Forum Replies Created
Julian,
ABS population statistics – some are free on the web, others you need to purchase.James
Ezy,
Check out the February/March edition of the Australian Property Investor Magazine, there is a great article on tenants in common, with the range of all the relevant issues that would stem from purchasing in this manner.James
That was more directed to teabagted.
James
On population trends – Tasmania has the largest outlflow of population of all states.
Some of the previous industries (woodchipping is an example) have all gone. Would be wary.
James
Not 100% on the latest laws (should be though), but i am sure you need to give them a reason. ie occupying property as your residence, renovations etc
James
Being able to negotiate a price which might be $20k-30k, or whatever the figure is, below supposed reserve price, is nothing more than what happens every day in every market. Even in a boom period.
There is a difference between falling prices / slowing growth (still increasing mind you) and purchasing price below vendors asking price.
James
March 26 – Collingwood v Richmond at the MCG.
21 days, 5 hours and 45 minutes…but who’s counting
James
Collingwood
JamesAS much as actual interest rises affect behaviour, so do expectations of interest rate increases also bring with it, self-fulfilling bahviour.
That is, if interest rates are expected to increase, this will have some dampening effect on prospective purchasers decisions.
Whilst the two quarter percent increases has had an ffect, so to has the ongoing discussion of future increases as well.
Pisces, so while the media’s attention to the ‘iminent property disaster’ has been usually short on information and driven more by emotion, there is a silver-lining to all this. The need for future interest rises are avoided….due to the fact that most people’s decisions (this forum is an exception to this rule!) are based on some form of emotion/psychology.
James
Just reviving this from the dead…before I ultimately administer last rites….
Any information/experience regarding if it is possible to somehow claim current rental as ‘trust expense’ and therefore, tax deductible….
James
Pisces,
Wouldn’t the tenant in that circumstance go on a monthly tenancy?To get her out, wouldn’t she need to be served a notcie to vacate for xxx reason?
James
Rachel77,
In the process of doing some reserach on NZ myself and pleasantly surprised with some of the opportunities being presented.
The website that muppet refers to is a good one as well. You will see plenty of questions from Australians doing the same thing.
James
Just_starting,
Yo can do all the relevant due diligence via the net, phone, fax and e-mail. So I agree with the other comments.Unlike purchasing a home, where you are looking at non-financial criteria as well and therefore would probably want to view the porperty a few times. IP investment criteria are more objective, which lends itself to site unseen purchases.
Currently looking at various areas, which are all off the web. Maybe in a month or two I will be ready to purchase. Would be happy to do so, if all checks out.
James
Its fair to say that Qld property market is very different to the rest of the country’s (WA’s is pretty solid as well)
I don’t think the QLD prop. mkt is sufficiently large enough to make a significant influence on the RBA’s future decisions.
I just hope the QLD renaissance continues for a little while longer.
James
Lisa,
I pay interest only for all investment loans. Reduces outgoings, frees up more funds to invest in other IP’s.
I negative gear all properties and their choice has been primarily for solid long-term capital growth.That will in turn create the equity.I guess I am in the early phases of my ‘IP career’ and am trying to build my protfolio, so interest only allows me to build savings to purchase next one and so on.
However, if you are purchasing +ve IP’s, then I think (not that I am an expert in this area), you would pay off P&I, becasue all other things being equal, you probably won’t get the same level of capital growth. Therfore to increase equity you would need to pay off principal as well.
James
The distribution of the GST (ie the formula) was devised by the states, so they can’tr complain now. If they are, its just politics.
James
Just an update, Richard you were correct. There is a double stanp durty issue here (even with and/or nominees). It needs to be nominated and agreed to by the vendor before the contract is signed.
However, we will go to unconditional approval from my bank, then get approval from current vendors(concurrently actually), to cancel existing agreement and then re-sign with the Trust name. Only need vendors OK now.
There are lessons learnt in everything you do.
James
Richard,
Not familiar with a nomination form. That is what exactly?James
Leo,
For me, my long term strategy, is to be buying 2-3 properties per year. I don’t intend to have a PPOR and will continue to rent in the ensuing years. It is an aggressive property acquisition strategy for medium to long term.In my scenario, I will have to 27/1/2010 to determine whether I sell my old PPOR (and as long as I have not claimed another PPOR), then I can sell it CGT free.
James
Boysie,
Depends on your many things, however LVR is a big factor. Speaking personally, I will have three investment loans soon, and they will all be with different lenders, because two of them are 90% LVR. The likelihood of having 2 90% LVR with one lender is relatively remote. So spreading the loans across multiple banks was the appropriate course for me.Your situation will be different, so the path that a mortgage broker will advise you will be different too.
James
