I think that should actually be ‘young’ SIS. O wonderful, helpful one.

Please don’t edit me[]

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Mel

Hey SIS, my fat fingers again! I just did a separate post for Mortgage Hunter in Forum Fun

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Mel

Oh, Guru, that’s so sweet!![]

Congrats SIS. Better be nice to him now – he has powers!

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Mel

Sorry Guru, I think I must have fat fingers. Both you and SIS hit ‘Post’ before I do quite often these days.[xx(]

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Mel

Mark, I think the clue is ‘home’, but it’s true.

Do a search for a post by Mortgage Hunter on this topic. He actually lists the legislation.

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Mel

Christian, for the manual Terry suggested (an excellent manual) go to http://www.gatherumgoss.com

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Mel

comdom – how far off what?

Sounds like a decent deal to me – although you need to factor in PM fees, rates, water etc.

Rental yield is 9.6% (full occupancy)

IO Payment at 7% on $115K = $155 per week.

I’d definitely be looking further.

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Mel

No mcollins. The developer’s solicitor will be holding your deposit, and your solicitor/real estate agent will be holding your buyers deposit.

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Mel

Shirley, if you do a search, Mortgage Hunter actually posted the legislation recently in a similar discussion which outlines the hows and whys of SISs answer.

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Mel

Yes, well Pinky, I reckon we expected that of you two[]

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Mel

Playing Taboo with some friends. Well, actually we stopped to watch the countdown on the telly.

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Mel

I’ve heard from different people (I think Dale Gatherum Goss was one) that if you move out of your PPOR then do a valuation straight away that that will be your ‘beginning’ price for calculation of CGT.

If the above is true, and I think it is, then the pro rata concept is only for where you rent it out first.

shushar, I don’t believe that there…[Read more]

also check out http://www.propertytalk.co.nz

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Mel

Mooda, your friend could do quite well with a negatively geared property. With such a high income, some tax benefits would do wonders for her disposable income. I hope she doesn’t spend it all – although she mustn’t if she’s saved up that much.

If she does want to buy a neg geared one, make sure it’s a relatively new one so she can claim the…[Read more]

Hi Simon and welcome

I wouldn’t buy anything that will appreciate in a company name as if you do sell, you will be subject to 30% tax – there is no CGT exemption for companies.

A better option if you wanted to not have it in your own name (asset protection and tax minimisation) is to set up a discretionary trust (possibly/probably with a company…[Read more]

I think if you read some of the other posts on this same sort of topic, you would find that it COSTS Steve something like $600 per week in bandwith just to run this site. He funds it himself, by selling some of the resources he has created for others to benefit from.

I believe everybody else is here to learn and to help others where they…[Read more]

Rubbachook, that’s not what I was suggesting with my post.

It was more answering your post about people being born here of non Aussies and having parents overseas.

I was arguing that Vegemite and Rupert were born here, and then left rather than that their parents came here and had them.

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Mel

[][][8D][][:X]

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Mel

Risky, there is a commercial book out now – it’s written by Martin Roth of Top Stocks xxxx fame and lots of share books. I can’t recall it’s name off the top of my head though, but it does exist.

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Mel

Congratulations Rubbachook. Good Chrissy pressie.

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Mel