PropertyInvesting.com | mcwong | Activity https://www.propertyinvesting.com/members/mcwong/activity/ Activity feed for mcwong. Sun, 12 Apr 2026 00:42:41 +0000 https://buddypress.org/?v=2.8.1 en-US 30 hourly 2 e2966e98c652ae28b73973540959fff9 mcwong replied to the topic Victorian State Governemnt FHOG in the forum Help Needed! https://www.propertyinvesting.com/topic/4373515-victorian-state-governemnt-fhog/#post-4471962 Thu, 06 May 2004 13:56:48 +0000 Yes, the $5K is on top of the fed. govt. first
home owner grant $7k. Though, the Vic FHOB(onus)
lasts for I think 14 months only, and it’s in the
form of $$ for FHO to spend in any way one may
like, even to buy something other than property!

]]> a74bcd906fb9f365f587017c33e2381c mcwong replied to the topic Subdivision & CGT ? in the forum Help Needed! https://www.propertyinvesting.com/topic/4373487-subdivision-cgt/#post-4471795 Thu, 06 May 2004 13:48:18 +0000 I guess the debatable issue here is that I am not
“selling” the subdivided lot to the family
member, and therefore no real $$ involved in the
transaction. So, I would have though for stamp
duty calculation sake, the valuation requirement
will still apply … but not the CGT issue,
certainly not to me being the original owner now
parting part of…[Read more]

]]> a50626986f9bb717114cf7a7e023d41f mcwong replied to the topic Is neg gearing usefull at all?? in the forum Help Needed! https://www.propertyinvesting.com/topic/4373337-is-neg-gearing-usefull-at-all/page/2/#post-4470814 Thu, 06 May 2004 04:23:49 +0000 Considering myself a newbie in property investment
the inputs here have been really good education
for me.

There is only one main issue that keep sticking
out at the back of my mind stopping me from taking
the next step in investing in more IP.

All investments (stocks or IP) require capital $$
to get into and for most it means mortgage/loan.
In…[Read more]

]]> e01fcd9ccf307deeae87601640f7a27f mcwong replied to the topic due diligence ? in the forum The Treasure Chest https://www.propertyinvesting.com/topic/4365637-due-diligence-2/#post-4415208 Wed, 30 Apr 2003 07:51:27 +0000 Thanks for the reply, Dave.
Any idea of a 3rd party company who can does a
quality DD on potential wrapee, short of going for
a realestate agent ?

Thanks
MCW

]]> 4ef17bf3b18da67e935159e2bf2bfba3 mcwong replied to the topic Newie- question: sell IP to pay down house? in the forum The Treasure Chest https://www.propertyinvesting.com/topic/4365636-newie-question-sell-ip-to-pay-down-house/#post-4415197 Wed, 30 Apr 2003 05:40:36 +0000 Hi

I am newbie as well but my opinion is that, having
to choose between paying ATO and the bank, I will
choose the latter, ie refinance the IP1 to get
access to its equity, provided it has some!

CGT could be as high as 48.5% (but one-off) vs
bank interest rate <10% though ongoingly. If you
have other IPs that are already +CF, that may well
cover…[Read more]

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