Total Members: 158,541

SeeChange

  • SeeChange replied to the topic Buying property in the forum Help Needed! 18 years, 9 months ago

    Originally posted by gafama:
    It’s my understanding that if you have a property investment entity (coy, trust) then you can claim but if it’s just you then it forms part of the “acquistion” cost of a property (like stamp duty) and goes towards the cost base when (and if) you sell for CGT purposes.

    Check with your accountant – they may have an…[Read more]

  • SeeChange replied to the topic find owners please in the forum No Subject 18 years, 9 months ago

    Some mortgage brokers will have access to RP data so if you’re using one , you should be able to get the info off them.

    Also if you’re good friends with an REA they may be able to help you.

    See Change

  • SeeChange replied to the topic Rockhampton, Qld. in the forum Help Needed! 18 years, 10 months ago

    All the people who I know ( myself included ) who have bought in Rocky ( in 2003 ) are in profit taking mode at the moment. I don’t know anyone who is buying there at the moment. I would be very much suprised if you could get cash flow positive properties.

    There is a long thread on Somersoft re…[Read more]

  • SeeChange replied to the topic Sydney – Next Boom in the forum Help Needed! 18 years, 10 months ago

    Michael has been around and knows what he’s talking about.

    If you want to read up about the property cycle ( though he won’t and can’t tell you when the next cycle will begin ) you might want to read a book by Kieron Trass from…[Read more]

  • SeeChange replied to the topic hybrid discretionary unit trust in the forum Help Needed! 18 years, 10 months ago

    If you want to check out what is on the ATO hit list , havea look here.

    http://www.ato.gov.au/atp/

    Hybrid trust seem to be the way many are going , so some legal people have expressed concerns that they may not offer as much protection as a standard trust.

    Main advantage is they able you to negatively gear. If you don’t need that or anticipate…[Read more]

  • SeeChange replied to the topic The Dangers of Using Equity to Fund Retirement in the forum General Property 18 years, 10 months ago

    Michael

    Following on from where I suggested you can cash up when the market has peaked, my aim is to start buying in at a point where I see absolute bargains.

    Now if I keep buying whenever I can afford to ( as suggested by some ) and maintaining a higher LVR , when the market comes to a point where I want to start buying again , the odds are…[Read more]

  • SeeChange replied to the topic How much you got? in the forum General Property 18 years, 10 months ago

    Originally posted by surreyhughes19905:
    One person’s excess bedrooms is another’s home office, media room, dark room, hobby room, guest accomodation, storage room, parent sanctuary…

    4 bedroom houses will always have a demand even if you have to re-label them as 2 bedroom + home theatre + study… It’s the size and space that attract money,…[Read more]

  • SeeChange replied to the topic The Dangers of Using Equity to Fund Retirement in the forum General Property 18 years, 10 months ago

    Originally posted by Terryw:
    What is the alternative to living off equity?

    It would probably have to be selling a property. If you were to sell a property you will lose all future capital growth of that property and will also have to pay various costs. Surely this is cooking the goose (and not drawing down the capital).

    However, if you were able…[Read more]

  • SeeChange replied to the topic Flyers in letterboxes n grannies with oozies in the forum Help Needed! 18 years, 10 months ago

    Originally posted by redwing:
    would you sell for 85% of market value?

    IMHO in most cases anyone who thinks of selling will then look around for prices in the area, pick up the paper and have a look (community papers are free so it doesn’t even cost anything and shows houses in the area) or at least speak to a REA about what thier houses are…[Read more]

  • SeeChange replied to the topic The Dangers of Using Equity to Fund Retirement in the forum General Property 18 years, 11 months ago

    Michael

    For me the problem with Living of Equity is what happens if the unexpected happen ( well maybe not unexpected by some )

    To draw down equity you are assuming that the way the banking system will allow you access to you equity in terms of increasing the equity you can access . I would hate to be at 70 when there’s a recession, prices gone…[Read more]

  • SeeChange replied to the topic Woodridge in the forum Help Needed! 18 years, 11 months ago

    Interesting way of looking at things DD.

    Else where you’ve been saying that unit prices have been going up because first home buyers can no longer afford houses. ( I agree )

    Now your saying that the increase in unit prices will force house prices to go up. Can’t quite see the logic in that given our first assumption.

    Every where else I’ve…[Read more]

  • SeeChange replied to the topic Woodridge in the forum Help Needed! 18 years, 11 months ago

    Havn’t talked to our PM’s recently , but the only one’s we’ve had problems renting out in the past have been a couple of earlier buys which in retrospect had problems. Since off load at nice capital gain..:)

    All of our other properties have rented easily when vacant.

    See Change

  • SeeChange replied to the topic Woodridge in the forum Help Needed! 18 years, 11 months ago

    Originally posted by Yasmina:
    I have been driving around Woodridge area for couple days now, but because i never crossed my foot this way before, it is so hard to tell what is a good deal and what isn’t. Can anybody tell me something about Woodrigde? Woodrigde v Logan?
    Anything would help.

    Yasmina

    It gets confusing as the council area is logan…[Read more]

  • SeeChange replied to the topic When are you planning to retire? in the forum General Property 18 years, 11 months ago

    47

    Will never retire. Will always be doing something . If I was financially free now I’d spend some years song writing

    My Father has finally retired, at age 78 . My mother is over 80 and is brushing up on her French so she can teach it …

    If I didn’t have three kids at private schools I could probably be financial free now , though four years…[Read more]

  • SeeChange replied to the topic Greenspan Warns Of Housing Bubble Burst in the forum General Property 18 years, 11 months ago

    Originally posted by Dazzling:
    So now that you have been made aware of this fascinating information – what do you intend on doing with it ?? And how specifically does it integrate with the tiny portions of real estate that you actually own ??

    I’d really be interested in your answer as I personally don’t see any connection. How does it affect…[Read more]

  • SeeChange replied to the topic Investing in Thai property in the forum Help Needed! 18 years, 11 months ago

    Originally posted by AnneLeo:
    Sledge,

    I must say what an interesting response. How powerful did you make SeeChange?

    Anne.

    Anne I think Sledge’s name and reaction say it all. If it had been a genuine question they would have reacted differently.

    I think many people thought the same about the post, but didn’t bother responding. Normally I…[Read more]

  • SeeChange replied to the topic Property Market heading downwards? in the forum General Property 18 years, 11 months ago

    Originally posted by dmichie:

    No, the way the Australian Property market works has already changed. The bubble is deflating and we are very unlikely to see much real capital growth (i.e. above inflation) for the next 10 years. So your strategy of buying and holding property may have worked brilliantly for the past 10 years, but its not going to…[Read more]

  • SeeChange replied to the topic Property Market heading downwards? in the forum General Property 18 years, 11 months ago

    Originally posted by dmichie:
    The great economic success stories of the past 60 years (Germany, Japan and now China) were not created by building houses, they were created with exports. You cannot create wealth by buying and selling houses, real wealth is created by selling something to the rest of the world.

    Dmichie

    I can see your view…[Read more]

  • SeeChange replied to the topic I’ve been scammed!!!!!!!!! in the forum Help Needed! 18 years, 11 months ago

    Originally posted by resiwealth:
    I want to issue a warning to people on this site not to be conned and scammed buy one of the best i have met in 15 years.

    Adds are back into the Fin Review and they are going to do it again. We got caught for just under 3 million dollars, yes u read it wright.

    The company is a medical imaging company (body…[Read more]

  • SeeChange replied to the topic Investing in Thai property in the forum No Subject 18 years, 11 months ago

    Originally posted by Sledge:
    Thanks for your help. Are you all so friendly in here or is it just you.

    Sledge

    Yes [biggrin]

    Flattery will get you no where …..[baaa]

    See Change

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SeeChange

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