don't forget if you make a capital gain in NZ the ATO will want their tax also

haven't done it myself but some ideas you might not have thought aboutCentral Heating (keeps tenant happy)DeckingPergola /DeckingA nice shed (Every Aussie bloke needs a shed!)An extra bedroom (by adding a wall – cheap option)(Green additions)Water tank Solar Panels on Roof – cheaper electricitySolar hot water and one I am currently considering as…[Read more]

it is not on the purchase price it is on the original building cost – hence why quantity surveyor helpful.

Approx time 2001 – 2005  growth in some area was 25% to 30% p/a2005 – 2008 Slower rates of growth 6 – 7% p/a 2008 – 2009 Negative growth in some areas

Council valuations are done every 2 years. So the house may have dropped in value since the last council valuation due to the current market conditions.My next door neighbor wanted $510 for their house but only got $410,000 at auction. Look at comparable houses in the same area and see what they are either selling at or what the auction results…[Read more]

ask if they are using the LIBOR rate for their wholesale rateIf yes then search on LIBOR in Google

I think that is correct but check it with this web sitehttp://www.firb.gov.au/content/default.aspForeign investment review board will have the information for non resident investment rules in Australia

CGU have treated me well and when I needed insurance fast for a settlement because another insurance company stalled getting a new property insured CGU when out of their way to help me achieve settlement.You need to check if they have flood coverage as CGU may not have it I am not sure on this part of my insurnace.

employ a quantity surveyorThey will work out a depreciation schedule you can then hand to your accountant.You can claim the items but you have to proportion it. Say if curtains have a life as an example of say 5 years. Then 12 months of straight depreciation has to be private unclaimable  and straight depreciated by 1/5 for the next 4 years you…[Read more]

You said you have equity in existing property so you can either borrow against this lifting the LVR to 80% via a line of credit loan for 25,000 – 30,000 and use this as a deposit plus stamp duty.  Or secure some of your existing property with the new property and reduce the lvr over both properties to 80% more risky as you can lose all the property.

Another thing you have to be careful of is buying in a town where half the population has left – thus property prices are cheap but there is no employment for half the houses in the city. Thus tenants are hard to find .It is hard to imagine a place where half the population has left but this is how bad the economy is , in the USA at the moment.

The professional package comes to an advantage if you have multiple bank accounts. You pay one yearly fee rather than having multiple monthly bank fees.As far as the offset account – this depends on if you decide to live in it as a PPOR.The PPOR interest amount is not claimable. However having an offset account linked means the balance is taken…[Read more]

When the interest rate drop occurred to your loan did your repayment amount drop?At the start of a 20 year mortgage you will be paying a very small amount off your loan principle but as time passes your loan principle reduces and you pay more off the principle due to less interest being charged and the same repayment being made.As an example lets…[Read more]

It has to be on the cost of the building five years ago. A quantity surveyor could estimate what this would be.

You may wish to reduce your PPOR interest costs by putting money into an offset account linked to your PPOR loan. This gives you flexibility to either pay a chunk off the PPOR loan with the saved offset account balance or use the money as a deposit for another investment property in the future.

I have to be honest I haven't done sub-division projects or borrowing money but from what I have picked up from attending the Melbourne investor meetings run in Blackburn you probably need to investigate a lending product known as a construction loan.might find that your current lender has a product for this situation.  Do a search on google for…[Read more]

You may find a line of credit loan gives you separation from the main home loan making it easier at tax time.

http://www.propertyupdate.com.au/articles/183/1/11-questions-to-ask-your-property-manager/Page1.htmlhttp://www.housesunderfiftythousand.com/rental-property-management.htmlJust a few I can think of.Do they ask for references from prospective tenants?How do they handle tenants who do not pay rent on time and when does eviction occur ?How do they…[Read more]

Be careful when demolishing fibro houses. Get houses' fibro sheet cladding tested for asbestos as if it is asbestos you will have to employ an asbestos removal company to dispose and remove the asbestos due to the health risk.

Look at how much it costs to fill in the pool with soil as an option.Downpipes that go now where put in a water tank.