Forum Replies Created
Hello,
Fletcertax,
As I am lookinjg for a new job (Not very good timing)
What sort of work would fit in that catergory??
I assume ou have dealt with some people like that.
Nicole
I thinking I be able to claim interest and depreciation on the apartment if I continued to rent out,
Interest PA approx = 12000
Depreciation on a 2 year old apartment that is fully furnished. Apartment paid 450k and furniture 20k.
Plus other epxense such as body corporate which is 5k this year etc
So I am thinking if I move in I lose the ability to save many thousands of tax money.
I am thinking what is the point of living in my own property. When I could just buy some more IP and claim more depreciations and expenses and have a completely tax free income for almost life. I have set myself up to have tax free income for at least the next 3 years with the tax credits I have built up s far without anymore deductions.
What is the point of living in your own property where you can not claim maintenace and depreciation as depreciation on your tax returns.
In Norway for examples you can count your principal home interest paid on your mortgage as deductions.
They probably change it back in 1-2 years when interest rates start going up again when it suits them to borrow more money out.
I think it meant to happen and I was suppose to move back to Australia or I should slow things down.
Hi,
But in Netherlands they earn EURO??
I have written a complaint via websit
http://www.commbank.com.au/contact-us/compliments-complaints/default.aspxshould I write another complaint to he Obudsman???
I am actually because of all this 99% sure we are selling up in Norway to move back by the end of the year.
I agree, why are there still vacancies, why ??? If there is a housing shortage? You reckon if there was such a housing shortage there would be no vacant homes around.
Where are the shortages?? I bet there is a vacant property there as well.
What properties are we short on and where????
Please explain!!!!!!
API data show that the vacancy rate has increased on avarage in australia. Some suburbs have double. All suburbs show that they have vacant property. Is this just talk from the government to get the building industry up?????????
The way I see it, if you have IP that are Positive gearing they pay for your rent. Than your landlord pays for the maintence for the property.
Where if I had purchased a PPOR to live in myself, I would not be able to claim maintence of the property, interest, depreciation etc, I also lose an opportuntiy to purchase another postive gearing IP as I would have some equity tied up in my PPOR instead. It would also increase my commitment levels and reduce my income, reducing my borrowing powers. This is the main reason why I rent!!!
I also consider it a bad debt. As there is no income generating from the property and you maintain the property without able to claim anything back on your taxes.
The only advantage in buying PPOR is u do not have to pay Capital gains tax when you and if you sell. But I intend to never sell any of my IP. So there is no advantages for me in my situation.
The suburb I would look at purchasing a Unit In Brisbane would be Nundah approx 5km from the CBD, units median prices are 340k which is in your price wage and has great capital growth in the past 12 months at around 15%.
where did you hear or read that?
Interested in reading or listening to more of his beliefs
So base on that information, should i continue my pursuit in purchasing a 4×2 bedroom apartment, 1 bdr flat and a 5 bedroom which is all on one block of land with a Positive cashflow at the moment. Price tag at 1million.
the property is a multi unit complex on the market for 950k local council value it on the land rates at 1067k, how do u know if there is a genuie buyer out there making bid or if the agents are trying to increase the sale price?????????????
Massland charged over $4000 to attend one of their seminar, I have had bad experience dealing with theM. I was told some misleading information just so the salesperson could get a sale. Not happy!!!!!!!!!!!!!!1
Check out CBA privilege package payin only 6.04 100per cent off set, no monthly fee, 700 penalty if i pay off mortgage in the first 5 or 7 years not sure exactly, varaible rate
When dealing with the big 4 banks ask for a discount, works every time.
How much does it cost for an building inspection and a pest inspection
You need to find out what is included in the building base price s often it does not include floor coverings, driveways, landscape, clothline, window dressing, dishwaher, prepare the land site, garage roller door, light fittings and the list can go on and so can the exta money you need to add. This will cost more time and money to organise.
Where an established home you see what you are getting and all the above are included. Also you save time and money iawhile you build you need to make progress payments and incur interest wile building and the rent is coming in for up to 9 months while its being built.
PLus in building you only pay stam duty on the land cost, where established home you need to pay stamp duty on the full purchase price on the house and land.bek_leigh wrote:Hi AllI'm concidering putting a CF+ property on the market. $399,000 with a weekly rent of $760 in a town that's been listing on Hotspotting as one of the top 10 national boom towns. Do you think that's the type of return people are after? Any idea on where to advertise to target investors who want to positively gear?
Thanks
BekI have CF+ property looking to sell, if interested I can send you some details, if you send me your email to [email protected]
rejectedworm wrote:Is there Any CF+ properties availble in VicI have CF+ property looking to sell, if interested I can send you some details, if you send me your email to [email protected]
clones wrote:Linar wrote:I sell my positive cashflow property all the time. It all depends on whether I can make more money by holding onto the property or by using the money to buy something that is going to make me more money.
I bought a property 3 years ago for $540,000. It currently rents for about $1200 per week. I've got it on the market at the moment. Why? Because it is worth $1.2M now and I can use the money from the sale to pay off the loan and a line of credit and leave a cool few hundred thousand in the bank. So I miss out on the theoretical $100grand in capital growth each year (on the presumption that property doubles every 7 – 10 years) plus the $10 – 20,000 pa in income, but I can use the money in my account to develop properties that will bring me a 100% cash on cash return, making me well over $300g per year.
Does that make sense?
It is all mathematical to me. Where will I make the most money? By holding on to the property or by realising some capital gain and putting it into something else that will make me even more money.
Cheers
K
Hahahaha 1.2M, that must be a doggy RE agent doing his/hers rounds. You will be lucky to sell that for 600K.
I may be wrong and dreaming does not cost a cent so good luck.
Clones
Did you have to do any improvements on this property?
Are you going to sell now? As you have made such a property?
Hi mita-nz,
If I plan to sell I let you know. Have a few of these properties.
Make sense Linar – thinking the same – just scared I would regret it.
eldredni
I have found a CF+ property off the shelf, I have run out of Equity, with several properties under my belt. Especially now that lenders are making it harder to borrow. The property is around the $400k mark.
contact the banking Obudsman
I happy 479 i am above average. Have a big next 18 months planned.
