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- 3 July 2009
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I think you are right, oops don't take that the wrong way.
I think you are right, oops don't take that the wrong way.Geez, I've been beating this drum for yonks. Let's bring on this Recession, preparedness first, clear out the deadwood Companies, then we can all start making some easy money again.
Geez, I've been beating this drum for yonks. Let's bring on this Recession, preparedness first, clear out the deadwood Companies, then we can all start making some easy money again.
I've never liked the idea of holding property in the SMSF, however if the crash is big enough, my mind could be changed.Seems they prefer a bushfire as a way to clear deadwood.
Firesales aren't bad for those with the cash though.
I've never liked the idea of holding property in the SMSF, however if the crash is big enough, my mind could be changed.
No CG in the super, oh well there is more than one way to skin a sausage (bit of PC)
It's fat ducks like you, that are giving the rest of us SMSF retirees, look bad.Have quite a bit but not Domestic.
Commercial one of which is my place of business.
Returning $100K a year into the fund.
You get to a point where you cant put any more in /year!
Have quite a bit but not Domestic.
Commercial one of which is my place of business.
Returning $100K a year into the fund.
You get to a point where you cant put any more in /year!
I've never liked the idea of holding property in the SMSF, however if the crash is big enough, my mind could be changed.
No CG in the super, oh well there is more than one way to skin a sausage (bit of PC)
I hope things over East don't accelerate too quickly, AV Jennings 90% drop in profit seems a lot.
https://www.smh.com.au/business/com...lampdown-for-profit-dive-20190211-p50wxk.html
A relative who was a real estate agent, told me if it has sold in 6 weeks, it is priced wrong.House next to me selling for $890-990k.
A year ago it would have fetched $1.4 mill. Good block, big house..... been on the market 2 weeks so far. The one across the road is trying to get $1.2mill, but good luck with that. Been on the market 4 months now.
I'm seeing a slide of $300k plus on some houses in my area from the peak about a year ago.
Building is starting to slide. Once it goes here, Sydney will be affected.
But keeping a watch on immigration and how many dwellings are available will be important. Every time you think housing is going off a cliff, they let more rich immigrants in. And its an endless supply to tap.
That should read, has not sold in 6 weeks,A relative who was a real estate agent, told me if it has sold in 6 weeks, it is priced wrong.
The immigrant thing is true, but I think from what I've read, Sydney and Melbourne are at capacity regards infrastructure.
Yeah, he wants way too much for it. He missed the top.A relative who was a real estate agent, told me if it has sold in 6 weeks, it is priced wrong.
The immigrant thing is true, but I think from what I've read, Sydney and Melbourne are at capacity regards infrastructure.
That's true, but because they used housing as a buffer, when the mining boom bust, they didn't put limits on where migrants could go to.Yeah, he wants way too much for it. He missed the top.
Immigration and government intervention is what can throw you. They have been ramping "big australia" for years. We are probably only halfway of where they want to be.
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