Recent content by daniellee

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    End of an Era

    I started my investing journey some years back thanks to this forum so it will be greatly missed when it is archived. Regards,
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    So what did you sacrifice?

    Our choices were: 1 - to stop skiing when we started saving up for our first home. Have not been back on the slopes since. 2 - Our international holidays turned to into domestic holidays, which later become roadtrips and finally short half-day outings as our family grew from 1 kid to 3...
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    Why do you Invest in Property?

    Why do you Invest in Property? I dabbled in shared and could not handle the volatility. Bailed with my shirt still on. What made you start? Wanted more options to life than working a day job and hopeing for a next retirement fund at the end of 40 years. Why do you keep going? Really...
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    Depreciation Report -wld you get one?

    Definitely get a schedule. Depreciator is pretty good and I use them for both my IPs. Claim those depreciation because it is lost if you don't and you still have to reduce the cost of your property by the 'depreciated amount' when you do sell. So might as well use the depreciation to help your...
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    Land tax shock!

    I got a quick question and appreciate the feedback. I got a family trust set up in Victoria. Can I use the same trust to invest in other states and enjoy the land tax threshold in each state? I assume that each state only charges land tax based on total land value owned within the state. So...
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    What age are you now?

    36 yrs old with 2 IPs.
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    Apartment Supply in Sydney - (Look at those Cranes)

    Agree with Television. We went with a residential developer with our first apartment purchase some years back and there were numerous problems with the entire development with 2-3 years when things started to break down. Before we purchased, we did get an assessment, however there are problems...
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    How to buy undervalue property

    BMV, like many have said, could also be able how much you paid versus how much others would have paid. Example 1: We bought an IP in early 2009 during the FHOB period and there were offers on similar desirable properties with amounts upwards of $400K. We ended up buying for $375K from a vendor...
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    Why not Preston?

    Even a housing commission unit can be a good purchase if it is in a good location, etc. I looked at Preston some time back and found it a nice suburb, especially the parts near the train station and shops. End up buying in Glen Huntly in the SE suburbs. About two years later I bought in Noble...
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    What percentage of your income is from investments?

    I selected 0 to 5%, thinking what my net rental income would be in the realm of A$100 - 200. Then reaslied that by taking gross rent divided by total income, it came up to around 38%.
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    Living/Working Overseas (In Singapore?) while investing in Australia.

    Hi Starter and Aaron_C, Thanks for the info. Like I said, our approach is to keep investing via the Family Trust so all the rental income, associated accounting and taxation stays within. The important thing is the the loan needs to be under the appropriate entity, which is the...
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    Living/Working Overseas (In Singapore?) while investing in Australia.

    Bump! I found this interesting thread and was wondering if the situation has changes since 2008. My wife (Australian) and I will be relocating to Singapore for a period of time (potentially for a number of years). We have two properties in a Family Trust and will continue to invest in...
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    What do you do?

    Hi, Work in Human Resources as a Learning & Development Analyst. I manage the company's e-learning system. Before that was a cop in Singapore for 5 years. Regards, Daniel
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    Are you happy?

    Hi, Here is my take: 1) Has your level of happiness permanently increased as your income/net worth has? To a degree. When I started in my current job, the payrise was really helpful. Subsequently in the two years since, it has only grown by just over inflation. My level of happiness has...
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    Do your friends/family invest in property?

    When my dad had plenty of money from his business, he bought in Singapore, the UK and Australia. Lost it all. Long story. I was in my teens when it happened, so only heard bits and pieces of the whole story. No one talks about it now. My aunt is a moderate-high income earner in Singapore, and...
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