Hi richman

If you can, find and purchase a property that gives you money back, rather than the other way around. There are quite a few kiwis that post regularly on here, and one thread that might interest you is

https://www.propertyinvesting.com/forum/topic.asp?TOPIC_ID=4541

Also, propertytalk.co.nz has a lot of info that should help you…[Read more]

Hi Jarvis

You might find that your borrowing capacity at the moment could be substantial! I suggest finding one of the mortgage brokers on this site, and dropping them an email. I think Melanie is in Brisbane, so would be probably the closest if you wanted a face to face meeting.

Cheers
Mel

Hey SIS, why don’t you have a look at the newspaper, or http://www.mortgagemagazine.com.au , and contact one of the firms that are advertising. there are an awful lot out there advertising, and I’m sure they’ll be only too happy to let you know their requirements.

Cheers
Mel

Hi C2

The ato does not care what the security is – you could borrow against your stamp collection if somebody would lend to you.

The interest is only tax deductible when the purpose is investing. The only thing to be aware of when borrowing against your PPOR is that if there is any other debt at all – KEEP THEM SEPARATE. This will save a whole…[Read more]

Hi C2, yes I did read your post, and noted your questions. I did not know that ‘job’ was not a oft used word in America, as every American I have worked with/spoken to/listened to (like the Kiyosakis etc.) have all said job.

My post was more to clarify with jmskim that we are in fact mainly Aussies, mainly buying here (and of course our sad NZ…[Read more]

Hey C2, there has been a thread posted on the acronym topic, I think it may have been in the Forum Fun. If I can find it I will post the link.

Cheers
Mel

Found it, but it’s more about chat abbreviations than any property ones. Oh well, I’ll post it anyway

https://www.propertyinvesting.com/forum/topic.asp?TOPIC_ID=4903

HI C2

Any extra cash that I get from refinancing I will put in my one LOC (if you haven’t got one, then choose One IP that has a redraw, saves on fees if you need to redraw from one place rather than several). Oh yeah, do it in the highest interest rate loan too.

This way you have all the cash in one place, are still reducing the interest…[Read more]

Yes Poltergeist you are correct. If you had read my stax of stats post though, you would have seen that I have no kids, and I think I said one nephew. And it’s the ‘doting parents’ who are sitting with Cameron, smiling down.

Westan, I think one of my loans is fixed at 5.67% or something like that possibley for three years.

I’m currently…[Read more]

Hi all, jmskim

It might be just me, but I’m guessing that jmskim stopped by this site, not thinking that it was an Aussie site, and not with the intention to invest in Oz. The .com, rather than .com.au has given us a few Americans/Canadians in the past who thought this was an American site.

If I’m wrong, then please correct me jmskim.

Cheers
Mel

Hi Jmskim

I would suggest you do a bit of reading (in the States there seem to be millions of books on how to buy property), and perhaps attend a course or two (john burley, robert kiyosaki, robert allen are a couple who spring to ming).

Also talk to some accountants (www.sageintl.com) regarding how best to be structured. With the number of…[Read more]

Hey Muppet

The investors who are selling will outnumber the investors who are buying by a good proportion. If it is true that only 10% of properties are cash positive, then the ration of neg to pos is 9:1.

If only 1/2 of these negatively geared investors want to sell, that’s a huge number, and if there are no other investors willing to come in…[Read more]

Hey Bill, I know that the first two are both correct, and would hazard a guess that the third one may well be.

I think bigpond only want x number of users per domain, and so issue out the next one when the current is ‘full’

Cheers
Mel

Ok, I’ve now read the article and I’m confused.

It says ‘split-loan case finally resolved’, but it goes on to say that the High Court has granted the ATO an appeal against the Federal Court decision.

So to me, that means another court battle in the High Court over the same issue.

Am I wrong?

Cheers
Mel

Thanks Terry

I’m wondering why that didn’t make the news? Although I suppose we still have a war to cover, and the Rugby.

Any bets on how long it will take for legislation to be introduced outlawing this practice?

Cheers
Mel

So did I Kay. I kept refreshing to see what had happened, but then I guessed, and found the other one!!

Cheers
Mel

Muppet, I thought your cricketers were called the Black Caps (?). You are talking about them beating India for a chance to play Australia in the finals aren’t you?[]

Oh, I think you might mean the Rugby team.[]

It’s not my fault, it was like that when I got here!

Hey Phil, 94 reads, and still no sign of Shaun!![^]

Cheers
Mel

Hi Phil

Your accountant is right, they are ‘capital expenses’ and so only claimable if and when you sell except……

In the good old ACT, we have leasehold land, and as a result of this, stamp duty is claimable in your tax return![]

You pay the stamp duty to the ACT government, and then you claim up to half of it back from the federal…[Read more]

Jake, self doubt is understandable. Check out the posts by fudge on his strategy – he’s only a young fella too (bit older than you, but still a ‘baby'[] – now please you youngsters, don’t take offence, it’s a joke!).

Also check out still_in_school (I think he means Uni/Tafe, so again older than you) but he’s managed to acquire 11 Properties this…[Read more]

richmond, I absolutely agree with you. My statement was sort of tongue in cheek, in that if it does ‘get the flick’ then there will be a lot of high income borrowers who will no longer be interested in investing in property, and will sell en masse!

At that point, ‘real estate doom’, but lots of bargains, and shortage of rental housing.

Cheers
Mel

I don’t think so Jake. As long as you know how to work a calculator, or maybe learn to use excel you should be right. It’s simply often a matter of learning the formula, and putting the figures in.

There is plenty of software out there that you only have to punch the numbers into, and it spits out the result for you.

Cheers
Mel