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  1. recruit2

    Low yield / growth for a long while

    So here's how I currently see the property market and I don't see it changing for a long time. - Everything is fully pumped and unrealistically unaffordable compared to 10 years ago relative to incomes. - Nothing is going to automatically double any more (apart from lucky/rare mining towns)...
  2. recruit2

    Poor use of equity??

    So I have a townhouse worth $600k, owing $290k being rented out for $550/wk. So that's about $300k in equity just sitting there and based on these numbers the place is basically just looking after itself and generating a tiny bit of excess cash flow. It is a lovely property, so the tenant is...
  3. recruit2

    Newcastle - top of market!?

    On the ground in Newcastle, NSW at the moment, things do feel quite over-bloated, although the frenzy buying activity has settled down and things seem to be cooling off. There has been the odd bargain popping up from motivated vendors, but overall I don't see a reason to rush into this market at...
  4. recruit2

    St George portfolio/advantage questions for a newby

    Hi guys, I am in the process of having this setup, almost signed and done with the bank and just have a few questions to any other investors who use this product.. I have one IP which I receive rent for every month. I also have my own income from my job coming in every fortnight. At this...
  5. recruit2

    Decent accountant in Newcastle

    Can anyone recommend a decent accountant in Newcastle who will be able to cope with investment properties and is reasonably savvy?
  6. recruit2

    What's wrong with this one

    http://www.realcommercial.com.au/cgi-bin/rsearch?a=o&id=5274585&f=0&p=10&t=com&ty=&fmt=&header=&cc=&c=82909844&s=nsw&snf=as&tm=1291216732 9.9% return, 3yr lease in place, reasonably cheap buy-in price.. Looks pretty good???
  7. recruit2

    Suburb median prices - past 10 years..

    Is this kind of thing widely available and considered free? Are these numbers generated by several different companies (E.g. residex, RPData, APM etc) and they each come up with their own figures which vary? Are there any sites where I can freely look up the median price of any particular...
  8. recruit2

    NSW Street names database

    Does anyone know where I can get a hold of every street name in NSW for free? Conveniently in a huge spreadsheet or database format would be ideal, but even if there is a web site that lists them all, I can write something to suck them down. Many thanks.
  9. recruit2

    Taxed on +ve cashflow profit from IPs?

    Just a quick one. If my IP turns say $5k in positive cashflow per year, which gets piled up into the property's offset account, is that considered "personal income" and therefore is personal income tax payable on that amount at my normal tax rate?? Cheers
  10. recruit2

    Minimum capital for first commercial deal

    Dazz and others.. I've picked up that commercial deals really start to become the most attractive above 1m purchase price and beyond. Would you generally reckon you need about 450k absolute minimum to enter into something along these lines..? I.e. 70% LVR + additional costs.. Therefore...
  11. recruit2

    Where should the equity be...

    Something just hit me today. I have an IP in Canberra worth 550k, happily rented for 550/wk with plenty of demand and growth in the area and constantly occupied on 12 mth leases. It is a beautiful property with high quality fittings and the quality of life there is awesome, very spacious and...
  12. recruit2

    Buy reno sell process

    If I buy a small unit, commence reno immediately and get it back on the market exactly 6 months after the date it settled, is that considered legitimate and no dramas in terms of it being my PPoR and therefore no CGT being payable? (My mail would be delivered there and all the utilities would be...
  13. recruit2

    What can I do with this equity

    Hi All, Awesome forum, I read it for hours and stay up way too late. I was hoping to get some advice, I am having some "analysis paralysis". - I have a 3 bed modern townhouse in Canberra (value 515k, owes 290k, rented @ 520/wk) CF+ on PI loan. Approx 110k equity accessible. - I have 12...
  14. recruit2

    Gladstone

    With any potential boom town, there is always a risk, and you always get the usual nay-sayers "Oh values will never get that high" etc. You can only try. Just saw this one: http://www.domain.com.au/Property/For-Sale/House/QLD/West-Gladstone/?adid=2008165456 - Nice, low buy-in price. -...
  15. recruit2

    Newcastle

    Ok let's talk Newcastle suburbs.. The place is getting more and more well known as a convenient alternative to Sydney. The climate is better than Sydney's and the people are more laid back. Traffic and other issues aren't as severe and property is much cheaper than Sydney. I grew up there and...
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