1. are you still entitled to the FHOG $14k grant with people renting part of the property?2. doesnt the $200/wk rental income reduce your payments from Centrelink?3. dont you lose the rental assistance payment from Centrelink now since you no longer pay rent?4. why spend hundreds of $$$$ in fuel driving vehicles across the country, while also…[Read more]

you may not agree with my approach (and tough biccies if thats the case) but the fact is, what I have said to spudway is what he needs to hear, and will help him in the long run.It's easy to lack foresight & assume any criticism is destructive. It's easy to cry foul when someone doesnt blindly pat someone else on the back.It's easy to assume the…[Read more]

spudway,firstly, at no time did I ever comment on the number of kids you have. You have me confused with someone else. While I agree with Marc, my objections to this thread are as follows:1. the "family needs help" title. 2. someone firing insults at me non stop because I raise questions3. someone with appalling spelling & grammar referring to me…[Read more]

just to hammer home the tax angle:scenario 1 – $60k earning 6% pays $3,600 p.a, or $2,088 after tax (assuming 42% tax)scenario 2 – $60k paid off PPOR saves $3,600 p.a after taxwould you rather be $2088 better off or $3600?

funny how 2 newbies with 3 & 7 posts are preaching how wonderful aussie rob is….please dont insult our intelligence!

spudway wrote:
you try and get a hand up and you find there are a couple of nice people out there but a lot more people that wont to judge and push you down

and just why do YOU deserve a hand up? you dont even work ! (or claim you dont) how stupid of you to ask those who WORK for a living, struggling to get by, paying huge taxes to support…[Read more]

when I saw the title of this thread I thought:" oh wow, here's another family caught in the mortgage belt struggling. The poor buggers have probably already sold off everything they own to keep up with the mortgage, but hey, at least they are not too proud to say they need help"Instead, I find someone who isnt struggling at all, a family with 3…[Read more]

thankyou for confirming my diagnosis.Not only can I READ, I can READ BETWEEN THE LINES. You do not realise it but you have confessed to many things in this thread. By the way its website, not 'web sight'. money, not 'monies'. what, not 'wot'.good security? cars? are you joking?you saved up the 60k (50k + 10k truck) on a pension while paying…[Read more]

so…..you drive around in a Musso (cry me a river) & a Prado (oh, you poor thing……3 vehicles…with a combined value of 60k……cry some more)  while taking huge handouts which we pay for………….and yet you are asking for 60k cash?SELL THE FRIGGIN VEHICLES !TELL THE MRS TO GET A JOB !STOP DRIVING AROUND IN 4WD'S !It's bad enough you…[Read more]

hleung wrote:
Off the topic a bit but am intrigued WHY you no longer own property?

because blind freddy could see the slump coming, and as a renovator you need a quick selling, fast rising market where buyers are prepared to pay a premium for renovated house. none of those 3 conditions exist, so its too risky to continue.

hi Michael

have a search for ‘redcliffe” on this forum, Ive written heaps about it.

disagree with stalled the last 2 years, I sold one in March 08 (peak was Jan/Feb 08) and another in Aug 08.

I no longer own any property.

I dont expect price growth to come ANYWHERE anytime soon, but IF it does come somewhere, Redcliffe is where it will…[Read more]

Redcliffe all the way

there is already lots of good info here, I wont regurgitate….do a search

if you buy from overseas how will you claim back on tax?

what hourly rate will you be paying yourself for all this work?

how much will you have to pay your accountant to sort out the mess including currency valuations & delivery costs?

trust me, just walk into Bunnings & buy the lot in one go. otherwise it’s a false economy. and if theres no…[Read more]

forgot to addon my reno's I do EVERYTHING. Im a sparky so the most dangerous job is safe for me to do, but others definately should not. As a tradie Ive spent 15 years on job sites watching other trades work, seeing houses as various stages of completion……which definately helps when doing a reno yourself.I learned about plumbing watching the…[Read more]

skuzoffer your services for free to other people doing renos, get work experiencealso try to get a job as a trades assistant for a tradiewatch "property ladder" on lifestyle channelget hold of some reno books

wow, that needs gutting….by that I mean all walls taken back to studs………looks like asbestos too so it will cost a fortune. also could be foundation issues looking at the cracks…………money pit!I would look for something else with good bones that is dated.

also consider building inspections, stamp duty, solicitors fees, banks fees, mortgage insurance, agents commission, marketing, mortgage repayments, rates, unpaid labour, building insurance and lots of other costs people are quick to forget to include….

firstly, understand the difference between an advisor and a planner. A planner sets long term goals and gives you a plan to reach them. An advisor can do this also, but they are the best people to ask about individual deals.If you ask a bank or someone like AMP for help, you are likely to get a planner who only knows how to sell that companies…[Read more]

you can get away with 10-15mm below, assuming there is carpet or tile. otherwise its just not legal. 4 yrs on you have no hope. I believe you had 12 months to act, but even if you did its unlikely to have been worth it.you can always do as I did, do your building work & dont tell council……or, apply for building permit & do the work, but dont…[Read more]