hi I think you may be little better with term deposit- reason from this year you can have 1000$ interest tax free . so keep  upto that amount in term deposit and over that amount in offset account.cheerssati

Hi ScottFirst i am not an expert in this , still request you or others to explain Essentially, you are trying to work out how much you will need to sell the place for in order to make a profit ie $450 + $70 = $520k"Yes , that what i aim i know it is market which will determine price" Unfortunately, property value is determined by the market and it…[Read more]

Thanks James – agree to your point but my point is Is calculation i stated is correct or not? If correct then it is difficult from investor point to make profit, i suggest people you bought say in 2003 on wards should work out and see whether it is worth on hold on. Answer to your point on formula i clarify as followPurchase price including all…[Read more]

Thanks a lot amsjerm and dusksterSati

Hi ducksterThanks for so quick response, cal you please clarify this bit"Income loss of $581 *.70 = -$406 (This is what you would be paying per week after tax refund of $174 per week"i understand $581 income of weekly loss but unable to get .70 and $174 onekind regardsSati

Hi
I borrowed 100% against by paid off property, and rent i am getting is $230 pw , i am not paying off any other’s loan . When i say $450 K , purchase price is $430 + other expenses like legal and stamp duty. In fact it is a old house. So loan as i said is $450K

thanks
Sati

Sorry it is typo error, and surely discount should be applied

Sati

Just to add 2 cents!!

Builders if are unable to off load to public , they sell it to Defence Houising at much higher price. Then Defence housing sell those properties with 9 + years lease. Has any one had any experience recently (last 1 year) in buying defence housing property.

Sati

Thank , now futher question is income from the rent and expenses will balance each other, in other words i will incus loss of interest in australia for the amount i borrowed , ie insterest on the amount. That interest i will user as negative gearing, Is that correct. In overseas it will not attract any tax as the rent is low.

Please respond

thanks

Sati