Hi Jeff,

If you intend selling off the plan then you will need to consider that, as a generalised statement you will start to appeal more to an investor who is more focussed on rent returns and projected growth. Of lesser importance are things like layout, colours etc.

Whereas a would be home owner will generally speaking want to see the house…[Read more]

Originally posted by FW:
Well, I put a request through the “Need Finance” link a week ago, and so much for the 48 hour response promised – I haven’t heard a thing.
Not a good start.

Keep smiling
Felicity

Hi Felicity,

You’re probably still in the too hard basket[biggrin]

Derek
derekjones1@bigpond.com

Property Investment Support Available.…[Read more]

Hi Wayupnorth,

As G7 indicated you are ideally placed to begin your investment journey but beofre you start you do need to work out which vehicle (property, shares etc) suits you and your risk tolerance, knowledge etc. If it happens to be property then you need to work out whether or not you are a growth or income focussed (or combination…[Read more]

Hi all,

Just following up on Mel’s comments it is possible for interest on a block of land to be deductible provided you can demonstrate (and you did) intent to build an investment property on the land.

There are some restrictions about timelines and the like but it can be done.

I will endeavour to locate the relevant ruling in my quieter…[Read more]

Hi Flash,

Suggest you do a search on ‘mint group’ there are a few threads around the place that may be of interest.

Derek
derekjones1@bigpond.com

Property Investment Support Available. Ongoing and never stopping. PM welcome.

Hi Apples,

As MA indicated this is an agent issue and as there was nothing in writing between you or the vendor or agent you have no recourse.

I would however suggest you put the experience ‘down to experience’ and move on – bear in mind the property was eventually sold for less than you were going to offer so there may be something to be…[Read more]

Hi torparn

As Mydral has said the body corporate is responsible for insuring commmon property and should include ‘building insurance’ in their coverage. They should also include satisfactory public liability insurance (especially as the complex is holiday rental).

You need to have landlords insurance to cover your belongings in the unit and also…[Read more]

Originally posted by Property9:
What other areas in Perth are good and yielding a good return.

Hi Property9,

See this thread –

https://www.propertyinvesting.com/forum/topic/9746

there are a number of different comments made that you may be able to distill into something of use.

Derek
derekjones1@bigpond.com

Property Investment Support…[Read more]

Originally posted by Myydral:
what do you do if your IP (former PPOR, built pre-1985) is negatively geared ( very slightly ), and selling it would give 20K in the hand to buy either a new PPOR or possibly two IP’s?

I am not sure of CGT comes into play in your thoughts Mydral but a point of clarification just in case – if the property was built…[Read more]

Hi Rob,

If there is a single title I would agree with you – as I understand it many (most?) duplexes are sold with separate titles and as such there are generally speaking two titles involved – hence the tenor of my comments.

Derek
derekjones1@bigpond.com

Property Investment Support Available. Ongoing and never stopping. PM welcome.

Geez Dan,

Give it a rest – with all those sites to visit and read how do you find time to search for investments.[biggrin]

I’d suggest that anyone here who is onctemplating spreading their investments into the US has just received one of the greatest ‘kickstarts’ available.

Thank you.

Derek
derekjones1@bigpond.com

Property Investment Support…[Read more]

Hi Calvin,

I am no expert on FHOG (that stage in life passed me a long time ago) but I would contend that the FHOG could only apply to the duplex half you are going to live in rather than the whole property (I stand corrected)

As such buying a duplex (in total) would require you to live in one half (and get FHOG) for this side and then have a…[Read more]

Hi Wayne,

Almost – you missed by a year. Here is teh correct link – it’s largely just the dates that are different.

http://www.ato.gov.au/content/downloads/n2036-03-2004.pdf

Not sure about a depreciation schedule as such – all I can recommend is a search on the ATO webiste – I do think (from memory) that the Rental Guide has a list of…[Read more]

HI Lambsie,

The key point is ‘the purpose of the loan’ as the new loan is to buy a new PPOR then any interest is not deductible.

The issue of where is the security coming from is irrelevant – the purpose of the loan test is the test of deductibility.

Derek
derekjones1@bigpond.com

Property Investment Support Available. Ongoing and never…[Read more]

Originally posted by waynel2:

The spokes person then said that with the ATO you can fill out a tax claim form that would allow you to recieve that $5-6K on a fortnightly bases – rather than a lump sum at the end of the financial year. This would work out that you could be recieving an additional of around $115 a week, on top of your rent!

I was…[Read more]

Hi Bucko,

You lucky bugger – given that you bought the property pre-1985 you are Capital Gains Tax free for the life of the property as such it will be very beneficial to hang onto it ‘forever.’

As there is no debt on this property you will have no interest claims available to you. Rates, insurance, land tax (shouldn’t be a problem in Q’land…[Read more]

Originally posted by RussH:

When are people going to wake up and start blaming themselves for their own wrong doings.

Much easier to blame someone else Russ – copping it on the chin hurts too much.

Trouble is shifting the blame to someone else invariably also usually means they didn’t learn a lesson from the experience coz – it was someone…[Read more]

Originally posted by The Mortgage Adviser:

You mentioned interest rates as high as 10%. I had a loan at 18.5% when I was 18 (early 90s). Labour was in control then.

Hi Rob,

Amd I’ll be very surprised if this card doesn’t get played in the campaigning in the lead up to the next election. Given there are, supposedly, a number of investors who…[Read more]

Hi Sonya,

I recommend you download the ATOs CGT booklet http://www.ato.gov.au/individuals/content.asp?doc=/content/31570.htm
as they have a CGT worksheet.

You’ll be able to enter the exact figures as they relate to your situation and come up with a definitive answer. I hope you kept all of the invoices and receipts from the property from tiem of…[Read more]

Hi Steve,

Suggest a search of the ATO website and/or a read of the following document;

http://www.ato.gov.au/individuals/content.asp?doc=/content/31570.htm

You’ve got nothing better to do this afternoon the Dockers are getting a hammering at half time[biggrin]

Derek
derekjones1@bigpond.com

Property Investment Support Available. Ongoing and…[Read more]