Property investment

4GTuner

Help Support 4GTuner:

I have a unit being built next month in a regional town. The growth is not as high as metro obviously but much cheaper to build and they still fetch good rent. Rental properties are in high demand in these areas.
 
peasoup said:
I have a unit being built next month in a regional town. The growth is not as high as metro obviously but much cheaper to build and they still fetch good rent. Rental properties are in high demand in these areas.
Click to expand...

did you know that you can create a deprication schedule for the new unit your building? so you can depreciate it over 30 years?!!!!
it works pretty good if you speak to ur accountant about setting it up etc.. saves alot of money on ur tax etc...

that is one advantage of building new.. i have been looking at building new, but obviously the capital growth will not be high as say an established area/house etc..

Jon
 
yea i just brought back in october/november, established house decent yard for the dog an a 8-9 car garage, what else do ya need,
over 25 years, an i fixed for 2 years so i gotta regular thing going an dont have to worry bout interest, and in 2 years ill refinance, maybe with a new car, lol

my tip is get in now but havesomeone experienced helpin ya with what mortgage
 
House prices surge as rate rises fail to dent demand

http://money.ninemsn.com.au/article.aspx?id=1046072&rf=true

Sydney has the highest average house price at $609,353 but Melbourne prices surged by 27 percent in the past 12 months. Darwin houses rose by 15.7 percent, while Canberra prices were up 13.9 percent.
Click to expand...

BOOM hang on to ur horses cos houses r going to go up!!!

Im excited!

Jon
 
Look at some established houses/units in booming mining towns as new mines = more employment and people looking for houses to rent, or even convert some appropriate homes to multi bedroom facilities near universities to rent out for excellent return.
i.e. why have a 3 bedroom house with a sunroom, dining room and study room when all three extra rooms could be converted to extra bedrooms and double your rental return :)
It takes money to make money. I've got the brain but not the bank balance! lol
 
EVO-00X said:
Look at some established houses/units in booming mining towns as new mines = more employment and people looking for houses to rent, or even convert some appropriate homes to multi bedroom facilities near universities to rent out for excellent return.
i.e. why have a 3 bedroom house with a sunroom, dining room and study room when all three extra rooms could be converted to extra bedrooms and double your rental return :)
It takes money to make money. I've got the brain but not the bank balance! lol
Click to expand...

was looking at purchasing another investment property but prices just dont seem to want to ease up at all! they are very expensive to what i bought 2 years ago..

im subdividing and building a 2nd dewelling on my investment property next year!!!
cant wait !!! going to be exciting and very energy sapping at the same time!

Jon
 
I have an investment house in QLD, I love investment properties! i got mine when I was 20 with my Mrs. and I think it was the smartest move with our savings! (so hard not to spend it on the evo)

as for advice all I can say is if you’re buying an investment house make sure is no older than 5 years so you can claim depreciation. put it this way, with all the tax deductions I’m getting from the house I only paid $2000 tax last year ;)

Do you research and find out about future developments in the area and plan for the future and not for the here and now if that makes sense, property doesn’t gain you wealth over night... but it’s the best way to make sure you will have money later on.
 
Your house will always go up in value.

Shit if I bought land in Narre Warren 5 years ago for $90k, I could have sold that for $500k now!

House prices in outer suburbs are going to be the ones that grow fastest percentage wise.
 
evopwr said:
Your house will always go up in value.

Shit if I bought land in Narre Warren 5 years ago for $90k, I could have sold that for $500k now!

House prices in outer suburbs are going to be the ones that grow fastest percentage wise.
Click to expand...

thats abit optimistic yer?... if it was a multi dwelling block maybe but if it was a single dwelling i couldnt imagine it going up that much.. in 5 years.. thats like 500% increase just on land value?..

i was looking at buying land, but there is no point just buying vacant land cos your not getting any sort of returns on it, your waiting for it to go up, by the time it does appreciate you would lose out on it.

however buying a house on a dual dwelling (STCA) block is the go... definately hard to find in a good price range now cos everyone is looking out for that quick buck!

im finding now adays when your putting offers in on a place your always losing out to someone who is willing to sign away on an unconditional offer... cash is king and cash does talk..... so not cool :(

Jon
 
Land is what increases in value, not the building on it.

I remember when the boom began, my Aunt bought about 8 blocks in QLD for something like 50k each. Then a shopping centre needed those blocks to build, she sold them for something like 250k each. Sometimes you just have to be lucky!
 
bazeng said:
Land is what increases in value, not the building on it.

I remember when the boom began, my Aunt bought about 8 blocks in QLD for something like 50k each. Then a shopping centre needed those blocks to build, she sold them for something like 250k each. Sometimes you just have to be lucky!
Click to expand...

that is correct, land will appreciate in value but it will not rapidly appreciate like that without a dwelling on it! even a crappy dwelling would b worth something!

anyways in regards to QLD yer that is hektik! bak in like 2003/2004 when i was living there i was looking at buying a house for like 80k on a massive block.. then in like 2006 they all went boom... wow.. wish i did buy.. oh wells lolz..

but yer sounds like your auntie got lucky!!! good to beable to afford to buy houses near each other tho.. makes multi dwelling opportunities come to life!

Jon

PS: hows ur house going baz? u guys renovated it yet? sounds like ur too busy with cars :p
 
My house is going very slowly mate.
Slab is down, drawings / permits / engineering all done.

Just getting a builder to take over otherwise it'll take as long as the Galant to build!! LOL
The Mrs wants the house ASAP so no more owner builder for me! It's pretty much a full time job to oversee!

Btw, we decided to knock down and re-erect the house. The old stuff was in pretty poor condition and since we plan on living there for a long time, we want it to be nice.

Slowly!

How is yours?

Perth is nice. Investment there would be good!
 
bazeng said:
My house is going very slowly mate.
Slab is down, drawings / permits / engineering all done.

Just getting a builder to take over otherwise it'll take as long as the Galant to build!! LOL
The Mrs wants the house ASAP so no more owner builder for me! It's pretty much a full time job to oversee!

Btw, we decided to knock down and re-erect the house. The old stuff was in pretty poor condition and since we plan on living there for a long time, we want it to be nice.

Slowly!

How is yours?

Perth is nice. Investment there would be good!
Click to expand...

LOL i was reading that and then thinkign u were renovating but that sounded like u knocked it down! lolz then i read you did.. probably better to knock it down and start from scratch then to try fix something that is going to be problems later on in the future.

Mine is ok.. i got a permit for a carport out the front and built it.. so got all the paperwork for the subdivision/dual dwellings etc going but unsure when im going to submit to council... Currently ive got it leased out for another 9 months i think so i guess in 6 months ill have a better idea of what i want to do.. Looking for another house to buy but prices r just ridiculous now... which i guess is good if ur in the market but not good if ur looking for ur first place! Anyways im living with my sister and Chhay at the moment so pretty cruisey!

Jon
 
We've got it lucky here in Australia for housing investment.
Negatively geared property losses are claimable for taxation purposes whereas in alot of countries they arent!
Therefore depending on your particular circumstances, this loss can be offset against other income which can lead to great tax savings, where at the same time, you're paying off your property, which is also appreciating in capital!
Interesting things to think about.
 
Dean said:
We've got it lucky here in Australia for housing investment.
Negatively geared property losses are claimable for taxation purposes whereas in alot of countries they arent!
Therefore depending on your particular circumstances, this loss can be offset against other income which can lead to great tax savings, where at the same time, you're paying off your property, which is also appreciating in capital!
Interesting things to think about.
Click to expand...

My personal favourite is the depreciation schedule u can have on recently constructed/renovated homes :thumbsup:

Jon
 

Similar threads

M
Badges
Replies
0
Views
1K
Maso_
M
EVO-00X
EVO4 Front Bar, bonnet and rear bar/skirt for CE Lancer sedan
Replies
0
Views
949
EVO-00X
EVO-00X
H
Climate control unit
Replies
1
Views
832
Hypo
H
B
JDM E952 bin file info
Replies
1
Views
2K
vr401
vr401
I
Mount gambier
Replies
3
Views
646
Ian91
I

Latest posts

Back
Top