The property is a shared house (not single bed flats) near a university so good tenant's are easy to come by and the conversion will only cost $200 as I  can do the labour for free. I want to stay in Perth as then I can do any property management  and maintenance to keep holding costs down (you don't get 3×1 for the price you- suggest in this area…[Read more]

fire walls and noise  rated walls cost money ask your council and get it in writing cause you dont get any recourse on phone conversations  see your accountant you may be up for gst on the sale plus capital gains tax opps guess what you have just made a loss  o and did you factor in a declining market funny how they dont mention the basic stuff at…[Read more]

Hi Micheal .The depreciation for  07/08 was $5100 the suberb is PearsallRegards Etty

sorry put the last  post in the wrong placeextra confused bush investor

How does the tax office diferentiate between a passive or active investor and what are the tax implications>if you hold an investment property for over a year and then sell it  that is considered a passive investment yes??but if you sell your property or several properties before a year of ownership do you become a active investor and what are…[Read more]

excellent

Perth has a two tiered market the top end of town above 800k is doing wellthe 300 to 500k is nutral either slight growth 2% or slight decline 2% depending on suburbThere is a possibility of another interest rate rise in the coming months which will probably depress the market slightly if it happensthe long term prospects for perth are very sound w…[Read more]

in my experience of this type of purchase the builder inflates the price to cover the high rent they pay so at the end of the day you dont make anything unless your in a rising  market or you buy a liability in a declining market check out the price of similar established houses in the area and compare beware of your emotions wanting the p…[Read more]

Townsville (mundingburra) and Redbank Plains (45 min south of Brisbane)

Thanks for your comments,I should have said that I have already used the equity in the perth properties and brought another  investment property in queensland which is doing really well much better than the perth properties This  makes me think I should sell one or both of the perth properties and reinvest in queensland where there will prob…[Read more]