Forum Replies Created
Hi Dazzling,
So what you mean is that the losses accumulated over the years can be tax deducted once I return back to Australia? Does this have a restricted time frame? Also is this loss claimed back as one lump sum?
Thanks,
Jason
Hi Nehal,
I admire your courage in seeking to purchase a property at such a young age. Talking from experience, getting into a mortgage requires dedication in meeting repayments and sometimes requires sacrifices. Think this over first, maybe you would like to see the world and save some money like travelling or something. If you are serious in purchasing a property however, I am assuming you do not have much capital to afford a property as yet. In this case i suggest you to invest in either a managed fund or cash management trust and contribute your extra savings there. Over time with the help of compounding you would probabaly have enough money for a deposit to purchase a property. There are alot of products out there depending on the amount of risk your willing to take.
Hi All,
Ive used the research report from Matusik and its sounds quite promissing. However I have a dilema as Sailesh was saying, as this is a new suburb there is alot of development at the moment and areas around it as well, which is hard for capital appreciating as there is so much supply. The property i have mentioned provides a one year rental guarrantee at a 4% yield. The property is 132 sqm, land is 404sqm, 1 bathroom, 3 bedrooms, single garage and one level. Also kitchen is supplied with smeg applicances. Im hoping that there will be capital growth so that i can use this equity for a deposit on my next purchase within the next year or so. Any suggestions?..confused [blink]
Thanks for your referals people. I would defintely look into each one in detail.
BA: I think Derek is referring about negative geared property. Basicaly we are able to claim a tax deduction when the mortgage interest payments are greater than the income earned from the property. On the other hand, with +CF property this is not applicable. Really depends on which strategy you decide to use to create wealth.
JD
Thanks for your reply. The place i was referring to, is situated south approximately 5-7min drive from Coomera train station. In your opinion is $316,000 for a brand new 3 bedroom house at a reasonable price?
