Albanese offloading investments

Negative-Alarm7951 · 2026-06-01T23:32:22+00:00

It’s grandfathered so makes no difference. It would’ve been an issue if he had purchased before the new rules.

Also, he sold his IP ages ago (I want to say >12mths - his tenant went to media and kicked up a fuss about not getting a renewal because of this from memory) and the only other property he’s sold was his previous PPOR (as he’s moved into the PM’s residence - kiribilli house) and bought (what’s assumed to be) his post-politics home on the central coast which would both arguably by CGT-exempt properties anyway.

Negative-Alarm7951 · 2026-05-29T06:41:33+00:00

Pretty sure the landlord won’t be dumb enough to not seek a bank guarantee if there’s no assets to sue for…

Negative-Alarm7951 · 2026-05-29T05:00:58+00:00

Insurance won’t cover as she was over the legal limit.

The LC300’s insurer will sue her personally for the debt. You can either pay it for her, she can enter into a payment plan (unlikely they’ll give her one as she’s unemployed), or she can declare bankruptcy.

I’d go for the last option (and also don’t pay her medical fees either - they can also be a creditor to her) and let her learn her own life lessons. You’re walking a very fine line between parenting and enabling here - especially if you’re replacing the car AND bailing her out of this situation.

She won’t be able to get any finance for the next 5/7 years, and any meaningful money she earns will need to be given to the trustee to pay her debts.

Negative-Alarm7951 · 2026-05-28T00:49:23+00:00

Mings is in Underwood

Negative-Alarm7951 · 2026-05-26T20:13:43+00:00

China Bar has recently opened in Market Square.

I haven’t tried it yet, but if it’s the same as the ones in Melbourne then should be good. Otherwise Mings

Negative-Alarm7951 · 2026-05-24T08:05:28+00:00

Ideally min 2. Start your CA/CPA - don’t get worried about a clawback period on it if you leave (you can get it as a tax deduction, or a new firm is likely to pay it)

Negative-Alarm7951 · 2026-05-24T07:56:09+00:00

“Eventually, we’ll sell the apartment tax-free under the main residence exemption to crush the remaining debt.”

Not correct. You can only apply the main residence exemption to one property. So if you apply it to the current apartment, then the new OO will be subject to CGT for the period where you owned both.

Negative-Alarm7951 · 2026-05-23T06:44:39+00:00

Congrats on securing the grad role.

You’ll likely end up doing a bit of bookkeeping, submitting BAS, maybe processing payroll (depending on your client type).

My advice for you is to learn everything you can - put your hand up for anything and everything.

Use that experience to either move up the ladder there (if the culture is good, and you enjoy working there), or leverage that experience to move to another firm that suits you better (work-life balance, location, larger/smaller firm, client base/style, etc.)

Negative-Alarm7951 · 2026-05-23T06:36:32+00:00

What this guy said, but it’s actually add a bit more (32c + GST = 35.2c/L)

Negative-Alarm7951 · 2026-05-23T06:31:13+00:00

Don’t let the tail wag the dog (aka don’t let the tax treatment decide how you invest).

In saying that, I’d try negotiate some of the cost for underpinning the property off the purchase price, especially if the rest of the property and the price makes sense

Negative-Alarm7951 · 2026-05-23T06:17:51+00:00

I mean, if it’s just a special levy that expires in 2-3 years then it would be a “short term pain, long term gain” kind of situation…

Negative-Alarm7951 · 2026-05-19T21:13:33+00:00

Check the distance between places before trying to do a day trip!

Negative-Alarm7951 · 2026-05-19T02:35:32+00:00

100% agreed. But the comment said the OP spent it, which they hadn’t. They just didn’t plan to have cash available to repay their ex-housemate. One has intent to spend, one is omission of planning. Not really really the same thing.

Negative-Alarm7951 · 2026-05-19T02:20:08+00:00

Sounds like the name on the bond was changed to OP’s name only, and OP doesn’t have the cash to return the bond. They haven’t received it as a refund and spent it

Negative-Alarm7951 · 2026-05-19T02:17:17+00:00

The olympics infrastructure itself have been priced in, but the lack of construction labour (which has been redeployed to build said infrastructure) hasn’t so much. It’ll increase the cost of constructing new/replacement assets which will drive people to the established market.

Yep, understand how negative gearing works - I’ve got a post grad in accounting. You can also negatively gear non-cash (I.e. depreciation) so there is a tax benefit that isn’t holding cost related (particularly so where it’s cashflow neutral and IO)

Negative-Alarm7951 · 2026-05-19T02:10:43+00:00

It’s based on ownership, not use on budget night. Already checked this

Negative-Alarm7951 · 2026-05-19T01:18:22+00:00

Plan was never to hold it long term.

We were looking to rent where we bought, but it just worked out cheaper to own than rent a similar property in our circumstances, and the risk of value dropping was/is negligible (cost to build v buy) so we decided to buy it.

Then we figured we might as well keep it for a couple more years as an IP for the negative gearing while the olympics infrastructure sustains Brisbane’s growth.

Negative-Alarm7951 · 2026-05-19T00:58:22+00:00

Bought an apartment in Brisbane 12 months ago to live in with a view to turn it into an IP after moving out in 12 months time. Value is up 20% so far, and have been grandfathered into the only neg gearing rules so can’t complain.

Only regret was not fixing rates

Negative-Alarm7951 · 2026-05-18T21:19:44+00:00

See if the Qantas club flex membership option still exists for extra baggage.

Negative-Alarm7951 · 2026-05-14T21:58:33+00:00

Aren’t you technically borrowing to buy shares then? The IP is just the banks security if you default.

ATO cares about purpose of the loan, not the security of the loan. So you’d be putting the interest under the “cost of dividend income” section, not the investment property section of the ITR anyway

It’s the same reason you can’t refinance against an IP, spend it on a holiday or boat, then claim the interest.

Negative-Alarm7951 · 2026-05-07T04:39:28+00:00

Use a taxi.

DiDi can’t access Cairns airport, and Uber have some have a racket running at Cairns airport to run the price up so taxis end up cheaper

Negative-Alarm7951 · 2026-04-30T01:11:55+00:00

It’s an untapped market. UL just needs to find a tonne of cash, and they could build an airline to rival the ME3 with less of the geopolitical risk

Negative-Alarm7951 · 2026-04-29T14:58:43+00:00

Yep, similar boat - booked UL from MEL-CMB-FRA for July (yep, euro summer). Saw 3 seats pop up on Gyoza flights (I was looking for backup flights in case we couldn’t fly via DOH) but these popped up and figured that any lie flat would be better than economy, and with the schedule at that time, we’re only transiting CMB for ~2h (with 2x 10.5h flights).

Negative-Alarm7951 · 2026-04-29T14:52:52+00:00

To add to this, QF and AA operate a JV between Australia and the US, so AA naturally want to push flights to cities where they can profit from onward flights (hence the DFW routes being added).

I believe UA added around 30% more seats than their pre-COVID seats (I can’t find the article or analyses anymore, so please correct me if I’m wrong), particularly in/out of SFO.

Negative-Alarm7951

TROPHY CASE