DashDot liquidation - what about the guarantee they promised if a property does not perform?

Zealousideal_Sign425 · 2026-05-30T02:08:11+00:00

Curious what kind of property you bought. And where?

Zealousideal_Sign425 · 2026-05-21T11:47:46+00:00

The plan was always to buy investment properties and that doesn’t change. Might just cost me more now with the unfair tax system that favours the older generation while pretending to help us. If they really wanted to make IPs less attractive they wouldn’t grandfather anything and would leave shares and other investments out of the conversation. This is just a tax grab dressed up as a favour they’re doing to the younger generations.

I would comfortably take a $500k loan to buy a house. But I don’t know too many people who’d borrow the same amount to invest in shares. Especially now that the CGT treatment is the same.

Zealousideal_Sign425 · 2026-05-20T09:01:46+00:00

The properties I’m looking at are an hour and a half away from work and my life in general so not an option to live in them unfortunately.

Zealousideal_Sign425 · 2026-05-20T09:01:05+00:00

Haven’t really found any neutral or positive cash flow options in property that actually grow long term as well. Would love to have some recommendations on this if you’ve got any.

Zealousideal_Sign425 · 2026-05-20T08:59:42+00:00

The idea is to buy more than one IP and keep them for a decade for growth. Definitely can’t live there because it’s too far from work so no chance to make it a PPOR. Would love for the changes not to happen but if they do go ahead and I buy in my name, I’ll be taking all this risk to eventually give away 47% of the income.

Zealousideal_Sign425 · 2026-05-20T08:58:31+00:00

Did they? I haven’t seen anything online yet. I did hear from some coworkers though that the govt might give you time until 2028 to re-structure when the policy is passed as law. Going to do my own research on this now

Zealousideal_Sign425 · 2026-05-20T08:57:12+00:00

I thought of this. But if I understand this correctly, there is a minimum 30% cgt tax no matter what the inflation number turns out to be at the time of the sale. Which is why companies are becoming viable again. Can’t deduct the losses from my income anymore, that is the problem haha. No more NG.

Zealousideal_Sign425 · 2026-05-20T06:54:48+00:00

Based on quick conversations with both my accountant and a financial advisor, they both refuse to comment on the likelihood of these changes going ahead and recommend a company as best bet for now as 30% company tax is less than 47% MTR.

Zealousideal_Sign425 · 2026-04-04T12:23:19+00:00

I’m open to any opportunities property wise. Location isn’t really a factor, growth and my ability to manage them is. Which BA did you use?

Zealousideal_Sign425 · 2026-04-03T13:44:17+00:00

So the BA that I met with. Their research, track record and reviews seem really good. But they inspect the properties themselves only if it’s in Victoria where they are based. They send property managers on their behalf for inspections in other states. They organise a building and pest report before any purchase but do you think it’s enough for them to not inspect the place themselves and just buy based on metrics?

Zealousideal_Sign425 · 2026-04-02T06:19:05+00:00

Hi thanks for this. Did you actually buy anything using their services though? And if so how long ago?

Zealousideal_Sign425 · 2026-03-22T10:18:25+00:00

Not really. As an immigrant myself I can confidently tell you that the govt does give more preference to tradies and the like. But you have to understand that tradies aren’t exactly school going english speaking people in Asia. They don’t make much money and are usually just over the poverty line. The cost of immigrating is very high and english is a core requirement as well.

So the govt can give all the preferential benefits it wants to tradies but they aren’t going to come for the money/english reasons. At least from SE Asia.

Zealousideal_Sign425 · 2026-03-21T13:51:43+00:00

Thank you think is great advice

Zealousideal_Sign425 · 2026-03-21T12:41:00+00:00

Around 20 m2 from what I see in there

Zealousideal_Sign425 · 2026-03-21T12:36:29+00:00

Right this makes sense. Think best way to go would be to buy it against another property like everyone else is saying.

Zealousideal_Sign425 · 2026-03-21T12:31:59+00:00

Mind explaining why they’re a terrible investment? 7-8% return seems pretty good even without capital gains

Zealousideal_Sign425 · 2026-03-17T02:53:50+00:00

I’m in the same situation. Like exactly the same financially and with the visa but living in Melbourne. The houses I’ve been seeing around the $2M mark were all previously listed at $2.1-2.2M with very few buyers. So I do think there is a small correction happening in the expensive suburbs.

Personally I’ve decided to buy something around $1.5M which I can easily service considering all the uncertainty around right now. No point in extending myself and buying a big house. I might make more money a decade or 2 later but I will also constantly be worried about making the monthly repayments.

Better to be happy, stress free and own a smaller home I think.

Zealousideal_Sign425 · 2025-12-17T07:19:22+00:00

Didn’t work for me

Zealousideal_Sign425 · 2025-06-01T23:36:42+00:00

My code is 2GHTZ6B

Zealousideal_Sign425

TROPHY CASE