I personally doubt that about the CGT 100% thing. All new IP’s would be depreciated, and the 50% CGT rule doesn’t preclude any new house.

Anyhoo, I am paying CGT on a place I just sold, and will be depreciating the ones still in my possession to offset the CGT bill.

kay henry

I buy post 1985/1987 places when possible. It depends upon affordability. It’s one of my new criterion when buying. I need tax breaks for taxable income and reducing CGT.

kay henry

I think Kojo means “balk” or hesitate.

kay henry

No kidding Gats. I was dormant for 6 years after me and my gf bought two IP’s. Thank god I *was* dormant though, or I would have sold in a market that was not only flat, but where there was negative growth – and regretted it today. And I must say, it’s this board that’s provided a lot of my education on property- thank you, Steve!

kay henry

You’re not 46 for long though Celivia- happy birthday for tomorrow :o))))))))))))))))

kay henry

3 negs
37 years old
7 years investing

Thanks Matt

kay henry

Jeff- sounds like a huge project- you must be brave to take it on

It’as interesting, Jeff, that you talk about when yo first bought property. I knew bugger-all about property when me and my gf first bought in 1997- we bought a couple of units together- this is what I didn’t know:

* About depreciation and 1985/1987 allowances
* about sq metres…[Read more]

I did a bit of a searchfor you on this forum, yorker, and came up with some info from the archives.

Firstly though- is it a town with one horse or one goat? Well, the REIT says Roseberry has 1600 people, but wrappack, below, says it is 3000 people. Not sure if 1600 or 3000 is a horse or a goat.

Anyhoo:

wrappack said:

In NSW, there is very few…[Read more]

No actually, the link I posted has details up until 1996.

kay henry

hehe yack- funny your kids will be outside the Ball, staring through the window panes, hoping that the good folk inside the Ball might toss them some bread and dripping for their supper. [laughing]

Enjoy the Ball

kay henry

s22,

This one has detailed graphs of sydney areas up until 1996, with areas of growth etc. So it will provide a little history. I’ll look for something a bit more modern in a bit:

http://www.deh.gov.au/soe/techpapers/suburbanisation/population.html

kay henry

George,

When you said that 1-bedders in southbank start @ $300 a week rent and $380 for 2-bedders.. what would be the average purchase price of those units?

I am thinking that rent $$$ in itself doesn;t mean much- because if the units are 300k, then they are yielding 5% or if they are 600k, they are only yielding 2% (or whatever it is).

What’s…[Read more]

s22,

This one’s a good start for the whole of Australia:

http://www.abs.gov.au/Ausstats/abs@.nsf/0/782a4e3db7e0a049ca256cfc0082aa5c?OpenDocument

kay henry

Baloo,

I hear ya as to why you are holding off. For me, though, it is about purchasing in a flatter market- not for CG- but to buy properties that are now affordable (and were inaffordable during the boom). Because I am not purchasing for growth in the next few years (I doubt there will be much growth personally), then i’m also a little more…[Read more]

depreciator- I’m freaking!!

Do you mean i need my QS reports done by 30th June to claim for last year’s purchases? I really need the deductions for this past financial year, as I have a CGT bill, and need to reduce it.

Am I able to get QS’s done in the next couple of weeks before I get my tax done and still claim?

Thanks in advance

kay henry

“PM me” could also be “property manage me”.[biggrin]

kay henry

Angelcake,

Here’s a reply I wrote last night to someone who asked a very similar question to the one you have asked. I’ve edited out the irrelevant bits )

________________

I think there are heaps of positive geared properties around. Well, cheap properties with rental potential of 10.4% So you buy a property in a rural location, for 50k, and…[Read more]

Da Man,

I think there are heaps of positive greared properties around. Well, cheap properties with rental potential of 10.4% So you buy a property in a rural location, for 50k, and rent it for $105 a week. It’s not hard to find them. It’s whether you WANT that kind of property or not, that is the question- and it seems you don’t, so there’s the…[Read more]

Priced at 130k and rented at $180, I might find it worthy… but with a lot of Q’s to determine whether I’d buy.

How big is it? Studio? 1 or 2 bedroom? (I would not buy a studio, personally) How many sq metres?

How old is the unit? If it is post 1985, you can up the yield by using depreciation benefits.

As others mentioned, what are the body…[Read more]

Matt,

I sold a neg geared property to buy 3 more neg geared properties!! :o)) Seriously though- that one was an underperformer, and old, and, in selling it, it allowed me to develop more of a “taste” for properties that are more in line with the knowledge I now have, but that I didn’t have when it bought it 7 years ago.

I don’t know about your…[Read more]