Hi Stars,If you are moving out of your current PPOR then do not pay extra off your mortgage. Plough the surplus funds into an offset account linked to your mortgage. Maybe even convert the loan to interest only.The reason I make these comments is that when you buy you rnew home you will need to borrow a signifciant percentage of the new loan or…[Read more]

lulu1 wrote:
I swear I must be the biggest procrastinator out there looking and looking reading and more reading all the wonderful stories of people moving forward . I always try to watch Your Money Your Call every week, I read the forums weekly , I buy the property magazines monthly and I still cant move forward with 2nd investment property I…[Read more]

Hi Peo,No probs – sorry I cannot make a recommend to give substance to my post.

Terry Rydet's summarised Hot Spotting report for 2012.

HI Belinda,Normally when you add someone's name to a title you are changing the ownership structure. In your case you (hubby) may incur stamp duty (I understand some states have allowances when a spouse is involved) Given the property is an IP it is possible you may incur some CGT on the part sale of your property.. Do the numbers as the cost of…[Read more]

In Victoria you will also need a section 32 – solicitors can/will draw these up for you.

adzlea wrote:
Thanks Jamie,Its financial advice I'm after on  how to properly structure my portfolio and what to do next. Then I will start looking for that particular property. There seems to be alot of hype around the Bown Basin mines as CF+ are easy to find with promises of still 20 -30yrs work.One of my properties is neutral the other…[Read more]

Off topic.Sometimes the power of the headline over rules the text.Your subject line asks for an accountant.

Most depreciation companies can/will do a phone assessment to help you determine whether or not it is worth getting a depreciation report down. Some also offer a fee refund if they cannot depreciate more than their fee.As an aside being an older property doesn't by default mean there is no depreciation left.Look for more recent renovations, new…[Read more]

Hi JK,Whoa – slow down……………….As a property investor it is just about guaranteed you will encounter a 'not perfect tenant' along the line at some stage. The key is how you manage your property manager during these times. At the moment you have 'found a property' that suits your investment needs. Go back to the reasons you selected the…[Read more]

[/quote] Fantastic article mate cheers for sharing. [/quote]No worries – enjoy the read. It is apparent many of us have heard of the mining activity happening but how many people really appreciate the values involved.

Terry is far better at this stuff than I but transferance of PPOR into trust should not, under normal conditions, incur CGT. The exceptions being those I highlighted above. Howver the PPOR, once owned by your trust, will be liable for CGT at the sale of the property sometime in the future.

Self managing?

Hi Ceekay,65 hmmmmm – too old?Average life expectancy in Australia is around 84 years (give or take a little). If you have an 'average' life expectancy then you can look forward to hanging around for another 19 years or so. What quality of life do you want during this time which equates to approximately one quarter of your total life span. At your…[Read more]

RP Dats's latest Blog on mining activityhttp://blog.rpdata.com/2012/01/will-the-resources-sector-continue-to-boom/?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+RPDataResearchBlog+%28RP+Data+Research+Blog%29

Normally CGT willl be payable for the time the property was an IP.If you did not buy another PPOR while your original PPOR was rented out you may be eligible for some exemption under the 6 yr rule.

Only for investment properties.If the PPOR has been an investment property in the past there may be some CGT payable. EDIT.If land area is greater than 5 acres – CGT may be payable on the PPOR

Point of accuracy.It was Rory Robertson (Mac Bank)  who had the bet with Steve Keen. http://www.news.com.au/business/economist-steve-keen-loses-housing-bet-against-rory-robertson/story-e6frfmbi-1225793985120

Costs of getting in and out of property can be expensive. Need to consider agents selling fee + stamp duty on each transaction.

Stamp duty on the sub-divided blocks will, in all likelihood, become an issue too.