get an appraisal on Sydney property and rent on the GC for a year or 3, you’ve got 6 before it becomes a real issue……

Probably the same people who have no qualms about paying through the nose for BMW badge instead of a Toyota…..me….I ride the subway :)

Best $2.75 you can spend and can get you anywhere in NYC in 30 mins and faster than any car or cab.

My point being is if you don’t care about 2% ROI…..then feel free to keep paying.

Thanks for confirming Benny.

Is there any way to “delay” a “contract date” eg if you did want to “delay” a sale into the July financial year can you sign “an option to purchase” in the current financial year which is then “executed” with a contract signing once the 1st of July rolls around? obviously this would then be followed by a settlement 42…[Read more]

@Jamie, I think you misread the post.

This isn’t the 1 weeks rent+gst for “finding the tenant” this is a new fee that I saw an agent trying to introduce for 1 weeks rent for “renewing” the lease + the $33 lease prep fee.

So basically for “coming up with the renewal price” and 20-40mins spent calling the tenant asking them to resign a new…[Read more]

This isn’t the 1 weeks rent+gst for “finding the tenant” this is a new fee that I saw an agent trying to introduce for 1 weeks rent for “renewing” the lease + the $33 lease prep fee.

So basically for “coming up with the renewal price” and 20-40mins spent calling the tenant asking them to resign a new lease…..this agent is wanting to charge 1…[Read more]

As far as the ATO is concerned the date of purchase then becomes the first date of the deposit right? eg they don’t consider the date of the 10% deposit to be the purchase date (eg if you make an small holding deposit pending finance approval)

Wondering how this is seen by the ATO if you have a long pending approval period

@DT….a few bob? that’s around 2% annual ROI difference…..

@Jaime, I guess I’m just lucky, none of my PM’s are charging me this and to be honest I’d pull IP’s from any that did try to do this. I think the PM’s do just fine on the 5% weekly cut based on what they do for it.

Article along similar lines here dealing with The Fed – http://www.focus262.com/blog/2016/05/fed-thinks-i-should-be-spending-more-so-why-am-i-saving/

I’m doing fie with rents covering interest at the moment but am concerned that rents wont cover any upside over the next few years that will come eventually well before I can pay down enough to make…[Read more]

lol just to be honest with the forum……was sure that the RBA wasn’t going to drop yesterday and shifted some USA cash to Australia about 12 hours before the announcement….lol a currency trader i’ll never be.

Thanks for posting this.

Interesting that “you must self register” eg no way for govt to track if you don’t register…..

I find it very curious when govts expect you to know the rules but make no effort to reach out to you and say hey….we understand you own this and please pay xyz etc.

How is an offshore investor even supposed to know…[Read more]

Thanks DT….is that seriously how the Vic government describes investors… as “Absentee”.

Doesn’t sound very investor friendly to me……

what the heck is an ‘absentee owners’