Hi Richmond, did you hear they are letting 40 employees go at channel 7 in Qld? They had a funny skit on B105 (FM radio station) about it. The Janitor read the news, and Ground Force could only afford one happy plant in the middle of the lawn![]

Thanks Bill, for the “Boss Button”![]

I’ve just asked Noel Whittaker to clarify this. He replied that he will respond in Sunday Week’s Sunday Mail. Should be interesting.
Jim

Aaron, I have been using Mailwasher at work and it’s been working really well. I used to get 30+ spam per day, but now only about 1 to 3 sneak through. You can make it bounce spam, (but they usually have bogus addresses) but the best part is you can set it so that you don’t even see them. It takes a bit of fine tuning with your blacklist and…[Read more]

Just don’t get overcommited Investron! A lot of us are going to have egg on our face if interest rates hike back up to 17% again. That 5 year fixed rate of 6.5% is starting to look a bit tempting, because I don’t have much leeway in my cash flow. It’s getting easier every year though. Lucky I’ve been putting a bit away in the form of principal![]

I’m glad to hear that other people are waiting too.. I havn’t purchased anything all year and I am starting to feel worried that I am being left behind![^]

I’m afraid that today I think the prices are over-inflated, however, tomorrow, I will wish that I bought more today as they were soo cheap![]

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Tomorrow, you might wish…[Read more]

quote:
The only thing is (and I haven’t followed previous threads and thus may be a dumb question), what does the POW formula do?
ie POW((1+r),n)

Thanks for your response EZ. The formula above is just (1+r) to the nth power. Its just how it’s expressed in the database language (Paradox Application Language). It’s just what happens when you…[Read more]

Hi Rebecca
i live at Thornton, contact me if you like?
i have not invested in any, off the plan
developments, i have seen people make
heaps of money and some break even.
Some great develops have happened and some
great ones in the pipe line.
But you would be better talking to someone
that has put money on the table.

i like your thoughts hgwells.…[Read more]

how bout getting your property depreciated? usually that offsets the +ve gain you are getting, however, that would depend on your property itself and how old it is…

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Tomorrow, you might wish you started today.
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Hi Aussierogue,

Congratulations !!

Dunno about an actual name, but bear this in mind.

Can or will her name be shortened ? (Kid’s and even bigger kids later on can be cruel).

Will her initials form an acronym ?

If your surname is lengthy, keep her first name simple. (Gina Lollabrigida)

If your surname is concise, dress up her first name nice…[Read more]

Hi Vluu,

All ya need is a Year 10 Certificate for a wage job. I’m not in prop mgmnt, but had considered it many times as opposed to sales. 4 family members have been/are in the Real Estate game since the ’70s. Guess I have had influence from older brothers. Anyway, contact your REI office as a start. Courses are available to understand the law.…[Read more]

Do any of you buy in different states to effectively combine the land tax thresholds? I’m just under the Qld threshold, and I’m assuming I get a new threshold for say NSW properties, ie the total values in each state are treated independently. Sorry it’s a bit of a digression.
Jim.

Hey, congrats on the job! I would like a new job too, however, I think that I am too comfortable where I am. I think that I could jump jobs and earn like 20k more, however, I think that I would actually have to start doing some work! here, I spend half my time on the net, and if I happen to find a nice IP while I am at it.. )…(I hope none of…[Read more]

thanks for that comment Mcdeyees.. I understand totally what you mean. I have just heard, (don’t know if it is true or not) but units in the Sydney CBD are set to fall.. they are totally overpriced and under-tenanted… and that there should be many mortgagee sales coming in the next year or so.. should be interesting… I would like to be ready…[Read more]

Thanks VH. As I wrote above, I couldn’t find any mention of it in the ATO website. It should be clarified, as it could make a $30,000 difference to your capital gain.
Jim.

Thanks for your comments guys![]

I think that my main concern is that I think that the prices might be going slowing down or even going down soon. However, the more I think about it, the more I think that I shouldn’t sell.. as I will have to pay loads of tax and do not really require the money anyways. The properties are sort of positive, so I…[Read more]

Hi Arty, I once used a smaller lender which was an unpleasant experience. They charged me an extra $900 for loan costs (I had to pay for their solicitor which was never mentioned in initial consultations) plus they had a little $700 sting in the tail if I refinanced within 3 years, plus their statments were an amateruish shambles, their website…[Read more]

Because mencsh has ignored my question I finally asked my accountant about the fittings depreciation. It’s very simple really, our cost base is decreased by $1 for every $1 we claim as a deduction, and increased by $1 for every $1 we spend on new fittings we have replace during the ownership of the property. His wording was a little different, but…[Read more]

Hi Vluu,

Have you tried ‘Buyers Agents’?

These guys work to get the most value for the buyer rather than for the seller as RE Agents do.

Cheers,
Shell.

Hi Prop16, funny how nobody has factored in depreciation in the analysis. I estimate you would be able to claim about $11k to $13k in the first year alone, dropping to about half that in 4 to 5 years. The effect depends on your tax bracket of course.
Jim.