PropertyInvesting.com | balniks | Activity https://www.propertyinvesting.com/members/balniks/activity/ Activity feed for balniks. Mon, 13 Apr 2026 07:15:51 +0000 https://buddypress.org/?v=2.8.1 en-US 30 hourly 2 117e7c60ebe651f718e266e2c911ef97 balniks started the topic PPOR - Rental Insurance Question? in the forum Help Needed! https://www.propertyinvesting.com/topic/5028066-ppor-rental-insurance-question/ Thu, 30 Jun 2016 23:13:22 +0000 Hi guys,

We are looking to sell our home, and a seller recently pulled out due to work being needed. So we are thinking of possibly renting out (our PPOR) for a few years in the mean time, while we buy another house.

Down the track there are things that are going to need to be repaired. Retaining walls, and probably a re stump/leveling too.…[Read more]

]]> 6a2d948468c67cc79afbb7debd81b9d8 balniks started the topic Working out BASE COST for CGT after Renovations in the forum Legal & Accounting https://www.propertyinvesting.com/topic/5015471-working-out-base-cost-for-cgt-after-renovations/ Tue, 03 Nov 2015 08:56:53 +0000 Hi guys,

Just a quick one on how to work out the base cost of a PPOR turned into IP. I believe i may have mucked up my tax return this year, as i’ve since read something i may have missed out on.

Purchase price plus fees etc was approx $160k, i sold for around $207 after deducting selling fees etc too. But i’ve since read that renovations can…[Read more]

]]> e643ba454a36b0046ddd1cea57dfde44 balniks replied to the topic Refinancing a "seniors unit" in the forum Yeah it is for the over 55's. https://www.propertyinvesting.com/topic/4408140-refinancing-a-seniors-unit/#post-4681433 Thu, 22 Nov 2012 22:18:40 +0000 Yeah it is for the over 55's. It at Oxford Crest. And it's strata.

I would like to refinance both IP's, but i mainly just want to uncross collateralise them, if i can't sell the unit for the time being then so be it. I don't want to sell at a huge loss. The interest rate i'm paying on both the IP's is quite large, so ultimately i want to ge out…[Read more]

]]> 581f04edb19a77756ac3c7e0a432f01c balniks replied to the topic Solar Hot Water and Water tank pump deduction? in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4407149-solar-hot-water-and-water-tank-pump-deduction/#post-4673936 Wed, 18 Jul 2012 03:28:07 +0000 The pump and panels with tank probably only $1000 after rebates. But install of each will be approx $1500, that was what i was more hoping to claim straight away, the "labour"?ThanksMichael

]]> 044d8cc36437076d4f9c95f9b7624853 balniks replied to the topic Renting out PPOR & using redraw on loan? in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4403337-renting-out-ppor-using-redraw-on-loan/#post-4645764 Wed, 13 Apr 2011 02:13:24 +0000 "Work out" i should have written.As in, the 6 weeks or thereabouts that it's being rented before i refinance, just not worry about claiming any interest deductions during that time. And start a fresh with the interest deductions when it's refinanced and potentially not seen as a tainted loan?And yes, the 10k i will withdraw will be for repairs on…[Read more]

]]> b907e0ece5c253af64cf2100be71e52f balniks replied to the topic Donga/granny flat on PPOR? in the forum Help Needed! https://www.propertyinvesting.com/topic/4402465-dongagranny-flat-on-ppor/#post-4639694 Fri, 14 Jan 2011 00:08:35 +0000 I was originally going to rent a room at a mates, but i don't know if i can do that now. I was going to buy a house i could renovate again, rather than rent. That was if this unit thing didn't work out. Would i be better off getting in contact with the ATO for definitive answers?

]]> 105fc20f104d684c3b0bb9221acf93ab balniks replied to the topic Tax Return without working (going overseas) in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4402083-tax-return-without-working-going-overseas/#post-4637499 Thu, 02 Dec 2010 20:20:10 +0000 So i wouldn't have to declare any income from properties while i wasn't working? Is that the general thing here? I'm guessing it opens a whole new can of worms if i was getting paid to work in a foreign country but not a citizen of that country?

]]> e6929f1263b59f06113da4328c78e78b balniks replied to the topic Refinancing 2 Loans? PPOR + INVESTMENT (tax question) in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4399806-refinancing-2-loans-ppor-investment-tax-question/#post-4623689 Fri, 07 May 2010 00:15:09 +0000 Cheers, Thanks a heap guys :)

]]> ab28fdb47473242d19eba6e1250e1f7c balniks replied to the topic Redraw on current loan or get another loan? in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4394598-redraw-on-current-loan-or-get-another-loan/#post-4594970 Fri, 31 Oct 2008 01:25:27 +0000 Thanks again,So, i understand what you are saying, to set it up for my long term goals. My P&I loan is already a 100% offset, so i could just change that now to IO.  RHG do 5 years IO.  (I would be looking at probably $2500 in exit/ entry fees on a new loan/s) So in theory, doing that will lower my weekly repayments now, while keepin money in t…[Read more]

]]> 6b6b5dbc8e3419c3bbe947d58f7064d8 balniks replied to the topic Redraw on current loan or get another loan? in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4394598-redraw-on-current-loan-or-get-another-loan/#post-4594967 Wed, 29 Oct 2008 21:38:03 +0000 Richard,In maybe 3 years time i am planning on moving from my PPOR which is the P&I Loan.  And then i will rent out my PPOR, so i am led to believe that it is best not to pay this off, i will still have at least 70k owing by then anyways. (I will be buying a new PPOR) And the redraw won't be much, about 4k and it's for personal use (a vehicle) b…[Read more]

]]> f288385b9d3af1170421d2f094721426 balniks replied to the topic Buying Land in the forum Help Needed! https://www.propertyinvesting.com/topic/4392210-buying-land-3/#post-4582277 Tue, 05 Feb 2008 16:35:49 +0000 Thanks for your input.Sounds like there is a bit to think about for sure. The house that i move into on the block of land will turn into my ppor, will this still make a difference in regards to the interest and tax?

]]> 89e4ef8bb5ee11824b708ce4430f426a balniks replied to the topic Claiming Stamp Duty from a 100% + loan in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4390630-claiming-stamp-duty-from-a-100-loan/#post-4573034 Thu, 06 Sep 2007 04:43:28 +0000 To be a bit more precise, here is the list from Rams: Bear in mind this was purchased March 2007, and is my first investment property.

$104,000 Loan.
Office of State Revenue: $416
Registrar Of Titles : $334
Doc Mortgage: $28
In a Minute Courier $88
Prime Legal: $38
Paid to…[Read more]

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