Recent content by The_Bludger

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    Is it time for Frankston?

    My rental in Frankston was advertised on Wednesday when the old tenants moved out. First open for inspection on Saturday and I had three applicants, all worthy of handing them the keys. $350 p/w for a 3 bedder in average condition. It certainly went pretty quickly this time around, a lot...
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    Dream to be Comfortable not Rich. Start Now!

    What a down-to-earth post! Congratulations on your achievements. Property has made "ordinary" people into "comfortable" people. Well done, hope it happens to me one day as well. It's like the old saying "What can you possibly buy a man(or women) that already has everything". You are there...
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    Foreign buyers face new tax in Victoria

    3% on a $1M or $2M property is chicken feed to an Asian investor. Should make it 10% - that'll slow things down a little.
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    Question regarding Land Tax and joint ownership.

    Hi all, I own three IP?s with my wife. All have loans stamped ?joint ownership? and we get charged Land Tax accordingly. If I was to purchase our next IP under my name only, how will that new purchase be calculated in regards to Land Tax? Thanks.
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    Minimising your Land Tax bill. This may work?

    Hi all, I have a few IP's jointly owned with my wife in our personal names and our Land Tax bill is horrendous. So, how do I get around this? I was looking at setting up a Trust per property purchase moving forward(If Land value under $600K, I only pay $926 per trust). However, I am not...
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    My first subdivision - Frankston.

    Hi folks, about to endeavour on my first sub-division in Frankston. I'll be subdividing a corner block that has a house already on it, keeping it as is and then selling off the "new block", probably with plans and permits so a builder can come straight in and do a build. Can anybody...
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    Tenant not vacating

    Zed - watch out for "breach of duty to landlord". What for? Disruption of "Quiet Enjoyment". And hope you don't get sued a couple of grand. The laws in Australia - got to love them! :) And as far as getting an agent to look after your affairs - do it yourself, most of them are useless and...
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    Frankston - The half million dollar suburb...and then some.

    I know a little about worthy sales figures in Glen Waverly, but it's all relative. But half a million bucks for Frankston? My point is that you just don't associate $500K with a run down, ready to demolish property in central Frankston. But obviously the bar has been raised and the...
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    Frankston - The half million dollar suburb...and then some.

    Hehehe, no. But this is massive for Frankston. It's a sign of higher prices for sure - it's setting a benchmark whether we like it or not. I think the rules of investing are starting to pay off. Don't go with your gut, go with facts and history of what has happened in other areas with time...
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    Frankston - The half million dollar suburb...and then some.

    It's happening folks - hold onto your hats. Get in quick before it's too late. Check out this place. Mouldy and run down to bits, but yet it sold for $563,000! In Frankston, yes in Frankston. http://www.realestate.com.au/property-house-vic-frankston-118942695 I can already feel myself...
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    Is this forum making you feel inadequate?

    I'm 25 and have millions of dollars to my name through property investment. Good thing I started investing when I was 15 years old. Don't feel bad if you can't retire at age 30 - we can't all be driving porches and eating lobster every night. :D But seriously, run your own race and don't...
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    If you're so rich, why aren't you happier?

    You reckon Gina Rinehart is 5 million times happier than the rest of us based on her wealth? Money will only bring you happiness to a point of being comfortable. Beyond that, it comes down to your outlook in life, your partner, kids, friends, relationships, hobbies, beliefs, etc. I'd rather...
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    do the greens need a lesson in economics? news.com.au article

    The Extreme Greens = Evil. That party is a lost cause.
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    Is it time for Frankston?

    I've got an IP in Oxford Street. It borders Frankston South, so it's in a good spot. Probably why houses are a little more expensive here - it's a nicer part of Frankston. Local shops end of street and Frankston High and Primary school are just around the corner and in the zone. A lot of...
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    Build 2 x townhouses or buy another IP?

    Thank you for the replies. I think most of you hit the nail on the head. It's the "opportunity cost" which I haven't factored in. Clear as day now. I toyed with the idea of buying interstate, but agents and tradespeople often take you for a ride. I'd rather pay more Land Tax and know I am...
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