Chan$, if it’s a girl, call her Henrietta, and then you can shorten it.

Cheers
Mel

MJK, I’m actually a Canberran.

We don’t have to worry here – although we must inform the ACT Revenue Office if we are renting out the property. Then they issue us a bill almost immediately. They issue them quarterly (so kind of them), or you can pay it upfront at the ‘beginning’ of the year for that suburb (ie it’s a different month for…[Read more]

Kaaaaay, Hennnnnnnry, dinner’s ready. Oh Kay Henry you’re here too, you can come too if you like…… []

Cheers
Mel

Oh SIS, comps over – I won. Let’s move on [][][][]

You often make better responses than me – our knowledge bases are very different, so it’s good that in some cases you know better, and in others I do – that’s how we can make that team work. Remember, you Steve, I Dave.

Cheers
Mel

Hi JannB

The market in Tassie has boomed also. You haven’t really specified what you are looking for though. I suggest do a search on Tassie on these forums, there have been a few members buying there recently, the most notable that I can think of being Bear1964.

Cheers
Mel

007, and what sort of discount do you sell to them for? Or is there no discount, they just get a commission?

Cheers
Mel

Sorry MJK, I’ve not got any property (until end this month anyway) in NSW, so I can’t help you out. I presume if you look up land tax on the NSW gov website it will tell you the procedure.

Cheers
Mel

Originally posted by Still in School:
What if ?

Kay Henry is really just Kay Henry’s name ? []

No offence, Kay, but if that is your real name I would be really upset (if i were you, or you were me, or whatever it is I mean[]) cos of what Henry Kaye has been up to lately.[8]

Cheers
Mel

Chan$, one question. If it’s a good tenant, why sell?

Cheers
Mel

Good pickup Matt, I was about to suggest that you guys could still organise one. There appears to be interest there.

Cheers
Mel

Good stuff Luke, and good luck []

Cheers
Mel

Pisces, I reckon there would have to be some serious deflation before incomes were actually lowered. Especially for public servants, of which I am currently still one.

Also, as I said, I don’t expect the rates to be that low for a considerable period, by which time my properties will be well and truly +ve, so it wouldn’t matter if they did drop…[Read more]

TerryW has only one post to go, and he too is a member. Same with Sooshie, unless she has posted today.

Cheers
Mel

Chan I think that’s why Kay chose the name for this forum.

I must admit when I first saw it I thought of Henry Kaye.

Cheers
Mel

Hi troyid

If it’s a trading company, then definitely not.

The problem with investing in appreciating assets in a company is that there is no CGT exemption, and will always be taxed at 30%. You have very little flexibility in distributing those funds afterwards also.

A discretionary trust is a better option – with corporate trustee, as this…[Read more]

Chan$, why don’t you see if the tenant wants to buy it? Will save on advertising costs etc.

Cheers
Mel

Hi dalderman and welcome to the forum

I am guessing from the cash purchase that if you have a PPOR (principal place of residence – just in case) that you own it outright?

As for how you structure the mortgages, it depends what your aim is. If you are not fussed about owning them outright (which you do now anway), then I would go for an Interest…[Read more]

Yep, Pisces, I reckon I still would. Cos I don’t see that happening in the ‘near’ future, and so I reckon I’d get in a few good years where my 7% was lower than the standard, and so by the time the rates did get low (and I just can’t see it happening here – but doesn’t ‘everybody’ say that[:p]) I would have a smaller loan, and more income either…[Read more]

Phil, if you do a search, this topic has come up at least twice, and I’m sorry that I can’t remember the name that was mentioned.

Cheers
Mel

Bruce, I’m thinking that the first problem you’re encountering is that you are buying in a unit trust, and therefore cannot claim a PPOR on that basis as the trust will own the land, and therefore the buildings.

Cheers
Mel