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  1. M

    Expect Pain on Tuesday

    sigh........... This will be worst budget year for me in my working history... being single, 30, on 120K and 2 investment properties.... absolutely no benefits for someone like me.....
  2. M

    Renting out rooms and tax implications?

    thank you..but.... Thanks alot for your quick response! @Pat: it sorts of made sense, do you mean I will be up for Total CG x (1- 2/3 x 1/12 (half year))? in CG Tax?...but hey, it's my PPOR! so it shouldnt!...anyway...:rolleyes: @Coasty: I think my situation is more like: I want to treat...
  3. M

    Renting out rooms and tax implications?

    Hi, Also posted this in the General Forum, but didn't get any response, so trying my luck here, thank you very much! What's the tax implication (CG not income tax) for renting out all rooms other the one I am occupying in a PPOR? Let's say, in a 3 bedroom house, if I rent out 2 rooms for 6...
  4. M

    My first ballot experience - Canberra

    Actually, after looking at the official website for that estate, it seems this is not the first release....i am actually wondering what happened to the 60 or so lots released first? Have they built houses on them or has anyone resold any?? I am just wondering what kind of CG it had for the...
  5. M

    Renting out rooms and tax implication

    What's the tax implication (CG not income tax) for renting out all rooms other the one I am occupying in a PPOR? Let's say, in a 3 bedroom house, if I rent out 2 rooms for 6 months period, then renting the whole house out while not claiming any other property as PPOR, then say 5.5 years later...
  6. M

    Unit close to city or House out west?

    Hi, some advice needed: A friend of mine hunting for her first property facing a dilemma: She’s a working professional making good wages and increasing. But at present, can only take out a loan of around 400K max for PPOR purpose. She has been thinking getting a 1 bedder on the lower...
  7. M

    new us funds of interest

    That's why I say, let's buy those $1000 houses!!
  8. M

    Mortgage Meltdown ABC 4 Corners Monday night

    Actually, I wonder if I should buy those 1000 bucks houses... Sound cheap, doesn't it?
  9. M

    Mortgage Meltdown ABC 4 Corners Monday night

    So, what do you think the last words in this show? quote: PROFESSOR ROBERT SHILLER, ECONOMICS, YALE UNIVERSITY (referring to graph): The blue line here shows real home prices in the Herengracht region of Amsterdam since 1629; from 1629 to 1973, and you can see that there have been periods for...
  10. M

    Willoughby, NSW

    This situation is more for houses than units/townhouses...sure the prices of all properties all the way up to Gordon(if I may say) gone up heaps, the house prices really took off. One thing you are right asdf is that almost ALL of the buyers are YOUNG people (mostly young families), many of...
  11. M

    Frustrated and Confused Build/Pest Inspection

    I don't personally like houses with low clearance and will not go anywhere near it -- unless it's significant value. accessibility and moist will always pose a problem.
  12. M

    declining property prices?

    Because it ain't going to happen :p
  13. M

    Advice sought: home loan + settlement using attorney?

    Thanks Medine. It's purely to minimize her involvement -- she will be gone overseas for a long time (from before auction date to after the settlement date), PLUS, since it's not her worry (ie. the house will get sold if I can not repay), so thought better leave her out of this. All I want...
  14. M

    Advice sought: home loan + settlement using attorney?

    Raddles, would you please explain the reason? As quoted from my link above: But since she will not be able to repay anything?:confused: Thanks again:)
  15. M

    Advice sought: home loan + settlement using attorney?

    I just spoke to someone from one of the financial institutions, and she insisted that my partner has to be listed as a borrower not a guarantor even though she's not servicing the loan?? This is confusing, because on the first page of their application form, you actually need to tick as...
  16. M

    Advice sought: home loan + settlement using attorney?

    Thanks very much Raddles and Peter. Yep make much more sense now on the loan. I am still thinking how this Power of Attorney would work -- I understand the concept, but how will the money flow? i.e. do i need to transfer all my funds to my solicitor's trust account first? then my PoA does the...
  17. M

    Advice sought: home loan + settlement using attorney?

    I'd like to seek some help please. I am buying a property (owner occupied) that will be under my and my partner's names. She has no income and no assets at the moment. I need to get a loan for about 20% of the purchase price (I got the rest in cash). I intend to apply for the loan under my...
  18. M

    buying a house -- negotiation techniques

    Right.. Just come back from the 2nd open house. Not surprisingly, was told by the agent that there were 9 contract issued and 4 offers given over the past week. Already pushing it out to around 1.1M. Looks like it will for sure go to the auction -- as CairnAgent put it: Greed. But this...
  19. M

    buying a house -- negotiation techniques

    Thanks everyone! Ok, a bit more info, the vendors are two elderly parents with the son. (the son's living in the house I believe) the elderlies are moving to a nursing home -- I was told. But of course this info alone does not tell you how keen they are to sell. I will try to dig out...
  20. M

    buying a house -- negotiation techniques

    in general, what's a good timing to give an offer? I am thinking on the first week's probably too soon?-- as so much so early will bring up the "greed" in vendor? Any further suggestions?
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