Hi Terry,Well the loss figure is a result of knowing the income and expenses on the property. But obviously we don't get back in dollar figures the exact amount of the loss – so in our case $6.5k. It's an apportionment of the loss and i'm trying to work out how accountants get to that figure. thanks

Sorry but we've only ever bought properties, not sold. What I was asking was, does it cost to list a property if it doesn't result in a sale? Obviously is does…

Then I'm not sure it is the right time for us…with all the moving costs, stress of re-locating, having a third child, it may be best for us to wait and give it our best shot in March when their contract is up.It also doesn't sit right to me to isolate the FHO target market by not presenting it well. I'd rather present it well and cover both…[Read more]

Thanks Matthew, this is all very helpful. I've always thought our IP could be targeted at FHO or investors as it's in the right price bracket for both. So having said that, we could go ahead and try your suggestion of 'testing the market' with the property in it's current state. Does this cost us money with the Agent?

Thanks Jamie, that's the plan. Wait til their lease is up. In the meantime, we will be living very frugally!

Johann – how much value did you think the property styling added to the sale price? Hiring furniture doesn't seem to come cheaply…but if it's worth it in the end, then I guess we'll just suck it up.

Yeah probably won't use 2 Agents now that I think it through…it was only because the Agent we're possibly going through to purchase our PPOR was going to give us a sweet deal if we sold through them as well…but they're not located in the suburb of our IP so we thought we'd need another one as a local option.

Yes Johann, we can't kick out tenants out to do the work (e.g. new carpet, paint) while they're in a fixed contract. We also wouldn't want them using the hired furniture. The idea being we wait 'til they're out of contract, spruce and dress it up and aim for a quick sale with 2 Agents on board. Hopefully the plan works!Thanks everyone for your…[Read more]

I spoke to a Rochelle from that office. She was great. I also have another referral from a family friend so will follow that Agent up and then decide. Thanks again

I double checked my settings and i definitely do…? I will try you otherwise just post on here…

Great thanks Jarad – I'm waiting on a call from them.

Thanks Jarad…happy to chat to you about Orange. Don't know where you're from but I live in Blayney, 30 mins from Orange so feel like I know the area well. Thanks also for the referral. Can I ask how much commission you pay? None of the Agents seem willing to budge on their rates unless you own multiple properties.

Thanks Terry…very helpful. What if you had no intentions to expand your portfolio including buying a PPOR? In that situation, wouldn't it be better to start chipping away at the principle?I guess though, keeping them as IO loans provides greater flexibility if one wanted the option of buying/ investing more in the future. Flexibility is key!Cheers

Thanks Richard…that makes sense. I just don't see how the benefit of maximising interest deductions is better than paying off debt and potentially saving thousands in the long run…I do see how in the short-term how it provides a great spring-board for contributing to more property. I guess that's what most people on here are looking to…[Read more]

I just don't see how paying off the principle and shaving years off the mortgage is bad? Regardless if a property is an investment or PPOR eventually the debt needs to be paid off and if the balance is significantly less because the principle has been paid off, then I would have thought this would out-weigh the short-term benefit of CF through IO…[Read more]

Still working through the issue of IO vs P&I. I understand the logic of paying off the principle for the purposes of a PPOR. However what if you don't have a PPOR, only investments? Wouldn't paying off the principle place you in an equally advantageous position in terms of future borrowings because you've reduced your debt? I don't see how…[Read more]

Hi Kate, I've had similar q's to yours if you search through my threads…I haven't found a good local accountant (I'm sure they're out there)…currently testing a new one in Syd who's also a serious resi investor.Good luck! P.S. If you invest in Blayney/Millt I've got half a dozen friends looking for rentals! Some have moved to Cowra just to get…[Read more]

Hi everyone, thought I'd add my comments. I live on the outskirts of Bathurst/ Orange and have just bought IP2 in Orange. Here's some things to consider about both suburbs.- Be careful about catering to the miners who are here for the construction phase of Cadia-East. It's got about 2 years left (construction phase) and Cadia has just had a…[Read more]

OK thanks again.

OK thanks everyone. My final question is more a clarification on trust losses.Say the trust had a cumulative loss of $10k over a number of years. The next year it makes a profit of $20k. The $10k loss is subtracted from the $20k, leaving a net profit of $10k, which is then distributed to the beneficiaries accordingly and taxed at their personal…[Read more]