Total Members: 149,703


  • Hi all,

    I’m about to give away about 45 API magazines from 2004 to 2008.
    I’m located in Melbourne (sout-east / east area).

    If you want them, just PM me. It’s free (prefer to give it to someone rather than trash them in the bin)
    It’s Pick Up only.


  • ummester wrote:
    Some ideas follow. Some could be prolonged but some are impossible to avoid in the short term. I will note those with an *1 – FHOG boost gets taken away.2 – Unemployment keeps increasing. *3 – Immigration keeps decreasing. *4 – Stock increases as BB leave work and sell both PPOR and investment property. *5 – Negative gearing is…[Read more]

  • leo777 replied to the topic House Valuation in the forum Help Needed! 10 years, 10 months ago

    jaglions wrote:
    We bought our house 16 months ago for $185,000 and have spent $40,000 renovating the property. The house has been valued by the real estate agents to sell around the $260,000 mark. We have just had the property revalued by St George for only $235,000 and rental appraisal of $225 per week. I know I can sell the house tomorrow for…[Read more]

  • Hi,I would like to know whether people have experience withTax Affair Pty Ltd in South Yarra.If people can share their experience with this accountant, that would be much appreciated.Thanks in advance.Regards,Leo

  • Dear kattan & juzza316

    Thank you so much for your response. I think you are all correct about Tarneit. I would rather to invest somewhere else in melbourne…

    My next destination probably would be “Monash area” on the south east area of melbourne, such as Mulgrave & Clayton.. Gonna look Bayswater and Boronia as well..

    Once again, thank’s guys..

  • Hi,

    I heard that when you just acquire the investment, in order to get fully tax-benefit, I need to wait for (say 4-6 months) to install a new fence.

    The reason is any fence installation that is being done during the first 6 months is assumed (by ATO) as Capital Improvement, and is not tax-claimable.

    Is this true ??


  • leo777 replied to the topic Using my equity in the forum Help Needed! 14 years, 6 months ago

    Hi, commenting the answer from MobileMortgage.

    Current property Value $200K
    Current balance $135K

    Equity available at 80% LVR = $160K less current balance of $135K = $25K available as a deposit on new IP.
    Loan 1 with Lender XYZ, PPR used as security for this loan.
    Split A $135K non deductible debt (PPR loan)
    Split B $25K deductible debt…[Read more]

  • leo777 replied to the topic Using my equity in the forum Help Needed! 14 years, 6 months ago

    I am a bit confused about the equity access to acquire a new IP now.

    Based from the example from MyTrader:

    purchase: 155K (PPOR)
    loan: 139K (NAME of BANK = BANK A)
    outstanding loan 135K
    value of property now: 200K
    Seeming Equity: 65K

    So, say I get the property in 2000, with the price of 155k. The value now is 200k. The outstanding…[Read more]

  • Thank’s for the responds

    I still don’t understand the concept of Interest Only. So, if we only pay the interest, it means at the end of the loan, will the property still belong to me ?? (since I only pay the interest).

  • Dear MichaelYardney,

    I live in Melbourne, can you advise me a good financial adviser or accountant that is dealing with the rental property and tax stuff ??


  • Dear Michael,

    The link below doesn’t work:…55E2862,00.html

    I really want to know about this information. Can I get the correct link ??

    Thank’s in advance.

  • Regarding to the loan agreement, what kind of information should we provide ?? And who’s going to certify it ??

    One more thing, how about the rental agreement, with his her relative ?? What sort of document that we need to declare to the tax officer for audit purposes ? And who’s going to certify it ??


  • Dear Monopoly, Foundation, Mortgage Hunter, Bomandlouisa and anybody who read this topic.

    I need to change my word here. It is not Capital Gains Tax. I understand that I need to sell the property to get into CGT.

    What I mean here is “negative gearing”, the loss that I’ve made for my 1st property. For eg. I pay the mortgage $1000 per month, I…[Read more]

  • Dear Lenny (Deep_Pocket),

    Thank you for the info.
    So, how about the renovation cost ? Can I still claim it as a tax deduction (provided I have a sufficient income to offset the loss) ?

    The second point that I want to mention is: during august to november, the tax won’t recognise it as a loss (since the property is still vacant). And I am only be…[Read more]


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