We already did this last year on Somersoft:http://www.somersoft.com/forums/forumdisplay.php?f=66Enjoy!

Thanks for replies so far. Just a note that the new loan is with CBA, not NAB, as I mistakenly typed in the first sentence.I might just put it all in, I don't think it's something I can hide.GSJ

Agree the format of this forum is awful. Interestingly I've compared the number of 'active users' on this forum on several evenings this week, with Somersoft and Invested. I'm seeing numbers averaging 70-90 on Somersoft, compared to 20-30 on Invested and 10-20 on PI.com!I find Somersoft far, far better. Invested is good for managed funds…[Read more]

Sorry not Coode Island, I mean the industrial areas and the ports.

GSJ

Comments may not be relevant to individual circumstances. If you intend making any investment, financial or taxation decision you should consult a professional adviser

My concern with the inner west, particularly Footscray, is its proximity to industrial properties. Also Coode Island. I rang the council and there does not appear to be any intention to relocate this facility?

GSJ

Comments may not be relevant to individual circumstances. If you intend making any investment, financial or taxation decision you…[Read more]

Just skimmed through this thread, but 8.8% + extra costs is a lot.

I pay 5.5% (inc. GST) and 2 weeks rent is the letting fee for new tenants. Advertising is free (internet sites X 4). Also $3.25 per month for rental statement. That’s basically it. Inspections/condition reports free.

GSJ

Comments may not be relevant to individual circumstances.…[Read more]

Just skimmed through this thread, but 8.8% + extra costs is a lot.

I pay 5.5% (inc. GST) and 2 weeks rent is the letting fee for new tenants. Advertising is free (internet sites X 4). Also $3.25 per month for rental statement. That’s basically it. Inspections/condition reports free.

GSJ

Comments may not be relevant to individual circumstances.…[Read more]

Items that can be packaged outside the threshold vary eg, meals, parking etc. The investment loan interest could be packaged if they allow it or it could just be done separately. I would probably do it separately to keep the end of year accounting simpler/less confusing.

Comments may not be relevant to individual circumstances. If you intend…[Read more]

Hold up ther howie, don’t salary package your interest on investment loan!!! The interest on investment loan is alreay tax deductible. The salary packaging is a bonus because of your employer! Use the salary packaging for other expenses eg, rent, credit card payments, home mortgage payments etc…but not for the interest on the investment loan,…[Read more]

I thought you were taking a break from the forums Mr. Dazzling.

Comments may not be relevant to individual circumstances. If you intend making any investment, financial or taxation decision you should consult a professional adviser

The point has been made a couple of times about people doing their own due diligence. I agree, that’s important.

But, still, any professional in any field must be accountable to somebody. In whatever way, eg. accreditation, licensing, a professional body, etc…

One of the aims of which is to maintain a certain standard of work in that field,…[Read more]

Hi Michael and others,

I think the PIAA organisation is a good thing.

The course is certainly a step in the right direction, in that, it attempts, in part, to provide some minimum standard of qualification for those in the industry – ie, of providing property investment advice.

But, it has its flaws.

I heard about this course some time ago…[Read more]