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Hiya peeps, Good day to you all. This is GC, back on Somersoft forum. Some of you might remember me & some of you were not even born then :D naah, just kiddin. Have not been a major major contributor here, but have managed to learn some and give back some to this awesome community. Btw I...

With the Property Markets on the rise across the board in Australia, from every major city to town to even rural properties, I feel there is a good deal to be had in Mining towns right now. Like Dysart, Moranbah, amongst others. They are at the Lows of 2007-08. I can't believe the madness that...

The AAA nations - Norway, Sweden, Netherlands, Finland, Denmark, Switzerland, Germany, Canada, Singapore and Australia. Interest rates across all the AAA countries is sub 2% for 10 year Government bonds, barring Australia of course, where the Yield on a 10 year bond is 3.41%, on the same levels...

Hiya All, Appreciate your thoughts what would be reasonable cost for a demolition project of a 3 bed fibro in Horsham. It is fire damaged and the council wants it pulled down asap and has issued an emergency order. My Insurance is 'yet' to pay out as they are finalising the payment figures...

For the record I am in the US now on a 3 week Business Analysis trip. To my shock and amazement, everything in the USA is far too cheap!! And better quality!! I am just going nuts... - A cup of Tea/Coffee - USD 1.09 (yes, they will give you exactly 91 cents back if you give them USD 2.00) -...

Apparently Investors “mature” from Residential (units, houses, condos, duplex, multi-family) to Commercial Investments (Retail strips, Industrial, Office spaces, Warehouses, Shopping malls, etc) as they get more actively involved within the property game. I have diligently looked at...

Today I walked into a HSBC branch in North Sydney and was told that opening a USD account is a waste of time for an Aussie property investor who is planning on US purchases. This is for both a Personal Account or as a Business account as the accounts are Australian accounts denominated in...

Hiya all, What is a 'normal' surveying costs you have paid recently for a residential block? The survey to include: 1. to fix the fencing in relation to the title boundary position and 2. to obtain feature and level information to facilitate a Planning application Regards, GC

Hiya All, I have embarked on a little Build project in Regional VIC. The land size is 650 sqm and flat. Frontage is 16 mtrs by 42.4 mtrs length. Thinking of squeezing in 4 three bedroom Units if possible. If the area is too small the other option would be 4 two bedroom Units. I have...

http://www.smh.com.au/opinion/politics/land-is-the-best-hope-for-fixing-tax-system-20110929-1kz76.html I read and reread this article in utter disbelief. And is published by smh on the front page. "why are house prices high in Australia?" Because: 1. Credit is "freely available" 2...

Wifey and I spent a good 60-70 hours this year in June/July/Aug over many weekends on our Income/Expenses spreadsheets, number crunching. Almost every weekend was spent working through the tax deductible expenses. All the paper-work builtup over the year would be laid out on the study table...

Hiya guys, What's your opinion - Do you think Karratha has slowed down in the recent years? Karratha prices have been rather flat since '06 and '07 whilst its neighbour Port hedland & S.Hedland have moved up by atleast 50% in the same period. If so, is it because of all the High rises...

Hiya all, Last night I was invited to a Budget dinner with the top brass of Westpac's management team at the Sydney Convention centre at Darling harbour. I consider myself lucky to be invited by the Retail banking Regional head as there were some really big big names in the crowd. Maybe the...

Hiya spreadsheet gurus, I have a Rent period, let's say: Start of period - 01.Mar.11 (in cell A1) End of period - 21.Mar.11 (in cell B1) and I want to calculate the number of days in this period, not between this period. In this period would be 21 days, whilst, Between this...

Hiya guys, Three weeks back went to an auction and bid for a DoH (Dept of Housing) House 3x1x1 Fibro in Western Sydney and purchased it for 184,000. At that price, it was a good deal. We paid the 10% deposit required and signed the Contract of Sale. On that day of sale, there were 14...

To the Finance Gurus on this Forum: What is TAE Gearing? We recently got knocked back on a Loan application. The Comments were: "As TAE gearing is well above what we are comfortable with especialllly given escalating debt level. We are not prepared to consider further increase in TAE at...

Hiya guys, My borrowing with Westpac is at the 2.0 mil mark and my current rates are at 6.51%. A question that pops in my head: Should I be looking to renegotiate at this stage with my banker? I read elsewhere in this forum that NAB's rates are at 6.39% (0.85 discount from 7.24%). Is...

Hiya Guys, Yesterday I was rejected by Bankwest's LMI QBE for a 90% Lend on our 9th IP. Was totally shattered. And still am. But we are now proceeding with a 80% Lend with Westpac. Luckily I do have the funds to complete this purchase and do know that we can get it across the line. BUT...

Seems that there is a Special offer from AFG until the end of this month, August. No LMI Premiums apparently for lends upto 90% Can anyone confirm?

Its that time of the Year..... Well I truly love July, August. Yes it is Spring time but then, there is more to it..... ATO Tax Refunds. I Just LOVE getting that Big Paycheck from Big Brother! All the hard yakkas put in through the year to pay every bill - various councils charges...