This Character can't make up his mind.
http://www.news.com.au/business/money/story/0,28323,25378732-5013951,00.html
http://www.news.com.au/business/money/story/0,28323,25378732-5013951,00.html
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They still had to prove serviceability which they did to get the loan.
Sorry, I don't agree in seeing a downturn..but that's just me.inflation when it kicks in is going to test FHB'ers repayments with interest rates rebounding to compensate for inflation..A way off yet but we may see a definite downturn when that happens.
Sorry, I don't agree with rents being at "ridiculous levels" either. Rents have merely risen to get back to the 5.x% gross yield they always trend to. It is just part of the whole cycle.That would definitely kick the building market along and may ease the rent stress with prices at ridiculous levels....
Well Yes - well said. But it will always be that way if you compare rental yield to purchase price of a long time ago.Many investors are currently making an absolute killing with rents on property they own outright or purchased many years ago..its all cream! rightly earned by investing wisely!
Yes, unfortunately your buy & sell strategy is a trading strategy not an investment strategy.Investment is long term, sit and hold usually reaps rewards..unfortunately i dont operate that way personally...i buy and sell depending on the market conditions..
I agree. I'd even go as far to say that I'd like to see PAYG tax eliminated altogether in favour of a higher GST on consumption of everything with compensation payments increased for those on welfare. That way you could earn your socks off & save (novel idea) and only pay tax as you spend. But this is a bit off topic.Id also like to see the govt bring in legislation regarding employees who work overtime give tax breaks..also those casual employees who are holding down two jobs to pay the bills given breaks with tax..as it stands now they are taxed way to heavy....
I'd even go as far to say that I'd like to see PAYG tax eliminated altogether in favour of a higher GST on consumption of everything with compensation payments increased for those on welfare. That way you could earn your socks off & save (novel idea) and only pay tax as you spend. But this is a bit off topic.
I'm sure if you read that somewhere it would have been a joke.I wander if there will be a first investor buyer grant. There was some talk of that. That would be cool if that came in! I could use the $7 K as half of my deposit. Anyone have any links to where this was discussed before?
I'm sure if you read that somewhere it would have been a joke.
Otherwise I'll have some cash to buy some Lihir thanks
You are of course quite correct GR. Look what happened when they introduced the gst and then 'forgot' to reduce all the other state taxes and stamp duties that were supposed to be removed over the years following.they increase the vat or gst and just forget to reduce income tax
Yes, and that's the other probelm with any tax, icluding the gst. Once in place, as it is, when the govt. needs more cash, you just go to the gst and rachet it up a notch. Actually, that was my main opposition to it back in 2000 - the fact that successive govts can just increase it as needed.polys have a problem they just can't reduce a tax if its there it has one way and one way only and thats up
You are of course quite correct GR. Look what happened when they introduced the gst and then 'forgot' to reduce all the other state taxes and stamp duties that were supposed to be removed over the years following.
Yes, and that's the other probelm with any tax, icluding the gst. Once in place, as it is, when the govt. needs more cash, you just go to the gst and rachet it up a notch. Actually, that was my main opposition to it back in 2000 - the fact that successive govts can just increase it as needed.
I am really surprised that the GST rate has remained at 10% for this long - maybe I shouldn't talk too loudly.
I did not know this - not my area of expertise at all But if it is as you say, then I would have thought that with Labor Govts all round, both state & federal, it would be an easier task. (Do we still have all state Labour govts?)An increase in the GST needs to be endorsed by all the States as well as the Commonwealth.
It might be less "problematic" when we get out the other side of the GFC and see the massive debt (wisely limited to $200B by K Rudd according to the news this week) that has to be repaid - or at least servicedThe fact that it has not been increased since its introduction is a good indication that the statutory criteria to increase the GST is very problematic for any Federal government.
I did not know this - not my area of expertise at all But if it is as you say, then I would have thought that with Labor Govts all round, both state & federal, it would be an easier task. (Do we still have all state Labour govts?)
It might be less "problematic" when we get out the other side of the GFC and see the massive debt (wisely limited to $200B by K Rudd according to the news this week) that has to be repaid - or at least serviced