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I lived in Redcliffe for 4 years and now live in the Wynnum/Manly area so from our experience its mainly a concern of where you work. It can easily take an hour to get from the Redcliffe peninsula to the Brisbane CBD and doing that every day takes a chunk of your week. It takes an hour by train...

Writing as a former uni student who used shared accom during uni, the situation sounds like she paid the bond not to a RTA but to the guy who has the lease for the unit (or house or whatever). Did she answer an add at uni or hear about it from a friend? Sub-letting from the lease holder is the...

Considering the amount of money involved I think just calling is not enough. Solicitors can write stern letters asking for the money to be paid or your friend could look at getting a debt collection company to retrieve the money. Good luck. Sharyn

I think part of the problem with our perception of taxes is that we feel that its not being spent on the above but often acts a slush fund for the pollies to snuffle their snouts in. After watching programs on the lack of support for carers and our recent tragedy of a mentally ill man being...

My husband is a member of Brisbane club and really enjoys the meetings. If you need to hone any type of communication - verbal presentations in particular - they sound like they really help. Speeches are critiqued but constructively not harshly. They often do table topics where you have 5 min to...

In the statement that I read in the AFR Ian MacFarlane was not only gunning for negative gearing but also the tax-free CGT for home owners! How do you think that would go down with the general populace? cheers Sharyn

This has been taken from 'Richest Man in Babylon'. Its probably true - how many people do you know who would rather spend money now on pokies, the lotto, plasma TVs, new cars, booze etc than save money and learn how to invest (although I'm sure a lot of people think playing lotto is an...

I attended Steve Navra's course yesterday in Brisbane and had a great day. My head was ready to explode by the end of the day - but in a good way! I'd recommend it especially to people who would like to know how to integrate shares and property. His ideas are very well thought out and easy to...

Unfortunately I won't be able to make the meeting Tuesday but by a fortunate coincidence I saw Nick M at Steve Navra's course yesterday. Not knowing anything about trusts he lost me pretty quickly but I'd say what he doesnt know about trusts for asset protection (esp for property) isnt worth...

Our current position is PPOR and 1 IP - equity is maxed out but positive geared IP. Our plan is to hunker down and pay off our non-deductible ASAP and get our hot little hands on equity. I am dabbling in a handful of shares to get a feel for the sharemarket (portfolio at 15% gain) and learn...

If you dont know the GC area then the best idea is to rent for a while whilst you explore and decide which lifestyle would suit you better (exploring is heaps of fun). You'll need to get to know how the Australian property works and the procedures for buying property. If you want to invest then...

This has turned into a really interesting discussion. My 2c - having spent 5 years at university sometimes I think that doing well at uni or school comes down to how well you handle yourself in exams. I saw smart people fall apart under the pressure of exams and do badly (and exams normally...

What do you mean by 'sham' JP? Arent you nice letting us know what was written on another forum. cheers Sharyn

You've gotta start somewhere! Keep reading the posts on the forum, heaps of books and you'll learn heaps and be able to make informed decisions that suit your plans. cheers Sharyn

A basic tenent of property investing is that land appreciates in value and buildings depreciate in value. Based on this then you would only buy houses because townhouses and especially units only have a small land component. I think a lot of formumites only buy houses. But then land in the...

My thoughts are by not reducing the principle on your PPOR loan you're not getting rid of your non-deductible debt, which is not a great long-term investing strategy. Our loan will revert to I&P after 5 years. cheers Sharyn

The whole setup sounds really dodgy to me. 1. Why has a RE agent contacted your solicitor before you? Here in Qld they dont know who will be acting for them until they write out a contract. Smells like collusion to me. 2. I personally would NEVER sign an unconditional contract - you will be...

Unless you're in an auction situation the usual sequence is sign the contract (with condition subject to satisfactory to purchaser building AND pest inspection - and finance if you need it), give $1000 deposit, get the contract countersigned by vendor, get copy of countersigned contract and...

We have this set up on our PPOR. As far a I can figure its like a defacto Line of Credit but with a cheaper interest rate. This strategy was discussed a couple of weeks ago on this forum actually in a thread called 'Now the time to pay down PPOR debt?' (sorry dont know how to link but search...

Articles in yesterdays AFR: 'If you think your renovation is pricey, wait 5 years. In Dec, the fed Dept of Employee & Workplace Rel. reported national skills shortages among carpenters, joiners, plasterers, both fibrous and solid, bricklayers and plumbers. But it is going to get worse. Those...