Welcome to the forum. You can expect helpful advice, some smart alec comments and some advertising. Take from it what you will. And also contribute of course.What seminar is it? I'm not going (of course otherwise I'd know) but maybe it's one I have been to. What seminars have you been to and what's your opinion?What are you looking to get from the…[Read more]

I get where you are coming from. Lots of reports of projected CG just mirror what's happened in the past and this isn't always correct as there are many influentials. It's not just the long term growth you look at. For example if the next suburb over had a high CG over the last 2 years but your target suburb hasn't maybe it's due for a correction…[Read more]

No they are not. It is only deductable against income (rent). so if it's not available for rent there is no tax deduction. Sorry.

Is clinker those fake bricks on a sheet? If so remove it and re-gyprock the wall. Much better result. Not difficult. Are they on the outside as well? Rendering looks great. Not sure about over the bricks. I'd get someone out to ask about feasability.

$ 435.000 2 bedroom 1 Bathroom 1 garage.  In Coomera???   LOLWhy would you???

laying plans wrote:
Thankyou so much JacM. That helped a lot am poring over it now and will do also when free of kids so can really concentrate. Stephen

See you in about 20 years then. It can be confusing with all the different strategies. You have the right idea with reading lots and getting your head around it before you start. Keep reading…[Read more]

I just painted using gloss paint. I think the kitchen looks fine (except the back colour) so I wouldn't spend money updating it. seeing as you are targeting executives though I'd think about replacing it. Where is the unit located (what city?).   We may be able to give you some contacts. Prices vary W I D E L Y.I was going to post a before and a…[Read more]

In the past I have never seen value in spending money on an old kitchen as new ones are so cheap. But I recently changed my mind with my last purchase. Kitchen was in good condition but doors were an ugly colour. I didn't want to replace now so I painted the doors and put on new handles. Turned out great.I'm thinking over time the doors will…[Read more]

Sometimes everything is not stated in the advertising. Better to be on the ground. One I was not going to look at as it didn't seem like something I was looking for as the ad said very little and photos were bad. But ended up looking and it had a new extension on the back (brick) that was big enough to divide into a second living area and extra…[Read more]

I understand where you're coming from I just don't know how legal it is (from RPdatas viewpoint. Why don't you join one of the shared subscriptions? I think you get 5? logins and you share the cost.

That's the way I thought it was (hence my comment). ie that it is not a PPOR if it is land as you can't reside there.

Is that legal? Otherwise why would anyone pay direct. We could all sell reports. I could do them for $15/ $10/$5. Maybe we could have a dutch auction.

OK. I need to go so will just answer a little now. You say you have an offset account. Is that where the extra $45K is? If so you are not paying down the mortgage. If you intend making your PPOR into an IP DO NOT pay down the mortgage. if it is an offset account you can pull that money out when you turn it into an IP and the full amount on the…[Read more]

You said you are going to sell your PPOR THEN move to the new one. In that case you pay no CGT on either as you only have one at a time. BTW you have up to 6 months overlap in case the PPOR doesn't sell straight away.When claiming the second (new land one) questions may be asked. It needs to be your "intention" for it to be your PPOR. Moving out…[Read more]

No- Vanderbuilt.The demand in Potts Point/Elizabeth Bay area is screaming (both buyers and renters)..

WOW!!! I admire your research. Sounds like you have a good idea of where you want to go and that's a BIG thing. Are the 4 flip properties in addition to the initial 4 plus the 2 houses? What time frame are you talking? That's a lot of property to buy. It takes time to research and then find properties. I've been buying 2 a year (but this year I've…[Read more]

As Terry said. How will it convert to be in both names?That's a lot of tax to pay on the CF. What I meant with needing the $450K for new PPOR was- are you going to buy/build a new PPOR? do you have the money for that? Otherwise you are borrowing to buy/build the new PPOR and that loan has no tax deductability.

Welcome. Great work starting so young. Sounds like you have an ambitious goal. 9 properties paid in full in 9 years. How are you going to achieve that?  Not saying this is you but many people start out and have a pie in the sky goal with no clue as to how they'll get there. This is VITAL if you really mean to achieve that goal. eg will you buy 16…[Read more]

Depends on your situation. Do you need the $450K to build your new PPOR? That would make a huge dent in your loan. Are you young and need a low home loan to start a family? $50K per year is nice. What's your wage? Is the house in both names? If you have a decent wage that will be taxed at 30-50%. If one is not working 1/2 will attract little…[Read more]

emptyvessel wrote:
Out of interest, what do you regard as "highly leveraged"?Is it an absolute measurement or a relative one?

This would vary from person to person and how risk averse you are. When people are in the accumulation phase some are leveraged as high as 90%+. That scares me. A slight negative shift and you may have banks recalling…[Read more]