Sorry for my lack of understanding what is a heat pump and what purpose or task does it perform?If it is for heating the air in the unit then an inverter air conditioner may be a possible way to heat the air in a reverse cycle. It is an efficient form of heating when compared with other forms of heating and can be used as a cooler as well.

Scamp history repeats itself over and over again. Humans do not learn from history . I have studied the great Tulip crash 1634-1637 Holland and lived during the recession we had to have. http://www.investopedia.com/features/crashes/crashes2.asphttp://www.holland.nl/uk/holland/sights/tulips-history.html

Depends on what other business is in the town. If you have a local IGA in town they might not be happy with the expected loss of business but on the other hand more jobs for locals.

How generous to only help people saving for there first home rather than taking their greedy paws out of the measly half a percent per annum interest earned on most savings accounts. Now inflation is currently running at 4.3% p/a so really you are losing 3.8% in real terms before you are taxed.What I find strange is MR Rudd can impose upper limits…[Read more]

I would be only guessing here but if the shed is a storage shed then it would not be residental but rather commercial. So I would guess that a commercial real estate property manager would be a good place to start investigating. A lot of commercial properties are advertised in the business section of the age so you would find out who the real…[Read more]

the whole crux is that when you fill out the tax form it will be asked for a net rental loss or a net rental profit.So net rental profit/ loss = rental income – expenses (interest, council rates, repairs, water rates, insurance, borrowing costs over 5 years, depreciation,ect )So if you end up with a net rental loss it is subtracted from your gross…[Read more]

If you factor in a higher interest rate on what you can afford and a lower LVR you can weather the storm a lot better than the MUM and DAD purchaser who has taken out a mortgage that is 106% LVR and zero deposit and the repayments are at the maximum that they can afford at the previous lower interest rate. To make matters worse they purchase in…[Read more]

You have to be careful renting to relatives as the tax`department has a requirement that some transactions are done at arms length rather than to close friends, relatives, ect.I myself like the idea of  complete honesty / disclosure with {or do we advertise "vendor to lease back for 5 years"} it probably would work better if you had some a…[Read more]

check out http://www.pepperhomeloans.com.au

depends on if it was your primary place of residence with your wife.If not capital gain tax has to be paidThe likely costs can be the selling commission to the real estate agent. Not sure on the percentage you would need to check see http://www.maggiethompson.ca/buysell.html#sell or you could sell it yourself  see…[Read more]

page 18 Australian Property Investor magazine MAY 2008 has a similar question and answer for the CGT!Not sure on interest deductibility.

It all depends on how long you want to wait. I purchased a house in 1995 in Cranbourne $76,000 it is worth approx $170,000 today. I purchased another one in Cranbourne in 2000 for $100,000 and sold it in 2004 for $170,000 but the market was really hot then. Both started out negative geared. one of the properties is positively geared and the other…[Read more]

mentions that positive gearing does not work now because of the economic climate. The problem this refers to is most likely the problem of finding properties that have enough yield and a low price to produce a cash flow positive situation.If you put enough money is as a deposit you can create a positive cash flow situation.Also if you give up your…[Read more]

You do not want your PPOR linked to your investment loans. The reason is asset protection. The lender is saying it is not necessary probably because if the loan is with the same lender they can still take your PPOR if you fail to pay the investment loans.  You really need a separate loan with another lender for the PPOR and another lender for the…[Read more]

Just thinking right outside the box with an really out there thought/ idea.Turn PPOR into investment property Ex – Wife owns half the house she earns half the rent You earn the other half of the rentoryou pay ex – wife rent for 1/2 the house and live in it.

So you would be paying off the principal amount of this loan.  With a weekly expense of around  $330  a week  based on 8%  interest rate and annual costs of $2000. With $210 in rent you are negative about $120 a week.  Based on a 30%  tax rate  on your wage you can claim  $36  a week.  Depends on your tax rate on your marginal rate of tax !. So…[Read more]

http://www.sro.vic.gov.au/sro/SROWebsite.nsf/rebates_fhog.htmIf it is your first home you live in the government may help you with a First home owners grant .If you own and live in the home you do not have to pay rent. Any capital gain is capital gains tax exempt.Rents are forecasted to increase over the next two yearssee…[Read more]

It is an amazing situation when you can only claim back the marginal tax rate of the negative gearing, So you lose 70% to gain say 30%. Then if you happen to make a capital gain this will be deemed as income by centre link even though a capital loss is not seen as a loss of income.

Familyman,People are not readily wanting to give you specific financial advice as it is illegal unless they know your financial situation and what stage of life you are in and they also need to be licensed to give specific financial advice.Seehttp://www.asic.gov.au/asic/ASIC.NSF/byHeadline/Do%20you%20need%20an%20AFS%20licence%3F

You cannot rely on the advertised price range at all. It all depends on who turns up to the auction and how much money they are prepared to pay. An auction can be an emotionally controlled event and if the market is hot the prices can be crazy. It can really be pot luck. I went to an auction a couple of months ago for a new unit development near…[Read more]