Negative gearing is a rort that’s unique to Australia and should have been abolished years ago.
(dmichie)

Yes, Qld tried to abolish this a few years ago and it was reinstated within 12 months as it was so detrimental to the state govt.
By the way dmichie, do you realise there are three levels of govt in this country?You speak as if there is only…[Read more]

dmitchie obviously gets a buzz from this forum and ‘ stirring up a hornet’s nest”.
I wish to correct you. NSW has the most property tax than any state government. Land tax has been in the media only recently and yes it affects mostly mum and dad investors – or so the media reports.
But let me put this to you. What about these mum and dad investors…[Read more]

Thanks terryw! I will check these details when I get an accountant… which leads me to my next question…..
Can anyone refer me a good accountant on the Gold Coast? I would also be greatful for referals to mortgage brokers and even financial planners.
This may seem niave of me as I have appeared to achieved through property so far ( due to…[Read more]

I posted my first message on this website today and after browsing through the site, came across this thread and could not believe what I was reading. ( Chill – pill guys, as my sons would sometimes advise me).However, now I feel my steam rising.

For dmitch, you ar delusional in thinking Sydney prices are falling , the prices MAY have plateaued…[Read more]

Thanks Aperry , however, it has not been our PPOR for 15 months now and this is where my question lies…. for what period can you rent your PPOR before it is not deemed PPOR ? I know there is time frame here .
( I am SLOWLY getting used these acronyms!!!)

cmhall[sunny]

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Thanks terryw and dazzling. The predicament is that we may be up for CGT on the Sydney property – but I believe there is a timeframe ( 2years?Can someone clarify?). We have owned this home since 1999. The reason we would like to invest in Qld is that we plan to stay and would like to buy a home here as opposed to renting which we are currently…[Read more]