[monyetMember@monyetJoin Date: 2003Post Count: 13]

December 26, 2003 - 7:04 pm

No-one has had any dealings with homepath????

[monyetMember@monyetJoin Date: 2003Post Count: 13]

December 23, 2003 - 9:35 am

Back to the topic i started with….

Has anyone had any dealings with a net based lender called homepath??? They are a subsidiary of Combank and appear to have VERY attractive rates!

[monyetMember@monyetJoin Date: 2003Post Count: 13]

December 22, 2003 - 10:41 pm

Redwing

I appreciate your honesty.

I have to say it is a very attractive option.

My family is all over east and i intend on moving back soon anyway so its actually not really the master plan to commit fraud the 6 year rule becoming a real + for me. Working out depriciation is the difficult task ahead. And also trying to find someone to install the split system air con unit i have bought obviously at the wrong time of year because all the installers are booked up for at least a month..[][]

[monyetMember@monyetJoin Date: 2003Post Count: 13]

December 22, 2003 - 8:18 pm

Marzipan…

I would enjoy meetings like this for “younger” investors. I am 25 as well and have just started on the investment trail and have to say am very exited about future projects.

[monyetMember@monyetJoin Date: 2003Post Count: 13]

December 22, 2003 - 8:13 pm

Hence my dilemma….

I can state that i am no longer living here while remaining the entire time which makes a huge difference when -ve gearing.
(able to claim all expenses instead of half)

In which case who will know any different?
The ATO has many different ways to determine a persons PPOR but to take advantage of the 6 year rule my address would remain the same with the ATO.

Who’s to say whether i am living here or not. A friend told me to set up a PO Box and none would be the wiser.

From what i read as long as i declare rent that would be termed “reasonable” for the IP no-one would be the wiser whether i am receiving this figure or not.

Seems to be a very easy way to get away with being very dodgy!

[monyetMember@monyetJoin Date: 2003Post Count: 13]

December 21, 2003 - 8:35 pm

Cheers for that redwing..

I have done the sum’s and by simply deducting 1/2 the interest off the rent i am claiming have -ve cash flow and after expenses should have a healthy sum to claim back. Makes me want to move out and claim it all….

[monyetMember@monyetJoin Date: 2003Post Count: 13]

December 21, 2003 - 3:15 pm

Am i right in thinking these prices are new to Perth? Having only recently moved from Melb they are nothing new to me however this part of the city outside South Perth really hasn’t been devaloped to its obvious full potential.

It would appear the 4 large apartment blocks being built there are somewhat of an overkill or is this an example of the eastern states investors looking to the west?

[monyetMember@monyetJoin Date: 2003Post Count: 13]

December 21, 2003 - 2:39 pm

I am also a WA investor (2 storey aptmt in Vic Pk, it is nice to have some local advice on a national forum…. .
There are many properties advertised each week in The West for this area most it seems being sold relatively quickly.

I wonder if anyone here has a similar property or further advice for the area? Particularly as there are some high end $$$ blocks being built just down the road in the Rivervale/Ascot Waters region. They seem overpriced in comparison to what is currently available in Vic Park or will this drive the prices up here?

[monyetMember@monyetJoin Date: 2003Post Count: 13]

December 18, 2003 - 11:33 am

Yes Please

sambo_1506(at)hotmail.com

[monyetMember@monyetJoin Date: 2003Post Count: 13]

December 18, 2003 - 11:27 am

Thanks for the feedback…

How do the ATO then determine PPOR then???

Sorry for the ignorance here but i am looking to claim the apptmt wholly as a tax deduction and this 6 year rule will work greatly in my favor. Do the bills still have to be in my name, adress at the ATO remain there or if i buy no more property for the period does this one just default as my PPOR?

[monyetMember@monyetJoin Date: 2003Post Count: 13]

December 17, 2003 - 10:20 pm

Now live in Victoria Park
West Aussie

But will always call Ringwood home!
(suburb of Melbourne)