PropertyInvesting.com | new2invest | Activity https://www.propertyinvesting.com/members/new2invest/activity/ Activity feed for new2invest. Fri, 17 Apr 2026 11:27:42 +0000 https://buddypress.org/?v=2.8.1 en-US 30 hourly 2 6fd4da5becb60930c4582761fd31bc1c new2invest started the topic Buying a 2nd PPOR, and living in both what are the tax implications. in the forum General Property https://www.propertyinvesting.com/topic/5060527-buying-a-2nd-ppor-and-living-in-both-what-are-the-tax-implications/ Sun, 15 Dec 2019 10:52:57 +0000 Hi I really need someone to explain to me if this is doable

I already have a PPOR, due to work commitment and long hours I decided to buy and apartment off the plan $745k Port Melbourne (in 2018) closer to work (in CBD) so that I didn’t have to commute back home late. To date I still work long hours.

I will be living in that apartment some…[Read more]

]]> bed66d5b25a94ba8f5ec8717c18de67e new2invest started the topic Transfer existing PPOR into partners name and buying new PPOR on my name in the forum General Property https://www.propertyinvesting.com/topic/5048923-transfer-existing-ppor-into-partners-name-and-buying-new-ppor-on-my-name/ Mon, 21 Jan 2019 00:42:06 +0000 Hi all

Need to know if I can do this scenario below

Currently my PPOR is 50%/50%. I want to transfer my share into my partner’s name.
Then buy another PPOR closer to work in City for me to live in during the week.

I am in VIC, are there any cost involved in transferring my 50% into my partner’s name.?

]]> 5a879ae8489578ea4cf82c79b4b8e61e new2invest started the topic Buying Off the plan as owner occupier and renting out after settlement in the forum Help Needed! https://www.propertyinvesting.com/topic/5047743-buying-off-the-plan-as-owner-occupier-and-renting-out-after-settlement/ Wed, 15 Aug 2018 21:54:21 +0000 I am looking at buying my next property as Owner Occupier (OO) then after settlement will leave in it for 6months n after that rent it out. I already have a PPOR and 3 IP.

With this new purchase I will have 2 PPOR. One for a short term at least.

Wondering how long do I have to leave in it before I can rent it out n start claiming the deductions.…[Read more]

]]> 4572728595c59436f72aa71fff8723f3 new2invest started the topic Selling my existing PPOR and move into my new PPOR or keep it as an investment? in the forum Creative Investing https://www.propertyinvesting.com/topic/5028340-selling-my-existing-ppor-and-move-into-my-new-ppor-or-keep-it-as-an-investment/ Fri, 15 Jul 2016 04:30:43 +0000 Hi

I am currently building a new PPOR (a bigger house than the current PPOR) and was wondering what would be the best options. Whether to sell or rent out the house.

The new house I am building is $800k. (400k house and 400k land)
And the current PPOR is valued at $600k.(prop is 8yrs old) still owe 100k on it

If I sell, I can use the sales $$$…[Read more]

]]> e9e532bcc6bd918764b4249550c5da81 new2invest changed their profile picture https://www.propertyinvesting.com/activity/p/317683/ Mon, 15 Jun 2015 23:20:02 +0000 34e2b2259e752dea027dde18c79d71e2 new2invest replied to the topic Claiming Out of Pocket Expenses for Building an Investment Property in the forum Legal & Accounting https://www.propertyinvesting.com/topic/5008736-claiming-out-of-pocket-expenses-for-building-an-investment-property/#post-5008760 Mon, 15 Jun 2015 23:04:17 +0000 Looks like I will NOT be claiming this then. Thank you all for your response.

]]> d2ec2a044ac1b0472e1716425166ef28 new2invest replied to the topic Claiming Out of Pocket Expenses for Building an Investment Property in the forum Legal & Accounting https://www.propertyinvesting.com/topic/5008736-claiming-out-of-pocket-expenses-for-building-an-investment-property/#post-5008742 Mon, 15 Jun 2015 06:59:09 +0000 sitecost = cost to determine the type of slab/foundation for the house to sit on Class ‘M’ or Class ‘H’ etc..

I had to pay 10K to upgrade my slab

]]> bcee8e5b18973547e959beb436200530 new2invest replied to the topic Claiming Out of Pocket Expenses for Building an Investment Property in the forum Legal & Accounting https://www.propertyinvesting.com/topic/5008736-claiming-out-of-pocket-expenses-for-building-an-investment-property/#post-5008742 Mon, 15 Jun 2015 06:59:09 +0000 sitecost = cost to determine the type of slab/foundation for the house to sit on Class ‘M’ or Class ‘H’ etc..

]]> 6615315a24a165c244991034e20bcdd8 new2invest started the topic Claiming Out of Pocket Expenses for Building an Investment Property in the forum Legal & Accounting https://www.propertyinvesting.com/topic/5008736-claiming-out-of-pocket-expenses-for-building-an-investment-property/ Mon, 15 Jun 2015 06:20:44 +0000 I have just recently completed construction (End of April) of a 4 bed IP currently renting for 370/week. The property is slightly positively geared now with the latest interest drop.

It’s almost tax time and I have always done my tax return for the last 5 years but this year it is the first time that I have constructed an IP. I have had to spend…[Read more]

]]> e30b9b9f6bd02fb21cf0be4f6f1a2131 new2invest replied to the topic Stamp duty on mortgage vs Stamp duty on the purchase in the forum General Property https://www.propertyinvesting.com/topic/4994253-stamp-duty-on-mortgage-vs-stamp-duty-on-the-purchase/#post-4994284 Wed, 03 Sep 2014 02:08:59 +0000 Thank you all for the quick replies

So to sum up.
– Stamp duty charged by the state is NOT deductible
– Stamp duty charged on mortgage or LMI is deductible over 5 years.

]]> b549cc5515f3b610f4e50c518a6dff6e new2invest started the topic Stamp duty on mortgage vs Stamp duty on the purchase in the forum General Property https://www.propertyinvesting.com/topic/4994253-stamp-duty-on-mortgage-vs-stamp-duty-on-the-purchase/ Tue, 02 Sep 2014 04:40:21 +0000 What is the difference between Stamp Duty on Mortgage and Stamp Duty on Purchase?

Scenario:
IP – 400K
Stamp Duty – 20K
LMI – 10K
conveyancing $1k

In the above scenario, can I claim Stamp duty + LMI + Conveyancing?

]]> ff3ded9676fa3206adefeb68ceccd18a new2invest replied to the topic Selling without agent?? in the forum Help Needed! https://www.propertyinvesting.com/topic/4407062-selling-without-agent/#post-4673294 Tue, 10 Jul 2012 03:49:46 +0000 Have you considered http://www.buymyplace.com.au/ to sell your prop.
My cousin uses them to sell his newly build props. Cost is roughly 300-1000 per prop.

Other useful…[Read more]

]]> aa6b41b73085868621c46b0ed3341a87 new2invest replied to the topic Financing 2nd IP - how does it work? in the forum Creative Investing https://www.propertyinvesting.com/topic/4404786-financing-2nd-ip-how-does-it-work/#post-4656295 Thu, 13 Oct 2011 22:28:44 +0000 Thank You all.
Loan has now been Split.
Got depreciation report done as well and came at 14700.
Loan structured to claim 100%.
Tax Variation form 2011-2012 all completed waiting to be lodged after settlement.

]]> 29053fcad1bf820ae74a3905065aa090 new2invest replied to the topic Financing 2nd IP - how does it work? in the forum Creative Investing https://www.propertyinvesting.com/topic/4404786-financing-2nd-ip-how-does-it-work/#post-4656292 Wed, 05 Oct 2011 00:47:39 +0000 I heard from people at work
According to the ATO, if you can provide proof of any cost you incur towards your investment property, should be fine to claim.

In otherwords i should be able to claim 100% even if I have deposited 10% (redraw from PPOR) and bank lend me 90%
Investment loan + deposit = 100% clamaible for as long as you can provide…[Read more]

]]> 02285b6d33b07bfd4264f6e4de9a6574 new2invest replied to the topic Financing 2nd IP - how does it work? in the forum Creative Investing https://www.propertyinvesting.com/topic/4404786-financing-2nd-ip-how-does-it-work/#post-4656286 Sun, 25 Sep 2011 23:05:57 +0000 Hi Guys

Interestingly the same day I posted this post i was considering 90% or even 95% cause I didnt want to use my PPOR as security, I call my mobile lender to work out on some figures/options that I had. Settlement is still 3 weeks away. I have already put down my 10% deposit ($51700) and decided to go 95% and not use PPOR as security.

New…[Read more]

]]> 29708435613c9b542865c8e4392171ad new2invest replied to the topic Buying IP and Taxation and Ownership in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4404466-buying-ip-and-taxation-and-ownership/#post-4653956 Fri, 19 Aug 2011 02:50:15 +0000 I have been reading about PIT (Property Investment Trust) from Ed Chan book.

Any thoughts on that? Anyone using such a trust.

I rang them yesterday and i gotta book 3 weeks in advance to talk to someone and the cost is $300/hr.
So before I pay that $300 would be good to hear more from people who’s using PIT.

Thank You all for your thoughts so far.

]]> 03b2d5637f40b120c848df25521171b2 new2invest replied to the topic Buying IP and Taxation and Ownership in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4404466-buying-ip-and-taxation-and-ownership/#post-4653950 Wed, 17 Aug 2011 22:34:59 +0000 @Shape and @Terryw thanx for the valuable info.
I read about Trust etc….but dont really want to get into that right now considering it’s my first IP.

I’ll just make an appointment with a property accountant to go over this.
I also look in the contract for the “Tenants in common’ can’t find it.
My next step is visit an accountant and see what…[Read more]

]]> 19a707d9e86f8517807916e1a77a4844 new2invest replied to the topic IP @ Phillip Island for the Long Term. in the forum Creative Investing https://www.propertyinvesting.com/topic/4404384-ip-phillip-island-for-the-long-term/#post-4653416 Mon, 08 Aug 2011 04:28:45 +0000 Thx @Shape and @KT for responding.

I am still very interested to the idea of having an IP there one day…..
but i think for now I will just keep looking for capital growth props close to CBD (may be 20k from CBD.
See how I go..hopefully after spending last 6 mnths reading books and learning more about Tax …i feel ready.
Time to take some…[Read more]

]]> 1eb8472088acb5bd4fd1634fc45ea3aa new2invest started the topic IP @ Phillip Island for the Long Term. in the forum Creative Investing https://www.propertyinvesting.com/topic/4404384-ip-phillip-island-for-the-long-term/ Fri, 05 Aug 2011 01:31:04 +0000 Hi All

Just wondering if Phillip Island would be a good investment for the long term.
Properties have gone up in prices over the last 6 years and thinking what it would be like in the next 10 years.
Your thoughts?

]]> a58426531f971ed895c1f95fa632b4ee new2invest replied to the topic Free Newsletters and book recommendations? in the forum Hi Chris There is this one https://www.propertyinvesting.com/topic/4404308-free-newsletters-and-book-recommendations/#post-4652875 Wed, 27 Jul 2011 03:28:00 +0000 Hi Chris

There is this one which is FREE http://www.myrp.com.au/newsletter.do but I am also considering the $2.30/wk subscription as well.

]]> d545afafd9cad8a86aede9745c8a2821 new2invest replied to the topic To Invest or Not @ Park Edge Casey Fields - Cranbourne in the forum Creative Investing https://www.propertyinvesting.com/topic/4404276-to-invest-or-not-park-edge-casey-fields-cranbourne/#post-4652678 Mon, 25 Jul 2011 02:10:04 +0000 Thx Luke. You are right

]]> b51520e62d15a431faeb3ca51317defb new2invest replied to the topic invest in melbourne suburb in the forum General Property https://www.propertyinvesting.com/topic/4404271-invest-in-melbourne-suburb/#post-4652656 Sat, 23 Jul 2011 10:03:05 +0000 HowdyLucky for you I found this in the Paper this morning ^_^http://data.id.com.au/idforecasts/ with Tarneit being Number 1 for Population growth.It seems lots of people could be heading there….in the next coming years….which is a positive sign I guess.Dont know much about tarneit except population growth is certain… ^_^

]]> eb3650ee1afe2434768b8d43e34bab3a new2invest replied to the topic Metropole Property Strategist vs Custodian Wealth Builders in the forum Creative Investing https://www.propertyinvesting.com/topic/4404266-metropole-property-strategist-vs-custodian-wealth-builders/#post-4652509 Fri, 22 Jul 2011 05:43:13 +0000 Hi Kent

Thx for he heads up.

]]> 3ec2c674da6f8911577733e5ccc4a4ca new2invest replied to the topic Using Equity in my PPOR to purchase my 1st IP in the forum Thanks for all the info https://www.propertyinvesting.com/topic/4399746-using-equity-in-my-ppor-to-purchase-my-1st-ip/#post-4623336 Sun, 09 May 2010 23:43:03 +0000 Thanks for all the info guys,

]]> 4aa8666afdade2a7d95ea497af60f17a new2invest replied to the topic Family Trust: Is it the answer to minimize Tax? in the forum Creative Investing https://www.propertyinvesting.com/topic/4399764-family-trust-is-it-the-answer-to-minimize-tax/#post-4623452 Mon, 03 May 2010 21:48:23 +0000 Why do you need such a trust?
What’s in it for you?
I mean the adv of setting up such a trust.

]]> 15431ddf7bad09b1131df566c64777eb new2invest replied to the topic Using Equity in my PPOR to purchase my 1st IP in the forum Thanks for all your https://www.propertyinvesting.com/topic/4399746-using-equity-in-my-ppor-to-purchase-my-1st-ip/#post-4623333 Sun, 02 May 2010 21:45:37 +0000 Thanks for all your input.
Others please feel free to add what you believe is the best strategy.

I will start looking into LOC and other loans types.
I was not expecting quick replies but this is great.
Thanks for all the info. Keep it coming

]]> c38745958987a21d412773be2ffec499 new2invest replied to the topic Using Equity in my PPOR to purchase my 1st IP in the forum Creative Investing https://www.propertyinvesting.com/topic/4399746-using-equity-in-my-ppor-to-purchase-my-1st-ip/#post-4623329 Sun, 02 May 2010 04:25:17 +0000 Line of Credit – what is it ? And what r the advantages n disadvantages if having such account as an investor?

30k in Equity! Is that enough? If it is where will it be used: land or house?
How would the loan structuring works?

Cheers
New2invest

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