Hi there, you get a depreciation schedule done by a quantity surveyor (I use BMT) and give the schedule to your accountant who factors it in on your tax return

I would be a very busy unemployed millionaire….

I might ponder making it my business to spend my time seeing if I could get into the Olympics.  Maybe the swimming.  I wouldn't be into early morning training though.  Noooo.  My training would be not before 11am.

Done any camping in your time Terry? 

Hi there,

Because you are in the west and have made mention of mud, I'm going to assume you are dealing with clay soil.  If so, it really would be a good idea to get some gypsum (it's white powdery stuff you dig and rake into the soil… makes it easier to work with).  I'd then leave that to work its way in for a few days and then do the top soil and/or mushroom compost or something.

Generally I use All Green Nursery in Hoppers Crossing but honestly they are probably all quite similar.

I think you can get gypsum delivered from a nursery, but you can also buy it in bags at Bunnings.

Cheers!

Hiya, go to the main page for the relevant forum (eg https://www.propertyinvesting.com/forums/help-needed) and click on the orange "Post New Forum Topic" button at the top of the page.  Hope this helps!

Great stuff.  Keep us posted as to what's happening.  It's a good knowledge-sharing exercise.  I'm sure someone else will come up against such an issue in the future!

Welcome!  Ask lots of questions and read lots!

If the government did something as substantial as removing the ability to receive tax breaks for depreciation schedules, or negative gearing as a whole, private investors would be less interested in investing.  Then providing housing for all those people who rent would be a problem for the government to solve.  Don't see it happening.  Ignore it. 

Hi Sunny

I mean no disrespect at all in saying this, but you have very little knowledge about investing and this is very obvious.  The issue with this is it will be very obvious to a salesman and you will get ripped off big time.

Promise us you will spend lots of time reading these forums and some books before you do anything at all?  It would be terrible if your first investment burned you.

JacM

You don't have to subdivide if you plan to keep them all anyhow.

That said, check with council what they will allow on the block.  They might not allow what you are intending.