Hi guys,

The orders were designed to protect X's litigious earnings.

The court knew that the passing of property and cash assets would send me bankrupt – and ordered me against doing so. The only debts left are unsecured.

There are 2 parts:

1. I am not to declare bankruptcy and/or commit and act of bankruptcy or present a debtors petition
2. I…[Read more]

hmmm, that's an interesting idea.. thank you

Terryw wrote:
Just ask ING to return your money. They will chase it up to the OSR or Gadens and return it to you. Ask for a bit extra to cover the lost interest as well.

terry good advice, and have done so.MANY THANKS!

 – buy another house and pre-pay the interest for the 1st year. – increase your life insurance/income/trauma etc and pre-pay for the the year – take out a stocks investment loan and pre-pay for the year

try thishttp://www.sahben.com.au/files/gladstone_article.pdf

thx gents for your responses.I need to talk to my accountant.cheers

Terry,So If I acquired a new property in November 2007, I assumed that the old place ceased to be my main residence.I also assume that the CGT is based on the value igrowth between November 2007 and Ausgust 2010…

hmmm, thx Terry.I have a dilemma, time to hit up my accountant. thx for all the responses.cheers

i should add my wife hasnt done a tax return in 8 years… no PAYG income..

I'm confused… sorry As far as the tax department is concerned my old home can be declared as PPOR, until I sell it, which I'm doing (correct me if I am wrong)I'd planned to declare the capital gain from November 2007 – August 2010, which may be 100k (or 50k if the 50% CGT discount is applied); and stating that my Just out of interest does the…[Read more]

crj wrote:

pwinne wrote:
It was sold in early 2008. We didnt, or havent claimed any exemption.I was hoping that MY old PPOR was considered as such until I moved to the house we are in now, in November 2007.Valuation may be an issue…? I dont think I have one for that specific date frame.Cheers

Unless your wife has shown a capital gain on her…[Read more]

crj wrote:
What has happened with your wife's house you moved into?  If this has been sold and your wife has claimed the PPOR exemption, then your POR exemption will only be until you moved in.  If it has not been sold then you and your wife need to look at whether half the PPOR exemption should go to both houses or the whole to one house.The s…[Read more]

waiting for the crash so you can buy huh?good luck – IF, and I mean IF a crash comes I suspect those waiting for the big 50% saving will miss out because the crash will most likley be caused byhigher IRs > 10%banks will need a high deposithigh unemployment good luck getting a loan. be careful what you wish for

Hi Richard,I don't know if your offer is still open for reports, if it is, could you please send one to [email protected] for 835 Humffray St, Ballarat (Mount Pleasant) It was last sold as 1 LOT but has been subdivided (plan of sub-division)cheers

I've bought a few IPs in ballarat ALL +pve geared.I buy under 200k and love it. Not the same appreciation as melbourne, but ho hum they are paying themselves off.actually in ballarat tonight hoping to make an offer on another IP here tomorrow!cheers

Hi Matt,Thank you, that has answered my question.Cheers

try mortlake, victoriahttp://www.realestate.com.au/property-house-vic-mortlake-106262297?tm=1269611649&c=36470653&t=res

sophieh wrote:
People bought in Frankston North for 60-80 2 years ago?? That's a pretty big exageration isn't it or perhaps you are missing the 1 in front. A friend of mine bought in Frankston North about 6 yrs ago for 100k (burnt out inside) spent about 50k fixing up and could possibly sell for about 250-270ish now.. that admittedly is pretty…[Read more]

Frankston North hey, and people were laughed at when they bought there for 60-80k 2 years ago.They are going for 250K+ now. Its not the area you should worry about its the % return.I have many houses between Chelsea and Frankston (not in Frankston admittedly) as I went out to Dandenong last year when prices dropped.Frankston is a large diverse…[Read more]

ajadee73,you are of course free to have your opinion; say what you like, however I disagree with your property prognosis. There is nothing wrong with  5-10% swing in median house prices over a given period. Property investing has proven itself to be an excellent long term growth vehicle.Speculators both make and lose money when shifting property…[Read more]