Recent content by Francesco

It is shocking to know that the SS forum is ending! Feels like a void descending! I am grateful to Ian and Jan for their contributions to my RE investments - book and forum. Also, the moderators and the forum community has been such a great resource, which has helped me in my investments...

Thanks for the chart and summary of the economists who made a fool of themselves. Some people do not have much professional pride to go making strong predictions that do not turn out to meet them half-way. They do not know what they ought to know to make the assertions they do. By the way...

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My friend when you are rich you will always have company. Go the length of Philippines, Thailand, Ukraine, etc and you can find willing company all the way. Being poor is a burden to many overseas, sometimes to desperate extent, which is foreign in the Lucky Country. Back in Australia...

Thanks for the information, Tillie. Swedish VAT has exemptions also for food, entertainment admission fees and domestic travel concessions of 6%. I get the impression that the 'poor' pay more tax in Sweden as their nil tax applies only for income less than $4k AUD! Also, the rich and the...

From the available online information, Sweden as a country is competitive in the tax environment. The corporations tax is 22% compared with Australia's 30%. The personal tax rate is higher than in Australia. The individual shoulders a lot of tax to support local government, giving leeway for...

I used to think this too until I read that the highest combination of local and national tax is about 50% (2013), not 80%. The national tax is nil up to a threshold about $80k AUD! Most Swedes would have paid the local tax (28.89%), if there is no nil threshold, and not the national tax. This...

Knowledge is important, but the right attitude and application of the knowledge separates the successful from the wannabees. A nugget of wisdom came from Kerry Packer: "That's why in 1991, across the lounge rooms of Australia, we rose as one and cheered when Kerry Packer served it up to the...

What makes you think that the Coalition govt is favorable to removal of NG? Even though the media is rousing, which Coalition leader is supporting this direction? I agree Labor is happy to be accommodative, especially in opposition.

When the media look at a property that is $0.75m and talk about OOs shouldn't they interview an upgrader? It is such a set up to raise the envy of FHBs. It may be instructive to actually find out the age group of the buyer of a property and not on the basis of investor vs FHBs. I do wish the...

I am not saying all of Sunnybank and Eight Mile Plains are in low lying areas, just that potential flooding is always a consideration when buying around Brisbane. Clearly some parts of these suburbs are susceptible to flooding...

From my banker I know that the flooding around Brisbane in previous years have an impact on availability of borrowing from banks for what is perceived as low lying areas. Demand outside of Sunnybank Hills may arise from being priced out, but some developments in Rochedale are by no means cheap...

IMO think there is a flow of residents in low lying areas around Sunnybank, Eight Mile Plains and surrounds to the higher grounds and newer developments in Rochedale, which explains partly the rise of prices around Runcorn. This is based on discussion with an agent in a land sales office.

So, to summarise, no NG environment eg Germany: higher rent expected, 1991 base, 100 sq m bare apartment, $4500 per month, smaller city than Brisbane compare with my executive Brisbane apartment 2015, 80 sq m (carpeted, secured parking, aircond, stone countertop, Bosch appliances) $1800...

I agree with both conclusions plus the environment will be higher rent as faceless corporation will be chasing target ROI, etc. It must be worthwhile for corporations to operate in this space and governments will be moderated by this consideration.