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Terry, would you be generous enough to provide details of the mistake that was made? Was it the old "The lawyer added the settlement sum to his fees so the settlement wasn't a true donation and invalidated the trust"?

Hi I have a maisonette in Salisbury SA and need to get A/C put in. Any recommendations? Thanks.

Jack, would you mind saying what industry you work in? 200k is big bucks, congratulations on your success!

lizzie, Congratulations on your excellent purchase. You have provided enough detail to show you are an expert. Well done.

Its amazing how people will brag about their "positively geared" properties but always seem vague on the details. What type of property (eg 2 bdrm townhouse, 1bdrm unit, 3bdrm house etc) Which suburb did you buy in? What month did you buy (presuming 2011)? Purchase price? Rental Income...

Pinkboy it would be nice if you were a bit more logical. This thread is about gated communities. Mining towns are not exactly common, they are a very small part of Australia's property market. Quite simply, your comment is not related to the topic of gated communities. Maybe there are gated...

BULLS41T ALERT..... Its very rare to find neutral/positively geared properties in Australia. What suburb is it in? What year did you buy it? Or are you talking about a property in the USA? But then how did you get the loan? Or you are claiming you bought it years ago and today's rent covers...

Stupid government laws. How bout we write a lease where the rent is $15,600 per month (52x300), but as a special offer the landlord will only charge the first month and the next 11 months are free?

Do you seriously think there will be significant capital growth in the Australian Real Estate market in the next 10 years? GOOD LUCK My guess is prices will be flat and in real terms falling slightly over the next 10 years.

Right so the USA booms because the average person is earning $5000 per YEAR in TODAYS money. How much rent and profit would you expect from that? Maybe you should reconsider your own level of expertise. buyingusare.... I wasn't the one who said u had a link to a spruiking web site....

Besides the fact Mr USA seems to be dodgy.... The other problem with USA investments is currency risk. You may make a profit of say $1000 USD, which today equates to about $950 AUD. I would say the long term trend of the USD is DOWN. So your $1000USD profit in 10 years might end up being only...

Thanks for the replies. I don't have any plans to buy real estate at this time :).

Hi Apparently there was a genuine "no reserve" auction in Brisbane: http://brisbanetimes.domain.com.au/real-estate-news/ultimate-highstakes-auction-20110917-1kfgc.html http://www.realestate.com.au/property-house-qld-gaythorne-107574663 Would anyone know the actual sale price? Did...

While I am ranting.... May I say a lot of accountants are basically useless and don't understand finance. One example is when I was having a general conversation about interest rates, this was around 6 years ago. I said that if the RBA increases rates too much it will raise the value of...

I would say your accountant is wrong. Here is the logic I see: There are 2 accounts: Acct 1234 IP Interest Only Loan $100,000 - used to purchase IP Acct 5678 Offset - personal use End of first month Acct 1234 - balance $100,000 - you pay $583 interest (at 7%) Acct 5678 - balance $0 Start of...

Jamie, You seem to be a mortgage broker so its obvious you have some bias. The fact is Tony Abbott will win the next election and sack 12,000 Canberra public servants. Add to that the general property market in Australia is stagnating (at best). Anyone who wants to risk $500,000 on...

I would NEVER buy off-the-plan. Property girl has summed up exactly why off-the-plan is a bad idea. The fact that you are posting on somersoft shows you have doubts. If there are any doubts, especially in a weak property market, don't buy.

I found an ATO link that is more helpful: http://www.ato.gov.au/individuals/content.aspx?doc=/content/36280.htm Of course, just my luck, none of the examples closely match my circumstances.

Aaron, I am getting frustrated with your blatant ********. The link you gave refers to TR98/17. What happens when you open TR98/17 and read its contents? The Class of person/arrangement is...... most individuals entering Australia Aaron, at least you aren't an accountant. So you should...

Aaron, your assurances seem very doubtful to me, because you have provided a useless web link. You have linked to Taxation Ruling TR 98/17: Income tax: residency status of individuals entering Australia. If we had a link for a Taxation Ruling re individuals LEAVING Australia that would be...