That sounds like the right type of thing :)

I’m in Melbournes eastern suburbs, is there a website you could suggest Colin.

Cheers

Shall do Terry,

By ownership change – would that be deemed to occur in this instance – If I, wife & kids are the beneficiaries of the ‘trust’ for where the whole property (prior to subdivision) has been in our names to date

Thanks again Terry

Cheer

Already have the properties, just wanting to churn the numbers

Hi Jacqui,

The Bungalow and house are all the one structure, but have there own separate external access doors and cannot be accessed between each other by an internal door.

Could you elaborate on the last comment "if council is not aware that the bungalow is a dwelling in its own right, that could open up its own separate can of worms"….?

I just bought the property, the bungalow has its own separate gas meter and electricity meter. I'll just pay the water bill for both tenants as its one meter.

Cheers

Thanks for the advice,

Goes to show – speaking to the ATO over the ph – they're not always right, would want it in writing

Good news – The bank has come through with a deposit loan – so no mixing – woohoo

Yep – thanks for that, thinking we will just pay to get it fixed…

Thanks Terry

pardon my ignorance – when you say split the loan into 2 accounts?? is that like a variable portion and a fixed portion scenario – 1 account where a would claim Neg gearing and the other part of the loan where i would'nt – should i wish to redraw for personal exp…..

Would only redraw likely for other investment purposes.  The bank was looking at me signing a 'redraw deletion' then they can look at my equity with more confidence…. etc