PropertyInvesting.com | CY | Activity https://www.propertyinvesting.com/members/cy/activity/ Activity feed for CY. Tue, 14 Apr 2026 22:30:40 +0000 https://buddypress.org/?v=2.8.1 en-US 30 hourly 2 a2b7c94b557133b01f742b99c1380dd7 CY replied to the topic 2nd resident, holiday house in the forum The Treasure Chest https://www.propertyinvesting.com/topic/4365870-2nd-resident-holiday-house/#post-4416229 Wed, 28 May 2003 07:08:05 +0000 Legally you should rent out your IP at market rent (ie arms length) to qualify for normal deductions. Otherwise everyman will rent it out to his buddy for $10 pw & claim $300 pw interest. If somehow your children can ‘pay’ market rent to you – then I can’t see why it is not normal IP.
Re holiday house – again legally you only claim the period th…[Read more]

]]> d78a635e5f8944a8705567ac0eb55283 CY replied to the topic Any good IP in Sydney for 300K? in the forum The Treasure Chest https://www.propertyinvesting.com/topic/4365863-any-good-ip-in-sydney-for-300k/#post-4416213 Wed, 28 May 2003 06:38:44 +0000 I think basic 3br fibro starts at 270+ at blacktown. Decent houses would go for 300+. For 250s you may go to campbelltown (also minto , mac fields). Or you can go further west say Mt druitt/St Marys.

If you lucky you can find one in Central Coast ( gosford etc) for 300k.

Rent probably 190-220 pw max. – unless reno, of course.

As long as the p…[Read more]

]]> 1267cab7cd5c08923ddba5ecb6232fa7 CY replied to the topic New Tax Office Ruling in the forum No Subject https://www.propertyinvesting.com/topic/4364735-new-tax-office-ruling/#post-4411238 Tue, 20 Aug 2002 12:41:04 +0000 This topic was on ACA monday night. Other than ATO most ppl think it is legal practice.

CY

]]> b4b3746a7f183ba651e5d090ec8230be CY replied to the topic How to submit an offer? in the forum The Treasure Chest https://www.propertyinvesting.com/topic/4364676-how-to-submit-an-offer/#post-4411032 Tue, 09 Jul 2002 11:29:38 +0000 Hi Wei

Yes agent has the obligation to submit an offer. However I recall in the Sydney hot market months ago most properties will sell within 5-8k (for 250k) of asking price. That time most agent was quite arrogant, ie “I don’t want you” type of attitude coz they easily find another 10 buyer lining up to buy the properties. Hence they really…[Read more]

]]> 70c644cfd28fbe350d82042703fc84fa CY replied to the topic Title insurance in the forum No Subject https://www.propertyinvesting.com/topic/4364671-title-insurance/#post-4411022 Tue, 02 Jul 2002 06:05:46 +0000 Pardon me Chris, BUT what is title insurance ???

]]> 15f0569719229116f8379f09bd6d5eda CY replied to the topic Corporate Costs in the forum The Treasure Chest https://www.propertyinvesting.com/topic/4364667-corporate-costs/#post-4411007 Thu, 27 Jun 2002 12:39:35 +0000 Steve, or others!

For ASSET PROTECTION, the way to go seems to have family (disc) trust & have a company as trustee.

Q:

1. To achieve the above, does it mean one has to setup one company AND one trust ?
2. Can you go to ANY accountant to setup trust/ companies ? can you DIY ?
3. What is my role in this corporate thing? As director / or…[Read more]

]]> 1c148c860341188e0d44b4ec6ba7c66a CY replied to the topic Risky deal - or not? in the forum The Treasure Chest https://www.propertyinvesting.com/topic/4364669-risky-deal-or-not/#post-4411017 Thu, 27 Jun 2002 12:23:52 +0000 Stay away from those hi rises !

Two main reasons:
1. Strata fees usually high 5000+pa, no guarantee that it will be 10k next year , plus sinking fund etc. Also, nobody knows how well will the building be managed.
2. LACK OF SCARCITY.
– Another ‘taller’ building can be build next door
– Similar building, similar rent, no ‘unique’ features.
-…[Read more]

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