Well i am kind of covering my self. I am currently investing in australias muscle car boom and have made a cool $100,000 tax free in the last year. And there is a lot more to be made. You guys should check it out. With housing a bit hard for some people without investing expieriance. Its a good option.

Check your council fees.It can be expensive to draw a boundry on council plans. You might be un pleasantly suprised.Find out what other battle axe blocks nearby are selling for.( Not what they are asking) Also remember the house on the front block will sell for significantly less with the reduced land size and house to the back.

OOPs i had a slr 5000 torana too. Plus three dirt bikes,Two boats. Crap i have wasted some money.

Ok . I am very bad in this area. In the  12 years i have had my license i have had in orderVh commodore Slightly modifiedUc torana  Slightly modifiedVn ss commodoreSigma station wagonAnother vn ss commodoreVy ss ute (show car)Holden barina.Currently i have aSSS nissan pulsar(wifes car)Suzuki sierra 4wd ( Love it, best 750 bucks i have ever s…[Read more]

Sorry that is what i was meaning aswell.I guess im after some ideas as its a bloody big coastline to check out .Thinking of flying to noosa to see the olds,Stealing there car for a week or two and driving up.

Barramundi mate. As far as development in the future.We dont really want to retire to a sleepy village. We just want to buy into one at this stage and then by retirement it has developed a bit and has shopes ,cafes,Some attractions, I guess like noosa would have been ten years ago or even now for that matter.Anywhere up to cairns would be good.…[Read more]

My two cents. Make sure its viable. I recently looked at a older place in a central area on a 1500 square block. So i did the sums.Subdivide block through council        $30,000   ( Could be more apparently)                                             Renovations                                         …[Read more]

OK Foundation.I am really starting to think more about your opinions and have a question for you. The million dollar question.When do you think things will turn for the worst.I have a five year plan to have my PPOR paid of and own half of my IP( Thus reducing my current debt from $500,000 to $150,000). This impending bust may throw a spanner in…[Read more]

Handy Andy wrote:
Plenty up here in Brisvegas…there are further bargains even cheaper up here…mine is at Kingston, which is in the Logan area between Brisbane and the Gold Coast…I keep telling people its a gold mine… No one seems to be listening though…

Hi . Whats the rental return to purchase price like up there.

PPOR  Owe $200,000  Worth $350,000IP          Owe $310,000  Worth $335,000 ( Just purchased)Also have $100,000 asset ready to sell when its appretiation is lower than my interest on PPORCurrently looking in VIC, North nsw and tasmania for the next one.

foundation wrote:
"Where  you see the worst case scenario many see the best."Correction: I see a range of potential outcomes, but limit my maximum expectation ("the best") to one that is possible. If other people choose to believe in a scenario that is impossible, that's their choice. I'd call this kind of thinking delusion, but if you're happy…[Read more]

foundation wrote:

devo76 wrote:
May as well shoot myself now while i can still afford the bullet.Sorry to sound like a smart ass but wow.According to your calculations life as we know it is about to end.Scary stuff.

What a strange and immature response. If anything I've written is demonstrably wrong, feel free to refute it. You have many…[Read more]

Hey foundation.Wow just read your post. And i was going to have kids in the near future. No point hey.May as well shoot myself now while i can still afford the bullet.Sorry to sound like a smart ass but wow.According to your calculations life as we know it is about to end.Scary stuff.

Really??.  You have to fill out the form by the 15th to set it up for the 07/08 financial year. What if you buy a IP half way through a year and want to do it. Do you have to wait until the next financial year to start.

So its not illegal to leave it the way it is even though the details have changed. I guess its ok as its on the safe side as a pay rise will entitle me to a larger return not a smaller.So if i correct the change i will recieve a little more weekly or if i leave it. I will get the same amount back weekly as first worked out plus a small return at…[Read more]

Forgot to add i have gone this way as i have just purchased a negative geared IP And recieve substantial tax breaks.

I have about the same figures but with neg gearing i can manage easily. I have allowed to add two bedrooms on which will cost me around$10,000 but i should recieve over $350 A week.Depends on property i guess.

I am lucky as i have a expensive car thar is appretiating in value which is worth around $100 grand plus some equity in my PPOR. So i could sell both the PPOR and my car. Pay some of my IP to give me a buffer then go on a holiday and look for work  Maybe Dubai or something. A forced change in life cant be that bad.

This is what i thought. If you got in early then you are laughing but you have to be careful now paying top dollar for houses in mining towns.

I am on contract but luckily it is a five year contract. I have been through two contract bids so far and each time there is a different winner but luckily they hire the exsisting staff each time. What i do just before contract renewal is get my personal debt down. Get my resume out to possible alternate employees and hope for the best. I dont let…[Read more]