Forum Replies Created
HI Guys,
I suppose its more of the same from me. Looked at DFH and the property prices so far above market not funny. Yes you have 7-10-15 year leases but at what true cost.
Secondly I know people who live in these houses not the majority I must say but as the Defense forse is the tenant and not the staff then more dmage and less respect for the property. The Defense does not do the same checks as the local realestate agent who arent that great anyway.
As everyone else has said if I turned up to a developer with 100m guaranteed cash you bet I would get a discount. They have the tax bill to write the short to medium term losses onto.
What we do not know is the rate of interest that the bank will charge the future investors for this loan is market rates or higher/lower. What sort of fees will Westpac charge to run this so called great investment??
Cheers [withstupid]
Hi Dutchess,
Just to add, if you are in a defacto relationship, that is you have been living together ( Tennacy in common ) for over 6 months your partner has the same legal wrights as if you were married. If he can show that you have shared the same bed ect.
A family trust is the way to go but extra costs in Accountants fees and legals, everything you have is ineffect belonging to your children under your control. It is at the discreation of the trust who has what and who earns what.
Tax benefits is that a trust is taxed at company rates for earning capacity.
As mentioned before a pre nup is an illegal contract when it comes to marriage here in australia.
Cheers
Hi Guys,
Just on pre -nups. They are illegal in Australia under contract law. As marraige is a contract in itself between husband and wife, you cannot have another contract seperating assets.
However in the States it is different as marriage is not deemed as a contract that way you are able to have pre-nups.
