Yep, that looks correct.Just don't forget the other expenses such as travel, and loan fees (over 5 years)

There is no use in buying a negative geared property just to save tax. You should only consider property with profit in mind.Do you have any non-deductible debt? if so you should probably pay this off first. If not, you could pay into the loan, or you could just save up (ideally in a 100% offset account) and use the money for the next one. As you…[Read more]

There is no magical answer. You just have to do some research and make a decision. Some questions to ponder- do you see the values increasing in the short term? Long term?- Adding up selling costs and buying costs how much of a loss? – Do you have any other capital gains which you could use to offset the loss? (maybe save some tax)- If you…[Read more]

VB i am not sure what a PSB is, but I know what PSI is and if your income is classed as PSI it cannot go through the trust so you cannot offset the loss. There may be other ways of getting at least some of your income into the trust – such as leasing equipment owned by the trust. Sub-contracting to the trust etc.You need a good tax advisor who can…[Read more]

Anyone know of one that can add LMI to the top of the loan? St G can still – any others?

Maybe you were reading some old american stuff?Here it all comes down to LVR. No one is going to lend you more than a property is worth. Even private lenders are looking at around 70% LVR. However, you may be able to convince a rich relative to loan you some money – like one of my clients.

HiIt may be wise to keep your cash for personal expenses that may pop up. If you use it all now you may be short later. You may be able to set up a LOC on your home and then use this for the 20% deposits and then borrow 80% of each new property. Get a 100% offset account on one of these and keep your cash in that to offset the interest.That is one…[Read more]

You are lucky to be in Vic, as under s43 of the Duties Act you may be exempt from stamp duty:http://www.austlii.edu.au/au/legis/vic/consol_act/da200093/s43.html Duties Act 2000 – SECT 43 Marriage and domestic relationships43. Marriage and domestic relationships* * * * *(3) No duty is chargeable under this Chapter in respect of a transfer…[Read more]

Don't forget it you have positive geared property you will need to pay tax on this income.  This income will increase over time as rents increase. Also you will need to fund your own increasing rent paid with after tax money.And, you may not intend to sell, but probably will for various reasons. You could also be leaving a tax problem to children…[Read more]

Looks interesting. You will have to see if the rent is linked to the CPI or increases etc.One draw back if you have to sell is you will have to sell with the lease in place so your market will be limited to investors.

in your eg. $350 x 52 = 18,200Price is $400,00yield is 18,200/400,000 = 4.55%Have a look at rough rents in the suburbs you are looking at and the rough prices and work out an estimate. When looking at properties ask the agent what hey will rent at (and take off 10% for exageration!) and then call up pretending you want to rent a similar property…[Read more]

I think you may not be able to claim anything at all if you are not getting a commercial rent – you won't be able to justify the deduction.A way around it is to 'charge' them normal and and then gift them back the extra. Or, depending on their situation, pay them for doing maintenance on the place.

It will be hard for you, as you will need around 5-10% deposit and demonstrate 3 to 5% genuine savings excluding the FHOG. Also you will probably need a financial positive position (ie own more than you owe).So try to sell that boat and pay off those loans asap and keep saving. And, it may be wise to open an account with ST George now as they will…[Read more]

Yeah, i have heard about it. a guy called Chris here https://www.propertyinvesting.com/forums/property-investing/help-needed/4328608

St G is one that lends to 95% still – but you must have been a customer with the bank for at least 6 months prior.Bankwest can also do 95% on the higher interest rate product.

I don't think there is any minimum. You can see the things they take into account in determining whether a property is your main residence in TD51 which you can find on the ATO site.

Yes, it can be painful have to give back all your upfront – but it doesn't really happen that often.

hi CraigI am retired – no more going to an office, but i still do the odd loan or 2.I think you will find with the ultra rate tracker they now only go to 90% LVR. If you want 95% you will need to chose the mortgage shredder at a much higher rate.

Hi CraigThe FHOG and stamp duty concession adds up to a lot of money. You will also not get a CGT exemption on the property if it is owned by a trust.Have you considered buying in your names and moving in for 6 months and then out again. This way you get the FHOG and can keep the property CGT free during an abscence of up to 6 years and claim…[Read more]

There are 2 different ways to claim things.1. is Capital costs. These can be claimed against the capital gains when you sell. This included purchase expenses and selling expenses such as stamp duty, legal fees etc. Not loan fees2. is general deductions and this includes general running costs and depreciation. Loan fees can only be claimed over 5…[Read more]