I was some how  under the impression for some reason that as the giver, my mum would have a gift tax to pay ( as she was living when she gave it away to us, and it was not an inheritance to us. It was well over 10k which I thought was the threshold for giving away in any single taxable year period without incurring a gifting tax.   And upon…[Read more]

have also been looking at Mildura with the current rainfall and the river rising,,,,can only be posetive for the area as once was…..

I say a bit of bad luck if you can't come up with an idea to vouch for you……Funny story… I was in a simmilar position in 2001……….I worked house cleaning for a well off guy ( 15 hrs per week) 8 years in total… when my mother inherited money and gave it to me to find us a house.  80 k .  I immediatley sort to buy a home for her, mys…[Read more]

Judging on performance, I think the Mornington Peninsula is most favourable on all accounts…..Skeptics  prove me wrong…..We have a lot to offer down here…I, myself have made a killing in a 7 yr period…..that's not to say you will……Persevere, and you have to wait……it will happen……….We have almost everything here except…[Read more]

I could be game. My criteria would have something to do with a certain time frame factor, no exceptions…Ie, everybody knows they have super to look forward to but cannot access it, same for this type of project. Two /three years contracted maybe…Quick turnaround.

Hi DWEvery week i transfer out of my ANZ( thru pay anyone) into my NAB and it's there next day. Not by sight on Internet banking with either immediatley but is there same day according to later statements. Have been doing that for a year or so with mortgage.I had to set up recently over phone conversation with NAB for the same feature. They d…[Read more]

Ms Trump,Still only learning myself, but might it be more profit rewarding to demolish, build one,( PPOR), live in it while the other is being built (over a 12 month period), meeting criteria for exempion of CGT living in No 1 for the12 months required before selling.  Hence, no rental income in that first 12 months but then probably lots of tax d…[Read more]

Ms Trump,Still only learning myself, but might it be more profit rewarding to demolish, build one,( PPOR), live in it while the other is being built (over a 12 month period), meeting criteria for exempion of CGT living in it for the 12 months required before selling.  Hence, no rental income in that first 12 months but then probably lots of tax…[Read more]

hi bj , have never inquired about putting the extra c/c debt on the HL as I was only given 12 yrs loan term on the mortgage ,not sure if they will give me extra time with the extra 10k added to it. I will make some enquiries. taEveryone has given me a few alternatives to getting rid of the bad debt. I will do something asap. Thanks to all for your…[Read more]

Ta again Kenny,Both loans are with different banks, I will have to talk to my HL lender….eekk. but will do. It is logical.Cheers.

hey Kenny thanks, The c/c debt and the extra in mortgage payments was a fantastic idea but sadly I now think I have missed the boat as home loan rates will be up again before I can get to the bank. So maybe it's still a good idea to put the c/c debt in to the HL debt. ie… do no 3 first, transfer to another and get the 6 months intrest free ,…[Read more]

Have always managed to cope in life, never been one to save till now uless for something specific and then managed well.  Always spent what I earnt. Always had what I wanted (within my means), which has left me nothing for the future but boy have I had a good life so far. Want to try new life style. One where money is a little more plentiful. I…[Read more]

I have never been more ready than now to take the plunge. I am happy to wait till I have my bad debt paid out. I have recently been able to start to add an other $100.00 p/w towards the c/c debt. I have managed to make repayments with ease so far and expect that I could take on more now. This is a really cool site and I know it will continue to…[Read more]

Hi Kenny.                 Good question.. Reality is I guess I have liked spending money in the past. I will try to start my new path in life as of now. Cheers and thanks for the post. Jane 

Thanks everyone. You're all absolutly correct to say to get rid of the c/c debt first. I knew that had to go but was wondering anyway with 230/40k in equity and only 32k left to pay. I have always still kept paying my loan amount as if it was still 7.74% so I have done well there. I only have 4 and a half yrs to go and I will own it in 12 yrs. I w…[Read more]

Simmilar thing happened to me with my first (and so far only) home loan application with the NAB. I applied for a HL prior to finding a property. They told me how much they would lend me with my deposit. I asked for a pre approval certificate whih they gave me to make me happy . I was a casual cleaner and sole parent incomer with a aged p…[Read more]