I don’t know all that myself, but I believe that you apply to defer your Uni Fees (govt. pays for you) until you finish studying and are earning an income.
Once you start earning an income (I think it’s $35,000) you start repaying your HECS debt. Your compulsory repayments are determined by your taxable income and you repay a percentage of this…[Read more]
I myself am going through the process of purchasing our second IP. Of course we are at that stage of doubting our decision…can we afford it, what if noone rents it, etc, etc.
It’s great to see that success is possible!
Hello all, it’s been some time since I’ve visited.
Ellenbrook and the Swan Valley have not been mentioned here much. I’ve done some basic research on the Ellenbrook region and it appears that it is growing rapidly, new town centre, shopping malls, schools, and so on.
Any locals have any thoughts on the area? Distance/time to the city?…[Read more]
Good topic, I was just about to post a similar question.
My Management fees are 11.5% + GST (in Darwin)
That is one heck of a drain on the rental income, and I didn’t realise how high theses fees were until I read this post. I have been thinking of shopping around with other agents to compare fees. Just wondering if I changed management do…[Read more]
I believe that is correct….although it is hard to think of when investing like this as a couple (husband & wife). What I mean is that buying as a married couple is different to buying with your brother/sister. In your example you would own 99% of the property and therefore be eligible to claim 99% of costs, depreciation, etc.
Possibly….depends on the type of tenants you want to attract. Students or singles probably have no need for a bath but a family with young children will almost certainly want one.
I’m certainly no authority on this subject, but I’ll try to help. I have learnt what I know through reading many books on the subject.
I can recommend the use of a quantity surveyor. They will provide you with a list of all depreciable plant and equipment in your property, their value and the effective life of those items. This information…[Read more]
Well, it contains 5 of Steve’s templates. For me the most impressive and helpful are the financial analysis and the property analysis.
The financial analysis runs you through all the numbers and helps you find out all the costs involved with the proposed purchase. It gives you a final figure….Cash on Cash return that helps you decide if the…[Read more]
Just one question….is it possible to update the Stamp Duty to include all states/territories rather than just Vic as the default? Perhaps a menu to select the state (similar to the “weeks Vacant” menu.
Looks like confusion reigns supreme. If I remember correctly, Steve stated the the particpants in the MAP would control $1 million worth of property and it seems that Today Tonight said he would make them Millionaires. Two completely different things.
Either way, it would be interesting to learn the details of their progress.
Originally posted by richmond:
It’s a stupid rule, but no matter how stupid the rule is, it should not be different just because the person who breached it is Ian Thorpe, that was the point I was trying to make about Joe Blow.
If a sport is governed by rules, they can’t just cover some of the competitors and not others, otherwise there’s no point…[Read more]