BAD MOVE..

As i understand it you would have your old PPOR as an IP… with most of the loan paid off ??
– this means “no” or “little” tax benefits to yourself, as the loan is low.

Your “new” property that you purchase as a PPOR you would then be paying off with a new loan ? and interest would “not” be deductible here either.

My view would be…[Read more]

Something from ‘the west’ re the rates.. i believe they’ll go up also, dont trust that bank manager.

HOME borrowers should brace themselves for an interest rate rise of up to half a percentage point today, economists have warned, after fresh figures yesterday revealed that Australia’s debt-fuelled shopping spree marched on.

Economists said the…[Read more]

A confusing topic and from the posts definetly worth getting the right accountant and right structure put into place.

A trust could be benificial as we’re planning additions to the family and with one partner off work it may be worth it.. it’ll be interesting to see the figures laid out in a ‘for’ and ‘against’ argument with a competent…[Read more]

Perth… Morley ( not in the hills[])

REDWING

“The man that thinks at 5o as he did when he was 20 has wasted 30 years of his life”

“If your stupid – How do you know when your happy”

Fatboy- agree with you on the Super issue, the funds loose money hand over fist lately then charge you fees for the pleasure. i know retirees who’ve had to get back into the workforce part- time.

Look after yourself- no one else will

REDWING

“The man that thinks at 5o as he did when he was…[Read more]

Well done Mini..

as evidenced by your posts a lot of work/time/effort/travel obviously went into your deals.

As always good to see people doing well.

At the moment we’re adding value to our PPOR, having just got married. recently put reticulation throughout front and back yard (D.I.Y) for less than quotes for front yard, along with other work (…[Read more]

Check “all” the attached conditions thouroughly with the property to avoid potential headache!!

REDWING

“The man that thinks at 5o as he did when he was 20 has wasted 30 years of his life”

I also would’ve thought with a lot of investors getting into the market of late and intrest rates going upwards.. they’d be desperate for tenants and be offering incentives and reduced rents to attract a tenant rather than carry the cost themselves.

Property boom-lots of property on the market and i think a lot was investor…[Read more]

i remember buying my first IP- which i regret selling years later, and intrest rates were at 13.5% also remember the bad old 17% days.

David kosch on Sunrise CH7 was talking about how the reserve bank feels comfortable at 5.5% and at the moment they’re below that ( 5%)and the economy is picking up… reminds me of the “cycle chart” for all…[Read more]

R.Kiyosaki
talks about the effective usage of a ‘company’ in his book, i presume as things are slightly different in Australia a trust would be the correct vehicle.

Just started work with a new partner tonight and her sisters a partner in an accounting firm… what are the chances huh

Melbear suggested ‘Trust magic’ book and i’m looking at…[Read more]

My Guess…

steve’s researching it for his next book [}]

Oh and we all get a cut !!

REDWING

“The man that thinks at 5o as he did when he was 20 has wasted 30 years of his life”

Thanks Mel

Visiting that site after here “trust magic’ sounds good.

Also thinking about Steve’s “Wealth Guardian” as a present to myself for XMAS

REDWING

“The man that thinks at 5o as he did when he was 20 has wasted 30 years of his life”

I think Austudy is also dependant on the parents incomes, though a high flier in WA who wound up in jail got it for his daughter at the hight of his fame… so i guess a good, scratch that, “great” accountant is what is required []

As pointed out the local Uni’s or the college should be able to assist !!

been thinking about trusts a lot lately-…[Read more]

it’d have to be one of the “coalition of the willing”…. hmmm ENGLAND ?

can’t believe it’s not USA, i’m cynical where the USA’s concerned after reading MICHAEL MOORES- STUPID WHITE MEN!

REDWING

“The man that thinks at 5o as he did when he was 20 has wasted 30 years of his life”

i haven’t been able to buy anything since June and that was in a smaller town than i would normally go for. It was St Arnaud for 27k rent 100pw (i consider this a good deal).

Congratulations Westan “that is a good deal”

anyway the 3brm homes got passed in at $21k each so my friend bought them all after auction for $19k each. (Yes the Gov’t rea…[Read more]

Hi All,

I read in the financial review about a property over East (Sydney or Melbourne) i think, dropping $300 000. granted this was an up market inner city apartment, bet your glad you didn’t buy it.! Things don’t seem to have gotten as rough in WA at the moment, just slowing down at the moment.

I too remember buying my first property when…[Read more]

Thanks lynnem,

and to C2 for making sure i check my LLI also, would be a nasty gift if you went to claim on the policy and then found that out. And you could’ve been paying the policy for no reason !

Pays to check when the situation changes and be aware of your policies.

REDWING

“The man that thinks at 5o as he did when he was 20 has wasted 30…[Read more]

Luckyphil

spoke with PM and made sure tenant is approached prior to end of tenancy to ascertain if he wants to commit to another 6/12months tenancy.

My PM does this as par for course thats why it was bit of a shock when the other PM said the tenants lease ahd come up and he was happy to go on a periodical lease, i’m unsure as to whether he asked…[Read more]

Don’t wait to buy real estate- buy real estate and wait!!

and i’ve always liked this

The oak waits in the acorn,
The bird nests in the egg,
and in the soul a waking angel stirs,
dreams are the seedlings of realities!

Not a quote- but who cares!!

REDWING

“The man that thinks at 5o as he did when he was 20 has wasted 30 years of his life”

TIME and EFFORT vs RETURN
!!

i’ll have to put that up at the top of my diary and make it my motto []

One thing this forum has made me appreciate is to “DO THE NUMBERS” there are many ways of getting into the property market, and i now look at the numbersof any idea i have i.e ‘worst house in best street scenario’, sit down and work out…[Read more]