Originally posted by SuperTed:

Quote:
Originally posted by wayneL:

US market is under priced. They have been out of sinc for some time.

Interesting, if you look at returns both US & AUS mkts are near the top. Just because the US is still under there peak of 11,700 does not mean its good value. If you look at their returns their market and…[Read more]

Originally posted by AusProp:

I am not so sure about down cycles lasting years –

Extensive list of ‘Off The Plan’ property available for sale in Perth.

John – 0419 198 856

John I’m sure it varies from area to area but here are real figures for the newbies to digest.

Had family 5 years before ‘we’ had planned, needed a house rather than a…[Read more]

Originally posted by Da Man:
2nd IP and move into one of them.

if I buy into the market in say 6 months time and there is a lot more pain – I might be able to pick up more of a bargain in 2005. I am in no rush so time is on my side.

Your answer depends on how many are thinking exactly the same thoughts as you.

And if you are overly optomistic and get it wrong the ATO Can and will fine you.

Originally posted by The Mortgage Adviser:
There are options in a downward market. Fix the rates if you are concerned about increasing rates. Lock in your returns.

BUT how do you protect against sliding property values aka Japan, and some Euro countries.

Know Japan has neutral population, but our boom has way more to do with poor short sighted…[Read more]

Originally posted by The Mortgage Adviser:
Of course. I forgot that exclusion. I meant like to the bank or other private organisations.

Don’t they usually prosecute jointly?

They work in conjunction, and the criminal normally takes precedence, and the ATO gets involved in the aftermarth

Whats your time frame from the initial pre purchase inspection till now?????

Originally posted by The Mortgage Adviser:
No Mel, and they never would!

Only in cases where it could be criminal.

AND thats nothing to do with property, but more with the “other” source of funds invested in property

Originally posted by melbear:
For starters, I have not evaded any tax….

Cheers
Mel

Mel, I was using your quote to highlight a general point, you don’t appear to be one of the sample they will look at. Think they first will match self employed taxpayers with Lo Docs, as this is the target sample they really are after, and the ones who usually…[Read more]

Sydney definitley has dropped down, but its probably more that in a bull run ppl pay TOO MUCH knowing that in a month maybe three the market will catch them up.

Reckon thats 10% of it, and the real drop is probaly another 5% though its patchy and depends where.

Not talking units here just houses

Originally posted by AusProp:
and then seconds later I read….

“Prices have levelled says Treasurer (Your Mortgage Magazine, 24/6/04).

that the property market is strong enough to bounce back within a few years”

Extensive list of ‘Off The Plan’ property available for sale in Perth.

John – 0419 198 856

And what happens to the magazine…[Read more]

Originally posted by melbear:
Sue, on the Low Doc loan I just got, I declared a (little) bit more than $90K as my income…

The lender told my broker to make the loan ‘fit’ the guidelines, as they were more than happy to lend us the money……

I’m guessing I should be worried about now ????

Cheers
Mel

I am not being a scare monger, but…[Read more]

Originally posted by Terryw:
Sue,

The trouble with the ATO is that you are basically guilty until you can prove otherwise. So the commissioner could issue someone an amended assessment based on you low doc declared income and you would have to prove you did not actually earn this much.

Terryw
Discover Home Loans
North…[Read more]

Originally posted by kay henry:
Yack

The Americans have been talking up this IR rise for so long- i wish they’d just hurry up and do it!

As for us, I doubt their measly IR rise will affect us. Our market conditions are still pretty stable.

kay henry

We are currently up 4.+% on the US rates. O/S investors like that and buy our funds. Our $$…[Read more]

Originally posted by SALACIOUS:
Hello,

: Interest rates will go up ,and sharemarket will bounce higher.

[biggrin]

I’m no expert but thought when rates rise the stock market will drop. Cost of capital is higher, and the rate of return compared to risk, is lower.
Got to factor the inflation rate in there somewhere, but don’t think that the…[Read more]

I think you know the answer. Have not had specific experience, but unless they have strong assets (renting so guess they don’t) if you spend more money, then you will win a moral victory, and $10 per week ( may be $50) but after week one it will stop, and back to court you will go, etc., etc.,
If someone has had sucess, please post, but my…[Read more]

Originally posted by kay henry:
residentialwealth,

it’s not like the banks are going to be doing margin calls of people for the foreseeable future,

kay henry

Kay, firstly I agree, but I was at a lunch with a broker about 21/2 yrs agao, when the market looked like overheating, and I and others quizzed him about lenders being worried. He…[Read more]

Originally posted by residentialwealth:
A new slant I read on the weekend to this is NEGATIVE EQUITY.

Consider a person/couple purchasing a property in the last few years with a 90% plus loan and now the property has devalued by 15% plus, can this happen, yes!, keep an eye out in the news.[confused2]

Another term is “upside down equity”.

Originally posted by residentialwealth:
A new slant I read on the weekend to this is NEGATIVE EQUITY.

Consider a person/couple purchasing a property in the last few years with a 90% plus loan and now the property has devalued by 15% plus, can this happen, yes!, keep an eye out in the news.[confused2]

Happened back in 1991, and made the ACA type…[Read more]

I agree with Yack on this, not many were using it though a lot of the “Sales Teams ” used to promote it.

Most good accountants were waiting for this, and some returns will need amending, but think it will be a minor ripple.