Awwwwwwww Gatsby!!!!![]
That’s sooooo sweet!!!! [kiss]

Originally posted by lifeX:
Watch Godfather movies on tips to squeeze reasonable remunerations from low-lifes.

LifeX,
I like it…..influential type movies hey????[idea] [bomb] [devilish] [fear] [winking]

Hi House Hunter,

Thanks for the vote….do I get prize???!!!![laugh4]
I did have a giggle; mind you not over my story; even to this day (23 years later) I still can’t find it in me to laugh about it!!!!

But hey…..one learns through ones mistakes; and boy….DID I LEARN!!!!! [glum2] [book]

Cheers,

Jo

Oh suzieq [bawl] what can I say????
You poor dear; I know EXACTLY how you feel!!!![blush2]

I had the tenants from hell once too. They trashed my home to the tune of $11,000 and the insurance company thought itself generous offering me a measley 2,000 but it didn’t stop there, the next night, the tenants came back for a last go, and finally…[Read more]

Rob,

Please excuse my ignorance on this matter, which of course, makes me unqualified to answer your question in any event….however……

The issue of trying to comprehend both the ethical AND the legal stand in undertaking such a project (i.e. wraps) could lend itself to some heavy debate I should imagine. As people’s views are different so…[Read more]

Hi Leesa, and you too Lizzy (hey…lots o’ L’s happenin’ here!!!!!)

The type of information you are both looking for can be found, but unfortunately it is not going to be easy to find it ALL in the one place. For job prospects you may need to look at the local papers to see what’s on offer, population movements and what socioeconomic background…[Read more]

Originally posted by Terryw:
Did you know you get get the best of both worlds? ie rent out your PPOR, claim deductions and rent somewhere else(which would be cheaper) and still claim the PPOR CGT exemption for up to 6 years.

Absolutely!!!! That is a fantastic idea Terry, and I guess it’s really important (for any newbie reading this post) to…[Read more]

shocked2] Wow, you guys (and girls) have put alot of thought into your futures, and that is great to see!!!

Remember, although I asked about your 5 year plan, it is was not meant to be taken literally as FIVE years only, and as many have said, most of their plans extend beyond this time frame, as it more than likely may need to (depending on…[Read more]

Gatsby!!!shocked2]shocked2]shocked2]

Guess you’re just lucky we all like you so much otherwise telling “porkies” like that may have seen you fall from our (the ladies) favour!!!!!!! Just kidding, nothing wrong with a bit of fun!!!![laugh4][laugh4][laugh4]

Cheers,

Jo

Hi Greg,

Have you tried http://www.realestate.com.au or http://www.property.com.au both these sites may provide some help, as they are great real estate search engines for both those looking to buy or rent.

Cheers,

Jo

Hi avranjes,

Aside from the possible “cancer risks” which I am not arguing as fact or fiction, surely to goodness these huge structures can’t actually be APPEALLING to you????…….I mean, come on, it’s not like you’re overlooking a lovely bay view now is it???? But if you really do like them, hey, what the heck, it’s you who has to look out of…[Read more]

Hi Helena,

Just a quick question, does you last child, the one turning 16 still go to school; if so, he/she may be entitled to Youth Allowance or some kind of study allowance (I only remember it as Austudy many years ago) provided he/she is still a full time student living under your care.

Take a look at Centrelink’s website, there might be…[Read more]

Hi Scott,

No problem.

Would LOVE to see your calculator when you’re done!!! Sounds like it will be very comprehensive [book] thus IMO “awesome”!!!!!

Sadly, your calculator will be too late to help me!!!! I “had” a (not so little) CGT issue which I paid for just recently, and hopefully all deductions that could have been applied were, but who…[Read more]

Hello again Nguyen,

Firstly, the suburb snapshot should only be a guide, and not something that one should STRICTLY take as an accurate or complete picture of the suburb they are looking at.

When you select the suburb, it will give you an indication of the kind of growth (median house prices), capital growth over (I think from memory) the last…[Read more]

Ah yes, BANKS…..[laugh4]

I used to think once that banks ALWAYS got it RIGHT!!! What rubbish!!!!
Thinking they were infalable, and because my (now ex-husband) was the State Manager for one such large corporation, I felt that they knew their stuff…..how wrong I was!!!!
The one and only time I ever got a (bridging) loan from a bank, ofcourse…[Read more]

Hi ngyugen,

All that wilandel has mentioned plus anything else that you can think of to ask about the property.

Check out the local paper in the area of the property; look at how much rents are, or try http://www.realestate.com.au and click on RENT section and see what properties are renting for in the area.

Ask the RE about its history, has it ever…[Read more]

Hi depreciator,

Don’t know if this will help; but I came across it some time ago when I had to try and work out what kind of $$$ I would be up for in CGT, and if was helpful to me. It does NOT offer the complete picture, but is a good starting point. Give it a go; and see what you think, plus it will tell you which calculation is best…[Read more]

Hi Scremin,

I have nothing against Pisces, he has been really nice to me, nor do I have anything against Rob (he may not believe this, but it’s true).

I am more than happy to go about my business without ANY conflict…..seriously, I just want to enjoy the forum; sharing as well as learning from all the other property investing posters…[Read more]

Hi Nicole,

Welcome!!!!

I too, am in Melbourne.

You say you have a negatively geared property already and are managing the shortfall comfortably. Are you managing the property yourself, that is, if it is a rental property; who is collecting the money? What about all the people involved when you purchased, are they no longer in the picture…[Read more]

As I said, ‘IF” you decide to sell you MAY consider doing so BEFORE the 2 year anniversary of your/your sister’s ownership, as in that time you will be CGT EXEMPT, if you hold onto it, you will subject to pay CGT if and when you do sell it. Besides, if you sell it before the 2 years, you can use that money to pay off your PPOR which is as The…[Read more]