no probs Mini, I look forward to many more spirited discussions!

Canadians also say “eh” I think… maybe just in some regions. a strange shared trait.

http://www.megainvestments.com.au

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

John – 0419 198 856

calm down Mini – I didn’t seriously consider a trust in Bologivia (which isn’t even a country!) to be a serious option. Apologies for the accusation of tax dodging – my discussions with friends are frank enough to realise that minimisation and dodge is a fine line and perhaps I was a bit casual in this regard. If you didn’t want to take it…[Read more]

Michael – even at 80% retail I suspect your properties are still quite neagtive…. are you saying you refinance your other properties to cover your annual shortfall? The stamp duty and loan application fees would be huge wouldn’t they?

http://www.megainvestments.com.au

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

John -…[Read more]

Jayzac – I cannot see how you could build in the Anchorage now for $220k. The blocks (in the unlikely event you could actually get one) are $120-$130k.

http://www.megainvestments.com.au

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

John – 0419 198 856

good grief MiniMogul… the effort you put into tax dodging must be mind boggling!

I am not a tax accountant nor a lawyer but from my limited studies pretty much any angle you look at has been thought of before and the door slammed firmly shut. And if it isn’t shut now it can be shut retrospectively. You’ve certainly got some guts to go down this…[Read more]

am not sure if it is true or not… a girl I use to know worked for Visa… she said it was a non profit association that was set up by the banks. as it was non profit yet they clearing accumulated a heap of money, they had to get rid of it somehow. She found herself on some incredible junkets (they sponsored the olympics, so there were meet and…[Read more]

all I am trying to say there Mini is that the way the tax system works means that a trader is taxed more than twice as much as an investor, therefore logically a trader needs to produce more than twice as much profit as an ivestor to have the same net profit. Unfortunately that’s a cold hard fact, so when crossing over from being an investor to a…[Read more]

it may well be true, but Hegneys have been saying this for some time yet the releases are still to catch up. trying to get titles is still generally a 4 to 6 month wait.

http://www.megainvestments.com.au

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

John – 0419 198 856

12 months would be if everything went well (tho you may strike it lucky and do it in less) – allow up to 18 months just in case. the skills and materials shortage will only get worse as well.

http://www.megainvestments.com.au

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

John – 0419 198 856

in WA I think you cannot sell an owner built house within 6 years of construction – something like that. In all reality it is unlikely you will be able to save money over the rates that the large project builders are getting anyway.

http://www.megainvestments.com.au

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

John – 0419 198 856

“I am inexperienced with development, but I am very experienced with contracts, so much so that I could see the holes in the contract I was prepared to sign and ripped it up and wrote a much better one – which the contractor readily accepted as he could see it was far superior – not just for him but for me. It was also about 8 pages long instead…[Read more]

I don’t see the role of government to be telling me how much I should or shouldn’t spend. You must give some credit to people to be able to manage their finances. Otherwise we could have inspectors from the government going around door knocking and making decisions as to whether you have been a bad boy and need to return the new plasma. I wonder…[Read more]

I don’t think years and years of excellent leading economic growth can be dismissed as a bubble. Hopefully with the control that is at their fingertips they will have the iclination to push on with reforms such as tax reform to boost the economy further. Skilled migration is another area… throw the doors open and get this country…[Read more]

arbitragers play an important role in any market. if you believe you can grab something below market value then go for it… you just need to be sure you do indeed have a better use for the asset than the person that is selling it! I would have a guess that a lot of the ex-Henry Kaye stock was probably never worth what it was sold for – so to buy…[Read more]

I dont think they are that interesting. I foresee a very dull period of the market (overall) moving sideways, which means it will require greater skill by the investor to make a deal work for them.

As has been mentioned before – talk of a ‘property market’ suggests that property is a homogenised product, which couldn’t be further from the truth.…[Read more]

what would 53% of the median house price in 1989 work out to be? you must be looking for about an 80% fall within 5 years? however I take the point that you weren’t originally endorsing it.

http://www.megainvestments.com.au

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

John – 0419 198 856

it would have been interesting to hear the Commsec presentation that went with those slides… what on earth was that random prediction from 1989 thrown in there? he sure got it wrong!

http://www.megainvestments.com.au

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

John – 0419 198 856

not sure what you mean? everyone is panicking about interest rates going to double digits, yet it’s looking like the economy can’t withstand it and even the latest is questionable. If this is it for rate rises Iwould say that is good news.

talk of a property collapse – I believe – is fanciful. But always expect the…[Read more]

those hoping for an interest rate induced property collpase may be disappointed:

Economy hits wall as RBA raises rates
Mar 02 11:52
Feedback Jim Parker

The Australian economy has eased to its slowest pace in four years, eclipsing already gloomy market forecasts and raising the question of whether the Reserve Bank’s anticipated interest rate…[Read more]

if you want to gauge the market, pretend to be a tenant and go look at some of the rentals on offer – from what I have heard it is very ordinary out there

http://www.megainvestments.com.au

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

John – 0419 198 856