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  1. J

    Would you buy land and a house plan?

    We have four investment properties scattered across this wonderful country and (thanks to the company) we current rent our house for almost nothing. Well, that is all about to change as we relocate to Melbourne. Now it gets challenging. What do we do? The rent is not cheap in Melbourne...
  2. J

    Depreciation calculation

    We have just purchased two IPs and have subsequently been approached by a fellow wanting to do the depreciation calculation for us for the sum of $700/IP. It comes with the "if you don't get at least this much back, we'll refund the price" clause. If this a fair and reasonable price for this...
  3. J

    Changing Joint Tenants

    My wife and I have purchased a property in WA and have signed up as Joint Tenants for it. She now no longer wants to work and we wish to change to Tenants in Common (I think they are the correct terms). We are being told that this will constitute a sale and we will be charged stamp duty...
  4. J

    What to do with extra cash?

    Having just saved enough for a deposit we purchased two IPs recently (the cheaper one an I&P loan, the other IO). We have a pretty good save ($2.5K / mth), but are not sure what to do with it now. We want to purchase more IPs, but what is the right choice? Do we: - Bank it for another...
  5. J

    What insurance do I need?

    Now that we are about to finalise our first property purchase, we are starting to think about the obvious next steps...insurance. What insurance do I need? The place is virtually unfurnished, it has a dryer and an electronic fireplace. We would like to cover ourselves against damage to...
  6. J

    Expensive PM in WA?

    I have only just purchased a property in WA, and the PM rates appear quite high. Is consistent with other people's experience? Also Raine and Horne have a 'all in one' price which equates to 20% p.a. and covers all costs. There is only the one price to pay no matter how much tenant churn or...
  7. J

    Does size really matter?

    Is a block only 600m2, with a small 4 bdrm house on it in an area with potential growth really worth it? Or is it better to get a large 3 bdrm home in a similar area? I guess I am not sure how the size of a property affects it relative capital potential? Obviously larger homes are more...
  8. J

    Now Mandurah looks good...but

    Is Mandurah still a growth area? Assuming it is, would you buy a small 4 bdrm on only a 600m2 block @ $159? Clean and neat, 6yrs old, but small. How much does size affect potential growth, and (being new) is this considered too small?
  9. J

    Reedy Creek?

    I have heard that this area is a little out of the way, but not being from QLD, I really don't know. A 3 brd villa for $125 without A/C? Does this sound reasonable? Not sure about body corporate fees, but I think they are about $1300 pa. If anyone knows much about the area, I'd...
  10. J

    Just starting - Advice?

    I am just starting on this path and I was hoping someone might steer me in the right direction. I am fortunate in that I am earning good money ($120K) and paying almost no rent as it is company subsidised. Most of my money is in shares ($40K), and I will leave it there, but I have about $10K...
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