Many thanks Terry, Is it easy to get tenants in these areas & about how much per week for a 200k IP?

Huey

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Hi Ken,

E-commerce is not a very time consuming course. You still have time to do more house renovations while studying. You are still young you can choose which way to go later.

I think if you’ve left school or worked fulltime for at least 2 years you can get Govt Study assistance to go back to study. You can check this with CentreLink.

I’m a…[Read more]

Thanks AD,

Say, using equity from my house I borrow 310K from Bank to buy a 300K IP + stamp duty. Repayment : $1800/month

I sell the IP to them for 310K, repayment = bank payment, currently at $1800/month .

For tax purposes I have to pay tax for the difference between their payment & bank interest $1800 – Interest) * 12, building insurance &…[Read more]

It depends on personal circumstances. It would work well for me if I knew this option few years ago. I could make an IO advanced payment for my IP to reduce my taxable income for my last year at work. I could claim 48.5% on tax for the IO advanced payment & at the same time reduced my superanuation surcharge.

Huey