Hi Teylu

The best people to talk to about this is the State Revenue Office (at least it is in Victoria anyway).

However my understanding is that the property you purchase is irrelevant as long as you can demonstrate that you have lived in it within the first 12 months of purchase. However the rules are a little hazy on how long you must live in…[Read more]

Hi

I am no expert in property investing (not yet anyway) however I have started and my wife and I hve two IP’s in Melbourne.

Both of them are units and one brings +ve cashflow whilst the other one (for the last financial year) broke even for us.

However they are bothy units within body corps and we have come to realise that body corp fees and…[Read more]

HI SlumLord

Reading your post (and the short time frame in which you have achieved what you have) is very encouraging.

My wife and I have 2 IP’s (and we rent ourselves) of which one is +ve CF (through no real planning of mine I must admit I bought just before the big boom in Melb. and have been able to cash in rent wise) and one is -ve CF. Both…[Read more]

Good idea!

The general discussion forum is pretty long and covers a huge range of topics.

By putting a number of sub categories under the general discussion forum you would assist those scanning through the posts in filtering to their particlar interest/needs

Quote:
Hi Bulldog

Another newbie here reading through the many (so much infomration its fantastic) posts on the site.

Look at page three of the general discussion – “Top ten country towns for investing” as the threads gave me 19 places in regional Vitoria that are worth considering.[]