[aurorParticipant@aurorJoin Date: 2009Post Count: 6]

January 21, 2009 - 2:56 am

these guys are pretty good:
http://depreciator.com.au

the exact figure will vary so I don't know how much you can claim through your IP. but you can try the online schedule here:

are you going to rent yours out immediately or live in it for 6 months?

[aurorParticipant@aurorJoin Date: 2009Post Count: 6]

January 21, 2009 - 12:05 am

I've looked at homebush west but was put off by the large numbers of units in the area – might make it hard to sell as there's generally lots of others selling at the same time.

you need to live in it for 6 months to claim the FHOG, but when you turn it into an IP make sure you get a depreciation schedule done to maximise cashflow.

[aurorParticipant@aurorJoin Date: 2009Post Count: 6]

January 15, 2009 - 3:22 am

I know! it's totally rude (luckily my parents hadn't given notice yet). It seems to me that a compensation of rent would be fair (I just don't know about the legal part). Their solicitor is unfortunately a bit useless – uncontactable on an overseas business trip. That's why I'm asking here…

Thanks, terryw!

[aurorParticipant@aurorJoin Date: 2009Post Count: 6]

January 15, 2009 - 3:22 am

I know! it's totally rude (luckily my parents hadn't given notice yet). It seems to me that a compensation of rent would be fair (I just don't know about the legal part). Their solicitor is unfortunately a bit useless – uncontactable on an overseas business trip. That's why I'm asking here…

Thanks, terryw!

[aurorParticipant@aurorJoin Date: 2009Post Count: 6]

January 15, 2009 - 3:07 am

bump?