Originally posted by Quinny:
My wife is the one who wants more and more and I am the one content with less.
Ewww, thanks for sharing, Quinny…[eh]
F.[cowboy2]

Originally posted by Mortgage Hunter:
Have you heard of the concept of the investment clock?
Which one? This one:
http://www.paritech.com.au/paritech-site/education/beginners/images/investment-clock.gif
Puts us (if this is the reawakening of the bear market for shares rather than a healthy correction) at 2 o’clock, so in order, we can…[Read more]

Originally posted by islandgirl:
The property is in Brisbane and is approx 179K and would rent out at $190 per week. My calculations estimates that this would give me approx 18K per year
Are you perhaps adding the interest on $179k to the income of $9880 in rent to get the $18k per year? You need to subtract it.
$190 * 52 = $9880 in rent
$179,000…[Read more]

Sigh. There’s one in every class… [biggrin]
Yes, my mistake. Or one of them at least. At some point I decided to change from 10 grades/10 students to 6 grades/6 students. Somehow ended up with 6 grades/10 student. Original now edited. The numbers have changed but the outcome is (more or less) the same.
Cheers, F.[cowboy2]

Cata,
In answer to your questions… Not at all. I > [satan]
And just wait until part 2 is complete, then you’ll know the meaning of long… Now back to the sandpit, child. [tongue]

[Edit: Before you go, did you have an answer to
“what is the total value of all marbles at the school? Is it:
a) 606 lollies?
b) 660 lollies?”
after the first…[Read more]

A lot of money has recently moved from property into the share market. There is some speculation that the current share boom is almost done whilst others believe it has another year or two in it.

As sure as night follows day it will end and money will move back to property.
I would say it’s not quite that simple. If this money that you say is due…[Read more]

Sorry, just realised I’d unwittingly been posting in the Legal/Accounting section, and wanted to point out that I’m qualified in neither field… Come to think of it, I’m technically qualified in no field.[blink]
mcdeyess, I hope you haven’t filled out your tax return yet… Prob’ best to run your ideas past an accountant.
F.[cowboy2]

If you’re carrying out a business, then interest costs would absolutely be legitimate deductions.

Anything I say may or may not be wholly or partly incorrect.

– Yes you will need to pay CGT. 3 months = no 50% discount.
– If this is your main form of income, the ATO may deem you to be “carrying out a business” of renovating houses. The same applies to those flipping houses. What, they didn’t tell you this on Hot Property?…
Hmm, I might be…[Read more]

Interesting topic, and one that I’ve studied in detail. I have many thoughts on the matter, but will share just a few.

1) There is no doubt that the gradual retirement of the boomers will have a significant impact on many aspects of society, business, politics and economics. Immigration will not change the absolute certainty that many parts of…[Read more]

Lay a foundation
paula.[wink2]
[eh]Um, sure. Just be aware that I’m busy Tuesday and Thursday, off to the city for the long weekend to shop and see a concert, but will be available on Wednesday.
[blink]
[biggrin]

F.[cowboy2]

Not a personal story, no. Just the big picture generalisations and oversimplifications I’m so very average at. Here goes:
The Reserve Bank crapped itself, opened the liquidity floodgates, and at the same time reduced the cost of borrowing money. Growth in currency jumped from ~10% in 1987 to a peak of 15% in 1989. The broad M3 measure of money…[Read more]

So, let’s assume a couple of days off, that comes to:
25 hours per week plus 32 hours per weekend equals 57 hours per week multiplied by 16 weeks for a total of 912 hours work. At 40k added value that’s $44.00 per hour. Nice work Amanda!
Out of curiosity, a couple of questions. Do you think this would have been a viable project if you were not…[Read more]

Originally posted by Housemender:
We just want to do things in the fairest way.
May I just ask why then are you, in your own words, “concerned that her relatives could just come along and put it on the open market.”
I can see how somebody reading that could get the impression that you are keen to do a a fair deal, but not prepared to give somebody…[Read more]

Originally posted by Mortgage Hunter:
No reason why he shouldn’t let you draw some funds from the home loan to put in a fund like Platinum which has always had 20% + pa profit? (600% growth since 95)Hey, steady on. Perhaps I’m nit-picking, but the only Platinum fund I know of that has returned 600+% over 10 years is PLA0002AU, and it certainly…[Read more]

Don’t know about the legalities of it all, but from a moral point of view, surely his obligation lays with the creditors whose loans he has defaulted on?

Of course, you’d disclose this ‘rebate’ to the lender so as to avoid potential fraud allegations wouldn’t you?
F.[cowboy2]

Originally posted by flatout:
You’re forgetting that the tax cuts actually reduce the amount of tax payable so you have more money in your pocket before any negative gearing kicks in. So although the tax deduction has been eroded because of the lower tax rates, the negatively geared investor actually has more money in there pocket to start with.…[Read more]

I have recently bought a block of and also with a house ($430k)
in view of building 3-4 townhouses
what they would be worth in the marketplace after they have been contrsucted (say $450 ea).
So an existing house on a decent sized block is currently worth $430k? Then why on earth would anyone pay $450k for a ‘townhouse’ on a piece of land1/5th the…[Read more]

Isn’t 4.4% gross yield (on $650k):
a) rather unappealingly low?
b) very optimistic?
There are plenty of deluxe 2b apartments in Southbank available for $350 – $450pw fully furnished with balcony and city views. Additionally, the Melbourne apartment market is still in massive oversupply. My measure of this is the number of ‘serviced apartments’ I…[Read more]