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January 28, 2004 - 9:44 am
Sorry, but I cannot help but think that is immoral, and goes against the spirit of the ‘leg up’. [V]
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January 28, 2004 - 7:12 am
In regard to KP, how many thousands of people does his companies/ businesses etc. employ that are paying tax ?
I dont think your anology is credible, as I for one dont begrudge him paying minimal tax because of the above.
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January 28, 2004 - 5:45 am
Maybe this is the reason I pay so much in tax [!]
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January 27, 2004 - 10:52 pm
There are consistantly over 100 rental properties available, of which 99% are in town.
Investors are buying here for neg. gearing predominantly.(now days)
I have seen good rental prospects (price-location) with a sign out the front for over 2 months.
A large REA in town has recently written letters to landlords with vacant property to advise them that rental *decreases* should be seriously considered. The same crowd have recently implemented open houses for rental properties, this is unprecedented in Dubbo, read into this what you will.
Large investors from Sydney were/ are snapping up everything in a particular price range and area of town, driving prices up even further.
I have talked about this before, do a search.
TeacherK6 the population is probably closer to 50,000 the council really should change that sign.
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January 25, 2004 - 10:59 pm
>>Our strategy is to B&H, but the voume of listing and some of the prices (eg: 3 brm, tidy house, average size block 2kms from “CBD”$ 65–85K with rental @ $140 /pw)
You should refresh your browser, there prices from 10 years ago []
Oh you mean that place in ****** Drive, be afraid, be very afraid, no be petried, I think you get my drift, but alas someone will buy it, and have many sleepless nights.
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January 22, 2004 - 2:26 am
Anubis, I disagree strongly, I can name 10 smallish towns around here that unless you can find a place privately ‘you have got a snow flakes chance in hell’ of finding something to rent. Its cut throat allright to GET something to rent!
In my city (50000) there is always around a hundred vacancies advertised every week, and the prices to buy ‘anything’ are nothing short of ridiculus. (thanks largely due to large investors) WHY would you bother?
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January 19, 2004 - 11:07 am
Ive been watching this thread with amused interest and I now feel that my initial thoughts on this crowd were spot on. refer to this thread when it was discussed months ago.
https://www.propertyinvesting.com/forum/topic.asp?TOPIC_ID=3436&SearchTerms=country
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December 17, 2003 - 11:30 pm
In my opinion you missed this boat, for large capital gains, ie. if you buy know your buying at the near top of the wave.
To be brutally honest get your finances in order, and see how things look after your partner has been posted and working for a while, because that should put you in a better position to take advantage of property in a declining instead of rising market.
Another tip desperate people get ripped off, so take a deep breathe and relax.[]
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December 17, 2003 - 11:14 pm
>If the house sells at this price of 125K, then if the market pays it, that is market price.
I would change the term “market” to desperate or uninformed.
I doubt wether Forbes has had an ‘undervalued’ property for about two years, its been well and truley picked over.
From a country point of view, if city people are all cashed up and desperate to buy anything (possibly) site unseen well they can cope the future consequences !
Who said country people are stoopib []
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December 13, 2003 - 2:49 am
>Underground is Coober Pedy. Lightning Ridge is a little damper and to live underground would lead to pneumonia so I was told.
Not to mention cave-ins which are regular after heavy rain. Not sure about the pneumonia, if you were fit and healthy.
Opal prices have fallen steadily for some time now and since opal was the main reason for the ridge to exist the town is not as prosperous as it was in its hey day, thats not to say money isnt being made there still. I think you will find this is evidenced by the half built diving tower, as the community was funding it.
Last time I was working there (Oct) I had a look at some places, but when I spoke to my lender (st george) they turned white with fear, thats after throwing money at me for properties closer to home. So I decided to be guided by their (obviously) bad previous experiences.
Also a work colleague who is born and bred in the ridge earning approx $90k (extremely stable employment) couldnt get a mortage broker to touch him on a PPOR which was $120K about 2 months ago.
(I know his financial history and it is sound)
Rental supply and demand will remain relatively strong due the very high cost to build houses that far from a major center.
Lightning Ridge will not die but I believe that it has reached its peak, and will only plateau now. I base this statement on the fact that all nesssary infrastructure is in place (apart from a big opal tourist theme park their trying/going to build) that the ridge will need.
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December 8, 2003 - 12:13 am
Tracey, maybe you could put up a list of terms your not familiar with and someone will explain, or you could search thru archives.
BC
[] (periorbital ecchymosis)
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October 27, 2003 - 10:06 am
>>If he wins it will be because he has more friends prepared to SMS his name!
>therefore i think the viewers at home will decide, all entrants will have campaigns of friends sms-ing equally, wouldn’t they???
This is the point I was trying to make, the entrant who has MORE friends, and as far as the viewers at home, I thought that only their friends/ family would bother watching it []
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October 27, 2003 - 6:23 am
>I just don’t think Shannon has enough vocal talent to really cut it. if he wins it will be about looks, not talent
If he wins it will be because he has more friends prepared to SMS his name!
Cold hard fact.
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October 22, 2003 - 11:25 pm
>While on the subject, is $550.00 a normal type of price to pay for a valuation.
I think that is grossly overpriced, I recently paid $230 and via my bank (stg) they charge $185.
I would have thought for $550 he should have let you put your own price down, because I dont think he has morals anyway!
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October 21, 2003 - 11:07 pm
Many of my doctors choose to structure this way.’
You mush be very sick to need many doctors, I would also be concerned that they are worried about litigation, you better check their credentials, OH you meant that many of your clients are Drs [] (if not get well soon [] )
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October 21, 2003 - 10:57 pm
Mortgage Hunter, do you have an opinion or knowledge on the cost of changing to tenants in common as opposed to removing name altogether?
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October 21, 2003 - 10:41 pm
I’m know someone smarter than me will give a definitive answer but until such time, my understanding is that there is two ways to complete a contract, one is as normally as wife and husband (joint tenants) or as partners ie.
friends, family etc but also as wife and husband, (tenants in common) the advantage of this is it allows you to assign a percentage ratio of ownership. Hence both names appear on the contract but you can get the associated tax benefits ie. 90 – 10 to whoever is the highest tax payer.
This is how our properties are structured.
This is a very simplistic overview, a more technical one will come along very shortly from a professional I am sure.
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October 21, 2003 - 10:21 pm
What about the cost and difficulty of changing from ‘joint tenants’ to ‘tenants in common’ with a 90% to 10% split (or any combination), maybe this would be a cheaper option for you.
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October 14, 2003 - 10:16 pm
yourguide.com.au
not as many as NSW because VIC is not as important
[^]
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October 13, 2003 - 11:31 am
>I dont feel right paying 25,000 for a piece of tar with two lines down both sides… LOL
But the up keep is cheap, now where did I put that broom and can of degreaser? []
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