focus123 » user profile
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Member Since | 23/05/2023 |
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Last Seen | 1 hour 34 min |
Recent Activities
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focus123 commented on How Is The Current IT Job Market Going?
Three things; Big development projects are offshored at least 50-50 and this is driven by major employers of the sector to cut down the…
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focus123 replied to
tooblue on 70k on Super or Offset and Sell or Not Sell The PPOR to Fund a New Home
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Thanks, I updated the poll option to reflect the correct MLS outcome
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focus123 replied to
panos on 70k on Super or Offset and Sell or Not Sell The PPOR to Fund a New Home
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Thanks for the comment mate. 15 years ago, there was a time where my wife and I only had less than $4000 in the bank, and both of us…
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focus123 replied to
CodeXD on 70k on Super or Offset and Sell or Not Sell The PPOR to Fund a New Home
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Thanks for the input, we as a family haven't had income protection insurance and my super does not cover job loss. it covers death, TPD…
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focus123 replied to
barge-in hunter on 70k on Super or Offset and Sell or Not Sell The PPOR to Fund a New Home
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Yes, If one of us lost the job for whatever reason, then it'll become a big burden and we'll have to sell the investment property anyway.
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focus123 replied to
DingoBilly on 70k on Super or Offset and Sell or Not Sell The PPOR to Fund a New Home
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Thanks for the link. I will have a second look as if extra super contributions are included for the purpose of MLS calculation, it will…
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focus123 replied to
freefall101 on 70k on Super or Offset and Sell or Not Sell The PPOR to Fund a New Home
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My wife is happy to give up our current PPOR to reduce the mortgage stress and improve the quality of life in the best time of our lives…
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focus123 replied to
Stimps on 70k on Super or Offset and Sell or Not Sell The PPOR to Fund a New Home
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The 70k is already taxed at our top rate and currently sits in our bank accounts. When we put that money into super, we can claim it as a…
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focus123 replied to
Dollar General on 70k on Super or Offset and Sell or Not Sell The PPOR to Fund a New Home
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Actually, that's a good point there. If we put 70k in super we get back 25k, so essentially we lock out 45k which will grow within super…
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focus123 replied to
apple2016 on 70k on Super or Offset and Sell or Not Sell The PPOR to Fund a New Home
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It doesnt work like that. The interest can only be claimed for the lowest balance of the mortgage, which is about 240k in our case. even if…
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focus123 replied to
Dollar General on 70k on Super or Offset and Sell or Not Sell The PPOR to Fund a New Home
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Forgot to mention, we will get a private health cover to avoid MLS next financial year. It will be like breakeven when health insurance…
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focus123 posted a forum topic 70k on Super or Offset and Sell or Not Sell The PPOR to Fund a New Home
We’re facing an unusual financial situation due to an unexpected increase in our income this financial year (FY 23/24), plus some…
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focus123 posted a forum topic Would You Gamble $800k for a 1 in 47 Chance to Win 19 Million
The Lucky Lotteries Mega Jackpot has gone above 19 million now. There are 200,000 raffle entries to purchase; if someone buys all entries…
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Its the initial cost of purchase (stamp duty etc). I think it is not included in the capital gain.
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All TAFE's follow a national curriculum. If you look into the course code, there is a national course code that defines what areas are…
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The amount claimed under depreciation gets added to CGT liability at the time of sale.…
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Yes, when the rate of appreciation dropped to 4% it reduce the profit by a big margin.
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Thanks mate. Actually the investment will be shared with wife. So it reduces the CGT paid to the government. Added it under the update 1.
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OzBargainers provides free financial advice.
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Thanks for bringing this up. Seems like I used the house price history (which is not the correct one for units)…
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Thanks for this hint.
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Yes, the total depreciation amount increases the capital gain. I added 7500 depreciation per year over 10 years to get 75000. That 75000 is…
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Thanks, The maintenance part is about 1000 to 1500 in my assumption. I used the historical property value data from 1998 to 2020 in…
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Thanks for pointing that. I think I got lost between the actual cashflow loss and the deductible amount that can be claimed in tax
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I left 2 weeks without rent to compensate for the periods in between tenants. Hence the 50 weeks rent instead of 52
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Got the PPOR covered by offset and extra money now sitting in a savings account that earns 5.3% interest. 100k will remove the need of…
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focus123 posted a forum topic Help on My Math on Negative Geared Investment Property
Dear Ozbargainers, I'm trying to do some math on negative geared investment property and I am not sure if I am getting the numbers correct.…
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focus123 replied to
StingyBritches on Below Market Compensation for Mandatory Property Aquisition by State Government
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Thanks, Plus we have requested from the government to defer the contract signing until July to get the benefit of Stage 3 tax cuts for the…
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focus123 commented on Below Market Compensation for Mandatory Property Aquisition by State Government
Hi, I thought to give an update on this. We hired a lawyer and the lawyer arranged an independent property evaluator. The independent…
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focus123 commented on Samsung Galaxy S22 - Any bargains?
I have an S22 Ultra and my battery life is bad, I get only 6-7 hrs Screen time (Teams meetings, YouTube, and about 1hr Roblox gaming) from…
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