Originally posted by brahms:
somewhere between Number Plates and French Clocks

Well that counts shares and property out – neither fit in the alphabetical range permitted.

As others have said most FA/FP have an aversion to property.

Assuming you have a preference to stay in property then a basic plan would be use the equity available to create…[Read more]

Hi Sharkster,

You will need to provide a great more information about your previous post. Without this the post will be seen by many, me included, to be nothing more than an advertisement.

Please elaborate.

Derek
derekjones1@bigpond.com
0409 882 958
Property investment advice and researched property in quality locations available.

Hi PA,

Are you sure your ‘niche’ isn’t already occupied?

If it is you may be able to sound out others for some specific guidance and advice as it relates to your plans.

Derek
derekjones1@bigpond.com
0409 882 958
Property investment advice and researched property in quality locations available.

Every three years

http://www.osr.nsw.gov.au/pls/portal/docs/page/downloads/other/landtax_factsheet_2005.pdf

Derek
derekjones1@bigpond.com
0409 882 958
Property investment advice and researched property in quality locations available.

Originally posted by ajayayyar:
I am going into this property 1/2, 1/2 with another family member…

Hi Ajay,

Is 50/50 the best ownership arrangement?

Just asking questions and providing information that may help you get it right at the beginning.

Cheers

Derek
derekjones1@bigpond.com
0409 882 958
Property investment advice and researched…[Read more]

Hi David,

There is no correct answer as individuals have different goals, means and timelines.

If you do use cash you will be either fully or partially immune from interest rate rises depending upon the leveraging you apply.

On the flip side saving for a deposit can slow down the accumulation process given that the money you save is the bit…[Read more]

Try google search ‘Land Tax Queensland’ and you get

http://www.osr.qld.gov.au/taxes/land/

Derek
derekjones1@bigpond.com
0409 882 958
Property investment advice and researched property in quality locations available.

Originally posted by ajayayyar:
I am thinking of keepingit for 3-4 yrs…and making capital gain.. thinking of investing in a townhouse somewhere in Castle Hill or Kellyville area…

Hi Ajay,

Like Anubis – I don’t believe your property and timeframe match each other.

Property is generally considered a long term investment and as such buying…[Read more]

Hi Tass,

Not an accountant so take what I say with a grain of salt.

CG will be apportioned over the time of ownership. For example 10% of the property’s life is as an IP then the CGT will be levied on 10% of the total gains.

There was also some discussion about getting a valuation done at the time a property changes from PPOR to IP.

Suggest…[Read more]

Originally posted by Terryw:
If the portions are not equal it will be hard to calculate the interest owing on each portion.

Hi Terry,

While splitting loans is by far and away the better option apportioning costs can still be undertaken even if amounts within the loan are different.

For example assume $75K (deductible) and $25K (non-deductible)…[Read more]

Any costs incurred (included apportioning of rates etc) will be deductible expenses.

Any rental income earned must be declared as income on your tax return.

You can have two PPOR for a six month period of time while you try to sell one property. If the property sells within this timeframe then the sale will be CGT free – assuming it was your…[Read more]

Certainly not a place I would be throwing my hard earned into;

http://www.abs.gov.au/Ausstats/abs@.nsf/0/04c2cf10fac92ff3ca256ae2007d1c83?OpenDocument

Derek
derekjones1@bigpond.com
0409 882 958
Property investment advice and researched property in quality locations available.

Hi Jenny,

One of our previous PMs tried to bill us for a missing flywire. I got all of my previous reports out and at no stage had the flywire been reported missing.

I politely pointed out to then that at no stage in the past had their inspections identified the missing flyscreen nor had they billed a previous tenant.

I also pointed out that it…[Read more]

My three Perth properties are pegged at 6.7% + GST, 7.7% inc GST and 7.5% + GST.

Petties and inspections additional.

All are with different agents. Bear in mind I also have the advantage of weight of numbers.

Derek
derekjones1@bigpond.com
0409 882 958
Property investment advice and researched property in quality locations available.

I have deleted and/or edited a couple of inappropriate posts here.

Personal slanging of anyone is out of order – full stop.

Derek
derekjones1@bigpond.com
0409 882 958
Property investment advice and researched property in quality locations available.

Stamp duty on the purchase of the property is not a deductible expense – it is used to offset any CGT liabilities incurred when you sell.

Derek
derekjones1@bigpond.com
0409 882 958
Property investment advice and researched property in quality locations available.

Hi Maria,

Even if the loan is I/O there is usually no difficulties making additional repayments if ‘paying off’ an investment is your goal.

By paying I/O it does also give you the option of havig more cashflow to support other investments. It does come back to what are your goals? And, equally as important, how do you intend using the property…[Read more]

Originally posted by Maria0911:
I own an IP in NSW worth $270,000 with $90,000 to pay off. I am contemplating buying another IP in QLD & the bank has approved a loan for $440,000 if required. The property I am looking at buying is $350,000 & not currently cashflow positive however will be if I sell my existing IP & put money towards the new…[Read more]

Originally posted by Jenny1:
I asked PM about this and he said patchup job has always been there, (had 2 lots of diff tenants prev and same PM throughout).

Hi Jenny,

Your initial property condition report would have identified this patch as ‘always being there’.

I would also go back through all of your inspection reports to see if this patch…[Read more]

Hi Radek,

A few points come to mind.

1) I cannot understand how a locality with 30000 people is all ‘affected’ (from a real estate market pointof view) by local indigenous people. In my experience there may be suburbs that have a stigma – but a whole town?
2) If the stigma has affected the market sentiment at this stage of the game – is this…[Read more]