In this market volatility unless it is on stocks/shares you already own………I personally wouldn't bother. All you need is for some bad news to come out of Wall Street and our market will haemorrhage at next open. Stocks gap down by 5-10 % thereby wiping out your premium received.There are better times to be doing this and current volatility…[Read more]

Folks,Let's see things as they are and not worse than they are. I am not Pollyana, but neither is my glass half empty. As Jon has alluded to above there is still much demand for housing and people have to live somewhere. That we will probably see some sideways activity and slight further  correction in many Aus markets is probably a…[Read more]

yarpos wrote:
HiI dont understand……how do tax cuts slow down the economy?  doesnt injecting more spendable cash into the hands of the masses keep it percolating along?….and encourage the RBA to take it away with interest rises

Yep. Injecting more "spendable cash" into the hands of the sheeple will make Harvey Norman and other vendors of…[Read more]

Great food for thought Bardon. Thanks for sharing the info.

Maxxi wrote:
Scamp … please stop posting ridiculous posts in this thread … you're an absolute idiot and have not a clue about the Australian Market.  Figures you are quoting for Varsity are idiotic …. you're making yourself out to be more of a fool every post you make … give up!!!NO ONE TAKE ANY NOTICE OF ANY POSTS WRITTEN BY SCAMP!!!  V…[Read more]

Scamp wrote:

Benhaman wrote:
240 per weekhttp://www.realestate.com.au/cgi-bin/rsearch?a=o&id=104580217&f=0&p=10&t=res&ty=&fmt=&header=&cc=&c=82032024&s=qld&snf=rbs&tm=1213268179

Quote:
This investment has it all for the astute investorGreat depreciation!

Haha.. he warns you already there "Great DEPRECIATION!" I think I found the first…[Read more]

Hi D,you make some good points. I don't believe the market has bottomed. That may occur in another 6-12 months. BIS Shrapnel are amongst the more pessimistic of the forecasters and they are tipping a further 0.5 % rate rise this year and maybe in one hit around Sept.I seek my information from books, online sources, networking and attending…[Read more]

Canterbury has many gracious period style residences that are either exposed brick or weather -board.If your new dwelling is in a mock period style, I'd say lay off the render. If it is modern or McMansion box style, you have the choice. I would look at the surrounding houses in your street and neighbouring streets and make your own mind up, based…[Read more]

Thanks for that Richard,Always keen to learn……..that has clarified a point for me that I was unsure of.

In Victoria it is permissable to sign "Billwha and/or nominee" and confirm the entity/owner prior to settlement. The Co and/or trust needs to exist prior to settlement. Not so sure about QLD. Seek legal and accounting advice…….and don't rush. There will be other sweet deals.It is very expensive to undo "wrong ownership" and transfer after the…[Read more]

Great question Peter.I haven't used such financing however your term of  "money partner"  probably needs clarifying.Do you mean a formal partner in a project or investment, where say they provide funds and you provide the leg work or sweat equity.?Or funds used as seed capital (deposits) to gear up to a larger loan thru more traditional l…[Read more]

Mcubed82 wrote:
hey there, thanks heaps for your respones, I don;t have a mentor, are u offering? i love getting advice on topics i lovecheersMel

Hi Mel,Have sent you a PM.

Sailesh C wrote:

Jon Chown wrote:
SaileshC wrote – The project should have a return of at least 60% return on capital invested…… Please explain?

With most small developments you will need around $100k of funds from existing equity to help you fund your purchase. This money will be used towards purchase costs, interest and development…[Read more]

Maybe they meant that the actual depreciation  schedule (and report) needs to be completed by the quanity surveyor by June 30. As I understand it, you can claim the past four years worth of depreciation (as long as you have owned the property during this period) retrospectively.

And to add to seank,1. House prices can (and have) also gone up.2.If my tenants stop paying rent, I evict them via tribunal protocol and claim thru landlord's insurance. Get a new tenant.3. Unlikely………rents would explode. 4.Please explainhow legislation change will affect my rent.???5. My LVR and DSR is conservative6. Insure life, income and…[Read more]

Agree whole-heartedly with Jon, JTW and Mick.Scamp you are welcome to have an opinion and free to post it here, no matter how negative and pessimistic it is.You are even free to criticise, attack and rebutt the opinion of others, HOWEVER, you are not welcome to be critical or to attack the people themselves as you did in your very first post and…[Read more]

Is this another nexplan info-thread……..and did they all join yesterday (28/05/08)….https://www.propertyinvesting.com/forums/property-investing/general-property/427076Freya, if you are legitimately ineterested, duckster is correct.Spend less than you earn (pay yourself first) and invest the difference in appreciating assets. Re-invest the…[Read more]

Isn't the power of synchronicity amazing, both Mike and Sandy with their query and GregA with his maiden post/response have joined on the same day (today).  Please share the good fortune that they taught you Greg so that we may all learn and become financially secure just like you. We are all here to share the learning and would appreciate your fu…[Read more]

You mention it would be a tight squeeze, however if you could (option # 3) remain in your current PPOR and rent out the two new dwellings (? town houses/villa units) and ride out the financial side, you will find that the depreciation that is allowed as a paper loss on brand new buildings and accelerated on fixtures/fittings will assist you…[Read more]

H Mel,At age 25 you have a great goal to "retire" or at least have more choices in your life by the time you're 35. Most people over-estimate what they can achieve in a year however they often under-estimate what can be achieved in a decade.You have 10 years to live your plan.First you need to decide "what you want". Quantify it. Is it  $ 100,000…[Read more]