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Nope, it was a family member who has owns a few properties.I bet the bank employee told you that.
They all get commission you know.
Awesome, I'll just leave $10 on it and park it once I get to that stage. Thanks for the heads up. I was told to leave like $20k or $30k on it and then park it, but a minuscule amount sounds even better.Once you pay the final fees and discharge the Mortgage, that's when you're done with them, until it's discharged they will hang on to the title. They'll never shut you out as a customer while they hold the title.
I’m not sure if your post was intended as a humour and/or it is serious. But if you are seriously considering a major investment, definitely go in with your own eyes open and don’t rely purely on the advice or financial planners or others. I believe it is important to understand the numbers yourself rather than simply take the ”it’ll all be fine” from an advisor.
I’d suggest setting up a spreadsheet to model any possible scenarios, and to calculate all the income, outgoings, and all the taxes (and tax benefits) associated with each transaction. The taxation is probably the complicated part, but all the tax information should be available on the ATO website (along with how they are calculated). It can become quite involved, but I do think it is good to be full across all the numbers.
I would also suggest doing the same modelling but with using a standard industry fund superannuation as the investment vehicle and see how the numbers stack up as well. The tax on superannuation can be somewhat complex too as super can fall in to four different taxation buckets (’taxed-taxed’, ‘untaxed-taxed’, etc.) and have different tax implications for contribution, earnings, and the benefit at the time of withdrawal.
Or combine both and enter property investment under a superannuation umbrella.
Both property investment and superannuation have tax benefits, but they are quite different investments and quite different risks.
In a nutshell - go in with your own eyes wide open.
A good friend of my mother is a renting pensioner and is enjoying her life....
Don't move to QLD. My ute costs not far short of $1300. Even the ve that I get discount for being a pensioner is $832. The vh is ok at $240 on club rego.Anyway back to what pisses you off .
I got my NSW RMS part of rego for the CV8 today FXXK = $621 = fxxk = means rego total cost will be at least a few dollars north of $970 !!!
Wholll, only $713 here on full rate. If I had a pension card or health card I would get it for about $500 or less. Down here if you have a ute for private use and hold a concession card you get the normal discount plus another $75 or so off.Don't move to QLD. My ute costs not far short of $1300. Even the ve that I get discount for being a pensioner is $832. The vh is ok at $240 on club rego.
Thanks for the heads-up.Anyway back to what pisses you off .
I got my NSW RMS part of rego for the CV8 today FXXK = $621 = fxxk = means rego total cost will be at least a few dollars north of $970 !!!
Not sure what link you want but try a search forlol.....got a link ?