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She's gunna blow; Just we aren't quite sure when ...
Topic Started: 7 Oct 2013, 09:07 PM (2,956 Views)
Blondie girl
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herbie
8 Oct 2013, 08:48 AM
I do find it one of the bulls' more compelling arguments - The fact that guv is SO far into housing (in particular land I think?) for taxes that they simply can not and will not let the sucker blow. And if it should blow regardless (as it well may) they'll be throwing everything at propping it up again it a HELL of a hurry.

Nevertheless, I also attempt to weigh that against the EVEN bigger picture consideration, that ultimately 'free markets' will win out - Though yep, it CAN take a bloody long time ... :re:

Question is though, should one LEVERAGE into it knowing all of this, or not? Timing, timing, timing; Speculation, speculation, speculation ...
Herbs,
Property owners do have to pay considerable taxes.
If its not the land tax of a piece of vacant land. It's something else

I am paying thousands in the quarterly ATO PAYG tax installments that I'm seriously considering whether it's going to be worth my while to NG again.

The question of leverage ? you do it if you can afford it yes it's timing, but also the location and price.

Newjerk? can you try harder than dig up another person's blog. My first promo was with Billabong and my name in English is modified with a T, am Perth born but also lived in Sydney to make my $$
It's Absolutely Fabulous if it includes brilliant locations, & high calibre tenants..what more does one want? Understand the power of the two "P"" or be financially challenged
Even better when there is family who are property mad and one is born in some entitlements.....Understand that beautiful women are the exhibitionists we crave attention, whilst hot blooded men are the voyeurs ... A stunning woman can command and takes pleasure in being noticed. Seems not too many understand what it means to hold and own props and get threatened by those who do.
Banks are considered to be law abiding and & rather boring places yeah not true . A bank balance sheet will show capital is dwarfed by their liabilities this means when a portions of loans is falling its problems for the bank.
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herbie
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Blondie girl
8 Oct 2013, 11:42 AM
Herbs,
Property owners do have to pay considerable taxes.
If its not the land tax of a piece of vacant land. It's something else

I am paying thousands in the quarterly ATO PAYG tax installments that I'm seriously considering whether it's going to be worth my while to NG again.

The question of leverage ? you do it if you can afford it yes it's timing, but also the location and price.
I paid about $90K in personal income tax last financial year Blondie. Plus I helped out our poor needy pollies by paying GST and all the other less obvious taxes as well of course. And my SMSF got to make a contribution to their wellbeing too. So yes, I empathise a bit re the tax thing. (Ferk; And they wonder why a bloke doesn't WANT to work!?!)

Not sure neg gearing property is the smart approach though? Recall reading once that the 'typical' neg gearer needs 6% pa capital gain to break even???

But anyway, if you've not done so, check out buying debt free property in the name of a SMSF maybe? (Rider: I'm not a fan of super at all really; But given we're stuck with it, I try to make the best/most of it.)
Edited by herbie, 8 Oct 2013, 02:50 PM.
A Professional Demographer to an amateur demographer: "negative natural increase will never outweigh the positive net migration"
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stinkbug
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herbie
8 Oct 2013, 02:49 PM
I paid about $90K in personal income tax last financial year Blondie. Plus I helped out our poor needy pollies by paying GST and all the other less obvious taxes as well of course. And my SMSF got to make a contribution to their wellbeing too. So yes, I empathise a bit re the tax thing. (Ferk; And they wonder why a bloke doesn't WANT to work!?!)

Not sure neg gearing property is the smart approach though? Recall reading once that the 'typical' neg gearer needs 6% pa capital gain to break even???

But anyway, if you've not done so, check out buying debt free property in the name of a SMSF maybe? (Rider: I'm not a fan of super at all really; But given we're stuck with it, I try to make the best/most of it.)
We're very similar. My views on super are the same also.
---------------------------------------------------------------

While it's true that those who win never quit, and those who quit never win, those who never win and never quit are idiots.

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miw
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herbie
8 Oct 2013, 08:48 AM
I do find it one of the bulls' more compelling arguments - The fact that guv is SO far into housing (in particular land I think?) for taxes that they simply can not and will not let the sucker blow. And if it should blow regardless (as it well may) they'll be throwing everything at propping it up again it a HELL of a hurry.
That, and the fact that they can't afford to go back to a social housing system that has any real impact. Even the NRAS system looks like a scam to get revenue out of "public housing" to me.
The truth will set you free. But first, it will piss you off.
--Gloria Steinem
AREPS™
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goldbug
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Australia certainly needed more housing a decade ago and we should be grateful for the aussies who stepped up and bought all those investment properties new and old. Whether or not it turns out to be a good investment for them is another matter.
Shadow was hopelessly wrong about the Gold Bull Market.
What else is he wrong about?
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Blondie girl
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herbie
8 Oct 2013, 02:49 PM
I paid about $90K in personal income tax last financial year Blondie. Plus I helped out our poor needy pollies by paying GST and all the other less obvious taxes as well of course. And my SMSF got to make a contribution to their wellbeing too. So yes, I empathise a bit re the tax thing. (Ferk; And they wonder why a bloke doesn't WANT to work!?!)

Not sure neg gearing property is the smart approach though? Recall reading once that the 'typical' neg gearer needs 6% pa capital gain to break even???

But anyway, if you've not done so, check out buying debt free property in the name of a SMSF maybe? (Rider: I'm not a fan of super at all really; But given we're stuck with it, I try to make the best/most of it.)
Thank you for your input, I will be checking options with those I'm associated with.

Newjerk? can you try harder than dig up another person's blog. My first promo was with Billabong and my name in English is modified with a T, am Perth born but also lived in Sydney to make my $$
It's Absolutely Fabulous if it includes brilliant locations, & high calibre tenants..what more does one want? Understand the power of the two "P"" or be financially challenged
Even better when there is family who are property mad and one is born in some entitlements.....Understand that beautiful women are the exhibitionists we crave attention, whilst hot blooded men are the voyeurs ... A stunning woman can command and takes pleasure in being noticed. Seems not too many understand what it means to hold and own props and get threatened by those who do.
Banks are considered to be law abiding and & rather boring places yeah not true . A bank balance sheet will show capital is dwarfed by their liabilities this means when a portions of loans is falling its problems for the bank.
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