PropertyInvesting.com | LC888 | Activity https://www.propertyinvesting.com/members/lc888/activity/ Activity feed for LC888. Wed, 15 Apr 2026 08:07:07 +0000 https://buddypress.org/?v=2.8.1 en-US 30 hourly 2 3149e45869971128b32cd198f7e9fb1f LC888 replied to the topic good honest accountant in the forum Finance https://www.propertyinvesting.com/topic/4409823-good-honest-accountant/#post-4693864 Wed, 11 Sep 2013 10:15:22 +0000 Hi Richard,
Can you please provide me with the details of Steve Hodgkinson? I am really fed up with my current accountant. He seems to be overloaded and takes forever to do my income tax return and not only that, last year, he made a mistake and I ended up having to pay an extra $1,800++ plus the $6K from other taxable income (rental plus…[Read more]

]]> 68a875dd80229719caa11cacdabfcf72 LC888 replied to the topic Melbourne Suburbs in the forum General Property https://www.propertyinvesting.com/topic/4408879-melbourne-suburbs-3/#post-4687752 Sun, 24 Mar 2013 07:39:45 +0000 $450K – Altona
Otherwise, I'm banking on Hastings for something half the price!

]]> 60b467abfe136e2e132ae24f043c0cd9 LC888 replied to the topic Melbourne Suburbs in the forum General Property https://www.propertyinvesting.com/topic/4408879-melbourne-suburbs-3/#post-4687750 Mon, 18 Mar 2013 11:14:20 +0000 Ok thanks for the advice. Will strike it off the list then. Might just concentrate on regional areas like Mildura, Ballarat and Bendigo.

]]> 02eb93c0b084cb1ad94bf9ee2ed81e5f LC888 replied to the topic Melbourne Suburbs in the forum General Property https://www.propertyinvesting.com/topic/4408879-melbourne-suburbs-3/#post-4687748 Sun, 17 Mar 2013 10:23:31 +0000 What's your budget? I'm currently monitoring Altona, Altona Meadows and Cranbourne.

]]> 81f38e048ad6a1c2d10c58246aa28458 LC888 replied to the topic IP at Gold Coast? in the forum General Property https://www.propertyinvesting.com/topic/4408871-ip-at-gold-coast/#post-4687663 Sat, 02 Mar 2013 07:05:44 +0000 Yes, agreed. The last time I went there was probably 15 years ago. My partner is from Germany and has never been, so, thought we would take advantage of the cheap jetstar mid week deal :-)

]]> bec7bb672b703bbc726e6c6d4c604a94 LC888 replied to the topic IP at Gold Coast? in the forum General Property https://www.propertyinvesting.com/topic/4408871-ip-at-gold-coast/#post-4687661 Sat, 02 Mar 2013 03:16:34 +0000 Ok, thanks guys.

]]> f1d5da2de2b44cd480f468a8a5abeca4 LC888 replied to the topic IP at Gold Coast? in the forum General Property https://www.propertyinvesting.com/topic/4408871-ip-at-gold-coast/#post-4687658 Sat, 02 Mar 2013 01:19:51 +0000 Thanks for your advice, Richard.

What about those suburbs not immediately at Gold Coast, such as Upper Coomera, Coomera, etc., where apparently there's an infrastructure development plan? Read something about it end of last year, but couldn't find the article anymore >.<

]]> fedd5505ac72113ae2197196dcf82501 LC888 replied to the topic Melbourne Suburbs in the forum General Property https://www.propertyinvesting.com/topic/4408879-melbourne-suburbs-3/#post-4687745 Fri, 01 Mar 2013 11:44:34 +0000 Thanks Jacqui & Richard.

I already took the line of credit & used 15% of the available funds. Is it too late now? I didn't have a financial planner. All the financial planners I spoke to told me that I have to consult a broker as mortgage etc is not their specialty. Probably too late in the evening now to call Richard.

]]> fde500b1c5909b0b4f74f5814b9ed096 LC888 replied to the topic Melbourne Suburbs in the forum General Property https://www.propertyinvesting.com/topic/4408879-melbourne-suburbs-3/#post-4687740 Fri, 01 Mar 2013 10:30:23 +0000 Hi Jacqui,

Thanks for your response.

In all honesty, I didn't get into IP until I was smacked with a fat tax bill last financial year due to my IP being fully owned in SA. (I was working in the Middle East for 5.5 yrs prior to that). Then, I started looking at how to offset my tax and it appears that the only way to do this is to use my fully…[Read more]

]]> a557dbee567efdd3709c2713786756a4 LC888 replied to the topic IP at Gold Coast? in the forum General Property https://www.propertyinvesting.com/topic/4408871-ip-at-gold-coast/#post-4687655 Fri, 01 Mar 2013 08:04:21 +0000 Hi All,

Thanks for your advice. I'm just going to be there for holidays, so, thought I can inspect some properties. No particular strategy, really. Looks like I might as well enjoy my holiday and not bother about inspecting any properties!

]]> 88967f22104434f68462fece8ab4778b LC888 replied to the topic Fully Owned Property in SA but not PPOR in the forum General Property https://www.propertyinvesting.com/topic/4408503-fully-owned-property-in-sa-but-not-ppor/page/2/#post-4684472 Thu, 28 Feb 2013 10:39:19 +0000 Another issue (never ending!). So, I took the line of credit (LOC) using my fully paid PPOR as the equity. As I was waiting for the line of credit to settle, I needed to pay the 10% deposit on the IP which I was going to use the LOC for. My broker told me that I can just pay it from my own cash and then reimburse myself once the LOC was settled.…[Read more]

]]> a73bb3c278e638aaae1f1caf050e1b26 LC888 replied to the topic Fully Owned Property in SA but not PPOR in the forum General Property https://www.propertyinvesting.com/topic/4408503-fully-owned-property-in-sa-but-not-ppor/#post-4684470 Thu, 28 Feb 2013 10:29:29 +0000 Another question – is remortgaging the same as having a line of credit using my fully owned home as an equity? 

]]> e87914780d37a87ddb59f1b5cd058fa7 LC888 replied to the topic Fully Owned Property in SA but not PPOR in the forum General Property https://www.propertyinvesting.com/topic/4408503-fully-owned-property-in-sa-but-not-ppor/#post-4684469 Thu, 28 Feb 2013 10:27:06 +0000 Thanks for the response, Terry. That's what I thought. So, really, no way to reverse the non PPOR which is fully owned with my PPOR which has a mortgage! My finance is so screwed up. LOL.

]]> bdb4e0370f4d9361c94b9047b6003c9b LC888 replied to the topic Fully Owned Property in SA but not PPOR in the forum General Property https://www.propertyinvesting.com/topic/4408503-fully-owned-property-in-sa-but-not-ppor/#post-4684467 Thu, 28 Feb 2013 10:01:13 +0000 Thanks Dan.

I've asked this question to my broker before and she said there's no such thing but today, my boss suggested the same thing again:

– Is it possible to remortgage my fully owned property in SA and use that money to pay for my property in Melbourne that I am currently living in? …which means my IP in SA would be on mortgage and I…[Read more]

]]> bda78a2c8caa9d6ea7580c6286e38d41 LC888 replied to the topic Fully Owned Property in SA but not PPOR in the forum General Property https://www.propertyinvesting.com/topic/4408503-fully-owned-property-in-sa-but-not-ppor/#post-4684465 Mon, 18 Feb 2013 08:35:54 +0000 Thanks Dan. I've since done that as I didn't get much response to my post earlier on! :-)

Now, where to invest – regional Victoria with good rental yield and risky in terms of CG or suburbs around Melbourne which is less risky in terms of CG but would have less rental yield? I bought one IP at Hastings, Victoria using my SA property line of credit…[Read more]

]]> 8a719fb59f0a8bbf8887cbc15fc76a44 LC888 replied to the topic Fully Owned Property in SA but not PPOR in the forum General Property https://www.propertyinvesting.com/topic/4408503-fully-owned-property-in-sa-but-not-ppor/#post-4684464 Mon, 18 Feb 2013 08:29:29 +0000 Don't think there's really any CG. I bought the unit when I was working overseas thinking that when I return to Australia, I would want to live in it; hence, I paid it off, but ended up with a job in Melbourne. I would still like to live in this townhouse when I retire, perhaps.

If I sell the SA property, I might as well use it to pay off the…[Read more]

]]> a1c85a0bfeaf2ff2a70b1b511e0c41f0 LC888 replied to the topic Fully Owned Property in SA but not PPOR in the forum General Property https://www.propertyinvesting.com/topic/4408503-fully-owned-property-in-sa-but-not-ppor/#post-4684463 Mon, 18 Feb 2013 08:25:35 +0000 $1,564.29/month

]]> b305ffc0a4383e6c7a4ae4412bde0f2c LC888 replied to the topic Fully Owned Property in SA but not PPOR in the forum General Property https://www.propertyinvesting.com/topic/4408503-fully-owned-property-in-sa-but-not-ppor/#post-4684459 Sun, 17 Feb 2013 00:49:31 +0000 Qlds007 – I guess as my primary concern is to offset tax, the advice I was given was not to focus on the rental income but the capital growth potential. I was going to focus on regional Victoria at areas I think may have capital gains but still provide good rental income. However, I guess the general view is that regional Victoria would have less…[Read more]

]]> 7d7c885bb4a62abc8fc4a524628f8f42 LC888 replied to the topic Fully Owned Property in SA but not PPOR in the forum General Property https://www.propertyinvesting.com/topic/4408503-fully-owned-property-in-sa-but-not-ppor/#post-4684456 Sat, 16 Feb 2013 12:51:19 +0000 Thanks all for your comments. 

I have decided to take up an interest only loan which in effect makes my investment property a positively geared property. That doesn't help with my tax situation of course. I was naive thinking that I would pay the same amount monthly but the whole payment goes to the interest instead of partially to the principal…[Read more]

]]> c3ee7dbf69e0250e8572b126b82f4893 LC888 replied to the topic Newcomb - Ex-Commission Homes vs. Private Home OR Hastings! in the forum Help Needed! https://www.propertyinvesting.com/topic/4408502-newcomb-ex-commission-homes-vs-private-home-or-hastings/#post-4684450 Sun, 20 Jan 2013 04:01:49 +0000 Thanks for your response JacM.

% wise, do you think the ex-commission homes will make the same capital gains as privately owned homes?

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