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It' not necessarily the best way to do things, but if you'e owned your own home in places like Sydney for 10 plus years, you've seen your home value double and thus you have huge amounts of equity. Whacking 70k on your home loan for a Merc c200 which may only add a $100 to your monthly home loan...

This.

Set it up with your accountant, but a word of caution, it would appear that the property market is at it's peak and thus you will be buying at the top of the market. If you are buying through one of those investment property companies you are down at least $30k before you start. Most SMSF...

The whole "you must buy new" to get all the depreciation and tax advantages I think is pretty disingenuous as well. What that means is that they usually sell you some "growth" area in some shithole outer suburb that is generally over supplied and won't make any capital gain for the next 10 plus...

Yep $20-$50k. Obscene. Don't be surprised when the bank values your property and shock horror, it's $20-$50k under value. Govt turns a blind eye, cause you know property is great for the economy, great Australian dream and all that. Properties are sold on Tax deductions not actual capital...

It's a god send for things like knee/Back/Hip surgery. If you need an op on your back, say to fix a bulging disc which causes sciatica and great pain, good luck getting it done in the public system in any any acceptable time frames. Had one done privately 3 years ago, all done within a few...

Assuming your both on around $113,000 you could salary sacrifice $19,000 each per year from July and save yourselves roughly $9,000 between you.

Why does anyone rent? You could pay off the house in 3 years?

That's like a 25% yield. Surely that can't be right?

1. Super isn't an investment, it's a tax startegy. 2. You can have a an LVR of 100% on shares... if you have equity elsewhere.

Wait a couple of months (actually March I think will be perfect) then fix half the loan for 5 years at what I'd expect to be around 5.5%. The variable rate may drop lower than this but I'd expect it to start rising again in the next 12 months. 5.5% is historically very low and for 5 years you...

What I think they are getting at and what i think you are saying is that once you've "retired" selling the property and getting it into super/allocated pension may be the best option. Why? Because if you need an income stream, and the rent you are getting from the investment property is not...

Can't you study or get a trade, all for free through the ADF?

I'll admit I sold them, not as a BDM but as an adviser, not in the mass quantities that some did, but mainly to high income earners who ran out of places to reduce tax. Let's face it, once you've maxed out your super contributions and done some negative gearing there are few other places to...

Were you a BDM at one of the said companies who were still promoting them even when you knew they were about to go belly up?

I don't think that is right.

Between $37,001 and $80,000 gets taxed at 32.5% plus 1.5% medicare levy. Anything you earn between $80,001 and $180,000 gets taxed at 37% plus 1.5% medicare levy, so effectively on the $20,000 you earn between $80k and $100k you are paying 4.5% more tax on. So in your pocket from that extra...

Yeah nah. This obsession now to totally back away from the concept of selling is actually total bullshit. Almost all professions sell themselves, doctors, lawyers, accountants etc and in many cases they do sell products as well as advice. Just like financial planners. The key is that...

Yep - $15,000 extra for the vendor is a hell of a lot more than the extra 1.5-2% for the seller. The difference between 2% of $485,000 and 2%$500,000 is negligible to the agent.

Yep. Autumn next year if I had to make a guess.

The only way I see a real big crash are both related to China/Asia. ie ther Chinese economy goes belly up and they stop buying our raw materials, plus further ramifications which would lead to a truely world wide rececession rather than a North Atlantic one, and also Asian investors cashing out...

The other day I had a real estate agent who was selling a house down the street knock on my door and proceed to tell me that he thinks the market will drop by 20% over the next few years which I thought was quite curious.

Middle of the road is stretching it a bit. I'd put it in the bottom quartile for sure.

Mawson Lakes. Pluses include it is relatively close to the CBD (maybe 10km?) and modern, if you are into that sort of thing. If you work north it is probably one of the better areas to live in. Has all the mod cons, serviced by a train line. Negatives: Plastic. Houses are very tight, close...

Depends what you are looking for. Surely work and lifestyle decisions would have to play a huge part? Do you have family, kids? Is a big Sri Lankan community (just assuming that's what you are due to user name) important? Do you want live in the burbs or closer to the action? Without...

12 is the new 14.

What seriously shits me is that every media story I have read on this always mentions Storm Financial. Our business is so far removed from what Storm did it's not funny. It's like everytime something is written about the medical fratenity they mention Dr Jayant Patel. The big winners out of...

Buy a flat - rent it out, live with your parents, pay as much off the flat as you can whilst living with parents, move into flat when living with your parents becomes too much, sleep with a lot of women.

Without knowing the ins and outs of your father's super fund/ insurance policy, I'd say he probably got paid out the the Total and Permanent Disability (TPD) lump sum payment. If this is the case, generally within industry super funds they are "linked" with the death benefit and it may be a...