A further year has passed, and what a year.   Early projections made when Covid first hit were saying that housing values would fall.  And I can see why that was said:-

1.  With immigration stone dead due to covid, no new housing for them would be required.   Also, businesses and jobs were affected massively – the Fed Govt had to shore up the fi…[Read more]

A further year has passed, and what a year.   Early projections made when Covid first hit were saying that housing values would fall.  And I can see why that was said:-

1.  With immigration stone dead due to covid, no new housing for them would be required.   Also, businesses and jobs were affected massively – the Fed Govt had to shore up the fi…[Read more]

With two more years having passed, I thought it worthwhile updating you all with some hopeful news.  Again, as a retiree I don’t travel so much as in the past – typically a tank of petrol will do me for a week or so.  Any of you who HAVE to fill more regularly may not see the same benefits.  But here’s my summary as of Dec 31 of 2021:-

I live in…[Read more]

At last – it seems some common sense might have forced its way to the front.  Following days (weeks?) of stupidly long lines of cars as people flock to get PCR tests, yesterday’s National Cabinet meeting seems to have found some common ground.  Hallelujah !!   Seems most States are now in line, or soon will be, with the new definitions that Omicr…[Read more]

At last – it seems some common sense might have forced its way to the front.  Following days of stupidly long lines of cars as people flock to get PCR tests, yesterday’s National Cabinet meeting seems to have found some common ground.  Hallelujah !!   Seems most States are now in line, or soon to be, with the new definitions that Omicron has broug…[Read more]

Hi Steven,

A good thoughtful post – well done.  I agree with everything, and readers can add another point that comes into play too – the fact that if a tenant left, with a $2M property, you have lost 100% of your income (likely with a mortgage still to pay).  But with 4 x $500k IPs, losing a tenant means a 25% drop in your income instead of 1…[Read more]

I feel & hear civil unrest building which could explode at any time.

Hmm, even our Parliaments have more than their share of “civil unrest” right now.  The division we are facing seems to be across the board.  Is this how the West finally crumbles?   They say “Divide and conquer”, and I haven’t seen such division within our country in dec…[Read more]

Two years on and things keep changing – and also staying the same (with thanks to Jean-Baptiste Karr) around the subject of Climate Change.  The “world” is right now meeting for a gabfest in Copenhagen around the subject of CO2 emissions and setting goals to reduce our emissions to zero (if that is even remotely possible).

Meanwhile, some c…[Read more]

Two years on and things keep changing – and also staying the same (with thanks to Jean-Baptiste Karr) around the subject of Climate Change.  The “world” is right now meeting for a gabfest in Copenhagen around the subject of CO2 emissions and setting goals to reduce our emissions to zero (if that is even remotely possible).

Meanwhile, some c…[Read more]

Hi Travis,

As Terry has pointed out, there are many things to consider in such a move (i.e. keeping the old PPOR as a rental).  For sure it can be done, but is it advantageous to do it?  Or is it more advantageous to sell with NO CGT to pay, so you can put all (or some?) of that freed-up cash down as a deposit on the new home?  Again, there ar…[Read more]

Hi Travis,

As Terry has pointed out, there are many things to consider in such a move (i.e. keeping the old PPOR as a rental).  For sure it can be done, but is it advantageous to do it?  Or is it more advantageous to sell with NO CGT to pay, so you can put all (or some?) of that freed-up cash down as a deposit on the new home?  Again, there ar…[Read more]

Hi Tony,

I really like the first two, and the third is an extra lift with the humour.   Good stuff.

Benny

After 18 months of pain, it seems several State Govts are getting serious about the economy, small business and family welfare once more – i.e. they are saying “It’s time to open up again”.   Sounds good, except for what seems like being a kind of apartheid that may be coming – i.e. that all those who haven’t decided to get vaccinated will b…[Read more]

Sure thing – google the Office of State Revenue in Qld and all should be revealed.   Your accountant should still be a good path too though, in case you don’t read far enough !!  ;)

Further to NM95’s comment, do consider that different states may well have different laws.

e.g. for Qld, a trust has a $350k allowance before Land Tax is charged, while (according to nm95 above) NSW seems to have no allowance.

Why not ask that same accountant to spell out for you exactly what applies in your state for your Trust (if you went…[Read more]

Hi propertyboy,

 I have an option of buying another 2-4% yielding investment IP in melb/syd then being capped on borrowing capacity (income cap hit – got lots of equity)

Back in my earlier days (maybe 20 years ago) a Mortgage Broker of the day told me “If you have enough Equity, income (or DSR) is not a problem.”   At that time I didn’t have Equ…[Read more]

Hi propertyboy,

 I have an option of buying another 2-4% yielding investment IP in melb/syd then being capped on borrowing capacity (income cap hit – got lots of equity)

Back in my earlier days (maybe 20 years ago) a Mortgage Broker of the day told me “If you have enough Equity, Income (or DSR) is not a problem.”   At that time I didn’t have Equ…[Read more]

I’m kinda surprised that nobody has needed to reply, to add more info, to disagree, or to have a rant of their own.  No worries though – we are all where we are, with decisions to make, and the goalposts seem to keep on changing.  Good luck with YOUR operation amongst all of the various Govts’ irrationality going on.

Just a week or so back, I he…[Read more]