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  1. Witzl

    Witzl's tightar$e IP renos....

    I figured i might as well jump on the bandwagon here, and show off a couple of reno's we've done in our two IPs. This might also help people to get a few ideas on doing the odd tightar$e reno to help add value - i know that I love seeing pictures like this to get ideas for myself and i've...
  2. Witzl

    Looking to sell our IP that was once the PPOR - CGT questions

    Hi all, I need a bit of help to try and calculate our potential CGT liability on one of our IPs that was initially my wife's PPOR. Around July 2005, my wife (shortly after we first met) bought her first property with the first home buyers grant. She rented it out for 11 months, after which...
  3. Witzl

    NSW Article - Proposed changes to residential tennancy laws

    Article here - http://smh.domain.com.au/real-estate-news/landlords-gain-in-rent-overhaul-20100602-wztk.html Seems that the people looking at these changes are actually thinking about BOTH sides of the fence for once, instead of just the tennant's side. This is a good thing IMO. Some of the...
  4. Witzl

    Grid-tie solar system on my PPOR - what about when it becomes an IP?

    Here's a curly question for you all..... I'm looking at installing a 2.1kW grid tied solar system on my PPOR. This system is going to generate around $1700/year worth of solar credits, which will pay off my system in around 2 years (im buying the gear cheap through work). This is all fine and...
  5. Witzl

    Garbage Journalism - article on the "imminent property bubble bust"

    This article here - http://www.smh.com.au/world/stressed-out-waiting-for-the-bubble-to-burst-20100212-nxjf.html .... is complete garbage IMO. Just another one of those "it happened in america, so its going to happen here. Also, Steve Keen says it will happen. The sky is going to fall on your...
  6. Witzl

    Article - NSW is hated by property developers

    Link here - http://www.smh.com.au/opinion/politics/nsw-not-a-developers-nirvanaits-planning-hell-20091118-il94.html?autostart=1 I didnt quite realise NSW was *that* bad!!
  7. Witzl

    Dept of housing putting "buyer must be owner occupier" in contracts of sale

    This is in part a legal question, but it also factors into the property market economics side as well - so i thought it prudent to post it here: --------------- A bit of a curly one has come up from my friend, who is currently trying to buy his 3rd property..... His strategy is to buy cheap...
  8. Witzl

    What the heck can I do??? Tennants "cant" find place to move to from our new PPOR

    We are stuck between a rock and a pretty farked up place, so im half venting, half looking for help and advice.... .... My fiancee and I bought our PPOR back in early March, and it was due to settle next monday, 27th April. I just received a call from my conveyancor, passing on the message that...
  9. Witzl

    Article - Neg gearing attacked for driving up property prices

    I just got forwarded this article from a friend of mine (a lurker on these forums). This looks like another socialist sensationalism move to appease the drongo masses. Won't work IMO. One readers comments ring very true...
  10. Witzl

    Buying a 2yo Townhouse - depreciation questions

    I've read a bit about depreciation, however it still something im not too savvy on - hence i need to ask questions :) We are buying a 2yo townhouse, which will be our PPOR for the next few years until we upgrade/move out and turn it into an IP. Obviously being so new, there is a LOT of...
  11. Witzl

    Another PPOR to IP question... with a twist

    Hi all! I know there are a bunch of PPOR to IP threads in existence already, and I have read a fair few of them... but this question is farily unique, and would probably require me to read all eleventy billion PPOR to IP threads. Anyway, here's the situation: - My workmate just recently...
  12. Witzl

    I demand the NSW govt to be fired immediately

    http://www.smh.com.au/news/national/sydney-congestion-toll/2008/11/11/1226318617010.html Well... we might as well all just move to the M4/M5 regions, or just GTFO of NSW and live in Melbourne or Brisbane. Seriously, a more inept and retarded government there has not been. GRRRR. :mad::mad::mad:
  13. Witzl

    Forrest Gump Explains Mortgage Backed Securities

    **NB: pinched from another forum Forrest Gump Explains Mortgage Backed Securities Mortgage Backed Securities are like boxes of chocolates. Criminals on Wall Street stole a few chocolates from the boxes and replaced them with turds. Their criminal buddies at Standard & Poor rated these boxes...
  14. Witzl

    Advice for eliminating bad debt

    Well my partner and I have been going back and forth over the best way for us to eliminate our bad debt, and we cant agree. So i would like to get some outsiders opinions on what might be the best way to pay down our bad debt. Here's our situation: - we have one IP, which is being refinanced...
  15. Witzl

    Negative Gearing: Turning fully owned PPoR into IP, and using equity to fund new PPoR

    Hi guys... this is a bit of a question to ask on my dad's behalf. He's not an investor, but he is having a few problems with some of the tax advice he's been getting. He owns outright his old PPoR in Castle Hill, and has been renting another home for the past year. He has "off the books", been...
  16. Witzl

    First Timer - Fixing up an old fibro garage with damaged panels?

    There is a property myself and my partner are looking at in Colyton (western sydney), and whilst the IP as a whole is pretty good, the free standing garage is an old fibro one, and the sides of it have a few broken fibro panels - there are some holes and stuff. The front has already been clad...
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