23/09/2011 10:14:42 AM
Topic:
Welcome to North Financail
North Financial
Posts: 1
|
Thank you for requesting contact from North Financial.
I'll be in touch with you shortly.
You can also contact me directly on the numbers below:
Nic Harrigan
Senior Wealth Manager
P 1300 490 964
M 0410 647 780
Sydney |Brisbane | Canberra | Melbourne | Perth
edited by North Financial on 24/09/2011
|
6/07/2011 7:35:37 PM
Topic:
New Zealand Tax Rates - 1 April 2011 to 31 March 2012
Admin
Administrator
Posts: 43
|
Dear Users,
We are currently in the middle of updating the NZ tax rates and changes to the Earners Levy. The new rates can be viewed at http://www.ird.govt.nz/how-to/taxrates-codes/itaxsalaryandwage-incometaxrates.html
Income tax rates for every $1 of taxable income (excluding ACC earners' levy)
up to $14,000 - 10.5 cents
from $14,001 to $48,000 - 17.5 cents
from $48,001 to $70,000 - 30 cents
$70,001 and over - 33 cents
No notification - 45 cents
We will email a notification once the new rates have been applied to the Property Analyser.
edited by Admin on 6/07/2011
|
6/07/2011 6:20:38 PM
Topic:
Australian Tax Rates for 2011-2012 Tax Year
Admin
Administrator
Posts: 43
|
Dear Users,
The tax rates for 2011-2012 have recently been published on the ATO Website. The individual tax rates remain unchanged, yet the Flood levy needs to be applied to these rates:
Tax Rates 2011-2012
Taxable income Tax on this income
0 - $6,000 - Nil
$6,001 - $37,000 - 15c for each $1 over $6,000
$37,001 - $80,000 - $4,650 plus 30c for each $1 over $37,000
$80,001 - $180,000 - $17,550 plus 37c for each $1 over $80,000
$180,001 and over - $54,550 plus 45c for each $1 over $180,000
The applicable Flood Levy rates are:
Taxable income Flood levy on this income
$0 to $50,000 - Nil
$50,001 to $100,000 - Half a cent for each $1 over $50,000
Over $100,000 - $250 plus 1c for each $1 over $100,000
The government has introduced a Temporary Flood and Cyclone Reconstruction Levy (flood levy) applying to taxable income for the 2011-12 year only.
It is designed to assist affected communities to recover from the recent natural disasters by providing additional funding to rebuild essential infrastructure - for example, roads, bridges and schools.
The flood levy will only apply to taxable income derived between 1 July 2011 to 30 June 2012.
You can view more detailed information on these rates at the ATO website:
http://www.ato.gov.au/individuals/content.aspx?menuid=0&doc=/content/00216565.htm&page=7&H7
http://www.ato.gov.au/individuals/content.aspx?doc=/content/12333.htm
As of publishing this article, we have not posted these updates to the Property Analyser - we will notify all users via email once these updates have been applied.
Regards,
iPropertyCo Team
edited by Admin on 6/07/2011
|
20/01/2011 7:10:22 PM
Topic:
Comparing and Scenarios
Admin
Administrator
Posts: 43
|
Barkemeyer,
The Property Analyser will save the data you entered during your last session. In order to compare multiple properties, print each analysis as a hard copy or PDF. Then you can make a comparison. The result will print with the property address at the top, so this allows you to recall the property you analysed.
You only need to change the details in the Property & Depreciation and Income & Expenses tabs - Typically the Investor & Tax and Loan Detail will always remain the same.
We exclude the ROI due to the fact that people often measure it in varying ways over varying time periods depending on their strategy. Therefore it causes confusion. When comparing properties, focus on the metrics that matter - Cash Flow and Equity.
Regards,
iPropertyCo
edited by Admin on 20/01/2011
|
17/01/2011 11:29:09 PM
Topic:
Comparing and Scenarios
barkemeyer
Posts: 1
|
Hi,
Can I save properties to bring them up again later, i.e. to compare properties or scenarios?
The ROI is not provided - is there a reason for it?
Sven
edited by Admin on 20/01/2011
|
3/11/2010 5:41:33 PM
Topic:
A builder should have the panache for building
kenneth
Posts: 1
|
Everymanin this world probably dreams of owing a house of his own or ratherto have a house at least, which best suits his nature and character.In this case the house is a bit personified; in the sense that it actas a co-partner for the human. For many people in this world a househas become something more than a mere asylum. Many philosophers werealso heard saying that their houses speak to them. A house not onlyprotects human but also, it is a place which might be the onlywitness other than God, of almost all humanistic activities. A housemay not have life but it rather resembles of having the same and atthe same time sustains to have life in it.
Itis the builder who gives life to the dream of the customer whichmight be a mixture of many confused ideas and specifications. Thehard work, dedication, skill and the performance make a buildertrustworthy among the people. A good builder will always be consciousof his customers well being. Maintaining the productivity and thequality control also falls on the part of the builder which makes hisjob a bit risky as well. Above all for a good design to be born abuilder should have the panache for building itself.
Fora new BuilderWashington DC will be the wonderland of Alice, as he might find immense scope forhis caliber and exclusivity. Humans get easily accustomed with thenew house and thus it is the builder’s responsibility to create adesign at the convenience of the customer. Each and every square feetof the house should be maintained with utmost care and delicacy,which will add beauty to the house as a whole. To be a bitmetaphysical, when one, after his hot days toil returns back, thehome should welcome him with a smile. The design should be simple,which is mostly preferred. A good builder will always make thecustomer aware of the requirements and non-requirements. Thus aboveall it is the builder who helps in generating harmony in a house.
edited by Admin on 3/11/2010
|
2/11/2010 11:25:17 PM
Topic:
RBA Raises Official Cash Rate - What can I do to counter the impact of a rate rise?
Alex Barton
Posts: 3
|
Yesterday's ABS data showed prices down in five cities, and up in three, but a slight positive national figure (due mainly to strong Melbourne result). The question is what happens from here. Will Q4 be the first quarter to show a national fall. If so, that just might spook the public and falls could accelerate. But it prices rise in Q4 then the public will think the worst is over and we're back on an uptrend. Public sentiment is everything. To be honest I don't think the political will exists for more housing stimulus. Both parties are too weak, they've got more important things to think about, and frankly I'd wager they're happy with this flat result. A 'soft landing' is exactly what the RBA and government wanted to achieve, and that's what they've got here.
Regards,
Alex Barton
Australian Property Forum
edited by Alex Barton on 23/11/2010
edited by Admin on 26/11/2010
|
2/11/2010 11:23:37 PM
Topic:
Subscription Rates
Alex Barton
Posts: 3
|
Hi, how do I subscribe?
Alex Barton
Australian Property Forum
edited by Alex Barton on 23/11/2010
edited by Admin on 26/11/2010
|
2/11/2010 8:03:41 PM
Topic:
RBA Raises Official Cash Rate - What can I do to counter the impact of a rate rise?
Admin
Administrator
Posts: 43
|
RBA Raises Official Cash RateAt its meeting today, the Board decided to raise the cash rate by 25 basis points to 4.75 per cent, effective 3 November 2010.
Statement by Glenn Stevens, Governor Monetary Policy RBA
The global economy grew faster than trend over the year to mid 2010. Global growth will probably ease back to about trend pace over the coming year as strong recoveries in the emerging world give way to a more sustainable pace of expansion and growth remains subdued in the United States and Europe. At the same time, concerns about the possibility of a larger than expected slowing in Chinese growth have lessened recently and most commodity prices have firmed, after a fall earlier in the year. The prices most important to Australia remain at very high levels, with the result that the terms of trade are at their highest since the early 1950s. The turmoil in financial markets earlier in the year has abated, though sentiment remains fragile.
So how will this interest rate rise effect my cash flow?
The impact on an investor's cash flow will vary depending on loan amounts and tax rates; on average values we've modeled, we'd expect the average investor to be loosing from $10 to $20 of cash flow per week. As an investor it's important that you assess the impact on your property by conducting a quick cash flow analysis. www.ipropertyco.com
What can I do to counter the impact of a rate rise?
Many investors overlook when their leases (rental agreements) expire and unfortunately most property managers are not proactive in informing you of the fact, or when you should suggest a rental increase. If you haven't already done so email your property managers with the following questions:
When is my current lease due for renewal?Is my property currently rented at the market value? If so/not, on what basis have you made this assessment?Can you suggest any improvements to my property that would attract a higher rent?
My Subscription Has Expired - is there an offer to renew it at the moment?
In order to help alleviate the latest rate rise, we're offering an 80% discount on all subscriptions. Simply enter RENEWIPC into the payment page. This offer expires on the 8th November.
Happy Investing!
edited by Admin on 2/11/2010
|
28/10/2010 11:54:22 AM
Topic:
Pre Tax Positive Cash Flow Property - Prove it!
Alex Barton
Posts: 3
|
They might exist but they're getting harder to find. Need to look in outer western suburbs these days, and that's not where the best capital growth is!
Alex Barton
Australian Property Forum
-----
edited by Alex Barton on 23/11/2010
|
19/10/2010 8:23:20 AM
Topic:
Empty Cache & Discount Subscription
Admin
Administrator
Posts: 43
|
This is just a quick note to let you know that we've made some minor changes to the Property Analyser over the weekend and while testing the updates we've noticed that some browsers are caching the Property Analyser. This may prevent you from accessing the new update and particularly effects MAC users on Safari.
To ensure you're getting the latest version, you will need to clear your cache and browsing history. Here are some basic instructions:
- Internet Explorer - Tools > Delete Browsing History
- Firefox - Tools > Clear Recent History > select "Cache" and time range to clear "Everything"
- Safari - Safari > Empty Cache
Subscription Discount
We'd like to ensure you get the opportunity to try the latest version, so if your trial has expired you'll be very happy to know that we're offering a 95% discount if you renew before this Sunday. For a 3 month subscription, you'll only pay $3.25. Yes a very generous offer! Simply log into www.ipropertyco.com launch the Property Analyser and follow the prompts and use this code WE34567.
Do You Need Support?
If you ever need support while using the Property Analyser, simply log your question as a New Topic under User Support / iPropertyCo Property Analyser within the User Community. We constantly monitor the User Community and will ensure you get a response within one business day.
That's it for now - Happy Investing!!!
|
30/08/2010 10:59:03 PM
Topic:
Usage Tips - Depreciation
Admin
Administrator
Posts: 43
|
Our last edition of Usage Tips outlined how you should complete the Property, Purchase, Market Value and Capital Costs sections in the Property & Depreciation tab. We’ve saved the tips relating to Depreciation for this edition.
What is depreciation and why is it important? Well first of all I’ll explain depreciation. When you purchase an existing property (typically) you purchase land and the building is an improvement. The building is comprised of items that don’t last forever, in effect they break, rot erode or simply become outdated. Our tax system recognises this and therefore allows us to right these losses off.
But how does property go up in value I hear you say? Well again from a tax perspective, the land increases value, the building deprecates.
So why is depreciation so important? Well I suggest you log into the Property Analyser and look for yourself. www.ipropertyco.com/UserLogin.aspx
Take a look at the cash flow on a building that is 1 year old, then change the Building Value (Actual) and Fixture Value (Actual) to $100 and see what the impact is on your cash flow; it can be quite dramatic. If your tax rate is high, you’ll notice that the impact is even greater. This effect is termed as gearing, the reason why
many people with high incomes purchase new dwellings in order to take advantage of Negative Gearing.
There are two types of depreciation, Capital Costs (Building Write Off or Division 43) typically anything that is structural and Fixtures (Plant & Equipment), typically anything that can be removed without the roof falling in.
The iPropertyCo Property Analyser has the ability to provide an estimate for depreciation calculations and this is handy if you have not completed a depreciation schedule through a quantity surveyor, in most cases the estimates are close, but only a depreciation schedule will give you an accurate calculation.
Completing the Building Depreciation Section: Tax Legislation relating to building depreciation changed significantly between 1985 and 1987. If your property was built in that period, pay special attention to the help (?) text to work out what selection you should make for Building Write Off. You have the option to use the estimates or actual fields.
Completing the Fixtures Section: We have taken a very simplistic approach calculating fixtures depreciation. The challenge here is that our tax system provides a different depreciable rate for many items, so we simply provide an estimate based on averages. Again you can use the estimates or you can enter an actual figure and this will be averaged over the depreciable period. The Property Analyser uses the Diminishing Value method.
If you ever get stuck, or have any questions, simply add a post to the help section of the User Community and we’ll reply within a
day. www.ipropertyco.com/UserCommunityHome.aspx
Happy Investing,
The iPropertyCo Team....
|
13/08/2010 9:53:26 PM
Topic:
Subscription Rates
Admin
Administrator
Posts: 43
|
rudra wrote:
If I get a subscription now, will it just add onto the time I already have left on my trial?
Rudra,
Yes we can add the subscription to your existing trial. No Problem.
|
13/08/2010 8:39:16 AM
Topic:
Subscription Rates
rudra
Posts: 16
|
If I get a subscription now, will it just add onto the time I already have left on my trial?
|
12/08/2010 10:03:25 PM
Topic:
Usage Tips - Property Tab
Admin
Administrator
Posts: 43
|
Here's our next edition of iPropertyCo's Property Analyser Usage Tips. In this addition we'll talk about the Property & Depreciation Tab, but focus specifically on Property and leave Depreciation for our next addition.
Before I go further I'd just like to say election, election, election; for no reason other than everyone else is talking about it. Actually I was having a chuckle to myself the other day after hearing the journalists complaining about this election being uneventful; I reflected on a trip I took to the Philippines a number of years ago now. It was during the senatorial elections and I saw a news paper headline that read - our safest election in years, I went on to read the article that explained that it was a safe election because there was only 127 election related deaths. I'm happy to experience an uneventful Abbott / Gillard election as long as no one dies.
So moving to the Property & Depreciation Tab - unlike the Investor & Tax or Loan Detail tabs, if you are using the Property Analyser to search for a new property, you will be changing the content of this tab regularly. The first section "Property" is fairly self explanatory. It allows you to complete the address so when you print the results you will remember what property they relate to OR when you log back into the Property Analyser at a later stage, you know what property you last analysed. The State field is the most important here, it allows the Property Analyser to calculate the correct Stamp Duty. The stamp duty calculations for each state vary in some cases significantly, so to get an accurate result you must ensure the state selection is correct.
"Hot Tip" the Property Analyser saves all your inputs each time you select the Property Analysis tab.
The next section is "Purchase" this allows you to enter the purchase price and the dutiable value separately. For most properties these values will be the same; the exception would be a house and land package where you buy and settle the land, then build a house. For New Zealand properties you don't need to worry about the Dutiable Value field as you don't have stamp duty.
Market Value - This section allows you to enter the figures that calculate your growth projections. I always keep on the conservative side when completing these fields and it's important that the data you enter comes from a reputable source. For Market Value enter the value that you're buying the property for unless you have a valuation that states otherwise. Don't get sucked into what agents tell you a property is worth, if you're ever unsure and want an extra level of comfort, get a licensed valuer to give you a valuation. It won't cost you much and you can use the valuation to negotiate from too.
For the expected capital growth - well who can read the future? Use a source like Residex, RPData or Homepriceguide.com.au stick to the more conservative figures such as the last 10yr growth, but remember you are trying to predict growth and there no exact science here.
Purchase (Capital) Costs - Capital costs are not tax deductible and differ from an expense that is tax deductible. A simplistic way to differentiate these costs is to ask, is this a one off cost related to the purchase of the property? If yes account for it here. When you sell your property you won't pay Capital Gains tax on the value of these items. For example Sale Amount - (Original Purchase Cost + Capital Costs) = Taxable Gain.
Before I go - always get a building and pest inspection done if you are buying an existing property. Make sure you get a building inspector who can provide a quote to rectify any defects they find, this way you can negotiate the value off your agreed purchase price. If you're buying a strata or community titled property, make sure you get access to the strata reports as these will often outline defects or issues with the complex.
Happy Investing...
edited by Admin on 12/08/2010
|
12/08/2010 8:13:01 PM
Topic:
Subscription Rates
Admin
Administrator
Posts: 43
|
Rudra,
There's a 60% discount until the end of this month if you use our promo code:
R8E78SW
|
12/08/2010 3:03:21 PM
Topic:
Usage Tips - Loan Detail Tab
rudra
Posts: 16
|
Definately a double whammy, I wouldn't have looked at the deductions side of it but definitely would cripple your cashflow by going with P&I as opposed to IO.
|
12/08/2010 2:53:15 PM
Topic:
Subscription Rates
rudra
Posts: 16
|
Hi all,
Anyone heard about if there will be any changes to the subscription rate for the property analyser?
Cheers
Rudra
|
2/08/2010 11:56:47 PM
Topic:
Clarification on Compare Others Page - Real Estate Investor NOT Investar OR Real Estate Investar
Admin
Administrator
Posts: 43
|
Dear Users,
This message is intended to clarify information on our Compare Others Page http://www.ipropertyco.com/CompareOthers.aspx.
We have been alerted to the fact that the product name second from the right hand side of the graph shows up pixelated and on some browsers may look like it says Investar when it actually says Investor. Albeit coincidental, we have not reviewed Real Estate Investar in the comparison. The comparison was done on a product called Real Estate Investor. Just in case you missed the difference it's the AR v's OR.
The comparison was conducted on the 01/10/09 and to our knowledge the Real Estate Investar (that's AR) product didn't exist then.
All this aside, we stand by our service and Users; We are so confident that you'll find the iPropertyCo Property Analyser is the easiest to use and our service superior to any other product or provider that we're more than happy to list their names so you can try their products and make up your own mind. We're fairly certain that you'll come back to us either way.
We're making enhancements to the Compare Others page that should avoid future confusion.
Regards,
The Team....
|
2/08/2010 10:46:31 PM
Topic:
Usage Tips - Loan Detail Tab
Rickshaw
Posts: 16
|
I think I know the answer to the quiz.
Paying the principal down greatly reduces your cash flow and from my calculations this might mean that where you could afford two properties on interest only, you could only afford one on Principal and Interest. The other effect is that it reduces your tax deductions and that impacts your cash flow as well. A double whammy some might say!???
|
|
pages:
1 2
|
