PropertyInvesting.com | hornbill | Activity https://www.propertyinvesting.com/members/hornbill/activity/ Activity feed for hornbill. Fri, 17 Apr 2026 12:15:33 +0000 https://buddypress.org/?v=2.8.1 en-US 30 hourly 2 dfe584373ecea5c1c851dcbd36ee3851 hornbill replied to the topic Tax, loan interest, and gearing... in the forum Finance https://www.propertyinvesting.com/topic/4409933-tax-loan-interest-and-gearing/#post-4694316 Fri, 30 Aug 2013 12:30:46 +0000 Terry, here's some more info on the IP. 

We bought the property in 2009 (new apartment), moved in Jan 2010. My wife and I lived in it as PPOR until July this year, as we are relocating interstate. The property have just been let to a tenant only starting this month on a 12 months lease. I engaged a property agent to manage it and also got the…[Read more]

]]> 60a6230d8b0149df66f59f07ab32e8e7 hornbill replied to the topic Tax, loan interest, and gearing... in the forum Thanks Jamie. I don't have https://www.propertyinvesting.com/topic/4409933-tax-loan-interest-and-gearing/#post-4694314 Fri, 30 Aug 2013 08:56:33 +0000 Thanks Jamie. I don't have any other debt/loan with interest higher than the unit trust dividend rate I mentioned in (2).

I'm now considering of buying some unit trust and leave some cash for expenses. Maybe open a savings a/c with interest earning for the spare cash.
At least it earning something other than 0%.

On LMI. Say if I go beyond 80%…[Read more]

]]> 327adb6319d69cc7d144ed2ddd2d2b92 hornbill replied to the topic How to maximize return for my 1st IP?? in the forum Creative Investing https://www.propertyinvesting.com/topic/4409842-how-to-maximize-return-for-my-1st-ip/#post-4693940 Mon, 12 Aug 2013 10:39:29 +0000 Thanks Catalyst. I will get my property manager to produce a net income vs estimated outgoing expenses for the property factoring some items you described above. 

Will file my tax with an agent this Sunday, so I'll ask him for full list of what I can claim from the IP, then use that as a guide going forward.

Like you said, if positive I only…[Read more]

]]> f65544c89ec462049c962b8e4f906097 hornbill replied to the topic How to maximize return for my 1st IP?? in the forum Creative Investing https://www.propertyinvesting.com/topic/4409842-how-to-maximize-return-for-my-1st-ip/#post-4693938 Sun, 11 Aug 2013 12:34:48 +0000 Thanks wilko for your reply and tips. It's a 3+ year old unit and BMT told me I can still get a decent depreciation out of it. I forgot to mentioned the insurance. I spent $277 on a landlord insurance for the property.

Never thought I could claim those expenses insured while visiting the property. Will definitely keep this in mind. Will keep…[Read more]

]]> e7a74fd052676c1248d8b4fde40afba4 hornbill replied to the topic Turning PPOR to IP..negative or positive geared? in the forum Thanks guys. I will take https://www.propertyinvesting.com/topic/4406178-turning-ppor-to-ip-negative-or-positive-geared/page/2/#post-4666185 Sat, 14 Apr 2012 06:16:14 +0000 Thanks guys. I will take that into consideration and speak to my tax accountant further about it.

]]> d47c0eddfade3c73007ec77a255fb7d2 hornbill replied to the topic Turning PPOR to IP..negative or positive geared? in the forum Help Needed! https://www.propertyinvesting.com/topic/4406178-turning-ppor-to-ip-negative-or-positive-geared/page/2/#post-4666181 Sat, 14 Apr 2012 05:15:42 +0000 xdrew wrote:
hornbill,There are lots of parts to say about your current invest.First .. you do realise you have 6 years to be away from your PPOR and still claim it as a PPOR and receive all the capital gains from that? At the end of that 6 years you can either return to the property or sell it. Thats gotta be worth a cracker to you .. you can…[Read more]

]]> f652539603df82707efde1beedc622bd hornbill replied to the topic Turning PPOR to IP..negative or positive geared? in the forum Help Needed! https://www.propertyinvesting.com/topic/4406178-turning-ppor-to-ip-negative-or-positive-geared/#post-4666180 Sat, 14 Apr 2012 04:06:57 +0000 Qlds007 wrote:
JohnHate to say no lender will lend your wife a cracker if she is unemployed especially since the intro of NCPP.If you decide to sell the property to your wife there is nothing to stop her being on the Title and both of you being co-borrowers or alternatively you buying a percentage of the property from and going from Joint…[Read more]

]]> 94431c74c1ec0e974aac441443f96e80 hornbill replied to the topic Turning PPOR to IP..negative or positive geared? in the forum Help Needed! https://www.propertyinvesting.com/topic/4406178-turning-ppor-to-ip-negative-or-positive-geared/#post-4666175 Sun, 08 Apr 2012 06:37:51 +0000 Thanks Freckle. You’re probably right. Doesn’t appear to be any chance of CG anytime soon. Main reason why i want to hang on to the property for now is because we have some building defects and legal issue going in with the builder at the moment. If i sell now, we may not get a fair market value for it, due to the building issues.

Assuming market…[Read more]

]]> c29668c9983eb22da742ef6cc73341de hornbill replied to the topic Turning PPOR to IP..negative or positive geared? in the forum Help Needed! https://www.propertyinvesting.com/topic/4406178-turning-ppor-to-ip-negative-or-positive-geared/#post-4666173 Sun, 08 Apr 2012 04:29:43 +0000 Bradley Beer wrote:
Hornbill,If you are looking to rent the property out. A Tax Depreciation Schedule can certainly add some financial benefit to your Tax Return at the End of the Financial Year.Regarding your query about whom can help, the ATO considers Quantity Surveyor's as having the skills and knowledge to estimate and assign values to the…[Read more]

]]> 3f5c87f5d9a67c5ab61e889f3617d25a hornbill replied to the topic Turning PPOR to IP..negative or positive geared? in the forum Help Needed! https://www.propertyinvesting.com/topic/4406178-turning-ppor-to-ip-negative-or-positive-geared/#post-4666172 Sun, 08 Apr 2012 04:24:22 +0000 Thanks guys…and happy Easter.

Here’s my plan:

1. Get a quantity surveyor to prepare a depreciation schedule.

2. Meet with rental agent to assess rental potential (and work out all outgoings – management fees etc).

3. Once I have all the numbers, meet-up with a tax agent to determine whether the property is in a positive / negative gear…[Read more]

]]> 24d1fb0dd379430319258be652a583e7 hornbill replied to the topic Turning PPOR to IP..negative or positive geared? in the forum Help Needed! https://www.propertyinvesting.com/topic/4406178-turning-ppor-to-ip-negative-or-positive-geared/#post-4666169 Mon, 26 Mar 2012 03:09:41 +0000 Hi Derek, i guess you’re right. An agent once told me that if I upgrade to bigger property, I actually ‘capitalise more’ than I lose. He was saying 10% drop in bigger properties worth more dollars compared to the smaller ones.

I guess he made sense, although at the time I was thinking in my head he probably tries to encourage me to sell my…[Read more]

]]> 77db1684fe793e98461bf85f2894cec8 hornbill replied to the topic Turning PPOR to IP..negative or positive geared? in the forum Help Needed! https://www.propertyinvesting.com/topic/4406178-turning-ppor-to-ip-negative-or-positive-geared/#post-4666166 Sun, 25 Mar 2012 23:07:00 +0000 Thanks guys. I will look into the depreciation schedule. May I know who can help me with that? Tax accountant?

Initially I was thinking of converting the property title from joint ownership (me and my wife) into just my name, as she is a stay home mom and not generating income. I had the impression that I might be able to turn the property into…[Read more]

]]> bb688f990a0ce93c98511f7e09cfae3d hornbill replied to the topic Turning PPOR to IP..negative or positive geared? in the forum Help Needed! https://www.propertyinvesting.com/topic/4406178-turning-ppor-to-ip-negative-or-positive-geared/#post-4666165 Sun, 25 Mar 2012 22:49:53 +0000 mattsta wrote:
I had a quick look at your numbers, and I suppose you made a mistake when you wrote Body Corporate fee : $420/wk? Perhaps you meant 420 per quarter?For positive cash flow property investing, you need to make sure that your weekly rental income is higher that weekly expenses. It's really as simple as that

You’re…[Read more]

]]> 195aa5fd02265c422f9d2ce081f5b7da hornbill replied to the topic Should I use a buyer'ss agent for PPOR? in the forum General Property https://www.propertyinvesting.com/topic/4402481-should-i-use-a-buyerss-agent-for-ppor/#post-4639827 Wed, 19 Jan 2011 03:48:26 +0000 Scott No Mates wrote:
I think that you'd find it difficult to get a money back guarantee unless you had some very tight KPIs. After all, they will present you with various options which will suit your budget, tastes, size requirements etc but you may not 'like' them.

I wonder if there is buyers agent out there that can offer negotiation…[Read more]

]]> 04a1040575fd7a1d38ab021792ca2caf hornbill replied to the topic Should I use a buyer'ss agent for PPOR? in the forum General Property https://www.propertyinvesting.com/topic/4402481-should-i-use-a-buyerss-agent-for-ppor/#post-4639825 Tue, 18 Jan 2011 12:20:03 +0000 Jamie M wrote:
I forgot to add. It wouldn't apply to a PPOR because you wouldn't have to pay CGT on it.

Thanks Jamie. I didn’t know that about the bit when you can only claim BA fees after selling an IP. Guess that’s something I may need to consider in the future.

But for now, it’s for my new PPOR. Perhaps I just catch up with one of the…[Read more]

]]> 232c343bca63be1ba34ecd57dcc9620c hornbill replied to the topic Should I use a buyer'ss agent for PPOR? in the forum General Property https://www.propertyinvesting.com/topic/4402481-should-i-use-a-buyerss-agent-for-ppor/#post-4639823 Tue, 18 Jan 2011 12:06:16 +0000 Scott No Mates wrote:
generally the ba will have more access to sales information than a buyer. They are better able to negotiate terms for the sale if there are special requirements etc.

Thanks Scott. You mean special requirements such as settlement date, property inspections etc?

]]> 49e2193c104ae96a3371f9f3caf82f2e hornbill replied to the topic Property ownership structure in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4402441-property-ownership-structure/#post-4639567 Thu, 13 Jan 2011 12:20:23 +0000 Thanks Terry. Yes, I’m doing the sums now before deciding. Most people suggest that making the move towards your 2nd property tend to be harder than your subsequent properties.

Probably not a bad thing, so that I don’t anyhow jump into something so big without doing proper research and work the numbers. Reading some property investment books,…[Read more]

]]> 7d215611b0bf2f5a84435661c5b26c20 hornbill replied to the topic Purchasing property - Trusts - Discretionary vs Hybrid vs Own name in the forum Help Needed! https://www.propertyinvesting.com/topic/4401452-purchasing-property-trusts-discretionary-vs-hybrid-vs-own-name/page/2/#post-4633773 Wed, 12 Jan 2011 02:30:23 +0000 Terryw wrote:
Ideally I would suggest buying at least one property in personal names as you get the CGT exemption – which will be huge as values increase over time. But this one I would suggest should be in the name of the spouse with the lower risk so as to increase asset protection.There after, ideally, in a trust, but again it would depend on…[Read more]

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