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Viewing 8 posts - 1 through 8 (of 8 total)
  • Profile photo of nutanuta
    Member
    @nuta
    Join Date: 2009
    Post Count: 11

    Up in the Blue Mountains. Also down south- Nowra, Erowal Bay.

    Profile photo of nutanuta
    Member
    @nuta
    Join Date: 2009
    Post Count: 11

    I got 2175 & I haven't even added up all my jewellery correctly. I am 36 so hopefully it will only improve.

    Thanks for this. It has been fun. Now I'm gonna get competitive & try to increase my score!

    Profile photo of nutanuta
    Member
    @nuta
    Join Date: 2009
    Post Count: 11
    Profile photo of nutanuta
    Member
    @nuta
    Join Date: 2009
    Post Count: 11

    Yikes! I would consider paying the loans off that you have already got. $962K in a rising interest rate environment is risky business in itself.

    Profile photo of nutanuta
    Member
    @nuta
    Join Date: 2009
    Post Count: 11

    I have a large key set -to house + garages + locks for gates. I need one set for the agent, & one for the tenant.
    I know it is quite negligible but still, money is money!

    Profile photo of nutanuta
    Member
    @nuta
    Join Date: 2009
    Post Count: 11

    On second thoughts, I don't think I can do it as it is 3.5 hours from my workplace, and it is obvious that my intention is only for tax purposes. With the purchase, I purposely tried to avoid land tax as that is a real killer to investing in NSW.
    What do you mean when you say the ATO treat land tax differently from the OSR?

    Profile photo of nutanuta
    Member
    @nuta
    Join Date: 2009
    Post Count: 11

    Thanks for the reply Terry. I was worried that I would have to pay land tax if I don't make the new one my PPoR. However, I've looked at the Land Value (NSW) search & they both add up to $287K so I am under the threshold & fingers crossed I will always be under the threshold as it climbs each year.

    I am wondering if is worthwhile financially at all to make it my PPoR now buy living in it first or just rent it out? I don't intend to ever sell either of them, and intend on moving into the second one in retirement or mabye sooner.

    Thank you muchly for your help.

    Profile photo of nutanuta
    Member
    @nuta
    Join Date: 2009
    Post Count: 11

    May I ask: if I rent out the new IP& do not move into it first, does that mean I can never claim the new place as my PPoR ever again (given the current laws of course) even if I do move into it & genuinely make it my PPoR?

Viewing 8 posts - 1 through 8 (of 8 total)