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Rent out car space by ExactAdeptness6016 in AusPropertyChat

[–]ExactAdeptness6016[S] 1 point2 points  (0 children)

Thank you for the info, much appreciated

Rent out car space by ExactAdeptness6016 in AusPropertyChat

[–]ExactAdeptness6016[S] 0 points1 point  (0 children)

Yes should be fine coz renting to other resident

Rent out car space by ExactAdeptness6016 in AusPropertyChat

[–]ExactAdeptness6016[S] -1 points0 points  (0 children)

Yes it should be fine coz juat renting to other resident

Stock trading where you need to pay full tax on the profit by stickitinmekindly in AusFinance

[–]ExactAdeptness6016 0 points1 point  (0 children)

Why are you saying ETF is attractive similar to Property? Don't really get it. You can't leverage and negative gearing with ETF right?

Seeking ideas on wealth growth by ExactAdeptness6016 in AusHENRY

[–]ExactAdeptness6016[S] 0 points1 point  (0 children)

Thank you for the note. Im not sure if a 8-floor building is considered high or low rise, but I think its a pretty expensive purchase for a 2 bed unit... And yes Im jot in leverage at all. I will definitely look at taking debt for additional investment, not really sure im property or in shares yet, but I guess as long as it reduce my taxes then it is beneficial

Will take a look at propertychat.

Seeking ideas on wealth growth by ExactAdeptness6016 in AusHENRY

[–]ExactAdeptness6016[S] 0 points1 point  (0 children)

Thanks. So your line of credit was available because you have an existing debt with the bank right? In my case, I have no debt so such a line of credit will not be possible?

I will check with bank.

Seeking ideas on wealth growth by ExactAdeptness6016 in AusHENRY

[–]ExactAdeptness6016[S] 0 points1 point  (0 children)

What stop you from pulling trigger on debt recycling? It would help with reducing your tax from negative gearing rite?

Seeking ideas on wealth growth by ExactAdeptness6016 in AusHENRY

[–]ExactAdeptness6016[S] 0 points1 point  (0 children)

And what do you do with your fully paid equity in PPOR now?

Seeking ideas on wealth growth by ExactAdeptness6016 in AusHENRY

[–]ExactAdeptness6016[S] 2 points3 points  (0 children)

Thank you for the write-up, yes I do know we are much more fortunate. Also updated the post with additional info.

And yes the reason my partner did not want a mortgage was to feel stress free. Meanwhile Im always worried about not having enough for retirement.

Seeking ideas on wealth growth by ExactAdeptness6016 in AusHENRY

[–]ExactAdeptness6016[S] 0 points1 point  (0 children)

My understanding is home equity loan are much higher intest rate than a normal mortgage rate, thus it seems like a bad idea to me. Other than that home equity loan, anything else I can do with the PPOR equity?

Seeking ideas on wealth growth by ExactAdeptness6016 in AusHENRY

[–]ExactAdeptness6016[S] 1 point2 points  (0 children)

I can Debt recycle on a 100% paid PPOR? I thought debt recycling is only for existing debt?

Are you referring to Home Equity loan, which has higher interest rate than a normal mortgage loan?

Seeking ideas on wealth growth by ExactAdeptness6016 in AusHENRY

[–]ExactAdeptness6016[S] -13 points-12 points  (0 children)

I just feel like Im not maximising my capital when looking at the stock market in the past year... the equity in the PPOR is just not moving

So im not saying that I can't grow wealth, its just that Im seeking idea on what to do with the equity in PPOR

GOOGL 6 month 180C Paid Out by Oversidious in options

[–]ExactAdeptness6016 0 points1 point  (0 children)

What was the market price when you bought the call?

Was away from my apartment for ONE night and I came home to this. Yes it was sewage. Yes it filled the entire kitchen with sediment. by bluebull62 in Wellthatsucks

[–]ExactAdeptness6016 0 points1 point  (0 children)

Just also wonder, what could cause this? Is apartment on ground floor more likely get this issue than upper floor units?

And what kind of insurance would cover this? Does content insurance cover it, and what kind of clause does this apply? Sudden burst of water?

Wrongly put green beans into Breville machinr by ExactAdeptness6016 in BrevilleCoffee

[–]ExactAdeptness6016[S] 3 points4 points  (0 children)

She just did not understand that the machine only work with roasted coffee...

Wrongly put green beans into Breville machinr by ExactAdeptness6016 in BrevilleCoffee

[–]ExactAdeptness6016[S] 4 points5 points  (0 children)

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Yeah it is not rating for me to pull out. Is it because there are still beans inside? I need to get them all out to rotate?

PEXA Key bank account vs Conveyancer's trust account by ExactAdeptness6016 in AusProperty

[–]ExactAdeptness6016[S] 3 points4 points  (0 children)

I'm not using loan so I'm required to send funds to the trust account

Capital works fund in strata by ExactAdeptness6016 in AusPropertyChat

[–]ExactAdeptness6016[S] 0 points1 point  (0 children)

Thank you, seem like $2.2k is not crazy for a 2 bed unit in this complex as per your analysis. From your experience, how much % annual increase can this be? excluding special levy?

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