No land tax in NZ either.

Everywhere except NT in Australia does – to various limits.

There’s a master page at the ATO that can link you off to the appropriate Offices of State Revenue for details.

Cheers,

Aceyducey

Don’t forget the most important question…will someone finance it for you?

You can cut down the list of small places to research dramatically by excluding all the towns where you cannot easily get finance…though it’s always possible to work through a local bank branch – if there is one.

Cheers,

Aceyducey

Hey all,

There’s already a property investors group that meets monthly in Canberra and has done for several years.

In fact we had a decent sized gathering last Sunday to play Cashflow. In March we had a speaker talking about the Queensland market & next month we have a dinner planned (date to be confirmed).

We tend to get up to around 50 people to a meeting, depending on the content – for the last cashflow game we had about 20 people, to last month’s presentation we had 50.

We alternate meetings South and North to permit as many people as possible to attend.

Note this is a group organised by volunteers (who are investors) for property investors – it’s not like Wise or other groups organised to sell you something.

We’re a very social group & always welcome new people.

If you want to be on the mailing list for events contact Ed Nixon ([email protected]).

Either Ed or I will put an announcement of the next meeting (the dinner) with all details on this forum in the next two weeks.

This doesn’t mean that PI people shouldn’t organise their own group however!

Can whoever ends up volunteering to run the gatherings please email Ed or message me so we can co-ordinate the events for both groups to give people an opportunity to attend both gatherings

Cheers,

Aceyducey

NickCom,

Here’s some arguments:

Unpredictable events such as terrorist activity, natural disasters & other abrupt shifts – whether social, economic, political, ethical or otherwise mean that predictions of economic indicators are not useful beyond a few months into the future.

The way inflation and other economic indicators are measured is modified regularly by governments to present the best face on the figures. As such distilling past figures into trends is fallacious as the measurement of the indicator is constantly varying. Equally you cannot reliably use this information to map future trends.

Hope this helps

Cheers,

Aceyducey

Wrappack,

Note that you cannot claim the FHOG on the investment property however.

In the legislation you must be occupying the house as your PPOR for a set period of time.

This doesn’t stop you from buying a house & granny flat (on one title) – living in the flat & renting out the house though

Cheers,

Aceyducey

u2jam,

Do you believe a consensus on an internet forum will move the market?

From my experience forum consensuses are correct approximately 50% of the time….they’re not even wrong often enough to make going the opposite way worthwhile!

Better to look at the evidence & make your own mind up!

And different markets across NSW will behave differently.

Cheers,

Aceyducey

It’s pretty simple.

You take out a LOC over property somewhere in the world….Then that cash is YOURS to do with as you please!

If you choose to use it to invest in O/S assets, the things to watch out for are the legal implications, not the lending ones!

If you want to cross-collateralise assets in different countries – that’s an entirely different story!!!

Cheers,

Aceyducey

Hmm – so what does this mean:

1) There needs to be bad guys for there to be good guys….well maybe. If everyone was ‘good’ whatever that was, you couldn’t define it!

2) Judas should be worshipped as a Saint for showing christians the true path to god rather than cast down in ignobility.

3) There’s no such thing as free will – so what you do doesn’t matter because you’re not responsible for your actions, they’re planned by god.

Bringing this back to property – or at least investments – knowing more than the other party is a key point in many negotiations. If you know you can redevelop the land for a profit then you don’t tell the seller about this.

Is this unfair advantage? Not if the seller can find out the same info but doesn’t bother.

Cheers,

Aceyducey

Don’t worry she won’t last long

It’s a little known fact that the most successful real estate agents are those that leave the buyer & the seller happy in the majority of cases…Because they get referrals & repeat business.

Service is the key, not pressure.

Time will tell.

Cheers,

Aceyducey

Dallas,

I don’t think that ‘everyone’ is correct – but keep up the honesty!

Cheers,

Aceyducey