Thanks heaps guys you solved the problem. Its bad news as I can’t claim that 40K, but oh well its the rules. The IP next year is still looking alright.

Thanks again,

Chris

I would like some knowledge on this too.

I posted this a few days ago in another topic in this forum but got no reply

A cheap form of property with a high rental return (alot above interest rates/currently). Ok so they don’t appreicate in value (but you have CF+) but do they depreciate (seeing as we are in financial crisis times)??

I just…[Read more]

Doesn’t anyone want to satisfy my thirst??

Well my long term at the moment seems to be buy property mid next year.. keep for 5 years (interest only) and build up heaps of money in the offset account. The after the 5 years i want to buy a place in the north shore area (~800K), I will have a much higher income. I would either take all the money out of the offset to use as a deposit or i…[Read more]

Thanks Tony,

Yes all the asset classes are looking bad at the moment. Shares?going bonkers… property?overpriced, needs alot of stimulus (lower rates, higher FHOG) to keep stable… cash?5% before tax, less after tax, pretty much negative after inflation…

Ok so i’m inclined to not get in now.. after my uni, and phd, when i start earning some…[Read more]

Thanks Tony for your reply, you helped heaps.

The thing with the government only keeping it till the middle of next year has got me all excited and thinking whether i should jump in.

If Australia is looking to be in tougher times in the middle of next year then the government can either continue the 14K FHOG or ditch it as planned. If they ditch…[Read more]

A cheap form of property with a high rental return (alot above interest rates/currently). Ok so they don’t appreicate in value (but you have CF+) but do they depreciate (seeing as we are in financial crisis times)??

I just looked on findacarpark.com.au and I have looked on the sydney maps…

110 sussex street is for sale at $90,000. and under…[Read more]

A cheap form of property with a high rental return (alot above interest rates/currently). Ok so they don’t appreicate in value (but you have CF+) but do they depreciate (seeing as we are in financial crisis times)??

I just looked on findacarpark.com.au and I have looked on the sydney maps…

110 sussex street is for sale at $90,000. and under…[Read more]

Thanks Elka,

I was initially thinking live then rent, but it made more sense, as i would be able to increase my income a bit over the 6 months of it being rented out before living in it. I’ll have to check it out.

20% is the general figure for houses. I know units are always different but what average figure would you put on them?

Chris

How long are these 14K ad 21K FHOGs going to last for?
I’M Not ready to get iNto the Market just yet
But proBaBly deCeMBer NeXt year

Chris

Thanks guys,Scott, I was thinking in bed last night about finishing my undergrad year and then get a research assistant job (I already do work experience in my field so a job is guaranteed), I should be getting about 45K a year at the start of 2010. My income would be higher and then I might be able to jump into the property market easier.I could…[Read more]

Could you buy a house by yourself and then get your partner to pay rent to you and you can then claim the FHOG and negative gearing. Then later they can stop renting and it wont be a IP for CGT purposes???Cheers,Chris.

Woah, I made this post yesterday, come back today it has grown alot.Thank you everyone for your help. The partial refund and limited timeframe(under a year) is generally what is floating around in this thread.Thanks guys,Chris.

Hey Wdemirdoner,I'm in similar position, I'm 19 in my second year of 3 at uni, when i finish uni I should have about 30K saved up, I will be getting my first IP early 2010 in sydney.Where are you looking at buying? What price range?Do you have any strategies(or just buy-hold)?I'm looking at buying in the 200K price range(2 bedroom) turn it into 3…[Read more]

The education department needs to create a finance course in high schools and make is compulsory in years 7-12, that would sort out the youngins'

What is a quarterly rest?So I take it that its not the going thing to have daily reducing(is there weekly reducing or something else??).Chris.

There is many posts regarding purchasing student accomodation as investments on this forum. Try doing a search, a problem that comes up alot is a lack of capital growth.Cheers,Chris.

Being as bored as I am tonight I have worked out that if you started this $30 a month when your child was born and the interest rate was 6.45 all the time and if you paid tax from this from your own money and not from this fund then on your childs 18th birthday they will have $12,250.87.Thats pretty cool. A nice headstart and also you will have…[Read more]

PaulDobson wrote:
We use positive cashflow properties to support our higher capital growth, negatively geared properties.  More specifically, we use Vendor Finance as our positive cashflow technique and utilise this cashflow to build wealth in our buy and holds.  Good luck.

Thats the strategy i'm looking at getting into. Using wraps to get po…[Read more]

Thanks Trakka.Also Trance you might be able to do a quick reno on your current property. It would help to build equity and also provide you with extra cash if you refinance.Chris.