Mel,

I just went to the ATO Website and that tax bracket is actually still 42%, not 43%

regards

Fudge111[]

Thanks Mel

AS Mel has just informed me there has been a change in the tax brackets

I have now gone through and mended all the formulas for the new rates

Fudge111[]

Melbear,

was the new tax brackets as follows

0-6000 0%
6001-21600 17%
21601-52001 30%
52001-62500 43 or 42%?????
62500+ 47%

Cheers
Fudge111

Very True guys,

some people just don’t have the patience to read all of the posts, is frustrating sometimes, lol

Fudge111[8D]

Actually Alexander,

You’ve inspired me to try something, I will have to only use the average interest over the loan term which is a little inaccurate, however i could possibly do it that way for any loan term, because the profits will be the same for every year of theloan term that way. In a few hours i’ll possibly have something for ya

Fudge111

Hi Alexander

No, unfortuntely that is a problem I cannot really fix, i will have to make so many extra columns and functions, it would just be too much work, it was originally tailored to our strategy which, as you can see, is paying off the properties very quickly, thus the int rate rises won’t affect us too much, in fact, i hope they keep going…[Read more]

Hi Fullout,

If you want a full indicator of cash flows you might like to take a look at my spreadsheet, you can download it from

http://www.rentmaster.co.nz/propertyinvesting/propretuen.xls

thanks

fudge111

Yep, thanks Bill, that will also go straight into our property investing folder for later use i’m sure

Fudge111[]

Your spot on there Fibejibe, the more you make, the more you get taxed, it is good to be taxed more, however, some non-cash deductions such as depreciation are always welcome to lower your tax bill.

Fudge111[]

I’m with still in school!

Let the int rates rise, then we’ll see some NICE properties on the market,

Fudge111[][8D]

Ps Sorry if I have offended any people who will have to sell due to int rate rises

Hi Melissa

Supposodly the stats are that 10% of properties are positive cf properties, i think that at the moment that couldn’t possibly be true, especially in victoria.

But now that prices may drop in the near future more will probably become positive.

Fudge111[]

Hi Guys,

Broz and I are 20 years old and we plan to have kids at around 28, so we have 8 years to get a solid base behind us before kids come into the equation.

We are planning to live very basic for those 8 years so that we can pour as much income into our investments as possible, we are lucky that we both enjoy the simple things in life, so we…[Read more]

Thanks Luke,

your post has definately been a productive one so far, coz i sometimes forget the fact that capital gains are only taxed on 50% of the gain if you hold for more than 1 year

Regards

Fudge111[][^][8D]

Hi Redwing!

Well, I already finished exams last Monday, i was actually making and distrubuting the Srpreadsheet all through my exams, lol, but i still went well in them so I’m happy. I’m doing accountancy by the way,

Thanks

Fudge111[]

Hi Wen

As you can see there are many strategies to investing in property.

Broz and I are taking an approach that most people will not, it’s based on paying houses off very quickly, but it takes alot of your personal income in early years which most people can not or will not want to do.

This approach means we save alot of the *time* factor as…[Read more]

Good on ya Lankson!

Good luck for all your future plans[]

Fudge111[8D]

Hi Mikey,

Broz and I are in the same sort of situation, we are both 20 and yet to graduate.

We are both waiting to see what happens with property prices in the next couple of years before we go ahead, we want to wait till we have 2 incomes to eliminate alot of risk, and it would seem wise to wait at your age especially as property prices may…[Read more]

Very true, but as long as you know the town is solid and tenants are there and abouts, because if the town growth is declining it may not be such a good idea.

I assume you have read Steve’s book?

Fudge111[8D]

Ratings, Ratings, Ratings, nothing else matters to them!!!

Fudge111[]

Hi Weniksa!

Totally depends on your own goals, i mean, look at what Steve has done, if these houses are cf+ then i think go ahead, as long as they are making you money from day 1 they are probably a wise investment.

I’m not speaking on steves behalf but i would say is fair share of homes may have similar capital appreciation, don’t quote me on…[Read more]