PropertyInvesting.com | pwinne | Activity https://www.propertyinvesting.com/members/pwinne/activity/ Activity feed for pwinne. Fri, 17 Apr 2026 17:19:42 +0000 https://buddypress.org/?v=2.8.1 en-US 30 hourly 2 883d90168b3c0db1780f236a731629b9 pwinne replied to the topic Post Divorce Disaster in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4409402-post-divorce-disaster/#post-4691080 Sun, 26 May 2013 10:31:35 +0000 Hi guys,

The orders were designed to protect X's litigious earnings.

The court knew that the passing of property and cash assets would send me bankrupt – and ordered me against doing so. The only debts left are unsecured.

There are 2 parts:

1. I am not to declare bankruptcy and/or commit and act of bankruptcy or present a debtors petition
2. I…[Read more]

]]> 98ca73115cc4e208c70a72abbe9088cb pwinne replied to the topic Post Divorce Disaster in the forum hmmm, that's an interesting https://www.propertyinvesting.com/topic/4409402-post-divorce-disaster/#post-4691075 Wed, 22 May 2013 13:31:51 +0000 hmmm, that's an interesting idea.. thank you :)

]]> 2e23e9d69e04c43285cf54f9e11fd881 pwinne replied to the topic stamp duty paid on a off the plan purchase in the forum Terryw wrote:Just ask ING to https://www.propertyinvesting.com/topic/4403378-stamp-duty-paid-on-a-off-the-plan-purchase/#post-4646079 Tue, 19 Apr 2011 23:27:49 +0000 Terryw wrote:
Just ask ING to return your money. They will chase it up to the OSR or Gadens and return it to you. Ask for a bit extra to cover the lost interest as well.

terry good advice, and have done so.MANY THANKS!

]]> 8a119c78710d022e2e952c41673ec339 pwinne replied to the topic How do you save on Capital Gains Tax? in the forum Creative Investing https://www.propertyinvesting.com/topic/4403375-how-do-you-save-on-capital-gains-tax/#post-4646040 Mon, 18 Apr 2011 10:05:01 +0000  – buy another house and pre-pay the interest for the 1st year. – increase your life insurance/income/trauma etc and pre-pay for the the year – take out a stocks investment loan and pre-pay for the year

]]> 213d2da466732e1382e7dc74c29e4594 pwinne replied to the topic Gladstone in the forum General Property https://www.propertyinvesting.com/topic/4398641-gladstone-2/#post-4616346 Mon, 02 Aug 2010 10:45:45 +0000 try thishttp://www.sahben.com.au/files/gladstone_article.pdf

]]> 8cd282f5e16be77ece87b22c37715c10 pwinne replied to the topic 6 year CGT rule in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4400373-6-year-cgt-rule/#post-4627023 Sun, 27 Jun 2010 23:40:53 +0000 thx gents for your responses.I need to talk to my accountant.cheers

]]> d5d4073feeee8acd1e926e2ae2318857 pwinne replied to the topic 6 year CGT rule in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4400373-6-year-cgt-rule/#post-4627020 Sun, 27 Jun 2010 13:00:28 +0000 Terry,So If I acquired a new property in November 2007, I assumed that the old place ceased to be my main residence.I also assume that the CGT is based on the value igrowth between November 2007 and Ausgust 2010…

]]> a8919e2d47f9349a165f3735c8f27d54 pwinne replied to the topic 6 year CGT rule in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4400373-6-year-cgt-rule/#post-4627019 Sun, 27 Jun 2010 12:12:54 +0000 hmmm, thx Terry.I have a dilemma, time to hit up my accountant. thx for all the responses.cheers

]]> 4a1bab4d7418c5655fc61dfa785c9a37 pwinne replied to the topic 6 year CGT rule in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4400373-6-year-cgt-rule/#post-4627017 Sun, 27 Jun 2010 07:39:04 +0000 i should add my wife hasnt done a tax return in 8 years… no PAYG income..

]]> 22b0de5e93a49b300a78e527a60ac6d2 pwinne replied to the topic 6 year CGT rule in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4400373-6-year-cgt-rule/#post-4627016 Sun, 27 Jun 2010 07:37:52 +0000 I'm confused… sorry :)As far as the tax department is concerned my old home can be declared as PPOR, until I sell it, which I'm doing (correct me if I am wrong)I'd planned to declare the capital gain from November 2007 – August 2010, which may be 100k (or 50k if the 50% CGT discount is applied); and stating that my Just out of interest does the…[Read more]

]]> c47a21293e2e06682d80b0f1ddd670b0 pwinne replied to the topic 6 year CGT rule in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4400373-6-year-cgt-rule/#post-4627015 Sun, 27 Jun 2010 06:41:11 +0000 crj wrote:

pwinne wrote:
It was sold in early 2008. We didnt, or havent claimed any exemption.I was hoping that MY old PPOR was considered as such until I moved to the house we are in now, in November 2007.Valuation may be an issue…? I dont think I have one for that specific date frame.Cheers

Unless your wife has shown a capital gain on her…[Read more]

]]> 0a6472f8cfb872836978d013219f6e27 pwinne replied to the topic 6 year CGT rule in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4400373-6-year-cgt-rule/#post-4627013 Sun, 27 Jun 2010 01:02:50 +0000 crj wrote:
What has happened with your wife's house you moved into?  If this has been sold and your wife has claimed the PPOR exemption, then your POR exemption will only be until you moved in.  If it has not been sold then you and your wife need to look at whether half the PPOR exemption should go to both houses or the whole to one house.The s…[Read more]

]]> 7134d68dc372330079cd901f1a6d2bff pwinne replied to the topic October 09 Property Crash Begins in the forum General Property https://www.propertyinvesting.com/topic/4397378-october-09-property-crash-begins/page/5/#post-4609682 Thu, 15 Apr 2010 02:07:25 +0000 waiting for the crash so you can buy huh?good luck – IF, and I mean IF a crash comes I suspect those waiting for the big 50% saving will miss out because the crash will most likley be caused byhigher IRs > 10%banks will need a high deposithigh unemployment good luck getting a loan. be careful what you wish for

]]> 84ca23b1f113bd6dba8897d0eea7da71 pwinne replied to the topic FREE Residex Report Australia wide in the forum Hi Richard, I don't know if https://www.propertyinvesting.com/topic/4396942-free-residex-report-australia-wide/page/4/#post-4607673 Thu, 15 Apr 2010 02:00:44 +0000 Hi Richard,I don't know if your offer is still open for reports, if it is, could you please send one to pwinne@optusnet.com.au for 835 Humffray St, Ballarat (Mount Pleasant) It was last sold as 1 LOT but has been subdivided (plan of sub-division)cheers

]]> 15211b27da95e1abbceb81060cea7c6b pwinne replied to the topic Tarneit - Melbourne in the forum General Property https://www.propertyinvesting.com/topic/4399346-tarneit-melbourne/#post-4620859 Mon, 12 Apr 2010 13:34:56 +0000 I've bought a few IPs in ballarat ALL +pve geared.I buy under 200k and love it. Not the same appreciation as melbourne, but ho hum they are paying themselves off.actually in ballarat tonight hoping to make an offer on another IP here tomorrow!cheers

]]> 89a9f7b65bd8c94b7b64ca1b2acd4a2d pwinne replied to the topic land loan in the forum Hi Matt, Thank you, that has https://www.propertyinvesting.com/topic/4399325-land-loan/#post-4620727 Mon, 29 Mar 2010 11:17:21 +0000 Hi Matt,Thank you, that has answered my question.Cheers

]]> d5283b0b60c4d29adb6e9713d359d569 pwinne replied to the topic projected growth towns and suburbs in the forum General Property https://www.propertyinvesting.com/topic/4399222-projected-growth-towns-and-suburbs/#post-4620016 Fri, 26 Mar 2010 13:55:43 +0000 try mortlake, victoriahttp://www.realestate.com.au/property-house-vic-mortlake-106262297?tm=1269611649&c=36470653&t=res

]]> 55c31805cdc21354f47865ce87eba602 pwinne replied to the topic Investing in Frankston in the forum General Property https://www.propertyinvesting.com/topic/4397078-investing-in-frankston-2/#post-4608379 Thu, 27 Aug 2009 13:10:28 +0000 sophieh wrote:
People bought in Frankston North for 60-80 2 years ago?? That's a pretty big exageration isn't it or perhaps you are missing the 1 in front. A friend of mine bought in Frankston North about 6 yrs ago for 100k (burnt out inside) spent about 50k fixing up and could possibly sell for about 250-270ish now.. that admittedly is pretty…[Read more]

]]> 9ccb31235d0c3ca7e083c2b37ae33506 pwinne replied to the topic Investing in Frankston in the forum General Property https://www.propertyinvesting.com/topic/4397078-investing-in-frankston-2/#post-4608373 Thu, 27 Aug 2009 00:50:56 +0000 Frankston North hey, and people were laughed at when they bought there for 60-80k 2 years ago.They are going for 250K+ now. Its not the area you should worry about its the % return.I have many houses between Chelsea and Frankston (not in Frankston admittedly) as I went out to Dandenong last year when prices dropped.Frankston is a large diverse…[Read more]

]]> 96b03907b8f9e95c4f1871970d842ec4 pwinne replied to the topic Will prices drop after September ? in the forum ajadee73, you are of course https://www.propertyinvesting.com/topic/4396949-will-prices-drop-after-september/page/2/#post-4607752 Mon, 17 Aug 2009 05:30:45 +0000 ajadee73,you are of course free to have your opinion; say what you like, however I disagree with your property prognosis. There is nothing wrong with  5-10% swing in median house prices over a given period. Property investing has proven itself to be an excellent long term growth vehicle.Speculators both make and lose money when shifting property…[Read more]

]]> ce76112c13e20027bb73ccf7a113acd3 pwinne replied to the topic WHAT'S AROUND?? in the forum Hi Blacklab, are you looking https://www.propertyinvesting.com/topic/4396965-whats-around/#post-4607838 Thu, 13 Aug 2009 12:47:40 +0000 Hi Blacklab, are you looking in Bendigo or Ballarat?

]]> a082f0f57a4b939e31d07aa0962ecdd9 pwinne replied to the topic Will prices drop after September ? in the forum General Property https://www.propertyinvesting.com/topic/4396949-will-prices-drop-after-september/#post-4607733 Wed, 12 Aug 2009 02:07:17 +0000 only in some areas, quality property will remain quality property. I not interested in mortgage belt defaults.

]]> 641cb1ddb24381dcc7e3e1674674ca4a pwinne replied to the topic Stopping PAYG? in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4396915-stopping-payg/#post-4607482 Sat, 08 Aug 2009 15:10:43 +0000 I should add that duckster is however correct – ANY misleading information provided to ATO, variation or not, leaves you open to prosecution; especially if you knowlingly do it.variations are an excellent way to reduce you PAYG tax legit.See an accountant on how to do it; I am not one :)Cheers

]]> 7fff659708369da50309008fb6743fc9 pwinne replied to the topic Stopping PAYG? in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4396915-stopping-payg/#post-4607481 Sat, 08 Aug 2009 15:07:03 +0000 little bit melodramatic ducksterI've been running a variation for years. I do a quarterly check on myself. If I've overquoted I contact the ATO and they give you Bpay account to 'top up' your tax; should you need to. I've only has this issue with extra large bonuses from work and some excellent wins on the ASX.I've found the ATO to be genuinly…[Read more]

]]> c8d9a3a942a201980c04079ecf121bbb pwinne replied to the topic building loan in the forum Finance https://www.propertyinvesting.com/topic/4396894-building-loan/#post-4607200 Thu, 06 Aug 2009 21:50:46 +0000 Yeah I've taken 2 new loans in the last 6 months and did notice they fluffed around a bit more with the detail than usual.I'd just assumed the banks had become more dubious about who they lent to; which would make sense.I shall just have to wait and see I guess.Cheers

]]> 2aec3e7b9186d84ecc95950edc08f493 pwinne replied to the topic building loan in the forum Finance https://www.propertyinvesting.com/topic/4396894-building-loan/#post-4607198 Thu, 06 Aug 2009 12:01:50 +0000 Thanks Richard,Have the rules changed as a result of the GFC?My broker seemed confident that there would be no issues… I called him today and asked. I'm not disbelieving you, I'm just worried that my broker may have not funded a sub division recently and as a result is not aware of any changes.Cheers

]]> 4228267ed3927b2363bad891313c4834 pwinne replied to the topic building loan in the forum Finance https://www.propertyinvesting.com/topic/4396894-building-loan/#post-4607196 Thu, 06 Aug 2009 09:23:12 +0000 Can I ask gents, how does one go about funding a subdivision if the banks are not allowing people to fund the construction via normal lending channelsCheers

]]> 91f99116a6c6656bdd73475d97ad3ba6 pwinne replied to the topic building loan in the forum Finance https://www.propertyinvesting.com/topic/4396894-building-loan/#post-4607193 Thu, 06 Aug 2009 06:00:09 +0000 Hi Richard,No worries; You have raised my alert level, as this is my first attempt at subdivide and build. There will be hurdles and this is just another one; I have other options if required, but not my preference.Either way, I appreciate you comments.CheersPaul

]]> 218ea9200002143cc327780660409029 pwinne replied to the topic building loan in the forum Finance https://www.propertyinvesting.com/topic/4396894-building-loan/#post-4607191 Thu, 06 Aug 2009 04:54:37 +0000 Hi Richard,I spoke to my broker that was aware of my plans last year when I purchased this particular property; he was quite sure that the banks are OK with subdivided dual occupancies. It would seem that it all depends on the amount of units that you plan to build.I imagine that a 3 unit development would be OK (one unit already existing)…And…[Read more]

]]> c93e6880e4c03a5385baa0678a431e25 pwinne replied to the topic building loan in the forum Finance https://www.propertyinvesting.com/topic/4396894-building-loan/#post-4607189 Wed, 05 Aug 2009 22:08:55 +0000 Hi Richard,Thanks fo your help, I will need to do some investigating. I will post back here when/if things are sorted :)Cheers

]]> a101586d72a0ac6adc1e683434a0db29 pwinne replied to the topic building loan in the forum Finance https://www.propertyinvesting.com/topic/4396894-building-loan/#post-4607187 Wed, 05 Aug 2009 13:56:46 +0000 Hi Richard,My current loan for the 1st property is with ING. How are they on multi dwellings?cheersPaul

]]> 2f0aaf7238031f0f1c6618e86b1c39c2 pwinne replied to the topic FREE Residex Property Reports for VICTORIAN, TASMANIAN, and SOUTH AUSTRALIAN properties - Investment or Owner Occupied in the forum Value Adding https://www.propertyinvesting.com/topic/4396010-free-residex-property-reports-for-victorian-tasmanian-and-south-australian-properties-investment-or-owner-occupied/page/6/#post-4602602 Wed, 05 Aug 2009 13:01:37 +0000 Mike,THANK YOU..That report filled some gaps in my research as that area was proving difficult to obtain reliable data.Appreciate the prompt response regardsPaul

]]> 6ebdfefaf04d48342e24ae1667b65e0b pwinne replied to the topic building loan in the forum Finance https://www.propertyinvesting.com/topic/4396894-building-loan/#post-4607185 Wed, 05 Aug 2009 12:40:36 +0000 I should add that the loan on the 1st property is 350k.cheersPaul

]]> 5804aeccec80958a0888eb1741323a70 pwinne replied to the topic Mt Druitt Sydney Positive CF in the forum General Property https://www.propertyinvesting.com/topic/4396765-mt-druitt-sydney-positive-cf/#post-4606663 Wed, 05 Aug 2009 12:14:50 +0000 wealth4life,great pickup, just been looking at apartments in in 150-200k and the yeilds are impressive.I'm was on the hunt for a development block in regional VIC (specifically a regional town south of Bendigo), but I've never looked at NSW metro before; time to look I think!Cheers

]]> 30990c60a481965157c4375d6d37dc0b pwinne replied to the topic Fix Rate or Variable Rate? in the forum Finance https://www.propertyinvesting.com/topic/4396018-fix-rate-or-variable-rate-2/#post-4602860 Wed, 22 Apr 2009 03:45:37 +0000 Edvico_kvn wrote:
While there are certainly benefits in fixing your home loan rate (e.g certainty in your interest expense and potentially paying less interest than you would under a variable rate), one must not forget that you lose flexibility in your property investment/ownership decisions (Or at least it is going to be very expensive).What I…[Read more]

]]> 0541e64161351e4519ebcf8eb6f7293d pwinne replied to the topic Credit file issue in the forum Finance https://www.propertyinvesting.com/topic/4395900-credit-file-issue/#post-4601992 Fri, 17 Apr 2009 11:46:42 +0000 Hi Richard,You may well be right. However 3 years at 4.99 is far better than the rate ANZ was offering. So the move is not a sad one; and in this climate the more $ in your hand the better, especially if more good property deals surface post June.I'd liked dealing with ANZ, but I guess my time with them has ended for the moment. They knocked me…[Read more]

]]> b2704476c499ad70f74e01a7e116f0ec pwinne replied to the topic Credit file issue in the forum Finance https://www.propertyinvesting.com/topic/4395900-credit-file-issue/#post-4601990 Fri, 17 Apr 2009 04:25:49 +0000 No worries Richard,I'm not a broker, so my view is only that of the consumer ;) I have no issue with being corrected.My recent experience i.e. this week was that ANZ was ballbusting and WESTPAC welcomed me with open arms. Mind you I have been with ANZ for 10 years and this is 3 loans of 1 mil in total. ANZ would not let my existing loans go IO and I…[Read more]

]]> 3e1745cb064b6593e47e8e8969a2840c pwinne replied to the topic Tax Variation Penalty? in the forum Finance https://www.propertyinvesting.com/topic/4395172-tax-variation-penalty/#post-4597904 Wed, 28 Jan 2009 03:38:02 +0000 pwinne wrote:
PropertySeeker,I've been running a variation for 6 years. Twice I had windfalls on the ASX and housing market which blew my estimates considerably.I rang the ATO they gave me a BPAY number and I topped my account up on the 29th June. If you are honest and contact them if you are not sure you will have NIL issues. If unsure top your…[Read more]

]]> c65833c1ea2122f4ec24a45bd5b9675b pwinne replied to the topic Tax Variation Penalty? in the forum Finance https://www.propertyinvesting.com/topic/4395172-tax-variation-penalty/#post-4597903 Wed, 28 Jan 2009 03:36:36 +0000 PropertySeeker,I've been running a variation for 6 years. Twice I had windfalls on the ASX and housing market which blew my estimates considerably.I rang the ATO they gave me a BPAY number and I topped my account up on the 29th June. If you are honest and contact them if you are not sure you will have NIL issues. If unsure top your account and you…[Read more]

]]> 77641df6856572a0abbb44167c60d38a pwinne replied to the topic 18 months more pain before the gain. in the forum General Property https://www.propertyinvesting.com/topic/4394213-18-months-more-pain-before-the-gain/page/2/#post-4592811 Thu, 02 Oct 2008 12:38:45 +0000 ummester wrote:
The change process will hurt as it occurs but the outcome will be an improvement.Think of a bushfire. Dangerous while its burning but makes way for new flora and fauna to flourish. The new life makes the decrepid memory of the burnt past seem like it deserved it.

perhaps. I do agree that propping up the credit binged weste…[Read more]

]]> 91e109ed04d6d680491549846bff83e0 pwinne replied to the topic Premium Finance. Anybody know about these guys? in the forum Finance https://www.propertyinvesting.com/topic/4392643-premium-finance-anybody-know-about-these-guys/#post-4584251 Thu, 02 Oct 2008 12:34:02 +0000 nilson4 wrote:

Qlds007 wrote:
I am with Alistair they maybe wonderful but anyone who charges upfront for a residential  mortgage brokering service linked to debt reduction is taking advantage of you.I tell you what for half that amount I would do it through in a Financial Plan and provide you with a free email monitoring service for the first…[Read more]

]]> 1835cd88df7371783ec459a197608e19 pwinne replied to the topic 18 months more pain before the gain. in the forum General Property https://www.propertyinvesting.com/topic/4394213-18-months-more-pain-before-the-gain/page/2/#post-4592809 Thu, 02 Oct 2008 12:11:20 +0000 ummester wrote:
The best defense against a financial depression is gainful employment.

THAT I agree with. But I dont think we can easily go back to that without an enormous change. I don't think that change will be nice. 

]]> 836c323948819059bd4049d242d860f6 pwinne replied to the topic 18 months more pain before the gain. in the forum General Property https://www.propertyinvesting.com/topic/4394213-18-months-more-pain-before-the-gain/page/2/#post-4592807 Thu, 02 Oct 2008 11:44:47 +0000 ummester wrote:
As for ANZ… what does that word 'May' mean to you? Besides, I am 75% certain that NAB and ANZ won't survive the brewing depression. Safe loans are going to be with Commonwealth or Westpac and, no, i don't work for either. Don't even like them, let alone have a vested interest. It's just that they have more local investments…[Read more]

]]> 0610e6fe1c5f8229ce4bb3791542076b pwinne replied to the topic MOE, Victoria in the forum General Property https://www.propertyinvesting.com/topic/4394218-moe-victoria/#post-4592841 Sat, 20 Sep 2008 04:42:39 +0000 Hi aussie, email some pics and the rental details.Cheers

]]> 5396ba0ae963d1ff073e826aa8ada883 pwinne replied to the topic MOE, Victoria in the forum General Property https://www.propertyinvesting.com/topic/4394218-moe-victoria/#post-4592839 Sun, 14 Sep 2008 11:49:52 +0000 Hi units4me,I have my eye on 2 in Moe, and 1 in Dimboola.Any thoughts on Dimboola, seems to have lots of high yeildsCheers

]]> 316b6a6c7d8cea291c010ce714b2d400 pwinne replied to the topic MOE, Victoria in the forum General Property https://www.propertyinvesting.com/topic/4394218-moe-victoria/#post-4592837 Sat, 13 Sep 2008 14:34:00 +0000 I like ITgot one for Dimboola or Ouyen?

]]> 6196fed00a807706d915784e31ddbc68 pwinne replied to the topic Loan with no income in the forum Finance https://www.propertyinvesting.com/topic/4394217-loan-with-no-income/#post-4592831 Fri, 12 Sep 2008 07:35:37 +0000 Hi Richard,I'm sure youve stated this before, but whats the cost in setting up a discrentionary trust?Cheers

]]> 917dcf71a1a0bd2e42850929d996c4f5 pwinne replied to the topic Loan with no income in the forum Finance https://www.propertyinvesting.com/topic/4394217-loan-with-no-income/#post-4592829 Fri, 12 Sep 2008 06:32:07 +0000 thanks for your response gibbo1.I was looking buying a couple of cash flow + IPs for my wife, I'd give her the deposit etc. I just don't want to be on the title.Maybe I should look at a trust.

]]> 3e8d5073e87ceb81df07bec33c27d1ec pwinne replied to the topic Superannuation and property in the forum Finance https://www.propertyinvesting.com/topic/4392065-superannuation-and-property/#post-4581426 Wed, 23 Jan 2008 23:33:16 +0000 thanks Richard,Cheers

]]> 8acd9b3ebe384bb25b8e77ef60ae6e76 pwinne replied to the topic Paying down LOC in the forum Finance https://www.propertyinvesting.com/topic/4391056-paying-down-loc/#post-4575499 Sat, 03 Nov 2007 11:32:33 +0000 Bluegum wrote:
I have a 40k LOC that funds the shortfall on my negative geared IP's that is just about maxed out and i've arranged a top up of a further 40k. Even though the interest is tax deductable the LOC is still a debt. Would it be wise to start paying down the initial 40k?God has stopped making land but hasn't stopped making…[Read more]

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