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Viewing 7 posts - 1 through 7 (of 7 total)
  • Profile photo of amsjermamsjerm
    Participant
    @amsjerm
    Join Date: 2007
    Post Count: 9

    How do u take advantage of this shared governemnt equity scheme?

    Where did u find more about this?

    Profile photo of amsjermamsjerm
    Participant
    @amsjerm
    Join Date: 2007
    Post Count: 9
    kaus wrote:
    Hi duckster

    "Income loss of $581 *.70 = -$406 (This is what you would be paying per week after tax refund of $174 per week"
    i understand $581 income of weekly loss but unable to get .70 and $174 one

    This assumes your at the 30% income tax bracket.
    Since it's a -ve geared property, the government shares the loss with you via taxes. (ie. they tax you less)
    The government takes 30% of the loss, and you take 70%. That's where the 0.7 comes from.
    What you have out of pocket is really 0.7 * $581 = $406.

    Hope this helps.

    Cheers

    Profile photo of amsjermamsjerm
    Participant
    @amsjerm
    Join Date: 2007
    Post Count: 9
    blogs wrote:
    Andy,

    Nice comments. My basic argument is that things are gunna get worse before they get better, so unless you come across a bargain I would be suring up capital and waiting patiantly. Basic risk reward-the odds are that prices will stagnate if not drop more than prices rising. Thats a good enough risk analysis for me to sit out for the time being. If I was to buy know only to see my property stagnate or drop I would be saying to myself 'o.k why did you buy, what factors told you prices would be increassing' and at the mo everything is telling me the opposite. Good luck to all-courage is needed in life no matter what you do…

    And I have enjoyed the fisty cuffs, car park at 10:30, winner takes all ;)

    I'm looking to get my first step into property investing, and I too think property prices will drop even further. I base this on the flow on effects of the credit crunch, current inflation levels to force the RBA to raise interest rates.

    My question is, how far will prices drop and for how long? What tell-tale signs can you look at?

    The only thing i can think of are interest rates dropping, but by then I believe it's too late.

    Profile photo of amsjermamsjerm
    Participant
    @amsjerm
    Join Date: 2007
    Post Count: 9

    Thanks for the advice. I have got a solicitor to have a look at the contract, and will organise an inspection.

    Another thing, after a bid, the buyer needs to pay a deposit. My question is, does the buyer have to give the full 5 or 10% deposit straight away, coz I don't have a cheuque. I have the funds in my bank account and I don't want to carry cash like that.

    How does deposit payment work after the auction, do they allow a few days for the full deposit?

    Profile photo of amsjermamsjerm
    Participant
    @amsjerm
    Join Date: 2007
    Post Count: 9

    Your an inspiration wdemirdonder

    I'm starting out at 24, and too only have about 15k in savings. I've put money into managed funds before, and I now I rather take an interest and know how of where I invest my money. Too bad, banks & lenders don't take managed funds as equity.

    ume, you legend, I read your other post, and it did not occur to me to set up a trust to buy an IP, so you don't have to for go the benefits of first home owners grant. Can you explain, a bit more on setting it up, and how it would work.

    I think wdemirdonder, would probably like to know as well.

    Profile photo of amsjermamsjerm
    Participant
    @amsjerm
    Join Date: 2007
    Post Count: 9

    Thanks billythefish,

    I'll use census details, does it matter if the stats are 2-3 years out of date, or they still provide a good enough indication?

    For Yellow Pages: What kinda of info would that reveal??

    I'm going for +ve cashflow or +ve geard properties, and I'm not restricting myself to any particular area.

    Profile photo of amsjermamsjerm
    Participant
    @amsjerm
    Join Date: 2007
    Post Count: 9

    Hi,

    on the topic of of depreciation. I hear ppl say quantity survey a property, does this apply to units as well?

    Cheers
    Jeremy

Viewing 7 posts - 1 through 7 (of 7 total)