Establish what comparables prices are being achieved for similar properties – both purchsse price and rentals. With that information and based on your finances and what you can afford to pay, it doesn’t matter what the agent says.

If you decide that (before costs) you will pay $90k for example, don’t concern yourself about the bluff game that…[Read more]

Classic!!

James

HHH (any relation to the wrestler!!)

I am of the opinion that you may not be able to get IO on a PPOR. (Not 100% on that one though!)

All income (wages, rental etc) are placed into the offset reducing interest on PPOR. I then redraw funds for living and business expenses as needed. The interest on the PPOR is then payable on the new high figure…[Read more]

Going to find out a bit more about Docklands. Going down there and talk to rental managers & new project sellers. Not to buy, more to clarify conflicting information in the media and background information.

A few OFI as well (in Sth Melbourne) to compare values and comparables to my IP there.

James

Mini,
I agree (not surprisingly). Whilst there will be cyclical influences like the rest of the country, the population movements alone will drive land values upwards moreso than any other area.

From 1975-2000, the GC population has increased by 279%. Similar predictions are there for the next 25. Admittedly this is much longer term in focus,…[Read more]

I feel very special being in this Platinum post… Maybe, one day…dare to dream…[tongue]

James

As an observor/reader to that post, I do agree with you Pisces. However, I guess that is a by product of passionate people.

James

brgorrie,

There is http://www.domain.com.au I use this and realestate.com.au. Ultimately its a personal preference, but r/e.com has I believe the biggest range of properties.

James

Dereksam,

1. Don’t get too focused on interest rates for investment properties. Find out through a mortgage broker who will lend you the most…Ultimately that is more important when investing (in my opinion). Interest rates are tax deductible.

2.Your parents equity doesn’t necessarily mean that they have to go on title. They could gift the…[Read more]

et003,
I’ll answer the questions that I can.

What are your reasons for joining an investment club?
Sourcing properties, knowledge/education. Different clubs will have different objectives and purposes for their existence. I have recently joined one which is still in its infancy. Still feeling our way through. It would need top be clearly…[Read more]

holdencommodore,

The aim of +ve investing is as far as I can understand is to get access to passive income immediately. Cyclical factors will affect most properties, there is no discrimination as to +ve or -ve. If return on any asset is yield plus capital growth, then merely a higher yield is only half the story. Higher yield also means higher…[Read more]

Andrew,

Advertising
Bank Fees
Body corporate fees
interest on borrowings
depreciation
insurance
property management expenses
legal expenses

You can claim body corporate (just not any sinking fund contributions). Council and water rates are also claimable.

James

Nathan210,
Building new residences is not a straightforward project. Make sure you get plenty of information from builders, town planners, legal advice and a good mortgage broker.

I think the idea, if succesfully implemented, is great.Funding and the extent of what you might be able to get from a financial institution, will also be dictated by…[Read more]

Redlilia,
Not sure what the demand for storage would be in Townsville.
Is it is a building designed specifically for storage?
How many in the building?

The market for storage units is much smaller than for a residential property, which doesn’t necessarily mean its a bad investment choice.

I would have thought the need for storage in Townsville…[Read more]

I think property investing is a combination of art and science.

Nice to have hard figures but there needs to be context to the actual numbers.

James

I have invested on Gold Coast recently and have noticed, prices are still increasing, with buoyant demand.

Different to Melbourne, where I currently live. Still think there are good opportunities there, even in this slowing market. You just need to be a little smarter to source them.

James

Jesse,
A sinking fund is an amount of money raised by the body corporate designed specifically to undertake capital improvement(s) to the building.

Things like maintenance of common areas (carpets, painting), landscape gardening, structural work on building, external electrical work etc.

It is prudent that most body corporates have an amount in…[Read more]

Russ,
The bank may technically own them, but you get the capital gain…Which is what you are ultimately after!!

James

Like most residential leases (I am assuming your property is in SA), they can be broken quite easily at least from my knowledge in Victoria and the Tribunal here.

For example, you may want to leave after 14 months. Whilst as long as you give notice, the Tribunal won’t enter a judgement against you for the remaining 10 months. Unlike a…[Read more]

I am not aware of any specific time requirements.

However, I would suggest to prove that you lived there, then things like phone bill, electricity/gas bill would have been established under your name for that property address. (Electoral roll too)

James