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super cheap. some properties in new york are only $30k. A renovation will cost more than the property :D

Is that part of the stimulation package to create more jobs :D

But the population here is very very low.

South Yarra

> Family Discretionary Trust with Loan Agreement. You borrow the money in the name of the high income earner and lend it into the trust at a commercial interest rate. I don't care they are technically able to make the trust's losses distributable or not. Because it will probably cost more...

Thanks guy. My accountant said family trust cannot distribute the losses.

Thanks. I got the answer. http://www.taxintelligence.com.au/propertyinvestor.html

Yup, I mean sell. > You can negative gear anything. But losses can't be tranferred outside a trust. Does that mean I cannot use the losses to offset my PAGY income tax?

Hello, If I transfer my existing PPOR to trust and use the money for funding my new PPOR, can I claim the interest expense for my new 100% LVR loan for the old PPOR? Can I negative gear an IP with family trust?

Hello, I am deciding between Dandenong and Frankston too. One of the main reasons to consider Dandenong is that it has $290 million fund from the state government. Don't know it will be a Parramatta like suburb in the future. But Dandenong has a few things holding me back: the shopping...

I don't mean that was your comment. Actually, that was someone's else comment. Overseas money comes and go. I think someone else comment about prices in Asia. The population in Asia is really high. In my opinion, comparing Australia and Asia is just like comparing an apple with an orange.

Yeah. That's the impression they gave me. Remember employees are just helping the company to generate income. In theory, the wage should be less than what the employee helps the company to earn (sure there are exception). Sure, there are couple earning 200K+. But how many people are in the...

That's pretty valid. Even more for contractors.

Yes but not for a fresh grad with a bachelor degree. My friends are pharmacy and law grad. They don't get 100k in their first year too. 100k or 200k for the first year could happen if he/she won a lottery (if you consider that as a bonus :p)

Seriously, it does happen in Japan. :p

agree. 1 mil loan * 6% interest rate = 60k interest per annual. most people cannot afford the repayment.

Hello, I would like to share the Renovation & Extension Costs guide that I have found on the net. Please see the 09webspringcostguide.pdf attachment file. What is your though about the costs? Do you think they are realistic? What is the actual cost of your extension?

Thnak you wobbycarly.

Hello, Does anyone know how the land tax in Vic is calculated? How much land tax a married couple have to pay if they have a 1 million dollar properties profilio in Vic? How much will the land tax be if the properties are registered under familiy trust? Thank you. :)