Perth Mint is the place to go.

(P.S. My understanding is that gold etc are non-income producing assets, so if you are borrowing the money to buy them, you can’t claim the interest as a tax deduction).

I agree with Dazzling, there are many things to consider.

My suggestion is to make up a spreadsheet with each of the options and look at the financial information before considering decisions around lifestyle, etc.

Probably best to project out 5-7 years or so – PPOR scenario in one column, and IPs scenario in the other.

I would be sure to…[Read more]

I’m very interested to learn more about this stuff….thanks for the very informative posts guys

just boring old property and shares….no complex products, sorry

I would just add that 25% return on cash invested isn’t that impressive considering the risks others have mentioned.

You can achieve a much better return than that, e.g., 60%plus, with far less risk.

Hi AMDS,

As others have mentoned, you are in a fantatsic financial position at your age- congratulations!

I’m not sure if you have any debts from study but if you do, you could put aside some money to cover those debts. Also, if you want to put aside a small amount for holidays or travel, or future commitments like a new car, you could put this…[Read more]

If your inlaws built the house and lived in it as their PPOR (or rented within allowable limits), then there should be no CGT. CGT may also depend on what year they purchased the property. Otherwise, there will be CGT to consider.

Transfer fees will probably be waived. You will still probably need to pay stamp duty. I imagine this would be based…[Read more]

Hi bamute,

The interest would be tax deductible if you set up a separate loan (like a line of credit) and use the money to invest in any income producing assest (e.g., shares).

If you just withdraw the money out of your current home loan (say, through a redraw facility) then effectively the interest will not be deductible.

Kind regards,
Jason.

Well really, I think this requires a bit more thought.
first I think your opening comments are highly offensive, not only to Muslims but to Australians as well.
I am Australian, of English decent and was amazed that you actually had the view that all Muslim’s are violent. Do all italians own deli’s? We all know that there are fruitcakes in every…[Read more]

sure…this is a property discussion forum….so
any responses to the actual property issues are welcome.

The reason I’m not buying at the moment is because there are far better investment opportunities than property out there at the moment.[juggle]

what do they do with the handbook when someone comes around with a baseball bat…? roll it up & throw it at you…?[dead2][smash]

So if a hypothetical person was to pay IO on their PPOR worth $300K and buy two other places worth $300K they will control $900K of property that doubles in 10 years. Thus having a portfolio worth $1.8M with say $800K in debt. Selling one IP at this point will clear their PPOR debt and most of the remaining IP debt – if they chose to.

What would…[Read more]

Extract from Paul Clitheroe’s, “Make your fortune by 40″….

A very handy rule of thumb to consider when it comes to financial independence is to multiply your desired annual income at the age you want to be independent by the multiple below:

Age_____Multiple
40______25
55______17
60______15
65______13

…if at age 40 you want to have an…[Read more]

yeah…he was on TV recently…apart from his fraudulent & dodgy behaviour, the story exposed the ‘catch’ with land banking – you are buying a promise.

I have friends who have 10 acres or so in an area where the local government/council was recently considering rezoning. I was telling my mother about it & how they would be millionaires. My mother…[Read more]

ok.

I’ll keep an eye out for the next interest free loan product offering…someone will have to explain it sometime if they are going to offer it as a viable comercial product (insert picture of me not holding my breath).

Cheers,
Jason.

So can any of the Derivex advocates confirm that this is the gist of how the system works?

Can anyone clarify the issues regarding risk and the security of the loan?

Hi Rob,

Are you able to say a bit about the management problems? What were they? Any suggestions for strategies to overcome them? I understand if you can’t.

Cheers,
Jason.

I know bamkruptcy is a very personal issue but I would like to hear people’s opinions as to whether they would lend money to someone who has:

1. …ever been bankrupt?
2. …recently become a discharged bankrupt?
3. …a current bankruptcy?
4. …mitigating circumstances?
5. …placed themselves in a good current position?

Would your decision…[Read more]

Jason, regarding your comments, let me ask you this…

When new inventions come to market, should we all stay right away from them or should a few check it out on behalf of others?

I think checking it out is always worthwhile. Even I tried to check it out but when I couldn’t get a straight answer I knew not to touch it (even with a 40′ pole).

I…[Read more]