Hi Mark,

Thanks so much for that – and thanks to Steve for asking you to step in.  This sounds as horrible as I had first thought it was – but it is good to have clarification since it IS now Law.  Wow!!

One to watch out for if you are an expat, or contemplating becoming one, eh?

Benny

Yeh but why are they rushing to sell? If they can move back in and then get the CGT exemption why are the articles suggesting everyone is rushing to sell? It is no different to before if they are truely expats looking to move back and become residents again.

The one thing we can all be sure of is that successive Govts will tend to “tinker” with…[Read more]

Yeh but why are they rushing to sell? If they can move back in and then get the CGT exemption why are the articles suggesting everyone is rushing to sell? It is no different to before if they are truely expats looking to move back and become residents again.

Could it be that these sellers are not planning on returning any time soon, or perhaps…[Read more]

Hi propertyboy,

Before the rule change if they lived in the house for 15 years then moved overseas, as long as they were non resident for < 6 years, they could have sold whilst overseas and paid no CGT? Is that the key change?

I think it is far worse than that.  Note I am NOT an adviser in this – so my opinion only – as I recall, previously they…[Read more]

Hi propertyboy,

Also, why is that couple making such a big deal? Why would they rush to sell it and not hold and then move back and sell unless they never planned to move back? If they were never planning on moving back they would be hit with the 6 year CGT exemption rule anyway so would then start paying CGT. Is there something I am missing in…

[Read more]

Hi propertyboy,

Also, why is that couple making such a big deal? Why would they rush to sell it and not hold and then move back and sell unless they never planned to move back? If they were never planning on moving back they would be hit with the 6 year CGT exemption rule anyway so would then start paying CGT. Is there something I am missing in…

[Read more]

Hi propertyboy,

Also, why is that couple making such a big deal? Why would they rush to sell it and not hold and then move back and sell unless they never planned to move back? If they were never planning on moving back they would be hit with the 6 year CGT exemption rule anyway so would then start paying CGT. Is there something I am missing in…

[Read more]

Hi Mozza,

I’ve had no experience with this kind of situation – but one thought that sticks out is the old chestnut of “When a student goes on holiday for 3 months, where does my income come from?”   Now in your case, it is NEAR the Uni, but is also near a train station – so that means you might be able to rent to non-students.   At this time I t…[Read more]

Hi Mr Elmo,

Did you check the “Buy, Swap, and Sell Forum”?   If not, go here – https://www.propertyinvesting.com/forums/community/buy-swap-sell/

The Buy/Swap pages have a few mentions that could interest you.  Or, you could Search for “Rick Otton” and see what links turn up.

Benny

Hi Matty,

I would think “returning it to its original condition” should be no problem in making a repair claim.  Thus replacing tiles, etc, should all be claimable (but NOTE – I am not an adviser of this kind of thing, so treat my thoughts as opinion only and check it out with your fave adviser).   Re the re-painting, is that the whole roof, or…[Read more]

Hi Typing Dog,

I don’t think you are missing much at all.  I ran my own airbnb for a number of years, and its return was very good despite the high vacancy rate. Alongside that, it allowed for tradies to come by through the week if needed (saved expensive weekend callout rates) and it also allowed us to take our own holiday times when it was not…[Read more]

Hi Typing Dog,

I don’t think you are missing much at all.  I ran my own airbnb for a number of years, and its return was very good despite the high vacancy rate. Alongside that, it allowed for tradies to come by through the week if needed (saved expensive callout rates) and it also allowed us to take our own holiday times when it was not in use…[Read more]

Hi Trevor,

I wanted to start by saying “Good for you for using a spreadsheet to start tracking this”.  For me, I found it helped me to learn Excel from scratch, while also allowing me to finetune my thinking re my early Real Estate days as I went along.  Each time I met another investor, or went to a seminar, read a book, etc – it all helped me t…[Read more]

Hi Trevor,

I wanted to start by saying “Good for you for using a spreadsheet to start tracking this”.  For me, I found it helped me to learn Excel from scratch, while also allowing me to finetune my thinking re Real Estate as I went along.  Each time I met someone else, or went to a seminar, read a book, etc – it all helped me to revise my t…[Read more]

Hi Ben,

I do feel I’ve done my research and I’m ready to take any action possible.

All good then Ben – I wasn’t sure, so wanted to sound a warning just in case.  Good luck with your search for more MB info (I can’t help you with that).

Benny

Hi Ben,

Terryw has provided you with a Mortgage Broker’s view of your situation, with a warning or two.  Sounds like things will go better after June when you become full-time (but even that might need some minimum period of employment to qualify – I don’t know, as I am not a MB, but check it out ahead of time).

What I’d suggest though is that…[Read more]

Now I understand !!   Yes, for sure, I can see where some regional areas might be “no-go zones” for any kind of investment into the near future.  And yes, various media entities do tend to drive particular sentiments.  Personally, I don’t foresee too much downside in cities, though some regional towns may well face a downturn, so it would be wis…[Read more]

Hi Maxyboy,

Thanks for your response, and welcome.  :)   Re your comment below:-

I was going to head off and buy something next week but some have suggested that I be a little more patient and wait until we know more.

If you are skilled in property purchases, I’m sure there are always opportunities “out there”.  On the other hand, if you are new…[Read more]

Hi Teneale,

What a good problem to have.  You sound like you are going fine.  I’m sure someone in this community will have answers for you, but it isn’t me – sorry!

Let’s see who does pop up with some sound ideas.  I do like the idea of finding new expert members for your team – sounds like the previous ones weren’t up to the task, as you ha…[Read more]

Hi Freedom,

The links to the topics are not clickable. ? let me know If I am missing something.

You are quite right – the Index references are not clickable (maybe one day when I have some spare time….. ;) so use the Index much as you would in a book.  i.e. You look for a chapter title that sounds like what you want, then look for a page #,…[Read more]