Also lenders will not readily lend to you for a retirement property.
 This is due to the fact that if you can't repay the loan the lender is restricted as to who they can on sell your property to.

Also you have to factor in State gov Stamp Duty on the future purchases of replacement properties and selling real estate commissions if you use a real estate agent to sell properties. Also if you have done any improvements to the properties are you claiming depreciation on the improvements. If the properties are relatively new you may be able to claim building depreciation but it will increase CGT due to reducing the cost base of the property.

Another option may be to sell only one of your properties and pay the capital gains tax hit and with what ever is left over
pay off this property's loan and pay a small part of the other property's loan balance down.
With the freed up loan repayments you could pay more off the remaining loan to bring the other property into a cash flow positive or neutral position (this is the option I took when my wage decreased due to no employment)

or you could
use the repayment now freed up to invest in another cash flow positive property.

Consider also how you will pay the interest rate if it reaches over 9% p/a if you decide to hold the properties for 3-4 years and if you do decide to do this option you may need to look into with your bank the option of fixing your interest rates and thus knowing what your interest costs will be over the next 3-4 years.

The rental income would be more than your expenses thus making the rental income taxable income. Also for the period you rent out the property you would lose the PPOR (Primary Place of Residence) tax exemption for Capital Gains Tax (if you live somewhere else as you can only claim PPOR at one house at a time). This means any capital gain made during the rental period is taxable and this causes headaches with working out what market value the house was at the start of the renting period.

I'm time poor and used a company called mega seal to do the leaking shower for me.

Look in the back of Australian Property Investor magazine as it has a suburb profile of each state with the suburbs medium price growth rates. Also compare each month to see if suburb's growth rate is growing.

depending on which state of australia the house is in. In Vic Water rates are split into a service charge and an excess water use charge. in vic tenant pays excess  water  charge .  Also  borrowing  costs  spread  over  5  years  can  be  claimed  but  you  have  to check  with  the ATO website on what is a borrowing cost. New buildings can have depreciation on the building but you increase any future capital gains tax through reducing the cost base.
commercial buildings are different so the gst needs to be considered and also thr tenant pays out goings.
in residential you do not charge gst on rent but the landlord pays gst on every thing they buy except the 2nd hand houses they purchase instead then they pay stamp duty.

Your question doesn't make sense. Monitor or did you mean subscribe as huntley is a subscribe site. I am using http://www.wise-owl.com.au which is a subscribing site and http://www.rivkin.com.au.
The most important success factor in the share market is that you have to sell loss making shares rather than fall in love with a share and cut your losses.
Mistakes are made but dealing with the mistake fast and minimising your loss made is important.

A very useful program is located at http://www.sharewatch.com.au/ for viewing australian share prices

As Mr Trump would say to your Property Manager
You're Fired !

I had a pathetic property manager and what I did was I rang another Real Estate Property Manager and asked them to pick up the key from the other useless Real Estate Property Manager.

They never returned my calls and let the lease run out without renewal.
Then the useless one later rang me and asked why I had not phoned them about the problem and why had I changed agents.
Talk about being really thick – they do not return phone calls why would I ring them !!

r1trackday wrote:

I'm with masterREL
"If it’s so easy and they make so much money why not become one?"

Its so easy to complain. the price is the price…

If your angry about how much tradies can change and inturn, how much money they are making….. try the other option and get your self a trade and earn all this money yourself.. The problem is, no one wants to get there hands dirty in this day and age.. its much easier to sit behind a computer all day.

Travel, quote, travel

---

travel, unpack, complete task, pack up, travel…… in addition the material price. The job might take 5 mins and $20 worth of material but theres so much more involved… oh, and the customers attitude.. hehehe

I almost enrolled at TAFE for a pre-apprenticeship course in carpentry at the start of 2007 but was employed for 2 months with no wage into a Mortgage Broker development program.
I will re-enroll in about 2 years time when my two daughters are of school age and then try to gain an apprenticeship.
 I am a skilled trades person already in electronics however no one fixes electronic equipment any more they throw it away and buy a new one or send it to India to get the work done.
I have a Technical School education and will be considering doing an Apprenticeship in Carpentry or as an Electrician
but I will also be waiting to see if the new federal government will keep the mature apprenticeship scheme going.

I am currently getting my hands dirty by working part time in a newsagents. This is a hard physical job as I usually start work at 4.00 AM for 3 days a week and at 5.30 AM for the other 4 days a week, but finish work at 7.30 AM.

Ask yourself if the holiday home is an emotional purchase rather than an investment property. And if you owe money on it and it is not a rental income type investment you are paying non deductible interest on it. This would be draining your cash flow  and be non claimable.  If you pay down some of the loans to make the properties cash flow positive you will be able to concentrate on paying the other loans off more to get them into a positive cash flow situation.

I would recommend if you are thinking of redevelopment of attending Troy and Becs property investor meetings that occur once a month. They post a notice in this forum when the next one will be on.