Thanks – Gumtree seems to be the go!

how did you charge for the metal, or were you just happy to have someonne take it away for free?

Hi Pimobpi,

Thanks for your post. Certainly makes sense. I guess my subdivision would need to be structured in such a way for that to happen, but sounds like it might be possible. If anyone else on here has any insight, would be much appreciated.

Cheers.

Thanks Wilko. A nice post with a helpful example! Your numbers weren't actually that far off!

Exactly – that's why I'm a bit confused about the whole thing! I think he's too focussed on the Tax Savings element to see the bigger picture.

Hi Mike,Thanks so much for your report. Very useful and appreciate your service! Cheers,Andrew

I've only just started looking. Probably older units/apartments for my price bracket. In the area I'm looking, a place ~$275K seems to fetch about $230-$250pw, so might have to look around a bit more to get a 5% yield! How about down your way?

Victoria. Plent of stamp duty here!

That's not a bad rule of thumb. Still acheiveable at the moment?

Thanks for that. .When you say price, is that the price of the house by itself, or inclusive of all costs and legals?

Hi Terry,Was just wondering, for the sake of calculating +CF, where does tax on rental income come into it? For instance, in the OP's situation, should his CF be based on the rent he receives minus costs, or the rent received minus tax minus costs? Or is the theory simply that the amount of deductions should outweigh any tax owing on the rent?Cheers.

HI Richard,Have done some further reading on your point and see the issue.When set up, I didn't really have a long term investing plan, so it was really only set up with the PPOR in mind. Tax deductibility obviously isn't an issue if the PPOR is the only property involved.I can see where the issues will be if an IP becomes invovled – although from…[Read more]

Hi Richard,OK, that's not good news! What I have is the ANZ Equity Manager – I was advised it worked the same as an offset.At present, all I have used it for is to purchase my current PPOR.What would you advise I should do moving forward? Happy to refinance (and cop any fees) if it allows me to have the correct structure from a tax point of view…[Read more]

Thanks Richard,Actually, the loan we currently have is a LOC, basically an equity redraw loan. Currently it's capped at $208K, but I guess we'd look to get that extended out a bit once the property is revalued. At the moment we just pay in our $5600 every month, but can redraw as needed – effectively an offset account.So, from what you're saying,…[Read more]