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ANUBIS
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@anubis
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Post Count: 559
February 5, 2004 - 1:33 am
http://www.propertyguide.com.au for regional areas
ANUBIS
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@anubis
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February 4, 2004 - 4:38 am
Exterminate, exterminate!
ANUBIS
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@anubis
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Post Count: 559
February 4, 2004 - 4:36 am
Chan$ – I would say one qualifies you. Although I can say I invest in the Food and Beverage Industry (I eat lunch each day)
ANUBIS
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@anubis
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February 4, 2004 - 4:31 am
Depreciation starts with the life of an asset and the value declines until it is zero. When you purchase in depreciable asset you don’t get to depreciate replacement cost – only attributed cost when purchased.
If most depreciable items have been depreciated to almost zero you would need to replace them to start again (big cost for the sake of tax benefit).
ANUBIS
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@anubis
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February 4, 2004 - 4:27 am
$1 mill in controlled property value is the MAP target I believe.
ANUBIS
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@anubis
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February 3, 2004 - 11:58 pm
AD,
These deals can be set up by purchasing a group of mobiles and “arranging” bonus options like yes time or my hour to cover 24 hr periods then forwarding a mass of calls through these numbers. The Mobile company gets no revenue (free calls) but has to pay terminating charges to other networks. THey see the pattern which breaches fair use policy and go for the throat.
VoIP (Voice over IP) is going to be huge – it damaged the long distance call industry in the US badly in some areas – they have a very fractured system with regional operators, like having a different telco for each state here. Skype looks very interesting, and the big guys aren’t standing around waiting they want to have a piece of the pie if it is going to eat into current revenues.
The calling cards can be the way to go, even Telstra sells them at low rates (probably under a sub brand) just to have a slice of the market.
ANUBIS
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@anubis
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Post Count: 559
February 3, 2004 - 11:38 pm
Net worth greater than 1 mill
Assets minus liabilities = $1 million
Mind you that isn’t as hard if you had invested in Sydney 3 years ago []
ANUBIS
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@anubis
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Post Count: 559
February 3, 2004 - 4:59 am
Hi AD,
Seems very similar to schemes the big telco’s have stamped out in the past, and continue to pursue legally. My sources tell me this one may already be under “consideration”.
Cheers
A
ANUBIS
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@anubis
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Post Count: 559
January 28, 2004 - 11:43 pm
Reducing the tax you pay legally is fine, but that doesn’t really impact your HECS repayment requirements. Nuetral gearing is great, but it won’t really impact your mandatory repayments as you add rental income AND rental losses.
I speak from experience having a PELS debt, +ve geared props, -ve geared props, neutral props, and FBT amounts. My repayments were not reduced even though my final taxable income was reduced. The ATO just takes more out of your potential refund or hits you with a bill if your refund doesn’t cover it.
ANUBIS
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@anubis
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Post Count: 559
January 28, 2004 - 6:41 am
HECS repayment income
Your HECS repayment income is:
your taxable income for an income year,
plus any amount your taxable income has been reduced by a net rental loss,
plus your total reportable fringe benefits amounts shown on your pay as you go (PAYG) payment summary.
ANUBIS
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@anubis
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January 28, 2004 - 6:10 am
SIS,
This sounds good in theory but HECS liability is not reduced by any deductions or offsets from property investing. You have income from your job, plus all the rental income – equals total income, which is what your HECS repayments are calculated upon.
I think that either your accountant isn’t very good or you talk a good game.
ANUBIS
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@anubis
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Post Count: 559
January 27, 2004 - 11:33 pm
snigger, snigger.
Nice work PG
ANUBIS
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@anubis
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January 27, 2004 - 11:29 pm
try http://www.wan.tv/stuff
ANUBIS
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@anubis
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January 27, 2004 - 11:21 pm
Hi Eskimow007,
I have to disagree with the bear on this one. Burnie is a dump! To me it has very little going for it, and isn’t an attractive place in any way. I lived in Tasmania for most of my life, and no-one moves to Burnie, they are born there and stay, or born there and leave.
If you are keen to buy a block of land, focus less on where you get the cheapest blocks (there is usually a reason for this) and where you get the best value for your dollar.
Nick
ANUBIS
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@anubis
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January 26, 2004 - 11:09 pm
Hi Stingray – I wouldn’t say that the prices are all that low (comparably) in Tasmania any longer. Most areas have almost doubled in price, forcing rental yields down to around 5% on average if you purchased now.
Rent has traditionally been much higher in Tasmania – it has tended to increase steadily but capital growth has been slow or non existent. In the past two years this has all changed, and capital growth has been enormous no matter how bad the area, but rental growth has stopped.
Like any area in the world, do your homework. If an area (or state in this case) seems cheap, it’s all relative. Buying a house for $100k doesn’t automatically make it a bargain or a great investment.
Good luck
Nick
ANUBIS
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@anubis
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Post Count: 559
January 22, 2004 - 2:26 am
323.5!!!!!!!!!!!
ANUBIS
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@anubis
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January 22, 2004 - 2:19 am
I love it!!!
323.4 – so close
ANUBIS
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@anubis
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Post Count: 559
January 22, 2004 - 2:04 am
My understanding is that the cost to find the property are NOT claimable. Visits back to inspect the property you own can be partially or fully claimable providing that is the sole purpose of travel.
A.
ANUBIS
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@anubis
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Post Count: 559
January 21, 2004 - 11:05 pm
Personally I wouldn’t go below 30,000+ town/city size for investing. Anything less and the pool of renters tends to be a little small and with the amount of people searching out +ve cashflow props, ie cheap properties from small towns, the rental market can be cutthroat.
ANUBIS
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@anubis
Join Date: 2003
Post Count: 559
January 21, 2004 - 3:12 am
Personally I think it’s a bit backwards to buy the best house in the worst street. You will make less gains than peeople buying worse houses. Buying the worst house in the best street makes a lot more sense to me.