Hi Guys,
Im doing some prelimarny research and was hoping to be able to get some help for fairly general questions. I've requested for a 'cash flow analsis' software from cameron bird company which has been helpful, and just analysing some aspects of it
Depreciation claim – How much can you claim on a new house $280,000 on the first year? Generally, how do people calculate this? How much it costs to engage an 'expert'?
Loan Interest rate – to fix the rate now for a year, i checked several of the big banks. this rate was 5.6% for 1 year. Sounds pretty good, havn't looked into too much of the costs and charges.Stamp Duty – How to calculate this? Is it a straight % of the purchase price? (280,000?)
Insurnace – How much roughly? Is landlord's insurance fairly standard (e.g. like car insurance?) The annual figure im getting is 310 – 400.
Thanks guys,
Ken
Ken,
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Liam
Depreciation – It depends on the cost of construction, how old the building is and what can be depreciated inside the building (stove, air conditioner etc). You can get a decent report done for $400 – $500
Stamp Duty – Different states have different formula for calulating S/D. In SA the govt has a stamp duty calculator on one of its websites, I'm sure it would be similar in other states.
Dan
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