I believed the university and government that I would get employed and earn a big wage by going to university and soar like an eagle.When I entered university I had a negatively geared property that I calculated I could afford the cash short fall for 4 years .When I realised I had been massively misled and failed to gain a graduate position for 6…[Read more]

mine is $700 but I have shares and property to deal with.

Hi, Welcome to the forum,What you need to consider is what type of investor you are.A negative geared investor would go IO to maximise tax deduction while freeing up cash flow for covering more investmentA negative geared investor relies on capital growth being higher than the cost of the short fall over a time periodA cash flow positive investor…[Read more]

When you demolish property one and build a new property there is a cost involved in building the new property.This construction cost is added to your cost base and reduces the impact of CGT however you will have to deal with GST on 1/11th of the eventual sales price if you sell it so check with your accountant on GST liabilty.You may be liable for…[Read more]

Check out amortization template in excel office 2007. You can download it Click on office logo top left corner the circle thingySelect NewSelect TemplateSelect microsoft office onlinetype in search microsoft online boxamortizationclick on downloadsave template

It could take 18 months to sub divide and construct another dwelling. If you borrowed the money to cover the $469,000 you have to consider holding costs (interest of $469,000) plus $350,000 (2/3 interest costs over 18 months on construction loan) plus cost of submitting DA planning permits,connecting services (power, water, sewerage).You need to…[Read more]

I have done some research on this question for youand come up with the following explanation It seems that Paul Keating introduced as Part of his One Nation Package an incentive for property developers called accelerated depreciation. This article may shed some light on it.Accelerated Depreciation was introduced on the 26th of Feb 1992 and was…[Read more]

I lke this version http://www.youtube.com/watch?v=fPI8XFfBxHk&feature=related

MattG536 wrote:
Hi, I’m new here and to the concept of IP…I know my wife has asked a few questions also (Libra76)  Q1 – Is it better to buy an IP in both names or just in mine for the TAX advantage (hers is about 15% and mine is 38%) I know it seems like it would be better in mine only up until when we sell the property and capital gains tax w…[Read more]

danviv1 wrote:
Have a PPR (let's call it P1) almost paid off- Have a IP (let's call it P2), negative geared before I moved into my P2 from P1 in the end of last year, so now P2 becomes my PPR. I haven't done the FY09-10 tax return yet, so this has not been triggered in my tax return with ATO.

Eventually your tax return will be done and the re…[Read more]

harrip wrote:
Hello I purchased an investment property on 9 July 2010. I was looking to obtain a depreciation schedule on the property, but an accountant advise I may have to wait until the next financial year to be able to obtain the deductions. Is this correct?

Yes because you missed out on last financial year 30/06/2010 anything after…[Read more]

Yes it is a monthly magazine.http://www.apimagazine.com.au/It is not stupid wanting a property relatively close by just be aware of  the possible lower capital growth compared to the city metro suburbs. And it it  is self managed your tenants might visit your place if really close by to ask for repairs to be done.

Hard to resellThis results in the banks not being too keen to lend money for the property – check with lenders first  before committing-Students are also not attending university for the whole year and have a long end of term vacation

http://www.theinspiredwoman.net.au/community/showthread.php?t=10018http://www.renovateforum.com/f195/rewiring-early-60s-house-moving-switchboard-81359/http://au.answers.yahoo.com/question/index?qid=20090629162606AA5jBK5These postings may give you an idea of costs.

Intrigue wrote:
Hello, Thank you Josh to for directing me as to how to start my own thread.I have been watching this forum for a few weeks now and I find it very interesting. As I have started contributing to threads or rather asking questions I though I best introduce myself.I am 30 and have a PPOR that I have to pay off for quite sometime LVR…[Read more]

if you have an investment property in both your names as joint title then time the sale for the financial year your wife is not working.If you own it in both your joint individual names for more than 12 months you get 50% discount.So if you have one property that has a lot of capital gain it may be  better to sell it and cop the capital gains…[Read more]

If it has been leaking for a long time you will have wood rot in the floor boards right near the wall and you might have structural wood in the wall that is rotten also and the bath tub will have to come out to get at the floor boards to either replace them or bog them up depending on the damageThere is a product that is like a liquid that when…[Read more]

nalsem wrote:
Hi,I am getting totally confused by listening to the bank (via email with no visual calculations) and friends. So now its time to ask the experts.Currently I own an investment property. It was valued today for $245k and currently has a mortgage of $140k on the property.I work out that I have $56k in equity with which I can borrow…[Read more]

housegoodies wrote:
Hi, in general, say if I earn $60000 before tax and if my IP lost is $7000 per year (lose from IP due to higher interests and bills)  + special building write off say $3500 per year + depreciation allowance on materials and plants say $4000 per year. Using the formula above, this that mean I only pay tax on:$60000 gross inco…[Read more]

You have to get the construction cost of the buildingThe Air Conditioner , Floor coverings, hot water service, curtains are not construction cost but rather fittings.These all have various effective lives for depreciation and it is hard to find out the effective lives but I would guess around 5 to 8 years. However a quantity surveyor could be…[Read more]