Recent content by Springtime

I guess if a certain property did fall by 10%, then it can't have been triple-A bluechip after all...

Are there any implications from getting a valuation in Victoria? Are they registered publicly in any way? Are there any circumstances where you might not want to get a valuation done, for example can the act of getting a valuation cause issues for taxation?

Suppose I am gifted a property, i.e. bought it for $0 and I choose to own this property as an IP or holiday home. Then when I come to sell it do I have to pay capital gains tax on just the difference between the market value at the time of transfer and the price at the time of sale, or the...

I know it's the UK and not here, but I didn't think this happened ever. :eek: Did this ever happen in Australia before? http://www.ft.com/cms/s/2/cdc24a48-2078-11de-b930-00144feabdc0.html

Hi RE, I think I know where you're coming from. I'm also hopeless with keeping on track with things - I even hate making shopping lists as I find it too constraining. Anyway I've just spent a year or so building a realtime 3D application, really for commercialisation (somewhat different area...

The reason the reserve bank will be lowering rates again by a minimum of 0.5% is to stave off deflation, possibly affecting both house prices and rents.

So whats that? .057 * income?

Oh no! Looks like I'm busted banging your sister.

Well that is confusing then, as it seems you have said two different things. From your original post you say that you had 170K "available of investment" - leading us to believe that the bank had lent you an additional 170K. But now it seems you are saying something different - that the bank has...

Dude, can you please stop saying you only have a loan for 170K? It's hurting my ears. You have a loan for 240K. Really. The 170K figure is just the additional amount of money you have to spend after refinancing.

The loan IS 240K. Then you had to pay back the bank 70K, leaving you 170K in your pocket. You still owe 240K!

I think a lot of confusion arises because we jumble together two completely different asset classes and call it "a property". Those two assests are of course the house and the land. I think land is pretty close to a zero sum game. You can't create it so the supply is relatively fixed. Land...

Yes good point, we need to account for tennant turnover to get and idea of the "true" vacancy. But, to be fair I dont think an average 48/52 weeks vacancy for rentals, accounts for all of the 120,000. 48-52/52 = 4/52 = 7.7%, but that is just for the active rentals which is about a 1/3 of all...

Isn't investing mostly about getting a free ride too - getting the best returns for the least work? That's why I do it anyway. That's why it's called passive income.

I prefer the first and second laws of thermodynamics. Put simply you can't get something for nothing.