PropertyInvesting.com | AM2778 | Activity https://www.propertyinvesting.com/members/am2778/activity/ Activity feed for AM2778. Wed, 15 Apr 2026 10:05:56 +0000 https://buddypress.org/?v=2.8.1 en-US 30 hourly 2 ccb4c10dfee3e29f43b34fefdbc273b6 AM2778 started the topic Recommendations on Mortgage Broker from Brisbane (Northside) in the forum Finance https://www.propertyinvesting.com/topic/5019619-recommendations-on-mortgage-broker-from-brisbane-northside/ Tue, 02 Feb 2016 06:19:47 +0000 Hi All,
Ive recently moved to Brisbane and am seriously looking for recommendations on a good/sound mortgage broker who0 can help us out with Finance/Re-finance.

Would appreciate recommendations.

many thanks
AM

]]> 8ccfaa94a6c553dd651b3597f1ba7af3 AM2778 replied to the topic Change of Main Residence - clarification required for CGT Exemption & 6 yr rule in the forum Legal & Accounting https://www.propertyinvesting.com/topic/5018947-change-of-main-residence-clarification-required-for-cgt-exemption-6-yr-rule/#post-5019437 Thu, 28 Jan 2016 23:17:48 +0000 Thank you very much for the clarification.
Very much appreciate the information thats been provided.

Regards
AM

]]> d9bae1fc54e62062b077aa77a307aca4 AM2778 replied to the topic Change of Main Residence - clarification required for CGT Exemption & 6 yr rule in the forum Legal & Accounting https://www.propertyinvesting.com/topic/5018947-change-of-main-residence-clarification-required-for-cgt-exemption-6-yr-rule/#post-5019400 Wed, 27 Jan 2016 06:10:40 +0000 One last thing – what are the thoughts around this

– If you sell the old home within 6 months of purchasing the new home – both properties are covered by the main residence exemption;

In my case, if I sell the Melbourne property within 6 months of the purchase of Brisbane property then:
1) Melbourne property sale proceeds will be CGT exempt
2) W…[Read more]

]]> 6bd111b5c379ff07af667d976b619d0a AM2778 replied to the topic Change of Main Residence - clarification required for CGT Exemption & 6 yr rule in the forum Legal & Accounting https://www.propertyinvesting.com/topic/5018947-change-of-main-residence-clarification-required-for-cgt-exemption-6-yr-rule/#post-5019400 Wed, 27 Jan 2016 06:10:40 +0000 One last thing – what are the thoughts around this

– If you sell the old home within 6 months of purchasing the new home – both properties are covered by the main residence exemption;

In my case, if I sell the Melbourne property within 6 months of the Brisbane property then:
1) Melbourne property sale proceeds will be CGT exempt
2) When I do d…[Read more]

]]> 7d2eed19af615c79357a2f475113b771 AM2778 replied to the topic Change of Main Residence - clarification required for CGT Exemption & 6 yr rule in the forum Legal & Accounting https://www.propertyinvesting.com/topic/5018947-change-of-main-residence-clarification-required-for-cgt-exemption-6-yr-rule/#post-5018979 Tue, 12 Jan 2016 23:57:56 +0000 Thanks Terry. You have been very helpful and informative.

AM

]]> b802a05eb4bd76cef410ce1784c0241e AM2778 replied to the topic Change of Main Residence - clarification required for CGT Exemption & 6 yr rule in the forum Legal & Accounting https://www.propertyinvesting.com/topic/5018947-change-of-main-residence-clarification-required-for-cgt-exemption-6-yr-rule/#post-5018975 Tue, 12 Jan 2016 22:43:29 +0000 I understand. So in summary:

1) When I sell the Melbourne property within the 6 year period, the sale event will be CGT exempt.
2) The new PPOR in Brisbane will be subject to CGT (if and when i decide to sell it).

What if, after a couple of years of selling the Melbourne property (for which the sale was CGT exempt), I decide to do the…[Read more]

]]> 5f96aaea136c58678d1bd263308ec3e9 AM2778 replied to the topic Change of Main Residence - clarification required for CGT Exemption & 6 yr rule in the forum Legal & Accounting https://www.propertyinvesting.com/topic/5018947-change-of-main-residence-clarification-required-for-cgt-exemption-6-yr-rule/#post-5018962 Tue, 12 Jan 2016 06:11:47 +0000 So I decide to sell the Melbourne Property and nomianate that property as my PPOR. the sale proceeds will be CGT exempt.

What if, after 2 years, I decide to sell my Brisbane Property that I’m currenytly residing in. Will the sale of the Brisbane Property be subject to CGT?

Thanks
AM

]]> 7a64e504d9ebcf2ca60122330976666b AM2778 replied to the topic Change of Main Residence - clarification required for CGT Exemption & 6 yr rule in the forum Legal & Accounting https://www.propertyinvesting.com/topic/5018947-change-of-main-residence-clarification-required-for-cgt-exemption-6-yr-rule/#post-5018954 Tue, 12 Jan 2016 03:44:56 +0000 Thanks Terry.

So, I’m currently living in Brisbane. Thats my current PPOR.

With the my former PPOR, now IP, I need clarity on the following:

1) Can I claim tax deductions for the expenses incurred for the Melbourne Property Rental?
2) In the event that I do decide to sell the Melbourne Property, will I be paying CGT?

Many thanks
AM

]]> 957173a85ea954f046b372ce1c0c89a4 AM2778 started the topic Change of Main Residence - clarification required for CGT Exemption & 6 yr rule in the forum Legal & Accounting https://www.propertyinvesting.com/topic/5018947-change-of-main-residence-clarification-required-for-cgt-exemption-6-yr-rule/ Tue, 12 Jan 2016 01:08:06 +0000 I had a PPOR in Melbourne that I purchased in June 2007. I decided to invest in Brisbane and bought a property with an investment loan in August 2015 with a 90 day settlement period; settling in October 2015.
During the settlement of the Brisbane Property, I got offered a job in Brisbane. I decided to move into the Brisbane Property (New PPOR) and…[Read more]

]]> 77b1522546ee0053dfa79967ece19064 AM2778 started the topic Purchasing a property in Hawthorne QLD; first use as an IP and then a PPOR in the forum General Property https://www.propertyinvesting.com/topic/5010271-purchasing-a-property-in-hawthorne-qld-first-use-as-an-ip-and-then-a-ppor/ Mon, 13 Jul 2015 01:03:43 +0000 Hi All,

A couple of questions I wanted to throw it out there to the forum:

1) Hawthorne QLD
– Whats the review of the suburb?
– Whats Capital Growth v/s Rental Yield?
– Hows the schooling?
– Is it good place to live or to rent it out ?

2) First use as an IP and then a PPOR
– I want to buy a property in Hawthorne, first as an IP and then move…[Read more]

]]> b4c08ea50386e2077fa6bee38c61f749 AM2778 started the topic When to commence Landlord Insurance on Investment Property ? in the forum General Property https://www.propertyinvesting.com/topic/5004492-when-to-commence-landlord-insurance-on-investment-property/ Sat, 28 Mar 2015 21:53:55 +0000 Hi All,

I have paid a deposit on the Investment Property on March 28 based on the unconditional approval from the Lender.
The settlement is due on May 1.

When should I take out Landlord Insurance on the property –
1) Should I be taking out the Insurance from when I paid the deposit? or
2) Should I be taking out the Insurance from the Settlement…[Read more]

]]> 9d009fbee9f667504389f0017058e237 AM2778 started the topic Conveyancer needed for Brisbane property purchase; I'm based in Melbourne in the forum General Property https://www.propertyinvesting.com/topic/4998129-conveyancer-needed-for-brisbane-property-purchase-im-based-in-melbourne/ Mon, 05 Jan 2015 22:06:10 +0000 Hi All,

I’m based in Melbourne and have a contract of sale for a property in Brisbane.
Before I put an offer of purchase, I’d like the contract of sale to be reviewed by a conveyancer.
None of the Melbourne based conveyancer are willing to review the contract and have advised that I contact a QLD based conveyancer.
Can anybody recommend a QLD…[Read more]

]]> 2dd1c53dea95481fa4bfde3652561c98 AM2778 replied to the topic Brisbane Property Market in the forum General Property https://www.propertyinvesting.com/topic/4994017-brisbane-property-market-2/#post-4994990 Sat, 27 Sep 2014 22:10:21 +0000 Hi All,
What about the Bayside Suburbs in Brisbane? Cleveland, Victoria Point, Wynnum, etc.
It seems that these areas have a good rental yield…. > 5%.

Considering that I am based in Melbourne and am not that familiar with Brisbane Property Market, I’m seeking advice if these areas are worth investing in?

Feedback on this will be greatly…[Read more]

]]> 8efb7a28e01cc0206d75b35f9e199cc1 AM2778 replied to the topic Brisbane Property Market in the forum General Property https://www.propertyinvesting.com/topic/4994017-brisbane-property-market-2/#post-4994119 Wed, 27 Aug 2014 22:45:38 +0000 Thank you superAndrew for the response and the details provided.
I will surely use the tool that you have provided and also look into doing the legwork to gain an understanding

Thanks heaps for the advice.
Much appreciated.

]]> f8bf7f38db7ff70906b06a3bf6e19c31 AM2778 started the topic Brisbane Property Market in the forum General Property https://www.propertyinvesting.com/topic/4994017-brisbane-property-market-2/ Mon, 25 Aug 2014 23:47:06 +0000 Hi All,

I’m interested in understanding whats the condition of the Brisbane property market. Is there potential for Brissy to see Capital Growth?

is it a good time to invest or nor ? if so, what suburbds should I be looking at ?

Also, for an interstate investor like myself, whats the best way to buy a property in Brisbane ? Is it worth…[Read more]

]]> 74fe8692ca8c0ec19541ee92e69a5cb2 AM2778 replied to the topic Can the PPOR LOC be paid down by Accessing the Equity from IP? in the forum Finance https://www.propertyinvesting.com/topic/can-the-ppor-loc-be-paid-down-by-accessing-the-equity-from-ip/#post-4698284 Wed, 29 Jan 2014 23:52:49 +0000 Jate,

I could not agree more.

I would like to reduce the LOC secured against the PPOR and continue to use only the LOC secured against the IPs..

The problem that I'm facing is that the there is not enough Equity built up in the IPs to get a LOC and use the funds in the LOC to pay down the PPOR LOC.

Perhaps, its just the market…[Read more]

]]> 01fa7d3fd16c84c00854c0950f3d0da9 AM2778 replied to the topic Can the PPOR LOC be paid down by Accessing the Equity from IP? in the forum Finance https://www.propertyinvesting.com/topic/4410527-can-the-ppor-loc-be-paid-down-by-accessing-the-equity-from-ip/#post-4698279 Mon, 13 Jan 2014 07:17:38 +0000 No particular reason. My guess is that freeing up the PPOR LOC with the IP LOC will have 2 benefits:

Can use the PPOR LOC for another IP pruchase – IP 2.

Have Cash flows of the IP 1 (rent and Loan Repayments) come out of IP 1 LOC.

No. PPOR LOC does not have a high rate …

Thanks

]]> 5ab80571308e568154af0f1ca45ded07 AM2778 replied to the topic Tax Deductions for Interest on Capital Costs and Borrowing Expenses in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4404569-tax-deductions-for-interest-on-capital-costs-and-borrowing-expenses/#post-4654749 Wed, 31 Aug 2011 06:55:03 +0000 Terryw wrote:
You will have to be very careful as the ATO could deny deductibility.have you seen TD 2011/D8http://law.ato.gov.au/atolaw/view.htm?docid=%22DXT%2FTD2011D8%2FNAT%2FATO%2F00001%22

Thanks Terry. I will forward this ruling to my accountant.However, I think what I'm trying to get at is:If the IP IO Loan Repayments are coming out of LOC…[Read more]

]]> 57c23004c54a02b65e28ba9ea515a5cd AM2778 replied to the topic Tax Deductions for Interest on Capital Costs and Borrowing Expenses in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4404569-tax-deductions-for-interest-on-capital-costs-and-borrowing-expenses/#post-4654747 Wed, 31 Aug 2011 06:23:57 +0000 Terryw wrote:
What is your reason for using the LOC to pay interest on your investment loan?

Cash Flow Management for one, offset to reduce repayments in to the PPOR. Also, if not from LOC, then from where should the IP repayments come out ?Thanks

]]> 59e8ed23c3f995eb10f2feb4fd12e784 AM2778 replied to the topic Tax Deductions for Interest on Capital Costs and Borrowing Expenses in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4404569-tax-deductions-for-interest-on-capital-costs-and-borrowing-expenses/#post-4654745 Wed, 31 Aug 2011 06:06:59 +0000 Terryw wrote:
Do you mean you are taking the IP repayments from the LOC?Have you had advice on this or taken out a private ruling?If you keep going the limit will be hit on the LOC, then you will hopefully have paid down your PPOR loan by an equal or higher amount and may be able to get a new LOC or increase the existing one.

yes thats correct.…[Read more]

]]> f7e91768144039bac621160cb3a68f79 AM2778 replied to the topic Tax Deductions for Interest on Capital Costs and Borrowing Expenses in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4404569-tax-deductions-for-interest-on-capital-costs-and-borrowing-expenses/#post-4654743 Wed, 31 Aug 2011 05:42:33 +0000 Terryw wrote:
Am,Do you meant the LOC will slowly be used up and the funds available will be diminishing?That would be the case. But even then there would be no reason to pay down the LOC. You would just want to pay the interest each month. If you do start paying it down you would be diverting cash which you could otherwise use to pay down…[Read more]

]]> 90a1bc14937952d2615f429208f962dd AM2778 replied to the topic Tax Deductions for Interest on Capital Costs and Borrowing Expenses in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4404569-tax-deductions-for-interest-on-capital-costs-and-borrowing-expenses/#post-4654741 Wed, 31 Aug 2011 00:42:38 +0000 Thanks Terry.A follow up to your response:At some point, the LOC will be getting thinner with all the Outgoings- i.e.IP IO Repayments coming out of LOC. So, I would have to payback some amount in to the LOC to sustain Outgoings from the LOC. If this is correct, then would it matter when I put in money into the LOC? Beginning of the Financial Yr or…[Read more]

]]> bcfd2516e3add715b939bb97eae53533 AM2778 replied to the topic Tax Deductions for Interest on Capital Costs and Borrowing Expenses in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4404569-tax-deductions-for-interest-on-capital-costs-and-borrowing-expenses/#post-4654739 Tue, 30 Aug 2011 23:18:12 +0000 I can understand the Capitalisation of Interest for the "Capital Costs" and the "Borrowing Expenses" from the LOC. This can claimed upto 5 yrs. However, with all the outgoings for the IP (Water, Rates, etc.) + IP IO deductions coming out of the LOC, I assume that these outgoings would have to be paid back. That way the Outgoings for the next Fi…[Read more]

]]> d294ff726aa8b6c363ceb805baadf04f AM2778 replied to the topic Tax Deductions for Interest on Capital Costs and Borrowing Expenses in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4404569-tax-deductions-for-interest-on-capital-costs-and-borrowing-expenses/#post-4654733 Tue, 30 Aug 2011 09:31:06 +0000 No the rent is going to the offset account linked to the PPOR.So, if  I do recieve a refund as a result of negative gearing, do I put it straight back towards the LOC?Basically, any outgoing expenses incurrend in a Financial Year (Year 1) have to be paid back or can the expenses be carried over to the next financial year (Year 2)?

]]> 3794b5ea147dd46e34bce1286f7a57fe AM2778 replied to the topic Melbourne - Need Good Property Accountant in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4390601-melbourne-need-good-property-accountant/#post-4572920 Fri, 12 Nov 2010 00:04:44 +0000 I have been on the lookout for a good reference for really good Property Tax Accountant in the Western Suburbs of Melbourne.Surely, somebody can recommend a good Tax Accountant

]]> 5796422d261d08b8de6facd924e64e3f AM2778 replied to the topic Buyers Agent recomendations for around Brisbane? in the forum Help Needed! https://www.propertyinvesting.com/topic/4401771-buyers-agent-recomendations-for-around-brisbane/#post-4635506 Thu, 04 Nov 2010 21:51:32 +0000 We contacted – "Property Pursuit". They are located in Paddington.Very professional.Website – http://www.propertypursuit.com.au"

]]> 8beb91dc75ffce36c2e913b79913a927 AM2778 replied to the topic Rental income into PPOR, any tax implications? in the forum Help Needed! https://www.propertyinvesting.com/topic/4401632-rental-income-into-ppor-any-tax-implications/#post-4634807 Mon, 25 Oct 2010 22:42:24 +0000 InvestmentPupil wrote:
Ben – I believe so, otherwise they won't be called a Bank and but instead a Pot-of-Gold-Free-4-All :) AM2778 – Not sure why you're not having your repayments coming direct from your offset instead? (if you're paying off your LOC loan with your LOC, you're capitalizing interest are you not?). I think ATO does not like…[Read more]

]]> 5a4dc541c6c32aba7199e8672301bd94 AM2778 replied to the topic Rental income into PPOR, any tax implications? in the forum Help Needed! https://www.propertyinvesting.com/topic/4401632-rental-income-into-ppor-any-tax-implications/#post-4634797 Mon, 25 Oct 2010 04:36:31 +0000 I have the same Set Up:1) Rent from the IP goes into the 100% Offset account lnked to the PPOR.2) Loan of the IP is Interest Only, and the Interest Only Repayments gets debited from the LOC on PPOR.3) LOC is Interest Only, and the Interest Only  Repayments gets debited from the 100% Offset account lnked to the PPOR.If the IP is -vely geared, the d…[Read more]

]]> 83bf1969e094607aed9fa9816d17e3bc AM2778 replied to the topic Tenancy Agreeement in the forum General Property https://www.propertyinvesting.com/topic/4401491-tenancy-agreeement/#post-4633983 Thu, 14 Oct 2010 23:10:28 +0000 State where the Property is located – VICI have the following:*  paper lease signed by landlord (former owner) and tenant  ? Yes. Secure Lease till the 30/04/2012.*  a tenant bond lodged with the Rental Bond Board  ? No. The Former Landlord and Tenants are known to each other. *  an inbound condition report ? No. The Property is in really good co…[Read more]

]]> 8a69451b930bed282f70994dba0af92d AM2778 replied to the topic Loan Structures for IP and LOC on PPOR in the forum Finance https://www.propertyinvesting.com/topic/4401470-loan-structures-for-ip-and-loc-on-ppor/#post-4633845 Tue, 12 Oct 2010 21:58:11 +0000 Thanks Terry.No schemss for me. Looks like its constant supervision to co-oridniate the repayments between the Loans that I have and making sure that LOC is always topped up after all the deductions occur.Cant beging to imagine how complicated it is with a multi – Investment Portfolio.Could there be an "Equity Bin" – One LOC servicing all the IPs…[Read more]

]]> 73ff405ef6f283eb0024598f1c164c53 AM2778 replied to the topic Loan Structures for IP and LOC on PPOR in the forum From my understanding, https://www.propertyinvesting.com/topic/4401470-loan-structures-for-ip-and-loc-on-ppor/#post-4633843 Tue, 12 Oct 2010 18:41:18 +0000 From my understanding, Interest on Investment Loan is Tax Deductible. Is Interest on Interest charged for the Investment Loan also Tax Deductible?

Also, can offset account be shared between 2 loans ?

]]> dd09c4e66ad31afa267529d8b2297e9c AM2778 replied to the topic Loan Structures for IP and LOC on PPOR in the forum Thanks Terry https://www.propertyinvesting.com/topic/4401470-loan-structures-for-ip-and-loc-on-ppor/#post-4633842 Tue, 12 Oct 2010 05:19:07 +0000 Thanks Terry

]]> aeeb2ecee4de15256df392bb2c3d664f AM2778 replied to the topic Tax clarification for first IP property in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4401434-tax-clarification-for-first-ip-property/#post-4633675 Tue, 12 Oct 2010 00:29:01 +0000 I  have a question – If Interest Only Repayments on Loan C are getting debited from Loan B and Interest Only Repayments on Loan B are getting deducted from a Transaction/Savings Account, thenWouldnt the funds available in Loan B be decreasing ? I would assume that the amount of Repayment of Loan C would be far greater than the amount of Rep…[Read more]

]]> cc65da6dc0c6d811a9ea00971b91b8c4 AM2778 replied to the topic Tax clarification for first IP property in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4401434-tax-clarification-for-first-ip-property/#post-4633673 Tue, 12 Oct 2010 00:22:43 +0000 From my knowledge, Legal Expenses on Investment Property are not Tax Deductible.Needs to be verified from a Tax Accountant.AM2778

]]> 4444e391588dc8b429cca6a76c83e8af AM2778 replied to the topic IP Deductions ?? in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4401365-ip-deductions/#post-4633234 Sun, 03 Oct 2010 22:31:05 +0000 Thanks Terry.

]]> 8e2b862104f01f96208664658a027a99 AM2778 replied to the topic LOC for maintainence and repayment surplus in the forum Finance https://www.propertyinvesting.com/topic/4400682-loc-for-maintainence-and-repayment-surplus/#post-4628772 Tue, 03 Aug 2010 00:05:44 +0000 I have a question:1) I took out a seperate loan (as an Equity Release) from PPOR. I usesd some of the funds for Personal Stuff – Debt consolidation, PPOR Renos, etc.2) I have refilled the funds so that the whole amount of Equity is available 3) I intend to use the funds from the Equity Release, to put in a deposit for the an IP Purchase.Can this…[Read more]

]]> 30149b11ad1e9ef29998b23b1c5945ac AM2778 replied to the topic IP Loan Structure and Cash Flow Cycle in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4400643-ip-loan-structure-and-cash-flow-cycle/#post-4628518 Thu, 22 Jul 2010 02:47:51 +0000 Thanks Terry once again.

]]> 90894f256cab9e7f8487730fe7f94eae AM2778 replied to the topic IP Loan Structure and Cash Flow Cycle in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4400643-ip-loan-structure-and-cash-flow-cycle/#post-4628516 Thu, 22 Jul 2010 01:17:26 +0000 Thanks Terry. I do have a seperate Loan for the Equity Release.Agree with depositing the Rent into the Offset Account.But where should the IP Mortgage Repayment come out from ??If youre saying not to reduce the Investment Debt, then how can I leverage extra cash for borrowing for future IP purchases ??cheers

]]> a4331131ccde33fc1fbfd1da516d7a19 AM2778 replied to the topic Looking for an Accountant (Property and Tax specialist) in Western Melbourne in the forum Help Needed! https://www.propertyinvesting.com/topic/4400034-looking-for-an-accountant-property-and-tax-specialist-in-western-melbourne/#post-4624925 Sun, 11 Jul 2010 23:32:30 +0000 thanks a lot for the information. Appreciate it. Will check the link.

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