I’ve been looking around for a house in Woden/Weston, Fadden areas in the last few weeks. I’m really shocked! They are all unbelievably expensive. The prices are inflated especially those in the low end. I have a feeling that investors jumping in to buy properties just in any condition in a hope that they can renovate and sell at a higher price…[Read more]

Thanks Bill for the offer and the links. I arrived here in the middle of the Australian involvement in VN war, June 69. No wonder why people couldn’t keep their eyes off me when I wore my highschool uniform “Ao Dai” out. When I find my old photo in Ao Dai I will send it to Pl.

I like to start something in a few years time, when my children finis…[Read more]

*** For WOMEN to read only ***

+++ Cut by the Board of Censors +++ []

It must be KIDS.[]

Huey

Hmm, you may be not older than me and you order me just like my dad! [] Since we crossed the Pacific ocean in the opposite directions in that faithful year I think we are related in some way so I forgive & forget.

I was named after the famous river in a town where I was born and it sounds a bit like Huey. Can you guess where it is? and will you…[Read more]

Hi Bill,

In the same year the government sent you overthere to fight they took me here to study.

Regards

Huey

Hi Josh,

In general, to be able to do this, you need :

– a deposit of 20% in cash or equity from your other property and
– enough income to service your loan.

We borrowed 105% to buy our last IP with 99% in my hubby’s name. We had money for its deposit but chose to use this money to pay off another IP in my name. The reason is my husband income…[Read more]

Thanks Mel,

I used to ride a Yamaha 50cc motobike back in my country but somehow I’m scared of driving cars.

Bill probably still remembers the sights of highschool girls in long white dresses with long back hair & conical hats riding motobikes or bicycles everywhere at the end of the school hours.

Regards

Huey

Thanks for your warnings Bill. I’m about 20 years older than Phil so I’m safe but if I were Paul I would feel threatened! [] Huey

Hi Future$,

As your pofolio grows you will be busier.

I think you can’t have both unless you delay having kids for at least 15 years. Ask yourself that you want more time with your kids when they are young or you want a better $ life for them when they grow up.

Others may think differently.

Good luck.

Huey

Hi Falcon,

1. You can get 6.25% if you put your savings in a mortgage offset account (tax free if it’s on your PPOR).

2. You can get 4.75% from ING bank but interest will be taxed.

In both cases your money will be available at call.

Regards

Huey

Hi Paul,

I need your resume including your photos. A face to face interview would be preferred.

Hi Mel & PL,

I’ve been thinking seriously about your offers to teach me driving & break dancing. I think it’s great to have driving lessons with Mel in the morning & dancing lessons with PL in the afternoon. I will cook lunch for…[Read more]

Hi Alf

You wrote that you have done your sum. I assume it involves : calculate your capital gain, take away agent/solicitor .. fees, take away the depreciation allowances you have been claiming so far. Add this amount to your taxable income. From here you would know how much capital gain tax you have to pay and how much Net gain you have made…[Read more]

Our family’s tipping entry for RWC is so far so good with 100% correct.[][][]

Hi Peace,

I think other costs can be:

1. Refurbishing. It can be very costly.

2. Increase in management fees.

3. Cost of some unexpected major repairs.

It’s harder to sell as well.

Cheers

Huey

Poor Arty! I think he is still in agony & can’t move his arms, and Pinky has to do everything including spoon feed him.

Wishing you a speedy recovery.

Regards

Huey

Hi Fields,

You wrote “At the moment, +ive cashflow houses are not the place to go …. Think capital…its been my ultimate success”. I think -ive cashflow IPs are worse off at the moment. I have one and just thinking of 2% increase in interest rate has made me worried. It means $9000/yr more we have to pay to the bank on $450,000 loan.

I agree…[Read more]

Hi George,

It’s sad to know that there is an epidemic of “15 and 16 year olds that are falling pregnant”. They must be the ones who genuinely need help financially & emotionally. I hope I can help in some ways.

I’ve been paying tax since my 1st job into my retirement. Sometimes I wonder why the Gov doesn’t spare me anything. They still tax me on…[Read more]

Hi Andy, Phil, Mel, Shaun, Kristi & Paul,

It’s good to see you all.

Regards

Huey

A man holding a bus stop sign knocked on our door this morning. He told me that the DOTransport will build 4 new bus stop shelters on our street. He has decided one will be built in front of our house but if we pay him $100 he would shift it to the next door. I hope everyone will pay him so all 4 new BSS will be build next the the existing one,…[Read more]