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Thanks Mike

Hi Mike Ouch, this changes things for me. Do you have a reference to the ATO document?

Hi Dazz Basically I'm reducing non deductible debt and diversifying at the same time. I'd like to think of it as a strategic move which will allow me to increase my portfolio size. Yes I'll have all those costs you've mentioned but I have some old losses offsetting the CGT. The first...

Pieman As you can see buyers are not on strike, not here anyway and as long as interest rates stay at current levels good and affordable properties will still sell quickly and especially in Sydney where rents are so high.

Thanks Monopoly Sunfish Mate, you have too much free time in your hands. This property is like a house which is selling with a $150K discount and free front yard and pool maintenance. I wasn't going to sell it but I need the cash. Find me another property at this location with this...

Cheers mate, now back on the hunt for more IP's :)

Hi Buzz Thanks, I'm happy with the result. If you overprice properties that have potential then there is no advantage to the buyer so eventually you'll have to lower your selling price to meet the market.

Thanks Skater I spoke to the agent who said that there is very little stock available at the lower price range of Quakers and he was confident he would have sold it for close to asking price. Stock must be very low around there because if you drive around you only see SOLD signs on the...

Sold in 1 day It was open day today. It got sold in 1 day. (still under contract but it will sell) I told you it was special ( It will be sad to see it go) We had 14 groups through, We had 3 offers, 2 were acceptable, we got the asking price

btw, Council rates are $261/quarter

Hi SS I believe they are around 35 and this is the reason for the low strata. (The bigger the complex the more people to share the running costs). Cheers

RH Selling this property privately didn't even cross my mind. Regarding the PM you sent me and the rate of return since purchase, I bought the property after prices had already moved so I didn't catch the full cycle and as you know Sydney had a long period of price stagnation but I feel...

RH It is an exclusive agreement not a sole agreement so I don't believe I can sell it myself before the selling agreement expires in 2 months but it will definitely sell before then. You are right the property represents good value. I think unit 12 which is on the same side sold not long...

As part of my portfolio restructure I've sold a house a few weeks back and now I'm selling this very unique property I've had for 10 years. http://www.realestate.com.au/property-townhouse-nsw-quakers+hill-107376936 This townhouse is unique in that the back yard is 3 times the size of...