Go to http://www.ingdirect.com.au.

They have a savings calculator tool for you that can work out the answer to your question.

Can’t really argue with that statement …

Thanks for the reply, derek. I thought as much but in a literary sense, the ATO publication wasn’t 100% clear.

On another note, if you maintain your PPOR in Perth, you could be eligible for LAFH. Do check with your accountant and you might have a pleasant surprise …

So in short property investors are only allowed to claim 20% of seminar costs in most cases ?

One further question on this topic.

I travelled to 3 different towns and eventually bought an IP in one of them.

Can I include the travel expense for the other 2 towns in the capital gains deduction for the IP that I bought in the 3rd town ?

If you want a step by step guide, I prefer the Anita Bell investment book. She explains everything very clearly in layman terms so the book is very readable.

Steve’s book is also very good and its a must read if you want to go CF +ve.

Robert’s books are less informative and more inspirational, if you ask me. Its more investing philosophies…[Read more]

Why don’t you let your kid choose an avatar for you ?

Off topic …

I went to the Chelsea town once and found the people there a bit rough in general. Of course, there are the exceptional rich people who live by the beach but I am talking generally here.

For Melbournites, don’t you think the suburbs with the more pleasant names are generally the rougher ones ? … Sunshine, Broadmeadows, Deer Park,…[Read more]

Originally posted by Monopoly:
…

I guess the bottom line is, if you don’t want the property, don’t make an offer. Which means you don’t need to worry about including ANY “subject to” clauses because there won’t be a contract in place in which you need to try and worm your way out of!!!! TOO EASY…

Sorry MP, but I have to disagree on this…[Read more]

If there are a number of properties I am interested in, I would prioritise them and make a verbal offer to the highest one. But I will be honest and tell the agent that I am looking at other props so the offer will only be valid for 48 hrs. If that expires I go on to next.

Well, we’re both from Melb so you never know …

Are there any Real Estate Agents here that would like to share their views / experiences on “subject to” conditions and how it affects the sale process ?

Choco Monopoly is absolutely awesome ! I have never heard of it before. Its gotta make a great birthday / xmas gift. Where can I get it ?

I am no accountant, but I think you would have to apportion the usage of the tools between income generating activities and private use.

Actually, it was when I was reading your reply to my other post that started me thinking about Monopoly the game.

And that led to me remembering about the news story and hence this post …

Monopoly,

So do you only use the “subject to solicitor approval” too ?

Personally I feel that if she chooses out of her own free will to sell it for $78K, then it sounds perfectly fine to me provided …

– she is clearly aware of the REAL value of the property (i.e. mid $100K)

– no pressure from kim or anyone connected to the buyer

I agree with Acey … I like the way that the search words are highlighted in red.

Are you gonna make a high profile appearance at Border’s in Melb ?