Forum Replies Created

Viewing 2 posts - 1 through 2 (of 2 total)
  • Profile photo of cashdownecashdowne
    Participant
    @cashdowne
    Join Date: 2004
    Post Count: 6
    October 27, 2004 - 7:15 am

    Thanks Redwing for your comments.
    Originally I was to buy and hold but most unexpected family events have occurred
    Yes I have a s15-15 in place and loans are interest only.

    Do you know anyone can help with listing other than the rental agent

    Thanks
    Chris

    Chris Ashdowne

    Profile photo of cashdownecashdowne
    Participant
    @cashdowne
    Join Date: 2004
    Post Count: 6
    October 27, 2004 - 1:54 am

    Hi Muso Dave,

    I must say that I am in a similar position with a Melbourne (Malvern East)based 1 bedroom apartment and 3 BR townhouse in a bayside suburb. Together they are producing a cash outflow before tax benefits of about $16,000 and about $10k after tax. Eventually the tax benefits diminish and I have learnt that they should not be a prime driver, though helpful if they are there. I am now looking at selling one despite any capital gains as I agree with Steve (as per his neswletter today)that paying tax on disposal is not a bad thing. In my case it may reduce my negative cash flow with a view of then acquiring positive cash flow to balance things out a bit and move on from there. However, the only snag is that it may take time.
    Chris

Viewing 2 posts - 1 through 2 (of 2 total)