As far as I’m aware, you will incur Stamp Duty whenever you change ownership of a property.

Cheers

Hi,

I don’t personally use them, but I’ve heard (read) plenty of good things (on this forum)about Gatherum-Goss & Assoc.

http://www.gatherumgoss.com/

Also, there are plenty of people here with a lot of investing experinece. What are your questions? Someone may know the answer.

I’m no tax guru, but I found this on the ATO site…

http://www.ato.gov.au/content/individuals/downloads/NAT1729-03.pdf

Has the property been rented since you bought it? If not, and the repairs are to bring the property up to an acceptable standard to generate income, then it appears there is no deduction. Instead it could be a capital cost…[Read more]

Thanks David, that’s my thoughts too.
Sorry i should have said…there are 12 in the block.

Hi,

I found another post that should answer you questions…

https://www.propertyinvesting.com/forum/topic.asp?TOPIC_ID=585

Cheers

Hi,

I found some info as below….

Eligibility
“You must occupy the home for which the grant is claimed as your principal place of residence within one year after the eligible transaction for the home is completed”

The following Qld government site has some good info (not sure if it only applies to QLD…[Read more]

Hi,

I’ve downloaded the ez-rent program. It’s a very nice application, simple to use with good instructions.

Cheers.

Because it would be new it has not depreciated. So can’t claim anything until next year. As I understand it, even if you had bought the A/C on 29 Jun, you would only be able to claim 1 day worth of depreciation.

Someone please correct me if I’m wrong.

Cheers.

Hi,

New A/c unit? It’s my understanding that you claim the depreciation on the previous year. So, buy the A/C now and this time next year claim depreciation.

What’s the 15-15 Thing[?]

Cheers.

Hi Maximus,

I can offer a comment from my limited experience.

I assume you still have a mortgage over the IP? If so then the loan would cease to be an Investment loan and revert to the standard mortgage…ie interest rate change (maybe), no tax deductions, etc, etc.

If not, then all for the better.

If I’m telling you to suck eggs then I’m a…[Read more]

No seminar in Darwin. []

How typical! [!]

Hi Smirkyy,

I’m far from the expert, but $150k = 2 * $75k deposits. Would make a great deposit on a PPOR AND and IP.

Cheers

Hi

New Investor
Yes, search under Hunter Valley. Or you could try the suburbs….lower Hunter area: Maitland, Cessnock, Kurri Kurri are the major centers (outside Newcastle)….upper Hunter area: Singleton or Muswellbrook (coal mines and power stations are primary industry). Make sure you tick the ‘include surrounding suburbs’ so you can see them…[Read more]

Hunter Valley = God’s Country!! []

Oh how I miss it! []

Hi Becky,

That’s fantastic. Great work.

Hi amni23,

There is some info on Wraps on this site, try here….

https://www.propertyinvesting.com/strategies/wraps

Or check out the forum ….

https://www.propertyinvesting.com/forum/forum.asp?FORUM_ID=13

Hope this helps.

Cheers

Gas deal was signed off yesterday.

Hi All.

For anyone interested in the Darwin market, the proposed LNG Plant was officially signed off today. Construction of the plant is expected to commence immediately.

Story from the NT News….
http://ntnews.news.com.au/common/story_page/0,7034,6598910%255E13569,00.html

Cheers.

Hi All. Good topic.

Insurance….what do I need?

I have building insurance, which is covered through the body corp. But what about Landlords insurance? What is it all about?

Thanks

Oops! The first one is Darwin the other Brisbane.

As for my master plan? Ah, well….

I’m 32, earning a reasonable wage, married with 3 kids. I have had my first IP for just over 12 months now and built up about $30k in equity.

I would like to build up a reasonably sized property portfolio to use as a retirement nest egg and maybe retire…[Read more]