interesting article.
http://www.smh.com.au/business/the-economy/reserve-bank-prepare-for-even-higher-house-prices-20150615-gholmq.html
Employment is going well
Falling AUD
Property hype by media
Record low interest rate
Higher cost of subdivision
slow approval process.
are contributing...
Recently i am using PC after long long time. Holiday apartment has working office with all in one pc.
What do you use mostly on daily basis for internet surfing?
Hi SSers,
I have been tossing around this idea for a while but can?t make up my mind on it so I have decided to resort to fellow SSers.
I have thread of my journey so far here (for background info)
http://somersoft.com/forums/showthread.php?t=106768
Current situation:
I am working...
After my post of of below thread.
http://somersoft.com/forums/showthread.php?t=106768
I got few txt/pm asking how we can find positive geared property.
I believe in Capital Growth and happy to take $$$$$$ chunk in one go then getting paid on drip ($10-$50 per week)
So rather than...
http://www.smh.com.au/nsw/luke-foley-raises--stamp-duty-overhaul-during-second-election-debate-20150308-13ydxz.html
What do they think?? do they really think or consult anyone in banking industry?
lender will take that as ongoing expense and it will reduce borrowing capacity of FHB...
There are few threads on currently on how to grow multimillion $$$ portfolio or What strategy or lot of newbies asking question what should I buy.. so I thought I ll share my story..
Conclusion: started with $58k cash in 2012 and have around 2.5 M portfolio now across the country!
(Sounds...
This is my rant...
It is been really difficult to secure a good development site (a profitable one) for long time now.
I see 3 types of buyers..
1. Average mum and dad wanna be developers targeting dual occ sites
2. your local Small medium builders targeting Multi unit, townhouses sites
3...
Hi guys,
Friend of mine is getting few mixed answers from "Retail" broker/bankers.
So here is a situation
Person A income: 65K + super
Person B income: 80K + super
No dependent
currently renting at $400 p.w.
no other debt
Cash balance: 200K
They want to buy block of land for...
need help for expert in relation to breaking a fix term residential lease in qld.
We want to
remove current tenants (due to various issue, rather not disclose it) they are on a year lease and have months lease left.
is it possible and if yes, what sort of notice period we have to...
http://www.news.com.au/finance/real-estate/nearly-half-the-cost-of-a-new-house-is-gobbled-up-by-a-range-of-hidden-taxes-and-can-add-up-to-250k-per-property/story-fnd91nhy-1226831181270
Good article.
As a L Plate developer, i can defiantly say
GST
LAND Tax
Stamp Duty
council...
See link
http://www.news.com.au/finance/real-estate/us-demographer-predicts-hit-to-aussie-home-prices/story-fndba8uq-1226816510923
I agree with some of what he says in above article.
I also see ppl are paying 100-150K more above reserve price on property at auction in most metro city...
i am in process of developing a property profolio/management software for investors.
I thought it would be best to ask somersoftains to ask what they would like to have in such software/app.
It would have
Cloud file storage (to save various format of documents, images)
rental statements...
Hi there,
I am looking for spec builder in perth. looking to build 4x2 house.
can you please recommend a builder that you have dealt/dealing with and happy with price and work.
many thanks and Happy New Year to SS readers!
http://www.news.com.au/finance/money/top-financial-planners-share-the-best-money-tricks-they-ever-learned/story-e6frfmcr-1226785523291
how does it work for a person
that has no deductible debt (i.e No PPoR mortgage)
on good income paying reasonable higher tax...
I am about to start Duplex development in Greystanes and confused about floor covering options:
I have choice between Polished Concrete and 600 x600 Porcelain tiles
I have ruled out timber or laminated floor board as it will be rental property once it is completed.
I have spoken to...
To expierneced investors on forum,
What;s your thought on young people (let's say 20-35years) taking on maximum debt to secure properties or good investment?
Let's assume: A guy, Age 27, earning $55K
A girl, Age, 25, earning, 55K
Total household...
Hi,
We have just completed reno for our property in QLD.
I have attached some Before pics.
replaced:
carpet
lino
Down pipes
taps and washers
kitchen doors
blinds
plastering and paint
bit here and there!
total cost: $5K
Hi
Just in a need of Memorandum of Understanding template.I know there are few that i can find via Google search.
However, it would be a helpful, if you have one in context of building contract.
we are signing up a building contract with builder and there are few things that we...