Not boring at all diclem – all of these stories have amazed me. Most of what I have read in an indication that the public system is better. And we do pay for it in the medicare levy, so it’s still user pays. I remember a few years ago when Howard was trying to make people panic and get private health insurance0- really, it was a way to make people…[Read more]

Robo,

Very good advice from PurpleKiss (as usual) It’s a real pity ythat the former owners didn;t reno it by including a bath- particularly given that there are 2 showers! [jealous]

When going to buy a place, it is probably the first questoin I ask- “does it have a bath?” For me, it’s an emotional thing. I lived in a (rented) house for 12 years…[Read more]

Bionic,

The annual inflation rate was 2% this year. (I mentioned that before but you asked again, so I’m replying again). It is tipped to be *possibly* about 2.5% later this year. I just think that suggesting there will be a huge inflationary spiral, when in fact, it’s the lowest it’s been in 4 years, is incorrect. You obviously disagree. This…[Read more]

Cil,

I think we’re looking at it differently than some. I’m like you- strive to be a good person (but don’t strive so hard that it becomes boring!!) For me, financial goal-setting etc is not so much the way my head works. I don’t see life as an accumulation of wealth. I just think that’s another fun part of life. But so is love, and work, and…[Read more]

Mini said:

“Kay, you can still use tax write-offs to legally minimise your taxable income, even if your properties are *making* money. For instance, I can legally depreciate 93 percent of the PURCHASE PRICE of my properties at 4 percent, ( i bet you don’t even believe me…but it’s true. I mean, that’s more than the average Sydney yield.…[Read more]

ok Monopoly, I’ll go there

It depends on so many variables. Whilst there might be a couple with a child, both parents could be working (3 of my colleagues have young babies and work full-time in professional jobs as do their husbands). I don’t know of that many women who are staying at home looking after babies these days, so I guess if it wee…[Read more]

Here’s a post I wrote elsewhere today on the subject of depreciation allowances, but also relating to negative and positive gearing. The context of it is in response to another person’s question about depreciation, so bear with it if it doesn’t seem initially relevant- or just don’t read it :+P

_____________________

Cel,

A reply to your queries…[Read more]

I’d like to refer back to my original question, about the il/legality of having in one’s possession the work of an author that one has not paid for.

The Copyright act of Australia states that one is able to copy 10 percent or 1 chapter of a book- legally. Having in one’s possession the work of another is not illegal. People may gift books to…[Read more]

Mister Jack

API = Australian Property Investor. It’s the best mag under the sun, I reckon [cap] It comes out each 2 months (the last one was april/may edition), and it costs about $8. I have hear a fabby rumour that it might be coming out monthly soon? That would be good

Ask your local newsagent to get one in for you if they don’t stock it.…[Read more]

Cel,

A reply to your queries about depreciation. Say you have one house with depreciation of 5k. That will reduce your taxable income. So say you were earning 70k. You would be paying 47 cents in the dollar ONLY in that 5k above 62k. So your new taxable income would be now 65k. So you would get back 47 cents in the dollar for the 5k you had…[Read more]

Jack

I am not so sure about statistical websites- dunno. I guess you could pay for ABS stuff, but generally, you can find all the stuff you need just by roaming around the web. These are some of the checks I do. Say I was looking at Bourke, in NSW, and I wanted to find out about it. I would go to http://www.google.com.au and type in “bourke nsw” as…[Read more]

kimcath,

The unit at toowoomba seems a pretty decent price and the rental yield isn’t too bad (from MY perspective) [snitch] 3-bedroom units will always have more of a tendency to growth than lesser sized units. And toowoomba is a big growth area right now. Sounds like a sensible deal

With regards to units I’m sure you’re aware that some people…[Read more]

Yeah, there’s a number of things to look at, Marisa- I wish you good luck with it all

As Judi said, direct debit (where rent comes out of one’s bank account each fortnight or whatever) is a great option. I know for me, as a renter, I use this option, because I am awfully disorganised and would rather let something electronic manage it for me )…[Read more]

Bionic,

Inflation is lower than it has been for 4 years (since the inception of the GST, where inflation, as measured by CPI came in at 6%!!). The annual inflation rate came in this week at 2%. That is in the bottom range of the Reserve Bank’s target of 2-3% inflation.

Where does your prediction of rampaging inflation come from?

kay henry

ok, a quick search found this stuff…

In 1994, the situation of Australian property investors was thus (ABS, 1994):

Most Australian investors own one property only
78% of investors own one property
13% of investors own two properties
9% of investors own three properties or…[Read more]

Kiwi,

You said:

“If there are 6.5%(approx 887,250) of the total 70%(approx 13.65 Million) Austrailan property owners that are investors… and only 0.5% (approx 68,250) own 3 or more Investment properties…. how important do you think the 0.5% value personal education to acheive thier goals?”

That is a REALLY old statistic. I read the other…[Read more]

Michael,

In another post on this Forum, you said you’ve been investing in property in regional SA for 5 years. It’s likely then, that you would have some idea of what to look for when thinking about whether to investigate further the properties you’ve mentioned. Best of luck with it.

kay henry

qwerty,

I agree with you about investors being cautious. Having said that, not all of us began investing 4 or more years ago- pre-boom. Everyone has to start somewher and at some time. I think people panicked in sydney, for example, at the peak of the boom, with all those people bidding higher and higher- hundreds of thousands of dollars above…[Read more]

Dear Vip (I do hope you exist- sometimes people with 1 post never post again and I doubt their authenticity, but anyhoo- i am sure you are real) :o)

You wrote:

“I started work again about 3 weeks ago and im taking home about $900 to $1000 a week..”

ok, so why are you panicking? On my very non-mathematical reading of your salary, if you take…[Read more]

oh ok :o) Now i see we’re talking about a “to do” list, like “pick blah up from train” “ring bank” etc. I guess that could be seen as daily goals. Some would see goal-setting as “at 35, I will be driving a red ferrari and living on the north shore with a yacht” type of thing

I like my brother’s idseas on new year’s resolutions… he said he made…[Read more]