TheFinanceShop wrote:
I think it will hit 90 sooner than later? Keen to hear everyone else thoughts?

There's strong support between 0.967 and 0.957. There's also up coming weakness predicted around the US$. If it goes to 90 then that signals a lack of confidence in Australia and could mean a resistance to further investment. IMF have the AU$…[Read more]

Hard to say one way or the other what will happen to rates. The AU economy is headed into trouble waters and the RBA will probably look at further cuts but CB cuts aren't indicative of bank funding costs so they bottom at some point regardless of what CB's do. The US market has retail rates around 4.5% while the FED rate is 0.25%. Banks here have…[Read more]

Something else I was reading a while ago and came across again just recently that set off a red flag. Australia tends think of its debt profile as fairly benign but that's far from the case. A relatively mild decline in economic conditions could generate negative occurrences within our economy that many would not think possible. Our potential…[Read more]

Personal loan secured or unsecured??

With 300 properties listed for sale and 200 rental vacancies I wish you luck.

Because I really see the future upswing for this property

I admire your optimism in the face of a declining market.

I'm not sure where you get your info from but it reflects a lot of the misinformation and hype I've been hearing for the past few years.

Once the mining expansion is complete about mid 2014 capacity in the Pilbara alone will reach around 800mt. The total global seaborn market peaked at 650mt. Throw in other global suppliers and you have in excess…[Read more]

Corie wrote:
In case you hadnt noticed the WA RE boom ended a long time ago.

I'm not sure what you define as a long time but Perths market has been fairly robust over the last few years. Basically the WA boom (although off its highs) was still intact in most places up until mid 2012.

From the Residex Blog

Perth is now clearly out of its…[Read more]

I've been in the resource sector here for the last 6 years. The last 3 running my own gear. I've sold up and cashed out. I have friends with businesses hitched to the resource sector and several friends and family employed across the sector here. I can tell you quite categorically that the resources are contracting at a rate I didn't expect until…[Read more]

Get your accountant to get an ATO ruling. It's a grey area and there's so many variations it can make your head spin. I had a contract arrangement with a mob in WA. Their accountant tried to put the mockers on it and pay me as an employee. There had been rulings in the past where contractor status had been declined by the ATO who then demanded…[Read more]

http://www.macrobusiness.com.au/2013/05/arrow-lng-next-to-go/

Arrow LNG has been holding negotiations on potential consolidation with rival LNG ventures in Queensland, raising expectations that owners Shell and PetroChina are moving towards scrapping plans for a $20 billion-plus stand-alone plant to instead join Santos or Origin Energy…[Read more]

Terryw wrote:
Cash basis or accruals? It is generally when you get paid, but not always.

Yep. When you set up a set of accounts on MYOB for example it will ask you this when you configure the preferences/settings

jmsrachel wrote:
First question – are you a licensed builder and what's your practitioners number. Too many call themselves builders these days when they're just Cowboys.

I think what he's asking is if he contracts a builder to price according to a set of plans and specs and then alters the plans or requests add-ons how do you go about…[Read more]

Be careful of Gladston. It's a market at or near it's top with the underlying drivers of value weakening. As I said to someone the other day. When a market is significantly above trend and the drivers of value are diminishing the likely direction of value is back towards trend not higher. I've always believed in buying assets when they are below…[Read more]

There are 2 book keeping methods with regard to the ATO. At time of invoice or at time of payment. I've always worked on time of payment. Send your invoice out at the end of Jun for Jul payment. 

Negatively geared on finance of 1mil and return on market val is a meager 3.3%. Projected margin is $100k/unit. The strategy is obvious. Build and sell but costs are going to have be carefully managed. I've seen profits disappear when cost analysis and cost control are executed poorly.

You're other risk is that the market could move against your…[Read more]

When a developer offers a 25k discount to market that screams red flags to me. That indicates a soft market and/or a developer on the ropes. If you're getting discounts in what was once a buoyant market you have to ask your self if you're simply buying into a falling market.

Ziv you might think I'm a bit over the top with the Japan bashing thing but I have a simple philosophy; if you see a fire yell fire. 

zmagen wrote:
Freckle, I've yet to see you address even one of the news items mentioned above – would you care to, or is MSM, as you like to abbreviate the worlds media channels, and just about everybody they're reporting is active in this space, just so full of gunk and inferior to your superior analysis capabilities that you just can't be…[Read more]

Do the work but start your tax records from a fresh new tax year and bill it out in the new tax year. 

Terryw wrote:
Interesting about the vacant houses. My mother in law owns a terrace in Osaka and its been vacant for 7 years. 10min from Osaka station. MIL's sister also owns a terrace next door vacant for 10 years +. I ask them why not renovated and lease out and they say it would cost to much for the little return. Not worth it.

Interesting.…[Read more]

CheevesFinancial wrote:

Freck:  Your charts are misleading because it doesn't show annual improvements.  Lastly, when does a Fortune 300 firm Headquarter relocation happen on an "everyday basis" as you say?  You're a jokester and in my professional opinion can't be taken seriously here.

Your charts are misleading because it doesn't show…[Read more]