I was under the impression there were two copies of the certificate of title – the Original and the Duplicate.

The Original is always kept at the Titles Office and you never have access to it. The Original deed never leaves the Titles office.

What you receive if you own your PPoR outright is the ‘Duplicate’…although confusion sets in as…[Read more]

Having just spent the last 10 minutes reading all of the above really intelligent dross, the only thing I can suggest to lift the poor hapless chaps and chapesses in NSW and Vic is for all of the vocal greenies to finally take a back seat and allow some lads to start ferociously drilling and digging some dirty big mines to lift your end up a…[Read more]

Hell of a deal F. Well done.

Any time you want one of those high paying full time research jobs (up to 4 K p.a.) givvus a hoy.[biggrin]

Now how does that Perth list compare with Sydney and Melb….are you guys still ahead ??

Cheers,

Dazzling

“No point having a cake if you can’t eat it.”

Or it could be a little industrial shed where the carpenter has signed up on a secure 5×2 lease where he pays $ 80 p.w. nett plus GST plus all the outgoings on the shed…in which case it is wildly positive. Like 7% plus.

Assumptions are a wonderful thing, but distort the figures dreadfully if slightly out, especially with an example such as…[Read more]

Hi Jensshed,

On first inspection it passes the 11 sec guide….80 p.w. —> 40K.

I reckon your example would eventually look like this ;

Capital

PP = 29K
SD = nothing I believe at this level ??
All other costs to acquire ~ 1K

Cashflow

Loan of 30K
Interest p.a. @ 7% = 2.1 K p.a.
Ownership total outgoings ~ 1 K p.a.
Total cost to hold = 3.1 K…[Read more]

Whenever our group purchases a new title, we get the accountant to set up a new company and new trust to put it in. Costs about 2K.

Hardest thing we find is deciding what the company name and trust are going to be called. It’s pretty tough work, but hey, someone has to do it.

Trust owns the prop and the company is the trustee. We control the…[Read more]

Hey great. Well done for getting through. Bet you had as much fun as we did.

Our group started in Feb ’90. I pulled out at the end of ’91 and jumped across to Petroleum, but the rest of my mates stayed their and finished 4th yr in Nov ’93, so I suppose they all finished a few months before you started.

Yeah, Bairdy the little Maths Lecturer…[Read more]

Fair enough Simon – perhaps it was a little melodramatic but you get my drift.

In terms of ‘boom’ vs ‘today’s’ market…what’s the difference ?? Depends where you are sitting surely ??

Over in Perth it’s steady steady as she goes. We didn’t enjoy the dizzy heights and party time that you chaps had in ’02 and ’03, but then we aren’t suffering…[Read more]

Unlike Suds, my expectations w.r.t. vehicle type have been completed filled. I suspected this forum would of attracted middle of the road type people, trying to improve their lot in life via two major means, investing and practicing frugality in their discretionary spending.

What’s the difference between frugality and stingy ??

Good on you…[Read more]

make sure you write subject to finance and costs related to the purchase so you have a security blanket to get out if needs be.

Absolutely, as well as the other 7 or 8 really tricky little ‘get out’ clauses that you’ve picked up at the latest property seminar. Load the offer up with as many ‘get out’ clauses as you can possibly think of. Gotta…[Read more]

The Darwin market is interesting like that. Land is very cheap here, but building a house is extraordinarly expensive

OK…so how do you interpret the market will perform in the next 5 years given that ?? I know nothing of Darwin, but I imagine the old ‘land appreciates – buildings depreciate’ still holds true ??

I imagine the price of the…[Read more]

Hey Cabo Wabo,

Off your specific topic…but anyway…

Couldn’t help but notice that you are currently in WA and are a Mining Engineer. Did you go thru WASM in Kal ?? If so – what year ??

You don’t by any chance know any of the following people (Wuss, Junky, Yuk, Corby, Patto, Flan, or Bubba). God knows if any of them are still in the…[Read more]

Cheers mate.

Hey Redwing….shhhhh…try and keep the good thing we’ve got going over here in Perth under your hat…don’t go telling our secret to those people living in West NZ and southern PNG. [biggrin]

Based on the published figures and increased equity, might be time to trundle back to the Bank for another loan…whaddayareckon…[Read more]

Hi Scarlett,

If you want my advice I would seek out independent professional advice from your accountant. That way, you’ll be sure of getting unbiased, professional correct advice.

Hang on….I’m not an accountant so I couldn’t possibly give that advice….scrub all that.

Just wait ’til the tenants call up and ask for you to change their tap…[Read more]

Adam,

The income side of things seems OK, especially if you can secure one of those 10 yr leases.

My only concern would be the capital growth of such a property. Land value being only 24% (120/500) I would expect that the place might take a fairly large dip for a few years.

You might find in 5 years time the figures might look like…[Read more]

I’d suggest that, similar to the common saying “your expenses will rise to meet your income” your personal definition of “wealthy” is actually a moving target – depending on your station in life. Peoples perception of everything is always relative compared to what they know in their little world.

Having been exposed to the Sultan of Brunei and…[Read more]

Originally posted by landt64:
I can’t believe it.

With residential tenants – I certainly can. We put up with it for years…but no more.

Take comfort from the fact that there is a permanent solution to this simple example you highlight – along with the myriad of other small but expensive and inconvenient whinging from residential…[Read more]

Thanks everyone for their thoughts and opinions. It’s amazing the variety of opinions on the forum.

We’ve already booked a session with our mentor and banker at home. The wife and I will sit down and go through this ‘plan’ to get us where we need to be.

I am now wondering if I will actually see more of the wife and kids by being a full time…[Read more]

Hi Chars,

I think the large lifestyle changing topic you have going here would best be solved around a table with yourself and both your parents over a cup of tea and an hour or two of crunching numbers with various scenarios.

My understanding of your posts is that all three of you (and bub) are living in the one PPoR, with you each having…[Read more]

Well done Jenny for finally getting it leased. Looks like changing PM’s was a good move. It’s a shame bad PM’s don’t wear a cap notifying you of the fact up front hey.

Sounds like you were touch and go there for a while about pulling the plug on HB.

Good luck with it all.

Cheers,

Dazzling

“No point having a cake if you can’t eat it.”