Forum Replies Created
- kong71286 wrote:Personally I would prefer to make money, rather than lose money and save tax (in the hope that the property will increase in value)
Kong
[/quoteUnless your making too much money and are a filthy rich mining magnate go PG. Or at least neutral. You should never invest for tax reasons. Tax should be ancillary to your decision not the primary motivator.
Hi WI. I live in Perth. I think you and Freckle may be right. On Friday the proposed property manage said “the downturn in 2 years may not be that bad. In any investment you have to take the good with the ups and downs .” After the WA TODAY article about the property bust and other articles I have read my wife last night demanded we pill out. Talk about a close call! I think the RE company are going to be angry though. I don’t like messing people around. Still, my family cones first. Cheers
Hi Freckle. I needed to post the contract front Page with two initials today. Holding off to Monday. Got a 1×1 in Lovell Pl Sth Hedland on hold. 630k to settle. Do you think it will drop in value in 2 years? The loan is approved and if I cancel the deal. What do you suggest I do with the money. I can’t afford to negative gear another property. I have 3 rentals a home and I’m supporting a family. Cheers. Ps. I don’t touch shares. Lost 80k in the gfc.
Sorry for typos. Using a phone
I bought one. And yes it’s a risk. Things to cobsider. 1. They are being snapped up. Mine won’t be finished until April. 2.billions are being invested. Projects are on hold due to lack of staff and executive accommodation. It’s a growing city. The rusks are land releases for locals only. But they will build houses mot units and must live in them. In 10 years there may be so many houses prices and rent may fall. But building a house is not cheap. 5k a square metre. I think it’s worth the risk. But do your research as it may not be right for you. Good luck!
