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Hi, Here is the situation we are renting in Perth, its a 2-bed unit that we have a fixed term lease until 22Mar. The property is furnished and is about to go on the market. The landlord I have a good relationship with but I don't know the agent. My understanding in NZ is that the tenant...

Hi all, We are Kiwis, now living in Perth. My partner is just about to sign up for a 12 month contract. Australia seems to have a tax system in the dark ages and even as a contractor he needs to contribute 9% to superannuation. His agent is keen to get him to do some salary sacrificing which is...

Hi we've just moved to Perth, and looking for any ideas on the best places to meet people. Not the pub scene thanks - we are over 45! I've tried a few dances - which is a passion of ours - but so far people are more in the retired age group - nothing wrong with that - just not much in common...

Hi, We have just moved to Scarborough Perth, renting not really looking to buy but.... maybe... .Anyway I notice while walking the streets that areas such as Scarborough have lots of older houses being ripped down and 3 or 4 townhouses being put in their place. In other parts of Perth this...

Hi - we arrive in Brisbane in March to start our semi-retirement (thanks IP!) by buying a 4WD and driving around Australia. I know that the CDMA network is being phased out and replaced by Next3G but wonder if we are better off buying a cheap 2nd hand CDMA phone on ebay rather than buying the...

Hi , My partner and I are looking at taking off and driving around Oz (we're Kiwi's). When the $ are low we will probably work, probably in Melbourne as thsi is where the demand for our IT skills appears highest. At this point we would be looking at renting a furnished CBD (or near St Kilda...

I think we can retire – is it really this simple ? We have approx $1.7M in property (including PPOR) - $800,000 owing. Real expenses pretty much equal rents – depreciation gives us a nice a tax refund. If we drawdown $85,000 capital a year to live on this is tax free . We would need to...

After a little over a year of property investing our balance sheet looks like this : PPOR value $450,000 Mortgage = 0 IP 1 purchase 2/03 price $95,500 value $160,000 Mortgage = $95,500 IP 2 purchase 3/03 price $82,000 value $110,000 Mortgage = $82,000 IP3 purchase 6/03 price $77,000...

Hi, Here's a question from the other side of the fence. My partner works for a bank which has been sold to the Ozzies :confused: In a year or so he may get transferred to Melbourne. I'm quite happy to tag along hopeful thoughts of early retirement :) but we wouldnt be buying in Oz...

We have just gone unconditional on our 4th IP in 7 months :D Have been told by better 1/2 to stop (for a while!) We are at about 50% loan/equity ratio and that is about our comfort level. We now have 2 CF and 2 CG properties. I had originally thought that that the CF were buy & hold forever...

Can one of the "tenants" in a tenants in common be a company ? I strongly suspect that the Oz law and NZ law are the same on this one. We are looking at a 2 flat property which could fit our investment criteria by itself . But my partners mother is looking to downsize and the bottom flat may...

We are currently making substantial payments to our IP LOC to reduce interest costs. As we have no non-deductable debt it appears to make no sense to put it in a savings a/c and pay tax on the minimal interest. Next year we want to withdraw some of this money back to pay for a...

I note that the bank has inserted the following statement under security of my IP : "All existing and future securities from the Customer to the Bank securethe Loan, interest and other amounts payable under this agreement. The foloowing new securities must be given to the bank before any...

We have a nice "problem" We went unconditional on a 3 bed rental in a country town last Friday - we settle in a couple of weeks. The house is 50's, sound but original decor with a heavy smoker which has caused all the walls & ceiling to go th well known colour - nicotine yellow. Plan A...

Question re valuations. We are currently in the situation where we have made an offer subject to a valuation. I actually made the offer sight unseen because the property is in another town and there was already an offer going in on the property. We have subsequently seen the proerpty and...

Hi, Below is a NZ example ... We have a PPOR worth $370k no money owning. Against this our LAQC has a LOC of $185k with a balance of approx $35k outstanding . We currently own IP#1 one purchased for $95.5k wtih a $60k 1yr fixed IO the fixed lapses in Feb 04 IP#2 witha fixed IO...