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  • Profile photo of Monopoly_ManMonopoly_Man
    Member
    @monopoly_man
    Join Date: 2008
    Post Count: 4
    September 22, 2008 - 11:39 am

    Hi There,

    I have just purchased a unit in Ascot at what I believe to be an awesome price. I have just read about the Bowen Hills area and some 30 high rises going in in the next decade. Both residential and comercial. Would this mean and increase in value for people in the area? see article below.
    http://www.brisbanetimes.com.au/articles/2008/03/31/1206850806387.html

    Cheers
    MM

    Profile photo of Monopoly_ManMonopoly_Man
    Member
    @monopoly_man
    Join Date: 2008
    Post Count: 4
    September 22, 2008 - 11:25 am

    So is there a reason I didnt get a reply? Or has nobody been in this position?
    MM

    Profile photo of Monopoly_ManMonopoly_Man
    Member
    @monopoly_man
    Join Date: 2008
    Post Count: 4
    July 20, 2008 - 6:57 am

    I have recently returned from a 3 year stint overseas and I am shortly going to commence my real estate investment plan. I originally had two choices.
    1. Purchase a property and live in it, claim the FHO grant and pay ludicrious mortgage repayments and not be able to save any cash to invest into other assets or further properties and live week to week scrounging for the next paycheck. or;
    2. Purchase an investment property and have tennants pay a good % off the mortgage repayments and I chip in the rest. (the NG evil). Hence, giving me more cash to invest elsewhere, maybe in fully franked shares that I dont have to pay tax on when I receive the dividend! Also, I can rent a nice property to live in that I wouldnt be able to afford if I purchased it.

    I have chosen No. 2. I have decided that it isnt worth my while purchasing my own home and choosing to take the bait from the government incentive FHO grant of $7000. I believe, that in the scheme of things it is no worth the plastic it is printed on.
    I have not intentionally decided that I would buy a NG property for the tax benefits. I intend for all my properties to be positively geared eventually and pay tax. This may sound strange but when I know that I have to pay tax I know that I am making money.

    Potential FHO, it is your choice what you decide to do. I cant believe that you feel so strongly about the evil of NG. What benefits do you get by paying off your own home? $7000 and the threat of interest rates jumping higher.  I also hope you dont have full trust the in government that you wil get all your super when you retire either!

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