Forum Replies Created
Well (in aussie’s words) being a product of an elitist education, I can honestly say, I don’t mind either way. Although, my children have always been given the option to choose for themselves where they wanted to go!!!
I have friends who went on to become lawyers, doctors and politicians, and who unlike me, weren’t forced into going to a “toffee-nosed” girls school by their lawyer, doctor, politician parents!!!
What I think SHOULD happen, is not the abolishment of private schools, but a massive injection of (continued) funding for the public sector schools, so that ALL children can have the same opportunities, regardless of where they are made to hang their bags!!!
Jo
Malachii,
Just because something is “guaranteed” doesn’t mean it doesn’t have risks associated with it; granted it may not be a risk of monetary loss, rather it could encompass more emotionally driven stressors (thus risking one’s health).
Making 1K every 10 days is a tremendously huge claim, and sustaining such long term targets is near impossible (I say near, because I am sure many share traders have done this at some point), although from my little knowledge of this investment vehicle, the greater the risk, the better the return!!!
Overall, the likelihood of such a continued success will IMO only guarantee disappointment!!!
There is much truth in the adage “if it sounds too good to be true, it probably is”!!!Jo
Perhaps one of the most beneficial pieces of advice was given to me as a child, by a well known business tycoon (and family friend) who said
“Wealth does not come from making a dollar, it comes from spending it wisely”!!!
God Bless Him; he was soooooo right!!! He taught me heaps!!!
Jo
Hi Jayhayley,
What exactly do you want to know about CGT???
It does not apply to the sale of your PPOR.
It is calculated at the full 100% rate if you sell a property (which has generated income, ie. rent) which you have owned for less than 12 months, after which time, this will be reduced to 50%
You can turn your PPOR into an investment property, and be exempt from CGT if you sell the property within 6 years of you leaving it, PROVIDED you do not buy another property and claim it as your PPOR in that time.
Well that’s a start I guess. Sorry, I can’t think of anything else off the top of my head, but if you want to read up on it, go to the ATO website http://www.ato.gov.au and search under Capital Gains Tax; there is plenty in there about it to keep you entertained!!! [sleep2]
Cheers,
Jo
Thanks TerryW, link has been edited accordingly[smiling]
It can be done, even guaranteed, but the real question is not HOW, but rather, at WHAT RISK LEVEL???
Remember, a fool and his/her money will soon part ways if they gamble on chance!!!
Jo
Hey Trish,
I say, times are a changin’ [blush2] errr….hang on; that’s already been said, oops….they’ve changed!!!
Whether we like it or not, in order to lead a more fulfilling life, I believe we need to move with progress and try to eliminate narrow-minded ad antiquated (mis)conceptions thereby defining our world as it was 10, 20, 30, 100 years ago!!!
Cheers,
Jo
Yes Geo, that’s a good question. My guess it is attributed to the exclusive “mentor” program. It might be worth asking, how long has the site been running??? The date at the bottom of the page indicates 2000, but doesn’t say when it was last updated; hence it may have been a pre-MAPPERS initiative.
For those who want to check it out, the link:
http://www.wealthtipsonline.com.au
Jo
Originally posted by arborphile:I still have a quite a bit of saving to do so I have no choice but to spend time researching.
Hey Arborphile,
Investing is not just about buying and selling, it is also about researching, for without this, all you are doing is gambling. Due diligence can never be underestimated, and if that is all you can afford to do right now, then it is time well spent!!! To be armed with knowledge, will help when it comes time to making the right investment choices!!!
Keep up the good work!!!
Jo
Hey Richmond,
I have seen 4 cycles in my investment life, where prices and yields are running in opposite directions and again when they have been parallel to each other. It is nothing new, and certainly nothing to be feared (not for the seasoned investor); perhaps this is so for the more “fly-by-nighters” but certainly not for those who are serious about long term investment.
I particularly don’t mind having lower yields ATM because I know it will be short-lived. But more importantly, because yield without growth (IMO) is not viable (for me) as my preference is for growth, which BTW is also stagnate ATM, however again, this is also not a long term state. True, it may take a few years to see a shift prices, and yields, but overall, things will (and always have) panned out in the the wash!!!
It is definitely (again, IMO) time to buy, or at the very least, offload “non-performers” in exchange for “future performers”!!!
Cheers,
Jo
Hey underdog,
Just wanted to add a small “congrats” for purchasing the West Preston property. I lived in Preston for many years, before I moved further out north. I can safely say that the price you paid for the property 12 months ago, was well spent. Although Preston has had good growth over the last few years, it is expected to go through another spurt in the next decade. And being only 12km from the CBD it is definitely in a good locale!!!
Cheers,
Jo
There is a “search” function available, left hand side of the screen; give that a go.
If you’re lucky and someone remembers the post they may post up the thread in question, however if not, it’s probably because they can’t remember it either. Hence, do a little investigative work of your own, and you may surprise yourself!!!!
Cheers,
Jo
Hi Gizmo,
Firstly, welcome to the forum!!!
This is where your learning can start, and at no cost (except for maybe your internet service). Read, read and then read posts here, and ask questions. It’s free and people are always happy to answer anything you may need more info on.
If you wish to educate further, try buying a copy of API (Australian Property Magazine) which comes out monthly, and at the back of it, there are many “investment” books listed which may appeal.
This is probably the cheapest starting point, and if you want to progress further, maybe attending a few seminars from book authors (once read). If you have questions re these seminars, again, post a question here, and people will respond accordingly.
All the best, and happy learning!!!!
Cheers,
Jo
True Celivia, but I believe it is very durable, and as long as you don’t walk on it; there’ll be no footprints, hence no problem!!!! [upsidedown]
Hey DD,
Yes I know people like YOU and Westan (for example) really do do your DD [lmao][lmao] and hence, as an investor I would have faith in areas you researched. Keep up the good work!!!!
Cheers,
Jo
Hi Simon,
Just a word of warning, I have seen it in a “display home” and although it looks fantastic, it shows up EVERY FOOTPRINT and hence keeping it looking flawlessly clean (I would imagine) must be a nightmare!!! It is like walking on high gloss ceramic tiles, and although it can be very cool under foot, you cannot miss the “WOW” factor when you see it!!!
http://www.greenhouse.gov.au/yourhome/technical/fs34f_4.htmIf you don’t mind the constant “polishing” of it then it is certainly worth putting in, and for extra warmth, I’d recommend the hyroponic in-floor heating Kay mentioned, which has been around for a while here in Vic, but can be very costly I believe!!! http://www.radiantfloorheating.com.au/
Cheers,
Jo
Hi Mslodyczka,
There was a thread called “Buying Cashflow in Oz” in here, but since the debate did not go to some people’s liking it was deleted. It encompassed a very healthy discussion on buying +CF Australia, and it outlined some very valuable/noteworthy points.
Unfortunately some threads do get locked, or worse, deleted without justifiable cause, which is a real shame, as there is much to be learnt from differing views (provided ofcourse that there is no derrogatory inference to any person contained within same).
Anyway, back to your question…..
There are +CF positive properties available in OZ, albeit fewer than when Steve purchased them, nonetheless they do exist, and if you don’t mind buying in remote rural areas, then you will find them easily enough. However, heed the warning, that research into these properties is even more imperative than those in regional areas, mostly because some of these investments offer little CG potential.
As for Victoria, +CF properties are almost non-existent.
Remember do your DD and you won’t be in the “doo-doo” later on!!!
All the best in your endeavours.
Jo
Does a mother/housewife who goes back to the workforce “retire” from home duties? Or when she does “retire” from the workforce again is she then considered retired when she resumes (probably never stopped) her household duties?
Hmmmm….good point Matt!!!
I guess it could be that he/she (ditto on not discriminating against any possible house-husbands out there) resumes those duties at the end of their (paid) working day, hence they are presumably never fully retired??? [blink]
I think in today’s society, mainly because of the shift in work ethics and economic climate in which we live, definitions are much more malleable as these two environments slowly amalgamate, thus (IMO) providing us with a healthier, happier and more productive way of living. I don’t believe (and never have) that one lifestyle ends and another begins, why not enjoy both???
I see “retirement” as a CHOICE; the emphasis being on whether an individual chooses to work as much or as little as they want. But that is my definition; each person will interpret “retirement” as they see it applies to them (either now, or in the future).
Once upon a time, a family unit was defined as a man, a woman and 2.2 kids, but in society has changed and there is vast diversity in what constitutes a family today. To fully comprehend what is happening around us, we need to adapt our thinking accordingly in order to evolve/move with the changing times!!!
Jo
Hi Jenny Lee,
The price range you stipulated, the distance to CBD and access to good public schools is very achievable in many Melbourne suburbs. To name but a few would be Brunswick, Coburg, Balwyn, Box Hill, Heidelberg, Ivanhoe, Thornbury, Preston, etc etc etc…there are so many!!!
If you can’t decide on an area, maybe you could check out the nearby school(s) first. Try
http://melbourne.citysearch.com.au/search?type=bridge&query=Public+Schools&flavor_id=24%2B1%2B2%2B3%2B4%2B5%2B6%2B7%2B8%2B9%2B21%2B26%2B28%2B29%2B32%2B33%2B34%2B35%2B36%2B38%2B39%2B40%2B41%2B42%2B43%2B44%2B45%2B46%2B11%2B12%2B13%2B14%2B15%2B16%2B17%2B18%2B27%2B30%2B31&neighborhoods=&sort=name&context=generic&x=14&y=7 (and select either primary or high school) and another good site (for private schools) try
http://web.ceo.melb.catholic.edu.au/about/schools.asp and check out what is available, and where. Then look into the area in which this school is located. If you want to check out how far any of the schools are to the nearest train stations, go to http://www.street-directory.com.au/aus_new/index.cgi or http://www.whereis.com/whereis/home.jsp and when you select an area, just put a search in for train stations and it will pin-point those nearby!!!It is really a matter of personal choice. Certainly some schools are better than others, but again, as with most things, research is the key!!!
Good luck,
Jo
Bon Jour Francois,
Here are few links sent to me by a friend who was recently looking into Kalgoolie:
http://www.gedc.wa.gov.au/populat.html
http://www.abs.gov.au/Ausstats/[email protected]/0/f245e8d67d84ced7ca256db80077bee2?OpenDocument
http://www.egmdgp.com.au/Information/local_information.htm
http://www.abc.net.au/goldfields/features/transit.htm
This last one is particularly interesting not so much in relation to just Kalgoolie’s population movements, but the whole of WA.
Please note: Statistics provided are at least 2 years old.
Cheers,
Jo
Oh I dunno HotRod,
Around here it seems, you’re damned if you and (as in your case) damned if you don’t!!!!
I know you meant no disrespect to your dad; your posts never indicate any such maliciousness.
Cheers, [sunny]
Jo
