I will not be leaving my current job, i will still be employed but taking leave without pay. And taking up the contract in Canberra.

So i would be able to still rent etc.. ?

I have been offered some temporary contract work interstate. It is initially for 6 months, but could extend out to a year.

I am a bit confused on the matter. I understand that in order to be able to claim lafha you must maintain your primary residence and be able to return to it at any time.

The bottom paragraph of this…[Read more]

What sort of cost would i be up for?

To clarify, it wasn't one of the suburbs listed, but all were within i would say 10km of it, one just out of this zone.

There is a lot of land in the area, and there a new homes being built.  If it were to be priced higher, it would be in competition with newer homes.

Can you tell me a little more about the offset loan etc?

Value dipping, i am not so sure.  The agent i spoke with didn't seem to think so, even though he was there to sell my house he insisted i keep onto it.

He said for the price i paid, for this caliber of house, i would never get a deal like it again.

The agent also seemed to…[Read more]

4 Areas surrounding the area it is in are in the smart investors top 50 suburbs of 2014.

In the area, there is no other place that could be directly comparable to it (feature wise).  On the whole in the area there are maybe 4 – 5 other properties for rent only.

My aim is to grow my portfolio, so would keeping it be…[Read more]

So what sort of depreciation should i use, prime or diminishing ?

I was not intending of letting go of it too soon.

It is sitting at 479K.

Thanks

At the moment, since it is not much of a return.

I would likely sit on it. 

That is until i found a better use for it, definitely not spend!