Richmond,

I’m impressed!!! Well said, and soooooo true!!! [biggrin]

Jo

Murph,

Yes your informant is somewhat misguided.

CGT does not apply to your PPOR (principal place of residence), however if it is an investment property, then you must have owned it for a minimum of ONE YEAR (not two) to be eligible for CGT 50% reduction, that is you will still have to pay CGT but at a reduced cost.

Furthermore, there is a 6…[Read more]

Wilandel,

Smart investors would not be buying for immediate capital gains in this current market, they would be buying because the percentage drop allows them to pick up deals “at bargain basement” prices, and with methodically researched strategy, should be able to secure a well reduced property price with future CG potential.

It’s all part of…[Read more]

Originally posted by aussierogue:
i reckon middle ring suburbs – ie those 10-20 km from the melbourne cbd have seen a 10-15 pct drop in price over the last 6 months.

houses that used to ask 440 now asking 380. 380 now asking 340 etc etc.

inner suburbs and ones near the sea holding there price

anyone agree

That sounds pretty much on the money…[Read more]

Originally posted by MiniMogul:
God loves you Monopoly, but I, flawed human that I am, find it damn hard.
Lucky for me I don’t hold any false aspirations then isn’t it??? [blush2]

Agile,

Maybe you should try on the word “troll” for size.

And if you want to talk about “backflips” refer to the racist thread, you make far greater of use of this tactic than I do.

Cheers,

Jo

Originally posted by Gramyre:
I dont think Monopoly was saying the growth came from LOTR, just the international attention to the country.

Thanks Gramyre, how refreshing to see someone actually read and UNDERSTAND plain #@$%# english!!!

Cheers, [biggrin]

Jo

Originally posted by agile:
an overseas market which has largely achieved huge recognition as the direct result of media popularity thanks to the LOTR phenomena.

Are you kidding Monopoly? You are seriously putting the growth of NZ property values down to a movie that was made in the country.

Tim/Agile, [offtopic]

Please re-read MY quote to…[Read more]

Originally posted by MiniMogul:
Here is the truth, and unfortunately I know that there are some here that will find this the hardest to deal with. It is: that the back of bourke properties (i.e. mine, steve’s in ‘west wendouree’, westan’s, del’s etc) that have way way way outperformed the blue chip or the up and coming inner city areas for capital…[Read more]

Point taken qwerty,

But as I said earlier, if it doesn’t appeal at first round, the second time will again not necessarily win my favour. Not necessarily because of price, but because of growth potential and/or location. I have set my own boundaries as to where I will buy and if it does not fall into that parameter, it is a non-goer,…[Read more]

Nahhhhh [eh] don’t think so qwerty!!!

If I am not likely to “agree” when first informed of these deals, I seriously doubt I will be taking them on board the second time round!!!

Cheers, [biggrin]

Jo

Oh pleazzzzzzzzzzzzzz…………

How about reading a few posts first before you ask this question that has been done to death!!!!

I agree qwerty, but here’s the thing:

PEOPLE DON’T LIKE HEARING THE TRUTH!!!

They expect to post their ideas/plans up and that we “seasoned” investors blow wind up their perverbial backsides with comments like “yeah, hey dumbass, that’s a great idea, sure sell your IP that has grown by some 50% to buy 2 sh** holes out the back of bourke (if you…[Read more]

If 11sec rule doesn’t work, what then?

Get over it!!! [rolleyesanim]

Take more time and review your strategy!!!

After all, it is a guideline (rule of thumb) and I don’t think it’s intention was ever to become the 11th commandment!!!

Sheesh….[blush2]

Hi Yack,

You know my opinion on this matter, we have discussed it many times. The only discrepancy between our opinions is that I believe that NOW is the time to buy BUT not at the expense of selling off a prime CG property (as I have read in this forum way too often of late) and/or if you are at risk of overextending your finances.

Ensuring…[Read more]

Give it up Derek, Yack, Terry….

The sooner you “smart boys” realise that more and more people with the same views as Michael are going to be coming out in droves, the more enjoyment you will get from reading others posts trying to talk them into doing what YOU and I know has worked for decades!!!

Personally, I’m sick of trying to talk sense…[Read more]

Hi SuperTed,

I agree that really you can read all the articles, books, listen to the new reports, documentaries, but to fully appreciate the level of tolerance for racism in this, or any country, you need to experience it first hand.

Anything short of that, is (a) pure speculation, and at best (b) blind ignorance!!!

We live in a great country,…[Read more]

Originally posted by PaulDobson:
We simply get full contact details of prospective buyers on the phone (including their drivers licence number) and ask them if they’d like to have a look inside. They all seem to be very happy that they can have a look around inside by themselves and we’ve never had and problems with this method of showing our…[Read more]

Brooke,

Smells like dried up spilt milk to me!!! [bawl]

I do hope you find a way around your dilema but unfortunately, unless one does their DD first, especially with “wraps” (that is, with the view to onsell) they are looking for trouble and shouldn’t be surprised when it finds them!!!

What you never heard the expression “horse first, cart…[Read more]

Originally posted by padmaa23108:
[biggrin]Jo,
I didnot take offence at your comments. Truth is harsh always.

I’m glad you didn’t take offence, none was intended. More importantly, I am glad to hear that the message did get through, this is mostly to Derek’s credit for so aptly highlighting the value of compounding interest.

As per renting to…[Read more]