Total Members: 158,424

Magellan

  • Magellan replied to the topic Look at that Ugly Compressor!!! in the forum No Subject 18 years, 5 months ago

    The first thing to do is to check with your local Council to see if a D. A is required to instal an A.C. If so Councils usually notify neighbours of the proposal when the D. A is submitted. If you have not been informed and Council requires a D.A your neighbours have probably installed it without Council’s consent. Even if Council’s consent is…[Read more]

  • Magellan replied to the topic Look at that Ugly Compressor!!! in the forum No Subject 18 years, 5 months ago

    The first thing to do is to check with your local Council to see if a D. A is required to instal an A.C. If so Councils usually notify neighbours of the proposal when the D. A is submitted. If you have not been informed and Council requires a D.A your neighbours have probably installed it without Council’s consent. Even if Council’s consent is…[Read more]

  • Magellan replied to the topic pipsinc.com- MASSIVE PROFITS in the forum Help Needed! 18 years, 8 months ago

    Watchdog warning on wealth scheme
    From: AAP
    September 06, 2005

    THE nation’s corporate watchdog has urged Australians who have invested money in a Malaysian-based wealth creation scheme called “People in Profit System” (PIPS) to come forward with information about the scheme.

    The Australian Securities and Investments Commission (ASIC) said…[Read more]

  • Magellan replied to the topic help on calculating compounded interest pls? in the forum Finance 18 years, 8 months ago

    Tools says it would be difficult to document that you had paid interest on your loan to a family member. If you are acting legitimately the relative who has lent you the money will show it as income in their Tax return- hey presto– There is your hard evidence that you have paid the Interest on your loan.

  • Magellan replied to the topic taking tenant to court for rent in the forum Help Needed! 18 years, 8 months ago

    Tenancy tribunals always favour the poor things who are out of work,snivellin kids- we all know but this tenant has a job. Might it be possible to hit him with a Statement of Claim in the courts– and bypass all the Tribunal Bleedin heart rubbish? A suburban solicitor could prepare and serve it on him– make it as juicy as possible– loss of…[Read more]

  • Magellan replied to the topic property development in the forum Help Needed! 18 years, 8 months ago

    There was some sound advice in those Posts May I also add a request here? Is someone able to recommend a good town Planner in N.S W – metropolitan Sydney for preference. Thxs in advance.

  • Magellan replied to the topic Darwin Updates, Please in the forum General Property 18 years, 8 months ago

    Young first time Investors were showing enthusiasm for Darwin. They had heard friends talk. I was interested in opinions from more experienced members of the investment community to pass on to them.Cheers.

  • Magellan replied to the topic Help? in the forum Help Needed! 18 years, 8 months ago

    Hi Miss K — You will notice Terry w is a contributor to this forum. He is a Mortgage broker based, I think in North Sydney. His posts are usually sensible. It might be an idea to speak or E mail him with some of your details e.g income, assets, liabilities. From this he could probably give you an idea of your brrowing capacity .From there you…[Read more]

  • Magellan replied to the topic What type of vehicle do you have ?? in the forum Opinionated! 18 years, 8 months ago

    This will give you all a bit of a larf– 2 cars No.1- an 87 Corvette Convertible–looks like new- goes like the Wind- and no 2 car– a new Volvo 4WD talk about havin split personalities or sumpin–

  • Magellan replied to the topic Giving advice in the forum Opinionated! 18 years, 8 months ago

    My experience of Financial Advisers/ Planners–On the occassions when I have consulted them, without fail they turn the conversation round to quizzing ME upon how I made me munney, where is a good place to buy property etc. One time I just wanted to roll over a small Super amount on behalf of one of my children– same result– and all the…[Read more]

  • Magellan replied to the topic 4 DAZZLING in the forum General Property 18 years, 8 months ago

    Blimey, you guys are starting to sound like the share nutters on hot Copper– hope you are not pump and dump merchants– no only jokin- you can’t unload property as fast as shares– anyway all the best with Perth–my son was in and out of property there when he was based there in mining–

  • Magellan replied to the topic Partial CGT exemption in the forum Legal & Accounting 18 years, 9 months ago

    That is gonna set the cat among the pigeons ,Terry. All those claiming a proportion of interest, light, Rates etc when using a room or so in their PPof R will have to look into this. I remember that question was raised way back in the 80’s when C G first came in and as it always seemed a murky area, I never claimed any part of PP of R–as there…[Read more]

  • Magellan replied to the topic resale value concerns- opinions please in the forum No Subject 18 years, 9 months ago

    Maybe not such a good idea as a PPoR -lavish 5 bedder etc. However if the town has appeal have you considered the Commercial possibilities of the property– Renovate with “Heritage Charm” as a Bed and breakfast– right in the Centre of Town– or small retail premises- say subletting each room to antique, collectible merchants. with a cafe,…[Read more]

  • Magellan replied to the topic Crazy Idea….Your help needed in the forum Help Needed! 18 years, 9 months ago

    Oh sorry, I have not had time to visit this site this week– too busy trading on ASX– I actually made $15k this week– trading Paramount Mining – PCP—and I believe there is more in them. .However even if I had given you that tip and you acted on it you should not be spending your gains on a trip to Paris. Consolidate some NET asset wealth…[Read more]

  • Magellan replied to the topic spuse is overseas – how to make an offer? in the forum Help Needed! 18 years, 10 months ago

    You can get your spouse to grant you a Power of Attorney. It can be for Real estate dealings only or a General P.o.A In N.S. W you used to be able to just go to the local Chamber Magistrate– at the local court House nearest you, and he will implement it for you.Used to be entirely free. Both need to attend for signing— or a standard sort of…[Read more]

  • Magellan replied to the topic how to maximise available cash in the forum Finance 18 years, 10 months ago

    Thxs K S for clearing that up My queries just show that I have been married a Verrrryyy long time —-LOL–

  • Magellan replied to the topic how to maximise available cash in the forum Finance 18 years, 10 months ago

    Not trying to argue — just trying to explore different scenarios— Could Ninie say that as she is married she does not have any of those living expenses as she does not work and her husband supports her entirely? So the income from her Capital is entirely “play money” I have not been in the clutches of the banks since about 1992. We in fact…[Read more]

  • Magellan replied to the topic how to maximise available cash in the forum Finance 18 years, 10 months ago

    Ninie and TMA –At present surely Ninie would have an income– i.e Interest on her $250k say at term deposit rates of 5.5% p.a =$13750.(unless she has it under her matress LOL) When she bought the 2 houses she would then have the income from the rent to state as her income. All the best

  • Magellan replied to the topic Living with Parents & trying to stay sane! in the forum General Property 18 years, 10 months ago

    I feel I have to say something from a parent’s point of view. Have you considered that your parents may not be exactly thrilled to have you and your partner living with you? They ,too are making sacrifices to help you achieve your ambitions. Young people so often think they are doing the oldies a favour by inflicting themselves on their parents…[Read more]

  • Magellan replied to the topic Is this legal? in the forum Help Needed! 18 years, 10 months ago

    Does Mum receive some sort of rental subsidy from Centrelink which has a bearing on your planning—-

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Magellan

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