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  1. #241
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    Default Negative Gearing - Politics talk

    @witherwings @Elijahsmum love it! You both speak so much sense!

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    witherwings  (08-03-2016)

  3. #242
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    Quote Originally Posted by witherwings View Post
    Of course if you buy a $1.4m house you won't be able to get a good return on it. But who buys 1.4m houses as an investment property?
    If a house is available for rent online, that is probably because the owner/occupier had moved out for some unforeseen circumstances, such as work relocation or some other reason: buying such an expensive property with obviously low rental return is not smart.
    $1.4 is fairly average in the inner city for both family sized units and terraces. You can easily get $1200 a week for them so depending on deposits it's not a bad investment at all.

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    witherwings  (08-03-2016)

  5. #243
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    Quote Originally Posted by NancyBlackett View Post
    $1.4 is fairly average in the inner city for both family sized units and terraces. You can easily get $1200 a week for them so depending on deposits it's not a bad investment at all.
    I agree! a good investment doesn't just happen. You can't just buy property anywhere and expect to get wealthy. If you spend $1.4m in the inner city, you're going to get high rent and high capital growth. If you spend that same $1.4m in the western suburbs you are looking at a completely different outcome.

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    NancyBlackett  (08-03-2016)

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    Quote Originally Posted by witherwings View Post
    Of course if you buy a $1.4m house you won't be able to get a good return on it. But who buys 1.4m houses as an investment property?
    If a house is available for rent online, that is probably because the owner/occupier had moved out for some unforeseen circumstances, such as work relocation or some other reason: buying such an expensive property with obviously low rental return is not smart.
    Yep this is what happened to us we had to move from our owner occupied house for work relocation. So now we negative gear our house and rent.

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    https://www.facebook.com/domain.com....53602349944671

    Slightly off topic but if you believe the data, it looks like prices are falling. Possibly due to confidence levels down, or maybe just the economy going to Sh!t

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    This article is from 2014 but it popped up in my Facebook newsfeed.

    It says that the statistics that state that most investors earn $80k or under is very misguided because they in fact do count the income after losses, not before. Some people with investment properties earn $20k or less. You can't service a property loan if your taxable income is $20k!

    http://mobile.abc.net.au/news/2014-0...earers/5766724

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    Either way this will lose labor the election.

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    Quote Originally Posted by Janesmum123 View Post
    Either way this will lose labor the election.
    I don't think they will win anyway with or without this policy.

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    SSecret Squirrel  (25-04-2016)

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    Quote Originally Posted by BigRedV View Post
    I don't think they will win anyway with or without this policy.
    Yeah they don't stand a chance with Shorten at the helm.

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    I don't think there has been a decent PM since Johnny Howard. Not sure who I'll vote for, they all seem crap


 

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