Hi Wayne,

There may be an issue with the block and then the house as they may be considered different CG events and as such you would need to run this past an accountant and/or the ATO.

You would certainly need to establish that you did, in fact, live in the property too. Electricty bills, telephone, rates notices all addressed to you will…[Read more]

Hi Wayne,

Given depreciation entitles you to a building claim of 2.5% of building construction costs/annum over 40 years and you have around 15% depreciable plant and and equipment claims eligible over the life of the property I would say ‘Yes – it is worth it’.

Derek
derekjones1@bigpond.com

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

Hi Storm,

I can appreciate your frustrations and the desire to roll your sleeves up and get started. In a sense you have already made a significant step – you know what you are wanting to achieve and you have a goal established.

A couple of keypoints;

1. Generally speaking the first property is always the hardest. It just seems so hard to…[Read more]

Hi Wayne,

If the house is indeed your PPOR then there is no CGT payable for the duration of time you live in it. This period of time can be extended by up to six years if you move out and do not own another PPOR during this time.

The 12 month rule applies to capital investments and does not apply to PPOR. Any investments held for more than 12…[Read more]

Hi KP,

I am not a wrapper so take what I say with a grain of salt.

As I understand it the Ministry of Fair Trading require you to have a credit providers licence and once you have secured this then you are able to legally wrap in WA.

I recommend a phone call to MOFT and speak to te people there – it is possible thay may also have a FAQ sheet…[Read more]

Hi Rob,

Queens Park is one of those classic renewal suburbs and as such there are some ‘scummy’ houses in the area all located on large blocks of land just waiting for the developers to come through.

It (QP) has been the centre of activity for some years now and the pace is gathering rather than slacking off.

It has ready access to the city and…[Read more]

Originally posted by Marisa:
Hi All
I have found a house, ready to place offer. Many houses in the regional area have been on the market for months and months.

Agent tells me to not waste my time, need to be at least $55,000 and he has another person who will snap it up from East if I dont…. Yeah right?

Hi Marisa,

Your first comment sums up…[Read more]

Hi Redwing, Benson,

The differences in figures between Redwings and mine are because in Redwing’s instance he is quoting FHO who will get a significant stamp duty saving, whereas my figures were ‘savings’ made by other who are not eligible for FHO.

Derek
derekjones1@bigpond.com

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

HI Rob,

WHERE”S THE PROPERTY?[biggrin]

Derek
derekjones1@bigpond.com

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

Hi Rob,

You gunna spill the beans?[biggrin]

Derek
derekjones1@bigpond.com

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

Hi Homer,

You still need to do the required background research about the area and that will tell you things about population movements, employment prospects, industry and investment, infrastructure and so on – but it is the property managers who have their finger on the pulse when it comes to knowing what properties are getting as rentals.

And…[Read more]

Originally posted by Mobile Mortgage:

As long as my colleagues and I continue to post in an impartial, professional and helpful manner, then I see no reason why we would not continue to gain the respect and any subsequent business that tends to follow on from our helpful replies to questions asked,

Steven

Hi Steven,

I believe you have nailed…[Read more]

Hi Homer,

An independent property manager is a manager who is not attached to the selling agent – if they are in the same office it is more likely they will give you a ‘best case’ rental scenario rather than the reality.

Derek
derekjones1@bigpond.com

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

Hi Wayne,

This one?
https://www.propertyinvesting.com/forum/topic/10827.html

Derek
derekjones1@bigpond.com

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

Hi all,

Awwwwww shucks[embarassed]

Derek
derekjones1@bigpond.com

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

Hi Tikki,

As far as I know that was what the Real Estate Institute ‘wanted’ – don’t think it got up.

Derek
derekjones1@bigpond.com

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

Hi Redwing,

That one has been in the air for a while – there go a swag of tenants from the Wembley units.

Derek
derekjones1@bigpond.com

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

HI Redwing,

I tend to agree with Ausprop – the uninformed investor, who didn’t do their maths as per my earlier comment and who only read the ‘headlines’ will wait till July 1 as will FHO.

As such it is highly likely there will be another ‘run’ in sales, partially offset by the stay home in winter issues which often sees winter activity slow…[Read more]

Originally posted by MortgageHunter:

Brokers became very active at selling them and passing the benefits onto anyone that qualified. This has caused a major paradigm shift within the industry and all references to profession and income levels have since been removed.

Thank the brokers for this one folks!!

Hi Simon,

Geez – you brokers are…[Read more]

Hi Elves,

Geeez – too many holidays like that and you’ll want to stay at work [exhappy].

Seems the property manager – forgot about the ‘management’ side of the arrangememt. I am sure you have pointed out their errors in their ways.

Derek
derekjones1@bigpond.com

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