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agent 86 said:year 2050.....
my accomodation needs will be very small and very cheap....
construction timber, say six feet long by two foot wide...
and well insulated from the extremes of weather.
A86
The Y-man said:Hmm.... or was it that all the kids got poisoned from the treated timber?
2050? Who waits 45 years for 'hot property'? In 45 years you have the potential to win and lose a multi-million property portfolio 4 times over.That's good news for people sitting on investment units - they'll be hot property by 2050.
Sailesh Channan said:The governments baby bonus may also cause an increase the number of families with kids. Therefore the demand for larger homes will always be there.
I am sure the government will keep such incentives going as we need a rising population to keep the economy going.
MichaelWhyte said:Sailesh,
How much is the baby bonus and is it means tested? And do you know of a website where I can read about all of the government incentives for us soon-to-be-parents?
Cheers,
Michael.
Sailesh Channan said:According to the last census data 74.6% of all occupied units were covered by a rental bond followed by 31.6% for townhouses and 16% for houses.
This was a snapshot of Brisbane. I know it does not represent all of Australia but I am sure the figures in other states will be along the same lines.
MichaelWhyte said:Sailesh,
How much is the baby bonus and is it means tested? And do you know of a website where I can read about all of the government incentives for us soon-to-be-parents?
Cheers,
Michael.
Lplate said:My 2c worth in haste..
Are they assuming that business will continue to be conducted in big buildings in the cbd? That assumption could prove incorrect.
IMHO there is a likelihood of inner city slums with druggies, prostitutes, gangs and other nasties ruling the night. Few parks - where would the land come from anyhow?
It is already dangerous (and dirty) walking the City streets after 6.00 pm.
Psychologists have a lot to say about the oppressive feelings of isolation, alienation and threat endured by people in highly populated cities. How does one develop a sense of community in a place with thousands of isolates living in cells? Everyone looks down as they pass so they don't become involved.
No, I don't think one could bet on apartments in the inner city being a desired location for people with money to spend.
MichaelWhyte said:Sailesh and Ebbie,
Thanks for the links, but it looks like we're not entitled to anything. The baby bonus only seems to be paid if your income reduces or some such criteria and is a token $500 I think.
I thought there was a one off birth bonus of around $3K that you were paid when you had a baby. Guess I was wrong... I might look into it a bit more once our new additiona arrives.
Thanks anyway,
Michael.
The Y-man said:You get $500 pa until the year the child turns 5 - i.e. 6 years = $3000
I believe it was done in this way so to encourage the money to be spent "for its intended purpose".
My reading is that the TAXABLE income must have reduced IF it is above $25k. May need to get a definition of "reduced" - i.e. does it have to be because of the baby. What happens if you suddenly decide to prepay a mountain of interest and take out other tax advantaged products.....
Cheers,
The Y-man