I am sure you can find others, and get other recommendations, but I have used these guys a few times, and whilst they advertise they charge a small fee for updating them for you when required, I actually haven’t had to pay the two times I have had them updated (probably as I was a return customer). They did take…[Read more]

I was exploring the CGT stuff, as if I were not liable for CGT on the transfer to my…[Read more]

http://www.domain.com.au/news/staying-over-at-boyfriends-place-costs-sydney-woman-first-home-owner-grant-20160317-gnl2ur/

John

Thanks for the help anyway.

So to clarify on the CGT, if I transferred 50% to her I would cope a CGT event, and then if we sold it in say 12 months time and it went down, she would get a capital loss??? Not exactly a great outcome, though in the…[Read more]

Doing it the other way make good sense in my option and I am offering up…[Read more]

I have had my investment property for a number of years and it has always been in my name, and so have the loans. We have recently sold our old PPOR and are buying a new one due to…[Read more]

This is one that I have look at for years, nearly 6 years actually, as I am coming up to the 6 year mark for my own PPOR in sydney since we started renting it out and we are looking at selling to capitalise on this, as to continue renting it out would be a huge hit to the hip pocket between capital gains and what we would be exempt…[Read more]

This is one that I have look at for years, nearly 6 years actually, as I am coming up to the 6 year mark for my own PPOR in sydney since we started renting it out and we are looking at selling to capitalise on this, as to continue renting it out would be a huge hit to the hip pocket between capital gains and what we would be exempt…[Read more]

If you are planning on retiring or a sea/tree change, then perhaps selling may be a good idea, it…[Read more]

If you are planning on retiring or a sea/tree change, then perhaps selling may be a good…[Read more]

I do have a left field question about travel and I assume the answer won’t be in my favour (ATO nearly always has the odds stacked against you), however it is worth asking…[Read more]

As the average IP is negatively geared from the start, the “savings” from a lease come from the savings on tax, whenever I EVER…[Read more]

One easy solution (as others have stated) is to borrow the maximum amount (80%) and put the money they…[Read more]

I am assuming your bank meant that he could not…[Read more]

Welcome to the weird and wacky world of property investing, I have been at it as an amateur for over 10 years now and still feel like I really know next to nothing, these forums are an excellent place to ask questions and learn things.

Good luck with your investing.

My point being, everyone will have a different opinion. Also price would be another thing, no good list 5 million dollar plus suburbs if you only want to spend $300K

For Brisbane, I am seeing a lot of activity stirring in Brissy and from experience am finding the inner north…[Read more]

  "they cannot be a normal tax deduction as the property is not rented"      So, for clarification, has the Sydney place been not rented for the last 4 years?   Or is there more to the story?  e.g. "it was rented, but the tenants moved out xx months ago….." 

To elaborate on that part, I meant the house we are currently living…[Read more]

We didn't do the roof though, and I…[Read more]

Unfortunately unless you can prove it was…[Read more]

There are many you can use, I don't know most of them as the one I use works.
The one I use is Depreciator, I have a few DS from them and they are excellent: http://www.depreciator.com.au/
They charge around $650 and they will charge you $50 to update it when you make changes…[Read more]

If you have an unconditional contract ( I have never had one without…[Read more]

I made this same mistake, and now cannot access the collateral in our property. As we are wanting to organize finance quickly for our new home we have cross collateralised (gasp!) our old PPOR now IP to reduce what we need to pay as a deposit for our new PPOR. I know this cross collaterlising  is often seen as a dirty…[Read more]

Generally the spa would have to be specifically mention as included in the contract (usually listed items are on the first page ir two these include dishwashers and any other non -standard item), if it was not, then the vendor has the right to pull it out all together as…[Read more]

My concern is if an insurance company would frown upon this and if the ATO would as well, but if there is no issue I will jsut let the tenant decide which they would prefer.

I will have to look into what is…[Read more]

I feel for you and your family, as it would not be a nice situation to be in, but that being said I think you need to look at the reality  of it. You are living in a house work twice that of an outer suburbs property in most cities, and you only owe 60% LVR. I really don't want to sound rude, but the reality of it is you are living…[Read more]

As other have said first and foremost, if you can't afford it or don't see it ever going up whilst you own it, then get rid of it, you wouldn't keep a car that ran through $200 of fuel and oils a week when it should be using $50.

But, true investing is for the long term, anyone who says they buy and sell properties are not investors…[Read more]

No. These are essentially worthless.

OSR may also insist on a valuation for stamp duty purposes.

Not to mention that an agents valuation can often be optimistic and more than a real valuation, they may quote at 10-20k above what a real value is, meaning you pay more CGT..

Remember to add other items to reduce the CG, a good tax accountant when it comes time to pay your dues will be important, costs such as capital…[Read more]

I bought the air con myself from Bing Lee for about $900-$1000 on sale it was a Kelvinator 6.5kw I believe, (not inverter – inverter units are more expensive save electricity in how they operate, I didn't care much as i wasn't paying the…[Read more]