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  • Profile photo of blueheelerblueheeler
    Participant
    @blueheeler
    Join Date: 2007
    Post Count: 45
    June 29, 2007 - 11:00 pm

    Hi woodvale, i dont know if this is a good idea but!! Why dont u change your PPOR to IP, rent it out and, claim tax deductibles, depreciation and use this to service your Property to bring down your morgage loan. The only problem with this is, it's liable for CGT.

    Profile photo of blueheelerblueheeler
    Participant
    @blueheeler
    Join Date: 2007
    Post Count: 45
    June 29, 2007 - 10:51 pm

    I would focus on looking for another Real Estate with an independant property manager, shop around.

    Profile photo of blueheelerblueheeler
    Participant
    @blueheeler
    Join Date: 2007
    Post Count: 45
    June 29, 2007 - 1:46 am

    Hi there, if the Builders have started construction and once the property is completed, the property may come under an established property. Also by saying that, the property must have remained sale free no matter what. That's my understanding, you must research for your answer either from an Investor or Real Estate. I hope this will help abit?

    Profile photo of blueheelerblueheeler
    Participant
    @blueheeler
    Join Date: 2007
    Post Count: 45
    June 28, 2007 - 10:33 pm

    Hi Brent, what type of portfolio are you looking at? Short term or Long term? Short term =positive gearing, i believe positive gearing is based on your rental income + depreciation servicing your morgage loan. Long term=capital growth, increase in value of your properties which will service your wealth. It's the asset that will provide your lifestyle, not the money. Let the money work for you and not you work for the money.

    Thanx

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