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Hi fellow Somersofters, We are hoping to get some general advice or feedback from all of you more experienced property professionals out there :) Currently I am looking at options for our next IP - we currently have 2 but the main premise for the third is that it needs to be cashflow...

Scenario is: We have about $400k equity in our current PPOR and are contemplating buying a block of land to build a new PPOR on. We will sell our current property but I don't want (can't really afford) to fork out interest payments on the $500k block during the sale and build process...

In light of the article in todays Herald Sun regarding the strange things people have tried to claim on tax (photos of their kids, claiming a spouse rebate for 4 wives, not claiming income, etc.), would anyone like to share strange things that they may have claimed on their tax previously?

Is there a simple answer to this (like is there anywhere within RE.com.au that provides this info for example)? Or do I need to pay for a report of some kind? And apologies if this has been asked previously or if it is something that I should know....the earthquake has shaken me up a bit...

Just interested to know what all of you experienced people think this would be worth: http://www.realestate.com.au/property-house-vic-donvale-110262241 Onthehouse values for this property are low - $860k - $940k (although I have never had much confidence in the accuracy of these values)...

This was just emailed to me and I thought it was the funniest thing I have been sent in a while so needed to post! I did remove some of the content however for the sake of younger viewers.... Something I just knocked up. I have written a book and am quite proud of the results and, in...

Hi there, Could someone kindly advise what the stamp duty rates in QLD are and what concessions are provided for off the plan purchases (land size is 175 sq m). Is it similar to VIC in that S/Duty is only payable on the land component? Also can anyone recommend a good conveyancer /...

As per the title prices and rents in Dalby seem to be languishing yet Moranbah has gone nuts. What is the reason behind the disparity? Is there significantly more activity in the Moranbah region? Any ideas?:confused:

We have a tenant on a 12 month lease (residential) and to be honest we are sick of the constant excuses and late rent every month. Are we within our rights at the end of the term to simply not renew the lease with them, and put new tenants in?

We are currently working with our excellent accountant (you know who you are ) to set up a SMSF, with which we intend to purchase property as one of our investments. I flagged this with our bank manager last night (ANZ) who commented that we would need to have the account operational for a...

This article was spread across the Herald Sun this morning - http://finance.ninemsn.com.au/newsbusiness/8412206/employees-emotional-over-15m-bonus However I had a laugh at the following from the online piece this afternoon: Etty Talauega, who plans to use some of her bonus to help her...

Does anyone here know of a technician that can look at an evaporative cooling unit on a Saturday (without charging an arm and a leg)? We had an email from our PM office at 12:33 saying the AC is not working properly, now they are closed and our PM is on AL and I can't find anyone who is open...

Oracle's Larry Ellison loses $4b in 24 Hours http://finance.ninemsn.com.au/newsbusiness/8393668/oracles-larry-ellison-loses-4b-in-24-hours Oracle’s shares have fallen roughly 14 per cent since the close of market yesterday and are now trading around $25 a share. The stumble has pushed...

http://finance.ninemsn.com.au/newsbusiness/8393198/housing-shortfall-set-to-balloon Australia's housing shortfall is expected to blow out to more than 640,000 in 20 years, prompting industry calls for tax cuts and other measures to stop prices going through the roof. The gap between demand...

Basic story - new tenant in our IP and is late with rent for the second month in a row (they have only been in for 2 months). The PM is saying that they will continue to chase for them for payment but I think we should be serving with a notice of eviction and changing PM's. Your thoughts?

It is a slow day in a little Greek Village. The rain is beating down and the streets are deserted. Times are tough, everybody is in debt, and everybody lives on credit. On this particular day a rich German tourist is driving through the village, stops at the local hotel and lays a €100...

http://finance.ninemsn.com.au/newsbusiness/8387244/anz-breaks-away-from-rba-rate-cuts In summary The ANZ Bank says it will no longer announce interest rate changes in sync with the Reserve Bank's schedule, and will instead move to a regular monthly rate review. ANZ chief Philip...

Interesting perspective on the global market at the moment. http://finance.ninemsn.com.au/blog.aspx?blogentryid=954093&showcomments=true If China's economy falters surely this will have a significant flow on effect on Australia's last bastion of financial strength in mining and exports...

Second month in to a new 12 month agreement and our new tenants are late with their rent payment. Their excuse was as follows: "coming from Darwin we were only required to be 2 weeks in arrears and I was unaware that I am now required to be 1 month in advance" I would have thought that...

I am fairly new to the forum so don't know if a joke thread has been done before, but some of the threads do get pretty serious so thought it would be a good idea to lighten things up a bit.... I will start things off with Microsoft - One of Microsoft's finest technicans was drafted and...