PropertyInvesting.com | DraconisV | Activity https://www.propertyinvesting.com/members/draconisv/activity/ Activity feed for DraconisV. Sat, 11 Apr 2026 16:38:16 +0000 https://buddypress.org/?v=2.8.1 en-US 30 hourly 2 53da803e7b0f7f6ac52d4ccf2d528662 DraconisV replied to the topic Stamp Duty!!! in the forum Help Needed! https://www.propertyinvesting.com/topic/4394861-stamp-duty-20/#post-4596299 Thu, 04 Dec 2008 13:33:08 +0000 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

]]> 5e40504c7ba45fdc15dc225ba8d496be DraconisV replied to the topic carparks as investments in the forum I would like some knowledge https://www.propertyinvesting.com/topic/4394674-carparks-as-investments/#post-4595344 Thu, 06 Nov 2008 05:46:33 +0000 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]

]]> afec89a082dfbc046ab634e6186d996f DraconisV replied to the topic Education and Knowledge Thirst in the forum Help Needed! https://www.propertyinvesting.com/topic/4394661-education-and-knowledge-thirst/#post-4595290 Thu, 06 Nov 2008 00:51:41 +0000 Doesn’t anyone want to satisfy my thirst??

]]> 8bb097ba993b8c7d7ee644fc23cee612 DraconisV replied to the topic FHOG get me in, then bust me up in the forum Help Needed! https://www.propertyinvesting.com/topic/4394656-fhog-get-me-in-then-bust-me-up/#post-4595282 Wed, 05 Nov 2008 08:59:12 +0000 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]

]]> 3b68ac257d22b6029c0bece68286ec98 DraconisV replied to the topic FHOG get me in, then bust me up in the forum Help Needed! https://www.propertyinvesting.com/topic/4394656-fhog-get-me-in-then-bust-me-up/#post-4595280 Wed, 05 Nov 2008 04:56:19 +0000 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]

]]> bfe4f6f3191f7fd4d2bf9bcdfddb198a DraconisV replied to the topic FHOG get me in, then bust me up in the forum Help Needed! https://www.propertyinvesting.com/topic/4394656-fhog-get-me-in-then-bust-me-up/#post-4595278 Wed, 05 Nov 2008 02:30:45 +0000 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]

]]> 39728aaaf489cf8c0d4f80a6e584e44f DraconisV replied to the topic Car parks, a worthy investment? in the forum A cheap form of property https://www.propertyinvesting.com/topic/4385899-car-parks-a-worthy-investment/#post-4550451 Tue, 04 Nov 2008 12:52:38 +0000 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]

]]> 5eef7f9e524d6f0449442a669401c246 DraconisV replied to the topic Car parks, a worthy investment? in the forum Help Needed! https://www.propertyinvesting.com/topic/4385899-car-parks-a-worthy-investment/#post-4550451 Tue, 04 Nov 2008 12:52:38 +0000 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]

]]> b12021678422769b1bf301ce565b7a1e DraconisV replied to the topic Units?? in the forum Help Needed! https://www.propertyinvesting.com/topic/4394499-units-2/#post-4594474 Sat, 18 Oct 2008 22:00:35 +0000 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

]]> a737fae001e24d62df9d8c285d3a28e6 DraconisV replied to the topic NEW FHOG in the forum Help Needed! https://www.propertyinvesting.com/topic/4394456-new-fhog/#post-4594308 Tue, 14 Oct 2008 23:42:57 +0000 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

]]> 1c260d6d008b9ad1b41617c3dff6014d DraconisV replied to the topic How to start in the forum Help Needed! https://www.propertyinvesting.com/topic/4394072-how-to-start-3/#post-4592129 Mon, 25 Aug 2008 09:40:24 +0000 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]

]]> 1e7c9924d48212050a1cd024b6b08074 DraconisV replied to the topic PPOR and Investment property? in the forum Could you buy a house by https://www.propertyinvesting.com/topic/4392772-ppor-and-investment-property/#post-4585221 Sun, 30 Mar 2008 11:46:42 +0000 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.

]]> 8042342b9118cce4dec41f96b2dcba2a DraconisV replied to the topic Refunding of LMI in the forum Help Needed! https://www.propertyinvesting.com/topic/4392577-refunding-of-lmi/#post-4583993 Sun, 09 Mar 2008 11:14:21 +0000 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.

]]> e0cc196d0f5370e84c6934156ae7ba58 DraconisV replied to the topic Any Teens About To Buy First Property in the forum Help Needed! https://www.propertyinvesting.com/topic/4392529-any-teens-about-to-buy-first-property/#post-4583767 Mon, 03 Mar 2008 05:10:54 +0000 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]

]]> c928c8056f9b64d02ce9c79492ec7860 DraconisV replied to the topic Courses not expensive TAFE? in the forum Help Needed! https://www.propertyinvesting.com/topic/4392508-courses-not-expensive-tafe/#post-4583630 Sat, 01 Mar 2008 08:47:08 +0000 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'

]]> f084ae0e3819230893b7c0417911b713 DraconisV replied to the topic The going 'thing' with loans in the forum Help Needed! https://www.propertyinvesting.com/topic/4392513-the-going-thing-with-loans/#post-4583677 Sat, 01 Mar 2008 08:40:39 +0000 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.

]]> 9232bc30adeb48b955979845ce4f68f7 DraconisV replied to the topic Advice on Student Accomodation in the forum Help Needed! https://www.propertyinvesting.com/topic/4392504-advice-on-student-accomodation/#post-4583618 Sat, 01 Mar 2008 08:27:19 +0000 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.

]]> 1f75a2c3461a1af533a3b3cb3a533e32 DraconisV replied to the topic ANY ONE HAVE AN ING ACCOUNT in the forum Being as bored as I am https://www.propertyinvesting.com/topic/4392422-any-one-have-an-ing-account/#post-4583245 Fri, 22 Feb 2008 09:46:50 +0000 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]

]]> e82b770f1ebd777200520c3638ca61df DraconisV replied to the topic Negative Gear or Cash Flow positive in the forum General Property https://www.propertyinvesting.com/topic/4392350-negative-gear-or-cash-flow-positive/#post-4582926 Mon, 18 Feb 2008 00:41:08 +0000 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]

]]> 2ec5677bc391f59cf862d71c9eec83de DraconisV replied to the topic What Now!!?? in the forum Help Needed! https://www.propertyinvesting.com/topic/4392279-what-now-4/#post-4582604 Thu, 14 Feb 2008 04:46:01 +0000 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.

]]> 7d30f82de38ab9ecb13553c9165bbb7f DraconisV replied to the topic What Now!!?? in the forum Help Needed! https://www.propertyinvesting.com/topic/4392279-what-now-4/#post-4582598 Thu, 14 Feb 2008 00:49:53 +0000 trakka wrote:
Yes, that's what I meant, Trance. What LVR did you borrow? If you put in 6%, that would mean you borrowed 94% to buy the first property.

What about Closing costs, I hear the average is 5% of the purchase price, so by these calculations your LVR should be 99, not 94, right???Also, if you tkae out a 100-106% loan the interest will…[Read more]

]]> 66ae38b17f2f13d4709c4a73802423bb DraconisV replied to the topic Capital gains tax??? in the forum Help Needed! https://www.propertyinvesting.com/topic/4391818-capital-gains-tax-35/#post-4579557 Mon, 07 Jan 2008 11:08:19 +0000 Keira wrote:
If you plan on turning it over quickly, it needs to be your PPOR from the day of settlement which means either living in it or having it vacant whilst doing work but NOT having tenants. If you put tenants in first you still get a CGT discount, for every day it was tenanted and you match that period of time living in it you get a…[Read more]

]]> 4e37903ded2a84794a1adebde99dbd78 DraconisV replied to the topic Seeking advice on PPOR in the forum If you pay part of the https://www.propertyinvesting.com/topic/4391697-seeking-advice-on-ppor/#post-4578840 Thu, 20 Dec 2007 11:18:15 +0000 If you pay part of the principle off when you come to turning it into an IP you will have a low tax-deductable debt. You may wantto buy another PPOR then and you will then have a big debt on that which is non tax-deductable.You can get an offset facility which you park your money in,say you have a loan of 100K, and you have 10K in the offset, then…[Read more]

]]> e614bae657ce6c22fd4f20da30fdb8c4 DraconisV replied to the topic Positive cash flow property's in the forum Help Needed! https://www.propertyinvesting.com/topic/4391624-positive-cash-flow-propertys/#post-4578385 Sun, 09 Dec 2007 11:51:31 +0000 Richard, would a wrap like the one that you talk about be a good venture for a first timer in the property market??Coz a CoC return(of  16%) requires a certain % of deposit(so what LVR do you go for??)I'm going to buy a property in late 2009(first one) with a deposit between 25-28K, the property im looking for is around 200K with 5% closing costs…[Read more]

]]> e6a33f097fefcbe4523b988cbb495500 DraconisV replied to the topic Positive cash flow property's in the forum Help Needed! https://www.propertyinvesting.com/topic/4391624-positive-cash-flow-propertys/#post-4578382 Sat, 08 Dec 2007 01:57:46 +0000 Qlds007 wrote:
If you wrap the propert from day 1 you are getting COC return of around 16%.

What sale % margin and % interest rate higher do you use to achieve this??Cheers,Chris

]]> 8364ce5ce14c0c7d162d45961dc06635 DraconisV replied to the topic Giving back the FHOG in the forum Help Needed! https://www.propertyinvesting.com/topic/4391558-giving-back-the-fhog/#post-4578013 Sat, 01 Dec 2007 03:18:18 +0000 Thank you everyone for your posts. I realise it is constructive criticism, so i am not taking it personal.

You are true Kiera it is hard to get a foot in the door, but you are also correct in saying that we all want to suceed but not stoop to the level of fraud.

Maybe being eligible for the FHOG later if i don’t live in my IP sounds good. I will…[Read more]

]]> cfd136b0d700321b8b3a50e5ade392d9 DraconisV replied to the topic Giving back the FHOG in the forum Help Needed! https://www.propertyinvesting.com/topic/4391558-giving-back-the-fhog/#post-4578009 Fri, 30 Nov 2007 01:24:48 +0000 Thanks Foundation. I’ll contact the office and see what happens.

It seems like what I am proposing is fraud, it doesn’t make me feel good that this is the truth. hmm, if they can’t catch me(small chance) then why not give it a go.
:)

uh, i dont understand, i’m sure the ATO would take the money back, how can they not, would I be obliged to live…[Read more]

]]> d4e2c6a0eaf9dcaae2096513fc46cbd8 DraconisV replied to the topic Should I refinance? in the forum Help Needed! https://www.propertyinvesting.com/topic/4391525-should-i-refinance/#post-4577794 Tue, 27 Nov 2007 10:16:53 +0000 simbacat wrote:
Aaaah, a penny just dropped! I didn't realise that the $140k portion of the new mortgage for IP would not be tax deductible if it is then used towards PPOR. It is all getting a bit clearer for me now.

Thats if you refinance(and get 140K) and the proceeds go to paying off the PPOR.With refinancing the purpose of the funds is t…[Read more]

]]> 389092bfcb8e1272128af33d2f86095a DraconisV replied to the topic Is property investing really all its cracked up to be? in the forum Help Needed! https://www.propertyinvesting.com/topic/4391500-is-property-investing-really-all-its-cracked-up-to-be/page/3/#post-4577603 Tue, 27 Nov 2007 06:10:02 +0000 Ok, so house prices won't fly with growth forever above income increases,Will house prices increases stay (sort of) level with income increases.E.g. if income goes up 5% pa, so does house prices, also what are the actual house price increases??Chris.

]]> 63cc8abf59d9ca9d6a2dc9426e4544f7 DraconisV replied to the topic Is property investing really all its cracked up to be? in the forum Help Needed! https://www.propertyinvesting.com/topic/4391500-is-property-investing-really-all-its-cracked-up-to-be/#post-4577574 Thu, 22 Nov 2007 05:40:52 +0000 Woah, Foundation(sorry don’t know your first name).
Your throwing lots of stuff at us and you are kinda scaring the s**t out of me.

I have also read your other thread here https://www.propertyinvesting.com/forums/property-investing/general-property/4322827

So what I get from what your saying is;
Rent rises depend on wage rises, so rent goes up…[Read more]

]]> b3edf8f1775b760511cdc9cae30b847f DraconisV replied to the topic It's time to start! I need genuine advice. in the forum Help Needed! https://www.propertyinvesting.com/topic/4390757-its-time-to-start-i-need-genuine-advice/page/2/#post-4574010 Sun, 18 Nov 2007 03:47:43 +0000 Masih wrote:
5 – Remember Law of 14. If the capital growth is 10% then rent will be 4%. If rent is 10% then capital growth will be 4%.

Where did you get this law from?? I've never heard of it before, have you got any info on it, it sounds good as I have been assuming in my calculations of capital growth 5.5% and rent 4.5%(total 10 instead of…[Read more]

]]> c16db94ac5802da98e4b6e98d4a3f4df DraconisV replied to the topic Steve's email - would you sell negatively geared Sydney unit now? in the forum Help Needed! https://www.propertyinvesting.com/topic/4391313-steves-email-would-you-sell-negatively-geared-sydney-unit-now/#post-4576618 Mon, 12 Nov 2007 23:17:23 +0000 tammy wrote:
Chris,Do you mean Wallsend on the west side of Newcaslte?Tammy

Yes, you are correct…. Is there anything wrong there???

]]> d9ca843861c32ba607af6257423ae943 DraconisV replied to the topic Steve's email - would you sell negatively geared Sydney unit now? in the forum Help Needed! https://www.propertyinvesting.com/topic/4391313-steves-email-would-you-sell-negatively-geared-sydney-unit-now/#post-4576616 Mon, 12 Nov 2007 08:05:30 +0000 Quote:
Hi Chris,If you've saved up some deposit and you think prices might be too high by the time you finish uni, why dont you look for something Off-The Plan with long completion date…say 2 or 3 years? That way you can get in early in the market and dont have to worry about paying off a mortgage while still studying. Parramatta is a great…[Read more]

]]> a8baf4b1c344dcc5213d07f4daa705c7 DraconisV replied to the topic Steve's email - would you sell negatively geared Sydney unit now? in the forum Help Needed! https://www.propertyinvesting.com/topic/4391313-steves-email-would-you-sell-negatively-geared-sydney-unit-now/#post-4576614 Sat, 10 Nov 2007 03:11:57 +0000 Hye Masih,Well, i'm not ready to buy into the market yet, I am just finishing my first year of 3 at university and my gf is doing a long tafe course, we are saving like mad and at the completion of my degree(end of 2009) we should be able to jump in at properties around 200-250, but i'm worrying that I won't be able to get anything good for that…[Read more]

]]> 393fb63e82fafab97d12acc9e9dd3886 DraconisV replied to the topic Steve's email - would you sell negatively geared Sydney unit now? in the forum Help Needed! https://www.propertyinvesting.com/topic/4391313-steves-email-would-you-sell-negatively-geared-sydney-unit-now/#post-4576611 Thu, 08 Nov 2007 23:26:45 +0000 Masih wrote:
Besides, the more rate rises, the higher the rentals as most people wont be able to afford to a buy a house. So demand for rental properties will definitly go up.

Thats exactly what I think too. You will have more expenses but more income, balancing it out.The difference is the stall(or slow down) of rising prices. I will be…[Read more]

]]> 01dc88239256541b6859f8b4920f0d5a DraconisV replied to the topic Finally bought my first home keen to buy a second property in the forum Help Needed! https://www.propertyinvesting.com/topic/4391106-finally-bought-my-first-home-keen-to-buy-a-second-property/#post-4575650 Fri, 12 Oct 2007 04:50:44 +0000 Hmm, propertypower, that is a good idea. As i would like to buy my first IP(in sydney aswell) around end 2009 – start2010 and i am worrying about size of depoist, if i can get in in time to not have missed out on alot of the uptrending of the market.I could get in even earlier, like with still half a year of uni left(mid2009) and do what you…[Read more]

]]> 52e9845564b1b2459017646367484b57 DraconisV replied to the topic Sydney Ripe with opportunities in the forum General Property https://www.propertyinvesting.com/topic/4390953-sydney-ripe-with-opportunities/#post-4574871 Thu, 04 Oct 2007 12:32:13 +0000 Hmm, Stumunro you say that some areas over the next 2 year will show good growth, what regions(not subrurbs) do you think will take slightly longer(i would prefer western, cheaper,200-250K properties) to get some growth going, as i will not be in the property market in such a short time as you have mentioned.Chris.

]]> 7fb87f044159f21ecb62a18bcb89da5e DraconisV replied to the topic Newly Wed young couple seeking advice. in the forum Help Needed! https://www.propertyinvesting.com/topic/4390993-newly-wed-young-couple-seeking-advice/#post-4575111 Wed, 03 Oct 2007 12:46:36 +0000 Would I be able to get a copy of that article aswell Simon.Chris

]]> 3c0b3d87f62ad49f00d60a352734410d DraconisV replied to the topic Preserving the FHOG in the forum Help Needed! https://www.propertyinvesting.com/topic/4391011-preserving-the-fhog/#post-4575208 Tue, 02 Oct 2007 12:34:06 +0000 Mortgage Hunter wrote:
As long as you don't live in the IP you can still get it later.  This changed in 2000 but many people still don't know.

Really??, thats my good news for today. Thank you very much Simon.P.S. Just an after thought, when the FHOG was introduced the prices of properties were much lower, as a result the FHOG made up a…[Read more]

]]> 9d7d662eb59913fa23f379d9fb541e7e DraconisV replied to the topic Preserving the FHOG in the forum Help Needed! https://www.propertyinvesting.com/topic/4391011-preserving-the-fhog/#post-4575205 Tue, 02 Oct 2007 12:18:42 +0000 Mortgage Hunter wrote:
Buying an IP does not stop you from getting the FHOG at a later time when you buy a home.

This is confusing. I've been thinking the other way.Ok, situation time;I buy an IP with my partner(both names on title of prop and loan), we dont get FHOG(as IP).Later we buy PPOR, with both names(blah,blah), do we get the FHOG??Does…[Read more]

]]> 54263f60e473008654863f8a11cdc329 DraconisV replied to the topic Preserving the FHOG in the forum Help Needed! https://www.propertyinvesting.com/topic/4391011-preserving-the-fhog/#post-4575203 Tue, 02 Oct 2007 12:11:04 +0000 Thanks for your reply Shel,So could I arrange for this sort of thing(but with title on property) so for my name to be on the IP(only) and then with the PPOR her name only and she can then claim the FHOG????Chris.

]]> cac377d2b3ba689a30c9ba5539858ea6 DraconisV replied to the topic Taking the Second Step in the forum hmm, do you have to stay in https://www.propertyinvesting.com/topic/4391010-taking-the-second-step/#post-4575198 Tue, 02 Oct 2007 11:30:12 +0000 hmm, do you have to stay in your property for one year, i thought it was 6 months, better check out i think the ato website for clarification(well in nsw its live in for constant 6 months in the first 12 months).

]]> 72d429dc077ba070877301b6340a95c9 DraconisV replied to the topic EXPENSIVE WEDDINGS YET HIGH MORTGAGES in the forum General Property https://www.propertyinvesting.com/topic/4390999-expensive-weddings-yet-high-mortgages/#post-4575140 Tue, 02 Oct 2007 11:28:22 +0000 Jayro wrote:
I'm still lost for words a little over Chris' sister. Geeze, $46k. PLEASE tell me that includes a honeymoon in there somewhere atleast???  Mate at least you and your Girlfriend are on the same level. Thats the important part.

Umm, I don't know if there is a honeymoon in there, but they are going away to the gold coast for 3…[Read more]

]]> 9f2fb60e27fad89b500c1b8d6eb79227 DraconisV replied to the topic help with buying a second property! in the forum elkam wrote: You need to https://www.propertyinvesting.com/topic/4390998-help-with-buying-a-second-property/#post-4575130 Tue, 02 Oct 2007 10:25:10 +0000 elkam wrote:
You need to calculate about 20% of the yearly rental for expenses (repairs, insurances, rates, water, agents fees, vacancies etc.).  This does not include the interest on your loan. However, don't forget that all this is tax deductible, including the interest on the loan.[/quote] I keep on reading this 20% expenses alot. Does that…[Read more]

]]> 4701af7365abf22dab10c4a38e804b36 DraconisV replied to the topic EXPENSIVE WEDDINGS YET HIGH MORTGAGES in the forum General Property https://www.propertyinvesting.com/topic/4390999-expensive-weddings-yet-high-mortgages/#post-4575136 Mon, 01 Oct 2007 12:26:31 +0000 I agree totally with what everyone is saying, my sister is going to get married janurary 2008(shes been engaged for 2 years), and well my parents said they would pay 15K, her fiances parents are paying 5K, so thats 20K that they dont have to fork out, but they still are forking out an extra 26K aswell. This is unreasonable 46K for a wedding, come…[Read more]

]]> 350828facb1f6930ffcbd857fc18af32 DraconisV replied to the topic Way to "minimise" CG tax to nil in the forum Help Needed! https://www.propertyinvesting.com/topic/4390977-way-to-minimise-cg-tax-to-nil/#post-4574991 Sat, 29 Sep 2007 23:51:31 +0000 Thanks for your reply Terry,What I said about the CGT 50% thingy was exactly what you meant but I didn't write it in very clear words.i'll have a look to see if i can find some ruling or something with details, and the like.Thanks,Chris.

]]> d1b643002b0adb97ac78d037d71e62ac DraconisV replied to the topic Some serious Number Crunching in the forum Help Needed! https://www.propertyinvesting.com/topic/4390944-some-serious-number-crunching/#post-4574802 Sat, 29 Sep 2007 12:02:28 +0000 devo76 wrote:
I love crunching numbers. I have a calculator sitting next to me at home. The wife thinks ive lost it. Ill see a property and go through a bunch of WHAT IFS. Seing if its viable or what a reno will do. It helps hone your skills i think.

We are very similar, I have my calculator sitting next to me too, I love crunching numbers.Chris.

]]> ba53c5caba1fb6c880872b8d9238be1d DraconisV replied to the topic Some serious Number Crunching in the forum Help Needed! https://www.propertyinvesting.com/topic/4390944-some-serious-number-crunching/#post-4574799 Sat, 29 Sep 2007 05:10:29 +0000 Thank you Marc, your perspective has given me something to think about.If I can get early access to the property I could do minor reno, e.g. paint. Then move in a tenant.This will make me a buy and hold investor, I don't like the sound of that, but if moving into a house and doing a 6 month reno and not really guaranteeing the returns i'm after…[Read more]

]]> e5434ee3624d81ea66635a9c648c9430 DraconisV replied to the topic Some serious Number Crunching in the forum Help Needed! https://www.propertyinvesting.com/topic/4390944-some-serious-number-crunching/#post-4574797 Sat, 29 Sep 2007 03:43:30 +0000 Thanks for your help Marc, greatly appreciated,Ok I have now crunched the those numbers, and re-crunched em. Here they are;Purchase price: $200,000Closing costs(6%): $12,000Deposit: $32,000Renovation costs added to loan: $20,000Loan amount: $200,000LVR 100LMI(2.5%): $5,000New Loan amount: $205,000Holding costs for 6 months(including rates, i…[Read more]

]]> 879188677f5063ed9446939399422ff2 DraconisV replied to the topic Some serious Number Crunching in the forum Help Needed! https://www.propertyinvesting.com/topic/4390944-some-serious-number-crunching/#post-4574795 Fri, 28 Sep 2007 12:01:42 +0000 Hmm, thanks Marc for your reply I didn't see your message.Ok Marc in my number crunching I have revised it a little but not yet to what you mentioned. I did not allow for holding costs during the 6 months, which turns out to be 7K(just like the FHOG). Now as it will be my PPOR(for the 6months) would the 6% on top of purchase price hold, I don't…[Read more]

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