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  1. luce.rocks

    Instant hot water system question.

    How does a gas instant hot water system know when I turn on the hot water? What's the feedback loop from the tap to the water system? How does it know I want hot water, not cold water? I've googled a bunch of 'how does a gas hot water system work' type questions but all results seem to give...
  2. luce.rocks

    Ways to minimise tax bill this year

    Hi folks, This is the first time I've had to think about minimising my tax bill (yay?). I'd love some help pointing me in the right direction for good, legal, ways to reduce my tax. Key points: - CGT event this year made about $200k capital gain - I'll get most of the 50% CGT reduction...
  3. luce.rocks

    $250k burning a hole in my pocket.

    I sold some land a few weeks back and I now have $250k sitting in my bank account. Which is waaay more than I've ever had just sitting there. It's making me itch. I'm not sure what to do with it or where to put it. I doubt I can get a mortgage in Australia seeing as I live in Spain now, and...
  4. luce.rocks

    Merry Xmas everyone!

    Hope you're all having a lovely day, wherever you are and whoever you're spending it with! xo
  5. luce.rocks

    Explain forex leverage, margin calls, and long term positions to me?

    Hi folks, I'm trying to get my head around fx. I'm tentatively thinking it might be a good idea to buy USD/AUD early next year, hold it for a year, then see where things are at the end of the year. From my initial googling, it seems most fx is highly leveraged. How does this work if you...
  6. luce.rocks

    Negotiating with agent after signing agency agreement.

    Hi folks, I signed an agency agreement about 2 weeks ago (well, my mum did, with POA from me) to sell some land. We agreed that we wouldn't start the advertising campaign until next year. Now it looks like my mum has found a buyer (one of her friends). I know it's probably within the...
  7. luce.rocks

    How to develop an investing strategy for equities?

    Hi folks. Can anyone point me in the direction of a good resource for developing an investment strategy for shares, bonds, etc? I think this year I'd like to invest in something other than property. My main goals are: Try to get get a better return than a term deposit Give myself...
  8. luce.rocks

    Living overseas. CGT reduction question.

    Hi folks. We moved back to Spain in September. I have some rural-zoned vacant land that I bought in 2011/2012. I finally got a building entitlement for it in October. Now I'm keen to sell. My question is: what's the deal with the CGT reduction now that I'm living overseas? Can I still...
  9. luce.rocks

    Valuer General valuations

    Are the VG's valuations ever more than market value? I know often they come in less, but do they ever come in higher? And when a bank is doing a valuation, if there aren't very many comparable sales, will they look at the VG valuation? And if so, how closely does their valuation usually come to...
  10. luce.rocks

    Still trying to understand bank bills

    My brain is still completely tied in knots about bank bills and how you use them in property investing. I'm imagining something like this: You have a property debt-free. Hypothetically, let's say the property is valued at $500k. You take out a LOC against it for, say, $300k, at 5.5%...
  11. luce.rocks

    CBA 'platinum' debit mastercard

    Got a new CBA debit mastercard in the mail today along with a letter and pamphlet extolling the virtues of switching over to this new card and abandoning my old one (which is not due to expire). I know banks would never do anything that didn't make them money, so what are they getting out of...
  12. luce.rocks

    PPOR mortgage interest tax deductible

    Just been chatting with a fried who lives in NYC and says that in the US your PPOR mortgage interest is tax deductible. Crazy! How does that work? How does their govt afford it?
  13. luce.rocks

    Made an offer on a small commercial unit!

    Hubby and I have had an offer accepted on a little place we think would make a nice wine bar! We've been completely reckless and made the offer without finance in place, hoping we can get finance or sell something, before settlement. We've already told the RE agent that we'll need a long...
  14. luce.rocks

    Interesting definition of 'cosmetic'

    Thought this was funny. If this is just a cosmetic reno then I'd hate to see what a full-on reno job would be, according to this agent! http://www.domain.com.au/property/for-sale/house/nsw/orange/?adid=2011166274
  15. luce.rocks

    Regional NSW this cycle

    Last cycle it seemed Sydney stayed hotter for longer before the ripple spread out and people started looking to regional centers out of desperation/fear of missing out. Do you think there's enough craziness in the Sydney market this time around to prompt the same ripple effect for regional...
  16. luce.rocks

    What to ask/look for at inspection?

    Hiya folks, Hubby and I are inspecting a strata retail space tomorrow. What sort of questions should we be asking? We have no experience with commercial property. I know with resi you need to ask about strata fees, sinking funds, etc., is it the same with commercial? Cheers, Luce
  17. luce.rocks

    What's Sydney's top end doing?

    Anyone here know what the top end of Sydney is doing? Like, 5m+? Not that I've won lotto or anything. Just curious and have no idea.
  18. luce.rocks

    Really dumb question about shares

    I know nothing about trading, so please stifle your giggles, but I have to ask: if you can bet on things going up and things going down, why don't people just place an order for both and then whichever one happens first, cancel the order for the second one?
  19. luce.rocks

    What can you build for $100k?

    I have some land 5 min out of town, power at gate, no town water/waste. Do you think its possible to build a 2 br dwelling for $100k or less, including water tanks, sewage system, etc.?
  20. luce.rocks

    Programming?

    Is anyone here a programmer? I think I fancy study programming, mostly for myself because I feel like I'm living in the matrix and everything around me is driven by mysterious codes that I don't understand, but it would be a plus if it lead to work. Not sure if the TAFE Cert IV in Programming...
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