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A member of BIG - annual membership is $120 for Singles and $180 for Couples. Prorata membership now applies. All the details are on the BIG website at http://www.big.org.au

No; just rock up. If you aren't a member, there is an entry fee of $15 for Singles or $25 for Couples.

A Body Corporate has been set up and registered but it has never been set in operation - that is, there has never been any meetings, no contributions to a Sinking Fund or Admin Fund, etc My strategy for the block is "buy and hold". One of the attraction of a strata titled block is the...

I have signed a Contract on a block of 4 units which are strata-titled. The block was built in 1984-5 at a cost $170,000. The person who built the block has owned them for the whole 22 years and has recently died. His executors are selling the block. During due diligence and disclosure, I...

Is it true that if you take an option on a property then, at a later date, sign the contract, CGT is still calculated from the contract date and not the option date? If this is true, this means you can delay the date for calculating CGT - whether buying and/or selling - to suit your...

Bill.L, I didn't say they did. I said just because it worked for them doesn't mean it is appropriate for me (or anyone else for that matter). Totally agree. I said that in my original post and repeated it above. Agreed but it doesn't mean 'X' is right for you. Agreed. But it...

I started fulltime work in 1977. That is, over 29 years ago. Over that time, my salary has increased an average of 9% per year. That is, on average, it doubled every 8 years. On this basis, if I was on a salary of $60K today, it would be over $1.7M in 2045, not $3M but still not bad...

Bill, I totally disagree - I don't think this is the prime question at all. If the FP became wealthy via gambling, option trading, legal prositution, etc, then I wouldn't want to paying them to give me that advice just because it worked for them :D :D . As we keep saying on this Forum...

I have being saying the same thing for the last 25 - 30 years and continually been proved wrong :D :D. Two examples: I bought my first property in 1979 (27 years ago), a 2 bedroom unit in East St Kilda (42 The Avenue) for $26,000. So doubling every 7 years, would mean that this property...

... still looking forward to paying $1M in tax (after using all the possible, legal ways to minimise it). If one has a business (a company) and net profit is $3.4M, then the company is up for $1M in tax :D :D

I am looking forward to the day when I have to pay $1million in tax :D :D

That would make the interest repayments on a $1M loan portfolio around $175,000 per year :eek: :eek: We had a loan ($92,000 on a $205,000 PPOR) in those days - meeting the P&I repayments was tough!!!

I was in Mackay (Qld) this week for work. The prices for houses seemed about the same as Brisbane. I couldn't believe it. Checking the latest API mag, the median price for Mackay is $314,000 for Feb 2006 (I don't have the March 2006 figure) so my gut feel was close to be correct. While I...

Imagine what it would do to the sharemarket? If these suggested rules only applied to property, I would guess that it would make the sharemarket more attractive pushing prices up; if the same rules applied to all assets (including shares), then I would guess that shares would become far less...

I always cross out the 90 days and replace with 30 (the minimumin in Qld by law). I sacked a PM yesterday - only had to give a month's notice, not 3.

I don't totally agree with this. My wife and I have my own business (to generate cash), our own SMSF (to invest in the stock markets thru direct shares and managed funds) and hybrid trusts (to invest in property). We both turn 50 this year - so, if the business can afford it, we are able...

My father died at 75; my mother is 77 tomorrow and has many years left in her yet. I am expecting to be here for another 40 years at least (especially with medical advances being what they are) which means I will be 90. Based on this, I believe you can plan out how much you need in assets to...

Totally different plan - my plan is to spend it ALL (no matter how large it is) so there is NOTHING left over for the kids :D :D

My understaning is that there is no CGT (as one sell the units for the same price they were purchased for), no S/D and no need for solicitors but you have to maintain the paperwork/audit trail (i.e. unit certificates, unit registers, etc). I have a HDT and have purchased units but haven't...

Our kids are 20 (today) and nearly 22. We have put them thru private school (primary and secondary) and thru Uni/TAFE. Both have left home and are now working. As they were growing up, we had to scrap and do without. We love our kids and have no regrets - we would do it all over again...