Oz property boom deflating
Mar 6th 2004, 12:08 pm
#61
Joined: Aug 2003
Posts: 11,149
OMG Dotty and Mrs DB who would have known it.
Can I drag it down further?
Can I drag it down further?
Mar 6th 2004, 12:12 pm
#62
Next stop Gold coast
Joined: Jan 2004
Location: Somewhere in Midwales
Posts: 625
Let's all take our marley's back and start afresh tomorrow!
Mar 6th 2004, 8:57 pm
#63
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Joined: Jan 2003
Location: Brisbane
Posts: 1,576
Re: Oz property boom deflating
Originally posted by Grayling
You will be taxed on any income,from whatever source ,including interest on savings unless they are in ISAs etc. and there is an annual limit on them.
G
You will be taxed on any income,from whatever source ,including interest on savings unless they are in ISAs etc. and there is an annual limit on them.
G
Only way to avoid it is not to declare it and that is tax evasion.
Mar 6th 2004, 9:09 pm
#64
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Joined: Jan 2003
Location: Brisbane
Posts: 1,576
Re: Oz property boom deflating
[QUOTE]Originally posted by maxpaxx
I don't quite understand WHY you are upset with me. I answered your question to the best of my knowledge, but as I'm no tax expert don't rely on what I say as gospel (I could be wrong but I don't believe I am).
Now I understand your situation the tax system here is even simpler as you recieve interest free of any tax, you just have to declare it on you tax return each year and if it is below $6,000 you will pay no tax.
If I had thought your question was silly (your words) I wouldn't have bothered with a reply in the first place.
Oh and yes I'm as BRITISH as you but that is irrevelent to the answer I gave.
Originally posted by Kiwipaul
Don't quite understand how you can be a non taxpayer unless your income is below the tax free allowance.
LOL..because I don't work! I am a housewife so we put the savings in my name and don't pay tax on it? Isn't that what everyone does in the UK? (sorry I forgot this is just called 'British Ex Pats' - a title that seems to mean very little)
Sorry to have bothered you with my 'silly' question.
I wil go and 'CHECK' myself.
HAVE A NICE DAY!
Don't quite understand how you can be a non taxpayer unless your income is below the tax free allowance.
LOL..because I don't work! I am a housewife so we put the savings in my name and don't pay tax on it? Isn't that what everyone does in the UK? (sorry I forgot this is just called 'British Ex Pats' - a title that seems to mean very little)
Sorry to have bothered you with my 'silly' question.
I wil go and 'CHECK' myself.
HAVE A NICE DAY!
Now I understand your situation the tax system here is even simpler as you recieve interest free of any tax, you just have to declare it on you tax return each year and if it is below $6,000 you will pay no tax.
If I had thought your question was silly (your words) I wouldn't have bothered with a reply in the first place.
Oh and yes I'm as BRITISH as you but that is irrevelent to the answer I gave.
Last edited by Kiwipaul; Mar 6th 2004 at 9:29 pm.
Mar 6th 2004, 9:16 pm
#65
Bitter and twisted
Joined: Dec 2003
Location: Upmarket
Posts: 17,503
Re: Oz property boom deflating
Originally posted by Kiwipaul
If you are tax resident in Oz you will be taxed in OZ on your ISA's as the OZ taxman dosn't recognise it's tax free status in the UK.
Only way to avoid it is not to declare it and that is tax evasion.
If you are tax resident in Oz you will be taxed in OZ on your ISA's as the OZ taxman dosn't recognise it's tax free status in the UK.
Only way to avoid it is not to declare it and that is tax evasion.
I am aware of that.I was referring to paying tax in the UK whilst living in the UK.
You are still taxed on savings interest in the UK whether you work or not except for Tax free schemes such as Isas.
My point was about being a non tax payer in the UK just because you do not work.Unless you are below your tax allowance.
G
Mar 6th 2004, 9:27 pm
#66
Joined: Jun 2003
Posts: 965
Re: Oz property boom deflating
Originally posted by MrsDagboy
And thanx for your post too. I was simply asking what you were going off at because I didnt see anything wrong in KPs posting the rules about tax free allowances. He did suggest that you check the information yourself, but he also gave you the information that he thought was correct, after simply stating that he wasnt sure what you meant by being a non-taxpayer (which I have to admit, I had no clue what you meant either, what you said wasnt clear).
And then you start on about it being a British expats site, which I can only assume you mean that only British people should post here? Having a go at the poster because his name is kiwipaul? Unless Im very much mistaken, "kiwi"paul is a british expats who lived in NZ for a while before he came to Oz. Or perhaps thats not what you meant at all. I just dont see why you would feel the need to have a go at someone who was trying to help, even if you took it the wrong way. I didnt see any nastiness in his post, only in yours back to him.
But then Im an aussie posting on this site, maybe I shouldn't bother
And thanx for your post too. I was simply asking what you were going off at because I didnt see anything wrong in KPs posting the rules about tax free allowances. He did suggest that you check the information yourself, but he also gave you the information that he thought was correct, after simply stating that he wasnt sure what you meant by being a non-taxpayer (which I have to admit, I had no clue what you meant either, what you said wasnt clear).
And then you start on about it being a British expats site, which I can only assume you mean that only British people should post here? Having a go at the poster because his name is kiwipaul? Unless Im very much mistaken, "kiwi"paul is a british expats who lived in NZ for a while before he came to Oz. Or perhaps thats not what you meant at all. I just dont see why you would feel the need to have a go at someone who was trying to help, even if you took it the wrong way. I didnt see any nastiness in his post, only in yours back to him.
But then Im an aussie posting on this site, maybe I shouldn't bother
I am certainly not a racist and far from it - you have ovbiously made a decision on your opinion of me and it is wrong.
With regards to my comment about the site being entitled British ex-pat I was refering to the point of view from a British tax situation, and if have ever read any of my threads you would know that I am the last person on this site who would say it's for British people only.
In addition when someone says 'CHECK' in capital letters I would personally take that as a slight - maybye I am being over sensistive but can't see why you care?
..right enough said
Mar 7th 2004, 12:32 am
#67
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Thread Starter
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Location: Coogee, Sydney
Posts: 1,017
So have we decided whether the Oz property is deflating or not ??
Wish I had never started this damn thread !!!!!!!!
Wish I had never started this damn thread !!!!!!!!
Mar 7th 2004, 12:35 am
#68
The Godfather
Joined: Feb 2004
Location: South East Suburbs of Melbourne
Posts: 7,336
LMAO, I'd say its deflated a little due to a couple of interest rate hikes but theres worse places to live I'm sure.
Mar 7th 2004, 12:58 am
#69
Rocket Scientist
Joined: Aug 2003
Location: Dreamland AKA Brisbane which is a different country to the UK
Posts: 6,911
Originally posted by sjn2003
So have we decided whether the Oz property is deflating or not ??
Wish I had never started this damn thread !!!!!!!!
So have we decided whether the Oz property is deflating or not ??
Wish I had never started this damn thread !!!!!!!!
.
Mar 7th 2004, 9:54 am
#70
Guest
Posts: n/a
Originally posted by sjn2003
So have we decided whether the Oz property is deflating or not ??
Wish I had never started this damn thread !!!!!!!!
So have we decided whether the Oz property is deflating or not ??
Wish I had never started this damn thread !!!!!!!!
One problem is that OZ is such a big and diverse place.
Ask someone with an apartment in Melbourne, and your answer will almost certainly be "Yes, prices have dropped"
Ask someone with a house up here in Brisbane, and the answer is more likely to be,"Prices havent dropped but are not going up anywhere near as fast as they did last year".
And then there are places in between, where prices may have stabilised, not up, nor down.
And of course there will be places that will be exceptions to ALL the rules
Mar 7th 2004, 9:57 am
#71
Joined: Aug 2003
Posts: 11,149
This just shows the variation in the Sydney market.
http://www.dijones.com.au/Buying/Market/Hotspots.html
http://www.dijones.com.au/Buying/Market/Hotspots.html
Mar 7th 2004, 9:57 am
#72
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Location: GC
Posts: 3,353
ABC - do you think that prices will rise much more durimg the next six months in Qld (especially Gold Coast)?
Mar 7th 2004, 10:00 am
#73
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Posts: 875
I'll agree that it has slowed in many places. I don't think this is a situation where one size fits all. The actual location is going to dictate the situation as so much of what is happening is localised. I would be betting on SE Qld continuing to rise/
Mar 7th 2004, 10:05 am
#74
Joined: Aug 2003
Posts: 11,149
Originally posted by Vicky88
I'll agree that it has slowed in many places. I don't think this is a situation where one size fits all. The actual location is going to dictate the situation as so much of what is happening is localised. I would be betting on SE Qld continuing to rise/
I'll agree that it has slowed in many places. I don't think this is a situation where one size fits all. The actual location is going to dictate the situation as so much of what is happening is localised. I would be betting on SE Qld continuing to rise/
Mar 7th 2004, 10:14 am
#75
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Originally posted by debsy
ABC - do you think that prices will rise much more durimg the next six months in Qld (especially Gold Coast)?
ABC - do you think that prices will rise much more durimg the next six months in Qld (especially Gold Coast)?
Obviously there will be variations, some areas will go up more than others. Most commonly, waterfront properties go up faster than other areas. However, with property prices so high in this country, in comparison to a few years ago, there will be pressure on the lower priced property, as it is needed by the first time buyers. It is also still very popular with investors. Therefore the laws of supply and demand come into effect.
My own way of thinking is:
If more jobs become available in SE QLD, then more people will move up here from down south, sell up their 3 bed small house in Western Sydney, and buy something bigger and better closer to the water up here.
The SE QLD locals, may also consider selling the properties that they have owned for some years, and which have doubled in value in the last few years, and move a bit further north.
These are my personal opinions, and not to be taken as guarantees of what will happen
