Look at the contract you signed, it will probably be listed

Hi

I stand by my comments that there is no point without capital growth.
Think about it. repairs, inflation, opportunity cost.
eg $100,000 property returning $100 per month = $1200 pa profit.
Hot water system needs replacing = $1200
= break even, but no growth to show for it.

Next year something else needs repairing or breaks. Whats the point?

But, If you can get high yields plus capital growth = ideal

Yeah, and sad too

Dan is correct

INCOME TAX ASSESSMENT ACT 1997 – SECT 118.140

Changing main residences

             (1)  If you * acquire an * ownership interest in a * dwelling that is to become your main residence and you still have your ownership interest in your existing main residence, both dwellings are treated as your main residence for the shorter of:

                     (a)  6 months ending when your ownership interest in your existing main residence ends; or

                     (b)  the period between the acquisition of the new ownership interest and the time when the ownership interest referred to in paragraph (a) ends.

             (2)  Subsection (1) only applies if:

                     (a)  your existing main residence was your main residence for a continuous period of at least 3 months in the 12 months ending when your ownership interest in it ends; and

                     (b)  your existing main residence was not used for the * purpose of producing assessable income in any part of that 12 month period when it was not your main residence.

I am not sure, but I think the company that owns the property would be assessed and this split up between the shareholders.
There are many problems with company title – so beware.

In the good old days I had a few client's who had their valuations come in over purchase price. One I queried the valuer and he said an identical apartment across the hall had sold for 20% more than this one so he had to take it into consideration. My client ended up getting a 95% Loan with no LMI payable. it is rare tho

I hate all people called Ryan!

Once a met a person called Ryan who was rude to me, so I hate they all now.

Are you trying pass off on Richards name?
QLDs007 v QLD007

Yes, me too – but they are only interest free for the month, then if you don't pay in full on time…..

Oh, yep deprecate the house (subjet to age) and fittings