Terryw,It seems you have some quick references to law and I wonder what is applicable to foreign investors buying investment properties in Australia. My property broker is in Kuala Lumpur and Europe trying to sell $5mil property… Are we making it too easy to invest in our shores?  Just curious in this case.

Thanks for the reference,I will read it. I know many people from Sydney do buy houses in Withsundays for instance. And many real estates do advertise investment properties where they say you are eligible for x amount of weeks as holiday portion. I also know Sydney people who have house there and spend 6months there and 6 months in Sydney. Or…[Read more]

Terryw,The PROP is clear as mud and the 6 year period as well. I do pick up on your word "may". Which means this is a grey area and someone is the decision maker? Look. Lets take a specific example. Many people buy investment property say in Withsundays. Say you spend $1mil AUD bying such a property there while you live in Brisbane. With property…[Read more]

1. No. Costs can only be deducted to the extent that the relate to generating an income.Some costs could be claimed against capital gains when sold though.Teerw. Are you saying that when you see your accountant in June after full year of having investment property that rented out only for 6 months out of 12 and you pay 7% bank interest than only…[Read more]

 Here is an idea from US economical collapse.If this chateau costed $44mil AUD to build and was sold for $10mil I would happily pay $1mil AUD to share luxury appartment of similar style (in same building and great facilities) with others in such a building. The question than would be if it is possible to fit 44 luxury penthouse appartments in bu…[Read more]

Thank you all for so far submitted comments. If any common ground can be stated I think most people would agree that there is a general public frustration with quality of housing people are forced (economicaly) to buy but at the same time it is hard to break out. However the good news is that there are Aston Martins, Audi's and they are sold and…[Read more]

Hi, Property market is flat these days and in some areas it is still going a bit down.  $20k (+$10k government + $7k first buyer)  can be burned away and the only party benefiting from this deal would be your bank.In current flat market the benchmark is 6% term deposit interest income. If you can not beat this safely with acceptable risk than k…[Read more]