exactly.

haha you made my day keiko.

thanks Ash, and yes Im in WA.I did notice the thread you created, Ill take a look at that flow chart as well.Thanks for your advice, Ill be sure to raise my questions as they arise.

I scrapped my kids online savers a year ago. Now I place their funds in our offset and keep a record of their savings.

All the due diligence was done prior to purchase.Its 739m2 R30 with ROW, no encumberances or limitations on the title, all below ground utilties arr clear.Rear block 270m2.In the next fortnight Im organising a surveyor to come in, Im still in the process of deciding on the plan, current favourite is a 3×2, double garage. Waiting on a turn key…[Read more]

but why is it high turnover?

keiko wrote:
Hi Terry,I also have a question, My mum has been in a relationship for about 10 years and her boyfriend holds around $10m in assets which are all in a family trust which is only linked to him and his side of the family, he has also made my mum sign a prenump agreement stating that she can not sue him for half or take him to court e…[Read more]

is that the sort of place youd want to buy in?

He didnt have insurance. He also self manages.

I can see how it might be an untapped market but heres a story for you, close to home.Father in law rented one of his IPs (happened to be next door to him). He allowed one pet rabbit.When the tennant moved out, he found lumps of sand outside and one wall cracked right through. To his amazement the rabbitS burrowed under the house, beneath the…[Read more]

ok this is mute since the tenant was expecting to use the back for storage.thats ok anyway, over the next year im going to go through the approval process to build on the back.Im working with my local real estate agent to work out what to build so i dont over capitalise.It looks like Ill be building a 3×2 on the book and spending some money on the…[Read more]

thanks Jamie.

Thanks Jamie.The second option is great, as long as CG is enough to cover the interest on 600k plus LMI and fees.Also, where are these people buying for 200k for a house? I wouldnt think theyd be buying in an area where CG will be good and at least sheltered a little from a downturn.This isnt 2001 anymore……What do you think?

If its a reno buy the cheapest pain on the shelf.Ive been lucky enough to use a painters discount which hekps a lot!

Andrew_A, yep exactly.Dan42, income splitting, thats how it should be. Basically we have a household income when it suits the government.

propertyboy, to check you loans interest rate, go into netbank and select the view repayment details option for your account.

Unfortunately when we bought out PPOR we were not as savvy, used P&I and paid it down in 6 years.We have two IPs each with there own investment account IO only with offset on one. The first is neutral, the second is -ve geared.I personally like to have separate accounts for them.

hehe cool, im not worried, im in charge of my own destiny, dont need to rely on government policy.

it will mate. may i ask, why are you lobbying for these? and how are you lobbying?

haha good for you mate, i wish you the best, but a lot of what you are lobbying for would be hard to get over the line.