Recent content by ferretter

Hi again, Thanks for your responses. I have been sitting back and watching the market continue to grow and grow here in Perth - I though this run would stop 12 mths ago! True, it may not be the right time, so I will consider what I believe will happen in the next few years before I sign...

Hi Lizzie, I have only briefly spoken with the council. Apparently there is a new town planning scheme expected within the next 2 (maybe???) years. Thank you for mentioning what has occured to you, I shall definately keep that in mind when I speak to the Planning Dept. If I do go ahead...

Hi All, I have the opportunity to purchase a property in the Perth hills for $450,000. As stated, it's on 4 acres, zoned Rural Landscape Living, cleared with two houses in good condition - both 3x1, both 1960's. I expect to get around $420 per week in rent. Though currently not...

Hi I wonder how many people like myself became inspired by Robert Kiyosaki after reading Rich Dad Poor Dad. My partner bought the book then didn't get a chance to turn a page - I read it in two nights then gave it back. From then read Jan's books - wanted an Australian perspective on...

Hi Nom, Mandurah and Rockingham do have cheaper houses, more positive cash flow and heaps of properties for sale to choose from (though the canal estates are expensive in Mandurah). Cheap houses in this recent boom went from $90,000 to $150,000. Rockingham start from $160,000. Busselton...

In WA the taxable value is also about 50% less than current market value. $50000 is exempt. 50,000 - 190,000 $75.00 plus 0.15 cent for each $1 in excess of $50,000 190,000 - 550,000 $285.00 plus 0.45 cent for each $1 in excess of $190,000 550,000 - 2,000,000 $1,905.00 plus 1.76 cents...

From: Lee T Hi all, I have just purchased an IP with subdivision approval. If I sell the land ($60k)I have the opportunity to pay out a loan from another IP and receive a passive income of $120 per week. Or Do I buy another IP? Or Don't sell and build instead? Has anyone been in this...

Reply: 1.1.1.1.1.1.1.1 From: Lee T Hi To answer your last query - St George allow you to pay $5000 per year off the principle with an I/O loan. Does anyone offer higher??? LeeT

From: Lee T Hi Geoff and Ian, I purchased a block in 1999 for the purpose of building an IP. My accountant has amended my return for 1999, with the following claims - interest, bank fees and taxes, Council rates and water rates in view of the decision in Steele v FC of T (1999). I have plans...