I spoke to an accountant.OZ and NZ have a single tax rule where you only pay tax in one country. Doesn’t matter which country.
Iv’e got a slightly different question. If I make $5k profit on my properties over in NZ this year, is that $5k on top of my taxable income? If so if I spend $5k on renos on those properties my taxable income doesn’t get…[Read more]
So if I told the taxman that my sister loaned me $70 at 5.5% and I used that to put in my offset account would that be illegal? Because I am thinking of getting her to invest in my whole loan. If that is the case would my repayments to the bank be 0? Then my saving would be bank interest minus my sisters interest.
I have just started a IP loan with an offset account. The loan is $113k. $30k in the offset. 7.8% p/a. My sister wants me to invest a large amount of money for her. If I use a portion (say %70k) and put it in my offset account (in NZ). I would give her (say 5.5% compound interest). I would then only have interest calculated against $13k.
I tried to sell privately recently by putting adds in the major syndey papers and http://www.domain.com.au but got no calls[confused2]. It is also very expensive as you can’t go in ‘run to you sell it’.
I did get many calls from real estate agents hanging around like voltures.
If I do it again I will get some signs made professionally and put them around…[Read more]
In the last couple of years some cheap properties in country towns have had incredible capital growth. They generally have higher yields than city areas so I guess the investors there have the best of both worlds.
I am selling up at the moment and have notice the market slow down. I was anticipating it but have left it a bit later than I would have liked.
Speculation of the property crash effects the market far quicker than I thought. Even a segment on TT generates panic nationwide. Most buyers are not experienced and react to what ever is broadcast.
Yack. Consider the accumulated yield of a positive geared IP compared to a Neg geared IP over 10 year for example. I couldn’t be bothered working out figures but what the pos geared IP lacks in CG makes up for it in weekly dividends. I think it is just a more relaxed lifestyle.
If I had a heap of money I would probably use both models and get the…[Read more]
First thing I would do, and have done is read Steve McKnight’s book. Also read another angle with maybe Jan Somers. This way you can choose your investment strategy.
These books should answer many of your questions. Or you can pick through these posts although I think the posts are much more valuable after a little education. That’s what…[Read more]
Here’s another scenario. Could be flawed so let me know.
Mum and dad sell up. Rent just like the son is.
Create a trust(optional). Invest capital into other property(good yields & growth etc). Give the son part ownership in the trust as in %. This way the son can use the security of the trust for buying an IP with FHOG. Once on his feet he may…[Read more]
Thanks to all who are adding input.
It seems as though we all have a similar approach to getting into the market; alot of study and reading or adding to topics. Alot of positive thinking and making educated desicions.
We all seem to have a couple of people in our ears with negative comments. Can’t wait to see them eat their words.
Make sure…[Read more]
If you follow the 11 second solution then interest rates can go up to 10.4% before it becomes – cashflow. That’s a pretty good buffer considering by that time most other people would have suffered – cashflow by that time
I like the ad where the Japanese lady playing golf sinks a put and the crowd stay silent. She walks over and bends over to pick the ball out of the hole and the whole crowd applaud.
It is a mini skirt ad.[}]
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