Forum Replies Created
Maybe your dad can finance the car, tax write off for the business, and you can just use it as the company car
Otherwise scooters look cool and you can get one that tows a little trailer with the company logo and website. Much cheaper and better publicity than your run of the mill common car.
After briefly scanning the comments made I will add my 2 cents worth. Details can be found http://www.acnaustralia.com.au compare for yourself. You will find line rental same as Telstra but cheaper call rates, free acn2acn and no penalty for paying by credit card makes it a great deal.
Maybe does take a special person to sell to friends and family but when you are then able to call them all for free (local) or 35c (connection fee only national) makes it work their while.
Mobile and Internet will be here in Feb and after deregulation of power watch for that and gas mid next year.
If you want further details please feel free to pm or drop me a email.
If only he had connected the electicity and turned a few lights on each morning.
My advice is when looking at these types of property always submit offers subject to subdivision being approved. You can then submit your plans to council before you have made the purchase. Just because an areas is zoned 40 etc does not mean the council will automatically grant approval, most cases yes but always be cautious.
I would say allow approx $30 to pay for all costs associated with the subdivision. I am not sure about the capital gains tax. Assuming it is taxed as an investment you would have to pay 100% of the CGT or 50% if you hold for more than 12 months, minus all costs associated with making the gain, ie fees associated with purchase, subdivision and sale.However if you are going to use the front property as your PPR then I am not sure, I still think they would get you, but more research required.
Definitely no expert but my suggestion would be: pay only what you need to service the debt save the rest for stamp duty and associated costs with purchasing a property. Whist not the ideal situation, speak to a broker about non conforming lenders, pepper, blue stone, liberty, their rates are by far a lot higher than average but it is an intermediate solution, after 2 years (depending on break costs) you will be able to switch to a normal lender.
As mentioned by Swampy30 you could purchase a property with another person or perhaps speak to your parents about using a small proportion of the equity in their home to get you back on your feet. As I do not have an understanding of the NSW property market this would only be my decision based on Perth property pricing. Property over the long term will always be a sound investment. I believe there is always ways to get the deal done.
Good luck and all the best. I am sure the forum gurus will be able to provide you will great advice to get you motivate.
My Picks would be Success, Victoria Park, Rivervale, but I am new too.
Hey Aussie Kid
Great to hear about your success. I was a little older, 21 when I bought my first place I saved 12k in just under a year. I haven’t lived at home since 17 so I am wondering did you save this while living at home or not?? I have a lot of friends that have bought places by living at home and not having to worry about any bills so they can basically save their whole wages. I have a friend 22 who has saved 30k over the past 18 months but she doesn’t have to pay a cent in expenses. Now 18 months on, with the equity in my place am looking at in building a duplex pair. I am keen to hear more about your dedication and success.
Congratulations.
I only have 1 property and I manage it myself, after the trouhle my mum had with her pm I thought it would be easier to do it myself. A family member is in there now but when I had it tennanted I never had a single call from my tennant, I inspected every 3 months and no problems with rent payments. I couldn’t see a reason for not doing it.
I worked up north to save for my first property thinking of doing it again for the second but for now I am sticking with the little things. As others have mentioned ING saver is a dream 5.25% and no keycard to tempt you. I used to buy easily 6 – 7 mags a month now I borrow them from friends or read stuff online. Coffee and a muffin each day $6.00 skip that and drink the terrible nescafe at work easy to save an extra $150 a month just by cutting out those 2 things.
I would love to do some type building apprenticeship however with 1 mortgage and a second about to be signed it really isn’t viable. I know in WA with the vast resources industry people entering manual trades are more likely to opt for appernticeships that can take them up north etc where double, even triple perth money can be made.
From the brief posts I have read I gather you are from WA, 18 months ago I was going to build at the Anchorage, I ended up buy established still a good move for the time however if you look at back 18 months ago to earlier stages Anchorage, Thompson Lake it is easy to see that on average block prices are up 20 – 30k from early 2003 prices. I think it a good idea I am hoping to use the equity from my first place to do this most likely single story, build live in while finishing off and fiding the next block and then moving on. If you can do some of the work yourself, including the selling I think would be well worth it.
hi waynel2
I have noticed the same thing, I am looking Port Kennedy, Secret Harbour. There have been a few but mainly corners still around 900sqm so not too bad. Unlike some near success 440sqm for duplex block, single story restriction. I thought they were joking. You could buy the block next door 600sqm and 20k less but only 1 dwelling. Still on my search, stumbled across this forum today, looks like it will provide lots of good tips.
