And remember that $9k average figure includes other non-cash flow related deductions like building depreciation and so on. For investors in new builds those can be substantial deductions, meaning they can be cash-flow positive whilst still claiming a significant tax deduction each year.
Actually, it doesn't even need to be a very new build. I just got the Quantity Surveyor report for a 1-bed (rented unfurnished) Unit built in 1992 and allowable depreciation is just over $4k for 2012. About $2.5k is for the building itself, the rest is for various fittings.
That's a big chunk of $9k.
The truth will set you free. But first, it will piss you off. --Gloria Steinem AREPS™
And remember that $9k average figure includes other non-cash flow related deductions like building depreciation and so on. For investors in new builds those can be substantial deductions, meaning they can be cash-flow positive whilst still claiming a significant tax deduction each year.
Actually, it doesn't even need to be a very new build. I just got the Quantity Surveyor report for a 1-bed (rented unfurnished) Unit built in 1992 and allowable depreciation is just over $4k for 2012. About $2.5k is for the building itself, the rest is for various fittings.
That's a big chunk of $9k.
Yes, a lot of small investors don't understand the value of a QS report.
Any expressed market opinion is my own and is not to be taken as financial advice
I think the poor grammar in the title and resorting in insults over logic says it all. moops is feeling defensive and desperate
The fact that everyone who replied was a bull shows how desperate the bulls are.
The host has bought some aeroguard and is going to exterminate you.
The poor grammar was intentional. Idiot.
stinkbug omosessuale Frank Castle is a liar and a criminal. He will often deliberately take people out of context and use straw man arguments. Frank finally and unintentionally gives it up and admits he got where he is, primarily via dumb luck! See here Property will be 50-70% off by 2016.
My loan repayments have dropped considerably putting more CASH in my back pocket Tenants rents going up has added some more
How about your savings mop's? Have their rate increased or decreased?
You told how your centerlink tennants pay your rent, so will assume you had a massive increase on top of your massive rents.
So you pay tax to the government , they give it to somebody else who is renting your property and they give it back to you and then you pay tax on this again. This sounds like the governments genius at work again at others expense. Thanks for pointing that out to me.
You told how your centerlink tennants pay your rent, so will assume you had a massive increase on top of your massive rents.
So you pay tax to the government , they give it to somebody else who is renting your property and they give it back to you and then you pay tax on this again. This sounds like the governments genius at work again at others expense. Thanks for pointing that out to me.
So through some good investments, Frank can claw back some of the taxes that we all pay via his tenants. Seems like a smart move.
Vested interests like yourself are shitting yourselves.
You've admitted in several other threads that you're holding out for a massive crash so that you can afford to buy a house - that hardly sounds like you're indifferent as to whether there is a crash or not.
It might do that, what they don't tell you is in the long run low rates will most likely lead to a lower quantity of money for future loans.
Money is an account keeping device, the real 'wealth' is the goods and services produced. The 'wealth' available for loan is the 'surplus' goods and services the producer creates but cannot consume themselves. With a low and even negative return on investment, eventually producer output will decline.
That's what zero bound rates will do if around for too long and will create economic disaster.
The next trick of our glorious banks will be to charge us a fee for using net bank!!! You are no longer customer, you are property!!!
It might do that, what they don't tell you is in the long run low rates will most likely lead to a lower quantity of money for future loans.
Money is an account keeping device, the real 'wealth' is the goods and services produced. The 'wealth' available for loan is the 'surplus' goods and services the producer creates but cannot consume themselves. With a low and even negative return on investment, eventually producer output will decline.
That's what zero bound rates will do if around for too long and will create economic disaster.
Is zero-bound rates the cause or the symptom?
The truth will set you free. But first, it will piss you off. --Gloria Steinem AREPS™
It certainly could happen at times, an oversupply of goods and service (or an oversupply of the wrong ones). Although under the BOE's gold standard the lowest they ever had was 2%, and general rate of 3.5% in the 19th century. Although with gold in the equation the oversupply disappears because people start wearing it instead of banking it.
The next trick of our glorious banks will be to charge us a fee for using net bank!!! You are no longer customer, you are property!!!
Australian Property Forum is an economics and finance forum dedicated to discussion of Australian and global real estate markets and macroeconomics, including house prices, housing affordability, and the likelihood of a property crash. Is there an Australian housing bubble? Will house prices crash, boom or stagnate? Is the Australian property market a pyramid scheme or Ponzi scheme? Can house prices really rise forever? These are the questions we address on Australian Property Forum, the premier real estate site for property bears, bulls, investors, and speculators. Members may also discuss matters related to finance, modern monetary theory (MMT), debt deflation, cryptocurrencies like Bitcoin Ethereum and Ripple, property investing, landlords, tenants, debt consolidation, reverse home equity loans, the housing shortage, negative gearing, capital gains tax, land tax and macro prudential regulation.
Forum Rules:
The main forum may be used to discuss property, politics, economics and finance, precious metals, crypto currency, debt management, generational divides, climate change, sustainability, alternative energy, environmental topics, human rights or social justice issues, and other topics on a case by case basis. Topics unsuitable for the main forum may be discussed in the lounge. You agree you won't use this forum to post material that is illegal, private, defamatory, pornographic, excessively abusive or profane, threatening, or invasive of another forum member's privacy. Don't post NSFW content. Racist or ethnic slurs and homophobic comments aren't tolerated. Accusing forum members of serious crimes is not permitted. Accusations, attacks, abuse or threats, litigious or otherwise, directed against the forum or forum administrators aren't tolerated and will result in immediate suspension of your account for a number of days depending on the severity of the attack. No spamming or advertising in the main forum. Spamming includes repeating the same message over and over again within a short period of time. Don't post ALL CAPS thread titles. The Advertising and Promotion Subforum may be used to promote your Australian property related business or service. Active members of the forum who contribute regularly to main forum discussions may also include a link to their product or service in their signature block. Members are limited to one actively posting account each. A secondary account may be used solely for the purpose of maintaining a blog as long as that account no longer posts in threads. Any member who believes another member has violated these rules may report the offending post using the report button.
Australian Property Forum complies with ASIC Regulatory Guide 162 regarding Internet Discussion Sites. Australian Property Forum is not a provider of financial advice. Australian Property Forum does not in any way endorse the views and opinions of its members, nor does it vouch for for the accuracy or authenticity of their posts. It is not permitted for any Australian Property Forum member to post in the role of a licensed financial advisor or to post as the representative of a financial advisor. It is not permitted for Australian Property Forum members to ask for or offer specific buy, sell or hold recommendations on particular stocks, as a response to a request of this nature may be considered the provision of financial advice.
Views expressed on this forum are not representative of the forum owners. The forum owners are not liable or responsible for comments posted. Information posted does not constitute financial or legal advice. The forum owners accept no liability for information posted, nor for consequences of actions taken on the basis of that information. By visiting or using this forum, members and guests agree to be bound by the Zetaboards Terms of Use.
This site may contain copyright material (i.e. attributed snippets from online news reports), the use of which has not always been specifically authorized by the copyright owner. Such content is posted to advance understanding of environmental, political, human rights, economic, democratic, scientific, and social justice issues. This constitutes 'fair use' of such copyright material as provided for in section 107 of US Copyright Law. In accordance with Title 17 U.S.C. Section 107, the material on this site is distributed for research and educational purposes only. If you wish to use this material for purposes that go beyond 'fair use', you must obtain permission from the copyright owner. Such material is credited to the true owner or licensee. We will remove from the forum any such material upon the request of the owners of the copyright of said material, as we claim no credit for such material.
Privacy Policy: Australian Property Forum uses third party advertising companies to serve ads when you visit our site. These third party advertising companies may collect and use information about your visits to Australian Property Forum as well as other web sites in order to provide advertisements about goods and services of interest to you. If you would like more information about this practice and to know your choices about not having this information used by these companies, click here: Google Advertising Privacy FAQ
Australian Property Forum is hosted by Zetaboards. Please refer also to the Zetaboards Privacy Policy