sorry to be a killjoy but your decision should not be based on your ability to repay the loan but on whether it is a sound investment. that type of thinking is exactly what is pushing the market up through the roof.

i can afford to pay for a car – doesnt mean its a good investment. c,mon

i think its too simplistic to say that we were all in the same situation 20/10-5 years ago – because we were not. the ration of bebt to equity are stretched to the limit. affordablity is at an all time low. to advise people just to ‘reach for the sky’ without any forethought into the possible consequences is reckless. the property market is a…[Read more]

sparticus, i am doing the same thing. stamp duty will not be payable when building on a vacant block (this may depend on the price of the block). if in doubt on what you can claim you should keep a log book of all the expenses you accrue from now on and then ask your accountant.
apparantly you dont necessarily need to have an asset that is already…[Read more]

g’day blake – i could be wrong but if you live in a house which is under your wifes name then you dont get the fhog…i think.

thanks brent. it would be great to get everyones view on this. can we keep ignoring the warnings? My fear is that people dont regard property invesment as a ‘market’ – but a entity that always increases.

does anyone else have serious concerns??

rgds

thanks stu – i will contact john.

venus bay is fantastic – if you ever need a holiday you know who to email

cheers
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