hi all

yes statistically speaking you would have been better off going with the variable rates. but these statistics were from a time when the rates were comming down. the future may be rising rates then clearly fixed rates will be the BIG winners. How can you go wrong with a fixed rate of 5.85% that is great why wouldn’t you go for it? i’m fixed…[Read more]

hi steve , tony and diane.

steve i’m with tony Mildura looks very good for a long term buy. as well as the marina which will be huge for the area. this could be the start of more projects? perhaps becoming a mini Gold Coast in Victoria (maybe a bit far fetched but who knows) but the one that could be enormous is the solar tower across the boarder…[Read more]

well done terryw
thanks for the update
westan

kay thanks for that[]
i hate rhymming slang
xyzzy yes i have more ash than i’ve ever had before in my life. i think i’m set for life now.
westan

hi all

sorry Bill i’m going to answer prop16’s question, i reckon i can do it in more than 12 inches.
but first xyzzy what the heck are you talking about “Congragulations to westan …. he’ll have some charles ash! it WILL be king” i have no idea [?]
there that is 2 inches already,
a bit of space to take up some more room.
OK prop16, it…[Read more]

hi all

thats what i love about this forum you never know where a conversation is going to go. mel thanks for the story extremely enthralling, maybe you could start a chapter each week just to keep up coming back for more. have you thought about a mini series or just go straight to the Big screen. i especially enjoyed the sunburn part, i can see…[Read more]

hi shaun, mel, phil and everone else.

sorry mel for that one about being a chick[], i spend too much time with teenagers.
hey phil what did you want shaun for anyway?
westan

hi all

shannon
i usually have variable but over the past 6 months i’ve fixed a fair few loans, it is one less thing i need to worry about(interest rates), personally i don’t see the need to lift rates, The RBA has got it wrong before and may start lifting rates (thats what they are promising to do). but will they eventually come back who knows,…[Read more]

hey mel

this is a bit off the topic (sorry Shaun), i know you are a regular contributor but we haven’t really met, whats your interest in property? where do you own, are you a buyer /seller/holder, whats your investment strategy ?
are you a bloke or a chick? i’m amazed how many girls are into this property stuff. once upon a time it was a males…[Read more]

mel

you have no right to be reading this message.
the fact that you have contibuted to the thread will just needlessly attract more people to read it. the more that look the more will be drawn to look, sorta like a crowd attracts a crowd.
whats the bet that by tomorrow night 25 will have peeked at it.[]
regards westan

sorry Phil

i couldn’t help myself and had to have a sneak at your private message[]
regards westan

hi bill

just for the record
i don’t wrap and have no intention of wrapping. ( actually i don’t like it). But perhaps wrapping is a good strategy in a sidewards/dropping market. one of the downsides with wrapping is there is no Capital growth (which for the record is where i’ve made my $$). So in a market not expected to move forward wrapping…[Read more]

mikeej

no sorry i don’t think you can do that. the cost of the houses would be direct to each house. and i’d assume that the land would be proportional to each house? some accountants might like to confirm.
i just wanted to add to the discussion the advantage of a family trust to the first senario and the disavantage of a company. firstly with…[Read more]

hi actube

welcome to the forum,
i’d like to add to what leigh said.
yes there are deals out there, i know because i’ve sold a few properties under 80k in the past few months. But it is getting very difficult to find ones that are making the 11 sec rule. personally i like a return better than the 11 sec rule so i have stopped buying in Victoria…[Read more]

hi all

well this post has moved on since my contribution days ago.
one thing for sure is there is no need to lift rates by .5%.
Bill sorry for causing you confusion, i can feel the stress my response caused you.
i actually asked my wife if she understood my post and she did, so i assumed you guys would. Especially with your financial background.…[Read more]

hi alf

This is how you would do it.
first assume the loan is 100k and you refinace it at 180k, so you have access for an additional 80k. with that 80k you put it right back on the loan so the loan balance is only 100k. therefore you are charged interest on the 100k not the 180k. If a good deal is found you have the 80k already there so you can…[Read more]

thats an interesting point lucky phil. if the purpose of christmas is to celebrate Jesus what’s the one thing that detracts from him answer Santa (or was it Satan ?). Conspiracy theory?
westan

hi all

sadly you must pay CGT as Terry and Melbear have said. Chris i’m supprised that a tax advisor finds this one “not an easy one”, you are paying for this advice?
westan

hi riffraff
Long term a property 6km from Brisbane city has to appreciate in value. i wouldn’t sell especially if this is your only IP., oh yer thats right it’s only hypothetical. Refinance and then you can put the money back into the loan so you are not paying interest on it. only draw down on the cash if you find a great deal. In regard to…[Read more]

hi all

yes richo i’m sure crashy is still reading the site. personally i hope that i’ve judged him wrong, when i feel that his main purpose on the forum was to plug his products. he has been a great contibutor and lots of fun. i’ve had great debates with him so crashy show us what you are made of and come on back.
westan