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  • Profile photo of kenyonadkenyonad
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    @kenyonad
    Join Date: 2008
    Post Count: 10

    Great info thanks guys

    Profile photo of kenyonadkenyonad
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    @kenyonad
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    Richard,

    thanks anyway.

    lbglen,

    do you mind me asking which guys/company your parents now use?

    Scott No Mates,

    Sorry meant owners not tenants.

    At the previous body corporate meeting there were issues raised about things needing fixing/attention such as:

    – Fence falling over

    – Gas meters not accessible

    – Gutters all rusted and water running down side of building

    – Garden out of control and just general lack of maintenance being done on property

    We also discovered that some of the owners haven't been paying there fees and are in arrears.

    One of the issues is that a few of the owners aren't there as they rent their place out.

    How would we go about contacting them?

    I check out the VCAT website.

    Profile photo of kenyonadkenyonad
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    @kenyonad
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    Its located in melbourne.

    i actually went to all the trouble as well of organising quotes etc to get things fixed and passed them onto the manager late last year. He did nothing with them and never returned my call.

    Profile photo of kenyonadkenyonad
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    @kenyonad
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    Post Count: 10

    Thanks guys.

    But never said i'd be claiming interest on the new PPOR Loan.

    So might just convert girlfriends loan to interest only rent property out and not withdraw any equity.

    Then start new normal PPOR loan for new property.

    Otherwise i'd be limited to an interest deduction of 192,000/224,000 = 85.71% of the $224,000 loan.

    Profile photo of kenyonadkenyonad
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    @kenyonad
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    bigmagilla wrote:
    … which planet have you arrived from recently?

    who…me?

    Profile photo of kenyonadkenyonad
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    @kenyonad
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    kenyonad wrote:

    Foundation.

    I'd be keen to hear your view on the effect Superannuation reforms which have already had a substantial impact on the size of superannuation fund assets. Assuming a constant annual CPI growth of three per cent, I estimate that superannuation funds will grow from some $193b in 1994-95 to $371b in 2001-02, $1,000b in 2010-11 and $1,920b in 2019-20 (see figure D.2). This reflects a quadrupling of real assets by 2016.

    Superannuation fund assets by source of contributions: http://www.finance.gov.au/pubs/ncoa/Chtd3.gif

    In line with your credit chart?

    This money has to be invested some where doesn't it….? Property funds/shares…

    Not to mention that SMSF's can now borrow via warrants to invest in property…

    Another significant factor in this debate is the constant cuts/reduction in marginal tax rates of recent times. this is only set to continue as tax laws are reformed even further, thus increasing peoples disposal income.

    Salary sacrifice to put more money away…. tax free pensions and tax free ETP's after age 60 provide more impetus for investment.

    Profile photo of kenyonadkenyonad
    Member
    @kenyonad
    Join Date: 2008
    Post Count: 10

    Foundation.

    I'd be keen to hear your view on the effect Superannuation reforms which have already had a substantial impact on the size of superannuation fund assets. Assuming a constant annual CPI growth of three per cent, I estimate that superannuation funds will grow from some $193b in 1994-95 to $371b in 2001-02, $1,000b in 2010-11 and $1,920b in 2019-20 (see figure D.2). This reflects a quadrupling of real assets by 2016.

    Superannuation fund assets by source of contributions: http://www.finance.gov.au/pubs/ncoa/Chtd3.gif

    In line with your credit chart?

    This money has to be invested some where doesn't it….? Property funds/shares…

Viewing 7 posts - 1 through 7 (of 7 total)