you'd sort of imagine that getting the electricity connected in your name might be the most convincing of those eh…  i mean electoral rolls, drivers licences, mail redirected all sound like a waste of time if your planning to only reside there a short time, but who lives in a house without getting the power connected…  :o)

Do the profits have to be distributed every year? its not like they could accumulate for 3 years and then if you were expecting a year when u might have a much reduced income (take a year off etc) choose to distribute profits in that year???or does it have to be distributed every year or automatically taxed at that 46% rate?Mark

Hmm, this is probably something i need to look at more…   a couple of things, how much does it cost to set up such trust?   and can you transfer a house you are about to buy into a trust later or will that incurs fees and stamp duty etc, etc???

I just want to clarify as the couple of places i have read up on this, even on the ATO site to me wasn't quite clear.  If you move in for 6 months and then move out for 6 years is that the only period that you can use the 6 year rule?  Or could u move in for 6 months, rent out for 6 years, move in for 6 months and then rent out again for another 6…[Read more]

Hmm wouldn't u know, the Keystart criteria have just changed and made it harder…   oh well, s**t happens…

I'm often reading these days about how electricity bills in all the states seem to be being hiked 60-70% and if the ETS legislation becomes law that will probably only go up, so how much is electricity going to cost in the future???   I know a lot of people are screaming about how they are going to struggle to pay their electricity bills as it is…[Read more]

Hmmm, i was told i would need a deposit of $25,000 or so on a $300k property and so that was going to take me a longgggg time to build that up with renting and all so had gotten a bit discouraged…  But i live in Perth and found a house and land packager that uses Keystart (http://www.keystart.com.au/key/about-keystart.htm which is a Western Au…[Read more]

I imagine it would also depend on your income and so your applicable marginal tax rate…   I don't know exactly the tax scales off by heart but they are easy enough for you to look up on the ATO website, but if you are in a 30 cents in the dollar marginal tax bracket then if you earn 5% of $30000 = $1500 – 30% tax = $1050…   Obviously if you a…[Read more]

So does that mean the guy (mortgage innovator) in Perth who is good only writes loans for the CBA, while the advice on the post is to try to setup your portfolio with at least a range of lenders?I am starting at the very beginning just buying my first place shortly hopefully, and once i have some equity will be looking for my next place, but…[Read more]

Hmmm, ok i saw this house and land package place and going down to have a look at a block at Bertram and the package i can get in for about $320,000 on a 340 sqm block…   have to decide whether i want a 3 or 4 bed place…  anyone have any thoughts on best configurations for maximising value???    and only needing a $12000 deposit and so will…[Read more]

Jenny, I can't find that WAIP page on facebook, can you provide a link to it?

And spewing i missed that last perth meeting with the lady who does the renovations!!!   Definitely would like to attend the next meeting…Mark

Yes well I would love a $500k place, but on my own its just not feasible at the moment….   I think I am going to have to do it a bit like in the old days where your first house wasn't the one you were going to die in, but after building up up your finances more you move on to the next better house and so on…   or in this case the first one…[Read more]