Also logged into this late – but here is my 2 cents worth.
Had my grandparents here for lunch (they are down from QLD or 2 weeks) on Saturday.
Sunday was raining here, so we hired videos (“The Italian Job” & “American Pie-The Wedding”) and generally veged. Don’t usually get to do this, so it was great!
I have lived in Sydney & Adelaide & now Newcastle. Have to say that I LOVE Adelaide, and after coming back to Sydney I couldn’t wait to get away again.
I was fortunate enough to buy my house in Sydney 5.5 years ago and am now renting it out.
Newcastle is fantastic! Close enough to Sydney to visit my rellies, but far enough away that…[Read more]
Originally posted by liverpoolharryk:
I think this Latham guy is an absolute joke, Can anyone really see him representing Australia on the international stage?
God help Australia if Labor get in! I don’t believe he will do half of what he says and if he does it will be Paul Keating all over again, country goes into huge deficet then it will take…[Read more]
Not at all!! You have been a tremendous help. I just didn’t want to keep bothering you with endless questions. I thought I might have been becoming a pain!
Lisa
The gap will always be too large if you don’t at least try to make the jump.
I too have tried to work out how many of these I would need to earn approx that figure and I too get a headache.
Don’t get me wrong, I am still keen on getting into the market and am hopefull that we will be able to find decent cf+ properties, but I am not going to jump in unless I am a little more positive about the outcome.
The way I see it there are a few ways to look at this. It depends on what you are looking for from your investments.
1. If you are looking for strictly capital gains and growth of your investment, looking for something to give you returns in the long run, then -ve gearing is one option.
2. If you are looking for investments that…[Read more]
I’m with you Rachel. My gut instinct tells me this is just common sense! Why should I be paying money out of my own pocket for a supposed capital gain I can access when I retire and sell the property???
Does anyone have advice on whether it is better to pay interest only or to pay principal & interest?
It was our PPOR until December last year, so we would (thankfully) avoud CGT.
Its hard to wrap my head around his argument (being a non-accountant), but what he basically said that adding the rental income to my existing income, then deducting the allowable expenses for the property would leave me with a tax bill not much under what…[Read more]