PropertyInvesting.com | leo777 | Activity https://www.propertyinvesting.com/members/leo777/activity/ Activity feed for leo777. Wed, 15 Apr 2026 00:13:23 +0000 https://buddypress.org/?v=2.8.1 en-US 30 hourly 2 3a8c9a30607cbea5dabb882206c1a860 leo777 started the topic 45 API magazines from 2004 to 2008 in the forum Buy, Swap & Sell https://www.propertyinvesting.com/topic/5022565-45-api-magazines-from-2004-to-2008/ Sun, 13 Mar 2016 00:16:57 +0000 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.

Thanks.

]]> bd7d6c4bf74bb91083f6b837785dd489 leo777 replied to the topic Property Market Has Bottomed? in the forum General Property https://www.propertyinvesting.com/topic/4395754-property-market-has-bottomed/page/2/#post-4601180 Sat, 04 Apr 2009 22:15:06 +0000 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]

]]> b342ab3cbcf32d0d2b38169fdd6a2fd9 leo777 replied to the topic House Valuation in the forum Help Needed! https://www.propertyinvesting.com/topic/4395866-house-valuation/#post-4601753 Sat, 04 Apr 2009 22:02:49 +0000 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]

]]> 5d091634081ef855f01a3815e8bbd7ce leo777 replied to the topic Can anyone recommend some good advisors regarding Tax, Trust experts in Melbourne? in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4394967-can-anyone-recommend-some-good-advisors-regarding-tax-trust-experts-in-melbourne/#post-4596951 Wed, 18 Mar 2009 06:46:50 +0000 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

]]> 32c6f2d56fbd5256dbe0d59f0d336860 leo777 replied to the topic Tarneit in Melbourne in the forum Help Needed! https://www.propertyinvesting.com/topic/4387149-tarneit-in-melbourne/#post-4556278 Tue, 24 Oct 2006 06:28:45 +0000 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..

]]> 664ddbac54881c53eb02a624d38503a8 leo777 replied to the topic Installing a new Fence in the forum Help Needed! https://www.propertyinvesting.com/topic/4381654-installing-a-new-fence/#post-4526057 Fri, 19 Aug 2005 04:39:27 +0000 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 ??

Thanks

]]> b214c394d4b4d89ca1638982a237cfb8 leo777 replied to the topic Using my equity in the forum Help Needed! https://www.propertyinvesting.com/topic/4381666-using-my-equity/#post-4526160 Fri, 19 Aug 2005 04:34:22 +0000 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]

]]> 8380e95ef6bf5cd2c8a8e1746482c895 leo777 replied to the topic Using my equity in the forum Help Needed! https://www.propertyinvesting.com/topic/4381666-using-my-equity/#post-4526152 Wed, 17 Aug 2005 04:30:00 +0000 I am a bit confused about the equity access to acquire a new IP now.

Based from the example from MyTrader:

MY PROPERTY:
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]

]]> 15b3766763130270f7684bff0b0b5a97 leo777 replied to the topic Principle & Interest vs Interest only in the forum Finance https://www.propertyinvesting.com/topic/4379426-principle-interest-vs-interest-only/#post-4510963 Fri, 01 Apr 2005 16:35:43 +0000 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).

]]> 4a101b18fe873dfa47fe5957a2f394ec leo777 replied to the topic Can anyone recommend a good financial adviser? in the forum Help Needed! https://www.propertyinvesting.com/topic/4379077-can-anyone-recommend-a-good-financial-adviser/#post-4508747 Wed, 09 Mar 2005 16:36:50 +0000 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 ??

Thank’s.

]]> 2270fc82d52c7f58771a7d0d5efccf6e leo777 replied to the topic Latest Melbourne Property Prices in the forum No Subject https://www.propertyinvesting.com/topic/4379049-latest-melbourne-property-prices/#post-4508534 Wed, 09 Mar 2005 15:53:19 +0000 Dear Michael,

The link below doesn’t work:
http://www.heraldsun.news.com.au/co…55E2862,00.html

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

Thank’s in advance.

]]> f2c17831f9e98b41f5f7b534147ae6c3 leo777 replied to the topic Tax deductability of loan from relative in the forum Help Needed! https://www.propertyinvesting.com/topic/4379051-tax-deductability-of-loan-from-relative/#post-4508546 Wed, 09 Mar 2005 00:36:23 +0000 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 ??

Thank’s

]]> 11921c61bc9f83ae55a68ee587b1869b leo777 replied to the topic First Home Owner Grant in the forum Help Needed! https://www.propertyinvesting.com/topic/4379059-first-home-owner-grant-2/#post-4508585 Tue, 08 Mar 2005 15:53:17 +0000 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]

]]> 044ab08207122b301c543b216c1eae6f leo777 replied to the topic Income from renting in the forum Help Needed! https://www.propertyinvesting.com/topic/4379012-income-from-renting/#post-4508332 Sat, 05 Mar 2005 02:14:39 +0000 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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