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    End of an Era

    End of an era indeed! Thanks to everyone that was involved in keeping the forum running.
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    Property Depreciation and CGT

    Thanks for that Rixter, trying to get my ahead CGT implications before seeing accountant and that helped. Thx again
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    Property Depreciation and CGT

    Thanks for that Peter, i was more thinking in regards to when selling the property, having not claimed any depreciation, would that be more beneficial or not (less capital work deductions)? Cheers
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    Property Depreciation and CGT

    Hey guys, just wondering about property depreciation and CGT... I've had my property since 2011 and it's been rented almost all the time since then but i never claimed any depreciation on it as in i never had a depreciation schedule done for it... Does this make any kind of difference if i...
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    Perhaps another IR Drop

    Job vacancies released today weren't bad so i think this will change those ods as in more probability there will be no change in rates
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    Depreciation on Older Properties

    Thanks for the replies guys.
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    Depreciation on Older Properties

    While on the subject of depreciation, I bought an older house in 2011 and never got a depreciation report done, is it possible to start doing that now and claim the past few years? I read somewhere you can up to 2 years but not too sure how that works. Would i lodge that in the coming tax...
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    Perhaps another IR Drop

    Fed didn't hike and won't hike in April so don't think the RBA will be cutting anytime soon...
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    Perhaps another IR Drop

    I believe it's a bit more complicated than that and that we should worry about inflation. Most goods in OZ are imported and the dollar is getting weaker so less buying power for us and add on top of that, costs of holding goods in ports are rising so we will have inflation if not hyperinflation.
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    Understand the math ~ Diet vs Exercise

    No matter how you put it, more muscle means more calories burnt even if you are just sitting down and not moving... but it's not too significant as it only affects around 20% of total daily energy expenditure.. Your examples about strong men and marathoners don't stand. Strong men put fat on...
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    Understand the math ~ Diet vs Exercise

    That's exactly it! It really comes down to calories in and calories out and for 90% of the population its a bout calories in unless you are an olympian burning 8000 calories a day :) Water is so important because many confuse hunger for thirst... One more thing, do not DIET! Change your...
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    Perhaps another IR Drop

    Another indication is that GS has always promoted 75 cents as a fair value for the AUD so maybe that's where the RBA will draw the line for AUD and either hold on rate cuts or even push up to control the dip in the AUD especially if the US keeps on rallying!
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    Perhaps another IR Drop

    Agreed Aaron, it will depend on what the US does
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    Tarp vs Sale Shade

    Thanks very much for all the good info guys, much appreciated. I will be calling in some professional companies that do this stuff since it's obviously not as simple as i though it was going to be, as in ,go to bunnings, buy stuff and install it :) Thanks very much again
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    Tarp vs Sale Shade

    Hey guys, Planning on adding a permanent shade structure around the back yard and trying to decide wether to go extra heavy duty tarp way or water resistant Sale Shade. Sale sale fabric looks much neater than tarp but thinking tarp might do the job of keeping the train and sun out a bit...
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    Where to buy in melbourne for 500-600k ??

    Coburg North is ok but has some industrial areas so need to check around and nice areas are away from public transport from memory. Reservoir is good and nice land blocks but its a bit hot ATM and found myself competing with builders while at it. Consider Hadfield too. I bought there 3...
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    Tanking AUD effects on housing market

    Just an observation mate no claims or anything. Just go for a walk around at night and see for yourself. Have a read below too : http://www.abc.net.au/news/2014-11-12/water-use-study-highlights-empty-flats-in-melbournes-docklands/5886246
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    Tanking AUD effects on housing market

    +1 Freckle walking about Docklands at night and you can see 90% empty apartments with no lights on at night. It will go bad before it gets better Cheers
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    Tanking AUD effects on housing market

    Totally agree with the above but the issue is that it's becoming unaffordable for the locals. Latest numbers on first home buyers in Sydney where less than 1%.
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    Tanking AUD effects on housing market

    Very insightful comments everyone, thanks for that. Indeed, the lower AUD might be a good incentive for foreign buyers but at the same time Capital loss can be a deterrer as mentioned a few times above. let's consider the scenario where the AUD goes down to 0.73 - 0.75 since most...
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