PropertyInvesting.com | benno79 | Activity https://www.propertyinvesting.com/members/benno79/activity/ Activity feed for benno79. Mon, 13 Apr 2026 17:30:38 +0000 https://buddypress.org/?v=2.8.1 en-US 30 hourly 2 7b9f2a0c3586b5efb12335adcc28bfd9 benno79 replied to the topic Rental property - claim expenses when trying to find tenant? in the forum Help Needed! https://www.propertyinvesting.com/topic/4400426-rental-property-claim-expenses-when-trying-to-find-tenant/#post-4627347 Thu, 01 Jul 2010 23:42:36 +0000 JacM wrote:
Be careful, I'm certain I read somewhere that you can only claim expenses if the asset earned an income of some sort in the same financial year.  Look into it.  If you find this to be true, then if you have to, rent the place out for a week for a dollar.

That makes sense I suppose, I hadn't thought of that. Thanks!I think a one d…[Read more]

]]> 35eb0c91f705b5eb086650c8e00ea6e5 benno79 replied to the topic Rental property - claim expenses when trying to find tenant? in the forum Help Needed! https://www.propertyinvesting.com/topic/4400426-rental-property-claim-expenses-when-trying-to-find-tenant/#post-4627346 Thu, 01 Jul 2010 23:41:12 +0000 number 8 wrote:
The ATO are real people, there do have laws to go by that are often grey…….. You will need to keep the deductions real… They may also classify otherwise typical expenses (not improvements) as part of the cost base due to it be that way when purchased. I would err on the conservative side on this o…[Read more]

]]> 16a583019b0aae96b620b577db7b1081 benno79 replied to the topic Interest only loan repayments with an offset account. in the forum Finance https://www.propertyinvesting.com/topic/4400390-interest-only-loan-repayments-with-an-offset-account/#post-4627124 Tue, 29 Jun 2010 02:33:20 +0000 Dan_ wrote:

benno79 wrote:
Dan,I found myself in a very similar situation recently – I am also with St George.I asked my broker to explain and they told me this:"I/O payments are always based on the loan balance, regardless of the offset balance.

 Thanks for the response, however every month my loan balance is reducing due to the cash in my…[Read more]

]]> f4e8d0c2ff4876b11de95e4457bff3b1 benno79 replied to the topic Interest only loan repayments with an offset account. in the forum Finance https://www.propertyinvesting.com/topic/4400390-interest-only-loan-repayments-with-an-offset-account/#post-4627121 Tue, 29 Jun 2010 02:16:39 +0000 Dan,I found myself in a very similar situation recently – I am also with St George.I asked my broker to explain and they told me this:"I/O payments are always based on the loan balance, regardless of the offset balance. Effectively this means when you have cash sitting in offset, the “interest only” payments that are automatically debited fro…[Read more]

]]> 47a30e11ebf5b9e3b3c66ebc3bd1c523 benno79 replied to the topic Recent Geelong Sales? in the forum Help Needed! https://www.propertyinvesting.com/topic/4400049-recent-geelong-sales/#post-4624983 Wed, 26 May 2010 05:36:19 +0000 I think Newcomb and some parts of Whittington have better scope for growth and thats where I'd be looking.

]]> 54740bc4de668a63d92dcd7069c4d56c benno79 replied to the topic Recent Geelong Sales? in the forum Help Needed! https://www.propertyinvesting.com/topic/4400049-recent-geelong-sales/#post-4624981 Wed, 26 May 2010 05:03:36 +0000 I know those areas but don't have a great feel for prices there. I would say Corio and Norlane prices are going to be pretty flat over the years as it is a less desirable area.Are you looking at an IP or PPOR?

]]> 1b19806bcedfe714435678535e36fc4f benno79 replied to the topic Recent Geelong Sales? in the forum Help Needed! https://www.propertyinvesting.com/topic/4400049-recent-geelong-sales/#post-4624979 Wed, 26 May 2010 04:38:45 +0000 I know some areas of Geelong quite well as we bought there recently.A couple of examples:Quoted $330k+. Sold for $370kQuoted mid 3's. Sold for $430kQuoted around $400k, sold for $435kGenerally if you are prepared to pay 10-15% above the quoted price, you should be in the game. Some agents quote prices more accurately than others of course.I…[Read more]

]]> 9811d78757879b04d702490c20382cb4 benno79 replied to the topic Turning my family home into an investment property in the forum Kennyjaiz wrote:The "love https://www.propertyinvesting.com/topic/4399822-turning-my-family-home-into-an-investment-property/#post-4623791 Thu, 13 May 2010 04:42:40 +0000 Kennyjaiz wrote:
The "love and affection transfer" portion is really to minimise the Stamp Duty payable, when changing the title deed. If the point of the exercise is to maximise the tax deductibility in the future, then it will depend on the partner/wife's ability to get a loan to refinance the property. Since we are talking about disposing a…[Read more]

]]> 413055e27ce0de8290c42cc875103b1f benno79 replied to the topic Turning my family home into an investment property in the forum Mr5o1 wrote:terryod wrote:I https://www.propertyinvesting.com/topic/4399822-turning-my-family-home-into-an-investment-property/#post-4623788 Thu, 13 May 2010 02:20:47 +0000 Mr5o1 wrote:

terryod wrote:
I have a similar question, a friend of mine moved out of his principal place of residence and moved into a new house. He has been negative gearing the first property since moving out. I said this is not right and he maybget hit by the ATO if he gets audited. Can som on let me know what the go is here?

Terryod: it…[Read more]

]]> 864d7442f480c073fd3d7ed09d59ab5f benno79 replied to the topic Turning my family home into an investment property in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4399822-turning-my-family-home-into-an-investment-property/#post-4623786 Thu, 13 May 2010 01:16:14 +0000 You could 'sell' the 470k property to your wife under a 'love and affection transfer'. The funds raised can then be used for whatever you like – ie offsetting your 600k place.The house that becomes an IP will then have a larger amount owing (since you've borrowed against the equity of this house to 'buy' it off your wife) and be better setup for…[Read more]

]]> 785b3c51df305fb10d6d90de292f2db4 benno79 replied to the topic In trouble in the forum Help Needed! https://www.propertyinvesting.com/topic/4399839-in-trouble-2/#post-4623958 Mon, 10 May 2010 03:28:25 +0000 HI sorry to hear your having trouble with the noise. I know exactly how you feel as we live on a main road and it feels like you never have a moment of peace.Have you considered having secondary double glazed windows? These are a separate window that is installed behind the external window. We  fitted it to our bedroom and it works a treat.  W…[Read more]

]]> 74f60e2c5dc123ea97f007e69bd49b76 benno79 replied to the topic Speculation on Areas in the forum General Property https://www.propertyinvesting.com/topic/4398997-speculation-on-areas/#post-4618531 Fri, 05 Mar 2010 06:23:40 +0000 DWolfe,Send me a PM and we can exhange info on Geelong region. There is a wide variety of demographics in Geelong so it depends what you want to cater for.  I think Nth Geelong has good potential as it has its own train station on the Melb line and borders some nice suburbs to the South. Geelong West is very popular but maybe the boat has already…[Read more]

]]> 5f6d04aa0176e3e687eb19048ae2bf25 benno79 replied to the topic Speculation on Areas in the forum DWolfe wrote:Well FWord, now https://www.propertyinvesting.com/topic/4398997-speculation-on-areas/#post-4618528 Fri, 05 Mar 2010 03:06:40 +0000 DWolfe wrote:
Well FWord, now I know who I am fighting it out with in Croydon, Mooroolbark and Lilydale. (As well as all the FHB who will pay ANY price)I also like Mitcham an Nunawading. I like Carrum and Wantirna South as well. I like Geelong too but I haven't started looking properly yet.Sorry I forgot the WA ones East Vic Park and Belmont.…[Read more]

]]> 55291b15a0700f96e108dd761a1d37f1 benno79 replied to the topic General Law land title in the forum Help Needed! https://www.propertyinvesting.com/topic/4398950-general-law-land-title/#post-4618128 Tue, 02 Mar 2010 03:24:36 +0000 Thanks Terry for the info.The section 32 shows a series of deeds dating back to ~ 1930's so that aspect should be ok.When you say costly do you have any ballpark figure?  I have contacted my solicitor but don't think she will have the experience to handle something like this.Thanksbenno79

]]> 863a00986ce7e5e366690559e3f2c919 benno79 replied to the topic FREE Residex Property Reports for VICTORIAN, TASMANIAN, and SOUTH AUSTRALIAN properties - Investment or Owner Occupied in the forum Thanks Mike, excellent and https://www.propertyinvesting.com/topic/4396010-free-residex-property-reports-for-victorian-tasmanian-and-south-australian-properties-investment-or-owner-occupied/page/11/#post-4602702 Tue, 15 Dec 2009 03:08:32 +0000 Thanks Mike, excellent and prompt help as always!CheersBen

]]> de115f722eab62ed6be1e9810e052b83 benno79 replied to the topic Does this sound like an option? in the forum General Property https://www.propertyinvesting.com/topic/4398080-does-this-sound-like-an-option/#post-4612983 Tue, 15 Dec 2009 00:40:34 +0000 Regarding the equity redraw issue you could consider doing the following: Sell your current house to your partner via a "love and affection transfer" (no stamp duty), refinance in the process and then you can use these new funds to buy another PPOR and negative gear the current house your in once you rent it out.Speak to an accountant / solicitor…[Read more]

]]> cdbdd5c1b3dde5d0fd5bd0242877393f benno79 replied to the topic FREE Residex Property Reports for VICTORIAN, TASMANIAN, and SOUTH AUSTRALIAN properties - Investment or Owner Occupied in the forum Value Adding https://www.propertyinvesting.com/topic/4396010-free-residex-property-reports-for-victorian-tasmanian-and-south-australian-properties-investment-or-owner-occupied/page/10/#post-4602682 Mon, 26 Oct 2009 03:16:35 +0000 Many thanks for your speedy and free service.Ben

]]> b4821383dcda169d690a4063bf75d83b benno79 replied to the topic Transfer Stamp Duty Concessions in the forum Help Needed! https://www.propertyinvesting.com/topic/4397612-transfer-stamp-duty-concessions/#post-4610646 Mon, 26 Oct 2009 01:28:33 +0000 Hi MM,I was in a similar position a few years ago. I had received the FHOG, then found out shortly after moving that I was being transferred overseas. I wrote a letter to the relevant government department (cant remember who) explaining my situation – they asked for proof that my circumstances had changed beyond my control. I was able to provide a…[Read more]

]]> 6f7b991e9eaf055326b02cf5324b9feb benno79 replied to the topic Built-in robes - IKEA? in the forum Value Adding https://www.propertyinvesting.com/topic/4395381-built-in-robes-ikea/#post-4599150 Tue, 17 Feb 2009 01:02:09 +0000 carlin wrote:
Thanks for the tips everyone.Going to IKEA with measurements to see what we can do. Will checkout that Antonius system Ben. Gather it was cheaper to get the doors from Stegbar.cheers,Carlin

Carlin,The Ikea doors come in one size fits all…which didn't fit what I needed!  Plus fitting sliding doors is a little tricky, especially…[Read more]

]]> d8ca8fb33cf3f43e02cbf72c752c6aab benno79 replied to the topic Built-in robes - IKEA? in the forum Value Adding https://www.propertyinvesting.com/topic/4395381-built-in-robes-ikea/#post-4599145 Wed, 11 Feb 2009 04:14:59 +0000 Hey Carlin,At our apartment we had a wardrobe with three hinged doors and fixed shelving / clothes rails on the inside. The third door was a hassle with two people sharing it and the fixed shelves are frustrating.I took off the doors, gutted and repainted the inside and fitted it out with the 'Antonius' wardrobe system from Ikea.  We are happy…[Read more]

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