Total Members: 159,074

yuyu

  • yuyu replied to the topic How do I purchase a 2nd home using equity? in the forum Help Needed! 14 years, 7 months ago

    hi kyleethe question of whether u can service the loan of 382k plus 650K or not is up to you.. you need to work out your income and expense to decide it for yourself. No one can answer it for you.You have to pay CGT tax on the apartment if u are negatively geared it when u sell it. So if you dont want to pay CGT on the apartment then either u…[Read more]

  • yuyu replied to the topic Need help getting out of my NZ investment in the forum Overseas Deals 14 years, 7 months ago

    yes i am one of those as well. got quite abit of loss on it atm.but it is good to know that now u can claim the loss against ur aus income and gain. tks for that info as my accountant doesnt seem to think we can do it last couple of yr. cheers

  • yuyu replied to the topic Avoiding Capital Gains Tax by Building in the forum Help Needed! 14 years, 7 months ago

    rebeccadid u negative gear this piece of land? if NO then i dont think u have to pay any CGT at all.I think if u build and make it a residential home then CGT will be pro rate just like u rent out a home u have live in for a number of yr.that is just my opinion, best to check with a accountant/ financial planner.cheer

  • yuyu replied to the topic help me retire in the forum Help Needed! 19 years, 8 months ago

    $480 a wk gross or net ? Assume it is a gross figure then the bank will lend u abt 150k based on 80% lending. So ur total purcahse power is around 180k mark.

    based on ur wage, there is nothin much benefit of negative gear, so it is best to look for a +CF prop, and good depreciation as a bonus.

    If u buy something that self-funded and hold for…[Read more]

  • yuyu replied to the topic Help on city apartment! in the forum Help Needed! 20 years ago

    20sqm on lonsdale? sound like a student accom, studio apartment. lettin at 300 is not realistic even fully furnished. I live in the city so i kinda know these market well. The location is good but the size and price look funny.

    Hehe dun think u can get 20 square one bedroom for under 200k, so must be square metre.

    cheer

    yuyu

  • yuyu replied to the topic Right Structure for NZ Property in the forum No Subject 20 years ago

    that was great advice Chris, i just startin lookin at NZ. So say i on 80-100k, purchase 1st property in NZ and possible more in future so what u say how i should structure it??

    tks in advance.
    p.s email if u can in case i dont checkin in here regularly ok.

  • yuyu replied to the topic Serviced Apartment – Pacific International Melb in the forum Help Needed! 20 years ago

    hey nordi..
    you do snowboard as well? coz i goin to japan to snowboard late dec..cant wait :)))
    congrat on ur settlement.
    yuyu

  • yuyu replied to the topic Looking for Quantity Surveyor – Melb in the forum No Subject 20 years ago

    where u base scott???

  • yuyu replied to the topic Hans Jakobi, Margaret Lomas and Steve McKnight in the forum No Subject 20 years ago

    hi tung

    yah i agreed with u, i wouldnt pay anyone money for things like that, esp when u have to pay thousands for it. At the end of the days, the principles of investment are all the same. I work for a property investment consultancy group in melb, we are lookin into NZ market at the moment so i thought i do some research on NZ, and Hans selling…[Read more]

  • yuyu replied to the topic Serviced Apartment – Pacific International Melb in the forum Help Needed! 20 years ago

    hehe alf.. i was surprise too… :) but at the end of the day, u have to know which pencil to push :)

  • yuyu replied to the topic Serviced Apartment – Pacific International Melb in the forum Help Needed! 20 years ago

    hi nordi
    i bought a servicing apartment in melb recently. My bank, CBA wont lend coz it is too risky for them, my lawyer put me on this mortgage broker, who still couldnt do anything and try to put me to this high fee high interest loan.

    Anyway to make it short, i went to NAB thru some contacts and got my loan approved.

    so let me know if i can…[Read more]

  • yuyu replied to the topic Looking for Quantity Surveyor – Melb in the forum Help Needed! 20 years, 1 month ago

    how much would it cost for a schedule anyone know??

yuyu

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