Mate, I had my property empty for 2 months over Christmas and another mate of mine has had his empty for 10 weeks. He still has no takers.  We are on the Gold Coast, but I can tell the rental market is really bad at the moment for us Property Investors, but good for renters.

Just out of interest, who's the insurance Company? I recently had a claim last year on my rental property in NSW, I'm insured with EBM Insurance. The damage came to approx $20,000 including 2 x weeks loss of rent for fixing the place up, new carpets, new locks, replace a very expensive murphy fold down bed, fix damage to walls, replace torn bli…[Read more]

That's the way i see it. As we are currently renting, both of our PPOR are being rented out to others, however if we sell these PPOR within 6 years of moving out, it should CGT free!

Thank u, my thinking was correct.

Thanks for the info. Currently we are actually renting and the lease is in her name only. I have allocated my PPOR to another property (land tax purposes) that i own. We are not buying anything, but I thought (was under the understanding) that if she was to move back into her property prior to 6 years and live there for another year then sell, it…[Read more]

I had a boat also, but was told to be able to claim the boat it would have to be in Survey. But this was back in 1994. Also, I think it's an insurance nightmare if you were to rent the boat out if it were not "in survey".

Yep – YEARLY Land Tax bills and higher accounting fees. Just gotta love the invention of Trusts!

and depending which state you buy in pay your land tax bill every damn year with no threshold allowance —- damn I hate paying this bill!

There is no GST applicable to residential rentals.

I just went to a Metropole seminar today and they mentioned a SMSF fund can only purchase Commercial/Industrial property, not residential.

In 25 years of being a property investor I have NEVER heard of a bank coming in higher than the purchase price and then borrowing out at the Valuation price not the purchase price……………I will keep an eye on your posting rtsaptead in the future to see if it all goes through for you —- good luck.

Chelkin,They are correct about a rent drop. I should of been dropping my rent by $10pw until I got it rented, but I waited 4 x weeks before I dropped the rent and this was on my suggestion not the Agents. I was confused like you as there was so many visitors looking at my web ad and viewing the place that I thought it should get rented. So many…[Read more]

Hi, Just to help you understand that you are not alone. I have just leased a house in the Gold Coast,  Ashmore and can tell you exactly the same thing happened to me. The previous tenants bought a house (FHOG) and there lease ended Jan 7th 2010. I did not want to be stuck renting my place out in early Jan (which I thought was a bad month) so I let…[Read more]

I have many doubts about buying my properties up in a trust again. My accountant recomended it to me years ago. Now years down the track I have realised some bad things that go with it. NUMBER 1 thing is damn land tax. Just got a bill yesterday for $8,400 and that's per year. Properties in a trust get NO Threshold allowance. If I had these pro…[Read more]