Okay, accountants charge by time
they do not usually overcharge as they want to keep clients happy
happy clients come back refer other good clients

Complete info with queries answered quickly is efficient

Incomplete data that requires chasing phone call and staff revising the job everytime they pick up adds time that may not be…[Read more]

Originally posted by perthman:
By the way – I wll give everyone here a bit of inside info. It has been noted that a quite a few property owners (especially around the wealthier suburbs) are selling up and deciding to rent for the next 6-12 months, and the people that are doing this are definately not silly.

Maybe someone can care to explain this…[Read more]

Originally posted by Carl.Alexander:
The RBA has to be careful if Interest rates increase then rent prices could sky rocket also if Petrol keeps going up it may be another reason to keep another rate rise down.

My 2 cents

Please explain.

Perthman, was thinking the same. Where did the Easterners go.

A lot of my clients two years ago beaming with pride over how “clever” they were now just don’t know what to do.

As BAD (bid audio dynamite sang) … “do I stay or do I go”

IF they decide to all go at the same time, THEN it could be interesting.

Can see the headlines now. REI…[Read more]

Signs, well when it came to an end, there were none. We were expecting a nice show, fireworks would have been good, some melodrama wringing of hands and the “end of the world is nigh” headlines, but nothing really happened.

We had RE agents saying the market will go for another two years BUT expect ONLY 10% return from now on, run concurrently…[Read more]

And I bet you are hearing the same arguments for capital growth we had,

“it’s different this time because of ….
deregulated banks
first home grants
twin income family’s
my cat is over weight ….well whatever…

Plus you have the minerals boom will never end, just like the IT boom of the late 90’s or the Tiger economies of the 90’s.

Oh yeah…[Read more]

What you described pretty well sums up Sydney in 2003.

People excitedly jumping up and down about buying a fixer upper ( …start the bulldozer Lenny) that three years before they would have laughed at….just to get in the market.

Agents would say, that the market is moving that fast they could not get the numbers right, but, yeah, it also…[Read more]

Yes it is, thank you.

Last year a new client, quite smart lodged his own property return he

1) added the reducing and prime cost depn schedules he got from his surveyor together (double claimed depn and property allows)

2) claimed all the stamp duty on purchase plus all legals.

When I told he he had pulled an extra $5,000, deduction illegally, it did not phase him…[Read more]

Not sure if the buyer and seller have the same name whether they will ask for a valuation, a phone call will check.

Guess it took around a day all up but because we used the Parra S/duty office. If using city prob still a day including phone calls, travel cues etc etc.

You can download a tsfer form form the OSR (NSW) and after you get it stamped you take that to the title deeds office (along with original deed) and they change the title.

Nothing magic, but as solictors do this all the time, a lot of the info you would expect available is not there, so you may get a fair bit of trial and error, and different…[Read more]

Originally posted by DanielCummins:

Quote:
[. anyone got any ideas on how to utilise said areas?

Hmmmm… what about a nuclear waste dump …

“Go West young man”

Thanks Jaff I have a couple of clients who bought into the tax effective unit trusts being flogged around in the last ten years.

Told em I had seen em all.
mango, macadamian, pine trees, emus, ostriches, crayfish, crockodiles, olives, tea tree oil etc and they all give back a tax break but never make enough money to get back to square one.

But…[Read more]

Can I ask your involvement with Grapes, investor, farmer, observer.

Don’t want to say too much if it may touch a nerve.

In the Hills ourselves. Do you mind me asking where ???

Now lets see if I remember this one.

Set up a unit trust, charge entry fee and w/off 85% as tax deductible management fee. use funds to buy land put in vines irrigation sheds and equipment. take out all that’s left so the U/Trust goes broke, and then buy back the assets from a friendly “administrator”

Yep that’s it i think, oh yeah forgot, now…[Read more]

Foundation, thanks again, one part of me agrees with it, and another part thinks there must be a fallacy….somewhere.

This boom has been triggered by many factors, including political tinkering, (dereg and home buyer grants..some of this was over due some just to save furry butt after GST). The spruikers (hey Steve) had a accelerating effect,…[Read more]

Originally posted by njhansen:
Has anyone thought of using a family trust fund to unlock equity?

I’m not sure quite how they work but ive been told they are a good way to unlock large amounts of equity.

How to best use this is to make yourself the sole beneficiacy of Sir Frank Packer’s …. it seems to have worked for Kerry.

Originally posted by alexlee:
Foundation, I agree with you that credit will be harder to come by in a bust. However, credit doesn’t completely dry up. Properties still change hands.

What I saw was mostly sideways.

ie; sell for $200 and move to $300k or more realistically it was sell for $300k and move to 200k.

Did’nt see many new buyers with…[Read more]