What astounds me is that Gillard was part of the 'foursome' that pushed this 'Super Tax' along with Rudd, Swann (new deputy, be scared, be very scared:) and not quite sure of the other persons name.  She starts to spout about 'didn't like the direction the party was going in' ect all innocent, HELLO!  rant over.

A friend has just put one of her houses for sale in Hedland and the REA was saying over the last 4 weeks it has gone extremely quiet.  It's been over two weeks and no enquiries.  Another property was up for lease renewal and she asked if she should put up the rent and he said no that he wouldn't be surprised if they asked for a reduction.  They didn't and signed a new lease but he said he has had a few break leases too.

Hi Jane

Why not ring the ATO or ask an accountant.  I didn't  think that Australia had an 'Inheritance Tax' I thought it was treated like a lottery win you only pay tax on the interest it earns etc. 

Eight years is a long time to worry about something that might never eventuate.  When in doubt ask, the truth will set you free:)

Ros

 I thought our last reno was challenging, you win:)  Hope all goes well and that you acheive everything you set out to. 

Keep us updated.

Ros

By the way saka888 the Results Mentoring Program does not 'do the research for you'.  It provides you with an ongoing support system teaching you how to do due diligence, crunching numbers, setting goals etc with one one one coaching, sounding board, accountability etc.

Maybe some research on your part would be appropriate before you post.

Thanks for posting that Magbof you are not being negative you are just making sure that we stick the the number one rule of investing do your 'DUE DILIGENCE'.

There are always risk when it comes to investing, be informed.

Ros

Loved reading all of the comments about the 3 day conference.  I flew over from Perth and spent a few days before with friends and their new baby and of course did some shopping.

As for the conference I loved it.  On the first day made a promise to myself not to buy anything until after a week of researching etc and by then I figure that if I still wanted the product I would buy it even if it cost a few dollars more.  Have been caught up in the hype before with buying the product and not even looking at it when I got home.

Having said that I did sign up for the 2 day Tax Lien course because I have been wanting to find out more for the last 6 months.  If Steve is doing it with the help of Tommy it's good enough for me.  I was in the Results Program 2 and admire the integrity and ethics of Steve, Simon, Brendan and the team.

I new that there would be alot of hype and hard sell but it's alot like religion take on board what you want and disgard the rest, no harm done.

The best part of the weekend where the quality people that I met.  They really made the conference worth while.

Ros

Port Hedland and Karratha homes cost and rent for more because of supply and demand.  The mining industry is still going strong.  New developments are being built but it takes time because it is hard to get tradies to go up there to build anything. 

In Port Hedland about 2007 they started refurbishing ex-government houses so they could put them back on the market to sell.  The rental market was that tight that even though they could get the tradies up there they could not get housing for them.  So what should of taken them 6-8 months took them over 18 months to get three houses on the market.  Then when summer came it was too hot for the tradies so they left.

There was a slight slow down a couple of months ago but not enough to affect the prices of the houses.

I find Steve's seminars always upto date and informative because he is still actively investing in property (walking the walk).  He is easy to understand and explains every thing clearly.  There is also the added bonus of mixing with like minded people and finding out what everyone else is doing.

No matter what I think I know when I go to a seminar I always walk away with new ideas and at least 2 AHA moments.

Go

It's all a learning experience.  I don't think there is anyone on on this forum who hasn't had more than a few 'learning experiences' in their investing journey.  That's the good thing about this board you can ask for help and there will be at least one person who has gone through what you are going through. 

At least the next time you will know.