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I guess if a certain property did fall by 10%, then it can't have been triple-A bluechip after all...

Are there any implications from getting a valuation in Victoria? Are they registered publicly in any way? Are there any circumstances where you might not want to get a valuation done, for example can the act of getting a valuation cause issues for taxation?

Suppose I am gifted a property, i.e. bought it for $0 and I choose to own this property as an IP or holiday home. Then when I come to sell it do I have to pay capital gains tax on just the difference between the market value at the time of transfer and the price at the time of sale, or the...

I know it's the UK and not here, but I didn't think this happened ever. :eek: Did this ever happen in Australia before? http://www.ft.com/cms/s/2/cdc24a48-2078-11de-b930-00144feabdc0.html

Hi RE, I think I know where you're coming from. I'm also hopeless with keeping on track with things - I even hate making shopping lists as I find it too constraining. Anyway I've just spent a year or so building a realtime 3D application, really for commercialisation (somewhat different area...

The reason the reserve bank will be lowering rates again by a minimum of 0.5% is to stave off deflation, possibly affecting both house prices and rents.

So whats that? .057 * income?

Oh no! Looks like I'm busted banging your sister.

Well that is confusing then, as it seems you have said two different things. From your original post you say that you had 170K "available of investment" - leading us to believe that the bank had lent you an additional 170K. But now it seems you are saying something different - that the bank has...

Dude, can you please stop saying you only have a loan for 170K? It's hurting my ears. You have a loan for 240K. Really. The 170K figure is just the additional amount of money you have to spend after refinancing.

The loan IS 240K. Then you had to pay back the bank 70K, leaving you 170K in your pocket. You still owe 240K!

I think a lot of confusion arises because we jumble together two completely different asset classes and call it "a property". Those two assests are of course the house and the land. I think land is pretty close to a zero sum game. You can't create it so the supply is relatively fixed. Land...

Yes good point, we need to account for tennant turnover to get and idea of the "true" vacancy. But, to be fair I dont think an average 48/52 weeks vacancy for rentals, accounts for all of the 120,000. 48-52/52 = 4/52 = 7.7%, but that is just for the active rentals which is about a 1/3 of all...

Isn't investing mostly about getting a free ride too - getting the best returns for the least work? That's why I do it anyway. That's why it's called passive income.

I prefer the first and second laws of thermodynamics. Put simply you can't get something for nothing.

I presume you would support an abolition of negative gearing for existing properties then?

True, you need to look at the implications for future development. But regarding the under building point -Doesn't it seem strange that after the biggest investment in residential housing in austalia history we supposedly have a tight rental market? Either we haven't been underbuilding or we...

Well it looks like the the graph is fairly linear but is drawn on a log scale, which would mean that the chart suggests house price growth has been exponential for the last 30 years. ;) While that is what one would expect to see in an asset price bubble, it's not sufficient to demonsrate that...

Cycling zealot here. I own more bikes than I am prepared to admit (even to myself). I cycle everywhere I can including commuting, and racing mountain bikes at least weekly. Then there's training and recreational riding on top of that. My commuter is a very unsalubrious 1981 heavy steel road...

I would like to see this too. I've studied quantum mechanics at university and read many books on it from the pop science stuff to the driest of mathematical texts. Whilst there are plenty of strange mysteries in quantum, e.g. examples of behaviour of subatomic particles that are hard to...