I don’t like towns with less than 30,000 population (which probably makes them cities). I started in a backwards fashion recently by going through the ABS website population details to work out which council areas matched this description.

Now I have quite a few areas to investigate further so its checking for local websites to gauge industry and…[Read more]

Income is at marginal tax rate, passive or not. CGT halves after 1 year, but stuff like rental income is marginal rate as individual, less in company structure

Definitely some tricky tax issues involved that a good accountant can help with. The borrowing ban can make it a difficult prospect, and returns need to be quite good to cover your cost structure.

Hmmm – looking forward to this buyback. Will do some nice offsetting in next years tax return. Will also give the share price a nice little nudge north for all those T2 investors who decide to hold.

Thanks for that – didn’t recognise the name. Much clearer now.

Sounds great although I think Video rental chains are on the slide. Recent studies show that people are purchasing DVD’s at an extraordinary rate that is beginning to bite on rental turnover.

The US is also rolling out video on demand, similar to ordering a movie in a hotel room, people can order a virtual rental from their lounge room, negating…[Read more]

Itrona? Never heard of it. Where is it exactly?

Never heard of them. Is it an acronym?

Hi Pinkster (and Arty)- does that mean you thought me straight laced? No piercings (certainly never a Prince Albert []) – now that would hurt, and it was never my scene, although I have loved tatts since I was in my mid teens.

Most people I know are unaware of it (including my parents who would be horrified).

Yeah JT and Nic Cage. Ready…ready for the big ride baaaaabbbyyyyy. [8D]

Go the celtic cross! A mate of mine recently had his family crest put on his inside forearm when his dad passed away – it looks fantastic.

So the family coat of arms is probably next on my list.

I am definitely not against negative gearing at all, but if Steve only gets 200k a year from 130 properties how many do you need to support the above scenario?

I got my first one this year after a 10 year decision on what to get. I have an Irish heritage so ended up with a celtic style crucifix type cross on my right shoulder. Hidden by even a t-shirt, but then I got it for me not for other people to see []

Sure is addictive, and I have the next couple planned out already.

BTW my boss who is a very…[Read more]

Pulp Fiction
Get Shorty
Face Off
Reservoir Dogs
LOTR

Criminal Intent – very cool.

Usually 11-6. I’d like more but don’t have time [] Love my weekend sleep ins.

Depends a bit. Some days it feels like 0. Other days I can go 10 hours without a spare minute.

Geez – I wouldn’t be able to manage that! Some quick n dirty numbers indicate your f/n repayments would be $4,800 per fortnight, rental of say $250 p/w each leaves you $2300 short per f/n without other costs.

So your income would need to be around $420k a year to support this loan (based on 30% of income as max repayment).

Not too many people…[Read more]

I think there have been some changes to tax law so that if you ever rent a house out, you cannot avoid CGT. It will be based on how long the property is held so if you live in it for 1 year and rent it for 4 years – CGT would be 80% of the capital gain (less 50% reduction for holding over 1 year). Effectively 40% on the example above.

Hi Ernest, don’t live there anymore but still invest there.