Thanks Terry & Ethan.

If I was more interested in moving ahead with the property, I would have. But as I said it is very common for the seller to provide one at an auction, so I was a bit dubious. I just thought I would check my rights (of which I apparently have none :P)

King

Have you tried working through this website http://southeastwater.com.au/Building/Pages/WorkNearAssetsEasements.aspx? They talk about what you can and can’t do in regards to building over pipes and easements. With property, I would always want to err on the side of caution so maybe lodge an application (if applicable) and see what their response…[Read more]

Have you tried working through this website http://southeastwater.com.au/Building/Pages/WorkNearAssetsEasements.aspx? They talk about what you can and can’t do in regards to building over pipes and easements. With property, I would always want to err on the side of caution so maybe lodge an application (if applicable) and see what their response…[Read more]

Have you tried working through this website http://southeastwater.com.au/Building/Pages/WorkNearAssetsEasements.aspx? They talk about what you can and can’t do in regardgs to building over pipes and easements. With property, I would always want to err on the side of caution so maybe lodge an application (if applicable) and see what their…[Read more]

Investwell, I would be interested in knowing how you came about purchasing four investment properties in Kingaroy?

Sounds great for Kingaroy! But it wouldn’t make me invest in property there. Creating 100 jobs is great but that is only 0.8% of the population in Kingaroy and not all of those construction workers will be sourced locally (due to specialised skill associated with solar technology). The solar farm does not bring long-term increases in wage or a…[Read more]

Hi Terry

Just wanted to confirm. The example in your link, would they be exempt from CGT when he sold the property, or would 4/6 of the capital gains be subject to CGT?

Thanks

If you want to stay in front of the curve and have access to all of the new features, then I would go the X. If you don’t care too much for technology and you just want a smartphone for the basics (making calls, texts, facebook, etc.) then go for the 8 (or even the 7).

If you are a keen or avid gamer, like to watch movies, care about incredible…[Read more]

I asked an in-house broker at ANZ about this and they didn’t really have an answer. They basically told me that that ANZ would never follow up with me to check what my intentions are with the property after settlement.

Terry, do you mind sharing a brief explanation of these tax strategies? I would be interested in understanding how these strategies work with the current government restrictions on IP’s vs. PPoR’s.

Thanks

Thanks Corey – great read!

I will take a step back with my loan considerations and look at the bigger picture. I still plan to take my business through an investment savvy broker, but it’s definitely good to have this understanding.

Thanks Corey, very interesting.

It will be a PPoR at the time of purchase, but it is ultimately an investment and I will be looking to add value and/or refinance in the future to fund my second property (which will ultimately be another investment).

I understand the concepts of offsets/redraws, P&I, split loans, etc. – what other features or…[Read more]

Hi Yllenk

That’s true, but why would you need to sell to other property investors? I don’t know the statistics but I would expect the number of people buying a property that have no intention of further investment would far outweigh the property investors of the world.

Corey, you recommend purchasing a PPoR first and paying down the principle and using that equity to purchase other properties and expand your Portfolio. However, I read elsewhere that people recommend to save was much cash (or use offsets) as possible as cash is far more flexible and ‘worth more’ than trying to draw down on your PPoR loan for…[Read more]

True, because I can claim it as my PPoR and live in it for at least 6-12 months I can reduce my CGT as well as be exempt from stamp duty.

Thanks Benny, much appreciated.

I agree, I have been going back and forth on these points for a while so I thought a discussion on here to supplement my thoughts would help me (and others) out.

From what I understand, I am able to use the FHOG in the future even if I have an IP (only if I can prove I have never lived in the IP). So that option…[Read more]