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thanks mate, good luck house hunting!

Yes and 2 NRAS payments for this year. I probably have enough right now if I drain the accounts but I want to keep some cash in reserve. I have bought a couple of times now by throwing everything into a deposit and it just makes me stressed until I can get my buffers built up again. Fingers...

I'm starting to freak out too, because there are some really good bargains up there at the moment and we won't be able to purchase for another 2 months or so. looking at around $500k North side with a 90%LVR already in talks with the mortgage broker! Just got to hope nothing significant happens...

Hi, I got it off horizon. That is how it has been in previous years as well. Where are you looking to purchase? We are looking at <10km from brisbane Cbd northside. It's gone flat again in some good suburbs there and with any luck will stay that way for a few more months. Are you holding 3...

Hey Sharon, Yes I received one lot of NRAS money about a week ago. It came as a $10300 payment, so they are paying the state and federal amount in one hit. I haven't had any information on my second NRAS property though. I really hope they pay us quickly next time as my wife and I are...

hey, I received and email last night with the payment receipt for one of my two properties. They have bundled both the state and federal amount together and given me the full $10300 in one hit. hopefully this means that everyone from horizon will get sorted out within the next 7 days or so...

Hi again, I'm in the same boat. No payment after a months wait. I rang them up yesterday with a, "please explain" and off course the person I needed was again out of the office like 95% of the times I call them. I'm still waiting on an email or call back as it has been over 24 hours. The...

Hi DB, What you have noticed with Gen Y is what I have noticed as well. There is definitely a big difference in the young people born after about 1990 though. I don't know what generation they fall into but they seem to be the ones most people reference in their anecdotal evidence against Gen...

I understand that my example is anecdotal, but it is from 2 groups of people. My army mates, if they did a deployment overseas they now own a house and my school mates from Logan who are generally tradies. Off hand I could name over 30 of my mates who own houses and did so before they turned 30...

This really annoys me. I'm Gen Y (30 years old) and have 4 properties. I'm from Brisbane originally and every single Gen Y man I know owns a house. Every single one. I don't know any gen Y women who owns a house though. All the boys did it before they turned 30 too.

also need to consider with such a long hold time that those properties are going to require a major renovation at some point too.

If NG is grandfathered in, which is the most likely scenario, investors aren't going to up and sell all their stock. Why would they? However new investors will look at property investing as not so attractive anymore. This will mean less rentals and coupled with rising population will create...

It is a bit of topic. However, if it is brought into affect it will effect people's plans. The articles don't seem to say whether it is for a family unit or for individuals. A few people on here have been saying they want $100k/annum if the tax comes in they will need to earn $105k/annum before...

If you're pulling in more than the average wage for Australia in Retirement getting hit with 15% isn't going to be to hard to swallow. I like GST because it hits everyone regardless of whether you are young or old, rich or poor, law abiding or criminal or a tourist or citizen.

I think it's crazy we don't pay at least a little bit of tax when we reach retirement age. 15% tax on income over $75k is very fair and it still beats the tax you will pay on your property and share portfolios.

Thanks mate. That is a good yield you are getting. Nice work.

Good work mate. I guessed it was Logan with your price,yeild and who you acknowledged at the end hahah. I've got a couple of IPs in Slacks Creek. Give that suburb a look for your next purchase as I reckon it fits your strategy.

Hi Jude, I also have a unit in Robina that I bought in early 2012. If you don't me asking what did you pay for it and how much growth have you seen. I paid $385k for mine it's a 3/2/2 with a little back yard with rear access. cheers Northy.

thanks Grey Ghost, that is a bit clearer but you're right I will have to talk to my accountant and see whether it is the right thing to do for my situation. She knows exactly how much I earn and all the tax I pay so it makes sense.

cheers guys. I'll hit my accountant up at tax time and kill two birds with one stone. I'll tell her my End State and she can work back from there in minimizing my future tax burden. thanks again.