DD concluded .. and, we've passed on buying one of these.We understand that the State Government portion of the 'rebate' is treated differently to the Federal Government component, this is called non-assessible non-exempt (NANE) income.Its covered it seems by Section 8-1 (2) of the ITAA.That sections says one cant deduct losses for NANE…[Read more]

Many thanks to all for the comments.  The tree and olive investors thought some of the same things Of our two trusted accountants, both raised the same concern in precisely the same way.Our DD is almost concluded and we are hoping very much that the assumption a lot of folk appear to have is correct.  Conversations we have been having with the re…[Read more]

Thanks ScottActually none of the threads say anything other than éligible'.  Outside og NRAS, we understand if we knowingly rent for below market rental and costs are apportioned at the same percentage, as we understand it.  I can find nothing that says the costs etc associated with NRAS would not be discounted by ATO to 80%.

Many thanks ScottAnd we agree – athough many would fall back to just cash flow neutral or marginally negative if it was 80%.The non-profits andthose folk who got into the differing Heads of Agreement arrangements must have thought he same thing, before the ATO ruled against the arrangements, and the Govt needed workarounds ahead of a legislative…[Read more]

Many thanks guys … have passed on the info and web site/s

Hi bacon et al …I be in Perth too .. though u aren't accepting privates there bacon … happy to yak etc off line … not an expert, and dont have anythin to sell .. but always interesed to yak – and eat over yakkin … the odd drink even .. in respect of property .. be it bacon, flowers or sals R

Yo CB57 Richard can be a grumpy bugger .. BUT .. he is generally right on the money (though ya might find interesting arguments between Richard and Marc on occasion about Xcollats etc) … Richard and many others appear to focus on paying down debt whenever possible and minimising costs wherever practicable.  A good thing, particularly in the pr…[Read more]

Scamp .. am sorry mate, am not Dutch .. and you go on doin ya thing – ya evidently enjoy it .. good for you   Unfortunately, I deal with journos (many good folk among em), who do what you do here .. pick out the only word or a single passage that allows a 'hook' to peddle a message .. again good for you .. and you're very good at it … we see…[Read more]

When we got our first, we thought – well there's a landlords insurance thing .. must be there for a reason .. so we took it out (after a few quotes) … got a prop manager – as one does … tenant – yup need them, got some …. and they always paid on time .. the odd glitch .. but up to date …BUT … we had a prob with the prop manager .. all…[Read more]

Ummmmmmmmmmmmmmmmmmmmmm .. actually, yes, I do see Woolworths closing out the independants they knocked over in the last couple of years … in the wee patch in my State at least, and yup, they have sold the premises the 3 to 4 times wages rule … mmmmm .. was that before or after the shift from margins to total wage? … or before or after the…[Read more]

hehehe .. as you said .. to each their own

Ta Richard .. is OK, the accountant, financier and tax folk do … that such an arrangement is available within an LOC suggests that some folk do actually find it useful – or it wouldn't be a part of the product … understand your comment re 'within' and LOC, however, the effect is the same inside or out (and you may labour under the notion that…[Read more]

also keep an eye on Iluka and the work 20ks outside Ouyen (though we've left Ouyen alone – is probably a magazine or two away ) …. Ouyen (or Manangatang – where there development is occuring) is commutable from Mildura …. Ouyen has jumped a big % of a low base in recent months, though we'd suspect (though do your own research), that a town…[Read more]

One suspects the etax software wont mention it simply because one cant wash personal funds through against an investment loan – or the redraws become non-deductable debt. 

interesting thread … One of the big four does actually have an offset within an LOC (portfolio) … [though they generally do not use brokers and where they do is with a minimal return] .. it is useful if one has the savings, and multiple positive balance accounts can be offset against a single nominated portfolio account (which cannot be f…[Read more]

I generally try to stay out of the chicken little discussions … Marc – you be spot on as usual .. Ormeau, you really need to have a look at western world fertility rates and the balance/approach/future of (past) NATO countries (all old news).  All we hear is the 'credit crunch' and US woes etc etc .. some may be well placed (although we have – i…[Read more]

All good advice W4 .. at the heart of it though is you must do that which YOU feel fits YOUR approach .. dont just go out and grab something – have a plan .. an approach .. and DO crunch the numbers (so YOU understand em) … the stayers about the place have their own way – yes read the books – dont blow ya dough on all the seminars necessarily…[Read more]

yes .. lots of good info .. despite the tenor of some posts like workforce, demographics and DISTRIBUTION will be crucial going forward (NSW for example experience it – but dont appear to understand it) ..a good report from the fed dept of whatchamacallit .. used to be DEWR or something like that note that immigration .. while high .. isn't in the…[Read more]

Or .. you could take the Scamp chicken little "the sky is falling, the sky is falling" approach.Go to the bank .. tell em that one of their clients owes them more than they'd take from you for their house (which in the absence of any inspections, could be a termite ridden shell held together by paint; in the absence of a title search, may not…[Read more]