I agree with qwerty

DHA take around 15% + GST

One property sold in my area for $250K . Rent was $250.00 per week – 16.5% = $208.75per week.

Annual Yield 4.34%

Extra commission probably goes towards painting and carpeting.

Cheers

Beancounter

Sorry Guys

Typo error 155 should read 15%

I would be pushing my luck to get a premium of $155k

cheers

beancounter

Hi Shezian

I am in agreement with you.

From people with whom I have spoken with most agree that it is almost impossible to find a postive geared property. As a few forum contributors have noted they are out there if you look hard enough.

I am now focusing on commercial property. I have come across an opportunity. 2 retail properties in regional…[Read more]

HI fellow property tycoons

Interesting to see backgrounds of forum contributors.

Im curious why there are no real estate agents or rental property managers.

Cheers

Beancounter

Hi Dennis

If Wagga is anything like Albury, there is minimal vacant land close to the CBD. As a guide a 800 sq metre block with an older type house in Albury will set you back anywhere bw 180K & 250K

You wont get your positive cash flow when you build your townhouse.

Hope my comments assist.

Cheers

Beancounter

Hi Stanford

Congratulations on owning your own home and rental property.

Unfortunately I am not in the same position as you just yet but my 5 year goal will get me there.

I agree with the idea of commercial properties. I have been unable to find positive geared rental properties. Over the past few years I have been focusing on CommercialRetail…[Read more]

Good evening Magnum

I can relate to your concerns.The decision to take another crack at an investment after previously failed investments is not easy.

In my case a failed business with a shonky partner really dinted my confidence not to mention my hip pocket.

Next I tried the share market purchasing Blue Chip shares. Whilst dividends were great…[Read more]

Harrymak

Congratulations you have an asset that most of us dream about. Will you adopt me??

Derynaka is absolutely 100% correct do not sell this property. If prices in your area increase at 5% per year you are getting a tax free gain of $45,000 per year. That equivalent to around $60,000 gross.

Property investment boils down to what your life…[Read more]

Good evening fellow property tycoons

Rod is on the right track

My understanding of the example given is:

Capital Gain $50K cgt tax rate (48.5% * 50%)= $12,125

Recouped Depn $35K @ marinal rate of 48.5% = $16975

Total tax payable = 29,125.

My preferrence is not to claim depreciation at all. Whilst tax breaks will be gained over the years…[Read more]