDocument&Highlight=0,bonds

Specifically 29. Bonds – where it syas the landlord is to hold the security deposit in trust for the…[Read more]

My word – I will say a few prayers to the property Gods for you.

As for the management agreement with the agents, and I am not sure if this is different in each state, but there should be no penalty to break away from your agreement..maybe a period of notice, but sometimes that is not even outlined in the Property management agreement.…[Read more]

Alas, I was confused…..I was mixing up the roles.

Thanks for your responses and clearing this up. (in a twisted way in my mind I was correct….really!!)

James

You say tomato and I tomato….Seriously, I don’t think there is a right or wronf here.

Personally, I am looking to expand my portfolio and have decided to pay interest only. I am comfortable with assuming increasing amounts of debt. Others however, psychologically, like to know they are paying it down.

Admittedly, in the first few years, a…[Read more]

This could be the start of something beautiful….

[wink]

James

Tenants in common are a lot more common method of purchasing in UK for that very reason. In years to come, it may become an increasing trend here.

On the issue of UK prices, I was throwing out some old magazines yesterday, and one which a friend had brought me back from his visit to the UK in 2001, had an add for apartments in London. I forget…[Read more]

Tell me, how does one achieve financial freedom on $1646 profit per year and the probability of a very small or negligable capital return. Even a 10% increase on $25000 is only $2500.

James

You can pay for information at HomePrice Guide (www.realestate.com.au) for information at each specific post code.

James

FYI,
Loaction in Vic is;
Level 6, CU Tower, 485 Latrobe St Melbourne

James

Mizui5,

Just think of it as forced saving…You can still access your money through a LOC when you are ready!!!

James

Gunner10,

This should answer all your questions.

http://www.firsthome.gov.au/

James

Lee,

http://www.abs.gov.au has stats which you can use…Some however, you will need to purchase.

James

Geo,
I think you might be wise to consider a unit trust for partnership purposes. Makes it easier to manage people entering and leaving the partnership.

Do a search on this forum and http://www.somersoft.com and you will get some good information.

James

George,
Was interest rates your key criteria for going with CBA??

James

Purchasing +ve CF property in small twon with limited capital growth, static population growth, and no job growth is BAD

Yield is only one part of the return equation. (Greater the return, the greater the risk as well)

Historically, if you look at property prices, their returns are around 2-3% above inflation anyway (similar to shares). If you…[Read more]

Holly,
Credibility (or perceived credibility)with agents that you are dealing with is paramount.

I would suggest speaking to a mortgage broker first, understanding what you can and can’t do. Maybe even pre-approval…It gives you more bargaining power (I believe) with agents.

Not sure whther you might be at this stage yet, but worthwhile…[Read more]

Whilst agents technically represent their sellers. At the end of the day in terms of commission – a few extra thousand dollars on the price will not be significant in terns of extra commission. An agent will help you the buyer (as much as the seller) if they can see you are serious and want to buy.

The agent will prefer the certainty of a sale…[Read more]

I think I met that girl on Santorini in ’94.
Sweet![biggrin]

Who assigns the title of gurus to some of these people. Not me.

The reality is that the majority of people don’t want to spend the time and the effort as serious investors and like to ‘outsource’ some of this effort to supposed experts. (Not saying that all are charletons).

For those who know better, educate themselves with differing opinions…[Read more]