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Hello all, I have a quick question regarding the selling of gold coins and/or bullion. Is the selling of gold coin or bullion subject to capital gains tax at all? My initial thoughts are that it is not, but I'm not sure. Thanks in advance,

I think I may be losing faith — I need some positive reinforcement. :eek: I have been putting offers on what few properties that are popping up in my somewhat limited price range, but the low end of the market, especially units, is going crazy. Recent figures say that units in Adelaide have...

I put in an offer for a unit in Adelaide's inner south suburbs on the weekend and the agent just told me there have been 15 offers on the property, and asked if I wished to confirm my offer. There were a few at the open inspection, but no more than usual, I suppose. 15 offers is...

I wrote this for my blog, but thought it was worthy of posting here... --- Well, the big news of today is that the cash rate has risen 25 basis points. It now stands at 6.5%. I am too young to remember the late 1980s and early 1990s where interest rates reached 20% — but it happened...

From Club Troppo:

Hello all, I am just curious as to how successful, in your experiences, the "subject to vacant possession" clause has been in securing a property, empty. Generally, I have found that if a property has a tenant, the vendor is usually unwilling to kick them out. Thanks. :)

Hello all, I am currently looking for my first property, and just saw one on the Internet with excellent location and fundamentals. I am worried that I may not have enough capital to purchase it. I am a first home buyer, but this will be an investment, so the FHOG will not help here...

Hello all, Not strictly related to property, but I have an ABN and the current tax time is the first since I got my ABN last year. I am a little unsure as to what has to be done when I do my tax, if anything extra at all. I haven't used the ABN for anything, so I am assuming this means...

Hello all, I just got back from looking at a unit in a group of seven, and the agent said there was no body corporate set up. This struck me as odd. What are the pros and cons of this situation? I did notice some of the common areas were in need of attention, including the...

Hello all, I have been thinking of late, about 100% loans, and have pretty much come to the conclusion that for first home buyers who have been busy saving to buy, they are a waste of time. Why? A 100% loan will require an approximate LMI fee of 3.0% of the entire loan, and for a...

Greetings, fellow Adelaideans, Just wondering if anyone knows when the next AREIG meeting is, and where it will be held? I haven't received any AREIG e-mail correspondence for a while... Thanks. :)

Hello all, Some of you may remember the first incarnation of SeminarConnect, which was posted about here, back in March last year: http://www.somersoft.com/forums/showthread.php?t=25075 Well, we have completely redesigned the site, added some more features, and added some new...

Hello all, I am having some trouble finding the quarterly report on Adelaide suburbs' median house prices. The REISA site shows the latest quarter on the Publications & Stats page, but nothing else. Out of curiosity, I perused the REIWA site to compare, and information there is so much...

I personally think this a great outcome and am glad it was passed, albeit it too close for my liking. News items: Senate passes stem cell Bill Stem cell Bill proceeds to next stage (earlier release) It always makes me glad when science can progress forward without old views holding us...

Remember, remember, the 5th of November Gunpowder Treason and plot; I know of no reason why the Gunpowder Treason Should ever be forgot. Guy Fawkes, Guy Fawkes, 'Twas his intent. To blow up the King and the Parliament. Three score barrels of powder below. Poor old England to overthrow...

Hello all, I am curious, is this new forum feature the opposite of kudos, in that any infractions received offset one's total kudos point count? Thanks in advance. :) PS: No, I don't have any infractions yet, (hopefully won't, either). :)

Hello all, I wanted to edit my signature, but the forum won't let me. It thinks it is more than 4 lines in length, when it is not — it is 3. Is this a bug? :) Thanks in advance. :) Edit to add: Does it include blank lines?

Hello all, I know of some forumites who have used lease options to dramatically increase the yield on negatively geared properties, with success. I'm curious as to how many forumites have employed this technique... If so, what are some of your experiences, good and bad? What is...

Hello all, An interesting situation has just occurred in front of me, which was a surprise, but not entirely unexpected. As many of you would know, I am still young, and living at home, and recently one of my parents decided they don't want to financially keep the "burden" of the house...

Hi all! I don't think I'm looking in the right places for what I'm trying to find out. Namely, what are the rights and obligations of someone having an ABN under a sole trader-ship? i.e. Forms that need to be filled out for tax purposes, etc... I've been looking around...