What makes you think Richmond has any less undesirable types??? I grew up in North Fitzroy, and worked in Abbotsford/Richmond, pockets of which had a mixture of low and upper class socioeconomic groups.

If you don’t agree with Frankston North, it’s simple, don’t buy there, but to “assume” an area won’t grow simply because of a particular…[Read more]

Originally posted by Dazzling:Wondering how people out there are able to glean all of the good lessons learned about property from elderly folk, who, due to computer illiteracy, are unable to contribute to forums such as this.
Yes, I did!!! The “old folk” well, maybe weren’t quite so “old” then but they were definitely totally computer…[Read more]

Hi Jenny,

Try taking a trip down to your local nursery. A simple idea is to put up a bamboo screen (or some other type of plant/vegetation) to camouflage the unsightly structure. We have a huge industrial sized reverse cycle air con system (external unit being outside in our backyard) which we encased in a 6′ foot high screen with a few ferns…[Read more]

Originally posted by gameone:
I had a look at the links that you posted and note that Frankston Heights area is expected to have a -ve population growth. With the hospital, Uni, and the new bulky goods development, why is this?

Hey Pat,

Those links I posted where to help give people an overall view of Frankston (all sectors of) as well as…[Read more]

Thought about a 4 x 4 tent once, going cheap c/o an Army Surplus store near home, but as I have an aversion to anything even remotely connected with “camping” I decided to forego this great opportunity for a more popular type of building material; hence the erection of a brick construction!!! [biggrin]
Besides, IMO unless you were going to buy the…[Read more]

No problem Betterbiz,

I didn’t feel you were “attacking” per se, although I could have sworn there was a podium watermark on your post!!! [tongue]

I couldn’t begin to imagine doing your job, nor would I want to. I should think you have had your days of feeling you have been beaten to a pulp by the stupidity stick held firmly in the grips of…[Read more]

Betterbiz,

I have been investing in property for 24 years, buying and selling since I was 18; not as a trader, developer or any such business, but for my sole benefit. As I said in one of my earlier posts I am not familiar with CGT for Business, however CGT for individual gains; that I can (and do) lay claims to knowing something about, and…[Read more]

Fair call GP [biggrin]

I do see your point, and yes INTENT is a tough point to argue, hence I’m glad it’s not me trying to prove mine.

Also, agreed that unless you are claiming a loss, if you can get away with claiming any profit as CG you stand in a much better financial position (tax wise). All in all, ANY loss (property or shares) is best…[Read more]

Redhaven,

Try these:

Street Directory
http://www.street-directory.com.au/aus_new/index.cgi
Great maps for all states

Whereisonline
http://www.whereis.com.au/whereis/home.jsp
Great maps for all states including Directions Guides to help with mapping out routes

Land Channel…[Read more]

Yes GP,

But LAND is not CGT exempt UNLESS you build your PPOR on it. Should you choose to build a revenue generating property on same (using the above INTENT example) it will still be liable for CGT at 100% rate (<12 months) or 50% (>12months) discounted rate.

I am not familiar with CGT FOR BUSINESS ventures, however it is my understanding that…[Read more]

Hey Marisa,

While you at it, have a read of the replies to same thread in SS (there is only a handful).

http://www.somersoft.com/forums/showthread.php?t=19096

Cheers,

Jo

Oops sorry Derek,

Should have been more specific, this unusual occurrence did not happen at the same time as it did here. The 600+ figure happened some weeks ago, and has since been forgotten.

Perhaps there was a full moon that night also!!![biggrin]

Cheers,

Jo

More than likely not Derek,

A similar thing happened in SS with some ridiculously high figure (600+) which was (as you have done) also queried.

Probably just a computer glitch, however on the flipside, there may well be a lot of “night-owls” out there!!! [biggrin]

Cheers,

Jo

Originally posted by betterbiz:
Hi CRJ (& Gumshoe)

Thank you for the summary on the issue.

One issue that was not mentioned, and one that Gumshoe needs to be careful of, is that of the investor’s intent when the asset (in this case property) was purchased.

In Gumshoe’s case the stated intent is to settle on the land, build a dwelling and then…[Read more]

Capital Gains is calculated from contract of sale date.

That is, from the time YOU bought it in Oct 04 (not settled on Apr 05) to the time YOU sold it (not the time the purchaser will settle).

Nah, I’m not keen on green tights!!! [biggrin]

Hi Marisa,

Thanks to one of the posters in SS, I thought this may be of interest to you. Take a look at the table of Estimated Resident Population in Major Regions in particular halfway down this list is Mandurah (WA) showing population growth of 4.02% between…[Read more]

Awwww shucks [blush2] thanks Wayne,

Yes as I said, initially it was all about breaking the boredom, but once you really get into it there is no looking back. I can’t recommend highly enough, that at some point, everyone should try and volunteer some of their time to helping others; it is very life changing for all involved.[biggrin]

Cheers,

Jo

Originally posted by bwendan:
I’m not too sure, but at the moment it seems to me that chartered accountants are more qualified, what do reckon guys?
Based on what has already transpired, albeit still on a friendly level, your question is a loaded one and I believe Bwendan it would be a better idea to remove this part of your post to prevent any…[Read more]

Originally posted by setmefree:1. How long it took to achieve financial freedom.
Hmmm…since I was 11 and working after school (many many moons ago).

2. How long ago and at what age.
I retired from the “paid” workforce in 2002 aged 39. I set my mind to retiring before I turned 40 and I did so (just months short of my target)

3. What do you do…[Read more]