Still sounds strange to me. I have always been told the title holder gets all deductions. A partner on the loan is considered to have gifted the money in regards to tax. If this turned out to be wrong there would be many people I would like to have some harsh words with

Housegoodies. If you want the neg geared benefites. Purchase the house in your name only. But remember when you sell. The profits will be added to your wage only. Also if it turned positive it will also be added to your yearly income. Consider the long term as well as the short term. But most importantly . Take everything you read here with a…[Read more]

Housegoodies. If you want the neg geared benefites. Purchase the house in your name only. But remember when you sell. The profits will be added to your wage only. Also if it turned positive it will also be added to your yearly income. Consider the long term as well as the short term. But most importantly . Take everything you read here with a…[Read more]

Housegoodies. If you want the neg geared benefites. Purchase the house in your name only. But remember when you sell. The profits will be added to your wage only. Also if it turned positive it will also be added to your yearly income. Consider the long term as well as the short term. But most importantly . Take everything you read here with a…[Read more]

housegoodies wrote:
Hi Guys, I have a silly question. When the loan is in my name only but the house is in joint names, does that mean I have all the negative gearing benefit? My wife doesnt work due to a problem with her back. I just got a new job paying $36000 a year on top of my income of $45000. If I put the investment loan in my name only…[Read more]

housegoodies wrote:
<font size=”3″>Hi Guys, I have a silly question. When the loan is in my name only but the house is in joint names, does that mean I have all the negative gearing benefit? My wife doesnt work due to a problem with her back. I just got a new job paying $36000 a year on top of my income of $45000. If I put the investment loan in…[Read more]

housegoodies wrote:
Hi Guys, I have a silly question. When the loan is in my name only but the house is in joint names, does that mean I have all the negative gearing benefit? My wife doesnt work due to a problem with her back. I just got a new job paying $36000 a year on top of my income of $45000. If I put the investment loan in my name only…[Read more]

Most accountants I speak to are only concerned about the property owner. Not names on the loan. My understanding is the ato look at it this way also.

Other way around. Its who owns the property not who is on the loan. If you want all the neg geareing put the house in your name. The loan can be in yours or both names. It does not matter. Just remember if you sell. The capital gain will be worked out on your wage. not the wifes.

I have a fewBought first IP because i would like to live there.Listened to bank manager when he said crossing was cool.Didnt jump on my PM hard when my property condition started to slide.Didnt jump on my pm when rent started to slip.Told my IP neigbours of my intentions to sub divide.Underestimated how slow and useless the council could be.

Still too young to have a full cycle under my belt. I was about 15 during the early 90,s. What i do remember from that time was entering the workforce as an apprentice carpenter. Lost my job due to work drying up. Even my boss had to sell his house. I remember my dad complaining about high rates although it never really sunk in to me what it…[Read more]

Still too young to have a full cycle under my belt. I was about 15 during the early 90,s. What i do remember from that time was entering the workforce as an apprentice carpenter. Lost my job due to work drying up. Even my boss had to sell his house. I remember my dad complaining about high rates although it never really sunk in to me what it…[Read more]

Still too young to have a full cycle under my belt. I was about 15 during the early 90,s. What i do remember from that time was entering the workforce as an apprentice carpenter. Lost my job due to work drying up. Even my boss had to sell his house. I remember my dad complaining about high rates although it never really sunk in to me what it…[Read more]

For what it’s worth guys I too believe values are heading down. I expect flat growth for atleast 5 years. But to me this is not a reason to sell. Each individuals cashflow, risk and future plans are what they must base there choices on.

Although my ip portfolio is far from perfect. My lvr is close to 60% on current valuations and I’m only neg by…[Read more]

People with a grip on how the real world operates knew the government would get involved in the event of a decline. They even said they would do it again if required. Why would anyone think they would not do the same this time. Sounds like some players are falling for the same trap. I predict posts in a couple of years saying how property would…[Read more]

I told the neigbours and they fought dirty when the DA went in. Be carefull what you tell them. But if they do get nasty but the DA goes ahead anyway. Make sure you sit out the front of the property with a beer in hand when the building commences. The look on their faces is yours to enjoy .

My properties are in an area that has seen growth but it has been flat for the last few years. I have enough cash in a LOC to buy one more property. I could have bought in another state that was still growing but didnt feel comfortable enough to do that yet.Buying a standard local property would mean no more until growth starts again.Instead i…[Read more]

DWolfe wrote:
Hehehe, Get into him Devo.Have to say, the only reason to sell is if you can make more money somewhere else. So at this point in time do you think there is more money to be made in the stock market? Analysts are talking about a bear market for a long term trend. There are these delightful adds on tv tracking both property and…[Read more]

Not Fooled by Property Spruikers Hype wrote:
Devo76 are you serious when faced with what you believe to be a stagnent property market for the next 5  years all you can do is sit in the market like a rabbit in the headlights waiting for the market to turn around. No wonder our property prices are as crazy as they are……FYI property is at a…[Read more]

I am happy for the value of my properties to track sideways for 5 or so years because i am confident that at the end of that period we will see another boom eventually. As for trying another asset class. Sure more money may be made elswhere but i feel comfortable doing what im doing now. Maybe after the next leg up i will try stock etc.And as for…[Read more]