I feel & hear civil unrest building which could explode at any time.

Hmm, even our Parliaments have more than their share of “civil unrest” right now.  The division we are facing seems to be across the board.  Is this how the West finally crumbles?   They say “Divide and conquer”, and I haven’t seen such division within our country in dec…[Read more]

Two years on and things keep changing – and also staying the same (with thanks to Jean-Baptiste Karr) around the subject of Climate Change.  The “world” is right now meeting for a gabfest in Copenhagen around the subject of CO2 emissions and setting goals to reduce our emissions to zero (if that is even remotely possible).

Meanwhile, some c…[Read more]

Two years on and things keep changing – and also staying the same (with thanks to Jean-Baptiste Karr) around the subject of Climate Change.  The “world” is right now meeting for a gabfest in Copenhagen around the subject of CO2 emissions and setting goals to reduce our emissions to zero (if that is even remotely possible).

Meanwhile, some c…[Read more]

Hi Travis,

As Terry has pointed out, there are many things to consider in such a move (i.e. keeping the old PPOR as a rental).  For sure it can be done, but is it advantageous to do it?  Or is it more advantageous to sell with NO CGT to pay, so you can put all (or some?) of that freed-up cash down as a deposit on the new home?  Again, there ar…[Read more]

Hi Travis,

As Terry has pointed out, there are many things to consider in such a move (i.e. keeping the old PPOR as a rental).  For sure it can be done, but is it advantageous to do it?  Or is it more advantageous to sell with NO CGT to pay, so you can put all (or some?) of that freed-up cash down as a deposit on the new home?  Again, there ar…[Read more]

Hi Tony,

I really like the first two, and the third is an extra lift with the humour.   Good stuff.

Benny

After 18 months of pain, it seems several State Govts are getting serious about the economy, small business and family welfare once more – i.e. they are saying “It’s time to open up again”.   Sounds good, except for what seems like being a kind of apartheid that may be coming – i.e. that all those who haven’t decided to get vaccinated will b…[Read more]

Sure thing – google the Office of State Revenue in Qld and all should be revealed.   Your accountant should still be a good path too though, in case you don’t read far enough !!  ;)

Further to NM95’s comment, do consider that different states may well have different laws.

e.g. for Qld, a trust has a $350k allowance before Land Tax is charged, while (according to nm95 above) NSW seems to have no allowance.

Why not ask that same accountant to spell out for you exactly what applies in your state for your Trust (if you went…[Read more]

Hi propertyboy,

 I have an option of buying another 2-4% yielding investment IP in melb/syd then being capped on borrowing capacity (income cap hit – got lots of equity)

Back in my earlier days (maybe 20 years ago) a Mortgage Broker of the day told me “If you have enough Equity, income (or DSR) is not a problem.”   At that time I didn’t have Equ…[Read more]

Hi propertyboy,

 I have an option of buying another 2-4% yielding investment IP in melb/syd then being capped on borrowing capacity (income cap hit – got lots of equity)

Back in my earlier days (maybe 20 years ago) a Mortgage Broker of the day told me “If you have enough Equity, Income (or DSR) is not a problem.”   At that time I didn’t have Equ…[Read more]

I’m kinda surprised that nobody has needed to reply, to add more info, to disagree, or to have a rant of their own.  No worries though – we are all where we are, with decisions to make, and the goalposts seem to keep on changing.  Good luck with YOUR operation amongst all of the various Govts’ irrationality going on.

Just a week or so back, I he…[Read more]

Hi Dutch,

I can assure you it is the same Ben Poulson.

It is a rather uncommon name, so you might be right… but how can you be so sure of that?

It is a little concerning that you are openly questioning our experiences because they may not be the same as yours.

On many sites a first post like yours might simply be deleted – you arrived…[Read more]

Hi Dutch,

Your post piqued my interest.  First off, I wonder if you refer to the same Ben Poulson as I was.   It might be – I only knew him as a Building and Pest Inspector, but a quick search tells me that someone of that name is also a builder (who also does B&P Inspections).   The man I knew did some B&P inspections for me some years ago.…[Read more]

Hi Wan,

A quick note from me (since I note you are posting here for the first time) is to reread all of this topic – in particular, do take note of my comments in this link (an earlier reply in here) –  https://www.propertyinvesting.com/topic/5068817-home-loan-borrowing-using-trust/#post-5069869

For me, the Chapter 9 from Steve’s book gives a V…[Read more]

Hi Wan,

A quick note from me (since I note you are posting here for the first time) is to reread all of this topic – in particular, do take note of my comments in this link (an earlier reply in here) –  https://www.propertyinvesting.com/topic/5068817-home-loan-borrowing-using-trust/#post-5069869

For me, the Chapter 9 from Steve’s book gives a V…[Read more]

That’s a rather nice summation Jeremy !!   A very sage collection of important points.  Kudos !!

Benny

Wow – check THIS out !!

https://www.afr.com/policy/health-and-education/swallow-hard-reality-pill-on-virus-deaths-20210804-p58fxc

Someone in Govt (a Senator) is finally taking a hard-nosed look at the “numbers” re how much we are spending/losing while endeavouring to save Covid lives.  I’d previously thought Govts should be considering all…[Read more]