A Millionaire is a person who has- in cash or equity- $1 million bucks- not one cent less, but not necessarily one cent more. Doesn’t matter if the person has a car or a stamp sollection or whatever- the definition is pretty simple.
Of course, if one then had to move to another culture- the situation is different. For example, if i…[Read more]
Reason not to sell- if you sell under 1 year of buying, you pay capital gains tax on 100% of the capital gain, plus all costs of selling- the cost of selling is not tax deductible, except as it applies to reducing the CGT.
Why not use the equity you may have gained in the above property to continue to buy further (cheaper/pozz geared) property…[Read more]
Dougall- why not just offer $80k for this property that the vendors are asking 200k for. They might realise their game is up and that you’ve found them out. Thry might let you buy it for what it’s *really* worth.
Funny how reputations have changed since the RE boom. Wollongong and Newcastle used to have a shocking reputation, and sydneysiders would say “god, why do you live *there*?” (I always loved w’gong) Now, they are considered to be wonderful coastal areas with million dollar views…
As for many of the other CF+ places we have come to…[Read more]
Thanks guys- gee, how did i know you’d help out? :o)
It’s so strange… there is going to be a Federal inquiry… americans are full of moral outrage about it… and yet, 10,000+ civilians are killed in iraq and americans aren’t morally outraged???
Carover- there’s been a number of murders in sydney south-west recently. Do you think that might affect your average investor? Given that prices in sydney are so expensive, it wouldn’t surprise me if the murder thing put people off a bit.
There’s not much choice about paying HECS back. One’s employer takes it out of one’s pay packet when one has an income of over 25K. sis is a young fella, just starting out. He’ll have to pay his HECS debt later, probably.
Here’s an article about HECS from today’s…[Read more]
yes brent- I agree. given that many of the forum’s members would have had free education (if they went to uni), it’s pretty much that they want the younger generation to now pay for theirs. I’ll pay taxes to fund public education and health (AND public housing) any day instead of funding weaponry.
hmmm.. I could take that as double entendre Chan- I have no idea how to read it :+P But moni is great company = warm and lovely- and i am sure she’d love to meet you guys
“BTW, I am NOT looking for partners. It is hard enough having to cope with my wife putting her nose into
my affairs let alone the wives of other possible joint venture partners.”
Kill two birds with one stone Pisces- marry one of the guys from FiveDock.
Aren’t your affairs your wife’s affairs too? Or am i being old-fashioned…[Read more]