Brett is a big girl's blouse......

Yep, I actually looked at a place in Pleasant View a few years back and in fact its back on the market. Not enough car spots and I like the court for the boys to safely ride their bikes. I like 1 Fairview Ave.

That new white joint on Gallagher's Road round the corner from me they were asking $3.2 and were offered $2.5 and its only 800m2. Ridiculous money.

 

thats stupid money for a 800sq block with home .this is around the corner from me similar size block,quality home asking 2,950,000,I reckon 2,750,000 would buy it.
BTW great roads for the 308 on the next carb run.
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Now we are talking.

I'm also looking forward to doing that Reefton to Maysville drive in my 308 but will turm right and head towards Lake Mountain, that road looks awesome.

I'll invite Lawyer boy as well if he can give up the grog. Don't like hanging around heavy drinkers.

 

thats a good drive,its well policed.
IMO the roads we found today,which are on your side of town were as good as I've driven.

 

Just looks like another box on a main road to me. I actually looked at Kew when I first came to live in Melbourne as that's where the boss lived so assumed it was a good area. Too far from Dandy Sth where I worked. At the time could only afford a unit and from memory it was in Brougham Street and ended up not buying it.

 

not on a main road,very nice home of about 25 years old.
The macmansion crap is taking over,concret bricks and rendoured,very tacky.

 

Yawn, that says it all.

Lovely house! Look at that render!

Did someone say render?

 

I'm getting concerned because I agree with you again.

Also with all the taxes on property you're porbably right to have your money in your own property and downsize later in life.

Tax always strangles an economy, governments are too stupid to work that out. The speeding fines in VIC are a good example. The $500 million they collect each year just gets consumed and wasted in the good old consolidated revenue. Imagine what $500 million would do to the local economy if spent on goods and services?????????

 

rolls eyes,these people in 5 mins could tell yo more about property then you will ever learn in your own lifetime.
just think an 8 storey building in east melb bought pre capital gain tax and sold some 25 years latter,thats serious capital gain.
render and concret bricks 30 years from now a pull down job.
My home is blue stone foundation,double brick and 130 years old,it will still be here in 200 years.

 

plenty of houses with excellent a/c in that street.

and a big retirement village with great a/c as well nearby.

 

great roads today.,some a little narrow and rough,but great 3rd and 4th gear runs and great views.
Drive will be about 140ks down there and about 120ks back.Will email route map.

 

Not that anyone is concerned, but, I can confirm no blisters.

 

can you drive in bare feat,I've tried it and feel not in control.

 

you're right.

 

You're checking his feet now?

 

I only did it out of necessity Bobby. This was a once in a lifetime opportunity to drive an amazing car, one of only a few in the world. It was hard to heel and toe because you don't have the width of a shoe base and my feet were burning. I got by OK but for sure would have preferred to have had shoes.

I didn't for minute think i was going to be given the opportunity to drive it so when I was called I put on shorts as I knew it would be hot. I also then put on the Berkie's to again reduce the temperature plus I thought I'd look silly with shoes (PP don't comment). I have now learnt.

 

only for taste.

 

I never intended to sell my properties and I am sure/hope my kids dont sell either. So I dont care much for CGT and I wont downsize, I will just move into one of my smaller properties.

Bring on capital growth, 10% average growth, over 30 yrs, over 10+ properties and I will be 1,000,000 times better off than some schmuck who buys a house for $1M (not too many can even do that, so lets say a $500K home), pays it off over 25 yrs and is debt free come retirement time. Thats crap and WAY too boring.

I intend to live on my $10K+ pw rental income from my rentals when I retire. That combined with millions in equity (hopefully) I reckon I should be right.

I doubt it......

No doubt, no doubt!

But was obviously something wrong with it if it was never occupied, rent didnt cover costs etc..etc. I told ya RE was for some people and not others.

Im glad to hear your friend got out of it. I bet the new owner/s now are cashing in.

Lol.

Sounds good, and my offer still stands............$500K cash!

Not what I heard........

Phew, glad to hear. I was worried.

Me either. Pappy needs shoes or sandles on his feet.

When I drove JM's 308. He recommended driving it with no shoes on. Was awkward because I always drive with shoes on.

I was wearing sandles that day, but if I was wearing my Everlast shoes, they would have been perfect. Thats what I normally wear when I drive the 348.

 

I was of the understanding that any asset acquired pre-CGT was exempt from CGT providing no improvements have been made to it?

 

Yep, thats what he said.

 

So basically, the people with 'old money' are the ones who win from having properties forever?

 

This is the car he wants. This driver uses a clutch if you look very closely. Amazing driving ability and skill, no driver aids at all.

[ame]http://www.youtube.com/watch?v=sY--2UTzom4[/ame]

 

Lol, pre 86 dont pay CGT when they sell.

And you dont pay CGT on the house you live in nowdays.

You pay CGT on investment properties, but the % of tax drops over the years, the longer you own it.

I also read a few years ago they are *trying* to void CGT for retirees. Because at the end of the day, some people will sell their investment property to use that money to fund their retirement. So they are trying to void CGT for retirees over 65 yrs old that sell their investment properties.

But dont let that stop you man. Still plenty of money to be made from property if buy in the right location, follow the basic rules of "buy and hold" and be smart about it all.

 

he seemed quite happy too.

 

Wow! Full on! Looks like a lot of hard work.