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  • Profile photo of melbearmelbear
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    @melbear
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    Congratulations Rubbachook. Good Chrissy pressie.

    Cheers
    Mel

    Profile photo of melbearmelbear
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    @melbear
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    Vegemite is like Rupert Murdoch, born here, but now lives in the US and has US citizenship. Still owns/sells papers here, but money earnt goes back to America.

    Cheers
    Mel

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    Yes, SIS they did. Next thing you know they will try to steal our Wallabies[}:)]

    Cheers
    Mel

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    Hi Steve and welcome

    Could you finish the package and then rent?

    Did you buy the property initially for you to live in? Are you using the FHOG?

    Are you renting at the moment?

    You could always move in for 6 months, and then move out and rent it – and claim the CGT exemption as a PPOR for 6 years if you don’t have another PPOR in that time.

    More info required…..

    Cheers
    Mel

    Profile photo of melbearmelbear
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    Leigh, I would think that a CG focussed property, even if negatively geared, that achieves its required CG, could then be sold, pay down some of the loans you have, or be used to fund further positive IPs, thus reducing a 10 year plan by several years.

    Especially if you had bought said CG focussed property 1-2 years ago.

    Cheers
    Mel

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    Mini bought in NZ guys. I reckon there are still available properties with good returns.

    check out http://www.propertytalk.co.nz

    Cheers
    Mel

    Profile photo of melbearmelbear
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    That’s probably very true Andrew – I hope the next boom kicks in again sooner than we all think, so that the equity can skyrocket and move your plans ahead a bit.

    Cheers
    Mel

    Profile photo of melbearmelbear
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    From something I read that Muppet posted recently the population is growing, as they let quite a few immigrants in each year (of course, they lose lots as they come here too) but I believe it’s a healthy net gain.

    Cheers
    Mel

    Profile photo of melbearmelbear
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    Don’t they have something that says x.y number of people per household?

    I also would have thought that if 30% were rentals, it would suggest that 30% of people rent? Am i missing something?

    Cheers
    Mel

    Profile photo of melbearmelbear
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    I wonder what ‘a looooot of work’ really means? That it’s about to fall off the hill?[:O]

    Cheers
    Mel

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    Andrew, interesting theory, and one which I have followed to a certain extent. But now I find I don’t want to work anymore, and so I need some positive cashflow properties that will enable me to not work.

    If this means I have to go rural and accept no CG, then that’s fine, cos I have the other properties which are well located and will grow.

    Cheers
    Mel

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    Celivia, I’ve got all issues of API (bar one, which I must have lost, cos I know I did have it) and this is the first time that the data has been supplied incorrectly.

    As the magazine is published bi-monthly, there are not figures in every one, as they come out quarterly, but not before have the REI supplied the same data twice.

    I’m quite intrigued by them saying to Shaun that they ‘didn’t have them’. Perhaps the people he spoke to were the wrong ones to ask that question, and didn’t bother being helpful.

    Cheers
    Mel

    Profile photo of melbearmelbear
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    gmh454 I disagree that super funds borrowing relies on non disclosure.

    You can do it, it’s just difficult for the bank/lender to agree to what would be required.

    Cheers
    Mel

    Profile photo of melbearmelbear
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    http://www.abs.gov.au – may not go into the detail you like for free on line, but I think you can get it from the library.

    alternatively, http://www.walkabout.com.au has some info

    Cheers
    Mel

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    Hi guys, I don’t have a definitive answer – that would be from the accountants, but I’ve been told that 5 is the minimum for tax purposes, some things (can’t remember them either[:I]) must be 7, and for CGT etc. you must keep for x (5/7?) years after disposal.

    Cheers
    Mel

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    You can have Marmite, we have Vegemite, well, actually the Yanks have Vegemite. Weetbix might be all we have left – no, wait, there’s Golden Circle, or so the ads on telly keep telling us.

    sigh

    And Muppet, I know you said you were ancient, but 50 – I don’t beleive it!![;)]

    Cheers
    Mel

    Profile photo of melbearmelbear
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    There’s a couple that I can think of. FSBO (I think http://www.fsbo.com.au) and ANREPs, can’t remember their website as here they go by CANREPs, so it’s a bit different.

    Cheers
    Mel

    Profile photo of melbearmelbear
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    Rubbachook, me too. In fact I now know two[:(]

    Cheers
    Mel

    Profile photo of melbearmelbear
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    quote:


    i watched a movie once where Arnold died, now i ‘hear’ he’s Mayor of california, see, only in America


    [:)][:)][:)]Redwing are you always this funny, or does it just come out at 4 in the morning?[:P]

    Cheers
    Mel

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    They tried to steal Weetbix too. When I was there in 91 they had an ad on telly. ‘Kiwi kids, are weetbix kids…'[:O]

    Cheers
    Mel

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