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Lyrical
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@lyrical
Join Date: 2003
Post Count: 18
March 17, 2005 - 5:50 am
Bullaburra, about half way up the Blue Mountains. I commute to North Ryde which can take anywhere from one and a quarter hours to over two hours. But the air is lovely up here.
Insanity is doing the same thing and expecting a different result
Lyrical
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@lyrical
Join Date: 2003
Post Count: 18
March 9, 2005 - 11:16 am
Thanks Jenny
Insanity is doing the same thing and expecting a different result
Lyrical
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@lyrical
Join Date: 2003
Post Count: 18
March 8, 2005 - 10:05 pm
Thanks Michael,
I imagine that there would be a charge for this, do you know what I could expect to pay?
Lyrical
Insanity is doing the same thing and expecting a different result
Lyrical
Member
@lyrical
Join Date: 2003
Post Count: 18
March 8, 2005 - 2:04 pm
‘Remember, if the author offers an expensive seminar, put the book back on the shelf.”
Probably the best advice so far
Lyrical
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@lyrical
Join Date: 2003
Post Count: 18
March 8, 2005 - 1:28 pm
Hi Ratherbfishn,
You know; I haven’t seen a post from any of the usuals to your topic and that unsedttles me a little, but… In my humble opinion and I am certainly no expert, I would hold onto a property that has already shown the extent of CG you claim in such a short tine and have a very serious chat to a very knowlegdable mortgage broker about the most effective ways to leverage the equity you now have to make the Portland property tenantable now. Hang on to it for the long term and again utilise the Capital Growth only if absolutely necessary to get yourself out of the arrears bind.
Lyrical
Member
@lyrical
Join Date: 2003
Post Count: 18
June 28, 2004 - 4:52 am
Originally posted by The Mortgage Adviser:
Come on Jo…
Why should tax payers who CHOOSE not to have kids pay for taxpayers or non-taxpayers who make the choice to have kids?
No-one said motherhood wasn’t tough, but why should everyone else have to pay for some peoples CHOICES???
How about giving a ‘Working Bonus’ for those who don’t have kids but work 12 hours or more a day resulting in more taxes for the Government and the creation of more jobs???
It usually takes a lot to get a rise out of me however…..
I have four children. And yes it is an individual choice. However, while I make a lot of sacrifices to give feed, clothe and educate my children (and by the way, I did not receive the $600 per child, as it is means tested) I watch childless couples who have seemingly endless disposable income to spend on cars, technology, clothes, restaurants, holidays (the list goes on) knowing that it will be my children’s taxes paying for these guys in their retirement. So give us a break “The Mortgage Advisor”. The small amount of tax breaks and benefits that families receive ARE deserved.[grrr]
Lyrical
Member
@lyrical
Join Date: 2003
Post Count: 18
December 5, 2003 - 6:01 am
quote:
Hello!
Aside from the jokes about men in tights…or shorts, or with squeky voices …
My favourite on how to spot a NZlander is when they say the number 6. It always comes out a little different then they probably intended it too.
(Yep, I do giggle like a little schoolgirl, but I try not too) [:0)]
Must run…
Cheers
Sooshie []
When a problem is created the solution is created simultaneously
Hi Sooshie,
I laughed when I heard a story about some graffiti in an NZ town which read: “Australia Sux”
Underneath someone had replied:”New Zealand nil”

Lyrical
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@lyrical
Join Date: 2003
Post Count: 18
November 13, 2003 - 5:23 am
If you clicked on to the “Sell” button the charge was $495.
Lyrical
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@lyrical
Join Date: 2003
Post Count: 18
November 13, 2003 - 4:51 am
Hi Rubbachook,
A property can be negatively geared but give positive cashflow if after all tax deductions are claimed there is after tax cash in your pocket. One way of doing this is through depreciation.The best way to find out more about how this works is by reading. I’m a recent convert to Margaret Lomas’s books. Up until then I was stuck on one IP trying to figure out how I could possibly invest in any more and meet the shortfall each month. There are many other books on the subject and many other ways of gaining positive cashflow as I am still learning. Here is a link to a website that specialises in books on investing. I am also now subscribing to Australian Property Investor Magazine
http://www.wrightbooks.com.au
Lyrical
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@lyrical
Join Date: 2003
Post Count: 18
November 12, 2003 - 3:02 am
This is great! Some-one else is asking all the ‘stupid’ questions so I don’t have to. LOL had me stumped.
Lyrical
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@lyrical
Join Date: 2003
Post Count: 18
November 7, 2003 - 5:10 am
If you are buying to keep then capital gain is not so important. There are other ways to get equity in your property without relying on Capital growth. Look for mortgage/debt reduction strategies. Some ideas in Margaret Lomas’s books.
Lyrical
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@lyrical
Join Date: 2003
Post Count: 18
November 7, 2003 - 5:00 am
I was just wondering the pro’s and cons of saving the 20% vs paying the LMI. On a $150,000 property, 20% deposit will be $$30,000 whereas the LMI will be $3750. If you delay your purchase by 12 months to get together the deposit and the market rises by 5% your $150,000 property is now going to cost you $157,500.If you can save rather than borrow the LMI aren’t you better off? What do others think?
Lyrical
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@lyrical
Join Date: 2003
Post Count: 18
November 7, 2003 - 1:30 am
Thank you Todd,
I really appreciate your help and guidance. It’s a learning curve at the moment.
Lyrical
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@lyrical
Join Date: 2003
Post Count: 18
November 4, 2003 - 7:08 am
For anyone who is interested you can obtain some useful calculators at the Destiny Financial solutions site here: http://www.edestiny.com.au/default.html
Lyrical
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@lyrical
Join Date: 2003
Post Count: 18
November 4, 2003 - 5:02 am
This might be useful:
http://yourestate.com.au/index.php?PHPSESSID=0a375bcb1cc5fb1803c4ab8b33709986