PropertyInvesting.com | trueblue | Activity https://www.propertyinvesting.com/members/trueblue/activity/ Activity feed for trueblue. Sat, 11 Apr 2026 15:00:02 +0000 https://buddypress.org/?v=2.8.1 en-US 30 hourly 2 1f332f82b2b5ea78bf6fef12c68b79ba trueblue replied to the topic Where to claim investment books on tax return? in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4386309-where-to-claim-investment-books-on-tax-return/#post-4552232 Wed, 02 Aug 2006 06:12:52 +0000 I wouldn’t claim the books under self eductaion as the 1st $250 is not allowable.

I’ve always claim them under technical books in the rental statement. Doesn’t really matter if you allocated them or not as it’s consolidated in the tax return.

If your properties are in jt names, they have to be allocated accordingly.

]]> d0e649c1721d7f0bbc9c679937440ec0 trueblue replied to the topic Any one bought in Shanghai? in the forum No Subject https://www.propertyinvesting.com/topic/4386085-any-one-bought-in-shanghai/#post-4551338 Tue, 18 Jul 2006 07:13:05 +0000 Hi Shaun, my sister has a property in Shanghai. Bought it about 3 years ago. As far as I’m aware, she’s yet to see any returns. She paid cash for the property. Not sure if it’s a place you’ll want to invest in.

]]> 4742028e4ccfcbb19b8f7bfa83f44dcb trueblue replied to the topic Investment in Hong Kong in the forum No Subject https://www.propertyinvesting.com/topic/4386107-investment-in-hong-kong/#post-4551395 Fri, 14 Jul 2006 06:14:20 +0000 The ATO requires you to declare income from all sources. That means HK as well.

]]> d1e840d8598914f0b60fa23fe79de324 trueblue replied to the topic Cheap but Good Quality Kitchen Bench guy.Perth? in the forum Help Needed! https://www.propertyinvesting.com/topic/4386113-cheap-but-good-quality-kitchen-bench-guy-perth/#post-4551441 Fri, 14 Jul 2006 05:57:01 +0000 There’s an auction place in Wangara that does this sort of thing. Just look under Auctions in Saturday’s West. Good luck.

]]> 73d7570b5cd49aa3fb16ff91d59472c0 trueblue replied to the topic outdoor pool and spa in the forum No Subject https://www.propertyinvesting.com/topic/4386020-outdoor-pool-and-spa/#post-4551017 Tue, 04 Jul 2006 03:01:27 +0000 Personally I do not buy IP with a pool or spa. It’s too much of a hassle. Not all tenants will look after them. The cost of maintenance is usually quite high as well.

]]> 0a1dca2fdfc9c25c58eac7b257789532 trueblue replied to the topic Property potential loss of upto 100K! Help in the forum Help Needed! https://www.propertyinvesting.com/topic/4385989-property-potential-loss-of-upto-100k-help/#post-4550908 Tue, 04 Jul 2006 00:08:27 +0000 Hold on if you can. Should you decide to sell, think about the tax implications as well. It’s going to be a capital loss which can only be offset against a capital gains. That means it’s going to be years before you can recoup your losses. Seen in that context, you may be better off to continue to negative gear the property rather than selling…[Read more]

]]> e4741eff5426f9d8336482bc4e75aba0 trueblue replied to the topic Buying OTP in Burswood Perth in the forum Creative Investing https://www.propertyinvesting.com/topic/4385979-buying-otp-in-burswood-perth/#post-4550886 Fri, 30 Jun 2006 05:06:51 +0000 That’s very similar to speculation. Ask someone who bought in Docklands during the boom.

Having said that, can your husband afford to hold a $850,000 property if he can’t offload it?

]]> d557bc5276418924785f406d7fad19be trueblue replied to the topic How much to increase rent on IPs in the forum Help Needed! https://www.propertyinvesting.com/topic/4385976-how-much-to-increase-rent-on-ips/#post-4550873 Fri, 30 Jun 2006 00:55:12 +0000 Like Carla I manage our own properties. Rent is increased every 6 months. The amounts vary depending on the market. I use the rental column as a guide but normally charges below market. With a good long term tenant, it’s worth your while to look after them as it benefits both parties.

]]> b99d51de9adb8a38148a0d3378b80611 trueblue replied to the topic Perth - these builders? in the forum Help Needed! https://www.propertyinvesting.com/topic/4385959-perth-these-builders/#post-4550817 Thu, 29 Jun 2006 07:23:13 +0000 We’ve build two houses through Dale Alcock & can say we’ve been very happy with them. A very professional mob to deal with.

trueblue

]]> bce7553dedd97de944b4ea2dd1dade15 trueblue replied to the topic loss of rent insurance for commercial property in the forum Help Needed! https://www.propertyinvesting.com/topic/4385937-loss-of-rent-insurance-for-commercial-property/#post-4550702 Tue, 27 Jun 2006 00:36:46 +0000 Very good advice Michael. We normally asked for 3 months bond or a personal guarantee. But I like the 6 months bank guarantee better.

trueblue

]]> 83617cbbd8900b2ff24068033ee79545 trueblue replied to the topic loss of rent insurance for commercial property in the forum Help Needed! https://www.propertyinvesting.com/topic/4385937-loss-of-rent-insurance-for-commercial-property/#post-4550700 Mon, 26 Jun 2006 02:54:26 +0000 I’ve checked with my insurance broker. Unfortunately there are no covers for loss of rent for the situations you mentioned.

]]> b08778879fa15280694ddd9e55a0a302 trueblue replied to the topic gst on new house in the forum No Subject https://www.propertyinvesting.com/topic/4385885-gst-on-new-house/#post-4550318 Wed, 21 Jun 2006 06:39:39 +0000 My understanding is that residential houses are input taxed ie no GST is payable on sale. Hence investment properties which are for residential purposes have no GST on them.

]]> c41e8b158c4c29a97059a8c445058ef8 trueblue replied to the topic Anyone hit the jackpot in WA?? in the forum General Property https://www.propertyinvesting.com/topic/4385740-anyone-hit-the-jackpot-in-wa/#post-4549611 Fri, 16 Jun 2006 07:10:39 +0000 Geraldton is still good buying. The average property is about $40,000 to $50,000 below those in Bunbury or Albany. Try looking up Beachlands, Beresford, Bluff Point, Mt Tarcoola & Tarcoola. There’s heaps of work going up there. Go up there for the weekend & you’ll be amazed.

]]> ed348ab59cd4f545b9365174350e7b27 trueblue replied to the topic Investment Vehicle? in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4385840-investment-vehicle/#post-4550147 Fri, 16 Jun 2006 00:15:14 +0000 Generally a discretionary trust is much more flexible than a unit trust.

trueblue

]]> 0f015a94289fe3bd7370438c6607d799 trueblue replied to the topic Commercial property question in the forum Help Needed! https://www.propertyinvesting.com/topic/4381134-commercial-property-question-2/#post-4522615 Thu, 21 Jul 2005 04:48:20 +0000 Suggest you follow up on Midford and Deputy Commissioner of Taxation(2005) AATA623.

The tribunal ruling is very clear that both supplier & recipient need to address & document their GST intentions in regard to the supply by expressly agreeing in writing that it is a supply of a going concern.

]]> ebe3b43a79f9ae49831b2cdfa027666a trueblue replied to the topic Commercial property question in the forum Help Needed! https://www.propertyinvesting.com/topic/4381134-commercial-property-question-2/#post-4522612 Thu, 14 Jul 2005 06:09:05 +0000 No GST is payable provided there is a tenant already in place. If the property is purchased without a tenant, GST is applicable.

]]> 0910245910ba5e4cb6a5bdbb517d0294 trueblue replied to the topic Commercial property question in the forum Help Needed! https://www.propertyinvesting.com/topic/4381134-commercial-property-question-2/#post-4522609 Wed, 13 Jul 2005 04:32:26 +0000 With commercial property, you do need to register for both ABN & GST.

It is important as well that when purchasing a commercial property with a tenant that the going concern clause is completed. Otherwise, ATO will enforce GST on the sale price.

]]> 7522885cf2e8479721f0c8b818ab4a7f trueblue replied to the topic Fibro House - is it worth it? in the forum General Property https://www.propertyinvesting.com/topic/4374823-fibro-house-is-it-worth-it/#post-4481449 Mon, 05 Jul 2004 04:58:17 +0000 Most tradesman don’t like working on asbestos houses. Should you need to knock down the place, removal costs are also very high. If possible, I’ll keep away from buying an asbestos house.

]]> bdd9f5be08833e0367da5f916ed4e509 trueblue replied to the topic High Yield Properties in the forum General Property https://www.propertyinvesting.com/topic/4373869-high-yield-properties/#post-4474785 Fri, 21 May 2004 08:14:10 +0000 Our most recent buy is in Maddington, some 15km from the Perth CBD. Property return 11.3%. You do need to look for them. The properties are are there.

]]> 8e3fe8d37eaadecec1aeecae30b27d6e trueblue replied to the topic building and selling in the forum General Property https://www.propertyinvesting.com/topic/4373719-building-and-selling-2/#post-4473802 Mon, 17 May 2004 00:24:02 +0000 We have 3 commercial properties. As pointed out earlier, commercial properties are a pain if there are no tenants. Hence we stagger our buying so that the termination date of the tenants vary by at least a year.

It’s important to do a full due diligence before buying. It is also difficult to get good properties under $500,000. We keep in…[Read more]

]]> cc89a263d3b147ccda3f10ef74248927 trueblue replied to the topic Please help, RE: Capital gain and LOC in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4373498-please-help-re-capital-gain-and-loc/#post-4471880 Sun, 16 May 2004 01:30:49 +0000 Your question is more complicated than you think. When you subdivide an IP block, builds a house on the back & sells it to make a profit, those actions are likely to constitute the carrying on of an enterprise. Refer S9-20(1)(b)GST Act. As the sale of the house will exceed $50,000, you’ll be required to register for GST. The sale of the house…[Read more]

]]> c420aded0277d799233e1e9c5c678993 trueblue replied to the topic Reducing CGT in the forum General Property https://www.propertyinvesting.com/topic/4370890-reducing-cgt/#post-4451954 Thu, 12 Feb 2004 10:17:45 +0000 Makes no difference if you sell to your own company or any other company/trust. For tax purpose, you & your company are two seperate entity.

]]> 87513cf1306eff67f4dea898ef0efdf9 trueblue replied to the topic CBD Apartment Investment WA in the forum No Subject https://www.propertyinvesting.com/topic/4368471-cbd-apartment-investment-wa/#post-4432164 Mon, 06 Oct 2003 07:30:25 +0000 In all property investment, it is the land that increases in value. I wouldn’t waste my time looking at units in Perth.

]]> b5396d59122d94b09c68ebc1d3459bde trueblue replied to the topic Tenant Demands in the forum General Property https://www.propertyinvesting.com/topic/4368329-tenant-demands/#post-4431046 Tue, 30 Sep 2003 08:42:32 +0000 Your present tenants will never be happy with anything. If that’s how they are now, be prepared for much worse complaints & then they will start withholding rents as an excuse. I’ll get rid of them quick smart.

]]> e506a3b16fdff56f66c1502bc21cf9a4 trueblue replied to the topic Jokes? in the forum No Subject https://www.propertyinvesting.com/topic/4367779-jokes/page/3/#post-4427976 Thu, 25 Sep 2003 05:48:42 +0000 Hope you find this amusing as I did.

The Proxy Father

The Smiths had no children & decided to use a proxy father to start their family. On the day the proxy father was to arrive, Mr Smith kissed his wife & said, “I’m off. The man should be here soon.”

Half an hour later, just by chance, a door to door baby photoghapher rang the doorbell,…[Read more]

]]> 7b5767329270bb380de61ceb15f023f7 trueblue replied to the topic Steve on Today Tonight - Again!!!!!!! in the forum The Treasure Chest https://www.propertyinvesting.com/topic/4368092-steve-on-today-tonight-again/#post-4429570 Tue, 23 Sep 2003 03:03:08 +0000 Share investors will recognise MAP as Macquarie Airport – 48% owner of Sydney Airport. For those who missed out on Steve’s MAP, well, you can now have your own MAP via the stock market.

]]> 9f8e65ee8097f0e1b8d675c0461b0340 trueblue replied to the topic Land Title (please advise ASAP)! in the forum The Treasure Chest https://www.propertyinvesting.com/topic/4368075-land-title-please-advise-asap/#post-4429484 Mon, 22 Sep 2003 05:48:33 +0000 You can get a copy of the title from your local Dept of Land Administration.

]]> 465e6231cbb14ca0429fbe5fc43ab038 trueblue replied to the topic Landlords Insurance WA in the forum The Treasure Chest https://www.propertyinvesting.com/topic/4368036-landlords-insurance-wa/#post-4429324 Sun, 21 Sep 2003 00:43:07 +0000 I use ST George Underwriting Agency. Their phone no is 08 93178400. They are quite reasonable.

]]> a06fc78dc19aeb3e876328e41fc1b88c trueblue replied to the topic question about purchase with furniture (quick!) in the forum The Treasure Chest https://www.propertyinvesting.com/topic/4367737-question-about-purchase-with-furniture-quick/#post-4427696 Thu, 11 Sep 2003 07:21:07 +0000 I agree you’re better off to increase the price of the furniture. You save on stamp duty & you get a better depreciation thereby reducing your taxable income.

]]> f6ce545fcfacc2ac2b44ecbb68ad2499 trueblue replied to the topic Interest Rates will be on the way up ? in the forum No Subject https://www.propertyinvesting.com/topic/4367722-interest-rates-will-be-on-the-way-up/#post-4427625 Thu, 11 Sep 2003 03:34:05 +0000 Today’s record low unemployment rate is an indication of the direction of interests rate and that is up. If we continue to get more good economic news, my guess is that we’ll get 0.25 increase within the next 3 months.

]]> a22a332e05061d76258baa6299c2952a trueblue replied to the topic CGT on subdivision in the forum The Treasure Chest https://www.propertyinvesting.com/topic/4367616-cgt-on-subdivision/#post-4427141 Mon, 08 Sep 2003 07:57:01 +0000 CGT is a Federal tax & therefore applies throughout Australia.

It is best you get a surveyor/valuer to provide you with a value for the subdivided backyard.

]]> 73365000862353a3860283ce6dc2b049 trueblue replied to the topic is now a good time to buy? in the forum The Treasure Chest https://www.propertyinvesting.com/topic/4367552-is-now-a-good-time-to-buy/#post-4426694 Sun, 07 Sep 2003 02:09:22 +0000 Agree with Simon. I think investors are starting to go back into the sharemarket. Just look at the number of penny dreadfuls that have moved & the amount of daytraders that have returned to the market.

I’ll take extra care when buying an IP. I’ll rather be cashed up at the moment.

]]> 20f8b0c57120b40cdd00c3ecbd65d018 trueblue replied to the topic Commercial freeholds - What is =SAV? in the forum The Treasure Chest https://www.propertyinvesting.com/topic/4367572-commercial-freeholds-what-is-sav/#post-4426776 Sun, 07 Sep 2003 01:57:04 +0000 Sounds like it’s the business that’s advertised for sale as stock is normally sold in conjunction with the business.

Cannot see why someone will sell a property with stock unless its a crop or tree plantation.

]]> 717395404a21575c89efa632d2b40c2f trueblue replied to the topic Can I buy half a house? in the forum The Treasure Chest https://www.propertyinvesting.com/topic/4367583-can-i-buy-half-a-house/#post-4426832 Sun, 07 Sep 2003 01:51:29 +0000 Don’t see why not as long as long as this is clearly specified as joint tenants.

]]> fd2f31cf04f0a42efc16fb5e28f829cd trueblue replied to the topic Any honest hard working brokers out there ? in the forum No Subject https://www.propertyinvesting.com/topic/4367251-any-honest-hard-working-brokers-out-there/#post-4424472 Wed, 27 Aug 2003 06:53:38 +0000 Hi Tilly, I’m from Perth. Altho’ I’ve not had any loans through Stuart, I’ve emailed him a number of occassions. He is most prompt & very helpful. Just him a try.

]]> d079a1c9a4470ca3ce1c67a2ad83aff6 trueblue replied to the topic Are Brokers tax deductable ? in the forum No Subject https://www.propertyinvesting.com/topic/4367227-are-brokers-tax-deductable/#post-4424350 Tue, 26 Aug 2003 02:53:32 +0000 Inter state travel is a touchy issue with the ATO. If you are there & back within a day or so, that’s ok. But if you stay longer without a really good reason, it’ll be disallowed. Suggest you also check with your account.

]]> ae62fc15a40e0abf1ad88cb4aba34c56 trueblue replied to the topic Trust Fund ? in the forum The Treasure Chest https://www.propertyinvesting.com/topic/4367224-trust-fund/#post-4424342 Tue, 26 Aug 2003 02:48:29 +0000 Michael, you’re basically entitled to the final product, so to speak, from your accountant. So it’s ok to ask for or copy if you have not received one already. However, workpapers belong to your accountant & are not normally given out. Hope this helps.

]]> 7da1b5cc906aac7538e6c9c85c3fa4d9 trueblue replied to the topic Will you buy if -ve gearing is abolished? in the forum The Treasure Chest https://www.propertyinvesting.com/topic/4367108-will-you-buy-if-ve-gearing-is-abolished/page/2/#post-4423569 Sun, 24 Aug 2003 01:02:49 +0000 Apprentice, you have a point about CGT. It is likely the tax deductions claimed will be in excess of $1 billion for the 2003 financial year. That’s a lot of bickies.

As an alternative the Govt may allow losses to be quarantined & offset against the gain when the property is sold.

]]> faa65d598480aef0a2f3721112888ba4 trueblue replied to the topic Residential tax deduction ? in the forum The Treasure Chest https://www.propertyinvesting.com/topic/4367124-residential-tax-deduction/#post-4423690 Fri, 22 Aug 2003 02:32:13 +0000 Hi Max1999

When you become a developer, your houses are treated as trading stock. You’ll have to pay tax on your profits. Makes no difference what entity you use as you eventually have to cough up.

]]> 67fd1306ab5c76c7d454c4f6360ba402 trueblue replied to the topic Will you buy if -ve gearing is abolished? in the forum The Treasure Chest https://www.propertyinvesting.com/topic/4367108-will-you-buy-if-ve-gearing-is-abolished/#post-4423563 Fri, 22 Aug 2003 01:43:07 +0000 Great post, Davide. As a counter argument to predictions that rents will go up if -ve gearing is abolished, it has been suggested that it is likely interests rate will drop thereby allowing more 1st home buyers to buy in.

As an add on to Davide’s post, those that are buying -ve geared IP without doing due diligence, are they considered speculators?

]]> 2e95b9b896a82aee895ae6be92c61e96 trueblue replied to the topic interesting reading in the forum The Treasure Chest https://www.propertyinvesting.com/topic/4367085-interesting-reading/#post-4423391 Thu, 21 Aug 2003 03:51:26 +0000 I agree with Stu’s strategy simply because mine is very similar. The only difference is that I also invest in shares, which from reading the forum, is also employed by many others. However, I would not be surprised if Stu has a share portfolio as well.

]]> 354c1431935e0519f876be4f898f9080 trueblue replied to the topic top towns in W.A. in the forum The Treasure Chest https://www.propertyinvesting.com/topic/4367102-top-towns-in-w-a/#post-4423520 Thu, 21 Aug 2003 01:36:06 +0000 My nomination is Karratha for +ve cash flow properties. I like Broome as well.

]]> 107e322d5e5a0e9a3402d12fcb3843be trueblue replied to the topic How much saving is enough for your raining days ? in the forum No Subject https://www.propertyinvesting.com/topic/4367066-how-much-saving-is-enough-for-your-raining-days/#post-4423208 Wed, 20 Aug 2003 05:12:20 +0000 Yes, 6 months of cash reserves is generally sufficient. Brianhc has covered the provisos well.

]]> e23b321e1ee338e3d25f8f04623daa9e trueblue replied to the topic the lighthouse in the forum The Treasure Chest https://www.propertyinvesting.com/topic/4367078-the-lighthouse/#post-4423279 Wed, 20 Aug 2003 05:06:32 +0000 Sorry, aussierouge. no idea what you are talking about.

]]> 174be4a10ed33cf37844b0b4f8d21eac trueblue replied to the topic An insight about investing (long) in the forum The Treasure Chest https://www.propertyinvesting.com/topic/4367076-an-insight-about-investing-long/#post-4423265 Wed, 20 Aug 2003 04:42:34 +0000 Interesting analogy, but true. Even negatively geared properties can be nurtured to be posively geared properties. For all tose who have -ve geared properties, don’t loose heart.

]]> d9adc607e539d09f223396b1a8edfcee trueblue replied to the topic renting a spouse? in the forum The Treasure Chest https://www.propertyinvesting.com/topic/4367070-renting-a-spouse/#post-4423230 Wed, 20 Aug 2003 01:43:25 +0000 No reason why not if your ex spouse pays market rates. There are lots of people who rent properties to their parents, in-laws, brothers & sisters without any problems with the ATO.

]]> 50a07d88bdae5767de338cb86e3be109 trueblue replied to the topic Can installation cost for item be deducted? in the forum No Subject https://www.propertyinvesting.com/topic/4367048-can-installation-cost-for-item-be-deducted/#post-4423077 Wed, 20 Aug 2003 01:38:15 +0000 Generally, it forms part of the costs of the plant & is depreciated. However, if the total costs is under $300, you can write them off in one hit.

]]> b38327e538487a40124fc32b35fad70b trueblue replied to the topic who is/is not buying at the moment in the forum The Treasure Chest https://www.propertyinvesting.com/topic/4367045-who-isis-not-buying-at-the-moment/#post-4423036 Tue, 19 Aug 2003 05:45:34 +0000 To answer your question M, city properties are taken up by new migrants.

]]> 8c65c2ca3df6da3a402525df8d3c29d5 trueblue replied to the topic Air con. installation in the forum The Treasure Chest https://www.propertyinvesting.com/topic/4366989-air-con-installation/#post-4422648 Mon, 18 Aug 2003 01:35:51 +0000 Why don’t you try your local Haryvey Norman? Just strike up a conversation with the sales bloke & then get a name. Otherwise, the good old Yellow pages may just be your answer.

]]> 3249544421c04fc82821ee4f840f0ad8 trueblue replied to the topic TASMANIA'S UNREAL ESTATE BOOM in the forum No Subject https://www.propertyinvesting.com/topic/4366942-tasmanias-unreal-estate-boom/#post-4422425 Thu, 14 Aug 2003 05:32:09 +0000 Good guess, aussierouge.Basically the 1st article stated Tasmania’s population has declined from 4.5% in 1901 to 2.4% now. Over the past 15 years, Hobart has recorded the lowest rise in residential property prices – less than 1% than any other capital cities. Also population trend is to move towards the warmer areas.

The second article estimate…[Read more]

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