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JetDollars
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March 14, 2004 - 6:12 am
Originally posted by Rugbyfan:
Oh come on.
“…New South Wales Treasurer Michael Egan has seized on those comments to claim Canberra has a secret plan for a national land tax…”
Well I claim that Michael Egan is a useless treasurer – does that mean I am right? Where are the facts? Usual crap reporting by the ABC trying to justify itself as a serious media outlet (and failing badly in my opinion).
‘Eat rich food, barbeque a yuppie’
I think you’re right, rugbyfan.
Kind regards
Chan Dollars
[Retire Young Retire Rich]
JetDollars
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March 14, 2004 - 6:11 am
Originally posted by kay henry:
Here’s a reference to that story:
http://www.abc.net.au/news/newsitems/s1065616.htm
Problem is… abolishing stamp duty for *first-home buyers* homebuyers relieves that group. But a $2k duty for each home (including IP’s presumably) for each year of the property’s existence? That’s a lot of moolah.
kay henry
but stamp duty is just a one of where as $2000 per year is a lot money in long term. Therefore, the government planning to back step the citizen.
Kind regards
Chan Dollars
[Retire Young Retire Rich]
JetDollars
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March 14, 2004 - 6:09 am
Thanks Kay for the link. Below is the info from the link:
Last Update: Sunday, March 14, 2004. 2:22pm (AEDT)
Claim Fed Govt planning national land tax
The New South Wales Government has accused the Federal Government of secretly planning to introduce a national land tax.
It claims the tax would cost each home owner in the country $2,000 a year.
Prime Minister John Howard has called for the abolition of stamp duty to ease pressures on house prices.
He predicted a Productivity Commission report on housing affordability due late this month would back the idea.
New South Wales Treasurer Michael Egan has seized on those comments to claim Canberra has a secret plan for a national land tax.
He says Mr Howard chose not to mention the Commission’s draft, report released late last year, suggested replacing stamp duty with more efficient taxes, including a comprehensive land tax.
“That’s the recommendation that Mr Howard is supporting today – abolition of stamp duty but the imposition of a land tax on every land tax in Australia – approximately $2,000 a year for every household in Australia,” Mr Egan said.
Kind regards
Chan Dollars
[Retire Young Retire Rich]
JetDollars
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March 14, 2004 - 6:06 am
Originally posted by Rugbyfan:
Chan$, I think you will find that to be a furphy. From what I read/hear and understand – all states (and Federal Government) are trying to make housing affordability easier for first home owners.
I would be surprised if;
A) The Federal Goverment would want to put land tax upun land tax (ie. many houses are already subject to land tax already)
Land tax is a State Government tax anyway
C) I would think that it would be the most unpopular move in political history in the current economic climate.
Probably just a scare campaign.
‘Eat rich food, barbeque a yuppie’
Rugbyfan,
That’s what I thought. If more land tax take effect then property price slump will go faster than normal.
Kind regards
Chan Dollars
[Retire Young Retire Rich]
JetDollars
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March 14, 2004 - 5:50 am
Kay,
reply in blue:
Originally posted by kay henry:
Chan,
Many of us know that one can buy CF+ properties.
I don’t believe that because a lot of people still ask this question and that including this topic.
If people go to schinellas RE of broken hill, one can probably find dozens on their website.
Yes they can, but some of them don’t know if you don’t mention it. And I did a lot of research into broken hill before and found that high vacancy rate in the area that’s why I don’t buy there, but I am sure other will because everyone is different.
When you say it’s easier than it was before, I haven’t heard of any major downturn in prices for properties in regional or rural areas (presuming that’s where you got your 10.5%). On the contrary, I believe there’s still demand for the cheaper, more affordable properties- in regional areas at least. That’s what the REI’s say- particularly first home buyers have been buying in more regional areas (for example, in QLD, such as ipswich area, as that’s the only places they can afford.
Please explain how it’s easier to buy cheaper properties now with high yields? [?]
I reason that it is easier to buy cheaper properties now because people worry about interest rate rise and wait for opportunity. Therefore, when properties listed on the market not many buyer show up, vendor getting nervous and will accept the first one or two offer. This is not alway the case.
The reason that you haven’t heard of any major downturn in prices for properties in regional or rural areas because not every regional or rural areas is going down.
Has you ever heard when just one area is booming? of course not, but yes you will heard sydney is booming because majority of sydney is booming that is why.
All the information regarding slow down in properties price is base on the area that I am purchasing only.

kay henry
Warm Regards
Chan Dollars
[The bridge between where you are right now & where you want to be tomorrow is knowledge]
JetDollars
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March 14, 2004 - 5:35 am
thank you for sharing. it’s quite a good read
Warm Regards
Chan Dollars
[The bridge between where you are right now & where you want to be tomorrow is knowledge]
JetDollars
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March 14, 2004 - 5:29 am
and now 1353.
Warm Regards
Chan Dollars
[The bridge between where you are right now & where you want to be tomorrow is knowledge]
JetDollars
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March 14, 2004 - 5:28 am
[^]
Warm Regards
Chan Dollars
[The bridge between where you are right now & where you want to be tomorrow is knowledge]
JetDollars
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March 14, 2004 - 5:27 am
Originally posted by muppet:
Hi Chan
Bad news for you lad, after talking with the powers at be this expression of yours
Warm Regards
will no longer count for a posting.
Regards
I tested and it still alright! see the next one.
Current posted count: 1351
Warm Regards
Chan Dollars
[The bridge between where you are right now & where you want to be tomorrow is knowledge]
JetDollars
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March 14, 2004 - 5:26 am
[^]
Warm Regards
Chan Dollars
[The bridge between where you are right now & where you want to be tomorrow is knowledge]
JetDollars
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March 14, 2004 - 5:18 am
Originally posted by muppet:
Hi Chan
If you are coming through at the speed of light, then you should have been there last week and not nearly there next week.[]
Regards
it is the speed of light that I create which mean it is not as fast as you thought it is…lol.
Warm Regards
Chan Dollars
[The bridge between where you are right now & where you want to be tomorrow is knowledge]
JetDollars
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March 14, 2004 - 5:17 am
Originally posted by spi:
what about landlord’s insurance? is that relevant? how may that be of any advantage?
sang-froid
landlord insurance is the most important insurance if you are a property investor.
I heard that there are no such thing in nz as landlord insurance. Coz I am planning to buy there and now I am bit worry.
Warm Regards
Chan Dollars
[The bridge between where you are right now & where you want to be tomorrow is knowledge]
JetDollars
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March 14, 2004 - 5:14 am
Originally posted by muppet:
Hi Guys
There is a chatroom at http://www.propertytalk.co.nz
which isn’t too busy, certainly not as busy as the chatroom at Somersoft.
Some of you have accessed the chatroom already.
Regards
Muppet,
Thanks, to be honest propertyinvesting.com is the only website so far that I posted and read most of the time.
I have not been to any other site. May be I will in the future.
Warm Regards
Chan Dollars
[The bridge between where you are right now & where you want to be tomorrow is knowledge]
JetDollars
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March 14, 2004 - 5:11 am
Originally posted by SlumLord:
Lets stop talking cashflow and start talking rental return. Rent devided by Price of the property. I know there is more to cashflow than that, ie rates, vacany, interest rate on loan, but this at least gives a more subjective starting point.
I have bought houses in VIC in large regional centres with 8% rental return (bought in the last few weeks). Have a mate that has found 10% in small regional vic towns. Stuff still out there. easier to buy now than 3-4 months ago.
Slum Lord
I also bought couple at 10.5% yield. I agreed with you that it’s still out there and yes it it easier now to buy then before.
Warm Regards
Chan Dollars
[The bridge between where you are right now & where you want to be tomorrow is knowledge]
JetDollars
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March 14, 2004 - 5:07 am
Originally posted by yack:
Bottom line is now is not the time. Maybe 5 years ago was.
I am sick of hearing people and gurus say – you just need to look harder – its your fault if you dont find them.
Remember we are at the height of a property boom. Be patient there will be good opportunities in the future.
Oh- dont forget interest rates may rise in the future which soon makes a ve+ become ve-. So I dont believe now is a good time.
I am sick of those people that alway want to buy -ve gear property. and oh don’t forget interest rates may rise in the future which soon makes a -ve gear become very -ve -ve -ve gear. So I believe anytime is a good time to buy.
Warm Regards
Chan Dollars
[The bridge between where you are right now & where you want to be tomorrow is knowledge]
JetDollars
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March 14, 2004 - 4:58 am
Originally posted by redwing:
reminds me off..”what do you do if your wife’s staggering around the back yard”??
“Shoot her again”
It’s ok, i’m at work.. i’m safe[:X]
REDWING
“Money is a currency, like electricity and it requires momentum to make it Effective”
I am at home and I keep looking back…lol.
Warm Regards
Chan Dollars
[The bridge between where you are right now & where you want to be tomorrow is knowledge]
JetDollars
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March 14, 2004 - 4:57 am
Originally posted by Prop16:
I assume you’ve to do the dishes yourself? []
(like me)[!]
occasionally, but I still survive…lol
Warm Regards
Chan Dollars
[The bridge between where you are right now & where you want to be tomorrow is knowledge]
JetDollars
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March 14, 2004 - 4:56 am
[^] [^] [^] [^] [^] [^] [^]
Warm Regards
Chan Dollars
[The bridge between where you are right now & where you want to be tomorrow is knowledge]
JetDollars
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March 14, 2004 - 4:54 am
yes that’s right faster than the speed of light…lol
Warm Regards
Chan Dollars
[The bridge between where you are right now & where you want to be tomorrow is knowledge]
JetDollars
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March 13, 2004 - 4:53 pm
Originally posted by wrappack:
A much easier way (if possible)
i) Stay at home with the oldies
ii) Buy investment property in a place which you would like to live in down the track
iii) IP will probably be neg geared- thus, you will lose a bit of cash, and get a proportion of it back at the end of the fin year
iv) living at home will reduce your expenses significantly.
v) Equity will build up in the IP, can always access it.
vi) Leave when you cant put up with the oldies anymore, or they kick your arse out the door.
If only I knew about this a decade or two ago, but, no, unfortunately not!
I totally agreed
Warm Regards
Chan Dollars
[The bridge between where you are right now & where you want to be tomorrow is knowledge]