Hi Ms Elvis,

If you shared a property with someone other than your spouse, you’d account for only your share of the capital gain. ie if you owned 40% and held it for more than 12 months, then using the same eg above, your taxable capital gain is 40k x 50% x 40%.

Regards
Jeanne []

Hi Glauco,

I got finance through a mortgage broker for my first place and then continued with the manager at the bank i ended up with. So far he’s been helpful.

All the best!
Jeanne []

Hiya Caz in Perth []

I got the 1% from the latest copy of the Australian Property Investors magazine. Not sure how the % is calculated though.

Cheers
Jeanne

Thanks bjajcr,

I hadn’t thought of doorknocking the neighbours. That’s a good idea. So far we’ve spoken to a builder who reckons that there shouldn’t be any problem and an upside may be that we don’t have neighbours on one side. Anyway will have to find out a bit more first…

Jeanne []

Hi Boothy,

I reckon go for two cheaper properties in Armadale. I recently read that vacancy rates over there are about 1%. I don’t know what it is up North though.
Personally i’d go for two because the collective rent is higher than one property of the price of two. Armadale should go up in capital growth but that’s only my opinion. I’ve recently…[Read more]

There were some rental vacancy figures in the recent issue of Australian Property Investor’s magazine. I don’t know if they always have them in every issue though.

Jeanne []

Hi Blake,

Yes Aussierouge is right. If your wife has already bought property in her name, then you aren’t eligible for the $7,000 grant. I’ve applied for the grant myself which is how i found out.

Jeanne

Hi Everyone,

For the benefit of people who read this in the future, i thought i’d feedback on the accountants i spoke with.

Firstly i couldn’t contact Enynon. His business doesn’t seem to be in the phone book so i tried the email in the original thread recommending him. (ie bigpond not bOgpond as in my first post ) No reply so far and its been a…[Read more]

Thanks Darryl.
How often do you do inspections? The saving in costs sounds great but i’m not sure if i can do a good job of managing the property and how much time that’ll take me. I work full-time and would prefer to leave the management of the property to someone else. Then again if they don’t do a good job…

Regards
Jeanne

Hi Everyone,

Those management fees in Victoria are nice and low. I’m in Perth and so far the fees are around 8% to 9% which seems high. Is there anyone out there in Perth who is getting a lower rate and who’s your agent?

Regards
Jeanne []

Thanks Brett, David & Dan!

I’ll check out all three. Appreciate your help!

Kind regards
Jeanne []