Recent content by Dexter Jambles

The same rules in the article regarding shares equally apply to the property market. Buy well, long-term outlook, ensure you can maintain it, don't get scared by fluctuations.

Hi red, Nothing seems illegal from what you've described. Tax schemes are financial arrangements where the primary intention is to minimise any tax that would otherwise be owing (e.g. moving funds to off-shore tax havens). Deferring income to another accounting period is not avoiding tax...

Thanks for your perspective guys. I guess CGT wasn't factored in as I was considering a buy & hold strategy that refinances to realise increased equity rather than to sell. However factoring in -ve gearing sure does make a difference to the attractiveness of IP over TD, assuming the 5-6%...

Numbers have never been my thing. I've been playing back a couple of calculations in my head & wanted to run these past you to get your thoughts: $100K available Term Deposit Interest rate of 10%: $10K Tax @ 30%: - $3K Total profit: $7K IP $75K deposit for $500K IP ($25K...

Thanks heaps for your detail Michael. It provides a great basis point for comparison. That's great news about you North Parramatta IP. I didn't realise you can have dual occupancy or more on a block <700m2? I was looking through the Parramatta City Council DCP a while back and thought it...

I'm after some indicators of average land values for suburbs within the Parramatta LGA. The Parramatta City Council website states they conduct valuations every 3yrs but these results don't seem to be published on their website. NSW Lands publishes indicators for the Sydney metro area but...

So for 80% LVR loans that don't require LMI there isn't any problems in ommitting a finance clause?

I use St George (not the bank) in WA. Never had to make a claim, never heard anything from them except to renew the policy when it expires. They could be running their operation out of the home garage for all I know, but their policy seems to tick all the boxes. Would love to hear if anyone...

Although that might be a good comparison, it doesn't really give you an indication of whether that's a good price or not. Simply because a unit in the complex sold for $300K less than 3 months ago doesn't necessarily mean that if you are able to buy a similar unit in the complex for <$300K...

Despite the analogy, this may actually be a stupid question... Of course comparing a sale price with current & past sales gives you a rough idea about what the market value is - but are there any more concrete ways of assessing a unit's value? When you have a plot of land with a property...

Thanks for the reply Jacque :) Does anyone have any experience with using a BA for the SW region?

Hi guys, After losing out on a couple of deals and not having the time to get in and assess, inspect and deal break properties from interstate I think I need to bite the bullet & enlist a buying agent to help me out. I want to buy a property in the Campbelltown region - can anyone...

Hi guys, Thought I'd resurrect this thread as I am now looking for recommendations for a solicitor. Can anyone add a recommendation to those posted above? Or have those recommendations posted above changed in the last 18 months? Also, any guidance of what the current rate is would be...

What's the story 18 months later? Hi guys, I'm giving this thread a bump as I too am looking at Ermington as a possible investment suburb to buy an established house with land. However as I live in Melbourne I don't have a clue about the general culture & prospects of the suburb...