GlobalMark wrote:
On the other hand from what you and others have told me you really need to keep tabs on shares on a regular basis and unless you have a passion for shares this would seem like a lot of hard work.

Another assumption.  I haven't sold a share for over five years.I buy high yielding companies that have a history of tax effective…[Read more]

As long as you understand that your ignorance has made you decide to turn your back on a legitimate source of wealth that many people invest in.  Most people if you include Superannuation.  A form of security that underpins the economy.of course your other choice is to do a little reading and make an informed choice.What I described was trading a…[Read more]

wealth4life.com wrote:
Hello all investors,For all those share traders out there can you tell me what sites you monitor … Huntleys or eTrade or any good suggestions please D

The sites I read are as follows:www.smh.comwww.invested.com.auhttp://www.hotcopper.com.au  (not so much any more)newsletters from http://www.motivatedmoney.com.au and several others…[Read more]

wealth4life.com wrote:
Dear oh dear whats wrong can't you people read,I asked for web sites that you use for information … i did not say "that these are the best sites" … i clearly asked for what sites you monitor … Simon i am surprised with your comment go back and read the question and you are the one who made the "generalization"Thank…[Read more]

GlobalMark wrote:
Dear Morgage Hunter,PS: If a trader is only right 30% of the time, wouldn't you loose money 70% of the time? (Exuse my ignorance, I am sure you have answer to this one)Kind Regards,Mark LeithProperty AdvocateGlobal Buyers Agenthttp://www.buyersagent.com.au

Not if you cut the losing trades fast and let the winning trades run as long…[Read more]

I have never met a stockbroker who didn't invest himself in stocks.  Of course trading is a specialised subset of the stockmarket and I sure hope there are brokers who don't trade.I think your post is a whopping generalisation that is impossible to substantiate even if it was remotely true.Of course noone can predict movement 100% but a trader…[Read more]

Sounds like you were able to make the system work as it should!  Well done mate

You should be able to just redraw the funds to use as a deposit on a new IP.  This would be easiest.Otherwise topup the existing loan.Do not redraw and use for personal use ie a car, holiday etc.  This will be nondeductible and mess up the whole thing!

So you didn't live with him in this house when he got the grant?who asked to sign that agreement?  This is all new to me and I appreciate your story.  I just worry to much about people getting into strife!

I can only send it to folks who email meI cannot message you and attach it via this website.Ciao

So there was two transactions involved.If the other person was your ex partner and you had lived together for more than 12 months then you have claimed it fraudulently.  This might get picked up in an audit.  I hope you can convince them it was an error and not deliberate fraud.Cheers,

No, I don't believe so.  But they don't tell me much.

As long as you don't live in the IP you can still get it later.  This changed in 2000 but many people still don't know.Cheers,

shel25 wrote:
I'm pretty sure that it doesn't matter whose name is on the mortgage loan, rather whose name is on the actual 'title' of the property. I was able to get the FHOG after my previous partner had already received it on the same property! that was because my name wasn't on the 'title' only the mortgage loan

You both got the FHOG on…[Read more]

Buying an IP does not stop you from getting the FHOG at a later time when you buy a home.

it is already on two blocks of land.  You wont even have to subdivide it. 

Just sell of the second block if you wish as long as the house is completely built on one block with the necessary room between it and the boundary.  if it is a Qlder you can move it accross quite easily.

It depends on the price as to whether it is a good deal or no…[Read more]

it is already on two blocks of land.  You wont even have to subdivide it.  Just sell of the second block if you wish as long as the house is completely built on one block with the necessary room between it and the boundary.  if it is a Qlder you can move it accross quite easily.It depends on the price as to whether it is a good deal or not.  The…[Read more]

sizzling_duck wrote:
Thanks for the response.I was sort of expecting this, which is why I was asking the question. I doubted I could but would prefer to find out rather than close the door on that option altogether.So really my choices are:Keep the 100,000 dept and make it a +ve rental Sell it and use the money to clear out most of the debt for…[Read more]

You got to understand that the new loan against the old home wont be tax deductible so there is not much point to taking out the LOC.  Even if a loan is secured by an IP the deductibility is determined by what you spend the actual money on.  In your case it will be a new PPOR so it will be personal debt.The easiest thing to do will be to cross c…[Read more]

Lynette Greig wrote:
Hi there am new to this – someone please tell me what FHOG, PPOR and LOC means Thanks LG

FHOG = First Home Owners GrantPPOR = Principle Place of Residence = Home as opposed to IP or Investment PropertyLOC = Line of Credit = a flexible type of loan run in a similar manner to a credit card