Hi Mr501,Thanks for the reply. Could you kindly elaborate a bit more. My situation is:(1) The property was bought in 2010 Sep for $374,000(2) The current value is perhaps less (maybe $ 360,000).(3) The property is now negatively geared…(3) assume I do the transfer now (say 1 June). I'm making a Capital loss. So do I still need to pay…[Read more]

Also note that those charges are tax deductable

I thnk the best is to get a depreciation schedule done by a qualified quantity surveyor. I have dealt with BDSA and they seem quite reasonable.http://www.bdsaqs.com.au

Hi,I have not dealt with them directly but BarryPlan seem to be very popular. They seem to be getting good prices and are generally reliable. I know another agent Benlor Real Estate but my experience with them is not very good.RegardsDan

In the builders contract, it states the builder needs to privide builders warranty insuarnce + building works insurance to cover damage arising from fire, theft etc. The builder has produced a copy of the builders warranty specifically for this site (under my name), so I think thats fine.As for the Buildng Works insurance he has got general cover…[Read more]

Thanks Johann for replying and I may contact you soon for more details…..CheersDaniel

Thank you very much Dan42… Infact when asked my accountant he didnt know about this.

Thanks for both the replies. Yes i get what you guys mean. It certainly got me started. And yes i'm planning to attend some seminars and read more books to expand my knowledge before i start buying any property. Any suggestions, for books or seminars? Thanks