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Apologies for the delay in updates, I have been busy finalising the contracts etc for the Tradesmen who will be undertaking the works on the properties in question. Not an easy task. I reckon we are 3 months away from going at this in anger, positioned ready for 3x properties as a minimum...

No issues MTR appreciate the comments. I agree that all outgoings need to be broken down, happy to do this with my examples down to the last penny so that people can see the gross and true net result for each individual property. Anybody entering into a property purchase without having a full...

Great conversation guys and good to see. Here are some answers to some points raised: Gross Yields are averaging at circa 15% (Varies by 2 to 3 % each way depending of course on purchase price and reno costs) Property Management in the UK is in hand, we have worked our way through a...

Thanks David, Appreciated Regards Scott

Hi Starter 2 sources of funds 1 - SMSF purchasing using available funds 100% of value of the property no lending available as UK property. Taking care to ensure ATO protocol is not breached for overseas property. 2 - Personal funding outside of SMSF in the name of lower tax payer again...

Good Morning folks, I have been a member for sometime researching the Australian market and deciding which way I was going to go next on my investment journey. I have decided that I am going to continue to buy in the UK and I am going to use this thread as the place where I document my...

Thanks DT. Yes it is a display as per my other post I have had an independent valuation carried out and I am comfortable with the findings versus the discount negotiated with the builder. I get large annual bonuses hence the option to overpay IO without penalty suits me. The driver for...

Hi folks, Thanks for the responses, a bit of clarity required as some of you have assumed this is a build. It is a new property owned by builder so we will be first owner, I have negotiated a significant discount from their crazy asking price down to what it actually values up at. (All...

Good Morning folks, Looking for a broker to contact me to discuss options for a mortgage. 600k Property North of Perth. 2 scenarios: 1 - Keep the deposit to the absolute minimum (5%) and would like to put the LMI onto the loan as well pushing above the 95% LTV where possible. 2 -...

Give the 399 plus a big tip to the local bikies and let them pay him a friendly visit!

1500+ GST best quote received so far. Reasonable/Going rate or expensive? Regards ScottyB

Thanks Rolf, I will look them up. I hear you on Bank Val v Private however have had issues in the past and happy to pay to know my position early to help define my strategy for offering on the property. Getting access to Bank Vals in the UK has proven difficult in the past, do we have...

Looking to carry out an independent valuation on a property in Yaroomba 4573. Suspect it is well over priced and sadly my Investar Search APM subscription is not picking it up because it is too new. Can anyone in the area recommend a valuer I could be put in touch with? Looking for...

PT_Bear has it spot on, this is who I use. Another worth considering is - http://www.divers-supply.com/ Keep your items below 1k AUD and they will sail through customs without import duty. ScottyB

Tanks have tracks and you drive them, not what you strap to your back! In the Army we would fine you a slab of beer for calling them anything other than cylinders ;)

Harsh audience but I like it ;) (Checks spelling and grammar before hitting reply)

Thanks Aaron you are correct thankfully, oh and Paul it is "our" profession not "your" as I am a fully qualified accountant and Financial Advisor although I ply my trade elsewhere outwith the murky depths of the 2 nowaday's. Love how you automatically went on the defensive and tried to...

Come on Terry, They are not complex and costly at all. You just need to do your research and upskill your own knowledge before going into it. I probably spend 1-2 hours max per year running my SMSF and I have never paid the usual over inflated annual costs others kick about like 2-3k I...

Watching and waiting with interest IV. Showing my hand I am planning to be 100% out of the Australian Market in 2014, I have convinced myself there is better value and less risk elsewhere. Would be great to see your view. Regards ScottyB

My analysis of the Australian Market and outlook lead me to seek better value elsewhere at the moment. I use www.hl.co.uk which is a "Fund Supermarket" I buy in GBP so I received an additional benefit of moving AUD back into GBP when the rates were back @1.50-1.60 and I "Cost Average" and...