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How long did it take you to (a) find an area (b) the rest of research including shortlisting the properties?

I would pick Kogarah out of these 2 suburbs. Its good for communiting to the city. By the way shopping center is tiny - aldi, woolies and couple of take aways. Not sure if there are many asians in kogarah, Kogarah has different type of community - hospital personnel community. Almost everyone...

Many thanks Peter & Terry for your replies. I browsed internet a bit after I've set up this post and it seems that setting up a trust is a way to go. What do you think about it? If I understand correct it allows to shift profit/losses between people when convenient.

So if it on our joint names can we claim expenses proportional to income. Say 10% from my taxes and 90% from my husband's taxes?

Hi, We are now in the process of buying our second investment property. Its on the joint name as the first one, I am only working part time with the income less than 25K a year. How can we right off expenses for the negatively geared properties in such a way that it comes off my husband's tax?

Just to add, my PPOR is in Rockdale NSW, I chose it because its close to Brighton-Le-Sands that is more prestigious and expensive.During the time I owned it Rockdale went up in price due to proximity to Brighton-Le-Sands. So naturally I am looking for the same scenario....

Hi All, I am planning to buy my second investment property and looking towards Brisbane. My budget ~$450K. After browsing many properties in my price range and then checking suburb profile I am thinking of Manly West. My original goal was to buy a house at ~$450K, within 15 km of city...

I heard that Newcastle University is either building or recently built student accommodation (around 1000 rooms). Worth checking this especially if looking at the suburbs like Waratah

Hi guys, Where can I get lists of bulk data in the format I can manipulate (like excel or tables on web-site)? I am looking for the data like the one that is published in the back of property magazines. (Info on all suburbs, median, ave yield, distance form the cbd, number of sales etc) I...

Update on my serviceability, as many of you said, the lender and structure of the loans makes big difference in borrowing capacity. Our current lender was comfortable with only 290K that is including 80K savings & 90K in equity. Another mortgage broker said he was comfortable with 400K not...

Wow, what a great idea. I wish I had an accountant like that. And I wish I done that before going on maternity leave :-( Mine just makes mistakes and charges me for them. Last time he even told me that I am out of my mind asking for money back or discount because his fees are tax deductible.

Many thanks to all replied to the question. I've sent requests to meet to couple of mortgage brokers in the area. I also spoke to a guy I know who has a bit more experience in property and it seems that the structure of my mortgages is not right. He recons I should have done trust & I...

Hi All, When looking at the property investors case studies in the magazine, you have people on 80K having portfolios of 5 million dollars in 5 years with the strategy 'buy & hold'. How do they do it? I understand equity, but equity is not liquid money. Speaking with my bank, my understanding...

Hi All, This might be a dumb question, but what are you key stats that you look at when shortlisting a property that enough for you to say 'yea or nay' at a glance? I have chosen the strategy, budget, suburbs and now I have started to look at the properties. I found that I have to spend...

Many thanks Andrew for that fantastic stats! You see, my original strategy was to get neutrally geared property. :D It just did not work out for reasons I now clearly understand thanks to everyone in this thread!

Interesting topic. I haven't worked this financial year, I am on maternity leave, so I don't think I can use negative gearing to my advantage. Like most people I would like not to be negatively geared. When I done the numbers last night I got a bit of a shock, so my first thought was to sell...

Hi Peter, Somehow no one ever admits to having negatively geared property, so I thought I was alone and did not do my research right. I am glad to see that this is not the case. I will check out Residex.

Many thanks for your advice. I will shop around. I looked at the agency statement and immediately noticed savings - they are charging $5 postage. I get all my correspondence via email which they than print and send me via snail mail. I will ask them to stop this asap.

Yes, you are right. The numbers did not add up! I have double counted 10% management fees. I also did not calculate rental yield correctly. I've attached updated calculations. Now figures look better. I've also projected, based on recommendations in this thread, that it would only cost me...

Thank you for advice. I wouldn't be able to buy many properties if they cost me much to maintain. Is this how investment in properties usually works? I meant ongoing managing fees from the real estate its loan mowing once a month and removing dead tree branches plus cleaning gutters three...