Hi Scotty,

I don’t think anyone here is overcome by a collective fear… I think it’s good to have an idea of what COULD be coming and plan accordingly. All part of being a prudent investor IMHO. It’s a fact that economies move in cycles, and that people win and lose all the time. The key (obviously) is to make the right plans to be on the right…[Read more]

FROM THE NEWS WIRES:

This year’s oil price surge will not be a replay of the oil shocks of the 1970s and 1980s that sent the United States into a series of recessions, Federal Reserve Chairman Alan Greenspan said on Friday.

Greenspan delivered a generally upbeat assessment of the economy’s ability
to withstand this year’s spike in oil prices,…[Read more]

kay,

isn’t that the velocity of money? ie keep it workign as hard as you can?

cheers
r

In that case, it is good AND true… as long as your friend doesn’t buy another PPOR in the mean time, the first one remains CGT free (for 6 years I think)

Hmmm. So following on from your post, you think that a lot of + geared investors are lemmings. What a nice compliment to pay the forum.

BTW I thought Rosebery was the place to be… heaps of + geared deals there, or so I hear.

r

I just hope that ALL and sundry who try and obviously rip off the FHOG get caught and are made to pay the money back… just another version of bludging IMHO…

For those that need it and use it properly (even if they live in it for the first 6 months) I don’t have any issue at all.

Cheers
r

I think it’s legal to charge rent while you’re still living there… but bear in mind the CGT implications due to income received… an accountant would be better to advise on this.

As long as you ARE actually living there, there should be no effects on the FHOG (but I’m not an accountant)

Cheers
r

It sounds dodgy because it is dodgy. If you’re fine with committing fraud and the possible consequences that go with it, then go right ahead.

This IMHO is one of the reasons the FHOG should be axed.

cheers
r

Patrick

are you talking residential or commercial, cos I can tell you that I’ve been watching gladstone for some time… have visited as well… and I’ve not seen one (residential)… I’m sure they would have been there a couple of years ago…

If you have links to show otherwise, it’d be good.

Cheers
r

Hi all,

Jo, you’ve often said you’ve been active in 3 cycles… what were your experiences in them… how did they differ/what were the similarities? How long did it take the wheel to turn for yields to catch up with prices? Was the most recent boom longer/shorter in your experience? (I’ve heard differing views) Interested to hear your thoughts.

Cheers
R

I agree Lucifer

thanks for sharing the story chefspop.

underlines the importance of due diligence and extensive research… hope your next experience is much better…

cheers
r

hi ona

another piece of advice is to start with the end in mind… so I wouldn’t rule out setting up a trust first… I wish I had…

and yes, DD I believe transferring into a trust incurs double stamp duty.

cheers
r

Hi again

It’s not a term deposit account, you can deposit and withdraw as you need to.

Citibank’s interest rate is 5.4%, ING is 5.25% (I think)

Cheers
r

yes I opened one a couple of months ago and am very happy with it.

cheers
r

yorker, tough one

If I’ve been incorrect, please accept my apologies… I don’t think there’s anything wrong with healthy scepticism… believe me, we’ve had some dodgy people come and go on this forum over the past year or so, hence the criticism and questions.

cheers
r

I think all 3 of those posts have been in support of Yorker too… hmmmm.

Hi.

To be honest my BS detector works overtime when I read posts of Yorker’s pumping up Rosebery… for similar reasons that Westan posted elsewhere… but I don’t see any problem with this type of thread, if people want to invest in this town, it’s at their own peril. Then again, I always say horses for courses, so maybe I shouldn’t be too…[Read more]

Originally posted by Yorker:
None for sale, doubt there are any left guys. As for you Richmond, hardly worth my time, isn’t the point of this Forum to assist others in their investing pursuits? Wouldn’t isolating one of the few remaining regions to purchase Positively geared property be of some help/use? Do you have any better options?

Easy to…[Read more]

more to the point, how many has he got for sale?

yorker

please get your hand off it

r