PS: The news about the discretionary trust/hybrid trust not receiving the benefit of the threshold is just depressing, but thanks for alerting me to the horrible fact[].

Hungry[]

Hi Huey,
I’ve heard the idea of no land tax in units trusts being mentioned before, but this is the reply I got from the NSW OSR a couple of days ago:

quote:

Re: Trusts

Unit Trusts are not exempt from land tax,they get the benefit of the
tax free threshold which is $261,000 for the 2003 tax year.

If the total land value of property in the Unit…

[Read more]

That’s right, BB, you need the right people for the job.

I have an Oz P/L as trustee for an Oz discretionary trust. I inquired about the chance of getting a loan from a NZ banking institution. The reason I asked is that some people on this site seemed to think it was way too difficult. So did I at that stage but I thought it couldn’t hurt to ask…[Read more]

Huey,
If she wants to teach English in Japan…too easy[]

Regards,
Hungry[]

Hi Huey,

I’m REALLY no expert but…

“I bought my Sydney IP almost 2 years ago. I didn’t receive any notice from the council regarding land tax. Is that because it’s land value is still under the threadhold of $261K ?”
Yep[]

“How can I find out it’s land value?”
If you check out the gov. vluation that should include land value and improvements…[Read more]

Hi Scott,

I have done everything unseen from JP (solicitor, agent inquiries, valuations etc.)so far using the internet resources (ADSL is beautiful!!!)and the good old Brastel phone cards. I am due to call a builder today to organise an inspection. I’ll use the online yellow pages[].

I was a little wary at first, but as long as the offers are…[Read more]

People have always communicated “true” concepts and principles couched in parabolic symbolism since the the evolution of complex and developed language. Story has always been the favourite medium for communicating thoughts, ideas and beliefs as many of the world’s most ancient manuscripts testify. The fact of the matter is, a true story doesn’t…[Read more]

Hi J.,

Not sure where you are, but In QLD there is no distinction regarding trusts. All trusts are land taxed based on unimproved land value on a sliding scale the maximum being 1.8% for >1.5 MIL. The cap for QLD is 170K for trusts, NSW I think is around 260K (don’t know if trusts are taxed differently to this) and victoria do the .1c-5c in the…[Read more]

Hi again,

I’ve just been looking at the HECS deal on the net. You don’t actually incur any interest[]. It just creeps along with inflation. So, since that is the case, I wouldn’t worry too much about paying it off in a lump sum (any payment over $500 is still awarded a 15% reduction in the amount you are paying off…higher reductions if the…[Read more]

Hi Scott,

To tell the truth, mate, I really think it all revolves around how much debt you actuall have. Mine is almost 10K (nice deposit[xx(]) by now with the growing interest (which is higher for a supplement loan I believe). If yours is significant it will still compound at three percent. If it is a low amount it won’t be so onerous, but that…[Read more]

Hi Scott,

Mmmmm…good question. I’d like some light on this one too. So far I havn’t mentioned it because it doesn’t really qualify as a student loan, does it?

I have a hefty Austudy supplement loan that I plan to pay as soon as I can simply because I just don’t like the idea of having the thing growing like a cancer in the dark recesses of my…[Read more]

Hi guys,

Dolf is an entertaining presenter. If you want the info, buy the book. But really, for the motivation and networking you’ll get, $60 bucks aint much! Go hard, I reckon.

I’m just wondering if his jokes are any better than when I saw him three years ago…

Regards,
Hungry[]

Well Pinky, the author is one of those accountant types, you know. They are quite intelligent…but a little low on artistic creativity []

I haven’t read his book, BUT I was bogged down with a text on family systems psychological theory by some french guy (?) once that I couldn’t really come to grips with. I mentioned it to my lecturer and she…[Read more]

Hi guys (generic []),

My wife and I are both currently teaching English in Japan…not much different to factory work really…bring em in, process them and send them out…NEXT! [xx(]

We are most recently from Brisbane but were both born in NSW. My wife started the whole “make money work for you” thing with Rich Dad Poor Dad (aint he got a lot…[Read more]

Hey Milkman,
I’m forever ringing up agents in the same area to get an idea of what the rents might be. I usually ask three different agents to get a reasonable ball park figure. You have to take the condition and extras into account.

By the way, they want you to buy IF they think you are a buyer. I’ve called agents and asked about rental prices…[Read more]

A big thanks to you Mini[], I’ve noticed over the months that you are very generous with your time…really appreciated.

You’ve cleared my mind considerably. That is no mean feat [xx(]!!!

Just one question:

I have made contact with a solicitor in the north. Can I use this guy with any property transaction in NZ, or is it more convenient to use…[Read more]

Firstly, a big thankyou to all the contributors on this forum over the last year or so. You’ve inspired and motivated me to take the big first step and buy my first IP…well, actually, I haven’t bought it yet[]. I’ve been on the hunt now for three weeks. Each time I’ve found one that fits my criteria others have always beaten me to it or have…[Read more]