Total Members: 158,077

DraconisV

  • DraconisV replied to the topic Stamp Duty!!! in the forum Help Needed! 15 years, 3 months ago

    Thanks heaps guys you solved the problem. Its bad news as I can’t claim that 40K, but oh well its the rules. The IP next year is still looking alright.

    Thanks again,

    Chris

  • DraconisV replied to the topic carparks as investments in the forum I would like some knowledge 15 years, 3 months ago

    I would like some knowledge on this too.

    I posted this a few days ago in another topic in this forum but got no reply

    A cheap form of property with a high rental return (alot above interest rates/currently). Ok so they don’t appreicate in value (but you have CF+) but do they depreciate (seeing as we are in financial crisis times)??

    I just…[Read more]

  • DraconisV replied to the topic Education and Knowledge Thirst in the forum Help Needed! 15 years, 4 months ago

    Doesn’t anyone want to satisfy my thirst??

  • DraconisV replied to the topic FHOG get me in, then bust me up in the forum Help Needed! 15 years, 4 months ago

    Well my long term at the moment seems to be buy property mid next year.. keep for 5 years (interest only) and build up heaps of money in the offset account. The after the 5 years i want to buy a place in the north shore area (~800K), I will have a much higher income. I would either take all the money out of the offset to use as a deposit or i…[Read more]

  • DraconisV replied to the topic FHOG get me in, then bust me up in the forum Help Needed! 15 years, 4 months ago

    Thanks Tony,

    Yes all the asset classes are looking bad at the moment. Shares?going bonkers… property?overpriced, needs alot of stimulus (lower rates, higher FHOG) to keep stable… cash?5% before tax, less after tax, pretty much negative after inflation…

    Ok so i’m inclined to not get in now.. after my uni, and phd, when i start earning some…[Read more]

  • DraconisV replied to the topic FHOG get me in, then bust me up in the forum Help Needed! 15 years, 4 months ago

    Thanks Tony for your reply, you helped heaps.

    The thing with the government only keeping it till the middle of next year has got me all excited and thinking whether i should jump in.

    If Australia is looking to be in tougher times in the middle of next year then the government can either continue the 14K FHOG or ditch it as planned. If they ditch…[Read more]

  • DraconisV replied to the topic Car parks, a worthy investment? in the forum A cheap form of property 15 years, 4 months ago

    A cheap form of property with a high rental return (alot above interest rates/currently). Ok so they don’t appreicate in value (but you have CF+) but do they depreciate (seeing as we are in financial crisis times)??

    I just looked on findacarpark.com.au and I have looked on the sydney maps…

    110 sussex street is for sale at $90,000. and under…[Read more]

  • DraconisV replied to the topic Car parks, a worthy investment? in the forum Help Needed! 15 years, 4 months ago

    A cheap form of property with a high rental return (alot above interest rates/currently). Ok so they don’t appreicate in value (but you have CF+) but do they depreciate (seeing as we are in financial crisis times)??

    I just looked on findacarpark.com.au and I have looked on the sydney maps…

    110 sussex street is for sale at $90,000. and under…[Read more]

  • DraconisV replied to the topic Units?? in the forum Help Needed! 15 years, 4 months ago

    Thanks Elka,

    I was initially thinking live then rent, but it made more sense, as i would be able to increase my income a bit over the 6 months of it being rented out before living in it. I’ll have to check it out.

    20% is the general figure for houses. I know units are always different but what average figure would you put on them?

    Chris

  • DraconisV replied to the topic NEW FHOG in the forum Help Needed! 15 years, 4 months ago

    How long are these 14K ad 21K FHOGs going to last for?
    I’M Not ready to get iNto the Market just yet
    But proBaBly deCeMBer NeXt year

    Chris

  • DraconisV replied to the topic How to start in the forum Help Needed! 15 years, 6 months ago

    Thanks guys,Scott, I was thinking in bed last night about finishing my undergrad year and then get a research assistant job (I already do work experience in my field so a job is guaranteed), I should be getting about 45K a year at the start of 2010. My income would be higher and then I might be able to jump into the property market easier.I could…[Read more]

  • DraconisV replied to the topic PPOR and Investment property? in the forum Could you buy a house by 15 years, 11 months ago

    Could you buy a house by yourself and then get your partner to pay rent to you and you can then claim the FHOG and negative gearing. Then later they can stop renting and it wont be a IP for CGT purposes???Cheers,Chris.

  • DraconisV replied to the topic Refunding of LMI in the forum Help Needed! 15 years, 12 months ago

    Woah, I made this post yesterday, come back today it has grown alot.Thank you everyone for your help. The partial refund and limited timeframe(under a year) is generally what is floating around in this thread.Thanks guys,Chris.

  • DraconisV replied to the topic Any Teens About To Buy First Property in the forum Help Needed! 16 years ago

    Hey Wdemirdoner,I'm in similar position, I'm 19 in my second year of 3 at uni, when i finish uni I should have about 30K saved up, I will be getting my first IP early 2010 in sydney.Where are you looking at buying? What price range?Do you have any strategies(or just buy-hold)?I'm looking at buying in the 200K price range(2 bedroom) turn it into 3…[Read more]

  • DraconisV replied to the topic Courses not expensive TAFE? in the forum Help Needed! 16 years ago

    The education department needs to create a finance course in high schools and make is compulsory in years 7-12, that would sort out the youngins'

  • DraconisV replied to the topic The going ‘thing’ with loans in the forum Help Needed! 16 years ago

    What is a quarterly rest?So I take it that its not the going thing to have daily reducing(is there weekly reducing or something else??).Chris.

  • DraconisV replied to the topic Advice on Student Accomodation in the forum Help Needed! 16 years ago

    There is many posts regarding purchasing student accomodation as investments on this forum. Try doing a search, a problem that comes up alot is a lack of capital growth.Cheers,Chris.

  • DraconisV replied to the topic ANY ONE HAVE AN ING ACCOUNT in the forum Being as bored as I am 16 years ago

    Being as bored as I am tonight I have worked out that if you started this $30 a month when your child was born and the interest rate was 6.45 all the time and if you paid tax from this from your own money and not from this fund then on your childs 18th birthday they will have $12,250.87.Thats pretty cool. A nice headstart and also you will have…[Read more]

  • DraconisV replied to the topic Negative Gear or Cash Flow positive in the forum General Property 16 years ago

    PaulDobson wrote:
    We use positive cashflow properties to support our higher capital growth, negatively geared properties.  More specifically, we use Vendor Finance as our positive cashflow technique and utilise this cashflow to build wealth in our buy and holds.  Good luck.

    Thats the strategy i'm looking at getting into. Using wraps to get po…[Read more]

  • DraconisV replied to the topic What Now!!?? in the forum Help Needed! 16 years ago

    Thanks Trakka.Also Trance you might be able to do a quick reno on your current property. It would help to build equity and also provide you with extra cash if you refinance.Chris.

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