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Last week I asked the estate agent for valuation, he called me 30 mintues ago. The new valuation was less than last years, it is now valued at $329,000. Cheers, Roegr.

Hi orcades, I have property in Katoomba. It is 3 bedroom and in a very good condition. I have had this property for just over 3 years. Renting can be a problem. Twice the property has been empty for over 4 weeks. Also, the rent has only been increase once during these few years by only $5...

Thank you Pitt St and salsa for your replies. Cheers, Roger.

According to my Real Estate agent house prices in Mackay are still going up. 2.5 years ago I bought a four bedroom property in Mackay for $202,000, renting for $215. Last Year it was valued at $290,000 renting for $280. Last week got another valuation, it is now $380,000, renting at $310...

Hi, How do I find out if the bank has registered the mortgage on my IP's with the land titles office in Qld? Cheers, Roger.

Hi Crystal, I am due for capital Gains Tax this financial year. Last June, I made investment in Great Southern to reduce the capital gains tax. You can buy in lots, each lot costs $3,000 + GST. The full $3,300 is tax deductible. You can also the $3,000 over twelve equal payments...

Positive development for Macaky, Jetstar now has direct filghts to Mackay; http://www.jetstar.com.au/pdf/news/20051006a.pdf

Hi Ebbie, I have had a single mum for a tenant for the last 18 months. The rent is $220 p/w. Four months ago for the first time she missed rental payment. The agency was great and followed her up promptly. She paid the back payment and she has been on time since then. Now I just make sure I...

I have a property in Mackay. I bought it 18 months ago and during this time the rent has incresed from $215 p/w to $310 p/w. Then again I have a property on Katoomba NSW, the rent has stayed the same for the last 3 years. Cheers, Roger.

Hi Peter, 2 Tickets for me please. Cheers, Vachik.

Hi BC, This is a great story. I am going to print this out and let my kids read it. I have a 13 and 11 year olds. I am trying to help them see the son 1 approach is much better way to get to financial freedom. Cheers, Roger.

Thanks babushka for the reply. I will let my aacountant know what you suggested and see what he says. Cheers, Roger.

Hi Rolf, Thank you for the reply. This morning I talked to my accountant. After a long conversation, he tells me that the Stamp duty can only be depreciated from the time I start using the credit line. Also, say if the credit line is for $500,000 and I use $200,000 to buy a property, only...

Hi Calm, The answer to your questions; Yes, Mackay is a good place. Allot is happening with upgrading the ports etc which I think makes the demand for properties strong. It would not be easy to get a +ve geared property. The Example I can give is my own, Bought a house 18 months...

Thank you for your replies. I will also check this out when I see my accountant next. I will let you know what he says. Cheers, Roger.

Thanks Les and Macca for the replies. I will email the tax office just incase. Cheers, Roger.

Hi, I have not received my Land tax invoice. Many of my friends have. I have contacted the tax office, all they will say is they are busy and I should get it soon. Have many people in this form still waiting for their land tax. What I am concerned about is that it may have got lost in the...

Hi, I am in the process of getting a new credit line to use for property investing. I may not use this account for a while, Will I be able to get tax deduction on the stamp duty paid for setting up the credit line? Cheers, Roger.

Hi, Does any one know good deals for car hire in Hobart? Cheers, Roger.

Update on Mackay. The 6 month lease on my property in Mackay is up in 4 weeks time. The agent phoned and asked if I would like to extend the lease for another 6 months. They are also increasing the rent by $20 p/w to $280 p/w. The agent said if the current tenant does not want to accept it...