Apologies, please just ignore my question above.

Thanks,
Catts

I am starting my 2016 tax return process and am confused with e-Tax / Mytax.
The e-Tax is being decommissioned and replaced by MyTax. But both seems to be allowed for 2016.
So any body can share, please, an opinion or two as to which one is better?

Thanks
Catts

Your scenario is indeed called cross collateralisation, which according to Investopedia:

Cross collateralization is the act of using an asset that is currently being used as collateral for a loan is also used as collateral for a second loan. If the debtor was unable make either loan’s scheduled repayments in time, the affected…[Read more]

Your scenario is indeed called cross collateralisation, which according to Investopedia:

Cross collateralization is the act of using an asset that is currently being used as collateral for a loan is also used as collateral for a second loan. If the debtor was unable make either loan’s scheduled repayments in time, the affected…[Read more]

Your scenario is indeed called cross collateralisation, which according to Investopedia:

Cross collateralization is the act of using an asset that is currently being used as collateral for a loan is also used as collateral for a second loan. If the debtor was unable make either loan’s scheduled repayments in time, the affected…[Read more]

Your scenario is indeed called cross collateralisation, which according to Investopedia:

Cross collateralization is the act of using an asset that is currently being used as collateral for a loan is also used as collateral for a second loan. If the debtor was unable make either loan’s scheduled repayments in time, the affected…[Read more]

My strategy is not on the options you provided.
Mine are:
– choppy waters ahead, stock up on cash and make sure my finances are lean
– keeping an eye out to future expenses and cash flow
– also get ready to buy if there is anything ‘interesting’ comes up

So essentially – choppy waters ahead, lots of people going to get in trouble.…[Read more]

Interesting comment there:

I do not mean to argue with you, after all I am trying to get interested in equities and other financial products.

Can’t the same be said for Property markets? Ie. it never fails to reach new heights. I think, in the long term, both markets behave in tangent. The difference is Property market takes a lot…[Read more]

Thanks,
Catt

I am also questioning it – students usually do not look after the property as well as professionals. Hence usually there is more wear & tear + maintenance costs.

To answer your question: yes it is best to focus on the cash flow and not capital gain. And hence careful / conservative cashflow calculation is really important, factoring…[Read more]

http://www.telegraph.co.uk/business/2016/03/04/debtor-days-are-over-as-bis-calls-time-on-world-credit-binge/

Quote: “…This provided a “telltale” sign that the financial conditions were reaching an inflection point, accompanied by lar…[Read more]

Thanks,
Catts
Here to learn property investing, not trying to sell anything.

Thanks,
Catts
Here to learn property investing, not trying to sell anything.

Thanks,
Catts
Here to learn property investing, not trying to sell anything.

Having said that, at 0.5% there is not much ammos either before US get into negative territory like the Euro zone and Japan.

Cheers,
Catts
Here to learn the ropes of property investing, not trying to…[Read more]

Agree that RBA will reduce interest rates to defend the economy. However, at 2% it is now, there is not enough ammunition to go round. As a comparison, just before the GFC the interest rate was 7.25% and the RBA reduced interest so rapidly – 6 times in a year – to get to 3%.

Mervyn King, the ex Governor of Bank of England, predicted…[Read more]

Signed the contract on 2 Sep – so the deadlines were:
a. 5% deposit due in 5 working days – this is because ANZ imposes a limit of $10k daily transfer.

b. Building and Pest within 1 week – I missed this date because of…[Read more]

Can I please clarify my position:
1. This website is akin to bbq picnic chats among friends where more often than not the conversations are invariably about crickets, footie and properties where we all exchange ideas and knowledge.

2. I’m not looking t…[Read more]

1. My offer to a flat in Bulimba was accepted at $430k, 2 bed 2 bath and 1 parking flat, currently tenanted.
Strata is roughly $3300 pa, rental income is $21,840 pa.

The flat was built in 2002, sales history:
Oct 2002 sold for $265k
Oct 2004 sold for $290k
Jul 2009 sold for $400k
Sep 2015 sold for $430k

I think I get a good…[Read more]

And I totally agree. ;)

Cheers,
Cattleya

Welcome to the site.

Very complicated question you have there. Short answer is, interest rate will definitely go up, even though we currently have higher interest rates. In fact, the level of interest rate is not relevant factor in considering whether it is going up or down.
The relevant factors are macro economics and Global…[Read more]

By way of introduction, I am also a participant in this website and am here to learn about Property Investing and wealth creation in general. I am interested in your comment:

So if not property what are your options? I am not trying to challenge, just wondering what and why. I am also thinking, and below are my thoughts:

1. Equities?…[Read more]

I have nobody to refer as I am also looking for a good accountant / lawyer. ;) It’s probably a tad more difficult for me to find somebody as I know a bit more about their stuff and therefore know what I am looking for.

However, I think it is best to keep an eye on your properties yourself, do not rely too much on the professionals. I…[Read more]

This is a very interesting question, one I still mull over.

Basically all advantages and disadvantages are like jigsaw pieces. You pick and choose the ones relevant to your strategies and hopefully all fit together. Hence you need an accountant / lawyer who understands business / property investing.

Below is the lists of the…[Read more]

My status now,
1. Area – Qld 4171 so Bulimba, Hawthorne and Balmoral, for 2-3 bedroom flats. DT, thank you for your input re. 1000s of new developments in Brissy. It gave me cold feet and s…[Read more]

My status now,
1. Area – Qld 4171 so Bulimba, Hawthorne and Balmoral, for 2-3 bedroom flats. DT, thank you for your input re. 1000s of new developments in Brissy. It gave me cold feet and s…[Read more]

Welcome to the site. And also congratulations on your first steps towards better financial futures through property.
It is an exciting time, but also full of worries because of all the potential issues isn’t it.

Anyway, straight to your questions. In my honest opinion, the question should not be which suburb to buy, but which suburbs…[Read more]

I thought it might be a good idea to share the process of my buying an IP in here – always happy to get your inputs.

My situation:
1. Budget 400-500k though can go much higher; 1-2 bedrooms; suburbs adjacent to Brissy CBD. Reasons:
a. 1-2 Bed, this is because I am after rental income. My research found that the smaller size properties a…[Read more]

Welcome to the site and hope you find it useful.

Re. your question, you are the only one who can answer that. We have a lot of finance experts around here who’d answer your questions. However the answers will only be as good as information on hand. Given that your question only have limited information, I would answer it from my…[Read more]

I am not sure where Realestate / Domain or indeed other websites get their data from. Data Integrity is always the problem even for ABS, their reports usually come with caveats.

But given our investing purposes, does it really need to be 100% accurate? I think not because there are so many factors determining a good price of a…[Read more]

I am also in the process of buying. May be it’s a good idea to start a topic on this.

I want to buy in Brissy. I think there is always pros and cons about buying in any part of Oz. It just depends on your circumstances. I also don’t know where to buy, but I think all those arguments – which are usually at high level – are good but…[Read more]

If anybody is interested, there is also the Buyer’s Agent Association website http://www.rebaa.com.au.

I suggest really choosing carefully as:
1. The fees are quite substantial and…[Read more]

So what’s a reasonable fee for a borrower’s agent, please? Do they all provide the same services or do we need to specify what we need?
Rephrasing the questions: is it all you can eat or do we select from a menu? And what’s reasonable?

Thanks,
Cattleya.

Welcome to the site.
Maybe it’s a good idea to introduce ourselves whether we are on this site to learn or to offer services.
Like you, I am here to learn and hopefully help others along the way. I am an accountant working for big companies but not to individuals. Hence I am also learning the ropes of property investing.

Answering your…[Read more]

I understand your eagerness to start again. Everybody who has played snake & ladder board game knows how strong the desire to get on to a ladder when we are dealt a major snake. But by the same token, it is even more important to avoid another snake.

Putting my self in your position, these are the things I would consider:
1. There are…[Read more]

Welcome to the site.
I think you are very good with your analysis. Although the area is only half the story. You need to find the IP you like and then think about its potentials and performance thus far. Again, firstly location location location and secondly, you make your money when you buy not when you sell (this is because you don’t…[Read more]

Your counsel is much appreciated.
Cattleya

Interesting question you have there. Ultimately, the only person who can decide is yourself. Seems like your risk appetite is bigger than mine. I personally wouldn’t do it as my stress level threshold is quite low, I cannot bear the thought of a demand for payment letter coming through my door. I keep a close eye on my debts, making…[Read more]

So the properties overall are positively geared and you are paying even more tax?
I obviously don’t know your situation, but if I were you I’d definitely buy again especially if I am only 29 yo. And at 6.6% the new properties are also positively geared – my mortgage is at 4.28% so 6.6% is awesome return.

Why is a debt of 1.2m too much?…[Read more]

Welcome to this site. This is certainly my favourite haunt. So welcome.

I suggest you keep on searching because it gives you more knowledge and confidence of the market. Initially it is confusing, but eventually you get a feel of the market and either your idea of a house in regional areas will firm up or you change idea ie. a flat in…[Read more]

Welcome to this site. This is certainly my favourite haunt. So welcome.

I suggest you keep on searching because it gives you more knowledge and confidence of the market. Initially it is confusing, but eventually you get a feel of the market and either your idea of a house in regional areas will firm up or you change idea ie. a flat in…[Read more]

Terry, many thanks much appreciated. I will contact you trough your company.
err.. which one do you prefer, the Loan Experts or the Property Tax Solutions, please?

Thanks,
Catts

Terry, would be grateful if I can have your essay on company please. Or is it in this forum? What’s the title please. Hopefully I can search it.

The company address: I wonder why this is needed when virtually all correspondence with ASIC and ATO are via email.

Thanks,
Catts