RichardI'm in the middle of breaking up with my girlfriend. We own a couple of investment properties together and I need to find out if I can borrow enough to get the properties into name and buy my self a new place. But call me old fashioned I do not really want to discuss this issue here in public, I'd prefer to sit face to face.Juergen

This thread is already a bit dated and I'm wondering if the above recommendations are still valid or if anyone can recommend a good mortgage broker in Perth. My current one is a bit of a disappointment  in regards to knowledge. cheersJuergen

My tenant called me today to let me know that they have two(2) wasp nests under there balcony. We have stated in our lease agreement that "…the tenant is responsible for the eradication of insect and vermin infestations caused by the tenants activities or lack of cleanliness. "Well I guess it is not really there fault that the wasps build there…[Read more]

Hi Robert,

your link does not seem to work, for me anyway.

Try this one http://www.ato.gov.au/individuals/content.asp?doc=/content/12333.htm

and scroll down to “Tax on capital gains”

jsandso

KP,

Oh dear,
The amount of misinformation masquerading as fact being spread around here is staggering!!

I have just done a little research in regards to CGT and believe that the capital gain is not added to your gross income.

Therefore it is not lifting you up into the next tax bracket it is only taxed with your marginal tax bracket you are…[Read more]

Just to answer my own question above about how to calculate the CGT using Roberts figures.

$56,051.00 Capital Gain
50% discount because property was held for more then 12 month
= $28025.50

With $80,000.00 Gross Income Jack is in the 47% tax bracket therefore

$28025.50 x 47% = $13,172 CGT

As usual it is simpler then I thought.

Hi Robert,

I believe that there is a little mistake in your results in regards to the capital gains calculation.

-$6,796.18 Capital Gains Tax (25%)

I got a different result and to confirm that my calculation is not to far off I searched for a calculator on the Internet and found one here http://www.cch.com.au/cgi-bin/cgt00isapi.dll/
which…[Read more]

Hi wendyb,

use the search function under Forum Boards / Search,
there were a few recommendations for WA accountants.

jsandso

I get following figures:

the property is negativly geared $29/week or $1500/annum
value of property after 5 years= $161,051
rental yeild = 7.8%
IRR (5 Years) = 76.58%
Gross profit after 5 years = $47,690
less $11,351 CGT = $36,339
less 3% ($4831) selling agent commission = $31,508 net Profit (Not including depreciation)

I think for some people…[Read more]

Western Power told me that I need to have an account with them for that house in order to get that info even if I’m the owner. I would need to get my tenants to ring western power and they can pass the info on to me.

But I also rang the council and they were very helpful and it took only 2 minutes to find out the construction date after answering…[Read more]

Today he closed down his Statesman Homes Building Company and another division will follow.

From The West
http://www.thewest.com.au/20050427/news/general/tw-news-general-home-sto131035.html

Thanks guy’s

you are right it is the medicare levy what I was missing. I should have taken the time to read it properly.

Thanks again

jsandso

Hi Marisa,

yes it is Landlords responsibility, as it is your house you don’t want it eaten away alive by white ants.

It cost us about $130/year per property here in Perth.

That pest control guy just found termites in a piece of timber I put in the ground 4 years ago to seperate the vegie patch from the garden beds. Millions of them, that whole…[Read more]

I just looked at Vale last weekend. It is Multiplexes first residential project and they are trying to get it right the first time. Lots of recreation facilities like parks, lakes, playgrounds, sports oval, tennis, outdoor theatres, hike and bike trails.

The expected completion is 2016, No. of homes 4500, No. residents 12000

Blocks from…[Read more]

Thanks Salacious
but I don’t want to change my screen resolution. It would not help anyway as ID is always taking up the whole screen. No matter if you use 800×600 or 1900×1600. All I want is the possibility to change the size of the ID window like in any other program.

jsandso

LizardKing

congratulation to your new purchase.

I know the cardinal rule in property investing – don’t buy with your heart, buy with your head – but I do believe if you liked it, so will a prospective tenant.

I agree but everything else should be considered as well like transport, shops, schools, kindergarten and so on. I believe you have made…[Read more]

agree 100% with Derek

Hi Marisa,
we have pool maintenance and lawn mowing included in the rent with $15. The pool guy charges $37 + chemicals which brings it to about $42-45/month all year around. Lawn mowing is only for 6-7 month a year at $25.

We supplied our tenants with a Kreepy Crawly and a pool brush. I want there kids to be as save as possible when using the…[Read more]

I was in the same situation once and I just rang the shire. They were very help full and gave us all names addresses and even phone numbers. They did not charge anything for it.

When I then rang one of the numbers the person who answered was very upset that the shire gave me the addresses and numbers.

Needless to say they did not want to sell…[Read more]

Thanks redwing,
it was in the Ray White colour section.

You mentioned Landsdale, which got me interested as that is where I live. Blocks here have almost doubled in the last 4 years.

Jsandso