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  1. M

    Brace for even higher price!

    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...
  2. M

    What is your game?

    What is your game?(for Investment property of course)
  3. M

    PC,Laptop,ipad or phone?

    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?
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    Your suggestions required ? career change

    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...
  5. M

    Cash flow positive property

    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...
  6. M

    Buy now Pay later (NSW)

    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...
  7. M

    $58K to start with and read on

    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...
  8. M

    It is frustrating finding a (profitable) development site

    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...
  9. M

    Tricky borrowing capcity question for broker

    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...
  10. M

    Terminate Fixed Term Lease in QLD

    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...
  11. M

    Tax, Gov fees and contribution for development

    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...
  12. M

    Aussie property could drop 50% or more

    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...
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    Property Portfolio Software/app

    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...
  14. M

    H&L package Builders In perth

    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!
  15. M

    Financial tips

    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...
  16. M

    Floor options

    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...
  17. M

    Secured Debt at young age!

    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...
  18. M

    Reno Before and After in QLD

    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
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    MoU templet

    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...
  20. M

    conveyancier in WA

    Hi, Can you please recommend a good conveyancer for property purchase in Perth? Many thanks advance!
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