Great Link, thanks mooki.

Would you have any advice for people who have worked really hard to acquire assetts and then have gold digging partners take all?

Lifexperience

Weren’t mods like some kind of 60’s music type bad dressed groupies……………………………… I don’t know…..I wasn’t born yet.

Lifexperience

thanks terry,
my own ramblings sometimes don’t even make sense to me.

Clear and concise, an art you seem to have mastered!!!

Lifexperience

This area fascinates me.

My understanding is that a defacto with no kids involved is dealt with in the state courts and each partner is only entitled to portion of assetts that they personally contributed to.

Add kids to the equation,,,,,different story.

If you are married (with or without kids, ) then it goes to the family courts where the custodian of the kids (usually wife) gets a very good percentage of the lot.

I would have thought a legally executed document pre-nup or joint partner agreement would protect the assetts you originally brought to the table and everything after that would be divvied up.

Can anyone add to this?

Lifexperience

Good point, I’m not a multi millionaire yet, I should stop stirring you up ………..

Boy, did I get a good bite though!

Have a nice day blogs :0)

Lifexperience

I’m not going to argue the toss. I lived there also up until recently and it was only the rare occassion when it took more than 25mins. Whatever, I don’t travel with the rats in peak hour, maybe you do.

I don’t have to explain why Glen Waverley is a very desirable suburb. The house prices there speak for themselves. It has and will continue to be a good growth suburb.

I was just a little concerned that you were throwing around facts that I felt were very biased and untrue.

And for the record (ho hum), a block that could fit a tennis court and a pool in Glen Waverley would easily be converted into a 6+ 3br Townhouse site and sell for $450,000 a pop. I doubt this would be standard in Bacchus Marsh.

The value of a property is usually in the underlying land value and how much money you can make. NOT so much how many tennis courts fit on it.

Compare apples with apples, and you may stake some credibility.

Lifexperience

I’m no accountant, but I would say that if the trust is making regular tax payments (ie: weekly PAYG) then YES.

HOWEVER>>>>
I doubt that your trust is making regular tax payments (PAYG) to the tax office if it only owns property (AND I hope you haven’t combined an assett with other income producing activities for assett protection reasons!). So you couldn’t vary something that you weren’t paying anyway……so NO!!

Different story if it is a Hybrid Trust. But in this case you would be adjusting tax for the loan in your personal name. So YES!

Clear as mud?

Lifexperience

Property Guru (broker) was very helpful when I needed to find a lender that could do 80% on a large rural property.He is good.

It might be worth sending him a PM.

We used Homeside at that time.

Lifexperience

positive cashflow is just looking at your income(rent) versus your expenses (holding expenses ie: insurance,interest, rates, repairs, vacancies)

You can make a property positive cashflow easily by decreasing the amount of interest you pay. Ie: Pay more deposit/money off the loan.

This is separate to what the property value is. As the value of a property is usually affected by how much family homebuyers are prepared to pay in any given area and in what condition/location/size/etc it is in.

Lifexperience

Glen Waverley is usually 25 mins to city via S.E Fwy. Has a very good quality Public High School, Cafes, Many Parks, Shopping Centre and a lovely train line. It also has a booming asian immigration population. The median house price here is a lot less than $900k………blogs, where on earth did you get all of this bogus info?????????????

Yadeh, I would be looking at Bendigo. I heard that they may be entering a gold rush!

Lifexperience