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Not sure on 50%, CGT is not my specialty (I hate it! Aussie is first country I have lived in with CGT).

Probably best to invest via a NZ legal entity(?), so that any gains via sales can potentially be reinvested in more properties without triggering a tax event, but not sure? Maybe Aussies with IPs in NZ can comment?

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Cheers.[]Bianca.

So my question is – Are there any rules in AFL or do they make it up as they go along?

Yours in innocence.

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‘Bianca’ was a joke right? ‘Cos surely no female would write as pedantically as I do?

“Doctor I’ve got a cricket ball stuck up my backside.”
“Hows that?”
“Don’t you start!”

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I think we got the humour, but it opened up an interesting thread on how the star allocation system works.

Whilst not being of earth shattering importance, it was probably helpful for the readers of the thread.

Sometimes a humorous thread gets serious and vice versa. Ain’t life strange!

“Two cannibals eating a clown, one says “Did…[Read more]

My philosophy is that when you continually seek to undermine the other’s position, you ultimately undermine your own integrity.

“Methinks he doth protest too much.”

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What you do with those choices, whether you make wise choices, is up to you. But financial freedom gives you those choices, financial servitude does…[Read more]

If not, can you carry the -ve cashflow from other income streams? Understanding that there might be little capital growth in the short-term.

If the…[Read more]

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The only name in purple should be your own.

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Go Highlanders!

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PS. My real age is in the date, its an anagram, or is it a simile, or perhaps an aneurism? First one to guess my correct age will be ignored!

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The keywords are ‘reasonable’ and ‘genuinely’. Most people do object to paying an unreasonable percentage of their income as tax and to funding unnecessary…[Read more]

Instant response. Thanks Andrew.

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As long as there are people in the market who don’t understand the Greater Fool theory.

As long as God is in Heaven and all is right with the world, ‘cos ‘bricks & mortar’ always appreciates.

Welcome to the end of history, investment cycles are no…[Read more]

Just a gentle reminder, and to bring this thread back to top of mind!

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This would make it easier to follow threads as they would mainly be in one forum. At the moment the general forum is all over the place and the same type of threads are…[Read more]

My view is that you are bound by your agreements, whether they work in your favour or not. Its an integrity issue.

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Unlike pyramid schemes (which are scams and illegal) many do offer hard working people good…[Read more]

If the herd are charging into investment properties, then maybe the opportunity lies elsewhere. Where are people not investing, is there a good reason or is it just ‘against the trend’.

We just need…[Read more]

Income tax in NZ is lower,…[Read more]

I am just making the point that caution should be the operative word. If you see a good property investment, do the numbers, if they work buy by all means.

But, like Crashy, I would tend to put surplus cash into equity markets right now. A low…[Read more]

You can’t really blame people who utilise a facility that they are legally entitled to use (such as the FHOG). If blame is to be laid, it should be at the feet of those who wordsmithed the grant legislation.

Incidentally I have anecdotal evidence of young children of Aussie home owners purchasing property (presumably with suitable…[Read more]

One of the reasons I know that there are professional RE agents, who do act with integrity, is because my wife is one. She is rapidly building an excellent reputation in the Redlands shire because of the fact that she is focused on the needs of the vendor and the purchaser, rather than her commission cheque.

In the final analysis this…[Read more]

Sorry, I don’t get it. From your example he would seem to have mortgaged the property for more than its full valuation, unless he had paid down some of the principle on the earlier mortgages?

As all mortgages interests are noted on the title, how did he manage this? The mortgages may be from different banks, but they will have each…[Read more]

I agree with Alf. The greatest impediment to people creating wealth and being able to fund their old age is the tax system. The current tax system in Australia is designed to suck as much money out of income earners as possible – not just to fund necessary services such as…[Read more]

To answer one of your questions, a Real Estate Agent is an agent for the vendor. It is the vendor who pays their fee/commission out of their proceeds from the sale.

That said, professional agents, and there are some, will work to achieve a good outcome for both vendor and purchaser. However it is not possible to get the highest price…[Read more]

Business Consultant and Coach. Until 12 months ago ran a small to medium size financial institution.
Have invested in Real Estate for last 20 years but keep moving countries which doesn’t help!

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Any reduction due to a new property, fixtures and fittings etc. no longer being new, will generally be more than offset by the more established garden, rise in land value, building…[Read more]

Analogy – Power Station stopped working, nobody could find problem. Expert called in – he looked around then…[Read more]

Are you able to give an update on a Brisbane meeting? It would seem from the postings that there is a lot of support for one.

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However, given government is reducing its contribution to low-cost housing for low income earners how can such housing be provided?

In order to charge an affordable rent, the prerequisites are that you, as owner, have purchased a…[Read more]

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He is putting forward facts, coupled with his opinion. Its a literal truth that Doomsayers speak prior to markets falling otherwise they wouldn’t be doomsayers!

Everything moves in cycles, all the indicators suggest the Aussie property boom is at, or near its peak.

The saying is that when your next door neighbour…[Read more]

How long that will last is anybody’s guess.

What are the views on the negative article on wraps in the Aussie Property Investor?

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I think property investing is great, but I am loathe to see a lot of Moms & Pops lose their retirement funds by falling into the…[Read more]

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It seems to me that if you are seeking to get into the +ve cashflow property market for the first time right now, you should tread warily and be prepared to put in a lot of research, both in front of the PC and on the ground.

As the CBDs and suburbs prices have taken off – and as…[Read more]

Crashy wouldn’t the tax on Super be 30%, 15% + 15% surcharge as earnings over 100K?

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The Sunshine and Gold Coasts have also risen sharply as have virtually…[Read more]

FHOG also distorted the market somewhat but that has worked its way through the system. So now you have a situation where the bubble has seemingly expanded close to the point…[Read more]

“Those who don’t learn from history are doomed to repeat it.”

What better way to learn than observe the successes and mistakes of others? Hopefully we don’t have to make all the same mistakes ourselves (I said hopefully!).

As a newcomer to the forum I find a lot of the posts very helpful.

I agree about cycles, but there is always…[Read more]

You can then afford some high-risk crops, which if harvested successfully will give higher returns but are susceptible to storm damage(typically neg. geared…[Read more]