wouldn’t this practice also manipulate the market ie inflating prices… which could be good or bad depending on whether you’re a buyer or seller

Ive been thinking… if you sold a property and were subject to CGT wouldn’t it be smart (and if you had held it for the required 12 months to get the CGT discount) to sell say in July of any one year so when you’re doing your tax through an accountant/tax agent you then have the benefit of that money – even though a portion belongs to the ATO -…[Read more]

kay…

thanks for that… It has an interesting moral side to it (as do most things). I’m in this game not just for myself but for others, however not particularly at this end. I would like to Bless people. I think this thread raised a good point that perhaps it was greed in the first place that lead to the situation becoming ugly. It depends…[Read more]

Before i bought my first ip i talked to my accountant about trusts briefly…. she said that dont worry about it until you start getting +ve cf properties after a couple of years!

little did she know that was my whole aim from the start…ha ha ha (evil laugh)

haven’t told her that it’s happening now though

taz

I also think there are a lot of factors at play…

One that hasn’t come up yet is people’s desire to live in country areas. I think it is underestimated at times that there is demand because people like the country and want there kids to grow up that way…. and also IT is getting so good that… well frankly who needs to live in the…[Read more]

WOW AFLOAT!!!

Good on you… something for me to aspire to…!

taz

hi guys…!

1st ip was in 1999 in brisbane – a run down workers cottage which i lived in while i was married with a view to buying next door and selling both to a developer… after marriage breakdown of course the property next door came up for sale in 2000 which i wasn’t in a position to buy and i ended up selling to someone with the same idea…[Read more]

thanks Brenda..

So it’s not just me going mad…. it is just maddening at the start…!

thanks holden…

I guess I have had this goal of semi-retiring by 30 since I was 20 and maybe I’m having a mini mid-life crisis that I won’t get there…. perhaps I should be more faithful and patient…