My now wife was very hesitant to purchase IPs, but for me it was all a case of figures (you say that didn't work, perhaps you need to "show" him, a lot of males are visual learners)….

Anyway, here is what I suggest….forget your partner…do it by yourself, tell him it does not involve him and that this will not impact on his life at all…after a while, show him the capital gain against the money its cost you…if he still doesn't see it…let him be, you continue investing and leave him out of it…its not such a bad thing….if he disapproves, say the following line exactly (assuming you both work)….

"Hubby, here is how it is…in a  few years time, with investing, I will be sitting on a beach checking the hot studs walking around in their DTs,  making my share of our income by doing NOTHING, while you go to work slaving for someone else….."

Ensure you say that line exactly!!!!!!!!!!  DO not digress even a little, keep to this plan and you'll have him looking religiously at re.com.au faster than…well, you get the idea.

If you pay cash, obviously you can't claim as deductions…its dodgy, heaps of people do it, and it can be cheaper.
I say, play smart, get in a valuer, claim depreciation over x years and do it properly, UNLESS, the cash quote is way way cheaper..then go for dodgy, but play with the risk of getting caught and being very very naughty…

Come to think of it, you will probably need council approval for the carport, so I'd say claim as deductions…good luck!!!

You're wrong…sorry.

I've "heard" the Valley (Fortitude Valley that is) is undergoing an urban renewal development thingamajig…could be a goer…

Wow…. bloody councils…stories like these have stopped me from even considering subdivisions…

Gooooooo West…life is peaceful there, goooooo west, out in the open air, goooooooooo west, something something something, gooo west, that is what we'll do!!!!!!!!

Do not be afraid young Jedi, for the west is a gold mine….my PPOR value jumped up 100% in 2 years…beat that city sardines!!!!

Congrats!!!!!!!!!!!

That's a huge HECS debt!!!!!!!!!!!!  Good luck with that….I have found that with low doc loans, they do need to see figures, but I guess what they look at is your take home figure (ie. what is at the bottom of the payslip)…

IO

A tricky situation…I would personally steer towards selling my most expensive IP… as my personal believe is that higher value IP will show weaker growth..unless its in a "boom" suburb. With this in mind, I would sell IP1, use the gain to pay of IP2 (and hence turn it into CF+) and the left over on IP3 to offset that mortgage as best as you can. With this strategy, you still retain 2 IPs, one with CF+ and reducing your negative gearing on IP3. So in essence, you would be in a much better position, just by selling that one property, but still retaining 2 IPs and a PPOR, not a bad position to be in. Of course there are other factors to consider, but overall, I think this is the best way to go…my 2 cents…

Good luck you lucky bugger…having that much residential asset, well done!