Hi Cris,
PPOR = Principal Place of Residence = their own home (or once was – conditions apply).

and Cris, I am not sure how you got this :-

and initial CGT is 25% of capital gain

…so let me give you an example of CGT that I am reasonably sure will be somewhat correct (as I am unfamiliar with Lease/Options and payments being Rent, or…[Read more]

Hi Cris,
Keep in mind that many times the seller may not need to pay ANY CGT. Main one is if they are selling you their PPOR. It is probably important that you know just how a sale affects the seller, so you can create a deal that they can say “Yes” to, eh?

Then, as you say, there may be other ways to assist – e.g. if you are paying Rent…[Read more]

Hi Barlow,
You haven’t shared too much in the way of details, so I will answer generically. First off, you are right in that you need some amount saved to kick off. That can come in many forms, depending on your starting point:-
e.g. if you are fresh out of school, I would think other matters are way more important than property investing.…[Read more]

Hi Ben,

say you’ve claimed depreciation each year, and it was a new house, so there was $5k worth of dep. each year that you claimed in each tax return. This gets taken off your cost base.

Just one further question if I may (as this is an area I am quite unsure of) – you mentioned Depreciation needs to be taken off your cost base. Richard m…[Read more]

Hi Macc,

l’m desperately needing and wanting to get resettled for me and my daughter. l like the town, like the house , love the spot and it is a buy and a half, it’s just that l would be going out on it for awhile at first.

Sounds good to me, even if a bit tough…. but hey, I have found your gut is the one that will tell you for sure. Lis…[Read more]

Hi Jaish,
Those building their own homes (subdivision and developing) can make great capital growth. If you are not building your own, your chances of buying a bargain “new” are quite limited (although the last blocks or H&L packages in a subdivision can sometimes be bought cheaply as the developer wants to close out the development and move on…[Read more]

Hi Raftim,

Welcome aboard and great to see you posting a question right away!!

That confliction you feel is quite common – maybe because we are not exposed to “alternatives” when growing up in the average household.

Should I buy a house to live in first and then look at investing?

Both ways have benefits and the decision should not be…[Read more]

Hi Sha,
Yes, a big welcome to you and hubby. You will have already seen from Richard that there can be “lots of different ways” to do things. Some work better than others of course, and some work for one couple, but may not work so well for another. The whole subject is quite complex – and there is where we need the knowledge of people like…[Read more]

Hi Dean,

As far as the ATO is concerned the date of purchase then becomes the first date of the deposit right?

As far as I know, the Contract Date is the date that is used by the ATO. This has likely “caught” many people in the past (e.g. the seller wanting to sell a property in a new FY for CGT purposes – they are expecting a lower income in…[Read more]

The Theory can improve over time but scientists are scientists because of their actions of “experimentation and observation” & not because they are experienced or not.

Another “takeaway” I got from you right there, Pimobpi.

I once heard it as – When does a child ‘learning to play piano’ graduate to ‘PLAYING the piano’?

As you say…[Read more]

Hi Brett,

The only point I would challenge is that negative gearing increases housing supply,

I agree with you – negative gearing on its own does nothing to the housing supply. But it does affect the ratio of available rental properties from that total supply. Many have been lured into investing in rental properties BECAUSE of the promise of…[Read more]

Hi Macc,
Depends where you are… If in Qld, perhaps a long-dated contract with $20 down and a few extra weeks than usual for finance would allow you to make it happen – if accepted by the seller.

If in NSW, I wouldn’t know for sure, but I believe it might still be possible to get gazumped in that situation.

Of course, options are an…[Read more]

Hi Pimobpi,
Well, you just took the wind right out of my sails !! I was about to comment on how I enjoy your dissertations (there was a similar longish, well-thought-out answer to someone else a day or two back).

But now I can’t say it – otherwise it sounds like I am patting you on the back for saying nice things about me…. Ah what the…[Read more]

Hi Mozza7,

Click on the link in this post :-
https://www.propertyinvesting.com/topic/5025119-millionaire-mega-conference-limited-tickets-left-get-yours-here/#post-5025119

and all shall be revealed !!

Benny

Hi Shane,

And a big smiley welcome to you !! ;)

Your enthusiastic arrival prompts me to point you to a thread that may well hold the answer to a lot of your questions :-
https://www.propertyinvesting.com/topic/4410491-the-big-picture-for-new-readers-especially/

Have a good read, follow the links (where the subject appeals) and just…[Read more]

Hi AB,
From what you are asking, it seems your affairs are quite complex compared to many – thus I would suggest taking advice from someone who knows finance backwards. e.g. a Mortgage Broker. You might have seen there are several members on here who are MB’s, and it sounds like their expertise might be needed with what you have going on…[Read more]

Hi AB,
From what you are asking, it seems your affairs are quite complex compared to many – thus I would suggest taking advice from someone who knows finance backwards. e.g. a Mortgage Broker. You might have seen there are several members on here who are MB’s, and it sounds like their expertise might be needed with what you have going on…[Read more]

Hi DT,
From what you are asking, it seems your affairs are quite complex compared to many – thus I would suggest taking advice from someone who knows finance backwards. e.g. a Mortgage Broker. You might have seen there are several members on here who are MB’s, and it sounds like their expertise might be needed with what you have going on…[Read more]

Hi Ajax,

Are you able to suggest any buyers agent whom I can approach.

You could try contacting JacquiM who is a member of this forum. I don’t know much about her, except that she appears to be quite helpful in many posts, and that she is a Buyers Agent based (I believe) in Melbourne.

You might receive replies from others who can help too….

Benny

Hi Ajax,

Are you able to suggest any buyers agent whom I can approach.

You could try contacting JacquiM who is a member of this forum. I don’t know much about her, except that she appears to be quite helpful in many posts, and that she is a Buyers Agent based (I believe) in Melbourne.

You might receive replies from others who can help….

Benny