Talismans wrote:
Can the interest payment be deducted from the capital gain as well if I sell the share less than a year at a profit?

 No. Interest can only be deducted from your income. Only capital losses can offset capital gains.CheersPaul

Anyone heard how much Suncorp will raise?

WGordon wrote:
The only way you are going to make money thru negative gearing is by relying on capital gains that may or may not occur in the future. 

This seems to be the assumption inherent in the 'positive CF' strategy too. Cash flow is definitely important but capital position (i.e, your wealth) is the bottom line for me.Paul

I'm with DWolfe….advertise somewhere else!

How old are you..? Please don't say you are 'Gen Y'

I can confirm what Forest Lake PM said about the construction. The people who did the landscaping contract are family friends of ours. The termites in Forest Lake are there to stay (cos they were there first!)It sounds very expensive for Forest Lake. There's heaps of property in and around that area and also new developments like Springfield and…[Read more]

In my opinion, it is too late to go fixed now, especially if you are comfortable with higher repayments. If I were in your position, I would just stay with variable. 

What happens in regard to fees on the loan in the event that you buy the propoerty for $400K and then sell it in say, 3-6 months? Do you have to pay extra fees for paying out the loan in the first 4 years?

There's lots of cheap property in rural Qld….it's cos SFA of the popuation live there. It's probably more important to add at least one more variable to the list so that you get a list of "affordable properties you will actually be able to re-sell".

Having formally studied financial planning, I would have to say the wealth score doesn't really add any value to my wealth creation and retirement planning strategies. But then neither do any of the risk profiles that most planners use. Good to hear other people find it useful.Cheers,Paul

Glennsa wrote:

The General wrote:
I'm sorry. I read the whole post including Terrys links. What am I missing. How can the loan repayments drop from $400p/wk to $52p/wk when the same loan amount still exists and the interest rate is roughly the same? And how can one pay off $140k with a $650p/wk rental and a $100k line of credit? (One must…[Read more]

The General wrote:
I'm sorry. I read the whole post including Terrys links. What am I missing. How can the loan repayments drop from $400p/wk to $52p/wk when the same loan amount still exists and the interest rate is roughly the same? And how can one pay off $140k with a $650p/wk rental and a $100k line of credit? (One must remember that I am…[Read more]

Hi Richard,Any chance of getting  report for 36 Fleetwood St, Macgregor, QLD 4109. Only if you have time mate.My email is interface4you@tpg.com.auCheersPaul

morgan1 wrote:
Maybe someone with a better Maths brain than me can explain how and why it works that way?

 Centrelink make up there own rules, which can be different to ATO or other rules. Usually Centrelink rules, like 'deeming' for example are based what income your asssets could provide you, if you had that amount of cash invested…[Read more]

thanks Richard, I appreciate it. CheersPaul

Hi Richard,Any chance of getting  report for 28 Solway Drive, Sunshine Beach, QLD 4567.My email is interface4you@tpg.com.auCheersPaul

when we replaced our dishwasher, the service  guy (who wasn't affiliated with nay company in particular), said any decent brand if good, just not Fisher & Paykal – he said this brands keep him in business, when it comes to repairing white goods. 

Go to the private equity market and ask them to invest in your company, which is based on 'network marketing' and the response will be in the ilk of Monty Burns – 'release the hounds!' To them the terms 'network marketing', MLM', 'pyramid schemes' are synonyms. and rightly so.  

Hi Andy,Congratulations on saving $100K – it's a great achievement  & you have obviously worked very hard for it. You've asked for advice specifically on property so please forgive me from coming at your question from a different angle. I don't know all your goals & your attitude to risk (i.e., conservative vs aggressive), however my advice would…[Read more]

Hi All,I read this topic with interest. Just yesterday, another financial planning mate & I were having this debate with a real estate agent mate of ours. He was making all the same broad statements as Steve – "the property market is heating up", "prices are heading higher" and "buyers are starting to become a little irrational". (But then agai…[Read more]