Total Members: 158,752

Monopoly

  • Monopoly replied to the topic Looking for a tax accountant in the forum Legal & Accounting 19 years, 4 months ago

    Hi Karl and Rita,

    Try Julia from here or SS, she is in Bechmere Qld (not sure if that is close to you). DaleGG from SS is very reputable also (especially with Trusts) and although not in Qld has clients from across the country.

    Try Julia Hartman [email protected] or http://www.bantacs.com.au

    Cheers,

    Jo

  • Monopoly replied to the topic The risks of Property development in the forum Value Adding 19 years, 4 months ago

    Mini,

    I was not scared off by Michael’s post; I don’t believe anyone should be scared off by anyone’s post. The whole idea is to read the posts, take in what you feel valuable and leave the rest; simple. As for the reason I was attracted to this thread, it was predominantly out of interest especially considering some very recent events…[Read more]

  • Monopoly replied to the topic RENTAL OWNERS and WORKERS COMPENSATION in the forum Legal & Accounting 19 years, 4 months ago

    Originally posted by Mortgage Hunter:
    One might need to consider what cover you have for a friend or famly member working on your property for you though?
    I would hope Simon, that you (or whoever) would have adequate public liability, as this is generally sufficent to cover “friends, family and public in general” but of course, as with any…[Read more]

  • Monopoly replied to the topic RENTAL OWNERS and WORKERS COMPENSATION in the forum Legal & Accounting 19 years, 4 months ago

    I’m sorry but after reading the information of the provided link, repeatedly, I STILL cannot fathom the correlation between the need for Workers Comp insurance and residential property owners cover for tenants!!!

    The ONLY section that even HINTS to have some merit is:

    Example 3.
    A sub-contract paver who happens to be a working director repairs…
    [Read more]

  • Monopoly replied to the topic RENTAL OWNERS and WORKERS COMPENSATION in the forum Legal & Accounting 19 years, 4 months ago

    Originally posted by Mortgage Hunter:
    Can you change it?

    If the answer is no then pay it or don’t own property in this state.

    Why waste emotional energy fighting it or complaining? Turn your effort to something a little more productive.

    If the answer is yes then change it and everyone will be happy [biggrin]
    Are you asking ME specifically??…[Read more]

  • Monopoly replied to the topic RENTAL OWNERS and WORKERS COMPENSATION in the forum Legal & Accounting 19 years, 4 months ago

    Originally posted by Mortgage Hunter:
    Originally posted by JasonBourne:
    Why would residential IP owners need workers compensation insurance? Sounds like BS to me.
    What are you saying Jason? That having an insurance that may be a legal requirement is something you wouldn’t do?
    No Simon,

    I think (correct me here if I am mistaken) Jason is…[Read more]

  • Monopoly replied to the topic The risks of Property development in the forum Value Adding 19 years, 4 months ago

    Michael,

    What an awesome post!!! [thumbsupanim]

    I am not a property developer; I never have been, nor do I intend to be (well not in the immediate future). Why??? Because I agree wholeheartedly with you; I too have seen many “developer” friends go from owning a hefty portfolio to (some, not all) near bankrupt, those that survived are currently…[Read more]

  • Monopoly replied to the topic help me retire in the forum Help Needed! 19 years, 4 months ago

    Originally posted by nowork:
    Would anybody be able to help me to find population rates for areas around Australia that are free.
    ABS Yearbook Australia (Population)
    http://www.abs.gov.au/AUSSTATS/[email protected]/94713ad445ff1425ca25682000192af2/3ddd24a55e971933ca256f7200832efb!OpenDocument
    It is the most current (2005). From there you can select the…[Read more]

  • Monopoly replied to the topic Land Tax in the forum Legal & Accounting 19 years, 4 months ago

    Originally posted by leo777:
    I’ve read in the newspaper about the land tax. “Property owners slugged”. In Victoria, is the land tax relevant ??
    Unfortunately YES [glum2]

    As far as I know, it is only relevant in NSW, but I might be wrong.
    Again, unfortunately YES [glum2] See below:

    Land Tax is applicable in:

    VIC
    http://www.sro.vic.gov.au/sro/sro…[Read more]

  • Monopoly replied to the topic First Home Owner Grant in the forum Help Needed! 19 years, 4 months ago

    Originally posted by foundation:
    PS – If you follow Enzo of REIV’s logic, that:
    CAPITAL LOSS = $10,000
    can more positively be described as ‘slightly negative growth’ or ‘more realistic levels of stable capital appreciation’…[biggrin]

    Foundation,

    It wouldn’t exactly equate to 10K as obviously there are other factors that need to be taken into…[Read more]

  • Monopoly replied to the topic First Home Owner Grant in the forum Help Needed! 19 years, 4 months ago

    Originally posted by leo777:
    Recently, I was approved for the first home owner grant. The settlement date of the property would be the end of March. I have a plan to move to the new house next August, and during the vacant period (April – July), one of my friend agrees to rent my property.
    Leo, I am not an expert on FHOG but from the little I do…[Read more]

  • Monopoly replied to the topic Making Money is easy !!! in the forum General Property 19 years, 4 months ago

    Hey Resi,

    It may be a simplistic view but really I guess the fundamentals of “making money” generally are, that is, people do it (make money) all the time; they sell stuff, or more everyday-ish, they go to work and MAKE money. No great mysteries there!!!

    The key IMO is not “how to make money” but once made “how to sustain wealth” that needs to…[Read more]

  • Monopoly replied to the topic Moved out of PPOR – is it an IP? in the forum Help Needed! 19 years, 4 months ago

    Thinker,

    Relax, you will be CGT exempt because:

    a) as part of the FHOG you would have had to claim it as your PPOR to be eligible

    b) you are renting where you are hence not claiming another place as your PPOR and beside, from my understanding, you were RELOCATED because of work hence there is not so much onus place on what is and what is not…[Read more]

  • Monopoly replied to the topic Income tax for renting in the forum Legal & Accounting 19 years, 4 months ago

    Leo,

    In answer to your (repeated) question, see your other thread as well:

    https://www.propertyinvesting.com/forum/topic.asp?TOPIC_ID=16134

    Cheers,

    Jo

  • Monopoly replied to the topic 8 + Room Student Accommodation in the forum Finance 19 years, 4 months ago

    Hi Turbo,

    I know I already contributed my 2c earlier, but in the meantime a friend who invests in “student accommodation” type properties has sent me an email saying that there are both pluses and minuses that need to be considered (as with any IP) along with a couple of links that may be of…[Read more]

  • Monopoly replied to the topic Income from renting in the forum Help Needed! 19 years, 4 months ago

    Originally posted by leo777:
    Hi, I just new in the “real estate” world.
    There are some issues that I want to ask.

    I’ve excess money and I’m thinking to buy a property, and the question that comes up from my brain is:

    1. After I bought the property (for investment), say I want to renovate some area like kitchen and toilet. Can I claim the expense…[Read more]

  • Monopoly replied to the topic Hi Guy’s…. in the forum Forum Frolic 19 years, 4 months ago

    Hey Jaffa,

    Hope to see you back in here soon!!!

    Personally, I will be going o/s end of this month but have decided it might be a good idea to withraw a bit earlier than anticipated; seems as though I am an upsetting some of the newbies
    https://www.propertyinvesting.com/forum/topic/16025/2.html with my psycho babble [blush2]

    You take care Jaffa,…[Read more]

  • Monopoly replied to the topic does the ‘under offer’ sign have to go up? in the forum General Property 19 years, 4 months ago

    Originally posted by Dazzling:
    My father was disappointed a few years back when he successfully bid on a property at auction and after the crowd dissipated and contracts exchanged, the agent didn’t put a sold sticker on the auction board. He said he forgot about it – his loss really I suppose. Dad felt a bit deflated however. Sign stayed up for…[Read more]

  • Monopoly replied to the topic Should I go to the middle of nowhere ? in the forum No Subject 19 years, 4 months ago

    Take a cut lunch and make sure you fill up the tank before you head out!!! [biggrin]

    Seriously, as long as you do your homework, research the area well, check it out thoroughly and then if the numbers stack up and you feel that its worthwhile then go for it.

    Myself personally, I wouldn’t invest anywhere that had little CG potential, regardless…[Read more]

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Monopoly

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