Recent content by Twitch

  1. Twitch

    Michael Matusik's view on property cycle

    I agree, maybe even 10-12 yrs?
  2. Twitch

    The Voice

    The Voice is the first new reality show I've liked for ages, I love it!
  3. Twitch

    What areas in Melbourne are good value at the moment?

    Older units in inner Melbourne near public transport, eg Hawthorn, Richmond. Traffic in last few years has gone from bad to horrendous, this just makes inner city and PT even more sought after.
  4. Twitch

    Bees - how to get rid of?

    I had bees take up residence at my home twice. Both times removed by beekeepers. First time free, second time paid. Oh well, that's small bickies for a bee-free backyard :)
  5. Twitch

    Using Parents Equity - Will It Affect Their Veterens Pension?

    Mixing money and family is a recipe for problems. I don't see a desperate need here. Why not save and start your journey on your own two feet?
  6. Twitch

    Sydney around 500K with 1000sqm land and potential subdivision

    An old house on big subdividable block (OHOBSB) sounds great, but be careful because it can have a very nasty sting in the tail. The rent on these places is often very low, the maintenance can be high, and the depreciation non-existant. As a result they can be a really terrible CF drain, just...
  7. Twitch

    Tenants have Installed Dish Antenna Without Permission

    Don't sweat that sort of stuff
  8. Twitch

    Index Funds - Geared

    Why wouldn't you buy STW rather than the vanguard index fund, STW has an MER of (I believe) 0.3% rather than 0.7% of vanguard.
  9. Twitch

    Would you rewire?

    By far the best option is to get a sparky to install a safety switch rather than rewire. They will tell you if the wiring is so bad they can't even fit a safety switch. Rewiring will be $5k to $10k and adds nothing to the value of the house.
  10. Twitch

    Young People and Professional Advisers??

    Reading between the lines perhaps you (the opening poster) are being overly concerned about these peoples opinion of you. I'm not saying this to be unkind as I think in my early 20's I was probably similar. These kinds of events; a MB doesn't get back to you, a BA is disinterested, a FA makes...
  11. Twitch

    Tenants ringbarked trees

    All your tree are belong to us. It's the law.
  12. Twitch

    What would you do?

    I wouldn't build. Too much worry and risk for a newbie IMHO.
  13. Twitch

    Who declares the income for this IP?

    On the question on how the ATO knows these things, well they have many hooks into other government (and some non-government eg banks) computer systems that they use to cross match against a persons tax return. Just one example is that they cross match with SRO records to check who owns a...
  14. Twitch

    Who declares the income for this IP?

    I agree with Buzz, it's not person C's income, it's 100% person A's. It doesn't matter what account it goes into, what matters is whose asset it was that generated the income. Think about it, otherwise I could instruct my employer to put half my income in my account and half in my wifes...
  15. Twitch

    Who declares the income for this IP?

    Person A is 100% owner and therefore the only person entitled to deductions. Effectively these deductions can only be claimed by person A if 100% of the rent is declared. Whose account the rent goes in is irrelevant. Person B & C have NO legal entitlement to the house and therefore the...
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