From my limited experience, I believe CGT is applicable to the portion of time it has received income.  So I you rented it out for say 3 years and had lived in it for 1 year, then CGT would be applicable to 75% of the profit (divided by 2 because you've held it for over 12 months)

Equity is not a problem – its the serviceability lenders tend to look at before equity (I think).  We have thought about selling one of our properties but thats a last resort.  Would like to do the next project first (ie. subdivide, build, then sell one); see if that increases serviceability, then do it all again

Have a further look on this forum under Community, Heads up – massive post there.  Might make up your mind.Personally, we build with NBG through a builder called Infinity Group in Rowville – OK experience.   Had to chase them up alot.NBG do good sales pitch, but once your handed over to the builder & have committed yourself, service is another th…[Read more]

Thanks Terry – that's an interesting concept -will definitely look into that one.

Richard, not sure what you mean by 'fully insured lender' severely limiting my future investment plans?  Can you please explain this further?

jc1979 wrote:
We purchased an investment property in the eastern suburbs of Melbourne….knocked it down and build 2 units.  Bank valued the two properties together at $900k.We are now in the process of subdividing it.  Cost so far is about $5k.  Just getting the final papers done by the solicitor so unless he slaps us with a ridiculous bill the…[Read more]

Hi Jason,On my way home from doing some painting on one of our rentals in Skye, I popped past your place in Noble Park (best side of Noble Park too).  Met Anthony & his wife, who showed me around.  Please thank them for me.  The place looks great, so much work going on.  I think the deck will sell the house, such a great private area !  Did you…[Read more]

Thanks for that V8ghia.  As a newbie investor, I've definitely been 'tricked' by lenders before.  Next IP I'll definitely be on the ball regarding paperwork and securities. 

Hi there,  this is my first post to this forum, so be gentle !!So is it OK to have a few IPs with the one lender, as long as they're separate loans?  Or does the lender just lump them all together?