Vegemite is like Rupert Murdoch, born here, but now lives in the US and has US citizenship. Still owns/sells papers here, but money earnt goes back to America.

Cheers
Mel

Yes, SIS they did. Next thing you know they will try to steal our Wallabies[}]

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Mel

Hi Steve and welcome

Could you finish the package and then rent?

Did you buy the property initially for you to live in? Are you using the FHOG?

Are you renting at the moment?

You could always move in for 6 months, and then move out and rent it – and claim the CGT exemption as a PPOR for 6 years if you don’t have another PPOR in that…[Read more]

Leigh, I would think that a CG focussed property, even if negatively geared, that achieves its required CG, could then be sold, pay down some of the loans you have, or be used to fund further positive IPs, thus reducing a 10 year plan by several years.

Especially if you had bought said CG focussed property 1-2 years ago.

Cheers
Mel

Mini bought in NZ guys. I reckon there are still available properties with good returns.

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

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Mel

That’s probably very true Andrew – I hope the next boom kicks in again sooner than we all think, so that the equity can skyrocket and move your plans ahead a bit.

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Mel

From something I read that Muppet posted recently the population is growing, as they let quite a few immigrants in each year (of course, they lose lots as they come here too) but I believe it’s a healthy net gain.

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Mel

Don’t they have something that says x.y number of people per household?

I also would have thought that if 30% were rentals, it would suggest that 30% of people rent? Am i missing something?

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Mel

I wonder what ‘a looooot of work’ really means? That it’s about to fall off the hill?[]

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Mel

Andrew, interesting theory, and one which I have followed to a certain extent. But now I find I don’t want to work anymore, and so I need some positive cashflow properties that will enable me to not work.

If this means I have to go rural and accept no CG, then that’s fine, cos I have the other properties which are well located and will grow.

Cheers
Mel

Celivia, I’ve got all issues of API (bar one, which I must have lost, cos I know I did have it) and this is the first time that the data has been supplied incorrectly.

As the magazine is published bi-monthly, there are not figures in every one, as they come out quarterly, but not before have the REI supplied the same data twice.

I’m quite…[Read more]

gmh454 I disagree that super funds borrowing relies on non disclosure.

You can do it, it’s just difficult for the bank/lender to agree to what would be required.

Cheers
Mel

http://www.abs.gov.au – may not go into the detail you like for free on line, but I think you can get it from the library.

alternatively, http://www.walkabout.com.au has some info

Cheers
Mel

Hi guys, I don’t have a definitive answer – that would be from the accountants, but I’ve been told that 5 is the minimum for tax purposes, some things (can’t remember them either[]) must be 7, and for CGT etc. you must keep for x (5/7?) years after disposal.

Cheers
Mel

You can have Marmite, we have Vegemite, well, actually the Yanks have Vegemite. Weetbix might be all we have left – no, wait, there’s Golden Circle, or so the ads on telly keep telling us.

sigh

And Muppet, I know you said you were ancient, but 50 – I don’t beleive it!![]

Cheers
Mel

There’s a couple that I can think of. FSBO (I think http://www.fsbo.com.au) and ANREPs, can’t remember their website as here they go by CANREPs, so it’s a bit different.

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Mel

Rubbachook, me too. In fact I now know two[]

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Mel

quote:i watched a movie once where Arnold died, now i ‘hear’ he’s Mayor of california, see, only in America

[][][]Redwing are you always this funny, or does it just come out at 4 in the morning?[]

Cheers
Mel

They tried to steal Weetbix too. When I was there in 91 they had an ad on telly. ‘Kiwi kids, are weetbix kids…'[]

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Mel

pmaurice, it is not generally charged on your PPOR, unless the land value is $1M or something similar.

It is charged on IPs, and they add all the land values of all the property you own. There is some threshold (perhaps $280K – some NSW people can correct me), and when your total land owned (IP) is worth more than that, you owe land tax. I…[Read more]