I agree with Terry as the full offset account will have the same effect as paying off the loan but with future flexibility if needed.(Do not get a partial offset account ! make sure its a full offset account)

In Victoria you would contact consumer affairs.http://www.consumer.vic.gov.au/ca256eb5000644ce/page/renting?opendocument&1=910-renting~&2=~&3=~They are more than happy to help Landlords know their responsibilities and rights.May be a similar department in your State.check your landlord insurance to see if lost rent is covered in this situation…

Are you thinking of negative gearing through a trust as this requires a hybrid trust and accounting advice on the tax implications.These can be also know as PIT.https://www.propertyinvesting.com/forums/getting-technical/legal-accounting/4328668Unit Trusts can be difficult to keep control as a person can sell their units to someone else you may not…[Read more]

have you looked athttp://www.abs.gov.au/AUSSTATS/abs@.nsf/web+pages/statistics?opendocument#from-banner=GB

This is going to have a flow on effect.Employers are going to find it hard to find lower paid employees in city locations . This was happening in Sydney and also in Silicon Valley in the USA.Especially when you see offers for renting a house in a country town in outback Australia NSW for a dollar a week for 3 years.

Mine is a housing commission house.  Prefab concrete and steel. Had termite attack but there is no timber in the structural part of house so damage minimal. Value is pretty close to other houses in area I purchased it in in 1995. Long term growth has been 9% p/a averaged over 15 years.Make sure gas hot water is not in the bathroom but outside as…[Read more]

Australian Property investing Magazine in December had an article of an oz investor having the house trashed three times and having the value of the property drop while she owned it.Also be careful of existing tax debts on US properties.

What you have to think about is risk. Are you able to hold on to this property in 12 months time if you cannot sell it for a profit.Are you able to build on it and sell a house and land later f you cannot sell it for a profit .This is sometimes referred as PLAN BCapital Gains Tax needs to be considered. Keep records of your costs incurred as your…[Read more]

What is your marginal tax rate?If you have say a 30% tax rate negative gearing will cost you.If say you spend $100 you get back $30 so if you do not achieve capital gain you are $70 out of pocket on every $100 you spend.If you were positively geared and earned $100 you pay $30 and have $70 in your pocket on every $100 you earn. That $70 could help…[Read more]

You could move into the house you owe very little on and use the equity via a line of credit loan for the deposit on another investment property that you could negatively gear.If you move into the almost owned house you get capital gains exemption from the time you move in.time lived in it

time rented

time moved back in

sale pointCapital gains…[Read more]

https://www.propertyinvesting.com/forums/property-investing/general-property/4334648?highlight=line%2Cof%2Ccredit#comment-224612

Also if joint ownership splits the gain 50% to each owner .

This is my take on itA house loan in 1990 of  $120,000 cost the owner when interest rates increased by 8% a $182 a week increase.In 2010 a house loan where I live is $800,000 or morewhen interest rates increase by  3% this causes a $461 a week increase.in 1992 the recession we had to have Labor Party had interest rates at 18% p/a A 3 % rate i…[Read more]

It does not need to be stated in the rental agreement. The tax law is that the rental manager is charging you for a service and as a result the rental manager by Tax law must collect the Goods and Services Tax of 10% of the service charged on behalf of the Tax Office. It would be nice if they had reminded you of the GST additional cost but they…[Read more]

use http://www.realestate.com.auDo a search with the land size option increased on minimum land size to what ever 5 acres is.

Welcome to the forum Charles,This link will give you books you can purchasehttp://www.businessmall.com.au/property-investing/property-development.htmlIf you want to do a course in it.www.rookiedeveloper.com.au

Maybe you could look at private lenders.Not a recommendation but look at the link below to see what a private lender looks likehttp://www.fussfreefinance.com.au/Also you may be able to get a vendor financed loan via a wrap or rent to buy schemeNot a recommendation but look at the link below to see what a vendor finance lender looks…[Read more]

You stated your income was too low so would you consider that you may have a cash flow problem also.Oldish Unit in Surfers Paradise with beach views-No growth since purchase 3 yrs ago so no CGT. At least I could get my 60K (original 20% deposit) back out. This property costs me 11K per year out of pocket. what would you do with an extra 60k cash…[Read more]

mucyx2007 wrote:
Thanks Again. One more question, if I do lease the old house it will be CGT free for 6 years as it has been my main res for past years? also if I decide to keep selling it till sold, it is again CGT free as it has been my main res? Thanks all, I will follow the law Cheers

You can apply for the old house to be regarded by the…[Read more]

mucyx2007 wrote:
I am at ACTNew House 670k, Mortgage 535kOld House market value, 500k, mortgage 230k ( was 90k, but had takend money out for the deopsit of the new one) Had been lived for almost 6 yearsFriend suggested to rent the old one since can't get it sale due to current market, treated as rental property, would there be any CGT on…[Read more]