If your only needs are public schools and public transport, then get a map out and trace the train lines (queensland rail) and bus routes (brisbane city council) out 10 km.

You could also ask your employer and new fellow staff for their recommendations… presumably you want somewhere convenient to work.

If you want a bigger yard, use the sq…[Read more]

I worked at HB hospital a few years ago, and am familiar with the demographics and economy.

Like any other town, an investor should take their due diligence seriously. If they haven’t, they really need to ask themselves on what grounds they made the decision to buy.

Here’s some reasons I have never considered buying investment property in HB.

-…[Read more]

Hi Daniel

Hmmmmmm….can you expand on why you think yields don’t indicate price realistically….From what you are saying so far, your logic seems to be that the definitive resource is the UCV, as that is what is taken seriously by valuers.

You also seem to be saying that asking prices are a reasonable guide of value.

Can I caution you to…[Read more]

Hi Captain,

Re Banyo, that’s a suburb I know very well. IMHO, today’s asking prices are equivalent or a little softer than November 2003. Which means values have fallen around 5% in real terms in less than 2 years. i.e. this…[Read more]

Thanks, this is the latest GUI.
Have ironed out some more bugs, and checked the accuracy of some calculations, such as NPV and IRR.
http://www.tekserv.com.au/bruce/IP1.gif

Bruce
Mooloolaba, Qld

I have now updated the spreadsheet’s simulator.

It looks like this:
http://www.tekserv.com.au/bruce/IP.gif

Bruce
Mooloolaba, Qld

P.S.

http://www.tekserv.com.au/bruce/Graph.gif
this is what the graphs should look like if they aren’t rendering properly on your version of Excel.

Bruce
Mooloolaba, Qld

Thx Gross.

Any input appreciated.
I am still editing for errors. Though I don’t expect to find too many more. Tonight I revised calculation of NPV. And have cross checked and it seems to be right now.

Some of the stamp duty values are out of date for some of the states. NSW and Qld are ok though.

There’s a few accounting issues I could do with…[Read more]

Richmond, it is blatantly sexist to pretend there aren’t sex differences with this topic, or within the ABC’s sloppy use of stereotypes.

We all know the ABC use the argument that they are justified in being pro left and pro ‘anti private sector special interest groups’, because the commercial media are the other way. This is why they are so vocal…[Read more]

Originally posted by kay henry:

What is funny, Bruce? I don’t get your point… or is that funny too?

kay henry

Kay, It’s funny because the ABC pride themselves on being the most politically correct unbiased organization in Australia. This is despite there being no one on Radio National whose right wing views are as extreme as Philip Adams’…[Read more]

was that the program they interviewed the overweight blonde who divorced, set up her ow business (recruitment agency), couldn’t curb her consumption habits (cafe lattes, clothes, OS trips, horses for the kids), then went bankrupt? Then she blamed the credit cards. She wrote a letter to the bank asking them to stop her from spending on the credit…[Read more]

I’ll have to get Dolf’s book out again. Off the top of my head, I remember the first of his 101 tips were adding a carport if there was no under cover storage, and turning an existing carport into a garage.

Bruce
Mooloolaba, Qld

Acey, have you checked out renting a house from your own trust rigorously with your acct? Seems like something the ATO wouldn’t look favourably on. How long have you been doing that for?

Bruce
Mooloolaba, Qld

Acey, I meant to say nice strategy with your kids at the supermarket. Giving them that goal would certainly preoccupy their minds as they wheeled past the coke cookies and confectionary.
And I also try to stick to fruit and vege and avoid processed foods myself.

I think childrens’ minds probably provide a more powerful analogy of the value of…[Read more]

Kay, from other comments you have made on the forum, I accept that our politics and lifestyles are different. I don’t accept that I have a superior view on all and sundry, hence why I am open to let others live lives based on well considered principles or morals different to my own.

I wish there was just more open intelligent debate about these…[Read more]

Thanks Sibo,

I agree with you on the culture thing too. I often ask myself about the saying “to stand for everything is to stand for nothing”. I like to walk a middle ground between being tolerant, but aware of the benefits of a well considered morality. To me, there are many loud voices pushing open slather, extreme lefties often condemn…[Read more]

Acey, interesting topic. I used to work in advertising. And became very aware of no matter who we are, we are either being influenced by the world outside our minds, or our own constructs and desires. So often I have well educated ppl argue against the power of advertising to influence them. I just tell them to go and open their fridge or pantry…[Read more]

There’s an old saying”
“equity is the most expensive form of capital”.

Applying this here means Fish is better borrowing against the land and using debt to finance new ventures; rather then selling equity to finance new ventures.

Nevertheless, all old sayings aren’t applicable all the time, esp after considering recent tax changes.

Personally,…[Read more]

sounds good to me.
if the yield is a lot better than a house, I’d seriously consider it. Sometimes you find the general investor drives house prices up to an unreasonable differential with townhouses, because they shy away from the latter.

Bruce
Mooloolaba, Qld

thanks Simon.

Elspeth, I would also add that I don’t expect capital growth will be that strong in the next 5 years.

I also assumed being 19, your IP tax deductions may not be that solid, based on you not having a gigantic income.

Remember, the interest you pay out on an IP has to be recompensed via CG.

You might want to run a spreadsheet with…[Read more]