New development in Crows Nest

We are very pleased to be able to offer clients early access to the a new development in Crows Nest NSW.

The building consists largely of one bedroom + study/guestroom apartments.

They offer a very spacious 61m2 of internal space and 8m2 wintergarden (or logier).

There are also a handful of corner position two bedroom apartments for those perhaps looking at an owner-occupier option.

These range in size from 81m2 internally to 92m2 internally with 8-9m2 wintergardens or balconies.

The building offers good value on a price per square meter basis, strong projected rental returns and very high level of finishes.

The development is due to commence construction in September 2011 with completion in early-mid 2013.


Pricing;

1. One bedroom + study/guestroom apartments ; $545,000 to $610,000 (remember zero stamp-duty under $600,000)
2. Two bedroom apartments; $810,000 to $895,000

Process;

• The VIP launch will be held on the weekend of the 9th & 10th July.

Please contact us for the Purchase Procedures document for a full explanation of the process.

• $10,000 Expression of Interest deposits will be required.


For your further information such as floor plates, sample floor plans, rental appraisals, outgoings and images of the development please contact us.

Note that we can provide deprecation schedules so we will be able to provide cash-flow analyses.

If you may be interested in the development please do not hesitate to call us on
07 3848 1088
Alternatively you can email us on info@wecoachwealth.com.au .

We will be pleased to speak to any interest parties and assist them with their enquiries.

John McAuliffe

what the seers are saying!

Yes you are right & What the financial commentators are saying ?

Yes we are where Peter from Bell Potter says we are in the cycle.
Peter showed us on a template during his lunchtime address on Tuesday that we are in the ‘year of volatility’ that is normal.

So it is normal to be down by 13% during the 2nd year after governments bails out the banks.

Peter expects at least 2 of the PIIGS to default as ‘Europe is sad & bad’.
However if PIG do fall then at most 3% of Europe wealth.

He commented that OECD government bonds are greater that the OECD net wealth & that it takes 5 to 14 years for government deficits to be reduced to sustainable levels.

Peter is optimistic about China prospects as 36 million more units & infrastructure is being built in Tier 2, 3 cities.

In Australia rates will go up to 5.75% in a year’s time & hence exchange rates will stay above parity for longer.

He observed that overseas fund managers consider the government ‘ hopeless’ & hence are repatriating their funds out.
This is another reason why equity markets have weakened.

Thanks again ‘poll dancers’.

After August 2012 Peter suggests as Peter from Sky Business says it is ‘off to the races’ with a gain of 40%.


Then we have Porter from The USA forecasting ‘the end of America’.
He is particularly negative. We have been following him for 3 years & he has made the big calls correctly. He particularly blames big government & their causes of most of the volatility.

He suggests this is caused by paper money, the explosion of debt, the military & where losses e.g. GFC are socialised but the profits are private.Porter is placing all his core shares on hold & has some ‘shorts’ on financials & even more trouble on the US real estate market.

He calls this 'the Great Correction’.



Then we have Steve who have subscribed to for 4 years.
Although he would prefer to be optimistic he comments that ‘the trend is down’ & markets are ‘wobbly’.

Hence again his core stocks are on hold & he is only adding gold at present as are the above two. Where else do the big players park their money?


Then we read this morning from Doug who summarises it all with ‘we are not out of the woods yet’.

It all depends on the US reporting season & if negative then ‘it will in effect serve as a great low-risk buying opportunity when the dust settles’.


So you are right as ‘Australian retail cash deposits are at a record high of $560 billion, an 8.9% increase for the year to March and 1.5% increase for the quarter to March, according to the latest CoreData Australian Cash report.
Credit unions, interestingly enough, have been growing at an above system rate of 10.1% for the year to March and 1.6% for the quarter to March 201’.


What the commentators say doesn’t necessarily help you.
Leaving funds in cash forever doesn’t achieve that 1,000,000 very fast.

We all have the challenges of wanting or needing to be independent of government as at present they are all broke or on the path to being so.

The Common thread of all this is ‘Sovereign risk’ & with 500+billion in government bonds Australia is on the slippery slope.
We have the challenges of becoming a millionaire with a million in capital outside the house, less taxx & less debt.

It also means good health & from what we have observed recently some better estate planning.

Here to help you & welcome to call on 07 3848 1088 or email
John McAuliffe

Yes you are right & what the seers are saying

Yes you are right & What the financial commentators are saying ?

Yes we are where Peter from Bell Potter says we are in the cycle.
Peter showed us on a template during his lunchtime address on Tuesday that we are in the ‘year of volatility’ that is normal.

So it is normal to be down by 13% during the 2nd year after governments bails out the banks.

Peter expects at least 2 of the PIIGS to default as ‘Europe is sad & bad’.
However if PIG do fall then at most 3% of Europe wealth.

He commented that OECD government bonds are greater that the OECD net wealth & that it takes 5 to 14 years for government deficits to be reduced to sustainable levels.

Peter is optimistic about China prospects as 36 million more units & infrastructure is being built in Tier 2, 3 cities.

In Australia rates will go up to 5.75% in a year’s time & hence exchange rates will stay above parity for longer.

He observed that overseas fund managers consider the government ‘ hopeless’ & hence are repatriating their funds out.
This is another reason why equity markets have weakened.

Thanks again ‘poll dancers’.

After August 2012 Peter suggests as Peter from Sky Business says it is ‘off to the races’ with a gain of 40%.


Then we have Porter from The USA forecasting ‘the end of America’.
He is particularly negative. We have been following him for 3 years & he has made the big calls correctly. He particularly blames big government & their causes of most of the volatility.

He suggests this is caused by paper money, the explosion of debt, the military & where losses e.g. GFC are socialised but the profits are private.Porter is placing all his core shares on hold & has some ‘shorts’ on financials & even more trouble on the US real estate market.

He calls this 'the Great Correction’.



Then we have Steve who have subscribed to for 4 years.
Although he would prefer to be optimistic he comments that ‘the trend is down’ & markets are ‘wobbly’.

Hence again his core stocks are on hold & he is only adding gold at present as are the above two. Where else do the big players park their money?


Then we read this morning from Doug who summarises it all with ‘we are not out of the woods yet’.

It all depends on the US reporting season & if negative then ‘it will in effect serve as a great low-risk buying opportunity when the dust settles’.


So you are right as ‘Australian retail cash deposits are at a record high of $560 billion, an 8.9% increase for the year to March and 1.5% increase for the quarter to March, according to the latest CoreData Australian Cash report.
Credit unions, interestingly enough, have been growing at an above system rate of 10.1% for the year to March and 1.6% for the quarter to March 201’.


What the commentators say doesn’t necessarily help you.
Leaving funds in cash forever doesn’t achieve that 1,000,000 very fast.

We all have the challenges of wanting or needing to be independent of government as at present they are all broke or on the path to being so.

The Common thread of all this is ‘Sovereign risk’ & with 500+billion in government bonds Australia is on the slippery slope.
We have the challenges of becoming a millionaire with a million in capital outside the house, less taxx & less debt.

It also means good health & from what we have observed recently some better estate planning.

Here to help you & welcome to call on 07 3848 1088 or email
John McAuliffe

The following three projects recently listed by our Melbourne Residential Projects Team.

Each project offers its own unique appeal, below is a brief description of each;

1. 587-589 Elizabeth Street, Melbourne VIC

a. Boutique development of 55 apartments close to Queen Victoria Market, the University of Melbourne and the Royal Melbourne Hospital

b. Developed by Austgroup Holdings and designed by Architects Eat

c. Project due for commencement in December 2011 (so significant stamp-duty savings available now) and due for completion 18 months thereafter

d. One bedroom apartments 45m2 internal to 60m2 internal ($380,000 to $435,000)

e. Two bedroom apartments 53m2 internal to 68m2 internal ($390,000 to $560,000)


2. 457 Lygon Street, Brunswick East VIC

a. Boutique development of only 40 apartments all with storage and at least one car parking space, Upper Lygon is just a stones throw from the famous Italian Quarter

b. Contemporary five story building, open plan living, stone bench tops, reverse cycle air-conditioning and stainless steel European appliances

c. Architect is D’Orio Architects

d. One bedroom apartments 49m2 internal to 63m2 internal ($390,000 to $480,000)

e. One bedroom + study apartments 53m2 internal to 65m2 internal ($425,000 to $560,000)

f. Two bedroom apartments 67m2 internal to 79m2 internal ($550,000 to $620,000)



3. 26-38 Merri Parade, Northcote VIC

a. Development consists of 79 apartments and 14 town houses. Majority of apartments come with one car parking space.

b. All forms of transportation are a stones throw away. Also, a very unique offering for Parade residents with a Go Get Share Car available with zero joining and monthly fees for the first twelve months.

c. One bedroom apartments 39m2 internal to 51m2 external ($350,000 to $430,000)

d. Two bedroom apartments 76m2 internal to 84m2 external ($570,000 to $650,000)

e. Townhouses 121m2 internal to 183m2 external ($850,000 to $950,000)
Townhouse come with minimum one car space, most have two.

If you may be interested in any of the above projects
please do not hesitate to contact us on 07 3848 1088 or email

We would be very pleased to assist.

Kind regards,

John McAuliffe

Could this be you?

Could this be you?

Good afternoon John,

Well we have had our tax assessment come back from the accountant for the 2010 financials and we have an estimated bill of around $35k combined.

We aren't happy with the service we are getting from this accountant, and seemingly have to continue to pay ridiculous amounts of tax all the time. One needs to wonder why we are working so hard to continue to get slapped in the face by the tax man.

We have asked her on a number of occasions to give us guidance / advice on how to 'divert' our money from the ATO, but never get anything from her.

Before we sign off these assessments, we were hoping to have another accountant review our figures to see what they can come up with.

Do you know of any 'creative accountants' that could help us?

Thanks,
‘Ann’

Yes that to could be your challenge.

However accountants who are generally ‘compliant book keepers’ are very limited & are not creative in their advice. Buying cars or houses is frequently their safe option although they are now warming to super. Their suggestion of SMSF is frequently glib & you need a sizable amount to be considered.

However super has government risk & most people now want no advice with their super.

Very simply if you are earning a gross 100K then Taxx [‘Ann’ spells it differently] is 25,000.
Then if you have an average mortgage say 350,000K @ 7.2% interest only you pay another 25,000 without reducing your debt levels.

AND that leaves 50K to live on and you can’t.

No wonder house prices are falling& most know this by now. It is called a weak market by sellers & RE agents.

Of course as the workers are feeling the pinch then they are all going out to strike as they need more to live on.

It’s a vicious circle as we then have wages pushing up prices which suggests inflation later which means the gnomes in Martin place, the RBA, increases rates. Increasing rates pushes house prices down.

It also pushes share prices down which lowers the value of your retirement funds. Therefore you work longer and live on less.

Thanks heaps to the marginal voter & the ‘fence sitters’ in the House.


If you are a similar position as “Ann’ with 1 or more rental properties then are you any better off?

‘Ann’ earns say 150,000
Her negative cashflow from 3 ‘rental properties’ is say 30,000++
Hence taxable income is 120,000-
Her taxx = 32,351
Hence a net 87,649
Her mortgage is 460,000 & larger because her income is larger.
Hence interest only is 33,120 which feeds the bank but doesn’t reduce her home debt.

Which leaves 54,529 to live on which is 1049 per week.

We all need MORE that to live on as you know.

‘Ann’ can see that her lifestyle is no better off with 3 rental properties than a person on 100K with no rental properties.

However ‘Ann’ may not want to sell in this weak market & the 4% costs in doing so.
This shows that you need to be earning close to 150,000 if you have a rental property & to live.

If you are not earning this then what do you do.

Ann needs to let the taxx man subsidise her own home mortgage out west of here.
That reduces the total take that the taxx man & the bank take from her.

How do you qualify for such a solution?

If you have a LVR less than 70%, you can save $10 per day or 3k p.a. and don’t want to be subsidising the pension with your super and have a ‘positive’ risk profile.

then you are welcome to call 07 3848 1088 or email or visit our websites.

You might do so before June 30th although our options are limited by the time frame.

Give us time & we will [may] have a solution for you.

John McAuliffe