Terry,

Great post, really interesting and well covered on the generalities of the market.

Was there any mention of these ‘intergenerational loans’ that I’ve heard about. That is, the grandfather takes out the loan, father continues paying and eventually the son gets to pay the loan out ?? Is that myth or fact ??

Cheers,

Dazzling

“No point…[Read more]

Hey F,

That’s an extremely broad brush you’re using there to paint “most parts of” all around the massive market that you describe.

Seeing as though it is impossible to buy the entire nation’s resi market, I fail to see how one can individually prosper from the data you quote.

It looks as though you’ve addressed the ‘con’ half of Beast’s…[Read more]

Great story Redwing.

I’ve had a similar experience. Took 3 or 4 very frustrating calls spanning about 7 weeks.

Finally worked out talking to the Manager’s of the organisation was a complete waste of time. As soon as they put the phone down after talking to you, your request was obviously put aside and they dealt with soemthing…[Read more]

Hi leoau,

I won’t sugar coat it. I’ll leave that to Bob-a-Dob.

You probably realise that the current choices are all pretty unpalatable, and are the result of previous poor choices. The way you are weighing things up in your post with your different options, you appear to be taking the easy way out again, which inevitably will lead to worse…[Read more]

Marisa,

They sound like they are having a good crack at it, although I wouldn’t be so conservative, especially if they are young (under 40). [biggrin]

I recall when asked for the biggest regret that the female Qld ex-teacher had looking back on building up her portfolio, she replied “No regrets really, but if I could change one thing, I…[Read more]

Hi Oshen,

Last time I answered one of these, I asked a rhetorical question and it wasn’t appreciated very much, so if you want me to sugar coat my suggestion a bit let me know.

Anyway, this is what I’d do in your situation.

1. Jump on a bus and head down or up or across, wherever you are coming from to Toowoomba.

2. Go and see the head knob…[Read more]

Redwing / Marisa,

Could I ask you guys a favour…

When the figures for Q2 2005 come out and are published in the Saturday West Australian, (usually 2nd or 3rd week of August) could you please post them on here for me to view.

Where I’m at right now, there are no newspapers allowed, and the Prez (or the CIA – never know which) has shut down…[Read more]

Thanks for the info Redwing.

I question sometimes the detail of the data provided. If you dig a little deeper there is usually a factor that is swaying the figures so much.

*** Following figures quoted are real rough and straight off the top of my head…

I can remember a few years back Mt Claremont ‘looked’ like it was taking off like a…[Read more]

MrCamacho,

The source of your misunderstanding may lie in the fact that you can’t do it.

There is a big difference between not understanding something, and simply not being able to afford to do it.

To gain understanding, simply take your fully paid off title deed of your PPOR worth 1MM down to your friendly local bank branch, and along with…[Read more]

Mikala,

I agree with everything you have written except the word “an“. If you changed the word to “the” I think you’d be closer to the ATO’s position. I know it’s nit picking, but that’s what the ATO does and would be the difference between a successful claim or not.

I agree that it is the intent that counts in the eyes of the ATO, but my…[Read more]

If you recall Trav, you asked the ‘open question’ for any insights. If you find my response (a question) narrow minded and ignorant…that’s great !! Care factor is pretty low. I fail to see how a question can be classified as such ??

I think it’s a bit rich asking the forum to comment and offer opinions on your financial circumstances when…[Read more]

crf,

Put on a big happy attitude and zip into your local council and have a quiet chat. They’ll outline zoning / requirements / setbacks, upfront costs etc etc.

They’ll be most enlightening with what they allow you to do with ‘your’ block.

After having a chat with them, I always come away with the feeling that I have very little say over what…[Read more]

Oshen,

In theory, nothing stopping girls from working on the rigs. Most company procedures specifically allow for it so as to prove to their lawyers that they can’t be sued for discrimination, but that sits on the shelf in head office gathering dust. In reality, it’s a whole lot different.

In my 15 years on the rigs, probably working with…[Read more]

Hiya Megan,

“If you and your parents are happy with the status quo and everyone feels content with the situation – they I don’t see why you should move our just to make a statement that you’re all grown up!”

I’m not sure the physical act of moving out of Mummy and Daddy’s place qualifies you as a grown up…that’s just the very first step of…[Read more]

Kay said ;

“degree positions pay better”

Wow Kay – not where I come from. My experience has been the exact opposite.

When I was a graduate Drilling Engineer, the best pay I was offered (out of 4 jobs) was 30K p.a. (Oz $ and fully taxable). The illiterate labourers I was working with on the rigs were on triple what I was on. They all assumed…[Read more]

Regrow,

Good man…well done. Try and get up onto the floor as soon as you can. You probably already relieve the roughnecks on their smoko anyway. Working the decks leads to the crane driver, but that’s as far as you can go.

Get your IWCF as soon as you can and then get up on the floor. The last IWCF supervisors course I was on last year…[Read more]

It depends on which hat you wish to wear ;

First hat…stand up and take control of your life.

1. Immediately move out of home to give your parents a break (‘cos $80p.w. doesn’t come close to what you cost to support in that environment)…hence why everyone recommends stay at home as long as possible. At 22, you’re a big boy now, especially…[Read more]

“Seems very very steep…cos i would’t pay that much a week on rent!!! Must be hard to crack…”

Ah, one of the main reasons why we’ve given investing in RIP’s the big flick. The rent is so personal to so many people, and seeing as though they get no help from the govt in terms of tax deductions for it, it is a big nett expense for them.

Hey…[Read more]

OK…OK, I’ll jump on your side PP…

KEEP…KEEP…KEEP…Whatever you do. Pumping the 260K into a building at the back (IMO) will do nothing to the value of the land that is appreciating for you…but instead depreciate at a great rate of knots in the first couple of years…which the ATO generously allows you to claim some of it…[Read more]

I’m confused as well…which bit don’t you understand ??

The fact that the purchaser insisted on 12 months settlement or the fact that you agreed and signed off on it ??

What’s the point of asking the question “Am I missing something”…and then conferring with your solicitor after you’ve signed off on the contract ??

Me thinks it’s just a tad…[Read more]