Total Members: 158,283

mgs2

  • mgs2 replied to the topic Trying to find a good accountant in the forum Legal & Accounting 17 years, 1 month ago

    Thanks for your posts. Alternatively to general advice, I’m also interested in information as to how I could find a good accountant?

  • mgs2 replied to the topic Buyer’s agents in the forum General Property 18 years, 3 months ago

    Interesting article, it didn’t touch on pricing of such a service though. I would expect it to be similiar to a seller’s agent?

  • mgs2 replied to the topic Blue Mountains in the forum General Property 18 years, 7 months ago

    Hi, I live in the Blue Mountains, Wentworth Falls to be exact. I can tell you that the market here is quiet similiar to that in Sydney. Generally flat growth in the last twelve months and low yields, however the yields are a bit higher than sydney, but still very rare to see a yield of about 5%. Springwood is just as I described, there are some…[Read more]

  • mgs2 replied to the topic Adult children living at home in the forum Opinionated! 18 years, 8 months ago

    I think now days the average age the Australian leaves home is 25. This is understandable that this age has increased greatly over time, to keep with changing conditions. Now days in Sydney, as an example houses are 10 times the median wage, it also must be taken into account that few young people straight out of school or uni earn figures near…[Read more]

  • mgs2 replied to the topic Definition of Investing in the forum Help Needed! 18 years, 8 months ago

    There has of yet been no improvement on Benjamin Graham’s definition of investing. For those unaware of Graham he was mentor to Warren Buffet.

    “An investment is an operation, which upon thorough analysis, promises an adaquate return and a margin of saftey, anything not reaching these expectations are speculative.

  • mgs2 replied to the topic rent/sell in the forum No Subject 18 years, 8 months ago

    I believe the answer to your question will depend more or less on whether your property has good potential to appreciate. As you say this property will be negatively geared,as the yield appears to be no greater than about 5.5%, which doesn’t cover mortgage, plus there is other costs.

    However if you believe this property has good potential to…[Read more]

  • mgs2 replied to the topic Which City/Suburb you live? in the forum Forum Frolic 18 years, 9 months ago

    wentworth falls in the blue mountains west of sydney

  • mgs2 replied to the topic A sick persuit of money in the forum No Subject 18 years, 9 months ago

    A fine post Dr.X

    I find any such comments, as the ones you refer to come from those with some insecurities in their own life. Such comments are also often made without any real knowledge of the facts, they are based off ignorance. I also believe it to be almost impossible to make a great deal of money without helping people. People like Bill…[Read more]

  • mgs2 replied to the topic First Home Owners Grant in the forum General Property 18 years, 10 months ago

    Thanks for the link Mortgage Adviser, thats an excellent site. An interesting point on the website states that this 6 month period begins after settlement, rather than after title transfer. So it is entirely possible to arrange a 6 month settlement period, to do up the place a little, then collect rent at the same time you start to pay the…[Read more]

  • mgs2 replied to the topic First Home Owners Grant in the forum General Property 18 years, 10 months ago

    Thanks for the quick replies, which perfectly clarified everything. I suppose it is easy to get confused. Another more broad question in regards to first home owners. I know that in NSW you are exempt from all stamp duty. I also heard that in Queensland they give you a further $3 000 on top of the FHOG, perhaps this is wrong? Do any other states…[Read more]

mgs2

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