WHY DOES PROPERTY EXPERT AND PROPERTY GURU MICHEAL YARDNEY THINK NOW IS A WONDERFUL TIME TO BUY REAL ESTATE? That is what he keeps saying in his emails to me.

You are a moron. Why buy on a flood plain?

Thanks Linar, My friend who works at the ATO said I would need two independent valuations and then pay CG tax on the amount the house went up by while i was claiming a tax deduction on the interest during the six year period.I thought he was wrong at the time.

see a lawyer and try to get out of the contract. will recommend one if you like.

I am talking about properties that are FURNISHED. Their are three in the entire town yet everyone wants to rent them. I paid $330 a night for one.  The house was worth $100k and the furniture 2k.

Do you have to pay capital gains tax on the price that the house has gone up by in the period that you claimed a tax deduction on the interest?

why the hell did you do that? Are you wanting to lose money?

Fill it in with dirt and grow some vegetables.

fix it. Many people fix their rates and then they like it and are happy whenever rates go up because it just gives them an excuse to hike up the rent tenants pay but they don't feel a thing.

So you can move out for six years and claim tax deductions on the interest. Move back in and not pay capital gains tax when you sell it?

By the way I spoke to a friend who is very senior at the tax office and my technique is apparently legitimate. Will find the answer within a few days myself and if I remember will post it if no body here knows the answer.

When we finally found a property that we wanted to rent the most obvious problem with it was that there were no fly screens.

I negotiated with the owner through the real estate agent and instead of paying $295 per week rent I pay $310 per week.

I did this so that the owner could pay for the fly screens and not be totally out of pocket. It was…[Read more]