Wealth creation is a state of mind.
Even when people are shown how to do it , only a small
percentage will have the will power to save rather than spend.
I am amazed when people owe $20,000 to $70,000 on credit cards

A real character builder is to go without a wage for 6 years like I have as it gives you the disipline to go without and to get…[Read more]

From the horses mouth click on

http://www.osr.nsw.gov.au/portal/page?_pageid=33,117630&_dad=portal&_schema=OSRPTLT

very helpful downloadable fact sheet on link below
http://www.osr.nsw.gov.au/pls/portal/docs/page/downloads/other/lt_guide_2007.pdf
see fact sheet ppor exempt so not added into calc under certain conditions..

however make sure they…[Read more]

You may not be able to borrow more money because of a low income.

Comments are of a general nature and may not be relevant to your individual circumstances. If you intend making any investment, financial or taxation decision you should consult a professional adviser.

You sound like you have an emotional attachment to this house.
You need to set the max price you will go up to and be prepared to walk away if it doesn’t match if this is an investment property rather than the house you must have no matter what.

Comments are of a general nature and may not be relevant to your individual circumstances. If you…[Read more]

Add a garage if it has a carport . Add an extra bedroom by splitting a room. Add a pergola or Deck . Increase value and increase rent !!
Rent out furniture to tenant ,
Haven’t done this myself just read the theory on it.

Comments are of a general nature and may not be relevant to your individual circumstances. If you intend making any investment,…[Read more]

If you do not mind paying a $20 or $30 fee
http://services.land.vic.gov.au/landchannel/content/guide

Comments are of a general nature and may not be relevant to your individual circumstances. If you intend making any investment, financial or taxation decision you should consult a professional adviser.

Depreciation comes in two forms
Capital building Writeoff usually claimed at 2.5% of building cost on recently built properties.
Other
is Fixtures in a house like a new kitchen, hot water service, Vinyl floor, carpet ect , have different levels of depreciation which can be found…[Read more]

I will have a mortgage broking newsletter in the near future if you would like to subscribe
pm me with your email address.
Brett Duxbury
Plan Australia Member

Comments are of a general nature and may not be relevant to your individual circumstances. If you intend making any investment, financial or taxation decision you should consult a…[Read more]

The cause of the hindenburg fire was caused by a difference in static charge between different aluminium oxide coated cloth. The airship had travelled through rain which caused some thread stiching to be wet (more conductive) and other parts of the ship to have dry cloth stiching (less conductive). When the airship was grounded to the mooring the…[Read more]

Be wary , one particular coastal council http://www.byronbay.org/?p=65 in NSW was trying to ban holiday homes beng rented to temporary residents.
http://www.athertonadvisory.com/Holiday-Rental-Owners-Association.pdf
http://www.aph.gov.au/house/committee/ewrwp/tourism/subs/sub18.pdf

Comments are of a general nature and may not be relevant to…[Read more]

this will explain the 3% max value of the CPI by the reserve bank of Australia
http://www.rba.gov.au/PublicationsAndResearch/Conferences/2004/Heath_Roberts_Bulman.pdf
If the CPI growth gets > 3% or looks like trending to >3 % the economy will experience what is termed unsustainable economic growth.
This is also affected by global growth as…[Read more]

If you want to annoy these marketers then insist on getting an independant valuation, independant finance and independant legal advice (solicitor) rather than using the ones they recommend.

Comments are of a general nature and may not be relevant to your individual circumstances. If you intend making any investment, financial or taxation…[Read more]

The first property is the hardest and then it gets easier as your equity grows over time. Property won’t make you rich instantly it takes time and consistant purchasing and dedication. Start off small as the hardest part is the purchasing costs that are extra like solicitor, stamp duty, insurance, mortgage setup fees, ect.
The bigger the purchase…[Read more]

This is one I have seen in real life
Create a childrens show with music and dancing and create a video and sell it to the ABC as well as to the public. Then francise the show to other countries. Collect Royalities as long as new children are born who haven’t seen the DVD and their parents buy it.

or
Buy shares and then sell the right for someone…[Read more]

In Steves book you would have read about how hard it is to pick the growth cycle of the market and that it only occurs 1/3 of the time.
You need to decide on what strategy you are after.
Do you want to start off small and have a large deposit and instant positive cash flow or work hard at paying off enough to get the property to a positive cash…[Read more]

This may help you with your question
http://www.accc.gov.au/content/index.phtml/itemId/740212/fromItemId/3871
and where to complain to if needed.

Comments are of a general nature and may not be relevant to your individual circumstances. If you intend making any investment, financial or taxation decision you should consult a professional adviser.

this site might of interest to you
http://www.sop.com.au/

Comments are of a general nature and may not be relevant to your individual circumstances. If you intend making any investment, financial or taxation decision you should consult a professional adviser.

You are going to have trouble obtaining finance if you do not have evidence of income or have a business ABN registered for two years.
Having been unemployed for 3 years I have decided to become a mortgage broker. I think I will struggle for the next 12 to 18 months to sign up any mortgages due to the market , but at least I will have an ABN for…[Read more]

be also aware that any capital works / building writeoff money depreciated is minused off the capital base meaning you make more capital gain if sold later on –
Thus more capital gain tax payable.

Comments are of a general nature and may not be relevant to your individual circumstances. If you intend making any investment, financial or taxation…[Read more]

at the moment there seems to be a small window till july 07 to be able to invest some of this money straight into superannuation where it would be taxed at a lower rate. It might be worth keeping this in mind when talking to a financial adviser or accountant.
A wise way to invest is to spread your money over various asset classes this is know as…[Read more]