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With long term rental yields consistently decreasing and reaching historical lows in most places is anyone out there successfully using Steve Navras Rental Reality when purchasing properties? Using this as a guide to property values it appears most properties around today are overvalued and have...

This article is a few months old now so I apologize if it has been posted by someone else already- http://www.smh.com.au/articles/2003/11/25/1069522601981.html To let: a nation of landlords with long-term views The average Australian is convinced that you can't go wrong with bricks and...

Hello all. I need some help in getting a better understanding of construction finance or selling off the plan. Say you take some vacant land and apply for basic construction finance with the view of keeping the house and renting it out. The bank would take into account the expected rental return...

What is the best way to make an offer on a property not advertised for sale? If the owner agrees to sell their property to you do you sit back and wait for them to prepare a contract of sale or would you organise this yourself to save time? Mick.

I am surprised to see once you have a set of trust deeds you can set up a second trust for $10 at the Office of State Revenue with no further involvement from your solicitor or accountant - http://www.somersoft.com/forums/showthread.php?postid=22830#post22830 Is this legal? It would be...

Has anyone successfully been able to negative gear on vacant land (where not yet zoned for building) by leasing out the land for other purposes? How would you document this sort of lease; you couldn't use a residential lease agreement if the block is vacant.

I've been thinking about how to buy land and get the DA approved before settlement. Obviously it would need to be a longer settlement if plans are to go through town planning. Is it normal to sign a contract subject to DA approval? If a vendor was willing to do this are there usually time...

I was curious how other people organise their loans after increasing the LOC for a deposit on another property. Eg- If your original loan was a LOC for $160,000 on a $200,000 property and after revaluing the property you increase your LOC by $60,000 to $220,000, do you: a. Keep the...

This hasn't happened to me yet but I've heard if you have too many 'hits' on your CRA it can be difficult to get finance from some lenders (your CRA can show loans you didn't end up taking or one's that didn't get approved by the lender). I've also been told that before applying for loans...

If I were to build and hold a brand new property in my trust and not register for GST (because I had no intention to sell within 5 years), what would happen if I then built a second property for resale purposes? I would obviously have to register the trust for GST when selling the second...

How do most people plan on replacing their income from property? Is the plan to fund your retirement from rental cashflow or by drawing down on equity each year?

I have been advised by the Water Board they require a copy of my final plan of sub-division to enable a Section 50 Certificate to be issued. Can someone please explain what a Section 50 certificate is and how/when this fits in with the development process?

Hi Guys, I'm in the process of sorting through my statements, receipts etc in preparation for this years tax return and came across a small amount of interest paid to one of my bank accounts. This is a personal savings account I don't use all that much. My question is as I am expected to...

I recently received a newsletter from Residex advertising their new report for $220 that lists all the suburbs in NSW and QLD that have positive cashflow properties. Anyone bought this report yet? What do you think of it?

Is repainting cracked paint on guttering and window frames in the same colour regarded as tax deductable (repairing back to original condition) or is it seen as an improvement?

Are items depreciated at the actual purchase cost to you going off your receipts (where available) or can they be depreciated at a price estimated by a quantity surveryor instead? If you actually purchased the items and therefore possess the receipts (as opposed to a previous owner where you...

Is there any benefit to using multiple trusts rather than holding all properties in the one trust?

Hello all. As the advantage of a hybrid trust is to allow negative gearing I have used my personal Line of Credit to buy Special Units and now in the process of offseting this interest against the distributions from hybrid trust. It is said once cashflow becomes positive it is best to let...