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    End of an Era

    Wow, I can't believe this is the end. It was only the beginning for me! As a young investor Somersoft has been so helpful in so many ways. Thank you Ian, Jan and Sim. Also would like to thank Rixter, Redom and Michael X for helping me on my journey. See you all on PropertyChat!
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    The Mother of All Booms is Coming??

    Have just been linked this article, Australia: one of the worst housing bubbles ever, which predicts that "having the largest housing bubble and mining boom in Australia?s economic history going down simultaneously will cause a severe economic and social catastrophe." Talk about doom and gloom...
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    Converting study into third bedroom

    Thanks mate. Ok so from a plan perspective, it looks good and will raise value. But it wouldn't be worth council approval? I'm new to this, didn't think it would cost/be a pain that much. What's involved in legally changing to a 3 bedder? Great ideas, thank you!
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    Converting study into third bedroom

    Would like to do this lawfully. But I can't see why it wouldn't be approved? There is a single garage + 1 car space.
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    Converting study into third bedroom

    Hi guys, Just wanted your opinion if converting the study to a third bedroom would be worth it. Would be building a wall above the stairs and closing it off. REA has said it would probably boost my rent by $30. However, this isn't the reason I'm doing this. It would be more for capital...
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    Is a gifted deposit tax deductible?

    Great, thank you everyone! Will have to contact a lawyer.
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    Is a gifted deposit tax deductible?

    Apologies let me clarify - I meant the interest repayments on the loan that I will be paying to my parents.
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    Is a gifted deposit tax deductible?

    Hi guys, Just had a quick question. I'm buying my first property, I don't have a deposit saved but parents will draw out equity to gift me funds and I will be paying them the interest repayments. If I am gifted the funds for my deposit, are the interest repayments tax deductible? And if so...
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    what is your "why"?

    I've got more than one "why"! I just started working full-time in a corporate office, and it didn't take long before realising that I didn't want to be stuck to a desk for the next 50 years. Sure I enjoy my job, but do I feel like I'm contributing to society? Not so much, instead I feel I?m...
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    Sydney Meeting - Wednesday 21/01/15

    Thanks for organising mate, was really good meeting everyone! :cool:
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    Sydney Meeting - Wednesday 21/01/15

    See you guys there! :)
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    Introduction - young investor just starting out :)

    Wow mate, golden advice, thank you! That Saturday plan sounds awesome. Career-wise I am in a corporate environment doing IT/business, on a really good path, so salary is expected to rise substantially. I think I probably used the wrong word - I like how you put it Dan, 'tweak things a bit'...
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    Introduction - young investor just starting out :)

    Thanks Ace! When you say generating equity, I think of buying undervalued properties and adding value through renovations. Is this what you meant and if not, do you have an example? Thanks norwoodman. I don't have much savings but I have a 500k pre-approval using my parents as guarantors, so I...
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    Introduction - young investor just starting out :)

    Hey Somersoft :) Dinamo here. Thought I would finally introduce myself as I've been reading the forums for a while, but I think it's time I started posting! 21 years old, graduated from uni last year, now work full time earning 60K per year living with parents in Sydney, no expenses...
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