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Rubbachook
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February 26, 2004 - 8:07 am
Celivia, just relax. I didn’t see the SunHerald one (I was in the Kiama area on Sunday and they didn’t put it in the regional papers).
But the Sunday Terror had our area as they had most of SW, W and NW Sydney. Not too much science was evident.
It’s all predictions. We’ve, at least, got the M5 improving access and the corridor along that will make some difference…
Rubbachook
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February 24, 2004 - 12:43 am
About 25% of Australian households are renters. (Source: Some article in the SMH on 240204).
Rubbachook
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February 24, 2004 - 12:42 am
Are you talking about a redraw arrangement or refinancing?
If redraw, then just do it.
If refinancing, I think this comes down to purpose of debt. On your numbers, the $110K you borrowed for your IP was for investment purposes. If you transfer this equity to your PPOR you are using money you received a tax deduction for for non-deductible purposes (or something like that – my brain isn’t working on the detail).
It might work if you effectively sold and bought the IP and refinanced that way, but you’d be up for stamp duties on the transaction.
Sorry that I’m not good on the detail today.[8]
Rubbachook
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February 19, 2004 - 3:38 am
I don’t have anything in Forbes, but was looking. Forbes is viewed very highly in some circles on basis of return.
However, for the last 12 months, I think the median price capital growth was in low single digits.
Rubbachook
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February 3, 2004 - 5:35 am
213 pages for me.
Rubbachook
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January 30, 2004 - 1:32 am
bc is on the money.
You will need to be able to prove whether the plants are more or less repairs / maintenance (deductible) OR whether they are improving the value of the property (capital works) (offsets capital gains).
Get some advice from an accountant. If you are using SIS’s, best get advice from two.
Rubbachook
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January 30, 2004 - 1:27 am
An accountant can say whatever the heck they like.
It is the taxpayer that needs to justify it in the case of an audit.
Minimise your tax by all means, but it’s not appropriate to just take the p1ss.
Rubbachook
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January 29, 2004 - 3:29 am
what you could say in one?
Rubbachook
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January 29, 2004 - 3:28 am
on saying in three posts
Rubbachook
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January 29, 2004 - 3:27 am
Fabulous stuff.
But, SIS, why do you insist
Rubbachook
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January 23, 2004 - 3:27 am
…and to think that all this time, SIS, I’ve been wondering how you contribute so many posts.[]
Rubbachook
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January 22, 2004 - 11:02 pm
SIS – “…another great poster!”.
Why, who else did you have in mind? [}]
Rubbachook
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January 22, 2004 - 8:02 am
“Please sorry for addressing the email to my email box, l wanted to be sure if
the message got to you.”
I like this one. But it doesn’t actually make any sense. How would this help?!
Rubbachook
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January 22, 2004 - 7:54 am
323.4 – once I actually connected!
Rubbachook
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January 22, 2004 - 7:52 am
Us Chooks have a healthy respect for bears. It’s a Darwinian thing.
Rubbachook
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January 22, 2004 - 7:49 am
I’d ask him to speak to his boss about sending him on a property valuation course.
Rubbachook
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January 22, 2004 - 7:44 am
If some f**king financial planner laughed at my income I’d do more than keep a positive outlook.
Rubbachook
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January 22, 2004 - 7:41 am
…which, Kay, is why the world is a wonderful place.
You can have your property and I’ll have mine.[^]
Rubbachook
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January 22, 2004 - 3:07 am
To add to Anubis, I believe that costs incurred prior to purchase are captial costs and are reduce the “sale price” for CG purposes when you sell.
Rubbachook
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January 22, 2004 - 3:03 am
I wouldn’t be going there right now.
Didn’t API recently publish a report showing the “worst house / best street” hypothesis actually has legs, mainly because of the location factor.
If you have any eye at all on CG (and who doesn’t) then remember that there ain’t a lot you can do to improve the worst street, but there’s a lot you can do to improve the worst house.