Hi TJ,
The third post in the linked thread below goes into that very question. Have a read and see which way fits best with you:-
https://www.propertyinvesting.com/topic/4410491-the-big-picture-for-new-readers-especially/

After that, do check out the other posts too, as a whole host of different subjects are presented.
Benny

Hi Kuna,
It is awesome to read of one so young who is already as far ahead as you are. Have you done well? Absolutely – that is a great start. Where do you go from here?

Ah, now that is where YOU come in. In short, it is your call. You have set yourself up to be able to advance in several possible directions. What direction do you…[Read more]

Hi Kuna,
It is awesome to read of one so young who is already as far ahead as you are. Have you done well? Absolutely – that is a great start. Where do you go from here?

Ah, now that is where YOU come in. In short, it is your call. You have set yourself up to be able to advance in several possible directions. What direction do you…[Read more]

Hi Vardy,

If I was to rent it out and then sell it, would I pay CGT on the original purchase price, or the price used for the seperation settlement?

Since this was your PPOR, there would be no CGT to be paid. BUT, if turning it into an IP, then get a valuation at the time, as you may be up for CGT down the track (from the time it was made into…[Read more]

Hi Jacqui,

I also notice it’s a bit of a mission to find a particular member now. Once upon a time there was a link that took you straight into members and you can search by partial username.

My question re above to Admin received an answer – in short, he agreed it once did have a link, but it was removed deliberately when PM spamming was a m…[Read more]

Hi Jacqui,

I also notice it’s a bit of a mission to find a particular member now. Once upon a time there was a link that took you straight into members and you can search by partial username.

My question re above to Admin received an answer – in short, he agreed it once did have a link, but it was removed deliberately when PM spamming was a m…[Read more]

Hi Codie,
Good point !!

Maybe your thinking just the build? That build price is finished, driveways, landscaping, deck, ducted aircon, 6kw Battary solar, fencing, full render. 2 story house..

A large chunk of those ARE Capital, so that will lift the Capital Works deduction above the norm for sure. No, I hadn’t allowed for all of that extra…[Read more]

Hi Vardy,

A few months ago I switched to a fixed rate interest only home loan for 2 years just to increase some cashflow.

OK, one to take VERY careful note of if wanting to sell or refinance. The “break costs” when ending a Fixed Loan ahead of its natural EndOfLife can be CRIPPLING !! Be sure you KNOW how much it will cost BEFORE you go ahead…[Read more]

Hi David,
Info on this will be coming soon. I can tell you it will be starting 20th May, and you can call the Office (03 88923800) to get more info directly.

Benny

Hi David,
You are just a bit early as yet. I can tell you it will be later in May (starting 20th?), and you can call the Office (03 88923800) to get more info directly.

Benny

Hi JD,
I didn’t answer earlier, as I don’t know for sure – but I would think that a townhouse should appear under “houses”.

My rationale for thinking that is simply because townhouses are mostly built “in a row, on the ground” (not up three levels as is a unit) and these houses each own the land they sit on. With a unit, that is not the…[Read more]

Hi Codie,

defiantly (???) be cashflow positive for the first while.

You appear to have the right idea – and yes, there should be a pretty decent Tax return coming your way once it is rented (at least until year 5).

Re “things to watch” – you quoted $341k for the build, and from the facts you mentioned (high end features, 5 bedroom house,…[Read more]

Hi Codie,

Am I correct in saying on paper we are making a loss of $23,640?

Using your numbers as provided, yes you are correct. One thing I would question is the figure of $27k for Depreciation. How certain are you of that number? One small part of it will be Capital Works (2.5% of build cost of the house) or other Capital costs. Given a…[Read more]