PropertyInvesting.com | WJ Hooker | Activity https://www.propertyinvesting.com/members/wj-hooker/activity/ Activity feed for WJ Hooker. Sat, 11 Apr 2026 15:00:02 +0000 https://buddypress.org/?v=2.8.1 en-US 30 hourly 2 630e98f63a990e8cdea6b43e5a95f97f WJ Hooker replied to the topic Fish and chips in the forum Creative Investing https://www.propertyinvesting.com/topic/5019019-fish-and-chips/#post-5019063 Fri, 15 Jan 2016 06:35:52 +0000 Natasha 77,
I hope you have studied the tax returns and books for the shop and taken them or had an accountant check them ?
I remember visiting fish and chip shops as a kid, so they seem to go on forever, must be some money in it.
I knew a family that run a fish and chips shop, to me they seemed to get more out of it in tax savings and bulk buying…[Read more]

]]> 9c98b70579baaad7cb8d8196ab698828 WJ Hooker replied to the topic Change of Main Residence - clarification required for CGT Exemption & 6 yr rule in the forum Legal & Accounting https://www.propertyinvesting.com/topic/5018947-change-of-main-residence-clarification-required-for-cgt-exemption-6-yr-rule/#post-5019062 Fri, 15 Jan 2016 06:08:42 +0000 Peter is correct.
You need a valuation ( paid for to registered valuer not free real estate quotes) for your Melbourne property as that becomes the starting point for any future CGT.You have up to 6 months leeway.
Your price paid for the Brisbane house is your starting price for it for any CGT ( if you decide to nominate it as investment…[Read more]

]]> e2bfe1ab1a6bb84eb0bc8660b0283a10 WJ Hooker replied to the topic Shud I buy now, or Rent till next year, and hold off in the forum Help Needed! https://www.propertyinvesting.com/topic/4405270-shud-i-buy-now-or-rent-till-next-year-and-hold-off/#post-4659395 Fri, 25 Nov 2011 00:36:22 +0000 Desilucky,                  Don't buy. You will loose money.You only buy if house prices are rising faster than your repayments minus tax savings plus cost minus the first number in your head etc…                The global community is toast.

]]> db789ee3b1b891f816e6f50e1877a90e WJ Hooker replied to the topic CIty centre Brisbane or Townsville in the forum Help Needed! https://www.propertyinvesting.com/topic/4405269-city-centre-brisbane-or-townsville/#post-4659385 Fri, 25 Nov 2011 00:32:07 +0000 Lizzie,           I am trying to sell a house in Townsville. Let me give you a clue as to house prices.Going back a year there would be about 4-5 pages of houses for sale at Kirwan, now there are 14 pages.Houses that were $300,000 are now $250,000. I suggest you buy in Brisbane, but it is also dropping, so maybe don't buy..Good Luck

]]> bb2ec214416f15e7d1240e7516f6e4dc WJ Hooker replied to the topic The steps to watch for in the coming Australian housing correction in the forum General Property https://www.propertyinvesting.com/topic/4403251-the-steps-to-watch-for-in-the-coming-australian-housing-correction/page/2/#post-4645050 Mon, 04 Apr 2011 06:40:52 +0000 Great post fellows keep it up. Finally, something curent and interesting to read on this site.By the way Steve Keen is posting articles again on the current housing prices…Yes, I know lots of people are now saying "what does he know, he sold his property years ago thinking house prices would fall".  Maybe he was just a little too early, and as…[Read more]

]]> 4f72033e0bcb64a1b6c6a6746a62018a WJ Hooker replied to the topic Australian Property Bubble (article on Associated Press) in the forum Hi DWolfe and https://www.propertyinvesting.com/topic/4401872-australian-property-bubble-article-on-associated-press/page/2/#post-4636120 Sun, 28 Nov 2010 06:03:19 +0000 Hi DWolfe and others,                                        I know I posted a forum saying that house prices should fall from about Sept 09 I think it was , due to rising interest rates, etc, etc. But I was wrong they didn't, but as I said it's still a chance it may happen soon.I couldn't help but notice in my area these interesting things just…[Read more]

]]> 9ce75319efbec4b2bb17c5413646ccb7 WJ Hooker replied to the topic Land Tax in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4402038-land-tax-27/#post-4637184 Sun, 28 Nov 2010 05:47:45 +0000 Scott,         I understand your position, but do you own the property now ( not your PPOR ? )The land tax is on any property that's not your PPOR, or over a certain value ( depending on other properties ) which I'm sure you know about, so I am guessing this property is your PPOR at the moment ??? or am I missing something.

]]> a0d4c04cc77379d92403a246693fd9df WJ Hooker replied to the topic Property bust not here yet ... worse to come in the forum General Property https://www.propertyinvesting.com/topic/4385726-property-bust-not-here-yet-worse-to-come/page/35/#post-4549106 Sun, 03 Oct 2010 23:13:05 +0000 DWolfe,              I think you have touched on a very important subject. EDUCATION. I wont rave on here about it but it is a very valid point that we in Australia need a better Education System. Especially need more financial education at school and at home.gmh545,                Thanks for your input. As the others have said, your clients are…[Read more]

]]> 7bf71ed9adcf7d6491600c6aca6eebe9 WJ Hooker replied to the topic October 09 Property Crash Begins in the forum General Property https://www.propertyinvesting.com/topic/4397378-october-09-property-crash-begins/page/7/#post-4609721 Sun, 03 Oct 2010 22:47:19 +0000 harb and DWolfe,I was wrong…there I said it.Next time I should read it properly ( sometimes it's hard to get any peace in this house – four kids wanting to get onto the computer and the misses plus a grandchild wanting to play – I think you all get the idea ). The heading left out the word month so I presumed it meant over the last year since I…[Read more]

]]> 4a5ae099079e9be0160d558dc955943f WJ Hooker replied to the topic October 09 Property Crash Begins in the forum General Property https://www.propertyinvesting.com/topic/4397378-october-09-property-crash-begins/page/7/#post-4609718 Sun, 03 Oct 2010 00:37:26 +0000 Almost 1 year since posting.Lets see nowhttp://www.news.com.au/money/property/house-prices-dip-and-will-fall-further/story-e6frfmd0-1225932622360?area=money-sub-oneHouse prices down 0.2% see I told you so….LOL… I rest my case…Just joking..but still  If inflation is at say 3% then really the loss is 3.2% roughly. So I guess I was sort of…[Read more]

]]> 82320afbddf06d1273060578fc098db5 WJ Hooker replied to the topic 6 year rule clarification required in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4401011-6-year-rule-clarification-required/#post-4630740 Thu, 26 Aug 2010 23:05:12 +0000 Which is why I don't use an accountant. This just reinforces my view of them.Problem is most people believe every word they say, even when you send them an ATO ruling.

]]> 5656a2a2bb103e6f5de26a5c61592ef5 WJ Hooker replied to the topic Property bust not here yet ... worse to come in the forum General Property https://www.propertyinvesting.com/topic/4385726-property-bust-not-here-yet-worse-to-come/page/33/#post-4549076 Wed, 25 Aug 2010 00:55:27 +0000 OK so if the consensus is that housing will be flat for many years and no boom coming…. ( most people seem to go along with this ??).Then the obvious question is WHY are people buying investment properties ??Since and correct me if I'm wrong – you get rich from capital growth not rental income, why would anyone be throwing money away purchasing…[Read more]

]]> 27fc9152bfc2c099c949dd557bed5c2d WJ Hooker replied to the topic Investment property in husband's name. Deposit to be used from wife's offset account. How can interest be claimed on tax?? in the forum Finance https://www.propertyinvesting.com/topic/4400988-investment-property-in-husbands-name-deposit-to-be-used-from-wifes-offset-account-how-can-interest-be-claimed-on-tax/#post-4630607 Wed, 25 Aug 2010 00:39:18 +0000 Your 10% deposit is from an offset account – thus the extra interest, on that money is interest you can claim. You can do whatever you like with money in an offset account.However the 10% you use for your husbands property cannot be claimed by him, And he cannot now get a loan for that 10% and claim it because it is considered as money paid off so…[Read more]

]]> ea9fde781629ccc79534ae9a84ade950 WJ Hooker replied to the topic October 09 Property Crash Begins in the forum General Property https://www.propertyinvesting.com/topic/4397378-october-09-property-crash-begins/page/7/#post-4609715 Mon, 02 Aug 2010 00:27:44 +0000 This post from Steve Keen maybe the start of some house price action ?? House prices finally turn the corner ??http://www.debtdeflation.com/blogs/

]]> b0013df033119b4be45c08c70708c710 WJ Hooker replied to the topic When loan is in my name only but the house is in joint names, does that mean I have all the negative gearing benefit? in the forum Help Needed! https://www.propertyinvesting.com/topic/4400650-when-loan-is-in-my-name-only-but-the-house-is-in-joint-names-does-that-mean-i-have-all-the-negative-gearing-benefit/page/2/#post-4628591 Tue, 27 Jul 2010 21:37:02 +0000 Hi,     I think you are all looking at it from your point of view.Now imagine you are the ATO.Someone comes to you and says I borrowed $2 to buy something that is worth $1, now I want to claim interest on the $2 loan.It's the way they would look at the property purchase, you cannot borrow $500,000 and use $250,000 to buy half a house and then cla…[Read more]

]]> 5e06b065aaf5bca71fd41de16bd01001 WJ Hooker replied to the topic When loan is in my name only but the house is in joint names, does that mean I have all the negative gearing benefit? in the forum Hi,    Just by chance, https://www.propertyinvesting.com/topic/4400650-when-loan-is-in-my-name-only-but-the-house-is-in-joint-names-does-that-mean-i-have-all-the-negative-gearing-benefit/#post-4628586 Mon, 26 Jul 2010 21:50:52 +0000 Hi,   

Just by chance, last night I went to an ATO seminar on Buying, Keeping and Selling Investment Properties.

There were lots of people there.

One question asked was about borrowers and names on contract. It's actually the opposite to this but maybe gives some insite."

If the loan is in both names and property is in one name – can one pe…[Read more]

]]> f9b172cf3cb488ff0a56150ce61ae3e2 WJ Hooker replied to the topic When loan is in my name only but the house is in joint names, does that mean I have all the negative gearing benefit? in the forum Help Needed! https://www.propertyinvesting.com/topic/4400650-when-loan-is-in-my-name-only-but-the-house-is-in-joint-names-does-that-mean-i-have-all-the-negative-gearing-benefit/#post-4628586 Mon, 26 Jul 2010 21:50:52 +0000 Hi,    Just by chance, last night I went to an ATO seminar on Buying, Keeping and Selling Investment Properties.There were lots of people there.One question asked was about borrowers and names on contract. It's actually the opposite to this but maybe gives some insite." If the loan is in both names and property is in one name – can one person cl…[Read more]

]]> c230dbc455f953f1f0576e04123b0544 WJ Hooker replied to the topic When loan is in my name only but the house is in joint names, does that mean I have all the negative gearing benefit? in the forum Help Needed! https://www.propertyinvesting.com/topic/4400650-when-loan-is-in-my-name-only-but-the-house-is-in-joint-names-does-that-mean-i-have-all-the-negative-gearing-benefit/#post-4628576 Fri, 23 Jul 2010 04:24:31 +0000 devo76 and Terryw are correct.http://law.ato.gov.au/atolaw/view.htm?rank=find&criteria=AND~tr~basic~exact&target=YB&style=java&sdocid=SAV/66031/00003&recStart=6201&PiT=99991231235958&recnum=6208&tot=6386&pn=ALL:::ALL

]]> 6a5cc14475f77bf2c53ee84871029846 WJ Hooker replied to the topic Property/ Investment "seminars" are for mugs in the forum Opinionated! https://www.propertyinvesting.com/topic/4393369-property-investment-seminars-are-for-mugs/page/4/#post-4588348 Mon, 19 Jul 2010 02:49:38 +0000 Badgers_R_UsGood on you and best of luck.

]]> 5d566351685ebbba03154c54eeded260 WJ Hooker replied to the topic June Interest on IP in the forum Finance https://www.propertyinvesting.com/topic/4400604-june-interest-on-ip/#post-4628312 Mon, 19 Jul 2010 02:38:11 +0000 JPS25,             I think maybe I read it wrong for the solicitor…If you mean the solicitor was just for the loan then as above.But if the solicitor was for the transfer of property etc then it not deductable and is a cost of the house.as for CGT etc.bye again

]]> f60b523784c008ada356e399ab92c906 WJ Hooker replied to the topic June Interest on IP in the forum Finance https://www.propertyinvesting.com/topic/4400604-june-interest-on-ip/#post-4628311 Mon, 19 Jul 2010 02:35:32 +0000 JPS25            I presume you mean, you paid your monthly repayment at the end of July ?Yes your interest is for 2009/10             Loan cost so deductable over 5 years. Your name doesn't matter its all on your husbands tax.bye

]]> 14e33e92d857daec13bbf5f904d7d560 WJ Hooker replied to the topic No Housing Bubble in Australia...is there? in the forum General Property https://www.propertyinvesting.com/topic/4400323-no-housing-bubble-in-australia-is-there/page/2/#post-4626574 Sun, 18 Jul 2010 01:52:46 +0000 It doesn't pay to say something negative about property investing on this site  – you get shot down in flames.Problem is property investing has such a wide range of people with different amounts of debt and different wages etc.I still am of the opinion that housing is going down big time over the next few years.But, I still have kept my…[Read more]

]]> e36ff5ac0bb2edfe0aaf94cc35eb6809 WJ Hooker replied to the topic October 09 Property Crash Begins in the forum General Property https://www.propertyinvesting.com/topic/4397378-october-09-property-crash-begins/page/7/#post-4609712 Wed, 09 Jun 2010 22:41:05 +0000 fWord,           Good post, agree with it.As you suggest supply is fairly finite, except if people start selling ( cannot afford repayments and will move back home etc ), this then increases supply, thus reducing housing costs ( people see more houses for sale, less hurry, prices drop etc).Probably demand is related to the supply and as you say p…[Read more]

]]> 38828f1862cd2a94bb795c14063572f7 WJ Hooker replied to the topic October 09 Property Crash Begins in the forum General Property https://www.propertyinvesting.com/topic/4397378-october-09-property-crash-begins/page/7/#post-4609710 Wed, 09 Jun 2010 03:04:03 +0000 DWolfe & reddahaydn,                                        Note I said flats, not townhouses or appartments. I was just trying to say "not cheap ugly flats ". I take your points about all new appartments ( this is sort of what I meant to say about modern small living areas ).                                       …[Read more]

]]> 9c568059d9d46c7a4fbf66ec03f31c7e WJ Hooker replied to the topic October 09 Property Crash Begins in the forum Sorry,         Just https://www.propertyinvesting.com/topic/4397378-october-09-property-crash-begins/page/7/#post-4609705 Tue, 08 Jun 2010 06:04:01 +0000 Sorry,         Just had to post this.http://www.moneymorning.com.au/20100608/house-prices-at-maximum-risk.html#more-3296Always a good read is the moneymorning post.devo76Canada is not in dire financial troubles, it is like Australia in many ways, both have high housing costs, both are reliant on mining, both have hots of space with nothing ( ours…[Read more]

]]> 8bc3057c19c1e80a18d4c45cadde1a2c WJ Hooker replied to the topic October 09 Property Crash Begins in the forum DWolfe,            https://www.propertyinvesting.com/topic/4397378-october-09-property-crash-begins/page/6/#post-4609701 Sun, 06 Jun 2010 22:27:25 +0000 DWolfe,              Hi again,Superannuation, is a good thing. The main advantage being no tax after 60 or no tax in the drawdown time for SMSF etc.Whilst I do have lots of houses that pay lots of rent, I do regret not having the knowledge ( this was a long time ago before SMSF etc ) to put all my houses into SMSF it would be so good not to pay t…[Read more]

]]> 006d815561ef31af53aaa12630f1cede WJ Hooker replied to the topic October 09 Property Crash Begins in the forum DWolfe,            https://www.propertyinvesting.com/topic/4397378-october-09-property-crash-begins/page/6/#post-4609697 Sun, 06 Jun 2010 06:19:42 +0000 DWolfe,              Nice to hear from you.regarding China will not stop buying our rocks. http://www.businessday.com.au/business/markets/asian-stocks-drop-on-china-demand-concerns-20100604-xjjp.htmlBut that's just a taste of what's to come.regarding Oct 09 downturn for all Australia. Well you are correct that Melbourne kept booming, but I still…[Read more]

]]> f5a12841cbd1e5a03b5c8358f2b683c6 WJ Hooker replied to the topic October 09 Property Crash Begins in the forum General Property https://www.propertyinvesting.com/topic/4397378-october-09-property-crash-begins/page/6/#post-4609692 Sun, 06 Jun 2010 04:45:05 +0000 June update.Interest rates up 0.25% in MayInterest rates steady in June.Reddahaydn,                        Congradulations you have made some gain. good on you. Now sell.Has anyone been taking notice of the latest headlines about house prices??[Read more]

]]> cffb46cd4a08bdcabedaccfd3b7fa428 WJ Hooker replied to the topic October 09 Property Crash Begins in the forum It's the old Herd Mentality. https://www.propertyinvesting.com/topic/4397378-october-09-property-crash-begins/page/6/#post-4609688 Thu, 15 Apr 2010 21:21:17 +0000 It's the old Herd Mentality. Follow the other lemmings off the cliff.Or keep buying shares they are always going up and you will make a motsa a la 1929.Eventually, the bubble burst – you just have to make sure you are not the one caught with the shares or property at 100% loan to equity ratio at the time…..Nothing wrong with having shares or…[Read more]

]]> a8b3b1012464bc4cae0b0f482a1f6daa WJ Hooker replied to the topic October 09 Property Crash Begins in the forum General Property https://www.propertyinvesting.com/topic/4397378-october-09-property-crash-begins/page/5/#post-4609673 Mon, 12 Apr 2010 04:45:00 +0000 Dan42,              This is not the answer but gives a clue.http://www.brisbanetimes.com.au/business/foreign-buyers-inflating-market-20100326-r378.html

]]> a64d1b7201af49142d2b63768f93b158 WJ Hooker replied to the topic October 09 Property Crash Begins in the forum General Property https://www.propertyinvesting.com/topic/4397378-october-09-property-crash-begins/page/5/#post-4609670 Mon, 12 Apr 2010 03:59:25 +0000 Two month update:March – Interest rates up 0.25% to 4% – MarchDemand for new home loans dropped 8% in Jan – News.comFujitsu Consulting – 218,000 borrowers into severe mortgage stress last month.March 29 – Glenn Stevens " I think it is a mistake to assume that a riskless, easy, graranteed way to prosperity is to be leveraged into property. It isn't…[Read more]

]]> aa689ca0e9fe0cef58b52137e697cba2 WJ Hooker replied to the topic Repaying interest or principal on Investment Property in the forum Help Needed! https://www.propertyinvesting.com/topic/4399156-repaying-interest-or-principal-on-investment-property/page/2/#post-4619522 Thu, 18 Mar 2010 00:32:48 +0000 Agree with all,                         As stated its a matter of Horses for Courses. If you are a go getter then go interest only and max out – hope that capital gains brings in the big bucks.If you are cautious and like to sleep at night then go P + I and make some slow gains.There is no correct answer, its easy to be correct years down the…[Read more]

]]> ebdbf664a46412578ed0c0ba723fc7b3 WJ Hooker replied to the topic Northern Brisbane rental vacancies ?? in the forum Help Needed! https://www.propertyinvesting.com/topic/4399188-northern-brisbane-rental-vacancies/#post-4619780 Thu, 18 Mar 2010 00:11:55 +0000 Snoopy 11                   I have 3 properties in that area, one is coming up for new lease, but will be advising current tenant to leave, they are a pest. Asked agent about current demand and told still good demand in Bracken Ridge ( current tenant to leave ), will soon see how it goes ?

]]> c22b3d68ce75a9a11b3179061e3cd9c8 WJ Hooker replied to the topic October 09 Property Crash Begins in the forum General Property https://www.propertyinvesting.com/topic/4397378-october-09-property-crash-begins/page/3/#post-4609637 Tue, 23 Feb 2010 23:08:43 +0000 Government still trying to keep the housing buble going by encouraging Chinese to buy expensive properties.http://www.smh.com.au/business/property/australias-mortgage-debt-blowout-20100224-p1ex.html

]]> b99fc552e3847b031a7b9221b5ffba38 WJ Hooker replied to the topic October 09 Property Crash Begins in the forum General Property https://www.propertyinvesting.com/topic/4397378-october-09-property-crash-begins/page/3/#post-4609633 Mon, 22 Feb 2010 20:41:22 +0000 Dan 42,              Thanks for being so keen to chase up my earlier blogs. It shows that I predicted house prices to fall earlier in the year 2009 but then interest rates were dropped keeping prices up together with first home owners grants etc.               Note my heading is Oct 09 the beginning of the house price falls not this is the poin…[Read more]

]]> 72e3a812db2e2b160dfb4b83e18ecf75 WJ Hooker replied to the topic October 09 Property Crash Begins in the forum General Property https://www.propertyinvesting.com/topic/4397378-october-09-property-crash-begins/page/3/#post-4609630 Fri, 19 Feb 2010 03:47:28 +0000 Feb Update:Interest rates left on hold – despite 100% economist predictions ( and banks increasing rates more than reserve bank increases for Dec 09 ).Wespac – Loans to require greater deposit 87% from 92% loan to value ratio.Rental vacancies rising across AustraliaNew homes sales down 4.6% in Dec.Dan42 – OK so 10million dollar houses have gone up…[Read more]

]]> fee0a81c682fd78371f2979ba28e360d WJ Hooker replied to the topic Leveraging your super, why would you not? in the forum Creative Investing https://www.propertyinvesting.com/topic/4398785-leveraging-your-super-why-would-you-not/#post-4617186 Thu, 18 Feb 2010 04:22:36 +0000 Ben,        Have been a property investor for over 20 years and yes have made good profits in the past. Still own properties but with my current outlook I own them, do not have large debts on properties and enjoy the rentals as profits.If I thought properties were going to go up at 7% a year I would buy another 10 of them and make millions. But th…[Read more]

]]> 552103b9716cff5913249e63ae3de600 WJ Hooker replied to the topic Leveraging your super, why would you not? in the forum Creative Investing https://www.propertyinvesting.com/topic/4398785-leveraging-your-super-why-would-you-not/#post-4617184 Thu, 18 Feb 2010 03:45:54 +0000 Ben,        Your whole theory revolves around borrowing cost being low, growth being high, legislation not changing, etc etc..Do your figures with higher interest ( this is a certainty ), try growth of 2% over the next 20 years, housing costs like rents, insurance, maintenance, repairs, etc etc outpacing rental growth into the future and sudden…[Read more]

]]> d2406fac86d4c6e442a98b8f8cfd4c68 WJ Hooker replied to the topic October 09 Property Crash Begins in the forum General Property https://www.propertyinvesting.com/topic/4397378-october-09-property-crash-begins/page/3/#post-4609628 Wed, 20 Jan 2010 23:16:55 +0000 Jan update.No Reserve Bank meeting this month.First Home Owners  – Existing House bonus reduced from $10,500 to $7,500                                        New House bonus reduced from $14,000 to $10,000Headlines of Plunge in home loan approvals.

]]> b6a7f541e5a8b808865e92dcf09652c4 WJ Hooker replied to the topic Declining property prices in 2010... in the forum General Property https://www.propertyinvesting.com/topic/4398269-declining-property-prices-in-2010/#post-4614116 Thu, 07 Jan 2010 01:23:31 +0000 See my post October 09 Property Crash BeginsNote each month has another reason to sell now or miss out.

]]> 971ea2e6b3e51a97126b8d9105df7419 WJ Hooker replied to the topic October 09 Property Crash Begins in the forum General Property https://www.propertyinvesting.com/topic/4397378-october-09-property-crash-begins/page/3/#post-4609625 Wed, 23 Dec 2009 00:24:08 +0000 Lets have an update.December rate up 0.25% plus bank increases….more to come.Home rates 'to hit 8.5%'Author: Peter Martin, Economics CorrespondantDate: December 10, 2009Publication:  The Age (subscribe) Leading economists have forecast a rebound in Australia's economic growth rate that will force another series of interest rate rises, adding at…[Read more]

]]> 126cbdfe0d8e0b7c8eb5f27c3fa87089 WJ Hooker replied to the topic When interest rates hit 8.5% will that start our first home owners sub-prime crash. in the forum Dan42,            https://www.propertyinvesting.com/topic/4398086-when-interest-rates-hit-8-5-will-that-start-our-first-home-owners-sub-prime-crash/page/2/#post-4613024 Thu, 17 Dec 2009 03:30:44 +0000 Dan42,             regarding – house prices would not be allowed to drop 40%.Obviously you mean in Australia? Ask an American about house values and reserve bank saving them..Whilst I take your point that house prices have not crashed as predicted…lets just wait a bit longer and see if the economies around the world continues to improve once…[Read more]

]]> d3a7e57ea69a691a8e9f7586b0519e2d WJ Hooker replied to the topic RBA Ups Rates Again - Your kidding!! in the forum General Property https://www.propertyinvesting.com/topic/4397959-rba-ups-rates-again-your-kidding/#post-4612308 Tue, 01 Dec 2009 04:23:54 +0000 TheBish,                Get used to it… lots more to come….goodie.

]]> 0ae63039b3b7c9779134ea1c5c21c030 WJ Hooker replied to the topic October 09 Property Crash Begins in the forum General Property https://www.propertyinvesting.com/topic/4397378-october-09-property-crash-begins/page/2/#post-4609610 Tue, 24 Nov 2009 23:44:47 +0000 Another month – another 0.25% rate rise……Interest rate rises send house prices into reverseAuthor: Chris VedelagoDate: November 24, 2009Publication:  Sydney Morning Herald (subscribe) Get ready for a surprise. Despite the appearance of a market on fire, new figures from Residex show that property prices may have lost ground for the first ti…[Read more]

]]> 15bf30f010ed6a32e164d39f40b0e5f7 WJ Hooker replied to the topic Claiming pest inspection cost when not purchasing. in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4397249-claiming-pest-inspection-cost-when-not-purchasing/#post-4609076 Tue, 17 Nov 2009 00:57:17 +0000 cmason,               If you buy a house for $300,000               You pay stamp duty say $15,000               You pay solicitor fee say $1000               You pay inspection fees for structure and pest say $500You cannot claim the cost of above on tax, but you can claim total $316500 as your cost base for CGT when you sell.But if you do 2 1/2…[Read more]

]]> 944a41275003d8d2e13d0c41fb825daf WJ Hooker replied to the topic Claiming pest inspection cost when not purchasing. in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4397249-claiming-pest-inspection-cost-when-not-purchasing/#post-4609074 Tue, 17 Nov 2009 00:11:39 +0000 Katy,        Yes. There has been rummers of it being the sellers responsibiliy some time in the future.The sellers doesn't need to fix a problem, as you say, its then up for negotiation on price if you find a problem or they just say " too bad take it or leave it" and you walk away, but have to pay the solicitor and inspection fees. No tax claim…[Read more]

]]> c9e6af131d4b8bae976adc0bbf165bcf WJ Hooker replied to the topic Pls HELP - is this strata 2br unit a good investment? in the forum Help Needed! https://www.propertyinvesting.com/topic/4397814-pls-help-is-this-strata-2br-unit-a-good-investment/#post-4611489 Mon, 16 Nov 2009 03:26:32 +0000 DeeBeez,                 Can you afford to pay the interest if you have no tenants for a while?                 The new unit will give you lots more deductions than the older unit to help with cash flow, but against this you have the one near the beach will always be worth more and give better rent for the long run gain.                 Haven&#03…[Read more]

]]> 9fee33a75d2e16a97b557d4cf14435f4 WJ Hooker replied to the topic Do I have to Pay TAX on Equity withdawen from One IP to pay off Another IP in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4397782-do-i-have-to-pay-tax-on-equity-withdawen-from-one-ip-to-pay-off-another-ip/#post-4611350 Thu, 12 Nov 2009 01:38:35 +0000 microchip78Reply to first part – I do not know all your individual situations obviously, so do not know what bank or banks etc have your loans, but if same bank for both. Then maybe they will charge a valuation fee, a withdraw fee, a fee for breathing ( just a joke). Also you will need to keep some calatoral on house otherwise morgage insurance…[Read more]

]]> 8aa74d5485ceeeebfed19d65d0c020e1 WJ Hooker replied to the topic How to maximise return: rent income > interest payment in the forum Help Needed! https://www.propertyinvesting.com/topic/4397783-how-to-maximise-return-rent-income-interest-payment/#post-4611355 Thu, 12 Nov 2009 01:23:32 +0000 propertybaby,                       If you are travelling – what are you going to use for expenses??If you are not working , depending on what part of the financial year you are away. Then maybe you should do nothing, you can utilize the $6000 tax free part of tax as your investment return from your rental. Just a thought.

]]> 587d4c6c60ffcbd36a79350b7feb0ab9 WJ Hooker replied to the topic Do I have to Pay TAX on Equity withdawen from One IP to pay off Another IP in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4397782-do-i-have-to-pay-tax-on-equity-withdawen-from-one-ip-to-pay-off-another-ip/#post-4611348 Wed, 11 Nov 2009 23:49:14 +0000 microchip78,                       If you call the tax office, they can give you a ruling.But, my guess is – you will not be up for any tax, since are only withdrawing equity, your bank may charge you a fee and may not even allow it since you will have no equity in the house, but that another subject.Also I can understand your reasons for your…[Read more]

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