emigrating to other countries

last SG · 2008-02-15T11:32:29+00:00

From what I understand from my China classmates, Singapore willingly throws PR at them. They come here on subsidized studies, and are required to work X ye...

Short Ninja SG

Jim Rogers is still an American rite? So whats the big deal?

fishbuff SG

im in brisbane now. even with the rise of the interest rate, the properties are selling like hotcakes here.

probably different states have different stamp duty i guess. i hope Kevin Rudd can do something about all these taxes and interest rates hikes soon.

$450-500k? that is a good buy in melbourne, hope it is near to the city and in good suburb.

How to Legally Reduce Your Tax Authors: Tony Melvin & Ed Chan

ISBN: 9780977536429 ISBN-10: 0977536424 Publisher: The Knowledge Centre Pty Ltd Format: Paperback Book Pages: 300 Language: English

fishbuff SG

Jim Rogers is still an American rite? So whats the big deal?

my question is; does his sons need to serve NS?

assimilation into sg culture and society is imperative in assessing a migrant's contributions. but they keep living the high lives and avoid all NS, then that will raise indignation among the SG locals. remember the slogan; "jobs for foreigners, NS for singaporeans?"

Genie99a SG

im in brisbane now. even with the rise of the interest rate, the properties are selling like hotcakes here.

probably different states have different stamp duty i guess. i hope Kevin Rudd can do something about all these taxes and interest rates hikes soon.

$450-500k? that is a good buy in melbourne, hope it is near to the city and in good suburb.

How to Legally Reduce Your Tax Authors: Tony Melvin & Ed Chan

ISBN: 9780977536429 ISBN-10: 0977536424 Publisher: The Knowledge Centre Pty Ltd Format: Paperback Book Pages: 300 Language: English

Thanks for the read.... and yea i'll be hit very hard by interest rate rises ....i'm mortgaged heavily.... but then again its a good buffer against inflation (which is even scarier than the interest rate rises )

I have a feeling due to the "boom" .... property prices will continue to escalate

then $ will start to fall from trees and we wont be stressing too much about interest rates

TCH05 SG

I have a feeling due to the "boom" .... property prices will continue to escalate

then $ will start to fall from trees and we wont be stressing too much about interest rates

haha,..thats exactly what happened to america isnt it? what goes up must come down..:D

Genie99a SG

haha,..thats exactly what happened to america isnt it? what goes up must come down..:D

I know .... but its also how alot of Singaporeans struck it rich in property.

No risk no gain....... if it turns sour *gulp*.... nvm that

fishbuff SG

I know .... but its also how alot of Singaporeans struck it rich in property.

No risk no gain....... if it turns sour *gulp*.... nvm that

but u have tried borrowing from the banks before and know just how strict their asssessment are; min 1 year of perm job work or 6month of good profits in your company. +20% down payment or else get a mortgage insurance. Even with insurance, the insurers dont grant their insurance to anyone unless they do a background checks on the applicant for bad credit.

i dont think there are many predator lending in Oz unlike in the USA. coupling with massive influx of migrants and a short supply of houses, it is inevitable that the stress of living space is under servere stress.

we all have gone thru this phase here in australia so we know how the system works.

Genie99a SG

Thats a valid point TCH05. The banks do their homework (that you are capable to finance the loan repayments).

But I try to think positive and i believe the property market is still going strong

I made a small profit from the sale of my 1 room apartment .... I hope to repeat that success *greedy*

Short Ninja SG

His sons probably all grown up and too old to go for BMT

TCH05 SG

Thats a valid point TCH05. The banks do their homework (that you are capable to finance the loan repayments).

But I try to think positive and i believe the property market is still going strong

I made a small profit from the sale of my 1 room apartment .... I hope to repeat that success *greedy*

how much capital gain tax did you pay the last time?

what is your cost of borrowing for your current property?

Genie99a SG

how much capital gain tax did you pay the last time?

what is your cost of borrowing for your current property?

Don't think i paid any, its not an invesment property. (I stayed in it for more than a year)

Cost of borrowing will depend on amount borrowed/interest rate/time taken to repay the loan. (I don't see exact figures serving any purpose except reminding myself I'm in alot of debt so I'll try not to )

TCH05 SG

Don't think i paid any, its not an invesment property. (I stayed in it for more than a year)

just remember that property is not as liquid as stocks, so make sure you have holding power during downturn.

Genie99a SG

just remember that property is not as liquid as stocks, so make sure you have holding power during downturn.

I'll be fine .... whatever the turn down up left right center..... i'll still need a roof and I don't want to pay rent

Genie99a SG

Double post

maurizio13 SG

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TCH05 SG

I'll be fine .... whatever the turn down up left right center..... i'll still need a roof and I don't want to pay rent

It really depends how much loan you take because if the value of your property doesnt appreciate faster than the interest rate of your mortgage, you are actually becoming poorer.

onlooker123 SG

How much is the capital gains tax?

TCH05 SG

How much is the capital gains tax?

I believe the capital gain from property will become part of your income and it is subject to similar tax structure as income tax. which can be as high as 40 over %.

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