Forum Replies Created
Also logged into this late – but here is my 2 cents worth.
Had my grandparents here for lunch (they are down from QLD or 2 weeks) on Saturday.
Sunday was raining here, so we hired videos (“The Italian Job” & “American Pie-The Wedding”) and generally veged. Don’t usually get to do this, so it was great!
Lisa
The gap will always be too large if you don’t at least try to make the jump.
Hi Guys,
I have lived in Sydney & Adelaide & now Newcastle. Have to say that I LOVE Adelaide, and after coming back to Sydney I couldn’t wait to get away again.
I was fortunate enough to buy my house in Sydney 5.5 years ago and am now renting it out.
Newcastle is fantastic! Close enough to Sydney to visit my rellies, but far enough away that they don’t just lob on my doorstep.
Lisa
PS. Being married to a very parochial South Australian, I don’t need to tell you in what regard Melbourne is held in our household! [V]
The gap will always be too large if you don’t at least try to make the jump.
Hi James,
Please don’t get me wrong, I am not at all criticising the present Government and its achievements.
My criticism was simply of those who are quick to jump to conclusions and sprout off about things they really haven’t researched.
Lisa
The gap will always be too large if you don’t at least try to make the jump.
Originally posted by liverpoolharryk:I think this Latham guy is an absolute joke, Can anyone really see him representing Australia on the international stage?
God help Australia if Labor get in! I don’t believe he will do half of what he says and if he does it will be Paul Keating all over again, country goes into huge deficet then it will take a liberal government to get us out of it again.
His tactic are very good though I must say, he is certainly pulling on the right strings. MP’s super etc.
Jarrod
Hey guys.
I suppose I am what you call a ‘swinging’ voter. Meaning I vote for what I feel will be best for Australia at the time. So, unlike the majority of abviously liberal voters posting here, I am not a one party gal.
I just wanted to reply to the above & remind everyone that until the coalition came into power under Howard, NO previous Coalition party in power had EVER had a budget surplus! Some previous Labor parties in power had.
And we are all quick to forget the major reason for the budget surplus – Telstra????
Read up on your political history fellas!
Lisa
The gap will always be too large if you don’t at least try to make the jump.
Hi Richard,
Not at all!! You have been a tremendous help. I just didn’t want to keep bothering you with endless questions. I thought I might have been becoming a pain!
Lisa
The gap will always be too large if you don’t at least try to make the jump.
Thanks Derek,
I too have tried to work out how many of these I would need to earn approx that figure and I too get a headache.
Don’t get me wrong, I am still keen on getting into the market and am hopefull that we will be able to find decent cf+ properties, but I am not going to jump in unless I am a little more positive about the outcome.
We are keeping our eye on a couple of towns that have had excellent growth over the last year, but have probably reached beyond their peak. Hopefully (if we have picked correctly), prices will fall back to a reasonable level, and become a little more attractive.
I am also interested in learning more about the NZ market too.
Lisa
The gap will always be too large if you don’t at least try to make the jump.
hey there.
The way I see it there are a few ways to look at this. It depends on what you are looking for from your investments.
1. If you are looking for strictly capital gains and growth of your investment, looking for something to give you returns in the long run, then -ve gearing is one option.
2. If you are looking for investments that give you returns immediately, and are not so worried about the capital growth (which should occur over a long period of time any way), then cf+ properties will get you there.
3. You may be looking for a mixture of the two. Owning cf+ properties and using the extra funds you receive from these to fund your -ve geared properties. This way you are still acheiveing the capital growth you so desire, but aren’t working as hard to pay for it.
Lisa
The gap will always be too large if you don’t at least try to make the jump.
That sounds great guys! It would be great to chat to like minded people and also hear some +’s & -‘s of property invesment.
Ron & I are going away this weekend (yay, no kids for 2 days!) to look at some properties. Hopefully we can all get together in the near future!
Lisa
PS. I live near Toronto, what about everyone else?
Thanks Guys.
I’m with you Rachel. My gut instinct tells me this is just common sense! Why should I be paying money out of my own pocket for a supposed capital gain I can access when I retire and sell the property???
Does anyone have advice on whether it is better to pay interest only or to pay principal & interest?
Lisa
[^]Thanks Mel.
It was our PPOR until December last year, so we would (thankfully) avoud CGT.
Its hard to wrap my head around his argument (being a non-accountant), but what he basically said that adding the rental income to my existing income, then deducting the allowable expenses for the property would leave me with a tax bill not much under what I calculated as my total cashflow income from the property.
I just want to make sure I’m getting it right.
Thanks guys,
I was being a little cautious, calculating at 8% over 25 years.
And I didn’t look at it that way, that I own a property and it is costing me nothing and appreciating (if only slightly), in value.
Lisa
