Originally posted by MiniMogul:
Am about to get first ever loan in my whole life .

WOW – you’re first loan, that is so so cool. I too owon property 100% but I have had to borrow from the tender age of 18. Good for you.

Jo

Originally posted by Marc1:

Do you beleive that rich people are (expletive) evil?

No Marc,

I do not believe rich people are “evil” but that doesn’t mean that poor people are necessarily “good” or virtuous!! I believe rich people have played “the game” whatever and however they define that game, it’s rules and themselves.

I particularly…[Read more]

Originally posted by peterp:

Quote:
Originally posted by Monopoly:Poor thing! In WA, I’m used to paying either $500 or $1000 deposit (they request $1000 but the last two times, $500 has been fine).

WOW – $500 that would be great!!! I WISH..LOL It would make so much more sense to pay a smaller deposit, and then make it up in the balance on…[Read more]

Oops forgot to add…..

However, the stamp duty is paid at time of settlement (as I assume it would be in NSW as well????)

Jo

In Victoria (I’m not sure about other states) it is exchange of contracts, usually after the 10% deposit is paid by purchaser. (My husband just sold his Qld property yesterday, and the purchaser only has to pay 5% deposit – Man that’s cheap….I am soooo used to paying 10% deposits.

As for the new stamp duty, can’t answer that as a Victorian…[Read more]

Hi Patrick,

I believe the theory behind that is to actually get more rent for your IP than what you are paying to someone else eg. you rent your IP for 250 p/w whilst paying Jo Average say 200 p/w thus you just made 50 p/w. Sounds simple enough doesn’t it? But it’s not that straight forward, people often overlook the finer details.

It is a one…[Read more]

SIS,

As a mother myself, I understand where she is coming from.

And yet, the “nicest” girl can prove to be the biggest @#$%!@ and ripp you off blind. The bottom line is THERE ARE NO GUARANTEES in love, the best you can do is find someone who YOU want to share your life with, and (in the words of Doris Day) C’e Sera, Sera. [inlove]

I had to kiss…[Read more]

Not real sure if it will give you an accurate date, but I would imagine that by contacting the council they will be able to give you some indication of when the change of ownership transpired.

Alternative, there is the Titles Office (which may not be accessible unless you have a vested interest in the property.

One can but try I guess…..

Jo

Hi Kay,

Heck no….I don’t have to hang around a particular “class” of people or change the people I associate with at all. I have loving friends and family, but (at times) I do encounter a bit of “stand-offish-ness: from people who think that because I work part-time and own more than my PPOR (without a mortgage – well for now) that I am full…[Read more]

I’m with you Kay,

We just purchased another property a few days ago, and I am still on a “high”. That will ease up on “settlement” and then I started to get anxious about busting a boiler in anticipation of the next purchase.

Do you think I should see someone???? LOL

Nevertheless, whatever drives you forward, can only be a good thing as long…[Read more]

Hey Mysta,

I have been bitten so often; I’m all outta cheeks !! LOL [tongue][tongue][tongue]

You’re absolutely right, one chip at a time. I’m with you on that!!

Keep smiling [biggrin][biggrin][biggrin]

Jo

Castle Dreamer,

Yes that is correct. Late lodgement result in penalities, for those WHO DO THEIR RETURNS THEMSELVES, but ONLY if you employ the services of a registered tax agent (accountant, whatever) you are granted exemption, hence an extension to 30TH APRIL…..!!!!

So yes, go girl…..party party party…LOL…[Read more]

Hi Sonja,

I agree with MarkyMark; going with your feelings. If you feel that 95K is reasonable then stick to your guns, just remember however, that it may cost you the property. How will this make you feel? If you are okay with running the risk of loosing it, fine….but if you REALLY have your heart set on it, maybe some further negotiations…[Read more]

Hi Mysta

Well progress is s-l-o-w, but steady. I am still behind on where I would like to be, only because I have a hubby who is somewhat “cautious” in his (our) dealings….but that’s cool; better to be safe than sorry…and believe me, I have been sorry before!!!

Look at it this way, you can’t learn without making mistakes; and if you think…[Read more]

Castledreamer,

Why October??? If you had a tax agent/accountant do you tax for you the previous financial year, you have until 30th April (the following year) to lodge your return….hence you have 9 months!!!! Damn, if you were a woman, you could give birth in that time…LOL (no offense if you are male, just kidding around)

Jo

Hi Mysta,

Please excuse my “cheeky” tabacco-chewing cowboy comment; I was trying to get a reaction; [guilty][tongue]in a nice way!! LOL

Anyway, to answer your question, property prices here vary a great deal because they are mostly new homes. However, of the older, established homes, 10 years ago they could have been purchased for approx.…[Read more]

Hey Michelle,

Ever gone out to dinner with friends, and had to deal with one bill for the whole table?

If that was enough to make you see red, imagine the fun it “could” be arguing about property expenses!!!

My advice….steer well away, and keep the friendship.

But if you REALLY MUST then (as others have suggested) seek legal counsel.

Jo

I’m with you Cremin,

Buy several properties and multiply your return.

But (and I keep stressing this) WHERE DO YOU GET A PROPERTY FOR 20,000 – SIBERIA????? I read one post where someone suggested 25,000 per property; are we talking units here. Surely, you can’t be referring to a 3 or 4 bedroom house – and if you are whereabouts….in a dusty…[Read more]

Yes DAAJ

I can see the difference, but unfortunately some people don’t like to through around numbers. It makes them uncomfortable, for whatever reason.

I understand their view, as I do your curiousity.

Maybe you could re-phrase your questions? Not sure how, without causing some doubt about your motive, or in getting a straight answer.

Good…[Read more]

You’re right Kay Henry,

I was unaware of the repetition in DAAJ’s question.

I guess I tend to be a bit naive at times in thinking that most people want to ask out of just sheer curiousity.

I meant no attack on anyone for their reluctance.

Jo