RD,
Search the Internet property sites.
http://www.property.com.au
http://www.domain.com.au
http://www.realestate.com.au

Understand the market (its pulse), talk to real estate agents

Understand what you can afford to spend, see a mortgage broker.

Understand the best investment structure for you eg individual or trust etc, see an accountant

Keep Saturday’s and…[Read more]

wayneL,

I’ll see your ‘unacceptably high proportion of government spending I consider to be electoral bribery’ and raise you, ‘all government spending for what ever reason has a political driver’ behind it.

Thats’s why goevrnents find it hard to give back benefits without some corresponding quid pro quo.

James

I am assuming you are paying PAYG tax through your employer.

The ‘loss’ on your IP allows you to claim a reduction in your assesable income. Through your accountant or yourself individually you can vary the income tax that you pay per pay period through a claim with the ATO.

Instead of claiming it back at the end of the year, the reduction in…[Read more]

Check out http://www.propertytalk.co.nz as well.

James

Maybe a business opportunity Shushar!!

James

Do a search on this site under trusts and also http://www.somersoft.com.au also has good information as well.

‘Trust Magic’ is an excellent resource ($99). I have recently purchased it and suits someone just in the process of commencing their trust knowledge. Can only be bought directly through Gatherum Goss & Associates (their accountants in…[Read more]

Anne,

Agree wholehartedly with MortgageHunter. That still allows you access to your funds if you need them for an emergency or indeed another IP purchase (if an opportunity presents itself)

James

Danw,

Comparable sales, for similar properties to yours. Try to get addresses and actual price. (Digital photos if possible)

Look at current sales in your area and go through OFI, take some photos and record either auction result or PS.

Try and make those references which are higher than yours. eg if your PPOR is worth ~ $500k, try and get…[Read more]

If you are owed money, then there is no issue. Happened to me two years ago.

They only get peaved when you owe money.

You can simply get an old tax return (cross out the year on top of the page with the correct year) and submit.

James

How long are they valid for usually?? Thanks MH

James

PurpleKiss,
Are these CF+?

James

I am assuming (given car park is on title), that it is strata title. (preferable to stratum or company share)

James

Interesting tactic to come out and say that there will be some tax increases (inevitable). In ‘Yes Minister’ speak, this is a courageous move.

James

Yeah baby!! Me three

James

It is probably better to focus on ‘real interest rates’ ie nominal rates minus inflation.

If we head into an economic slowdown, inflation usually reduces, and if interest rates even hold, then effectively, the real interest rate increases.

Historically, the lower the inflation rate, the lower the rate of increase in asset prices (eg…[Read more]

My understanding is that it is 40 years from the date of first settlement / date of construction. Therefore, effectively it would be 30 years.

James

I would like to see where and how they intend to recoup whatever it is they give back?? What they taketh with one, the other taketh away (irrespective of what political persuasion).

James

Gerry,
Make sure you speak and see the rental lists of agents leasing out various inner city apartments. Go there as if you are a tenant and see what they have available. This will give you an indication of supply.

If you really, really want to purchase an ICA, I would suggest you get a sworn valuation before you make an offer.

I think it is…[Read more]

Michael1,
There are also loc doc lenders who might be approporiate in the broad circumstance you mentioned. (If your LVR is ‘well under 80%’)

James

In another life, many years ago I was a PM and visted the Tribunal on a handful of occassions.

It is fair to say that they pro-tenants. Even when the PM & owners have done the right thing and bent over backwards. Not sure if that has changed – that was about 10 years ago.

Were they provided with the correct notices?
Good luck and let us know…[Read more]