Forum Replies Created
stargazer,
Go to tech and do a painting course. Start up a painting business. Always jobs for painters.Boshy888,
I had something similar once. I went to buy a house and the council said they had no inspections done for the steel work etc in the foundations and walls ( it was in a cyclone area ), thus wouldn't give the go ahead. But said they had some magnet or something to clarify it had some steel in it but couldn't say what size etc. But wouldn't ask for house to be pulled down, but wouldn't allow any extensions etc.
In the end I didn't buy it, but it costs me $1000 in solicitor fees etc down the drain.mantismm,
Not until you sell it or until you build on it and rent it out.wezwas,
Hi, it sounds like I touched a nerve with my posting. Sorry to upset you.
I posted it to show that you don't have to pay for software to win at the races or any other betting, you just need to have a plan that will give a result in the end as long as you stick to it.
I didn't say it's what I do now.As C2 says , it a lot of work for a small result. Not worth it really, I make enough money with property thanks to worry about a few loose dollars here and there. I do not recommend anyone take up betting fulltime, I know one person who is $90,000 in debt with the bookies and is married with two kids and no house and a low paid job… this is where you can end up by betting and getting addicted…
SHales,
I also lived in Townsville for a few years and hated the heat ( do you know there is a suburb in Townsville called Heatley ).
But the winter is beautiful and the town is great, it would be perfect if it was over a 1000km south.O yes, I have a house there and its rented ( my brother also ), we purchased back in early 1990 's I think, it costs about $90,000 back then and for over 10 years didn't go up. But now has jumped like a kangaroo.
It has good prospects and plenty of water ( too much at the moment ), just down the road is the Burdikan Dam that hold 4 times Sydney harbour with facilities to go to 20 times.
Rentals are excellent and reliable and its a nice drive to visit in winter and good for deductions. Everything in Townsville is close to the water and shopping etc is good, has about 120,000 people or so ( now combined with Thurangowra ). I think my spelling is off.
But watch out for tidal surge – South Townsville goes under water each king tide and with global warming well you know. Rowes Bay isn't so high either!!NOS1
re CGT. Unsure of your position, but you can only have one PPOR at a time, so if you currently live in another house thats yours then CGT is payable ( you can say which house has the less gain for CGT ). Or if you are renting then there is no CGT.You will need to get a valuation done on the house if you sell it to you partner as this will be your CGT starting point again, you cannot sell for less than the market price at the time and then put in a higher starting point for CGT!
good luck
NOS1
Nothing to stop you.
But what price are you going to sell it for, you may also be up for CGT etc.Maybe you could sell half to your spouse to reduce costs ?
Lachlan,
Doesn't sound like a good idea to me. Why would your friend want your name on his half of the house? Are you going to marry your friend? And if you decide not to pay the bills then your friend will have to pay the lot !denise1,
My theory is you don't have to pay ( or very little ) if it was your PPOR. But, since its an IP you need to pay 50% of normal costs. Maybe I'm wrong? It maybe different for different states.
Tony B,
Sorry, I have to say this. Will you please check your spelling, I enjoy your posts but please read them before posting.How many ways can you spell "Recession" ?
Tony B,
This is the latest today.
http://www.news.com.au/business/money/story/0,28323,24995663-5013951,00.htmlScamp,
The forum was getting boring until you came back and set it alight with discussion and ideas from both sides, its great to hear both sides of the arguments.
Thanks for all inputs. I'm sure there are lots of readers like myself who are interested in hearing from all the forum participants.TerryW,
When I was a young fellow I used to sit down and look at the tips and results of horse races. After lots of thinking I decided I could win. So off I went to the races and won. Then I tried again and got tied of waiting for the race to start so went home just before the last race with no win and yes you guessed it my horse won the last race at good odds. Bummer.
Then I go tired of doing all the checks etc and gave up, but, anyone can win by betting, all you need to do is decide on a winning margin eg $20 a bet, work out the odds on your horse ( that you can pick by any means eg No 1 horse or the fourth favourite or the grey horse etc ), then place your bet. If it wins you get your money.
If it looses you just work out the odds on your next pick to get your money back plus your $20 and place your bet, again with same result………..eventually you will win…….no questions about that.
But, you may need to bet big in the end just to win a small amount, especially if you are backing odds on favourites.So its possible to win always in the end, but, is it worth it? probably not.
jparry1,
OK. Now let me answer your question this way.
I will refer to the stock market. If I purchased shares over the last year or so and have made money today, then you could say " It's always a good time to buy shares ". But that would be crap.As per your statement.
krgambling,
I have the same question for a townhouse in Sydney, I am currently investigating this, we have a heat wave at the moment ( but it will be over before the air conditioning is installed ).
The tenant actually offered to pay for one and install, remove and make good if leave.
That sounded a good idea, but , its is never made good 100%, so I thought I might make them the offer of increased rent or a 50/50 partnership with A/Con, and asked them to get some quotes.
Unfortunately, have not received reply as yet ( probably this week ).But logically, in Brisbane, air conditioning would be a very big draw card to your unit, it would give extra rent, you can claim it back in depreciation ( amount back depending on your tax rate of course).
But, in a few years it may need repair or replacement etc which could be a load on finances.I guess its a matter of sitting down and doing the maths, ask the agent how much extra rent you will get with the air conditioning, work out how much tax you will get back over the few years of depreciation, etc.
Maybe someone else has already done this??
jparry1 ( real estate agent ).
If you believe above. Then the tooth fairy will buy property off him.
Frosty 1
Now is not the time to buy. Sit back and take in what happens over the next year or two. Let the downward swing settle, then maybe if the economy finally turns, then maybe think again about property.I agree with C2's ideas and some of hbbehrendorff but I don't want to argue against them since everything is so uncertain at the moment. Even the experts who have all the resources can get it wrong, human nature has a habit of doing the opposite to logic.
I personally have not purchased for 3 or 4 years, I have been paying off loans etc so now can buy anytime, BUT it is not the time and PROBABLY not property for many years if ever, the boom times are over dead gone never to return, at least for the forseeable future.
Scamp,
Welcome back. I loved your posts, and I read all of the "Don't buy real estate its crashing" or something like that. It had heaps of great information and web information. I wonder how long admin leaves it on?I think your predictions are coming true!!!
tony,
I agree 100% with C2.
Without the regular posts of the well informed in the industry we wouldn't get such quality posts.I'll be quick.
No I wouldn't do anything differently. Have just sat back and repaid debt, now can borrow and buy as much as I like ( almost ).Took money out of Growth and into Cash over 1 year ago, so all my Superannuation is safe.
Outlook – bad. The world of yesterday has gone ( living beyond your means, buy now pay later.) Properties to drop 20% this year and keep dropping next year another 20%, assuming the worst case for Australia and the world economies. Even worse if we have a major war or killer virus outbreak.
Hopefully, I'm wrong. very hopeful of being wrong.
