Forum Replies Created
I wish it was only five minutes away. I would turn up, for sure!
Greg F,
Interesting post, i am aware of a friend who done this with buying his first home. And qualified for the first home owners grant, but he had to be on a pension (which is regarded as permanent). And i think he just applied for the loan thru his regular bank.
What’s sort of Centre link benefits, qualify for the scheme? How old are you friends children now? Is she on a pension or a regular Center Link payment andher children independant? I don’t believe you can get any loan thru any mortgage places or government organizations unless on a permanent Pension.
Also is this for Victoria? Please do inform of all the details, and much as you can, this topic is not covered very much in any forums.
In the eye’s of the reserve bank , i would say that he will leave it to stay the same.
I didn’t realize i got a reply again.
Seems it’s not so hard on the little fella’s. 30% and 15% sounds great!!!
Thanks for your help guys i really apprietiate it, so much.
Can i ask you guys a question..since you know all about this stuf!
Can i put my HB in a trust, it’s basically just a raw houseboat sitting in a paddock that i’ve built and it’s not part of any infustructure, i haven’t registered it have a title for it or anything. And also a first property i.e it will be a purchase of a property that a can be in, a residential property, can that go in a trust structure somewhere?
Jaffasoft
Makes me wanna move to Western Australia.
I havent had a chance to reply to this.
But i still don’t get this!
So if you have 80,000 left to pay the bank, is re finance when you take another Interst Only loan out so basically you do what you started with but ya go around again? Basically prolong what you owe.
So you could be indeafinantly be paying of the $80,000?
Unless you pay it all out of coarse with the benifit of capital gains.
That’s right, there is a lot of these tapes that have been done before.
It’s good to pick up a strange tape of the shelf.
It’s the sence that you make in your mind that makes the difference.
That reminds me of a sausage roll eposode.
I was alerted by this faint sound the other day, i didn’t know what it was. i left it for a while, then it got strange in my head, i thought to myself i wander what that is.I walked outside to try to discover where the sound was coming from. As i got closer it got stronger, i ran into the property and broke in thru the window (had been left open). The room was full of smoke and the alarm was going full bore. The sausage rolls this guy was cooking were cooked!!!
It was all ready to go up in fire. The guy was at his niebours only next door.
So it can easily happen, pay to keep your fire alarms up to date. it worked in this case. Don’t know what would have happened if they werent thier, i curtainly wouldn’t of got up if the alarm or some strange noise didnt ring! This guy had slipped sausage rolls in the open griller and walked away and left em.
About the economy…it makes you wander where it’s heading.
Excellent stuf rebecca.
Fair enough. The wordings changed now!
Thanks for the advice.
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Online Positive Cashflow Financial Analysis Calculator.I did have an explaination in there that explained that it couldn’t be printed, but i took it out because i ran out of room.
It is unable to be printed.
You can copy and paste the results text field into a notepad. which has the main details of the deal.
You can then print the notepad file! This is reasonable not that good. But then can save the results purmanently. Well as long as you don’t delete your Notepad file(or any text storing file for that matter) that you’ve saved on your harddrive!
Interest Only is the easiest one to do. Once you know how to do it you wander how you thought it could be so difficult.
I remember learning it and when it finally clunked.
I have a financial calculator in my site URL=”http://www.jaffasoft.com”]Calculator[/URL. There is a few different calculators in there in Property>Other calculators.There is a fairly extensive online positive cashflow calculator in there too, which you can choose Interest Only or Principle & Interest to calculate into the other variables. Once i get going there will be more calculators in there then known to man.
If you have any requests, i will make them up for you!
Your request has been filled.
>>Thanks very much for this calculator.It sure makes life a lot easier.<<
That’s alright. Thanks,.. Thankyou.
In the meantime just type 0 in the Stamp Duty field. I just tested it and it will only put a figure into the Stamp Duty field if you use the drop down menu. But if you don’t use the drop down menu and input zero in that field (i.e. just click in the field and type a ‘Zero’ in there.)
I’m taking it easy over the weekend. It won’t take much to include a ‘NONE’ selection in the drop down menu.
Derik, Could you email me the contents page as well?
I got this sorted out. You can select what state/territory or Tasmania.
It was getting a bit beyond my capabilities. I got a programmer mate Gaius Coffey over at GDCsoft.com to make it up. (Awesome programer/actionscriptor, incredible ability!!).
It’s a small drop down menu, but just the formula’s for all the states, with all the different prices and variations that can happen, alone took 181 lines of code. And the menu itself contains another further 481 lines of code.
Ok so a couple of changes:
1). You can select your state/territory or Tasmania to factor in the current Stamp Duty as at 17/04/2004.
2). Done away with the calculate deposit button it was not needed. It now calculates the deposit automatically.
You can still input the deposit percentage amount if that’s 20% , 10% or 0% whatever you want to put in there, it will calculate it in when you press the ‘Calculate’ button at the end.
Thanks for the suggestion Dram.
Great responses. I can’t complain about the comments i got. Thanks girls.
A great calculator…very handy to use.Just one question…. is it possible to update the Stamp Duty to include all states/territories rather than just Vic as the default? Perhaps a menu to select the state (similar to the “weeks Vacant” menu.
It is possible to include all states to a drop down menu. I’m giving it some thought.
“It may take a few days to get it organized”. I will post a message in here once i get that done.
Can anyone with good English go over the spelling mistakes and send me an email? That sounds good [blush]doesn’t it, a web designer that can’t spell [blank].
Steve Mcknight has made the best way to do this on an excel spread sheet.
Click here to view online:
Click here too download the exl spreadsheet:Sorry it’s at www Jaffasoft.com, i have made a calculator to use online to make it easier to do calculations online for a positive and or negative cash flow property investments!
Version1 can be accessed here:
Give comments and feedback. Anything you found difficult to understand or use? Please, Let me know. And i will try to clear up and make it better. It’s good to hear from newbies as your new and fresh and find the faults while fresh in your mind.
Enjoy……..What happens to the $80 thousand once you’ve got to start paying that off? Is that just straight pure cash money that you then owe the bank?
What’s the arrangement usually made with the bank? Is it over a set period that you begin to pay it off?
