Short answer is no. Business related travel is generally deductible but not private travel. Although you are moving to improve your employment, this relocation is not a requirement of you current position nor an expense in deriving your existing income – i.e. you're basically moving to take up a better offer of employment. As a result the move is…[Read more]

Thanks for the post Chris.A good starting point for people like me with no experience or exposure to commercial property but who maintain an interest and intention to make the move to commercial investment in the future.

What about the property trust structures espoused by Ed Chan? I only have an basic understanding of what he promotes but it's where you loan the purchase price to the trust & the trust buys the property. As the $ you have loaned are for investment purposes the interest component is deductible. Other expenses (i.e. rates, maintenance, etc.) remain…[Read more]

Get it.For the price of landlords insurance premiums it's well worth it. If you tenant skips even 1 week's rent you'll likely recover your annual premium in that single claim.And that's not even considering that the premium is deductible.

blaze wrote:
Since I use 50% property as my home and the other 50% as an investment, can I claim a deduction of 16K/2 = 8K.

Although this sounds like the logical approach, my understanding is you can only claim the part of the property that is rented exclusively for the use of your tenant (i.e. their bedroom). As you yourself use the bathroom,…[Read more]

Thanks guys, appreciate the guidance.

Hi guys,I'm also interested in any recommendations – either lawyer or conveyancey.Additionally, can anyone give an indication of the approximate fees of either a conveyancer or lawyer in Sydney?DJ

I might just add a quick thought….Can you capitalise the interest on the LOC and place any cash flow into an offset account rather than paying the interest on the LOC itself?For example:Mortgage: $100KLOC: $40K debt, $20K availableUse $20K to make repayments on mortgageCapitalise the interest from the LOCHave any salary/rental income/etc. paid…[Read more]

Thanks heaps Scott.I'm also looking for a property manager in the Campbelltown region if anyone can recommend on also.Cheers,DJ