So I was watching grand designs this evening and the couple had bought a house, never lived in it.... They made the comment that at the expiration of 4 yrs if they didn't move in they lost the right to nominate it as PPOR (and claim CGT exemption on selling) FOREVER....
I have a place in...
I would love to have this cleared up too - I am looking to purchase again shortly and this would make a fairly large difference !!!
Anyone out there with the goods on this ??:)
Not a problem....
I get better economy out of a 3 bedroom place BUT and it is a big BUT there must be 2 bathrooms (preferably 3 but thats rare) and the second bathroom should be convenient to both other rooms.
AC is a must up here, fans are a bonus. Preferably splits to each room and one...
I work for one of those "engineering/construction" companies and am currently mobilised to Darwin. I look after our accommodation for a large FIFO/local workforce and have a lease on about 30 properties in Darwin.... I reckon I am pretty well tuned to whats happening.
Our blue collar 3...
So what I can take from this is that expanding ones IP portfolio is not a good idea right now.
I am already paying down my mortgage by an extra $1500 a fortnight on top of the minimum payments - I just feel that I could be expanding the asset base for exposure to growth. Is this not a good...
I have spare a spare cashflow of $175pw or for making it neat - $350 a fortnight. I would be interested to hear opinions on where this money would be best invested.
I have previously gone with the comfortable agenda of close to CBD house with land content, for capital growth but invariably...
This is how I see it too Wylie. I live/invest in Seven Hills which is next door to Camp Hill. I couldn't afford Coorparoo. Thats where the rich and famous live;)
Its a nice area IMHO. We looked seriously at buying land in Melbourne St and in hindsight am spewing we didn't but its always 20/20...
a mate sent it to me .... its from the Eureka Report. While they are more focussed on equities as an investment vehicle they also dont mind property and write some articles from time to time.
Not trying to espouse any views - just for information only.
Timing is everything: now is the time to review your property
interests. Today I want to deal with the idea of the perfect property
portfolio.
Diversity is about being selective and discerning within the context
of spreading risk. Prudent diversification occurs over time, and aims
to fill...
Interesting point of view YM. How long ago did you "go to Seven Hills"
Did you have a look at all of it? Or did you drive through one street and make your call?
$1m for uninterrupted city views, 4.5km from the CBD is pretty comparable to "suburbs next door" including Norman Park...
I was at an auction yesterday .... buying stuff for my company and I happened upon a pallet full of split system wall units.... just the bit that fits on the wall - not the compressor.
I bought 12 of them for $150.
I plan to keep them and buy a large compressor to run them....
I dont...
Interesting you say that Boomtown ...... 99% of brisbane locals have absolutely no clue that the suburb even exists. I like it that way. Its full of $1mil homes now.:D
My land does not earn an income..... so after tax I am about $3500 a year out of pocket. The CG for last year alone was $15,000. I am comfortable with that as an investment.
IP2 is costing about $34,000 a year to hold. Income is only $17,000. So I have to fund it out of my own pocket. My...