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thanks for the feedback. because they play nasty and i know that, i'm willing to come to the party and pay part of the cost of damage. It's a tax deduction anyway I guess. I just can not say that I should pay for all of it. My initial stance will be i'm withholding total damages cost from them...

Here's an interesting one for you. I have a fencer doing some work on a reno I'm doing. Yesterday he was digging a hole to put in a pole and managed to dig through the gas line and storwater drain pipe at the same time. I have no idea the repair bill but I told them to direct the bill to the...

Hmmm, LA Aussie it is an interesting one. But to be retired and living off my investments I believe in paying down debts to a suitable level that income exceeds debt. without that there's no retirement. And non deductible debt is usually linked to $0 income because you live in the house. Hence...

Since escaping the non tax deductible debt train at 26 and paying off our mortgage I have now developed a phobia of non deductible debt! It's scary. When we had a mortgage, it was small anyway but all seemed well. Since we have paid out the mortgage we have so much more cash per month it's...

I would say that you're not doing yourself any favours if you happened to forget a few other debts that you have. remember the bank is only lending you money that YOU must repay to them and find a way to repay over time. If they found out as well I'm sure they would have reason to call the...

I would assume that the couple would have a 20% deposit so mortgage is more like $40k a year, or $750 a week. a household income of around $100k say should easily be able to cover the mortgage. it would be tough the first few years but remember the $100k household income is likely to go up...

I'd be interested in any positive negotiation techniques you can offer on council contribution fees. I notice in a planning permit that it says I 'may' have to contribute with council contribution fees. This to me means it's potentially negotiable in some aspects!!

The only people around us that we have are my family. Everybody in my family is multi-property owners but not in my partners family (and we try to limit discussion with them). Our friends know the goings on of what we do but you can’t go into detail because they either don’t get it, become...

i have a filing cabinet with files for mortgage docs, rental, rates, reo's, development consultants etc. filing and keeping it all in step is a challenge and still at tax time i spend ages going through finding everything relevant. rixter, doesn't the PM apply a 'management' charge to the...

We are not at retirment stage yet but on the way well and truly. our first step was to get PPOR mortgage free so we could start building the asset base to retire which is currently the stage we are in. One thing I have noticed is when you do not require the income your whole attitude to work...

This is very confusing. I must say the research I have done does not overly help my own situation either. My understanding is that the 'building' work is all that is counted. Landscaping for example does not require a permit. If you were moving the house or removing a wall etc then you...

why would you wait until tax time. It's a bit of effort to fill out the form but it brings the money into your cashflow imemdietly to offset against debt. The ATO doesn't give you 7% interest on your funds so it's worth having the cash as soon as you can get it. it also stops me from getting...

I do in fact - and would you believe it I know 2 electricians that are reliable and trustworthy. you will pay market rates but you will get good work done. if you're interested PM me and tell me what sort of work you're doing and i'll recommend one of the two. i also have a decent...

Looking for ideas from the experienced here. I'm looking for good pricing on pavers and treated pine sleepers (preferably 3m length). If anybody can point me in the right direction for suppliers in Melbourne it would be great. (outer east is ideal but anywhere with great pricing and...

not sure if the rules are the same now but when i was at uni it used to be if you were working and studying at the same time and if at that time your study was relevant to advancing you in your current role then you could tax deduct your fees, books etc in that year. but the key was that you...

I have just had an awful experience with a valuer and am now asking questions of the bank on how the valuer got to his number because it's not correct based on market data. When the valuer turned up to my brand new 1 week old property I asked him to remove his shoes and he asked if he could...

yes my broker that i've used with x-inc is ex-Aussie Home Loans. I also have a standing loan which was originated through Aussie. I have found X-Inc a bit more inclined to listen to what I want and find it rather than the standard sheet on the PC thing. Though I do agree it comes down to...

we have done two loans through a broker with them. one a regular house and the other a construction and land mortgage. if you are in melbourne i can give you the details of the broker i used there. he's very good - provides me valuable reports and data when i want them on suburbs and...

using National builders currently currently using national builders. they started building in march. everything such as quotes, contract etc they have done within the timeframes they specified fromt he outset that they would do. we held them up a bit with council issues on our end and...

how deep are your pockets. subdividing a backyard off can be an expensive experience depending on the council. usually to get clear title for the back block to sell it off you will have to put in stormwater drainage, connect the water, electricity, sewer and gas down the drive to the back...