these guys have been out on a limb for quite some time. they have a vested interest into talking up their forecasts to prove their credibility. see http://www.smh.com.au/articles/2003/08/25/1061663735507.html?from=storyrhs

the projected interest rates of 10% still seem extreme and we are only 6 months away from…[Read more]

I was reading this morning that in the event the Yuan is revalued, the AUD is likely to rise in sympathy with other asian currencies against the USD. Others believe our economy is built on a house of cards (read some of the postings by dmichie) and we are set for a fall. either way, the market is driven largely by sentiment and will be afected by…[Read more]

no breaking news or anything, just commenting that in a 2 line summary you have completely shot down the philosophy of his company (i.e. buy 10 of their properties, watch them double every 7 years, redraw equity and live happily ever after)

http://www.megainvestments.com.au

John Carroll

so if I am an idiot and pay $350k does that set the true value as well?

http://www.megainvestments.com.au

John Carroll

the biggest thing about property is its illiquid nature. you need cashflow to fund it and never underestimate the importance of that. Selling property in a hurry is like being a lamb to the slaughter (and the banks will be the first ones to load you onto the truck!)

http://www.megainvestments.com.au

John Carroll

I would be happier if they renamed themselves “IC Real Estate” or “IC Property Marketing” as at least people would know what they are dealing with. I often speak to people that think that the IC is a non profit organisation! (in fact I have even had a Support Memebr tell me that and I think they believed it)

http://www.megainvestments.com.au

John Carroll

you could always hedge it of course.

I remember about 10 years ago back in the UK, everyone thought it was a great idea to set their mortgages up in continental currencies with low rates. then the currency moved against them and they lost their house with all the ramifications that followed…

http://www.megainvestments.com.au

John Carroll

in summary though, the answer is no.

for all tax questions, my attitude is just assume the worst. Whenever I think I can see a loop hole, it has inevitably been spotted by much cleverer people many moons ago and well and truly shut by our good friends at the ATO!

http://www.megainvestments.com.au

John Carroll

Kevin Young is not happy!

http://www.megainvestments.com.au

John Carroll

when the market is running as hot as it is now you can’t afford to get your finance approval first, in fact in any market iti is risky if you realy want the property… just secure the deal then try your best to get finance. The agent needs to work in the interests of the vendor and – hopefully – did what they felt was right at the time. Whilst…[Read more]

but the reason it was introduced was to capture this income – so why the heck cut it back?! either it should be taxed or it shouldn’t. as for encouraging investing etc… cut my income tax rate to nil and I will invest for retirment!

http://www.megainvestments.com.au

John Carroll

it’s a fair call Kay – the promotion of the Karratha properties was written up when the price was looking closer to $350k. of course it all comes down to gearing but when you run all the numbers thru a calculator, $650/wk on $425k will be negative unless you put in a lot of equity. Unfortunately I can’t control the market and prices, like…[Read more]

the CGT discount distorts the market. my sister just wrote a research paper on this very topic actually. abolishing it after 15 years would just be another gravy train for a few.

when you consider that CGT was brought in to create equity of taxation between all income classes, it woul dbe a mockery to turn around and say that the guy who has held…[Read more]

there you go, I have taken the spiel off

http://www.megainvestments.com.au

John Carroll

already done….

still can’t figure out how they get away with being called a ‘club’ as it really is quite deceptive. There must be a clever structure in place as I know all sorts of government departments have been thru them. The only thing they could ping them for was the ‘no tenant no problem’ guarantee which I think was a breach of the TPA or something like that.

now THAT is an ad!!! [biggrin]

actually I am not interested in advertising on here at all and attend here purely out of interest, so I shall remove my web link in a minute.

http://www.megainvestments.com.au

Extensive list of ‘Off The Plan’ property available for sale in Perth.

John – 0419 198 856

comes back to ying and yang – we need balance!

http://www.megainvestments.com.au

Extensive list of ‘Off The Plan’ property available for sale in Perth.

John – 0419 198 856

but you are right – it will rely on the substantial depreciation benefits and the high rents – $650 per week it is based on

http://www.megainvestments.com.au

Extensive list of ‘Off The Plan’ property available for sale in Perth.

John – 0419 198 856

ooh – this is a bit close to advertising. good question tho, I will put together a year 1 financial summary (not allowed to do projection these days!) and post it on the Project Info page.

http://www.megainvestments.com.au

Extensive list of ‘Off The Plan’ property available for sale in Perth.

John – 0419 198 856