gmh454                I'm with you 100%.I haven't purchased for about 4 years now, have been paying down debt and patiently waiting for the prices to fall, and they are now into the fall ( admittedly FHOG is holding up low value houses at the moment , but it will pass ).As you point out why invest now and get 5% return, if you wait a little longe…[Read more]

AJTS – but in Australia, most property go for auction ? I don't that this is true, maybe in the centre of cities but not out of the city.Yes, all your valuation checks or pest inspections or building inspections and your loan approval or deposit needs to be arranged before the auction. Which can be expensive for nothing, thus have never purchased…[Read more]

Shareholders unfortunately have very little say in executive renumerations.Have you noted that the directors allocate their salary and the CEO salary, talk about the elite bunch, these are the ones that we will be beheading at the rallies when the masses rise up, you know like the French Revolution.As a shareholder you get to vote for the…[Read more]

Fingerscrossed,                             The tenant maybe talking about a pest spray for spiders and coachroaches not termites??If this is the case tell them you will pay the cost of the 1 or 2 litre packs you can buy in the shops and get them to do it, it works most of the time with my tenants, it will save you heaps and they can do it wh…[Read more]

Stock market down another 3% today, well that's a bummer.Having said that I am actually buying for the long term now.Still say 20% or so this year and another 20% or so next.I have been watching one suburb close by to me, its a newish area with lots of expensive ( sort of ) houses. In 2006 they were going for up to $750,000 for the best in area,…[Read more]

SHales,             Good on you for being so caring, unfortunately, the system is against you.

Jye,       There is a problem if you offer and rely on termite inspection. Unless it is structural you have no real leverage, if you read the contract it is only for major structural damage that you can reject the buy. So be careful, I agree with god_of_money, it may be best to go for another house, if you are still interested then offer the same…[Read more]

hbbehrendorff,                         I have completed the crash course. Not really anything about economic theory ( elasticity of demand etc ), but a very informative audio / video lessons.  I was aware of most of it, but it is very scary, would have hoped for a more comprehensive summary of what needs to be done, but I suppose it's more u…[Read more]

pubudug                Is your Dad going to just supply cash up front and you are to have the house in your name or both ?If it is in your name only, are you to repay him slowly using the rent as help ?If so the rent will be on your tax return. If he is half and half with you then 50% rent and costs etc. You can go 20%/80% or any combination.Al…[Read more]

pubudug,                Sell your existing IP and buy your Mums if its a better place and the figures stack up ! But probably not.Go joint venture with someone who has cash and buy your Mums, a relative or friend maybe.Your Mum will not need to pay CGT as you suspect if she has just moved to the new house and made it her PPOR.Get your Mum to lo…[Read more]

water,          keiko makes a valid point, of course his numbers will change for every house and every interest rate change and every different deposit and everyones tax rates etc, he is pointing out that you have to consider all the costs. Most beginners just say its $250,000 costs at $250 per week so that's a profit of 5%. It's not that simple.…[Read more]

morgan1                I am no expert on this, but my guess is.You maybe should get a strata management company to run it – at least to start so you can see what is involved, they can advise on strata fees etc. I think you need to have a sinking fund etc to make it legal, but I'm no expert, other have complete blocks, hopefully they can advise.

aah33           Depending on your plans into the future, maybe try to get Interest only loan with an offset account, so you get the offset to save money off the loan and also build up cash ready for next investment.            Also read lots of postings, you can learn all you need to know on this site.           If you are thinking of a low cost…[Read more]

morgan1                Hi, I personally do not have units , but do have townhouses which are similar.You need to pay strata fees – can range from $100 to $200 or more a month.Insurance – contents is by tenant and unit by strata body, but you need to pay insurance for fittings and imdemidy ( can't spell )Also special levies maybe impossed to pa…[Read more]

devo 76             In 6 months it will be 12% when the price drops further.

hbbehrendorff,                          Lucky for me I moved my super into cash in November 2007 the month before the crash started, so yes I'm laughing, but sad for all my mates that didn't listen to me, some did and are happy as Larry.                         However, I did start another super with shares shortly after and it is bad, but, I…[Read more]

Israel has compulsory army service and it works over there. When we get in charge will fix it.

Agree about best equipment for the troops but my problem is the politicians make the decisions based on politics and their best interest not the troops.Thanks all for input great to read , I can see there is a lot of resentment against politicians and their bribery to unmarried mothers etc.Keep up those postings, we will get a new political party…[Read more]

Dan42,             Is there a requirement for Jlee to actually move back into house before selling ?? You always here the saying that you can move out for up to 6 years and then move back in to not pay CGT.

Thanks for input doubledown trent,My conscription message was more to get young people used to disipline and taking orders etc . Agree with scrapping the astronomical costs associated with buying submarines, planes, etc ( lots of corruption in that market and politicians making the decision so has to be wrong – just look at the crap American…[Read more]